The Euro Goes Negative
|
|
- Maximilian Brooks
- 5 years ago
- Views:
Transcription
1 The Euro Goes Negative June 19, 2014 by Dickson Buchanan Jr. of Euro Pacific Precious Metals The European Central Bank's (ECB) decision to charge a negative interest on overnight deposits is not going to lead to a higher targeted inflation rate, despite ECB President Mario Draghi's insistence that it will. Like all cases of central planning, this decision will have unintended and costly consequences - some of which are already starting to play out. In this particular case, instead of stimulating business lending or higher prices, the decision will only stimulate the increased buying of insolvent government debt - leading us all one step closer to the economy's eventual unravelling. The Sovereign Debt Bubble Is a Bigger Issue Since the announcement earlier this month, banks have skirted around the negative interest rate imposed by the ECB via the purchasing of government bonds. These are the perfect vehicles for banks, as they are considered "virtually" risk free securities. We can see this has already started occurring if we examine the yield on a couple of 10-year eurozone bonds. Keeping in mind that the yield on a bond is inverse to its price, take a look at the charts for the Spanish 10-year bond and the Italian 10-year bond. The yield on both bonds has dropped. Page 1, 2018 Advisor Perspectives, Inc. All rights reserved.
2 It should be obvious that this measure has and will continue to allow governments to borrow more money and more easily roll over their existing debt obligations. However, more importantly - and more dangerously - it increases the net exposure that banks (and their customers, who are you and me) have to the promises of insolvent governments. This could spell real trouble for anyone that hasn't already removed their capital from the financial system with gold or silver. Page 2, 2018 Advisor Perspectives, Inc. All rights reserved.
3 The "Real Crash" Is Yet to Come The last five years since the 2008 financial crisis have been marked by unprecedented intervention by central banks. Peter Schiff was one of the first to realize that the policies being passed to aid the economic recovery (TARP, bailouts, QE, etc.) were really creating the next boom and bust cycle. But this new boom and bubble is different. In his own words, Peter described 2008 as the "tremor" that would precede the "earthquake." What's the Difference? The reason why Peter thinks the day of reckoning is still to come does not have as much to do with the size of the current bubble. Although size is important, it has everything to do with where the bubble is being blown. The coming "Real Crash," as Peter calls it, has its roots in the false promises of insolvent governments to pay their debt obligations when they literally can't. That is why the ECB's decision is so pernicious - because it fuels a sovereign debt bubble that will be all the more destructive when it pops. What You Can Do In his book, The Real Crash, Peter highlights several ways to keep your capital safe from what's coming. Among other advice, he recommends you "own gold" and "stay liquid." Owning gold seems simple enough, but what does staying liquid actually entail? There is a little-knowngem-of-a-chart by the American economist John Exeter, who was considered an expert on the economics of the Great Depression. The chart is called Exeter's Inverse Pyramid of Liquidity. Below is a modern adaptation. Page 3, 2018 Advisor Perspectives, Inc. All rights reserved.
4 The pyramid organizes asset classes from top to bottom in order of increasing liquidity. Part of the theory behind the chart is that in times of crisis there is always a movement out of less-liquid assets into more-liquid assets. The reason for this is not hard to understand. When you are faced with the reality of losses or defaults, you want to minimize them as best you can. The way to do this is to sell out of the losing investment into something more stable and resilient - something more universally demanded. In the most recent boom-bust cycle - the housing crash of we saw the selling out of less-liquid assets (real estate, which you will find near the top of the pyramid) into more-liquid assets (dollars, bonds, and gold, generally speaking). Once a large enough number of market participants realized that the euphoric boom had run its course, there was a mad scramble to get into more-liquid asset classes. The value of the less-liquid assets plummeted. The value of the more-liquid assets rose. We are now in the middle of another cycle created once again by our institutions of volatility - central banks. But this cycle is different. This is the earthquake cycle that the tremor of 2008 preceded. It's not another housing bubble (top of the pyramid) we have to worry about; it's a government debt bubble (right in the middle). The ECB's decision to go negative on the overnight deposit rate has only served to increase the total amount of debt in the system. You will notice on the chart that government debt lies right above the pieces of paper we call money. It's not a fiscal cliff we are going over, it's a money cliff. Page 4, 2018 Advisor Perspectives, Inc. All rights reserved.
5 Once people realize that this boom in government debt is not worth the paper it's printed on, then there will be a similar flight to more-liquid assets at the bottom of the pyramid. This is where gold and silver come into the picture. By now, you should realize that when Peter recommends buying gold and staying liquid, he is really saying the same thing. Gold stands at the bottom of the pyramid. The best way to insulate yourself from the costly folly of central bankers and insolvent governments is to own the most liquid asset. Gold is the most liquid asset. Dickson Buchanan Jr. is Director of International Development and Senior Precious Metals Specialist at Euro Pacific Precious Metals, Peter Schiff's gold and silver firm. He received his MA in Austrian Economics from King Juan Carlos University in Madrid, Spain. Dickson joined the Euro Pacific Precious Metals team in 2012 after returning from his economic studies abroad. Euro Pacific Precious Metals Page 5, 2018 Advisor Perspectives, Inc. All rights reserved.
