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Olduvai III: Catacylsm
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This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy

This Is The NIRP “Doom Loop” That Threatens To Wipeout Banks And The Global Economy Remember the vicious cycle that threatened the entire European banking sector in 2012? It went something like this: over indebted sovereigns depended on domestic banks to buy their debt, but when yields on that debt spiked, the banks took a […]

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F(r)actions Of Gold

F(r)actions Of Gold The simple fact of the matter is that gold is no longer money and hasn’t been treated that way in decades. It is a frustrating and often woeful outcome, but deference isn’t a reason to color judgement. As an investment, which is more like what gold has become, it isn’t all that […]

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Italy Races To Defuse €200 Billion Bad Loan Time Bomb With “Bad Bank”

Italy Races To Defuse €200 Billion Bad Loan Time Bomb With “Bad Bank” When Portugal “surprised” senior Novo Banco bondholders with a €2 billion bail-in late last month, the market got an unwelcome reminder that euro periphery banks are far from “solid.” Novo was supposed to house the “good” assets salvaged from the wreckage of […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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