Tag Archives: collapse
Should You Buy the Dip?
Something remarkable happened yesterday [Thursday]. Stocks didn’t go up. They went down…and they went down a lot. The S&P 500 dumped 5.89 percent. But that was nothing. Gannett Co. crashed 29.5 percent, Noble Corporation plunged 25.51 percent, and Denbury Resources dropped 23.65 percent. Should you buy the dip? Continue reading
The Triumph of Madness
Rudolf von Havenstein had been president of the Reichsbank – the German central bank – since 1908. He knew the workings of central bank debt issuances better than anyone. He was good at it. Continue reading
The Impulses of Lunar Fed Policy Under Repo Madness
The Fed, through its repo madness program, has supplied financial markets – including big banks like JP Morgan – with mass liquidity. But that’s not all. The Fed’s also supplied financial markets with a highly tenuous assumption: The Fed will never allow the lack of liquidity of a major debtor to become an insolvency crisis that contracts the money supply. This assumption, without question, will be proven false at the worst possible time. Continue reading
Banana Republic Money Debasement In America
There are many falsehoods being perpetuated these days when it comes to money, financial markets, and the economy. But when you cut the chaff, three related facts remain: Uncle Sam needs your money. He needs a lot of your money. And he needs it bad! Continue reading
