Europe’s Financial Transactions Tax (FTT) may disincentivise financial transactions by adding to their marginal cost. But as long as the supply of credit and cheap money to the banking system remains abundant, the banks have an open invitation to speculate.
January 10th, 2012 | Dan Denning | 3 comments | ContinuedAll Posts Tagged With: "welfare state"
The Liquid Assets You Can No Longer Bank On
There are no more risk-free liquid assets in the market. Maybe there never were. But it’s one of those sacred cows that has never been gored before. It is now (gored, in painfully slow fashion). The dirty little secret of the bankrupt Welfare State is out: government bonds are just another liability.
December 13th, 2011 | Dan Denning | 4 comments | Continued
How Long Can Europe Stay Positive on Creditwatch Negative?
If you believe the French and Germans, what Europe really needs to become more competitive is a new treaty. If you believe Standard and Poor’s, which just put most of Europe on “creditwatch negative”, Europe needs to sort out its underlying monetary problems before it’s too late. Who are you going to believe?
December 6th, 2011 | Dan Denning | 0 comments | Continued
Insider Capitalism – for richer or poorer…
Few people really like capitalism — even people who call themselves capitalists. The feds could probably round them all up and gun them down in an afternoon. Capitalism is too chancy…too unpredictable…and too uncontrollable. No wonder so few people are fond of it.
November 2nd, 2011 | Bill Bonner | 0 comments | Continued
Europhoria
Yesterday was the day the world’s capital markets turned into a giant fiat money casino. Consider yourself warned. You can trade your way to profits this in this market on the tide of easy money being printed now by the Federal Reserve and the European Central Bank.
May 11th, 2010 | Dan Denning | 17 comments | Continued
Government Insulation Program an Exercise in Fraud, Waste and Incompetence
Think about that again – the death of four young people is directly linked to government policy – and no one has been fired, lost a job, or held accountable for it at all. If, for example, four diggers were killed in Afghanistan after being sent on poorly planned mission, what do you think the coverage in the media would be like?
April 8th, 2010 | Dan Denning | 24 comments | Continued
Who Wants to Be a Millionaire?
Maybe the illusive dream of six zeros is within reach for all people around the world. All you have to do is borrow a million dollars. The fact that you owe the money to the bank isn’t relevant.
March 27th, 2010 | Nickolai Hubble | 2 comments | Continued
America Completes Collection of Welfare State Essentials With Health Care System
What is this health care bill? Is it a new way of making the future better? Or is it an old solution to an old problem?
March 25th, 2010 | Bill Bonner | 5 comments | Continued