Fund Management Diary
Fund Management Diary Meeting held on 14 June 2016 Deficit Matters In late October 2013, the US Treasury issued a report saying that the German current account surplus which at that time stood at 7% of
More informationWhy Bullion is Outperforming Mining Stocks
BMG ARTICLES Why Bullion is Outperforming Mining Stocks 1 I f the investment choice is between mining stocks and physical bullion, it is essential to remember that these are different asset classes with
More informationA CRASH COURSE IN STAYING AFLOAT IN A SINKING ECONOMY. David Wiedemer, PhD. Robert A. Wiedemer. Cindy Spitzer
The Aftershock Investor, Second Edition A CRASH COURSE IN STAYING AFLOAT IN A SINKING ECONOMY David Wiedemer, PhD Robert A. Wiedemer Cindy Spitzer WILEY Contents Acknowledgments Introduction XI xili Chapter
More informationInternational Money and Banking: 14. Real Interest Rates, Lower Bounds and Quantitative Easing
International Money and Banking: 14. Real Interest Rates, Lower Bounds and Quantitative Easing Karl Whelan School of Economics, UCD Spring 2018 Karl Whelan (UCD) Real Interest Rates Spring 2018 1 / 23
More informationTable Of Contents. Foreword. Chapter 1: Global Financial Crisis Basics. Chapter 2: Using Bonds. Chapter 3: Cashing In On Precious Metals
- 1 - Table Of Contents Foreword Chapter 1: Global Financial Crisis Basics Chapter 2: Using Bonds Chapter 3: Cashing In On Precious Metals Chapter 4: Supply Information On Defeating Credit Card Debt Chapter
More informationThe Risks Facing European Banks
The Risks Facing European Banks February 29, 2016 This commentary was written by Bill Witherell, Cumberland s Chief Global Economist. He joined Cumberland after years of experience at the OECD in Paris.
More informationTactical Gold Allocation Within a Multi-Asset Portfolio
Tactical Gold Allocation Within a Multi-Asset Portfolio Charles Morris Head of Global Asset Management, HSBC Introduction Thank you, John, for that kind introduction. Ladies and gentlemen, my name is Charlie
More informationThe Importance of Precious Metals During Economic Crisis Free Report
The Importance of Precious Metals During Economic Crisis Free Report This short report is intended to raise awareness to the increasing importance of precious metals during economic turmoil. We ll take
More informationWhat Rising Interest Rates Mean for the Economy and You
What Rising Interest Rates Mean for the Economy and You BROUGHT TO YOU BY: In March of this year, the Federal Reserve voted to raise its target federal funds rate to a range of 0.75-1%. Not only that,
More informationGold vs. Bonds: Another Look
PRECIOUS METALS INVESTING BMG ARTICLES Real Gold vs. A Promise of Gold 1 Gold vs. Bonds: Another Look July 2015 By Nick Barisheff I n the past, we have highlighted the advantages of using gold rather than
More informationAustrian Money Supply A Brief Excursion Into Monetary Theory
Austrian Money Supply A Brief Excursion Into Monetary Theory With regard to the money supply, it is worth taking a look at a few specific facets of Austrian monetary theory and the money supply measures
More informationFinal Exam Macroeconomics Winter 2011 Prof. Veronica Guerrieri
Final Exam Macroeconomics Winter 2011 Prof. Veronica Guerrieri Name (print): Name (signature): Section Registered (circle one): T 1:30 T 6:00 W 1:30 As always, the honor code rules are in effect. You know
More informationWhatever It Takes 2.0?
Whatever It Takes 2.0? April 9, 2014 by Axel Merk of Merk Investments If you are convincingly irrational the market may expect extreme measures and front run your bluff. It s in this spirit that ECB President
More informationRepression Investing: Got Gold?
Repression Investing: Got Gold? February 11, 2015 by Axel Merk of Merk Investments Gone are the ZIRP days the Zero Interest Rate Policy is being replaced by negative interest rates in various countries.
