Contra Corner is not about investment advice, but its unstinting critique of the current malignant monetary regime does not merely imply that the Wall Street casino is a dangerous place for your money.
The word has finally come down from inside the ever-so-restrained People's Bank of China: One member of the bank's monetary policy team told Reuters that no major intervention would be taken to pump more cash into the slowing Chinese economy unless i
With German media asking "who is more dangerous for us? Greece or Russia," recent actions by both 'antagonists' in that question suggest they may become one and the same sooner than many expected.
"Using this figure and black-market exchange rate data that the Johns Hopkins-Cato Institute for Troubled Currencies Project has collected over the past year; I estimate Ukraine's current annual inflation rate to be 272 percent ?" and its monthly
One of the assumptions of the eurozone – those 19 countries in Europe that use the euro as their national currencies – is that if any country left the zone, economic disaster would follow in its wake.
IN LATE February, as Greece's new prime minister, Alexis Tsipras, reversed a crucial campaign pledge and infuriated his left-leaning Syriza party by asking for a four-month extension of the country's hated bail-out, there was little sense of cris
Winston Churchill once said, "I feel lonely without a war." He also badly missed the loss of empire. Churchill's successor - the "Empire of Chaos' - now faces the same quandary. Some wars - as in Ukraine, by proxy - are not going so well.
When I arrived to Bangkok the other day, coming down the motorway from the airport I saw a huge billboard - and it floored me.
It means that China is literally advertising its currency, and it's making sure that everyone landing...
China's Real Property Problem ... As China slows down, leaders in Beijing are understandably turning to one of their favored growth stabilizers: housing.
One of the biggest question marks surrounding the Greek negotiation and ultimately, bailout extension, was just how panicked was the Greek population and domestic corporations.
With Prime Minister Yatsenyuk putting his foot down and squeezing the central bank to lift capital controls, Ukraine's currency is totally collapsing this morning.
With production and inventories at record levels despite the total collapse in rig counts, all eyes remain on Bake rHughes data for any signal the algos can use to mount a run.
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