Happy New Year to all of you!
In last year’s roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short term rates have remained around zero. That will be a core pattern throughout 2018.
Happy New Year! May yours be peaceful, safe and impactful!
As tumultuous as last year was from a global political perspective on the back of a rocky start market-wise, 2017 will be much more so. The central bank subsidization of the financial system (especially in the US and Europe) that began with the Fed invoking zero interest rate policy in 2008, gave way to international distrust of the enabling status quo that unfolded in different ways across the planet. My prognosis is for more destabilization, financially and politically. In other words, the world's a mess.
It has been called “a bigger risk than Brexit”– the Italian banking crisis that could take down the eurozone. Handwringing officials say “there is no free lunch” and “no magic bullet.” But UK Prof. Richard Werner says the magic bullet is just being ignored. On December 4, 2016, Italian voters rejected a referendum to amend […]
(This piece is a version of my article appearing in Jim Rickard's Strategic Intelligence newsletter this month. It gives you an idea of what's to come in Artisans of Money (abent the Game of Thrones comp.)) Enjoy.
“When you play the Game of Thrones, you win or you die.” – Cersei Lannister
The euro reacted to the ECB’s announcements on Thursday by rising to its highest position against the US dollar in two weeks [Xinhua]
The euro hit a two-week high against the US dollar late Thursday after the European Central Bank (ECB) agreed to keep it’s current stimulus (quantitative easing) program as is with no change.
Just ahead of markets closing in Europe on Thursday, the euro rose 0.67 per cent to 1.134 against the dollar.
(ANTIMEDIA) The world has been captivated by a continuous stream of disturbing and shocking headlines.
By BRIAN DENNY | Morning Star | June 3, 2016 THE EU is not defending workers’ rights as the Remainiacs never cease to claim. In fact the EU is directly behind the huge assault on wages, pensions, collective bargaining and other workers’ rights across the EU, including the current battle going on in France. Moreover […]
Happy New Year to All! May 2016 bring peace to you and your loved ones.
Over the holidays, I had the opportunity to stay away from airports and hike Runyon Canyon with my dogs. For those of you that have never traversed Runyon’s peaks and dips, they are nature’s respite from the urban streets of Los Angeles, yet located in the heart of the City of Angels. It’s a place in which to observe, reflect, and think about what’s coming ahead.
“Neither national nor European worker protection laws apply to the ECB, because it is not part of any nation. Nor is it a European state,” said an ECB staffer. “So basically, the Governing Council of the ECB has complete freedom to define any rules or laws for its employees that it wishes, with no democratic oversight and no worker representation.”
The post EU banking chiefs are repressing their own workers to save the 1% appeared first on BSNEWS.
