The following is an excerpt from my most recent issue of Private Wealth Advisory. In it, I explain why the markets are heading for a sharp correction due to the…
Spain, which is now at the forefront of the Great Western Debt Default Collapse, has opted to seek funding from the mega-bailout fund, the European Stability Mechanism (ESM) rather than…
In a previous article I began delving into the toxic sewer that is the Spanish banking system. At the root of the problem is the previously unregulated Spanish cajas or…
Spain is a catastrophe on such a level that few analysts even grasp it. Indeed, to fully understand just why Spain is such a catastrophe, we need to understand Spain…
Yesterday we discussed the political fall-out for German Chancellor Angela Merkel regarding revelations that the Bundesbank has in fact put Germany on the hook for over €2 trillion via various…
As long time readers know, a central theme to my analysis regarding Europe is that politics, not economics, rule Europe. What I mean by this is that most major decisions…
As expected Francois Hollande won the first round of the French elections. He and Nicolas Sarkozy will run against each other in the second round, which will occur on May…
On the Surface, Spain’s debt woes have many things in common with those of Greece: 1) Bad age demographics 2) A toxic bank system However, you’ll note that as we…
Well the financial world is awash with reports that the Spanish auctions went well. They did not. And you better believe the ECB and other Central Banks were involved in…
The markets have entered a very dangerous environment in which even the usual market props (Fed Presidents calling for more easing) are being overridden by market concerns for Europe. To…
Once again the markets began to tank. And once again several Fed stooges jumped forward to claim more easing could be coming. And so the markets, having failed to understand…
For months now I’ve averred that Germany can leave the Euro if it needs to. It is clear Germany does not want to leave the Euro as doing so would:…
The following is an excerpt from a recent issue of Private Wealth Advisory. In it, I explain why exactly Europe will Collapse completely in the May-June period. The confluence of…
I first published this article a few weeks ago. Given the speed at which Europe is unravelling I think it’s worth reviewing as it summates the situation very clearly. I…
Because of a lack of foreign interest in long-term Treasuries, the Fed decided to step in to pick up the slack. As a result of this, the US Federal Reserve…
Having finished his “damage control” PR campaign (for now) Ben Bernanke decided to discuss… Europe, urging the Big Banks to help prop up the system over there. Exclusive: Bernanke breaks…
Between July 2011 and today, the ECB has expanded its balance sheet by an incredible $1+ trillion: more than the Fed’s QE 2 and QE lite combined (and in just…
I’ve been pounding the table for months saying that QE 3 wasn’t coming. The reason was simple: the Fed is now politically toxic and cannot engage in aggressive monetary policy…
The following is an excerpt from my latest issue of Private Wealth Advisory. In it I lay out precisely why the coming Crisis in Europe will be THE Crisis I’ve…
Things are once again deteriorating in Europe at a rapid pace. The ten-year Italian bond is right back to where it was before LTRO 2 (just one month ago). This…
