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Russell Napier: “The Most Dangerous Thing In Finance Is The Thing That Never Ever Moves – Until It Moves”
Russell Napier: “The Most Dangerous Thing In Finance Is The Thing That Never Ever Moves – Until It Moves” The PBOC – How to fail in business without really flying “Terrain seems a bit unstable…and there seems to be no sign of intelegent life anywhere” – Buzz Lightyear (Toy Story) “That wasn’t flying…that was falling […]
Birth Pangs Of The Coming Great Depression
Birth Pangs Of The Coming Great Depression The signs of the times are everywhere – all you have to do is open up your eyes and look at them. When a pregnant woman first goes into labor, the birth pangs are usually fairly moderate and are not that close together. But as the time for […]
As China’s Offshore Yuan Crashes To A 2 Year Low, Beijing Warns Its Citizens: “Don’t Buy Dollars”
As China’s Offshore Yuan Crashes To A 2 Year Low, Beijing Warns Its Citizens: “Don’t Buy Dollars” We won’t go into the specific details of China’s burst housing bubble, the shady underworld of itspyramid scheme wealth-management products, the fact that any hard asset in China is rehypothecated literally a countless number of times, the nuances of its deflating shadow […]
The Swiss Franc Will Collapse
The Swiss Franc Will Collapse I have worked to keep this piece readable, and as brief as possible. My grave diagnosis demands the evidence and reasoning to support it. One cannot explain the collapse of this currency with the conventional view. “They will print money to infinity,” may be popular but it’s not accurate. The […]
China Switches to Supporting Yuan as Outflows Mount: Currencies
China Switches to Supporting Yuan as Outflows Mount: Currencies Managing the yuan is turning into a different game for China’s policy makers these days. After more than a decade of curbing the currency’s gains to help turn the nation into a manufacturing colossus, there are signs the People’s Bank of China is now propping up the yuan to […]
“This Is A Race To The Bottom Where No Fiat Currency Wins”
“This Is A Race To The Bottom Where No Fiat Currency Wins” Following another frustrating year in the previous metals markets, 2015 is showing signs that change is afoot. As Santiago Capital’s Brent Johnson notes in this brief presentation, while being ‘wrong’ for the last 2 years on gold has been painful, is it any less crazy […]
The Currency Illusion
The Currency Illusion QUESTION: I want to share a true story with you. My father as a young boy in Greece saw what gold did for his family. My grandfather in Greece in the late 30′s and 40′s saw the rapid devaluation happening to the drachma. English sovereigns were plentiful there at the time as a […]
Nigeria, Belarus Halt All FX Trading As Central Bank Urges “Don’t Panic” | Zero Hedge
Nigeria, Belarus Halt All FX Trading As Central Bank Urges “Don’t Panic” | Zero Hedge. Just because Russia has managed to stabilize its currency for the time being as crude tries to find a floor, that certainly does not mean the soaring dollar tantrum-cum-crude crash episode is anywhere near over, nor that stability has returned to the […]
Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?
Surprise! Guess which currency has stronger fundamentals— the dollar or… ruble?. Last night, the Russian central bank announced a shock decision to hike up its key interest rate from 10.5% to 17%, effective immediately. Incredible. On Monday alone the ruble declined more than 9% against the dollar, and almost 50% in 2014. It looks like […]
Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%
Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17% Following the biggest rout to the Ruble in ages, Russia – unlike Mario Draghi – instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 […]
Canadian Dollar Plunges To 5-Year Low Of 86.69 US
Canadian Dollar Plunges To 5-Year Low Of 86.69 US. The Canadian dollar plunged to 86 cents today in the wake of turmoil in oil and stock markets. The loonie was trading at a 5½-year low of 86.69 cents US. Oil prices seemed to pause in the steep descent they’ve made in the last two weeks. West […]
As Oil Prices Plunge, Nigeria Exclaims It Is Not Zimbabwe | Zero Hedge
As Oil Prices Plunge, Nigeria Exclaims It Is Not Zimbabwe | Zero Hedge. Having already raised rates and devalued the Naira (and widened its trading bands), theNigerian currency continues to collapse to new record lows as crude crashes lower and lower. Having tumbled 11.5% since oil prices peaked, the Naira is holdinga round 184/USD – over 9% […]
Venezuela “Boosts” Reserves With Rocks, Other “Easily Converted To Cash” Stuff; Suffers Major Blackout | Zero Hedge
Venezuela “Boosts” Reserves With Rocks, Other “Easily Converted To Cash” Stuff; Suffers Major Blackout | Zero Hedge. With its bonds trading at 50% of face value, CDS implying an 84% chance of default, a black-market FX rate that signals massive devaluation is likely, and a teetering-on-the-brink of social unrest population entirely dependent on President Maduro’s […]
Swiss Gold No – Repatriation, Demand from Russia, India and China More Important | www.goldcore.com
Swiss Gold No – Repatriation, Demand from Russia, India and China More Important | www.goldcore.com. IntroductionSwitzerland’s ‘Save our Swiss Gold’ referendum was convincingly rejected yesterday by the Swiss electorate following an aggressive anti-gold campaign in recent weeks that had been closely watched both in Switzerland and abroad. Unusually, it involved the Swiss National Bank (SNB) […]
Ruble Freefall: And the Ugliest Currencies Are? | Wolf Street
Ruble Freefall: And the Ugliest Currencies Are? | Wolf Street. The 35% plunge of the price of oil since June and the sanction spiral imposed on Russia are wreaking havoc on the ruble. Oil and gas revenues are crucial to the finances of the Russian government and to the oil-and-gas dominated economy. So the ruble […]
