By Mike “Mish” Shedlock Panic is spreading says Steen Jakobsen, chief economist at Saxo Bank. Steen eyes the perfect storm including a potential “Chapter 11” call for European banks. Via Email This...
Read MoreBy Lance Roberts of Streettalk Live Very quietly yesterday the amount of total public debt currently outstanding exceeded $15 Trillion Dollars. While that may or may not surprise some of you, it is an issue that we have been...
Read MoreBy EconMatters After MF Global went bust, most people believe it was an extreme “spectacular recklessness” under Jon Corzine, and that the U.S. banks should have only “moderate” European Exposure....
Read MoreBy Dr. Steve Sjuggerud (via Wall Street Daily) Note from Louis Basenese: For several months now I’ve been encouraging you to load up on dividend-paying stocks. If you failed to act on that advice, maybe today’s...
Read MoreBy Willem Weytjens When I was looking at some long term charts, I found out that the current situation for the SP500 is very similar to the situation in 2008.Check out the following chart below, and you will see why…...
Read MoreBy Frank Holmes Finding evidence to pop the talk of a gold bubble is much easier than finding a needle in a haystack. There are enough needles of evidence out there to fill a pin cushion. The latest Gold Demand Trends Report...
Read MoreBy Charles Rotblut ‘Ban the analysts!’ This is what European Union commissioner Michel Barnier recently suggested. Barnier proposed banning credit agencies from rating the sovereign debt of countries undergoing...
Read MoreBy Mike “Mish” Shedlock Explaining the recent selloff in Spanish bonds is easy: The bond market has finally come to grips with the idea there is no solution for Spain’s massive structural problems. Here is a...
Read MoreBy Central Bank News The past week in monetary policy saw just 6 central banks announcing interest rate decisions. Of those to change interest rates, Rwanda increased 50bps to 7.00%, while Belarus added 500bps to 40.00% as the...
Read MoreBy Frank Holmes Resurgent investment lifted global gold demand 6 percent from the previous year to just over 1,000 tons during the third quarter of 2011, according to the latest Gold Demand Trends Report from the World Gold...
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