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Articles related to Sovereign Debt
 
Bill Downey - Commodity Trader
Central Banker meeting on Gold Friday 2 years to the week since gold crash of 2013
INTRA-DAY NEWSLETTER ~ April 16 2015 Charts and analysis follows commentary We have discussed many avenues on our website as to the coming liquidity squeeze.   The first clue to this is the soaring US dollar vs other currencies.    But as we have advocated, the real bubble and the burst coming is the global bond market as rates have reached by most measures, 300 year lows.  Cyprus was a trial balloon for a sovereign debt default of the banking system, and now the question of who will
Thursday, April 16, 2015
24hGold - Yahoo
GOLD 2:55 pm Central GoldTrust: Polar Securities shareholder group announces disagreement with ISS proxy firm analysis and recommendations
In economic data: Japan's March Household Confidence rose to 41.7 from 40.9 (expected 41.4) Singapore's March Trade surplus expanded to SGD8.63 billion from SGD5.18 billion (expected SGD 5.63 billion) ------ Japan's Nikkei declined 1.2% and closed near its low for the day in what was a steady and broad-based sell-off. The consumer non-cyclical (-1.3%), industrial (-1.2%), and consumer cyclical (-1.1%) sectors paced the retreat. Isetan Mitsukoshi Holdings (-9.2%), Alps Electric Co (-6.1%), J Fron
Thursday, April 16, 2015
Bullion Vault
Gold Price Hits 2-Year Euro High on ECB Decision Day as US Fed Members Argue Over Raising Dollar Rates
Gold Price Hits 2-Year Euro High on ECB Decision Day as US Fed Members Argue Over Raising Dollar Rates GOLD PRICE swings held in a tight $8 range around $1195 per ounce in London trade Wednesday, but for Euro investors the metal rose to halve this week's earlier 2% drop as the single currency fell following no change to the European Central Bank's policy of QE and sub-zero rates. After 10,000 people protested outside the European Central Bank's new Frankfurt offices when they were official
Wednesday, April 15, 2015
Phoenix Capital - Gains Pains & Capital
Central Banks Have Used Up All of Their Political Capital
Since 2008, the Keynesians running global Central Banks had always suggested that there was no problem too great for them to handle. They’d promised to do “whatever it takes,” to maintain the financial system and print the world back to growth. Thus far, we’d seen some pretty aggressive moves. The most aggressive was committed by the Bank of Japan, which announced a single QE program equal to 24% of Japanese GDP in April 2013. However, the SNB was the first Central Bank to actually reach the p
Tuesday, April 14, 2015
Michael Pento - Delta Global Advisors
3 Daggers for This Equity Bubble
The recent stock market volatility has caused the major averages to lose nearly all their gains for 2015. However, it is clear stock prices are still extremely overvalued by virtually every metric, especially when viewed in the absence of GDP and earnings growth. For starters, the Cyclically Adjusted PE Ratio on the S&P 500 is currently 27, whereas the normal level for this longer-term valuation metric is just 15. Also, the ratio of Total Market Cap to GDP is currently at 125%. This re
Monday, April 13, 2015
Nathan Lewis - New World Economics
The Greek Government's Revenue Would Rise -- Immediately -- After Tax Reform
. Yes, you could name a dozen other factors that help, but what we find in practice is that, if taxes are low, then things tend to work out well no matter what the situation is regarding these other factors. We also find that these other factors also tend to improve along the way, because any government that is serious enough to engage in major tax reform is also serious enough to address other issues that arise. If taxes are high, not only does this depress pr
Monday, April 06, 2015
Michael J. Kosares - USA Gold
Reflections in a Golden Eye - Rejection, repatriation and redemption in the gold market
Gillian Tett (Financial Times): "Do you think that gold is currently a good investment?" Alan Greenspan (private citizen): "Yes. Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it." – Council on Foreign Relations meeting, November, 2014 OPINION Reflection #1 Caveat venditor Let the seller beware! The German citizen/investor who put away a few rolls of 20 mark gold coins (.
