Banks Do Not Like Either Bitcoin or Gold... It Makes Sense
All the hooplah around bitcoin, the banking lobby maneuvers (central banks and large banks), are quite reminiscent of what is happening around gold.
Read articleAll the hooplah around bitcoin, the banking lobby maneuvers (central banks and large banks), are quite reminiscent of what is happening around gold.
Read articleAccording to the Bank of Italy, of the 255 billion euros borrowed from the ECB through the LTRO, italian banks only reimbursed 15%, or 38 billion euros. So, there still remains 217 billion euros to be paid in 2014... and for Spain, the amounts are just about the same.
Read articleDon’t laugh, but Ben Bernanke refutes the fact that easy monetary policy from the Fed has favored Wall Street... he even goes as far as saying it has helped the middle class! Quote : « Even though this may come as a shock, I don’t agree. Our monetary policy has helped american households to improve...
Read articleOnly 40 european banks have disappeared since the 2008 financial crisis, compared to almost 500 in the United States. The governments have decided to keep their banks alive, and this has caused the healing process to slow down.
Read articleBitcoins : it’s new, it’s in, so to speak, and we keep hearing a lot about this virtual money that was created in 2009 and that is breaking record after record. What should we think about it?
Read articleEven if its goals are laudable, a tough regulation always generates perverse effects. Such is the case with Basel III, and it’s a shame, because it’s the solidity of our banks that is concerned.
Read articleWith the shutdown absurd showdown – temporarily – over, we are now faced with having to re-evaluate the U.S. debt in depth. Is it still a safe, risk-free asset, with the Fed backing it forever with new money? This is an important question.
Read articleAs we’ve been saying at the time, the spoliation of bank accounts in Cyprus this last March to save their banks was but a general rehearsal. We’ve also learned that there is a european proposal on the table to have depositors of over 100,000 euros contribute should there be a bank bailout in a Euroz...
Read articleAlthough we often read in the press or hear from banking and political leaders that the ECB doesn’t buy back sovereign bonds, contrary to the Fed, thus hinting that « we Europeans are more virtuous than the Americans », it’s totally false.
Read articleLet’s take a long look at the Fed’s Quantitative Easing, or QE, that we’ve been talking about regularly, to really appreciate its importance and meaning.
Read articleLast Thursday, there was quite a surprise : contrary to what the majority of market participants were anticipating, Ben Bernanke decided not to taper his QE (quantitative easing). Thus, $85B a month is still being created by the Fed to keep buying $45B of federal debt and $40B of mortgage-backed sec...
Read articleWith the upcoming German national elections, the problems in the Eurozone have been left aside. Angela Merkel doesn’t want to lose some voters by talking about it. Her finance minister slipped, during the campaign, saying that Greece will have to be helped again but, not to worry, with only 10 billi...
Read articleThe general feeling, or « sentiment », is leaning toward a tapering of money printing by the large Western central banks, due in part to the official statements of the Fed indicating it might taper its quantitative easing (QE). For now, it’s just an hypothesis invoked by its Chairman, Ben Bernanke,...
Read articleThis drop in the price of gold in the first quarter of this year, though significant, will no doubt seem very soon like a glitch, a short pause. The price of gold really started to go up in 2002 when the Fed implemented its laxist policies and now the central banks are stuck with their printing pres...
Read articleGoldman Sachs is above the law. On August 20th, this prestigious business bank is stung with a giant computer bug : their program sends out false orders in great quantities on the american options market and on certain quoted index funds. Which de-stabilizes these markets, and just goes to show how...
Read articleAccording to Morgan Stanley, in the week starting August 14, $760 million have been withdrawn from emerging countries funds, $590 million of which in Asia, for both stock shares and debt obligations. And this is the third consecutive week of withdrawals
Read articleThere is an idea, the 'Great Rotation', that we hear a lot about since the beginning of the year, a great underlying movement that should be happening in the markets: investors moving from bonds to stocks.
Read articleThere is no recovery. But, since the mainstream media and the governments keep repeating it over and over again and since we prefer believing good news than bad news, a majority of people believe in this so-called recovery. This is why the stock market is up and gold is down.
Read article« Forward Guidance » is the new « in » phrase with central banks. It is supposed to reassure the market a few years in advance so that it can « anticipate » properly.
Read articleIs there still « real » price discovery, today, and in which markets? This manipulation of interest rates by the central bank affects all prices, the same way price controls do in centralized states
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