Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt.
Investors will gauge the strength of the euro zone's fragile economy this week as escalating conflicts in Ukraine and Iraq darken the mood globally.
As a small addendum to our previous post on the market situation, here is a chart recently posted by the "Short Side of Long". It shows the cash allocation reported by AAII, which surveys retail investors.
When we first brought the market's attention to high-yield credit's flashing red warning, it was shrugged off as unimportant by most -
The last 3 months have seen Russia's "de-dollarization" plans accelerate.
The answer to that question is it's not very far down the road, and I can promise you that is when all hell is going to break loose."
In response to Russia Fires Back With More Sanctions: NASA, Pepsi, McDonald's, Autos in Spotlight a close friend responded "It's a small price to pay to counter naked aggression."
The Silk Road: The Rise and Fall of the World's Largest Online Black Market.
Meanwhile, Euroclear (Europe's DTCC) Warns That It, Too, Engages in Fractional Reserve Banking Without a Reserve Requirement
MOSCOW (Reuters) - Russia will ban all imports of U.S. food products as well as fruit and vegetables from the European Union after President Vladimir Putin ordered retaliation for Western sanctions against Moscow, a state news agency reported on Wedn
The American foreign policy elite should learn something from the recent humiliating evacuation of the U.S. embassy in Tripoli, Libya ? amid the chaos of tribal civil war in that country ? but probably won't.
As we warned previously, it appears Russia is stepping up its sanctions-retaliation confirming its threat that "US will feel tangible losses."
And the Beat goes on...
The Daily Bell is pleased to present this exclusive interview with Marc Faber
But but but... the crisis is over and Europe is recovering?
Ecuador recently passed an economic reform bill which will create a new state-run crytpocurrency.
Alongside Argentina, Moody's currently lists 10 other countries with a rating of Caa1 or worse. A Caa1 rating is several notches below Ba1, which still carries substantial credit risk. These are the 11 countries at risk of default:
Energy taxes in much of the world are far below what they should be to reflect the harmful environmental and health impact of fossil fuels use, the International Monetary Fund said in a new book on Thursday.
Buenos Aires (AFP) - The country officially went into default Wednesday night after the failure of 11th-hour talks with two US hedge funds that refused to accept a write-down on their Argentine bonds.
Argentina has blamed the US for its debt default, calling the mediator in failed talks "incompetent". Cabinet Chief Jorge Capitanich said his country was considering opening proceedings at international tribunals in The Hague
Argentina's economy minister Axel Kicillof has returned to the negotiating table in a last-ditch attempt to prevent the country defaulting on its bonds. Mr Kicillof's talks with "hold-out" investors ended without agreement.
In recent years, immigrants, both legal and otherwise, have overwhelmed Austria. It's easy for citizens of EU countries to relocate to, and work in, the country. Thousands of people from the newest EU members – Romania and Bulgaria – now make their h
If Venezuela is the case study of a country in the late stages of transition into a socialist utopia, then France is the clear runner up.
"It's a troubling continuation/expansion of trade as a geopolitical tool," warns one Washington-based consulting firm as Russia prepares to unleash retaliatory actions to US and European sanctions.
In the event of the insolvency of the Euroclear operator, Euroclear participants would have a right under Belgian law to the return of the amount and type of interests in securities credited to their accounts with the Euroclear operator.
Having $50 billion of assets under potential seizure is enough to make anyone whince. However, despite a quickly worded statement on the Yukos award, Vladimir Putin seems less than anxious to find a resolution. We think we know why, and it's very con
Israeli officials are making much of the "terror tunnels" coming out of the Gaza Strip into neighboring Israel and Egypt, and presenting the countless number as proof of Hamas' aggressive intentions toward the two nations.
Although Fed Chairwoman Janet Yellen said nothing new in her carefully manicured semi-annual testimony to Congress last week, her performance there, taken within the context of a lengthy profile in the New Yorker (that came to press at around the sam
South American Country Could Default as Early as Next Week.
(Reuters) - Argentina looks set to default on its debt for the second time in 12 years next Thursday as negotiations with "holdout" investors seemingly go nowhere and neither side shows signs of blinking first, though a last minute deal can't be disc