Zimbabwe’s tentative return to its own currency is getting a hostile reception from citizens, who fear a recurrence of the 500 billion percent inflation that plagued the southern African nation before it abandoned its dollar seven years ago.
As an economic term, “inflation” is shorthand for “inflation of the money supply.”
They see no problem with borrow more each year when they have absolutely no intention of ever paying anything off. Deficits have become an intractable part of government while nobody bothers to address it.
We are about to start a painful learning process about what is "impossible" and what is inevitable.
Italy’s Banking Crisis : The art of Making Bad Debt Disappear.
With all the surprising and/or disturbing things going on - Brexit, China's soaring debt, US/Russia/China saber rattling, the, um, unique US presidential race, the cyber attack that shut down big parts of the US Internet
The IMF reported last week that global debt hit a record $152 trillion. I’m old enough to remember when a million was a lot, and in the past two decades […]
Japan is readying for helicopter money. US to hit recession and Europe and EM will follow
This five minute excerpts covers some of the main points, including the cause of the 2008 crisis, and why mainstream economists missed it; why the economy is moribund today;
China’s currency, the Chinese Yuan, remains pegged to the US Dollar. So when the US Dollar strengthens, the Chinese Yuan strengthens to. For an economy as rife with garbage debt as China (shadow banking debt is over 200% of GDP), this is a DISASTER. With that in mind, consider that
The German Federal Foreign Office is set to open up a public debate on the future of the EU in a bid to secure the union's future; financial crisis, refugee influx and the shock from the Brexit referendum has sent the block into "violent turmoil" which might end up with its collapse, according to German FM Frank-Walter Steinmeier.
Long-depressed commodity prices are set to finally head higher for two reasons, said Marc Faber, the publisher of the Gloom, Boom & Doom report.
With real safe rates of return exceptionally low and not expected to rise soon, interest rates should be expected to stay exceptionally low during the forecast horizon
The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia & Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States. Australian cotton trader Brighann
As biological organisms, humans are motivated by pain and pleasure.But interestingly, while we tend to think of these as equal motivators, they aren't.
Her interest in running a "high-pressure economy" threatens to add to an increasingly divisive climate at the U.S. central bank.
While PM May tries to head off a constitutional crisis
Keep an eye on depressed lenders, shadow banks, and China.
The Newest Member of the SD Team Joins Us This Week As We Break Down Gold & Silver Just Ahead of the US Election: Eric Explains Why We Bottomed In […]
As we've been monitoring all year, the total amount of gold allegedly "delivered" through the Comex has soared in 2016. This is simply another anecdotal data point of gold demand […]