Articles



U.S. Debt Becoming A Riskier Asset

Published by Philippe Herlin | Oct 24, 2013

With 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.

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IMF Condoning the Plundering of Bank Accounts

Published by Philippe Herlin | Oct 16, 2013

As 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 Eu...

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Bernanke’s « Syrian Moment »

Published by Fabrice Drouin Ristori | Sep 29, 2013

Fed Chairman Ben Bernanke’s decision to go ahead with unabated quantitative easing (QE) seems to have taken many by surprise. To such an extent that, from now on, the major market participants are saying they have totally lost faith in Ben Bernanke. True, Ben Bernanke has been saying constantly,...

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Bernanke Confessing QE Tapering Impossible

Published by Philippe Herlin | Sep 26, 2013

Last 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...

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