The fascinating truth about the world of banking and finance and the world of technology. Uncovering the darker secrets and behind-the-scenes attitudes and facts is what paints the trail of profits within the commercial banking and...
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The fascinating truth about the world of banking and finance and the world of technology. Uncovering the darker secrets and behind-the-scenes attitudes and facts is what paints the trail of profits within the commercial banking and finance and within the World Central Banking System. It's all about the money and the power that follows.
What does a bubble look like and how do they end? In this week's Outside the Box, James Montier of Societe Generale in London looks at not only the psychological analysis, but also at the propensity for commentators to continually proclaim the end of the problem and a resumption of business as usual. He includes a fascinating piece from Marc Faber documenting the various quotes about how well the economy was doing from 1928-32. This makes for fun, if a little sobering, reading.
To quote... Read Full Story
.........But First, A Word From Our Sponsor..........
No other bank is as committed to you and your global portfolio success as EverBank. And we’ve proven it again with the launch of the NEW currency resource pages at EverBank.com. We encourage you to visit EverBank.com and see for yourself. You’ll discover:
- Over 30 new web pages dedicated to foreign economies and currencies, including tips and insights from Chuck Butler, President of EverBank World Markets - Condensed, relevant and... Read Full Story
The Federal Reserve Bank of Atlanta this past January released a video on crisis preparedness. The timing of such a video being released is suspicious considering the prospect of bank failures and an inflationary collapse of the U.S. monetary system loom large. The U.S. Dollar is at all-time lows and many top economists are predicting that we are entering a very deep recession if not a depression. Although the video focuses in on a potential disaster like a terrorist attack or a weather... Read Full Story
.........But First, A Word From Our Sponsor.......... No
other bank is as committed to you and your global portfolio success as
EverBank. And we’ve proven it again with the launch of the NEW
currency resource pages at EverBank.com. We encourage you to visit
EverBank.com and see for yourself. You’ll discover: - Over
30 new web pages dedicated to foreign economies and currencies,
including tips and insights from Chuck Butler, President of EverBank
World Markets - Condensed, relevant and... Read Full Story
Retail Sales Take a Dive Accounting for Inflation The Fed at the Crossroads Sell in May and Go Away South Africa, Flowers, and On the Road Is the economy poised for a recovery, as the stock market seems to expect? Or are we in for another few more quarters of recession and/or slow growth? In this week's letter we take a look at consumer spending, inflation, and other data to see if we can find a clue or two to give us an idea of the direction of the economy. There is a lot of data, so let's... Read Full Story
It could be argued that the recent rise in the medium and longer term US Treasury rates have something to do with concerns re inflation. It also could just as easily be argued that a major part of the rise is due to a lessening of the fear factor related to the credit crisis and an associated narrowing of credit spreads. This latter point is debatable, however, as spreads have narrowed very modestly by most measures (see left chart for one example).
The same two part argument cannot... Read Full Story
"The idea of financial panic -- that has been pretty much taken care of,"
Warren Buffett
“Economy May Face Prolonged Pain, History Suggests”
Greg Ip, Wall Street Journal
Mr. Buffett may be technically correct but that won’t help investors who come to the mistaken conclusion that further economic pain has been averted.
The argument being made in my previous reports and on the blog point to a painful adjustment process that the US and world economy will likely undergo as it suffers... Read Full Story
The addiction to fiat money is huge. The value of this wealth on paper that circles the globe is difficult to estimate. The Bank for International Settlements guesses at $600 trillion dollars deduced by wading through tomes of data. Global gross national product is estimated at $50 trillion dollars yearly. If that figure is correct, the world is overextended by about 12 years of global production. All the credit and faith in government cannot pay for the debt that the International Society... Read Full Story
#1 U.S. Job Outsourcing and Multinational Corporations
Dollar Devaluation Worries
High Oil Prices and Inflation
Job Outsourcing by the Financial Sector
How the Federal Reserve Creates Money
Usury: The Principle Behind Islamic Banking
Constitutional Violations and the Patriotic Man
John McCain: Be Careful What You Ask For
Offshoring Jobs Falls Short in Efficiency
World Ruled by Bank of Rome Read Full Story
Despite the events of recent days, Hillary Clinton and investors in the Financial and Consumer Discretionary sectors may have something in common – wishful thinking.
“Nothing is so common-place as to wish to be remarkable.”
William Shakespeare
“They say that nobody is perfect. Then they tell you practice makes perfect. I wish they'd make up their minds.”
Winston Churchill
“My uncle's dying wish - he wanted me on his lap. He was in the electric chair.”
Rodney Dangerfield
“I wish I... Read Full Story
