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Recent Posts
- Euro And The US Dollar
- 8 Days Left Until Greece Raids the Island Estates of its Wealthiest Citizens
- Staggering Stats About Silver Supply
- The Final Frontier…for Your Portfolio
- Fragile Recovery or Great Correction
- Central Banks Diversify
- America Invicta
- US Economic Shockwaves Slam China With Unemployment
- An Unsustainable Welfare-State Rat Race
- The 5-Day Financial Cure.
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Bank Archive
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The Central Bank Gold “Shell Game” Continues
Posted on July 9, 2010 | No CommentsWe recently reported the Bank for International Settlements (BIS) has been accepting gold like a “pawn shop” for central banks, but the BIS has since changed its tune. It emailed The Wall Street Journal to say the 346 tonnes of gold it has added to... -
Russia’s Central Bank Could Boost the Australian and Canadian Dollars
Posted on June 24, 2010 | No CommentsThe world’s third-largest foreign exchange reserve is about to become even more diversified. First Deputy Chairman Alexei Ulyukayev of the Russian central bank said it is looking to move into other currencies in the near term. The biggest beneficiaries are likely to be Australian and Canadian... -
Forecasting Bank Earnings
Posted on June 5, 2010 | No CommentsForeclosure activity is crucial to the outlook for bank earnings. Mortgage losses will continue to be a growing problem for bank stocks in 2010. Since the suspension of mark-to-market accounting, banks have gained much more control over timing their credit losses, but they cannot get away... -
How to Dance Like a Zombie Bank
Posted on June 2, 2010 | No CommentsIn case you thought we’d already forgotten about the zombie banks here’s a new treat that just crossed our path. Somehow it’s nearly content-less, and yet shows the simple strategy adopted by governments in the event of uncertainty in the financial system: throw money at... -
Euro Drops 2 Cents on Bank of Spain Takeover
Posted on May 26, 2010 | No CommentsAs I was packing up to go home yesterday afternoon, the euro (EUR) had moved beyond 1.24, and I said, “I wonder what’s got the euro so perky this afternoon”… Well, that “perky” feeling the euro had at that time was wiped out and more...