By Simon Black If there were ever any doubt about how completely RIGGED the banking system is against depositors, allow me to introduce the following: Exhibit A: Governments are working to make banks LESS safe Yesterday an unelected bureaucrat that no one has ever heard ofmade a stunning announcement that has sweeping implications for anyone with a bank account. Dombrovskis is …
One Man’s Opinion: Yellen Says Fed Buying Stocks Is “A Good Thing To Think About” And Could Help In A Downturn
By ZeroHedge Having hinted overnight that The Fed could buy stocks “maybe in the future,” Janet Yellen blurted out confirmation that buying assets other than long-term U.S. debt is on the table. Despite the total and utter failure of SNB and BOJ direct equity buying to create increased consumption, Yellen explained “it could be useful to be able to intervene …
One Man’s Opinion: Euro “Might Start To Unravel” If Collapse Of Deutsche Bank
By ZeroHedge The euro “might start to unravel” if Deutsche Bank collapses according to respected financial journalist Matthew Lynn. “It all has a very 2008 feel to it …” he warns in the Telegraph where he outlines his growing concerns about Deutsche Bank, concerns we have written about in recent months. He writes: Our image of German banks, and the German economy, as completely …
One Man’s Opinion: Traveling Circus
Submitted by Paul Brodksy After Wednesday’s policy statements by the Fed and Bank of Japan, a harsh light is being shined on the incredible nature of their communications. It would be wise in the current environment to structure investment portfolios with a pro-volatility bias. Central banks in G7 economies have been carrying a heavy load for a very long time, …
One Man’s Opinion: Welcome To Fantasy Land
By Peter Schiff via Euro Pacific Capital For years I have argued that ultra-low interest rates act more as an economic sedative than a stimulant. This idea has elicited laughter from the economic establishment. But it is becoming clearer that rates set by central banks that are far below the levels that free markets would have otherwise determined have dragged …
One Man’s Opinion: Investors Are Sticking With Pavlov’s Dog Until Everything Breaks
By Zero Hedge Remember when “bad news is good news” first leapt into common parlance? At first it was used as a way to describe the reaction function of Fed policy-makers. It was taken as a cute turn of phrase in encapsulating the state of the world. Over time, as Bloomberg’s Richard Breslow explains, it’s morphed into an ugly and …