Posts by Jeff Berwick

“Alarm bells have been ringing over the explosion of corporate debt levels in emerging economies, which now exceed $25 trillion … Damaging deflationary spirals cannot be ruled out”. This grim assessment comes from an article posted at Telegraph.co.uk, that quotes a  recent annual UN “Conference on Trade and Development” report. The article is entitled, “UN fears third leg of…

The real product of the Fed these days is not monetary policy but disbelief. People can’t believe the amount of speculation, conversation and outright complexity that results in… nothing. Yellen is basically presiding over the deflation of the Fed’s reputation. Every month more and more credibility leaks away. And this month was no exception. For…

“If it was a choice between the right decision and a political decision… The Fed would choose the political decision.” A few days ago, Donald Trump made this blunt statement and then added that the market “will remain at artificially high levels until January 1st.” This came not long after he slammed Fed chairwoman Janet Yellen in a CNBC…

In past issues, we’ve documented increasingly concerned billionaires warning of dangerous economic times. Many have favored gold as an alternative allocation in a world where $13 trillion-worth of debt is negative yielding, interest rates are artificially suppressed and we’re on the brink of major wars. The newest addition to this gold-loving billionaire’s club, is none…

Centuries ago banks actually stored real money (gold) and gave their customers paper receipts which made transferring and transporting easier. Then as time went by, banks just began storing currency. Unbacked fiat paper is not money. In those days the term “bank robbery” used to mean a man with a gun would come in and…