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There has never been a time in financial history when anything close to this happened, including the 1930s. Nor was interest-free money for eight years running ever even imagined in the entire history of monetary thought.
We exist, beyond any shadow of any doubt, in an environment of absolute fakery where nothing is real… from the prices of assets to what's occurring here with regard to the big Wall Street banks, the Federal Reserve, interest rates
Scotiabank Warns "At Some Point 'The Future' Becomes 'Today'"
Following yesterday's Yen surge in the aftermath of the disappointing BOJ announcement, the pain for USDJPY long continued, with the key carry pair tumbling as low as 106, the lowest level since October 2014 before stabilizing around 107, and is now
With Japan closed, and unable for now to do more damage (or damage control), China stepped in with some modest turmoil of its own by strengthening the Yuan fix by the most since 2005, pressuring the USD weaker for the 5th day in a row. Commodities ha
Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the "weekend" for public workers to 5 days...
Their president(s) are mere figureheads, they resoundingly rejected the minimum wage yet workers are among the highest-paid in the world, they still value protection of personal banking information despite the US onslaught, and they hold strong to th
As Brandon Smith makes eloquent in this article, a global showdown is looming, and the long-standing alliance between the United States and Saudi Arabia is likely to be broken, as self-interest drives new alliances in the era of global SDR currencies
Venezuela's government has announced enforced leave for public sector employees three workdays a week, in a bid to tackle an electricity shortage that is causing power cuts and protests.
Venezuela's government has announced enforced leave for public sector employees three workdays a week, in a bid to tackle an electricity shortage that is causing power cuts and protests.
Last year, $674 billion fled China. This year through March, $175 billion did. The Institute of International Finance, in a report released today, estimated that $538 billion would flee China this year.
Those who thought the situation in Greece was solved after prime minister Alexis Tsipras suddenly caved in to creditors' demands need think again.
As China's credit fueled craziness rages on, individual "investors" have been tripping over themselves trying to get in on a piece of the action, opening up enough brokerage accounts for every man, woman, and child in LA and pouring hard earned money
It is very fitting that on today's April 28th anniversary of the bull market, the day that officially makes this the second-longest "bull market" in history, the market got a stark reminder of just how it got there: through constant and relentless ce
For the next two days, the Committee that controls the world will be huddled in the ivory tower known as the Eccles Building in D.C. There, ten people will tediously examine the data, look at the forecasts, and weigh options for an economy with a GDP
Japan has proven that decay can be stretched into decades, but it has yet to prove that gravity can be revoked by central bank monetary games.
Junk bonds are living up to their name right now. As we have noted in the past, the lowest-rated junk bonds may have inflated a $1 trillion bubble at the bottom of the debt market. The thing is, it never should have gotten that way.
CARACAS -- Fridges zapped off in kitchens across Venezuela as the government turned off the electricity supply to help ease a power shortage that is worsening the country's economic crisis.
The world's economic "canary in the coal mine" is stuck.
German finance minister Wolfgang Schaeuble believes banks are too overloaded in the sovereign debt of their own countries.
It was no mistake of history that China transformed from a Communist dictatorship into a neo-authoritarian Technocracy.
According to the United Nations Governing Council of the UN Environmental Programme (UNEP), "our dominant economic model may thus be termed a 'brown economy'."
After warning last year of a "practically unavoidable" hard-landing to come in China, George Soros unleashed his central-planner-crushing self last night on the great red ponzi.
Almost exactly one year ago, we wrote "Mario Draghi, Collateral Scarcity, And Why The ECB Will Soon Buy Corporate Bonds."
Earlier this week we described the personal come to non-GAAP Jesus moment of trading commentator Richard Breslow, who confessed in no uncertain terms that he has had it with endless central banking intervention:
While the robo-traders play tag with the chart points, it is worth considering how it will all end. After all, at today's close the broad market (S&P 500) was valued at 24.3X LTM earnings per share. That is, valuations are in the nosebleed section
the world into chaos. Central bankers are going to destroy the "enfeebled" global economy and cause chaos across the world, according to notorious perma-bear Albert Edwards. Edwards, a strategist with Societe Generale, is about as bearish as they
China is run by a communist party but its policies are increasingly mercantilist and reminiscent of European and US strategies. Whether the world is run out of Washington or Beijing, the economic, political and military approach is increasingly simi
Saudi Arabia is raising $10bn from a consortium of global banks as the kingdom embarks on its first international debt issuance in 25 years to counter dwindling oil revenues and reserves.
Euro Pacific Capital's Peter Schiff sat down with Alex Jones last week to discuss the state of the economy, and where he sees everything going from here.
