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Olduvai III: Catacylsm
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Draghi Admits He Cannot Stop Buying Gov’t Debt

Draghi Admits He Cannot Stop Buying Gov’t Debt Draghi has realized that he has singlehandedly destroyed the European bond market. Besides the fact that it is illegal to short government bonds, he has come face to face with the stark reality that IF the ECB stops buying government bonds, there will be NO BIDat these price […]

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Bill Blain: “This Is What Terrifies Draghi And Other Central Bankers”

Bill Blain: “This Is What Terrifies Draghi And Other Central Bankers” Austria 2% for 100 year bond will go down as “financial moment”. Wake up and smell the coffee of economic reality Blain’s Morning Porridge – September 13th 2017 “Hey Satan, paid my dues, playing in a rocking band…” This morning dawns bright and hopeful. […]

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Will 2016 Bring Another 2008-Type Crash? Pt. 1

Will 2016 Bring Another 2008-Type Crash? Pt. 1 The world is lurching towards another Crash. Japan, which has been ground zero for Keynesian insanity, is back in technical recession. This comes after the Bank of Japan launched the single largest QE program in history: a QE program equal to 25% of GDP launched in April 2013. This […]

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Oil Prices Testing August Lows As Inventories Swell

Oil Prices Testing August Lows As Inventories Swell As Mike D from the Beastie Boys turns fifty today, WTI is trying to fight for its right to party on in forty-dollardom. (but failing). Brent is being more successful in trying to ‘get it together’, holding somewhat steady, but the ongoing swelling-inventory, tanker traffic-jammed nature of […]

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The Mad Euro Project Just Got A Lot Madder

The Mad Euro Project Just Got A Lot Madder Feeding a Monstrous Pile of Debt. Under Mario Draghi’s radical stewardship, the ECB seems determined to push the limits of monetary experimentation. And by all accounts, it’s succeeding. This week saw numerous eurozone governments sell bonds at negative rates, an economic anomaly that has no place […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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