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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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Banks Archive
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Central Banks Diversify
Posted on July 12, 2010 | No CommentsOK… Well, thanks to Chris for taking over the Pfennig on Friday. I was busy with other things for the day. I sent a note to Chris Friday morning about the Canadian Job report, and he replied that he had already written about it! WOW!... -
Avoid Banks Stocks
Posted on July 7, 2010 | No CommentsCredit risk always seems to come out of nowhere. But usually it comes out of somewhere…like the dirty, little recesses of a bank’s balance sheet – the places where bankers hide all their unrecognized losses. Ever since the suspension of rigorous mark-to-market accounting rules one year... -
Global “Pawn Shop” Loans Central Banks Cash for Gold at Record Rate
Posted on July 7, 2010 | No CommentsThe gold price level has pulled back of late and there’s a new reason to explain the move. Commodity Online suggests the price of gold could be taking a hit from the record rate at which the Bank for International Settlements (BIS) has been growing... -
Governments and Banks Making Sure Everyone’s Underwater
Posted on June 16, 2010 | No CommentsIt seemed simple enough… “bailing” out a few megabanks to keep the entire financial system afloat. And yet, it turned out to be not so simple to save the world. Instead, global governments may have only managed to flood their own balance sheets with bad...