Financial

By George Washington Excessive leverage by the banks was one of the main causes of the Great Depression and of the 2008 financial crisis. As such, lower levels of “fractional reserve banking” – i.e. how […]

By The Automatic Earth   Russell Lee Love Shack, South Side Chicago April 1941 I’m not going to argue here that a market collapse would be a positive thing no matter what, because the implications […]

By Mark O’Byrne Today’s AM fix was USD 1,302.00, EUR 938.45 and GBP 772.79 per ounce. Friday’s AM fix was USD 1,294.25, EUR 934.88 and GBP 769.38 per ounce. Gold climbed $9.80 or 0.76% on […]

By Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter It has been a feeding frenzy for junk debt. Yield-desperate investors, driven to near insanity by the Fed’s strenuous interest-rate repression, are holding their noses and closing their eyes, and […]

By Tyler Durden What a better way to celebrate the rigged markets that are telegraphing a “durable” recovery, than with a Credit Suisse report showing, beyond a reasonable doubt, that when it comes to traditional […]

By The Automatic Earth Detroit Publishing Co. Nightfall on the Ohio River at Cincinnati 1910US President Barack Obama begins a three-day visit to Japan on Wednesday. As for what he’s going to be talking about, […]

By Dan Weil and Michelle Smith Demand for rental housing has soared over the past seven years, and that has pushed rents higher than many middle-class Americans can afford to pay. A rule of thumb […]

By Alasdair Macleod Many decades of Keynesian-inspired economic and monetary corruption have left advanced economies with a legacy of debt and low savings. In a nutshell, that is the problem which is driving us into […]

By Greg Hunter By Greg Hunter’s USAWatchdog.com Best-selling author Nomi Prins warns, “Never before have the Government and the Fed collaborated so extensively by propping up the banking system to the detriment of the population.”  […]