by Jack the Pipper | 1 year ago | 10:09 AM | 30 Nov 2011
Risk assets love this news this morning. The euro is jumping and stocks are rocking and rolling...good for financial market players, but we've seen this before--credit thrown on top of credit to solve a problem that was caused by too much credit in the first place.… More…
by Jack the Pipper | 1 year ago | 10:21 AM | 25 Nov 2011
We have been saying for years now that Germany is sucking the wind out of Europe. But, then again that should be a surprise to exactly no one who ever bothered to consider the initial structure of the so-called common monetary union.… More…
by Jack the Pipper | 1 year ago | 11:49 PM | 24 Nov 2011
The cover story was basically a one-question poll of some of the world's most popular, and dare I say respected, economic and financial minds. With the exception of a few details, the questions and answers still apply today.… More…
by Jack the Pipper | 1 year ago | 10:26 AM | 23 Nov 2011
Self-reinforcing downside of G-3 feedback loop being driven by the Double-Ds of Deflation - deleveraging and falling demand… More…
by Jack the Pipper | 2 years ago | 10:47 AM | 21 Nov 2011
You remember the old lawyer joke: Why do researchers prefer to use lawyers instead of rats in laboratory experiments? Because there are certain things rats won't do! … More…
by Jack the Pipper | 2 years ago | 10:59 PM | 14 Nov 2011
Each time I think the eurozone is backed into a corner, it manages to find a new corner through the magic of political persuasion and a market belief in financial engineering. Or a simpler summary may suffice: Leaders in the eurozone continue to pull rabbits out of their hat. But even rabbits can reproduce only so fast!… More…
by Jack the Pipper | 2 years ago | 4:01 PM | 11 Nov 2011
Italy to vote on cuts, US applies pressure: Italy's Senate is set to vote on austerity measures demanded by the European Union to avert a euro zone meltdown, after U.S. President Barack Obama ratcheted up pressure for more dramatic action from the currency bloc.… More…
by Jack the Pipper | 2 years ago | 1:49 PM | 09 Nov 2011
If you're not familiar with the term, I cannot take credit for it. Paul Krugman deserves the accolades for 'confidence fairy.'… More…
by Jack the Pipper | 2 years ago | 11:03 AM | 07 Nov 2011
You know how gold is supposed to work, right? It maintains its value over time, despite the rampant central-bank-induced inflation of fiat money, right?… More…
by Jack the Pipper | 2 years ago | 9:11 PM | 03 Nov 2011
It is sad to see how easily just one hubris-filled hack can so easily devastate a company. At least now we have a new term to add to the financial world's expanding lexicon of ugliness.… More…
by Jack the Pipper | 2 years ago | 11:23 AM | 02 Nov 2011
Boy oh boy can copper move fast. It can also change directions rather sharply. And that doesn't usually make for a settling combination.… More…