Russell Napier: "We Are On The Eve Of A Deflationary Shock "

In the aftermath of Ray Dalio’s conversion to an inflationista earlier this year (even if he has since once again been pushing a deflationary agenda when he once again went long Treasurys in late September as Zero Hedge reported previously), which prom… [...]

Default, Deflation and Financial Repression

Back in March 2011, author Carmen Reinhart wrote a comment in Bloomberg describing the term “financial repression.”  He wrote: “As they have before in the aftermath of financial crises or wars, governments and central banks are increasingly … [...]

BofAML’s Top 10 Emerging Market Risks In 2014

While moderate recovery in growth and inflation is BofAML’s rates team’s base case, there are numerous risks to that forecast. The risk of tapering is already quite well known and they suspect it may not result in the significant market-moving event ma… [...]

Venezuela Denies Goldman’s Gold Deal As Inflation Tops 54%

Today’s AM fix was USD 1,241.75, EUR 913.11 and GBP 760.45 per ounce. Yesterday’s AM fix was USD 1,250.75, EUR 923.88 and GBP 773.69 per ounce. Gold fell $4.10 or 0.33% yesterday, closing at $1,236.33/oz. Silver slid $0.17 or 0.86% closing at $19.6… [...]

Howard Marks: "Markets Are Riskier Than At Any Time Since The Depths Of The 2008/9 Crisis"

In Feb 2007, Oaktree Capital's Howard Marks wrote 'The Race to the Bottom', providing a timely warning about the capital market behavior that ultimately led to the mortgage meltdown of 2007 and the crisis of 2008 as he worried about "c… [...]

"We Are Playing Economic Russian Roulette"

Submitted by Brandon Smith of Alt-Market blog, By any reasonable measure, I think it is safe to say that the last quarter of 2013 has been an insane game of economic Russian Roulette.  Even more unsettling is the fact that most of the American pop… [...]

Why Is Debt The Source Of Income Inequality And Serfdom? It’s The Interest, Baby

Submitted by Charles Hugh-Smith of OfTwoMinds blog, "Governments cannot reduce their debt or deficits and central banks cannot taper. Equally, they cannot perpetually borrow exponentially more. This one last bubble cannot end (but it must)." … [...]

Developments Cast Pall Over Dollar

The near-term fundamental considerations for the dollar have turned more negative.  Two developments last week that had bolstered the dollar are being rethought.     First, the Bloomberg report that cited to unidentified people close to … [...]

5 (+3) Themes For The Next 5 Years

The following five themes (and three bonus ones) are what UBS Andrew Cates believes will be of the greatest importance for global economic and capital markets outcomes for the next five years. There is little to surprise here but the aggregation of the… [...]

Guest Post: The Money Bubble Gets Its Grand Rationalization

Submitted by John Rubino of the Dollar Collapse blog, Late in the life of every financial bubble, when things have gotten so out of hand that the old ways of judging value or ethics or whatever can no longer be honestly applied, a new idea emerges that… [...]