Will We See Another September 18th 2008 Style Banking Collapse?
March 24, 2010 by Editor · Leave a Comment
the US Government is on a trajectory to default on their obligations, and the same can realistically be said for the UK and Japan. The answer put forward by the US, UK and Japanese governments? Quantitative Easing and 0% interest rates. Have they learned nothing from the past decade?! Words: 2355
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Sovereign Debt Defaults Now Possible/Likely?
February 22, 2010 by Editor · Leave a Comment
Governments the world over have spent the past year bailing out, backstopping, insuring, and stimulating their financial sectors and economies throwing around trillions of dollars, euros, yen, and pounds like Halloween candy. Officials have assured us there’s little risk to that strategy but I believe that the opposite is true – that if you borrow and spend too much, all you’re going to do is transform a Wall Street debt crisis into a Washington debt crisis. Words: 882
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Fiscal Responsibility and the ‘Greater Fool’ Theory
January 27, 2010 by Editor · Leave a Comment
Many households, financial and non-financial firms and government, may well spend the next decade in debtor’s prison having to tighten their belts to pay for the losses inflicted by a decade of reckless leverage, over-consumption and risk taking. What fools we have been for living beyond our means all these years and taking no fiscal responsibility for our future well-being in the false hope that there always would be a ‘greater fool’ out there than us. Words: 1230
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Precious Metals are a ‘Buy and Hold’ Investment
January 25, 2010 by Editor · Leave a Comment
Rediscover patience. Don’t listen to “experts” who no longer have confidence in their own expertise. Buy-and-hold precious metals, and quality precious metals miners – and sleep well at night. Words: 884
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“In Fed We Trust: Ben Bernanke’s War on the Great Panic” – A Book by David Wessel
January 8, 2010 by Editor · Leave a Comment
Wessel has put together a defining and vivid look at policymakers’ unprecedented response to the crisis. Wessel’s disconcerting conclusion: Out of necessity Bernanke is playing most of this by ear, loosely interpreting and appropriating arcane laws and creating new powers just to keep the system on its hinges. In Fed We Trust is persuasively told and richly reported. It is an absorbing read and will win awards and inspire copycats. Words: 665
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