Greece Has Less Than One Week of Cash;
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Another DOA Proposal Discussed Thursday; Exceptional Game Playing
In NYT Op-Ed, Yanis Varoufakis Says Greece Is Not Bluffing, "Will Not Cross Red Lines It Has Drawn"
HSBC Bank : Secret Origins To 26/11 Mumbai Attacks
This is just the beginning of the oil crisis.
Last week, the Swiss National Bank broke rank by not only lying to the public - but by lying to their Central Banking cohorts.
"I constantly feel inadequate, which may be what drives me," Kyle Bass tells Raoul Pal in this excellent discussion between two of the world's foremost (non-status-quo-hugging everything-will-be-fine) market practitioners.
Few people understand the global economy and its (mis)management better than David Stockman
Here is a flashback to Mike Maloney's speech at the 2010 Russian Banking Conference in Sochi, Russia. Although the predicted move in oil took longer than anticipated, it is playing out nonetheless.
On a Wednesday evening around 30 pensioners have gathered for a meeting in a long, brightly lit room in a largely abandoned shopping gallery in Santa Teresa, a rundown and overcrowded district in the centre of Caracas.
On a Wednesday evening around 30 pensioners have gathered for a meeting in a long, brightly lit room in a largely abandoned shopping gallery in Santa Teresa, a rundown and overcrowded district in the centre of Caracas.
World's Largest Shipbuilder Reports $3 Billion Loss As Baltic Dry Index Hits New Record-er Low
Greece has two major financing problems. One is long-term, the other happens right now.
Final Exam Crunch Time
The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And "fratricide" is precisely the right descriptor because in this battle there are no white hats or black hits---just statists.
Some bad news for people in Somalia who rely on monetary remittances from America--and that's a lot of people: Merchants Bank of California is expected to close the accounts of all Somali-American money transfer companies on its books.
Nick Giambruno: Welcome, Jim. As you know, Doug Casey and I travel the world surveying crisis markets, and we always like to get your take on things.
The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And "fratricide" is precisely the right descriptor because in this battle there are no white hats or black hits---just statists.
Perhaps the most curious aspect of this, third, Greece ""exit crisis, is just how completely unnoticed it has gone by the capital "markets", or rather non-Greek capital markets.
"If Nobody Flinches, the Euro Will Collapse and Trillions upon Trillions in Derivatives Will Be in Jeopardy"
For the past two weeks, I have focused on the growing fragmentation of Europe. Two weeks ago, the murders in Paris prompted me to write about the fault line between Europe and the Islamic world. Last week, I wrote about the nationalism that is rising
Equity markets cling to hopes of agreement with Greece, rhetoric from Germany is anything but encouraging.
With crude oil prices collapsing and small American oil producers faced with grim choices for survival, the Darwinian nature of commodity market cycles rears its head, dictating that only the fittest will survive--and only the fittest of the fittest
A columnist for Russia's Vedomosti newspaper, a joint venture between the Financial Times and The Wall Street Journal, has advised readers to pull their savings out of banks and convert them into physical dollars.
The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they've dared to speak the truth.
At 559, The Baltic Dry Index (having now dropped 46 of the last 50 days and 12 days in a row) is just 5 points above its all-time record low from 1986.
"We Just Need To Print More Money" Bank Of Japan's New Board Member Clarifies Endgame
"This is further evidence that they are hellbent on protecting their market share in China,"...
Update: And now this: "Moody's places Greece's Caa1 government bond rating on review for downgrade"
Bloomberg News finally did something useful this morning by publishing some startling graphs from McKinsey's latest update on the worldwide debt tsunami. If you don't mind a tad of rounding, the planetary debt total now stands at $200 trillion co
This just about sums it all up...