By David Smith, Money Metals Exchange As we move through 2016, the Horsemen of the geopolitical, economic, and social apocalypse are on the march. China burns through its currency reserves as billions in yuan flee the mainland for safe harbor. Japan prints mountains of yen debt in an effort to create inflation – and thereby … Continue reading
By Eugen von Böhm-Bawerk Economic forecasting, no matter how complex the underlying model may be, is essentially about extrapolating historical trends. We showed last week how economic models completely fail to pick up on structural shifts using Japan as an example. On the other hand, if an economy doesn’t really change much, as in the case … Continue reading
By Egon Von Greyerz, Goldbroker.com I have for quite some time warned investors to get out of the banking system. We believe that it is now becoming more urgent than ever. Bank stocks in Europe and the US are falling fast. The market is clearly sensing that things are looking extremely precarious in most financial institutions. … Continue reading
By Jeff Fitchett There are tell-tale signs of bubbles. All throughout history bubbles have been formed, popped, a depression ensued and then another bubble formed. The characteristics of bubbles are very similar. Group think is one of the key components. Rational thinking is set aside as more and more people crowd into a purchasing frenzy … Continue reading
By Paul Craig Roberts The Third World War is currently being fought. How long before it moves into its hot stage? Washington is currently conducting economic and propaganda warfare against four members of the five bloc group of countries known as BRICS – Brazil, Russia, India, China, and South Africa. Brazil and South Africa are being … Continue reading
By Peter Koenig On 19 April 2016, China was rolling out its new gold-backed yuan. Russia’s ruble has been fully supported by gold for the last couple of years. Nobody in the western media talks about it. Why would they? – A western reader may start wondering why he is constantly stressed by a US … Continue reading
By Jeffrey P. Snider, Alhambra Investment Partners On April 12, Muhammadu Buhari, President of Nigeria, was in Beijing to negotiate Chinese aid for his ailing country. At home, the government faces an enormous budget deficit largely on the price of oil. The more immediate threat, however, is that Nigeria in large part due to oil prices … Continue reading
By Yonathan Amselem The greatest tragedy of the 2008–2009 financial meltdown was not that it happened. The collapse of asset prices was the necessary result of near zero interest rates. No, the most devastating aspect of the financial meltdown is that central planning alchemy lost no credibility. Policymakers around the world are still turning to Keynesian and socialist … Continue reading
By James Eugene The Saudi Stock Exchange (Tadawul) announced on Monday that it plans to create a stock market for small and medium sized companies, with the intention of launching this new market at the beginning of 2017. Given the growing importance that SMEs are displaying for Saudi Arabia’s economy, the Tadawul will be undertaking a “market … Continue reading
By Anzetse Were Kenyans have been shaken by the number of bank closures over the past few months. The first was Dubai Bank in August 2015, Imperial Bank in October 2015 and more recently Chase Bank. Kenya’s most recent story in the banking sector from a development point of view was how it expanded financial … Continue reading