Weekly Market Update
Market Action The British Pound continue its slide this past week. At one point dropped below $1.20. The fact that the British government may be preparing for a hard exit – which the Financial Times estimate could cost her between £20-40 billion – seems to be main...Hyperkinesis and Financial Ecology: The EU and a Lesson from the Kudzu Weed
The markets seem to be suffering from hyperkinetic activity generated from too much kudzu collateralization, securitization, credit overextension, and central banking intervention. This has resulted in impulsivity across credit markets and the result is a form of...Weekly Market Update
Market Action The IMF’s Global Financial Stability Report indicates that the one of the biggest dangers now is bank profits. Comex gold dropped significantly on Wednesday. Barrick, Freeport-McMoRan, and Goldcorp all reported bad news that day. Deutsche Bank...Complacency, Deflationary Bulls, and Inflationary Bears: Japanification in an Era when the Enemy of my Enemy is Still my Enemy
Lack of foresight is not a tactical mistake. It is a dangerous strategic error whose price is paid mainly by innocents over a long period of time. In April 1917, the government of Germany found an “ally” in the person of Vladimir Lenin. Lenin wanted to overthrow the...Market Action Energy shares led the market this week, rising over 4% thanks to news that OPEC agreed to broad principles of a production cut. The cartel will target a range of production and final details will be worked out in November. The U.S. Department of Justice...
Sign Up for Our Publications
