Big banks—mega-banks—arguably deserve a large portion of the blame for the 2008 financial crash. Their risky behavior put the entire global economy in jeopardy, requiring a massive bailout and years of ongoing stimulus to attempt to set things right. But despite the vows of “never again” from those in positions of political and economic power, banks today are even fewer and even bigger than they were in 2008.
Market Commentary Blog
Dec 04 2013
On September 12, we re-blogged Iori Mochizuki in What's The Fukushuma 311 - Japanese National Now Reporting from Romania, where we find a volcanic passion to do what is right, and we showed what was at the time, a newly smoking volcano on the Pacific Ring of Fire.
Now the same volcano, Russia's Klyuchevskoy, north of Japan, has just sent a pillar of fire 1000M into the sky:
Nov 29 2013
Gold jewelry is not generally considered an appropriate investment mainstay, due to the fact that the buyer typically pays a high premium over the price of the gold for the workmanship that goes into transforming gold into jewelry, and because the quality of the gold in jewelry varies widely from piece to piece.
Of course, there are exceptions to every rule: if one were able to purchase gold jewelry at near the spot of the gold it contained, and if the quality of the gold it contained were guaranteed, then the value of gold jewelry as an investment would be sound. Fortunately, that type of gold jewelry investment product is now available. Even more serendipitously, the fashion world has recently embraced the chunky gold chain as the “now” jewelry statement.
Nov 28 2013
How does the Federal Reserve Bank (Fed) taper quantitative easing (QE), to aid the "take away?"
How does the Fed raise rates, and regain control over the short interest rates heading subzero, while better focusing credit on prices planners prefer manipulated... In turn, manipulating expectations, and in turn, human action?
How does the Fed continue QE indefinitely, while varying pace to meet their needs?
We have seen "many" officials at the Fed want to formally allow an unlimited amount of deposits to earn a rate fixed from the Fed (likely starting near 0.16%), in turn the market gains Fed-owned Treasuries or mortgage backed securities, causing two of 4 formerly clogged conduits of credit to soon flow:
1. As Fed's Treasuries rise, they can be sent back into the market to displacing demand in reuse, where multiple cash loans can be made against the same collateral type (increasing propensity to lengthen collateral chains, or create new ones as Fed's collateral (Treasuries) becomes a known quantity).
Nov 22 2013
The ink was still wet on U.S. President Barack Obama’s signature signing the Dodd-Frank Wall Street Reform and Consumer Protection Act into law in July 2010 when the wrangling began over how and how much to clamp down on trading by federally insured banks. Even though the financial reform act was passed, the devil is in the details of how regulators will actually implement it.
Nov 16 2013
Janet Yellen, soon to be the head of the privately-owned Federal Reserve Bank (Fed), isn't revealing much on the truth about interest rates. But there was a thread to pull on.
This piece unravels multiple deceptions.
If you agree this information is stunning, and quite different than what is read commonly in the media, please share it with those you care for, and sign up for our weekly letter.
From Janet Yellen’s April 4 speech, 2013: