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The Wealth Redistribution Scam that Is “Inflation”
The Wealth Redistribution Scam that Is “Inflation” The world over people are told that central banks pursue “price stability” by making sure that consumer goods prices do not rise by more than 2 percent per annum. This is, of course, a big sham. If the prices of goods rise over time, it does not take […]
Repocalypse: The Second Coming
Repocalypse: The Second Coming This little monster that feeds beneath the surface of global banking at its core briefly raised one ugly eye out of the water as 2018 turned into 2019. I wrote back then that the interest spike we saw in the kind of overnight interbank lending known as repurchase agreements (repos) was […]
Half Of France’s National Train System “Grinds To A Halt” As Labor Unions Strike On Christmas Week
Half Of France’s National Train System “Grinds To A Halt” As Labor Unions Strike On Christmas Week French labor unions won’t be giving any presents to citizens who want to travel by train this Christmas. That’s because strikes by transport workers against the government’s pension-reform plan have shut down half of national train services this weekend, with […]
My Main Worry is Europe
My Main Worry is Europe Can it get any better than this? That’s the question investors are asking themselves after an exceptional year. Despite a slowdown in the global economy and increasing trade tensions, almost every asset class is up for the past twelve months. Mohamed El-Erian Mohamed El-Erian is convinced that the world is […]
Negative Rates, The Destruction Of Money. Sweden Ends Its Experiment.
Negative Rates, The Destruction Of Money. Sweden Ends Its Experiment. Negative rates are the destruction of money, an economic aberration based on the mistakes of many central banks and some of their economists who start from a wrong diagnosis: the idea that economic agents do not take more credit or invest more because they choose to save […]
Can China Dethrone the US Dollar as Global Reserve
Can China Dethrone the US Dollar as Global Reserve As a result of this ‘trade war’ China has let the yuan slide versus the USD which is a warning to Trump, specifically Mnuchin. On the US dollar as reserve currency, that is a tough thing to break especially for China since the yuan is not […]
Welcome to the Era of Intensifying Chaos and New Weapons of Conflict
Welcome to the Era of Intensifying Chaos and New Weapons of Conflict Geopolitics has moved from a slow-moving, relatively predictable chess match to rapidly evolving 3-D chess in which the rules keep changing in unpredictable ways. A declining standard of living in the developed world, declining growth for the developed world and geopolitical jockeying for […]
How Congress and the Federal Reserve Stole Christmas
How Congress and the Federal Reserve Stole Christmas The bickering over impeachment did not stop the president and Congress from coming together last week to avert a government shutdown by passing a 1.4 trillion dollar spending package. The bipartisan agreement has something for everyone — a 22 billion dollars increase to bring total spending on […]
It’s Beginning to Look a lot Like…
IT’S BEGINNING TO LOOK A LOT LIKE… A BUBBLE! As the markets grind higher into the year-end the look of what is happening is becoming clear. The Fed is inflating a bubble. Valuation on the S&P is approaching 19x which is up from ~14-15x a year ago. Valuation isn’t a great tool for timing however […]
Why UVic Faculty Massively Voted to Divest from Fossil Fuels
Why UVic Faculty Massively Voted to Divest from Fossil Fuels It’s time to walk the talk on reconciliation and the climate crisis. Therefore, we think it is hypocritical for UVic to present itself as a sustainability and reconciliation leader while investing in companies that are primarily responsible for both the climate emergency and Indigenous dispossession. For example, UVic has […]
“Inflation Is Inevitably Going To Rise” – Is Alan Greenspan Right?
“Inflation Is Inevitably Going To Rise” – Is Alan Greenspan Right? Via DataTrekResearch.com, “Right now, there’s no real inflation at play. But if we go further than we are currently, inflation is inevitably going to rise.” That’s from Alan Greenspan on CNBC this week. The “further” relates to US Federal deficit spending, the idea being that […]
World Bank Warns “Wave Of Debt” Could Unleash Historic Crisis, Crush The Global Economy
World Bank Warns “Wave Of Debt” Could Unleash Historic Crisis, Crush The Global Economy Something happens to the world’s “really smart people” when the topic of debt is discussed: they become blabbering idiots. Consider that last month we reported that according to the Institute of International Finance, global debt has now hit $250 trillion and is expected […]
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver
THE GLOBAL DEBT TICKING TIME-BOMB: The Reason To Own Gold & Silver As Global Debt reached a new record high of $250 trillion this year, gold and silver came briefly back on the radar for investors. After five long years, the precious metals finally broke through key technical levels this summer. However, after the Fed […]
Dave Collum’s 2019 Year In Review: “I Fought The Fed, And The Fed Won”
Dave Collum’s 2019 Year In Review: “I Fought The Fed, And The Fed Won” Authored by David B. Collum, Betty R. Miller Professor of Chemistry and Chemical Biology – Cornell University (Email: dbc6@cornell.edu, Twitter: @DavidBCollum), “I hope David comes to his senses.” ~ Nassim Taleb (@nntaleb), best-selling author and Professor at NYU Every year, David Collum writes a detailed […]
