And now you get the feeling that policy makers only have a couple of bullets left in their gun to prevent a bigger panic in the market. Of course, maybe it just feels that way because of the drumbeat of coverage in the media.
April 29th, 2010 | Dan Denning | 2 comments | ContinuedAll Posts Tagged With: "imf"
Germans Are Reluctant To Give Greeks A Financial Weapon
Wednesday, April 21st saw Reuters publish not one, not two, but six articles on the Greek debt mess.
Basically, they discussed what could be an amusing procedural hiccup for the planned Greek bailout.
ETFs as a Resource Investment
In America, you’ll find two new exchange traded funds (ETF) linked to commodities. Global X Funds has launched an ETF for tracking sliver miners (NYSE:SIL) and an ETF for tracking global copper miners (NYSE:COPX). From our very cursory, the main rationale for both funds is higher demand for industrial metals, which more or less implies a recovery in the global economy.
April 21st, 2010 | Dan Denning | 0 comments | Continued
Obama Lets Zombies Loose on US Health Care Industry
This new reform measure just increases the weight. Now, there’ll be more parasites than ever. Health care is about to turn into a zombie industry…run by brain-dead bureaucrats…
March 24th, 2010 | Bill Bonner | 1 comment | Continued
Martin Armstrong Suggests the Sovereign Debt Crisis in Europe Will Lead to Rising Interest Rates
But according to America’s self-described “#1 political prisoner” Martin Armstrong, the Western world’s fiscal malfeasance has left it trapped between two equally undesirable but unavoidable outcomes: default of civil unrest. We are at the pointy end of the crisis (Phase two as he describes it). Yet very few people seem to appreciate what’s actually happening.
March 22nd, 2010 | Dan Denning | 9 comments | Continued
In India With a Strategic Partner
In our family office, where we keep the family money, we take big bets over long periods of time…working with strategic partners who are knowledgeable about key sectors.
March 12th, 2010 | Bill Bonner | 3 comments | Continued
Statistical Models Can’t Predict the Future
But we do know that financial markets are getting more volatile in recent years, not less. Is it globalization? Is it the digitalization of trading data and continuous, algorithmic trading models? Does the pursuit of an informational advantage (or the belief that one is possible) drive people to trade more?
March 2nd, 2010 | Dan Denning | 6 comments | Continued
In a Properly Functioning Economy Prices Go Up and Down
Here at The Daily Reckoning, when we go into a liquor store and find lower prices, we are delighted. We stock up. But we are clearly out of step with mainstream economists.
March 1st, 2010 | Bill Bonner | 2 comments | Continued
Federal Reserve Increases Rate at Which Banks Can Borrow From It
In a debt drugged, liquidity obsessed world, a change in interest rates can go from affecting profitability to affecting solvency very quickly. And it’s not just the banks that are high on cheap credit.
February 27th, 2010 | Nickolai Hubble | 0 comments | Continued
Depression: A Time of Falling Prices
First, there is a real economic phenomenon going on – the depression. It’s alive and well…and doing just fine. Households are de-leveraging. Businesses are building up cash.
February 26th, 2010 | Bill Bonner | 0 comments | Continued
US Economy Still in a Deflationary Contraction
Most people think the economy will muddle through somehow…thanks to all those geniuses working at the Department of the Treasury and the Fed.
February 25th, 2010 | Bill Bonner | 0 comments | Continued
Do Away With the IMF, World Bank, and Central Bank
On that note, it is worth going off on a tangent for a moment. The idea that government formed institutions can bring about free markets and globalisation is a paradox.
February 20th, 2010 | Nickolai Hubble | 0 comments | Continued
The U.S. Dollar is Not the Euro
As the main rival (amongst paper currencies) to the dollar as a global reserve currency, the euro’s coming collapse has to, almost by definition, equal dollar strength. There just aren’t that many more liquid alternatives for large institutions and central banks.
February 19th, 2010 | Dan Denning | 4 comments | Continued
Only Thing Rising Faster than Demand for Government Debt is Supply of It
All major governments of the West – and Japan – are now borrowing as if their lives depended on it.
November 30th, 2009 | Bill Bonner | 0 comments | Continued
Big Drops in Stock Prices Are Always Followed by Bounces
A bounce of 50% of what was lost is not unusual. That’s what happened after the Crash of ’29, for example. So, there’s nothing exceptional about what we’re seeing on Wall Street.
November 17th, 2009 | Bill Bonner | 1 comment | Continued
