David Gordon Mervyn King is the British Ben Bernanke. An eminent academic economist, who now teaches both at New York University and the London School of Economics, King was from 2003 to 2013 Governor of […]
by Tyler Durden Hot on the heels of China gold import restrictions, and India’s demonetization and gold confiscations, The European Commission proposed tightening controls on cash and precious metals transfers from outside the EU under […]
Source: Federal Deposit Insurance Corporation By Pam Martens and Russ Martens: December 27, 2016 In 1934 the U.S. had 14,146 commercial banks holding insured deposits. By 1985, that number had barely budged, standing at 14,417. […]
The Heisenberg Follow(3,836 followers) Currencies, macro, commodities, geopolitics Send Message | The Heisenberg Report Summary Keeping track of the multitude of problems facing the Chinese economy and financial system is a full-time job. But keeping […]
by Tyler Durden Submitted by John Mauldin via MauldinEconomics.com, When Charles Gave, paterfamilias of Gavekal, chooses to express displeasure over an economic trend, an asset class, or what have you, he does not exactly mince […]
by Tyler Durden On Sunday, when we previewed the latest last-ditch effort to rescue Italy’s third largest bank when Monte Paschi launched a 4-day attempt to sell €5 billion in equity to anchor and retail […]
Mac Slavo Being on the hook is not going to be pretty when interest rates are raised back up, and debts come due. At a personal level, it will mean more stress and juggling to […]
By ROBERT ROMANO “We’ll look at potentially extending the maturity of the debt, because eventually we are going to have higher interest rates, and that’s something that this country is going to need to deal […]
It’s rare for the world to worry about Italy. But Sunday’s referendum has the global Establishment on the edge of its seat. The worst case scenario — from the Establishment point of view — is […]
A visualization of the extreme plight of the saver by Adam Taggart As the dust settles from the recent presidential election, it’s becoming clear that a large part of the sentiment behind the vote for […]
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