Try to imagine a world in which today’s emerging markets have more economic power, and vastly more people, than today’s leaders.
February 8th, 2012 | Bill Bonner | 0 comments | ContinuedAll Posts Tagged With: "imf"
Caught In A Greek Debt Trap
Over the past few months, the banks that originally held the Greek debt have sold much of it to specialised hedge funds. The whole agreement about taking a ‘voluntary’ 50 per cent write down on the value of the debt is now in question. The hedge funds don’t want a bar of it.
January 12th, 2012 | Greg Canavan | 2 comments | Continued
Have Yourself a Merry Economic Depression
What’s this? Christine Lagarde, IMF chief, said last week that the world’s nations needed to work together to avoid a 1930s-style depression.
But seeing the way they work together…and where they seem to be headed…we’d prefer an economic depression.
December 20th, 2011 | Bill Bonner | 0 comments | Continued
Shadow Banking and The Golden Pyramid
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 | Continued
Central Banks Play: Print…Ready…Aim
All central banks are desperate to stop stress from building in the global banking system. Despite what they say, job No. 1 of every central bank is to do whatever it takes to prevent a disorderly collapse of banks caused by “bank runs.”
December 6th, 2011 | Dan Amoss | 0 comments | Continued
Why Liquidity Solutions for Solvency Problems Won’t Work
Once again, the Fed is distorting the signals the private market is trying to send. The market is saying there is a solvency problem and the Fed is saying it’s just a matter of liquidity.
But that’s the question – liquidity or insolvency?
December 2nd, 2011 | Greg Canavan | 1 comment | Continued
IMF Considers Loan to Italy
If the IMF does find the money to loan to Italy, it will have to find money for Spain, and for Ireland, and for the Belgians (who just had their credit downgraded again over the weekend). Unless the Italian “solution” brought down government bond yields generally, the basic problem in Europe is still the same: the governments need to borrow more money than anyone actually has.
November 28th, 2011 | Dan Denning | 1 comment | Continued
The Deeper the Greek are in Debt
“Hooray” for democracy.
From out of the blue, Greek president George Papandreou has called a referendum on the Greek debt situation and whether Greece should accept the terms of the financial and political surrender imposed on it by the “Troika” of interventionists from the International Monetary Fund (IMF), the European Union (EU), and the European Central Bank (ECB).
November 2nd, 2011 | Dan Denning | 3 comments | Continued
Taming the Vigilant
Free markets! It’s a government institution – the U.S. Federal Reserve – that is providing the liquidity, via low interest rates and outright buying of government securities, to keep bond yields low. That’s the opposite of free markets.
June 21st, 2010 | Nickolai Hubble | 1 comment | Continued
A Solution to the Debt Crisis – Amour
The Times Online UK reports that Bill Clinton, who managed to get the US federal budget to balance during his term as President, has once again stepped in to solve the State’s financial woes. Only this time it’s the Secretary of State, not the state itself, that’s getting his budgetary attention:
May 15th, 2010 | Nickolai Hubble | 0 comments | Continued
Say You Want a Revolution?
Greek communists are usually a reliable bastion of error and darkness. Their ideas are appalling. Their proposals are absurd. The only thing they are not wrong about is their opinion of the ruling classes – whom they regard as morons
May 10th, 2010 | Bill Bonner | 0 comments | Continued
Default Threat Rises
Let’s pause for a moment to reconsider what may have happened last week with Wall Street’s “trading glitch.” Is it possible that traders saw the cops beating protestors in the Streets and surmised this: No matter what deal European leaders come up with to bailout Greece, that deal isn’t going to fly on the streets of Athens.
May 10th, 2010 | Dan Denning | 13 comments | Continued
The Lies That Bind…
This is supposed to be a recovery. Everyone thinks it’s a recovery. All the papers say so. Investors are betting on it. Politicians and economists are congratulating themselves for it. The only trouble is, the things that need to recover so that there can be a genuine recovery are not recovering.
May 5th, 2010 | Bill Bonner | 5 comments | Continued
Surprises of the Crisis
On cue, all hell broke loose in Europe. Markets fell, bonds plummeted, and the cost of insuring debt went through the roof. But the Daily Reckoning has been telling you about all this for a while now. It shouldn’t be a surprise. That’s not to say there weren’t plenty of surprises anyway.
May 1st, 2010 | Nickolai Hubble | 9 comments | Continued
Rent Seeking in Canberra
The plunder begins on Sunday when the Rudd government finally unveils the Henry Review of Taxation, which, by all accounts, is likely to include a new federal resource “rent” tax to go alongside the royalties miners must already pay the States. The government could not have chosen a more apt word than rent. The government is the ultimate rent seeker.
April 30th, 2010 | Dan Denning | 71 comments | Continued
