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Tag Archives: financial markets
Ben Bernanke: Contrary Indicator
Ben Bernanke: Contrary Indicator On May 17, 2007 Ben Bernanke, then chairman of the U.S. Federal Reserve System, spoke at a conference sponsored by the bank’s Chicago branch and told his audience the following: [W]e believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we […]
Peter Schiff: People Are Still Too Focused on the Pin and Not the Bubble
Peter Schiff: People Are Still Too Focused on the Pin and Not the Bubble There seems to be some optimism in the markets that the end of the coronavirus shutdown is getting closer. There is also this resistant myth that the economy will just fire back up at the snap of a finger. Peter Schiff recently appeared […]
The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive
The Lockdown Wouldn’t Be So Devastating If Our Economy Wasn’t So Rigged, Brittle and Exploitive An economy of rackets designed to enrich the few at the expense of the many is brittle because self-serving rackets snuff out competition, accountability and transparency. What’s remarkable about the lockdown isn’t the hue and cry about the economic damage–it’s […]
Peter Schiff: Americans Are in For a Rude Awakening
Peter Schiff: Americans Are in For a Rude Awakening All eyes have been on the stock market in recent weeks as it has reflected the fears about the coronavirus-induced economic shutdown and the hopes of massive stimulus. It’s been quite a rollercoaster ride. But in his podcast on March 27, Peter Schiff said there’s an […]
Answers
Answers The year is 2020. A new virus is spreading across the planet like a wildfire. More lethal than the flu, highly contagious with no cure. Stocks markets collapse, global economies are shutting down with billions of people quarantined to their homes and millions losing their jobs overnight. What do you do? What DO you […]
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago
The Pandemic Is Accelerating the Breakdown That Began a Decade Ago The feedback loop has reversed: by saving more, people will spend, borrow and speculate less, draining the fuel from any broadbased expansion. In eras of confidence and certainty, people save less and spend more freely. When we’re confident that good times are not only here […]
Freaky-Deaky
Freaky-Deaky I never subscribed to the nostrums of Marxism, but old Karl sure had a point when he said, “All that is solid melts into air, all that is holy is profaned, and man is at last compelled to face with sober senses his real conditions of life, and his relations with his kind.” Is […]
Blain’s Morning Porridge – March 20 March 20 20! Missed than one!
Blain’s Morning Porridge – March 20 March 20 20! Missed than one! “How beauteous mankind is! O brave new world that has such people in it..” This is a very strange world we find ourselves in. There is literally too much to write about in terms of how the Global Financial System is being roiled […]
The Crash Of 2020 Is Now Worse Than The Great Depression
The Crash Of 2020 Is Now Worse Than The Great Depression Back in December, someone in China made bat soup (at least according to the officially accepted narrative that doesn’t get you banned on Facebook, Twitter, etc), and the rest is history: in the next three months, the global equity market has lost $24 trillion […]
Italian Debt Crashes Prompting ECB Intervention
Italian Debt Crashes Prompting ECB Intervention Welcome to the brave new world of a helicopter money, aka the Magic Money Tree (MMT), where everything is crashing and nowhere more so than in Europe, which having made a dramatic U-turn on its historic fiscal stinginess, and where a flood of debt is now expected, bond yields […]
The Insanity Continues: Futures Crash Limit Down, S&P Indicated 6% Lower
The Insanity Continues: Futures Crash Limit Down, S&P Indicated 6% Lower After surging 6% yesterday, with the Dow briefly rising more than 1,000 point, traders once again got a reminder of what record high VIX means when overnight futures crashed again – despite the Fed’s launch of two Lehman-era crisis facilities, the PDCF and the […]
The Demise of the Financial System is Imminent
THE DEMISE OF THE FINANCIAL SYSTEM IS IMMINENT “Next five years is not about winning but surviving.” This is the headline of an article I wrote in early August 2019. At that point I was primarily thinking of economic survival. But now the world is facing multiple threats and multiple failures. As I have already stated, […]
“The World Has Changed” – What Was Our Biggest Mistake?
“The World Has Changed” – What Was Our Biggest Mistake? This is going to take time. Sorry to have to say it, but patience will be required and undoubtedly tested. By far the best thing that central banks can do is keep the global financial and funding markets functioning and not especially worry about whether the […]
Black Swans, Dead Cats, Live Bats, and Goodbye to All That
Black Swans, Dead Cats, Live Bats, and Goodbye to All That Had enough excitement yet? At least the stock markets are following an established script: the bubble pops, the elevator drops, for a while it stops… and then investments sink to the deepest sub-basement, where they linger for a long, long time. Hello, next great […]
Black Thursday: “One Giant Margin Call” Drags Dow Down 10%
Black Thursday: “One Giant Margin Call” Drags Dow Down 10% “The fact that Treasuries, munis, and gold are getting hit tells me that everything is for sale right now. One giant margin call where even the safe-havens aren’t safe anymore. Except for cash.” The Fed unveiled an unprecedented liquidity facility to rescue malfunction Treasury markets from themselves.. but it […]
