Monday, January 19, 2015
Saturday, January 17, 2015
SD Metals and Markets - Swiss National Bank Goes Nuclear
From SilverDoctors
Published on Jan 16, 2015
A day after the Swiss National Bank SHOCKED the market by de-pegging the franc from the Euro, causing a 30% move in the CHF Thursday, Jay Taylor joins The Doc & Eric Dubin to break down all of the implications.
Published on Jan 16, 2015
A day after the Swiss National Bank SHOCKED the market by de-pegging the franc from the Euro, causing a 30% move in the CHF Thursday, Jay Taylor joins The Doc & Eric Dubin to break down all of the implications.
Silver spikes 4% in ongoing market turmoil
Silver has spiked over 4% in overnight trading with gold trailing with a 1% rise. Markets are still roiling in the wake of the Swiss National Bank de-pegging the Franc from its tight exchange band with the Euro. Fallout from the surprise decision is still being felt in 10%+ declines of major Swiss firms share prices, and more worryingly several trading firms dealing in FX have collapsed due to leverage extended to their clients for EUR:CHF shorts. Shades of the MF Global collapse could be on the cards over the coming days and weeks.
Rick Rule on Oil and Peter Schiff on Switzerland ditching its currency cap
From Boom Bust
Published on Jan 15, 2015
The Swiss National Bank shocked financial markets on Thursday by ditching its policy of capping the Swiss Franc to the Euro. The unexpected move sent the safe-haven currency souring up as much as 41% against the Euro. Stocks plunged amidst fears of what this would do to Switzerland’s very export reliant economy. It was the biggest single-day depreciation in a major currency of all time! Erin weighs in.
Published on Jan 15, 2015
The Swiss National Bank shocked financial markets on Thursday by ditching its policy of capping the Swiss Franc to the Euro. The unexpected move sent the safe-haven currency souring up as much as 41% against the Euro. Stocks plunged amidst fears of what this would do to Switzerland’s very export reliant economy. It was the biggest single-day depreciation in a major currency of all time! Erin weighs in.
Friday, January 16, 2015
Weekend Chillout - Stop
With the Swiss National Bank stopping support for the EUR:CHF peg the opening lines of this song just seem to have been written for all those mugs that were short the Franc.
All that I have is all that you've given me
Did you never worry that I'd come to depend on you
I gave you all the love that I had in me
Now that I've found you've lied, and I can't believe it's true
Wednesday, January 14, 2015
Monday, January 12, 2015
Laurence Kotlikoff - Hyperinflation Not Deflation
From Greg Hunter
Published on Jan 11, 2015
Dr. Laurence Kotlikoff, formerly a top economist in the Reagan Administration, thinks if things get out of control, we’ll get hyperinflation--not deflation. Dr. Kotlikoff warns, “I think it’s already gotten out of control because of the amount of money that has been printed. I don’t think anything fundamental has been done in the U.S. or Europe to address the structural issues. The banking system is in riskier shape than it was. There is nothing in the Dodd-Frank legislation that I see in terms of keeping us from anther meltdown or another run on the banks that we had before. I do worry about that, and I worry that in the U.S. we have no adult leadership in either party. . . . Social security is 33% under-financed, according to its own trustees report. . . . Our entire fiscal enterprise is about 58% under-financed, meaning we need a 58% immediate increase in our taxes to cover all the spending that we have. . . . So, the country is really broke.”
Join Greg Hunter as he goes One-on-One with renowned economist Dr. Laurence Kotlikoff.
Published on Jan 11, 2015
Dr. Laurence Kotlikoff, formerly a top economist in the Reagan Administration, thinks if things get out of control, we’ll get hyperinflation--not deflation. Dr. Kotlikoff warns, “I think it’s already gotten out of control because of the amount of money that has been printed. I don’t think anything fundamental has been done in the U.S. or Europe to address the structural issues. The banking system is in riskier shape than it was. There is nothing in the Dodd-Frank legislation that I see in terms of keeping us from anther meltdown or another run on the banks that we had before. I do worry about that, and I worry that in the U.S. we have no adult leadership in either party. . . . Social security is 33% under-financed, according to its own trustees report. . . . Our entire fiscal enterprise is about 58% under-financed, meaning we need a 58% immediate increase in our taxes to cover all the spending that we have. . . . So, the country is really broke.”
Join Greg Hunter as he goes One-on-One with renowned economist Dr. Laurence Kotlikoff.
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