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Olduvai III: Catacylsm
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The World Hits Its Credit Limit, And The Debt Market Is Starting To Realize That

The World Hits Its Credit Limit, And The Debt Market Is Starting To Realize That One month ago, when looking at the dramatic change in the market landscape when the first cracks in the central planning facade became evident and it appeared that central banks are in the process of rapidly losing credibility, and the […]

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The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets”

The Endgame Takes Shape: “Banning Capitalism And Bypassing Capital Markets” One month ago we presented to readers that in the first official “serious” mention of “Helicopter Money” as the next (and final) form of monetary stimulus, Australia’s Macquarie Bank said that there is now about 12-18 months before this “unorthodox” policy is implemented. We also predicted that […]

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S&P Downgrades Japan From AA- To A+ On Doubts Abenomics Will Work – Full Text

S&P Downgrades Japan From AA- To A+ On Doubts Abenomics Will Work – Full Text Who would have thought that decades of ZIRP, an aborted attempt to hike rates over a decade ago, and the annual monetization of well over 10% of sovereign debt would lead to a toxic debt spiral, regardless of how many […]

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Why It Really All Comes Down To The Death Of The Petrodollar

Why It Really All Comes Down To The Death Of The Petrodollar Last week, in the global currency war’s latest escalation, Kazakhstan instituted a free float for the tenge. The currency immediately plunged by some 25%. The rationale behind the move was clear enough. The plunge in crude prices along with the relative weakness of the Russian […]

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“Far Worse Than 1986”: The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says

“Far Worse Than 1986”: The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says On Tuesday the market got yet another reminder of just how painful the “current commodity price environment” has been for producers when Chesapeake eliminated its common dividend in order to conserve cash. After noting the plunge in Chesapeake’s shares […]

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42 Billion Reasons Why Putin’s Time May Be Running Out

42 Billion Reasons Why Putin’s Time May Be Running Out Russian municipal bond risk is surging once again (at 6-week highs) heading towards crisis-levels asBloomberg reports numerous regions (including Chukotka – across from Alaska, Belgorod -near Ukraine, and three North Caucus republics) are prompting concerns as debt-to-revenue levels top 100% (144% in the case of Chukotka). Risk is on the rise […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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