Sunday will be the day Germany pays its final reparations for the conflict which began in 1914. Bond holders under the Treaty of Versailles will receive their final payment and it will all be over. A small milestone for the revered austerian herself, Chancellor Angela Merkel, in paying off Germany’s debts.
October 2nd, 2010 | Nickolai Hubble | 1 comment | ContinuedAll Posts Tagged With: "bank"
Attachment “G” is Too Dangerous to Be Seen
There may be a simple economic explanation for the best September on Wall Street in 71 years. No double dip recession…improving labour market numbers…rebounding house prices. Except none of that is true. So what is left? Well, as near as we can tell, everyone seems to be front running central banks. Is the Fed buying stocks? Not yet.
October 1st, 2010 | Dan Denning | 3 comments | Continued
Investing in Gold With a Watchful Eye On Mr. Market
What if the final stage of the bull market in gold has already begun? What if investors and speculators begin to panic out of the dollar now? What if they sell the rumor of quantitative easing…rather than wait for the real thing? What if they drive the price of gold up to the moon…
October 1st, 2010 | Bill Bonner | 1 comment | Continued
Squishy Ball Test for Banks
It’s an all-out attack on the greenback and everyone else is winning! The Aussie dollar has reached parity with the Canadian dollar (the Loonie) and is fast approaching its previous highs against America’s number one export (the U.S. dollar). So is this a turning point in the currency wars? Well, like all wars, a sensible question to ask is, what are we fighting for?
September 30th, 2010 | Dan Denning | 162 comments | Continued
Gold US$2,000? Try US$27,000!
The supply of gold is falling steadily. As with any other commodity the price of gold ultimately depends on just two things: The supply of gold, and the demand for gold. Before we get to the exciting part of the story, it is important to look at the supply of gold.
September 29th, 2010 | Dr. Alex Cowie | 27 comments | Continued
Strength in Weakness
If you haven’t sorted out whether gold shares or gold coins or gold bullion should be part of your investment strategy, you still have time to think about it and do something, if that’s what you decide. One reason you have time is that one of the strength’s of gold’s current move is that central banks are buying it instead of selling it.
September 28th, 2010 | Dan Denning | 2 comments | Continued
Thank God for Bailouts
Considering the Labor Government’s record when it comes to government construction programs, we would like to issue the following warning: Do not go bush walking. You may be run over by a tractor laying fibre optic cable for the NBN trials.
September 25th, 2010 | Nickolai Hubble | 1 comment | Continued
Why Central Bankers should keep you up at night
Another day, another elegantly crafted article assuring you that the central planners have it all under control. This time it’s Ian Verrender at Business Day explaining how central banks can now save our economy from another 2008 style crash. (The one they caused.) He concludes it won’t work…
September 24th, 2010 | Nickolai Hubble | 0 comments | Continued
Gold – All About the Dollar?
After its longest run of moving in tandem with the trade-weighted Dollar Index since midsummer 1991 (45 trading days; average correlation +0.58), the gold price in dollars resumed its commonly-assumed relationship with the greenback last Friday, moving opposite to the currency’s forex fluctuations.
September 20th, 2010 | Adrian Ash | 0 comments | Continued
Losing Faith in the Zombie-Run Government
Zombies join government because it’s a good place to work if you’re brain dead and all you can do is slouch and shuffle. The feds can earn a living without actually doing very much. Well, no one knows whether they are doing anything or not. That’s the beauty of government.
September 14th, 2010 | Bill Bonner | 0 comments | Continued
Capital Inadequacy
It is important to grasp just how important capital adequacy standards are. They control the money supply… sort of. To be more specific, they control the velocity of money. Please don’t go to sleep. This is actually the biggest fraud ever committed. It goes as follows:…
September 13th, 2010 | Nickolai Hubble | 10 comments | Continued
Beware the Market Maniacs
The Fed came out with a report from its regional banks. Almost all the indicators showed a slowing economy. Not that we’re headed into a double-dip. We haven’t even gotten out of the first dip yet. Here’s Bloomberg with the news:Banks: ‘Widespread Signs of a Deceleration’ in Economy…
September 13th, 2010 | Bill Bonner | 0 comments | Continued
Labor-ious to Watch
Did anyone watch the live coverage of the independent’s decision to back Labor? We caught the last few minutes. They were remarkable enough. It went something like this: “Why do you think that the coalition would be more likely to go to [back to] the polls?” a reported asked.
September 11th, 2010 | Nickolai Hubble | 13 comments | Continued
Still lucky
The next few days should be telling ones for both gold and equities. Gold has come off its new highs. But you haven’t seen a huge amount of selling either. As our friend Phil Anderson pointed out the other night, you often see two to three days of lower closes after a new high. That gives you a good time to enter into a position.But so far, September hasn’t been the historical disaster we’ve come to expect. Mind you, it’s early. Yet outside some whisperings of capital raisings by major European banks…
September 10th, 2010 | Dan Denning | 0 comments | Continued
Print Money and Be Damned!
Japan was the world’s most admired economy in the ’80s. Then it was the world’s most despised economy in the ’90s. By 1995, economists pointed their fingers and laughed – the world’s most admired businessman had lost his left shoe. But now, much of the world is barefoot.
September 6th, 2010 | Bill Bonner | 3 comments | Continued
