
Italy Granted €150BN Bank Bailout Program To Prevent A Bank Run
According to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees.
Read articleAccording to an EU official, the liquidity support program includes up to €150 billion ($166 billion) in government guarantees.
Read articleLittle more than a year after publicly stating that he did not condone a return to the gold standard, Greenspan does now. “If we went back on the gold standard … as it existed prior to 1913, we’d be fine."
Read articleWith this political and economic uncertainty holding sway for the undefinable future, investors will undoubtedly be seeking safe havens for their wealth.
Read articleMarket observers are totally ignoring the real figures and the long term trends and are instead focusing on what the Fed will do.
Read articleAs is perhaps to be expected, Deutsche Bank are keen to underplay their ongoing problems, dismissing speculation that they are “another Lehman Brothers”. But is it right to deny such claims, and are the experts right on this matter?
Read articleMost people believe that the era we live in is totally normal. This is the case whether you live in a war-zone or in “Shangri-La”. It is the same with the economy. Everybody in the West today believes that stocks always go up and that property grows to the sky and that government bonds are the sa...
Read articleOne of the biggest bubbles that would clearly bring down the financial system is the bond market. Here we have a $100 trillion market which has grown exponentially in the last 25 years and which has virtually gone vertical since the 2006-9 crisis.
Read articleThe May jobs report brought bad news today as it was announced that far fewer jobs were added to the United States economy than expected.
Read articleSeveral months ago, as Venezuela's hyperinflating, imploding economy was spinning in freefall, leading to the dramatic episodes of total social collapse such as those profiled in "Scenes From The Venezuela Apocalypse: "Countless Wounded" After 5,000 Loot Supermarket Looking For Food", we wrote th...
Read articleWhy Gold Is A Better Investment Than Apple
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