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Olduvai III: Catacylsm
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Bond Markets Herald an End to Cheap Government Debt

Bond Markets Herald an End to Cheap Government Debt Bond markets got choppy at the end of April, when institutional investors began lining up to bet against the market. Since then the situation has gotten worse for bond holders, as spiking yields in Germany, and even US Treasuries, have created a rush for the exit […]

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The Death Of The Petrodollar Was Finally Noticed

The Death Of The Petrodollar Was Finally Noticed Three months ago, we wrote “How The Petrodollar Quietly Died, And Nobody Noticed“, in which we explained in painful detail why far from the simple macroeconomic dogma which immediately prompted the macro tourists to scream that “oil prices dropping are good for US consumers“, the collapse in […]

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“De-Dollarization” Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries

“De-Dollarization” Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries The rumors of Russia selling its gold reserves, it is now clear, were greatly exaggerated as not only did Putin not sell, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion (near the highest since […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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