Warren Buffett doesn’t like gold. Neither does Dennis Gartman. That settles it for us: gold must be a table-pounding buy.
March 7th, 2012 | Eric J. Fry | 2 comments | ContinuedAll Posts Tagged With: "ECB"
A Greek Default, the CDS Market and the End of the World
Greece hasn’t defaulted (so far), but some of the buyers of credit default swaps, basically insurance policies that pay off if there is a Greek default, claim the terms and conditions of the bond swap constitutes a “credit event” or default. If it is, they want to get paid.
March 6th, 2012 | The Daily Reckoning | 2 comments | Continued
How Central Banks Provide You With The Illusion of Control
It’s pretty tough to invest in a world controlled by central bankers. They seem to be able to determine the price of anything. Their interventions stopped the stock market plunge of 2009 and ignited several rallies since then.
March 3rd, 2012 | Nickolai Hubble | 0 comments | Continued
Apple’s Share Price – Check This Out For A Sell Signal
Apple’s share price has gone from around $360 in late November to nearly $550 now. That’s a gain of more than 50 per cent in about three months. How much of this is due to the latest liquidity gush from the ECB, as well as the promise of low interest rates ’til 2014 from Ben Bernanke? We would think a lot.
March 2nd, 2012 | Greg Canavan | 0 comments | Continued
Why the ECB and the Fed Have China Laughing
While the ECB pumped over €500 billion into the system overnight, the Federal Reserve was trying to downplay the prospects of another round of QE.
March 1st, 2012 | Greg Canavan | 9 comments | Continued
LTRO: The 500 Billion Euro Cash Grab
It looks like the whole market is sitting on its hands until we find out the size of the second round of LTRO (Long Term Refinancing Operation) from the ECB.
February 29th, 2012 | Murray Dawes | 2 comments | Continued
Europe’s Road to Nowhere (Part II)
The proposed European plan is fundamentally flawed. It made no attempt to tackle the real issues – the level of European debt, how to reduce it, how to meet funding requirements or how to restore growth. Most importantly there was no new funds committed to the exercise.
February 25th, 2012 | The Daily Reckoning | 1 comment | Continued
Why Europe Hasn’t Solved the Greek Debt Crisis
The Greek debt deal isn’t worth the paper it’s printed on. A leaked memo prepared for Europe’s finance ministers – BEFORE the deal passed – revealed that the austerity measures could make Greece’s debt-to-GDP blow out to 160% by 2020, instead of reducing it.
February 22nd, 2012 | Dan Denning | 5 comments | Continued
What the Greek Debt Crisis is Really About
What’s going on in Europe has nothing to do with solving the Greek debt crisis and everything to do with preserving a corrupt system based on limitless debt and growing government power. The sooner you understand that the sooner you’ll be able to prepare for what happens next.
February 21st, 2012 | Dan Denning | 12 comments | Continued
Greek Default Therapy
After days of “tense negotiations,” the ECB and the Greek leadership finally hammered out a deal to save the troubled nation from default. The folks on Wall Street were riotously happy; the Greeks were merely rioting…and it is not difficult to see why.
February 20th, 2012 | Eric J. Fry | 1 comment | Continued
Europe’s Road to Nowhere (Part I)
Financially futile, economically erroneous, politically puzzling and socially irresponsible, the December 2011 European summit was a failure in its attempt to address the European debt crisis. Only the attending leaders and their acolytes believe otherwise.
February 18th, 2012 | The Daily Reckoning | 1 comment | Continued
Why Europe’s Plan to End the Debt Crisis Can’t and Won’t Work
The actions need to try to stabilize the European debt crisis are well recognized. But Even if measures could be implemented as soon as possible, success is not assured. However without them, the chance of a disorderly collapse is increasingly significant.
February 8th, 2012 | The Daily Reckoning | 0 comments | Continued
The First Casualty of the Currency Wars
Can Australia’s currency continue its rampage while exporters burn? The currency wars have been going on quietly here at home for some time now. And going by the state of our exporters, we’re losing.
February 4th, 2012 | Nickolai Hubble | 3 comments | Continued
How the Fed Prints Money Under the Guise of Currency Swaps
The Fed is ramping up its currency swap activity again. Meaning, Federal Reserve Chairman Ben Bernanke, is printing money again. That’s bad enough. But this time, after he prints it, he sends it over to Europe. Crazy, but true.
February 2nd, 2012 | Eric J. Fry | 3 comments | Continued
Currency Wars
The currency wars are heating up. On Wednesday, Federal Reserve boss Ben Bernanke promised speculators he would keep interest rates low until 2014.
January 27th, 2012 | Greg Canavan | 1 comment | Continued