Monday, March 30, 2015
Nathan Lewis - New World Economics
  Greece Needs the Magic Formula to Become the Wealthiest Country in the Eurozone
If your only ambition is to go from terrible to mediocre — to get your country off the international business pages so it can suffer in anonymity — then you can perhaps argue that most things can remain the same, and all you need is a few small tweaks to the existing status quo. In actual practice this usually doesn’t work, and not even mediocrity is achieved, but the idea seems plausible. But, if your ambition is a little higher, it soon becomes obvious that doi
Monday, March 30, 2015
Jeffrey Lewis
Shark Infested
The top two questions people ask me when they learn that I’m a northern California surfer, are1) whether I’m afraid of sharks or, 2) isn’t the water cold? The answer is yes to both.Of course I’m afraid of natural born killers the size of small cars lurking beneath the murky surface in the ocean while I am floating on a thin layer of fiberglass wearing what might as well be a wounded seal suit three quarters of a mile from the shore. Who wouldn’t be?So, why do it? Because the odds are very low th
Friday, March 27, 2015
24hGold - MarketWired
Crown Point Provides Operational Update on its Tierra del Fuego Concessions in Argentina
CALGARY, ALBERTA--(Marketwired - Mar 26, 2015) - Crown Point Energy Inc. ("Crown Point" or the "Company") (TSX VENTURE:CWV) today provided an operational update regarding the results of its ongoing development, exploration and recompletion program at its 25.78%-owned Tierra del Fuego ("TDF") Las Violetas concession in Argentina. Crown Point also provided updates on other TDF operations, including the recent commencement of an additional three well drilling program on the Las Violetas co
Thursday, March 26, 2015
24hGold - Yahoo
Why the Brazilian Government’s Debt Has Surged over the Years
Some Ingredients are Missing for a Turnaround in Brazil (Part 5 of 6)(Continued from Part 4)Debt. Consumers, as well as the government, are borrowing more amid weakened economic conditions. Gross debt for Brazil is now around 64% of its gross domestic product. The burden is even more problematic if you consider the country’s high interest rates—the policy rate was just raised to 12.75%, one of the highest among major economies—which dramatically increase the costs of servicing debt. The credit r
Wednesday, March 25, 2015
Mark O'Byrne - gold.ie
Gold Rises For Fifth Day – 2 and Half Week High
- Leading think tank forecasts strong economic growth in Ireland, ignores global risks - Impact of Euro zone debt crisis and global geopolitical risk underestimated  - Global macro-economic, systemic, geo-political and monetary risks largely ignored  - Risk that lulls politicians, investors and people into false sense of security … againIreland’s leading economic think tank, the Economic and Social Research Institute (ESRI) has issued its latest quarterly report in which it forecasts that the st
Wednesday, March 25, 2015
Julian D. W. Phillips - Gold Forecaster
Gold & Silver Market Morning
Gold Today -New York closed at $1,193.70 up $3.10. Asia held it at $1,192 before London opened, where it held that level up until the "LBMA Gold price" setting. It was set at $1,192.55 down $0.65 which was the euro equivalent of ?1,085.57, down ?1.18. Ahead of New York's opening, gold was trading in London at $1,194.40 and in the euro at ?1,087.55.Silver Today - The silver price closed at $17.00 down 6 cents. Ahead of New York's opening it was trading at $17.00.Gold (very short-term) The gold pr
Wednesday, March 25, 2015
John Rubino - Dollar Collapse
We're All Hedge Funds Now, Part 2: Tech Startups and Nigerian Bonds
Watching formerly risk-averse investors adapt to a negative interest rate world is almost as much fun as watching Europe try to keep Greece and Germany in the same financial family. In each case, success depends on all the parties becoming something they really don't want to be. On the negative interest rate front, consider this from yesterday's Bloomberg: No Risk Too Big as Traders Plot Escape From Negative Yields Norway's $870 billion sovereign wealth fund said this month th
Tuesday, March 24, 2015
Jeffrey Lewis
War: What is it Good For?
War delivers us from this state of limbo, toward the rebirth of sound money and economics. Sadly, war may be the ultimate distraction that finally breaks the political landscape wide open and shatters these broken institutions and power centers once and for all. It isn’t right but it’s almost inevitable. War will be the final political justification for the financial elite to go full-retard in trying to save their system. Most people will gladly let them do it. War can be personal in a way that
Monday, March 23, 2015
Phoenix Capital - Gains Pains & Capital
How Governments Worked WIth the Banks to Create the $555 Trillion Interest Rate Bubble
The big story in the world is the bond bubble. For over 30 years, sovereign nations, particularly in the West have been buying votes by offering social payments in the form of welfare, Medicare, social security, and the like. The ridiculousness of this should not be lost on anyone. Politicians, in order to be elected, promise to allocate taxpayer funds on social programs that will benefit said taxpayers down the road (we’re simply talking about social spending, not infrastructure or other cost
Saturday, March 21, 2015
Chris Powell - GATA
Low rates will trigger civil unrest as central banks lose control, BIS says
Low inflation, bond yields, and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned. The Swiss-based "bank of central banks" said the "sinking trend" of global rates would push countries further into uncharted territory. It highlighted that $2.4 trillion (L1.6 trillion) of long-term global sovereign debt was now trading at negative yields, wi
Thursday, March 19, 2015
Phoenix Capital - Gains Pains & Capital
Greece is Just the Tip of the Iceberg for the $100 Trillion Bond Bubble
Greece, as a country, represents 2% of Europe’s GDP.  The country lied in its financial to enter the EU. Since that time, it’s been officially bankrupt since 2010.  The country has since gone through a series of “bailouts” and experienced a 25% collapse in GDP (roughly equivalent to what Argentina experienced in its 2001 implosion). And yet, despite all the bailouts and claims that Greece was “fixed,” the country is set to default on some of its debt this Friday. How on earth does this farce
Thursday, March 19, 2015
Andy Hoffman - Miles Franklin
THE FINAL PHASE OF MANIPULATION, CORRUPTION, AND IDIOCY
With each passing day, a greater share of the world’s 7.3 billion denizens are succumbing to the political, economic, financial, monetary, and social horrors of history’s largest fiat Ponzi scheme. After 44 years, it has enveloped all aspects of our existence, leaving a handful of sociopaths controlling our collective fate – and making it significantly worse with each disastrous decision. Everywhere one looks – from Asia, to Europe, Africa, Australia, and the Americas – living standards are weak
Wednesday, March 18, 2015
Michael Pento - Delta Global Advisors
Beware of The Inverted Yield Curve!
In the movies, an edgy musical score is an effective tool that warns the audience something really bad is about to happen. Like the shrill screech in Psycho, certain sound effects forebode impending doom. In like manner, economics also has a similar warning sign of imminent market chaos. This omen is called the inverted yield curve. And it's no coincidence that the last seven recessions have been preceded by this ominous predictor of economic and stock market disaster. The yield curve
Monday, March 16, 2015
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