The Obama Administration thus far has proven itself in favor of increased Government control and Central Planning. That is, the general trend throughout the last four years has been towards…
Spain continues to heap one impossible idea on top of another. The latest “plan” consists of Spain creating a bad bank called SAREB that will buy up bad assets in…
Looking around the economic and financial world today, I see countless negative developments and virtually no positive developments to speak of. Just off the cuff, I note that: China is…
Since the Financial Crisis erupted in 2007, the US Federal Reserve has engaged in dozens of interventions/ bailouts to try and prop up the financial system. Now, I realize that…
My prediction regarding the breakup of the EU was obviously way early. However, the fact remains that the EU will break up in time. And it will likely be Spain…
I realize that the situation in Europe can be very confusing. Aside from the fact that we’re dealing with over 20 different countries all with their own respective economies and…
As noted earlier in yesterday’s article, the entire European banking and corporate system is over-burdened with debt. Germany sports a real Debt to GDP of over 200% (this from the…
Europe is heading into a full-scale disaster. You see, the debt problems in Europe are not simply related to Greece. They are SYSTEMIC. The below chart shows the official Debt…
Quite a few articles have been written about the importance of owning Gold and other precious metals as a means of maintaining one’s wealth in the face of rampant money…
For the last year, I’ve steered clear of commenting on the US Presidential election for the simple reason that I wanted us to be closer to the actual date before…
As I noted previous articles, Spain has essentially three options: 1) Spain goes the “Greek route” of agreeing to austerity measures in exchange for bailouts (which will implode the economy).…
While the media world is abuzz with last night’s Presidential debate, I’d like to cut through the noise and present you with two truly staggering facts that need to be…
We’re introducing a new component to Gains Pains & Capital: politics. While I’ve stayed out of commenting on the US Presidential elections and politics in general for the most part,…
The markets roared from June to September, ever Fed mouthpiece Jon Hilsenrath of the WSJ penned an article calling for more QE in June. Fast-forward to mid-September and the Fed…
Is China an economic miracle, or one massive Government-sponsored fraud? History has shown us countless times that centrally-‐planned, command style economies do not produce long-term economic growth. We’ve seen this…
Spain was already experiencing a banking crisis as well as a sovereign crisis. It’s now on the verge of a constitutional crisis (as well as its ongoing sovereign and banking…
For the last 80 years or so, financial theory has held that inflation and deflation were mutually exclusive events. We’ve now seen that idea go up in smoke as deflation…
Last week was options expiration week as well as the end of the Third Quarter. So hedge funds were highly incentivized to gun stocks and precious metals higher (hedge funds…
Regarding the recent Central Bank coordinated intervention, the key take-away point is that the ECB and US Federal Reserve attempted “shock and awe” tactics with their latest announcements by throwing…
