Yesterday in our article about gold’s price going down we discussed gold and the shadow banking system. Today we’ll explain how it all fits together and what it means for the markets and your investments.
December 16th, 2011 | Greg Canavan | 2 comments | ContinuedAll Posts Tagged With: "aig"
Goldman Stole the Money Fair and Square
But Goldman Sachs is as cool as a cucumber. Goldman released its annual report earlier this week. The firm said it hadn’t done anything wrong.
April 9th, 2010 | Bill Bonner | 2 comments | Continued
Defiance at the Fed
Any real recovery would be accompanied by interest rate increases from the Federal Reserve. Instead, the Fed stuck to its guns and butter interest rate. Dan Denning is another step closer to his free beer bet coming off.
March 20th, 2010 | Nickolai Hubble | 0 comments | Continued
Paul Ryan and His Roadmap for America’s Future
Meanwhile, here comes more good news: the US federal government may not go broke after all. Rep. Paul Ryan, who hails from the sovereign state of Wisconsin, has come up with a solution.
February 17th, 2010 | Bill Bonner | 13 comments | Continued
Will Bailing Out the Greeks Really Make American Businesses More Profitable?
Bailing out the Greeks is a big mistake. But it’s a mistake everyone seems to want to make. There’s probably a Latin dictum for this sort of thing.
February 15th, 2010 | Bill Bonner | 0 comments | Continued
It’s the Little Economies that Have Trouble
So far, the big economies don’t have a problem. Lenders think they are good for the money. Almost miraculously…or supernaturally…the USA – the world’s biggest borrower – is able to obtain financing…
February 11th, 2010 | Bill Bonner | 0 comments | Continued
USA Has Fives Times As Much Sovereign Debt As All the PIIGS Put Together
The PIIGS owe $2 trillion, which might need to be restructured. Yes, dear reader, the sovereign debt problem is a big one – much bigger than Bear Stearns, Lehman Bros. and AIG.
February 10th, 2010 | Bill Bonner | 0 comments | Continued
Obama and the $3.8 Trillion Budget
The amount of the budget itself is staggering. That’s a lot of money. But even more staggering is the glaring omission: the Obama administration is planning to spend $1.6 trillion it doesn’t have.
February 3rd, 2010 | Bill Bonner | 1 comment | Continued
Geithner to Explain to Congress How US Bailed Out AIG
Of course, the Secretary of the Treasury will have answers. He’s been rehearsing them for weeks. He’ll explain that the integrity of the system was at stake…etc…etc… Blah…blah.
January 28th, 2010 | Bill Bonner | 0 comments | Continued
Credit Default Swap: Buying Insurance Against Default in Your Bonds
While Australians march down the path of a national house price obsession/mania, the world’s bond traders are firing warning shots. Bloomberg reports that, “Credit default swap (CDS) protection buying against sovereign debt default has spiked to five times the level of similar protection bought for corporate bonds, as the potential for a wave of sovereign debt defaults intensifies.”
January 28th, 2010 | Dan Denning | 6 comments | Continued
The Biggest Financial Deception of the Decade
Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception…
January 13th, 2010 | Jeff Clark | 4 comments | Continued
Government Pretends to Punish the Bankers
As for the US, the argument goes on. Goldman has tried to head it off with various gestures. Its top man said the firm wasn’t just trying to make money; it was doing “God’s work.”
December 15th, 2009 | Bill Bonner | 8 comments | Continued
Gold and Stocks Going in the Same Direction
Here is a quick answer: no. We’re still a long way from gold’s ultimate destination. Our ‘Trade of the Decade’ was to buy gold on dips and sell stocks on rallies.
December 3rd, 2009 | Bill Bonner | 5 comments | Continued
Fed and the Reverse Repo
The only way to exit is by the door the Fed came in. It barged into the market buying up toxic assets and Treasury notes and bonds. In order to get back out the door, it has to get rid of all the debt it gobbled up.
December 3rd, 2009 | Bill Bonner | 0 comments | Continued
Federal Housing Administration Encourages More Bad Mortgage Loans
You’d think the feds might have learned their lesson. Their low rates…and subsidized mortgage loans…led to the biggest bubble in housing in US history.
November 26th, 2009 | Bill Bonner | 0 comments | Continued
