Negative-Yield Bonds Are Back In Style. Why That’s A Bad Thing
Paying someone in order to lend them money seems kind of pointless. Yet the practice of stashing wealth in places where it yields nothing (and
Paying someone in order to lend them money seems kind of pointless. Yet the practice of stashing wealth in places where it yields nothing (and
2019 is looking like one of those either/or years, where growing financial instability leads to either a 2008-style financial crash or another round of asset
It’s long been an article of faith in the sound money community that the Fed, by bailing out every dysfunctional financial entity in sight, would
Europe is frequently held up as an example of how the rest of the world should behave on a variety of issues. But this comparison
Friday’s commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring
In the next downturn (which may have started last week, yee-haw), the world’s central banks will face a bit of poetic justice: To keep their
One of the hallmarks of late-stage bubbles is a shift of power from lenders to borrowers. As asset prices soar and interest rates plunge it
Insanity, like criminality, usually starts small and expands with time. In the Fed’s case, the process began in the 1990s with a series of (in
There’s a debate raging over what, exactly, bitcoin and the thousand or so other cryptocurrencies actually are. Some heavy-hitters are weighing in with strong, if
One of the crucial things to understand about today’s world is that money is fungible. Whether it’s created in Japan, Europe, China or the US,
Doing the right thing is hard for both individuals and their governments. Name the goal – maintaining a healthy weight, paying off high-interest credit cards,
“White privilege” is such a commonly accepted pillar of American society that it’s become material for comics. As Chris Rock tells his audience in the
Readers of a certain age will remember when state universities were a bit spartan but extremely cheap. Middle class families could send their kids to
For what seems like decades, people have been warning that the next time some over-leveraged corner of the financial system implodes, bank and brokerage accounts
Jay Taylor’s Gold Energy & Tech Stocks Newsletter has unearthed some huge winners lately. Here’s an excerpt from his weekly update that concludes with three
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