SNB & CHF

Unless the Federal Reserve intends to buy up every dead and dying mall in America, this is one crisis that the Fed can’t bail out with a few digital keystrokes. Just as generals prepare to fight the last war, central banks prepare to battle the last financial crisis–which in the present context means a big-bank liquidity meltdown like the one that nearly toppled thr global financial system in 2008-09. Planning to win...

We live in a non-linear world that is almost always described in linear terms. Though Einstein supposedly said compound interest is the most powerful force in the universe, it rarely is appreciated for what the statement really means. And so the idea of record highs or even just positive numbers have been equated with positive outcomes, even though record highs and positive growth rates can be at times still associated...

Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeff discuss: -- Understanding the Eurodollar Money Market -- Swap Spreads and Interbank . MacroVoices Presents: Jeffrey Snider - Understanding the Global US Dollar Shortage. Thanks for watching!!! Erik Townsend welcomes Jeffrey Snider to MacroVoices. Erik and Jeff discuss: -- Understanding the Eurodollar Money Market -- Swap . Thanks for watching!!!

Air Date: March 11, 2017 Ross Clark – Gold and Oil. email: [email protected] Bill Bonner – Will Trump Drain the Swamp? Too Much Equity in FANGS: Facebook, Apple, Netflix, Google – Setting up for a Crash Similar to the Tech Disaster of 2000? Guest's website: https://bonnerandpartners.com/ Michael Fox – Update on PDAC – Mining is Back! Guest's website: http://theprospectornews.com/ Larry Reaugh, President & CEO of American Manganese on Company Showcase...

Air Date: March 11, 2017 Ross Clark – Gold and Oil. email: [email protected] Bill Bonner – Will Trump Drain the Swamp? Too Much Equity in FANGS: Facebook, Apple, Netflix, Google – Setting up for a Crash Similar to the Tech Disaster of 2000? Guest's website: https://bonnerandpartners.com/ Michael Fox – Update on PDAC – Mining is Back! Guest's website: http://theprospectornews.com/ Larry Reaugh, President & CEO of American Manganese on Company Showcase – Recycling Research Results...

Today’s bland payroll report did little to suggest much of anything. All the various details were left pretty much where they were last month, and all the prior trends still standing. The headline Establishment Survey figure of 235k managed to bring the 6-month average up to 194k, almost exactly where it was in December but quite a bit less than November. In other words, despite what is mainly written as continued...

If there is still no current or present indication of rising economic fortunes, and there isn’t, then the “reflation” idea turns instead to what might be different this time as compared to the others. In 2013 and 2014, it was QE3 and particularly the intended effects (open ended and faster paced, a bigger commitment by the Fed to purportedly do whatever it took) upon expectations that supposedly set it apart from the...

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: “Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system.” Stated another way, Wallerstein...

Eight years after the crisis of 2008-09, central banks are still injecting $200 billion a month into the global financial system to keep it from imploding. If you want a central banker to choke on his croissant, read him this quote from socio-historian Immanuel Wallerstein: “Countries (have lost the ability) to control what happens to them in the ongoing life of the modern world-system.” Stated another way, Wallerstein...

It is surely one of the primary reasons why many if not most people have so much trouble accepting the trouble the economy is in. With record high stock prices leading to record levels of household net worth, it seems utterly inconsistent to claim those facts against a US economic depression. Weakness might be more easily believed as some overseas problem, leading to only ideas of decoupling or the US as the “cleanest...