Europe : Zero-Growth

Published by Philippe Herlin | Jun 6, 2013

The european economy’s landscape looks sad... The Eurozone saw its GDP lose 0.2% in the first quarter, and the OECD revised to the downside its forecast for 2013 and sees a 0.6% recession ahead

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The New Great Wall of China : Gold

Published by Philippe Herlin | May 23, 2013

China knows it has created a credit bubble. But its effects are subsiding and, contrary to the Western governments who keep printing and printing, China has put in place an emergency strategy that is the exact opposite of the actual bubble-creating policies.

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Bubbles Everywhere?

Published by Philippe Herlin | May 16, 2013

Are we witnessing the emergence of bubbles everywhere, or isn’t the whole thing becoming a gigantic bubble? All financial assets are going up at the same time, whether it be stocks, sovereign debts, or corporate bonds!

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Cyprus : Arbitrary Decisions and Confusion

Published by Philippe Herlin | Mar 28, 2013

So Cyprus has been bailed out, for the time being, but we must ask the question : Isn’t the new plan worse than the first one? Given, of course, that both plans are nothing short of theft of private and company savings by incompetent political leaders, it’s like comparing pestilence with malaria.

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Cyprus : The Day After

Published by Philippe Herlin | Mar 21, 2013

Risks are increasing everywhere and the situation is becoming more and more confusing. We need to get back to the fundamentals : ideally we need to get out of paper currencies and into gold, get out of the banking system to avoid all confiscation, and get out of the Eurozone toward a country that re...

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The Fed’s Phony Benefits

Published by Philippe Herlin | Jan 17, 2013

There is very significant news that has barely made the headlines : Last week, the Fed has paid $89 Billion in benefits to the U.S. Treasury. It is 18% more than last year’s payment and it wipes out the $79 Billion 2010 record

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