More informationYes, You Should Worry About Market Corrections
Yes, You Should Worry About Market Corrections October 19, 2016 by Lance Roberts of Real Investment Advice Can we stop this nonsense? Please. One of the biggest reasons why investors consistently underperform
More informationA Regent Gold Group Special Report
A Regent Gold Group Special Report Free Report: How to Gain Checkbook Control of Your IRA Note: This Special Report takes a look at how individual investors can assume Checkbook Control over their tax-deferred
More information6/11/12 Spanish bank rescue announced. 6/6/12 China cuts interest rates, fueling best day for U.S. stocks in 2012
Trade History Tactical Opportunities Portfolio LPL Financial Research MODEL WEALTH PORTFOLIOS December 31, 2012 The LPL Financial Research asset allocation process, coupled with a strong security selection
More informationWrestling with Something Else : Why this Gold Bear Market Is Different
Wrestling with Something Else : Why this Gold Bear Market Is Different May 15, 2015 by Frank Holmes of U.S. Global Investors Earlier this week, I had the pleasure to appear on Jim Puplava s Financial Sense
More informationI am very pleased to be a participant in this ECB Central Bank. Conference on the tenth anniversary of the creation of the euro and of
Optimal Currency Areas Martin Feldstein I am very pleased to be a participant in this ECB Central Bank Conference on the tenth anniversary of the creation of the euro and of the European Economic and Monetary
More informationSTRONG GOLD IN 2018 vs NEW WORLD CURRENCY By Egon von Greyerz 21 st December 2017
STRONG GOLD IN 2018 vs NEW WORLD CURRENCY By Egon von Greyerz 21 st December 2017 [FF Editorial: Our Editor, Matthias Chang gave a video address on the 19 th December, 2017 entitled, Global Countdown To
More informationGlobalization. International Financial (Chap. 8) and Monetary (Chap. 9) Relations
Globalization International Financial (Chap. 8) and Monetary (Chap. 9) Relations The Puzzle of Finance n Every year, approximately $5 trillion is invested abroad. Why is so much money invested in foreign
More informationFundamental Update: Has the Euro fallen far enough?
Fundamental Update: Has the Euro fallen far enough? Kathleen Brooks, Research Director FOREX.COM May 29, 2012 I overheard an interesting conversation the other day; someone was saying they were too frightened
More informationTestimony of Dean Baker. Before the Subcommittee on TARP and Financial Resources of the House Committee on Oversight and Government Reform
Testimony of Dean Baker Before the Subcommittee on TARP and Financial Resources of the House Committee on Oversight and Government Reform Hearing on "Does the Administration s Mandate on Project Labor
More informationGlobal Financial Crisis. Econ 690 Spring 2019
Global Financial Crisis Econ 690 Spring 2019 1 Timeline of Global Financial Crisis 2002-2007 US real estate prices rise mid-2007 Mortgage loan defaults rise, some financial institutions have trouble, recession
More informationQUICK PIVOT FRIDAY, JANUARY 7, 2011 BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS. Surreal Policymakers Are Blowing Serial Bubbles
QUICK PIVOT FRIDAY, JANUARY 7, 2011 BOB HOYE PUBLISHED BY INSTITUTIONAL ADVISORS Surreal Policymakers Are Blowing Serial Bubbles The above is more a sarcastic observation than a title for this edition.
More informationIn Today s Overheated Market Control Risk in Your Retirement Portfolios with Sound Valuation
In Today s Overheated Market Control Risk in Your Retirement Portfolios with Sound Valuation August 21, 2015 by Chuck Carnevale of F.A.S.T. Graphs Introduction Investing money in anything is never without
More informationChapter 8. Why Do Financial Crises Occur and Why Are They So Damaging to the Economy? Chapter Preview
Chapter 8 Why Do Financial Crises Occur and Why Are They So Damaging to the Economy? Chapter Preview Financial crises are major disruptions in financial markets characterized by sharp declines in asset
More informationCauses of the Great Depression
History 271 Devine Fall 2015 Causes of the Great Depression I. The International Economic Situation The U.S. emerges from World War I as the Engine of Prosperity it is the leading creditor nation and is
More informationThe Budget Deficit of the United States and the Current Account Deficits of the Eurozone Latin Countries
(Ackermann) Remarks at dinner honoring Joe Ackermann October 25, 2012 Martin Feldstein The Budget Deficit of the United States and the Current Account Deficits of the Eurozone Latin Countries Thank you.
More informationThe Big Picture Hasn t Changed: Don t Get Sucked Back Into the Stock Market
The Big Picture Hasn t Changed: Don t Get Sucked Back Into the Stock Market July 22, 2016 by Justin Spittler of Casey Research Stocks are on a tear right now Today, the S&P 500 hit a new all-time high.
More informationMarket Commentary 1 st Quarter 2018
Where Do We Go From Here? The key to making money in stocks is not to get scared out of them Peter Lynch Successful investing is often determined by one s ability to stay the course. Since 2009, investors
More informationWhat do other high school students know about investing?
INVESTMENT OPTIONS What do other high school students know about investing? We asked high school students to describe the weirdest get rich quick scheme they ve ever heard of. Someone told me that I could
More informationDecember 6, Unemployment Trends. Nonfarm Payrolls
December 6, 13 Northern Trust Global Economic Research 5 South LaSalle Chicago, Illinois 663 northerntrust.com Carl R. Tannenbaum Chief Economist 31.557.88 ct9@ntrs.com Asha G. Bangalore Economist 31..16
More informationAs of July 10, Quarter in Review
As of July 10, 2015 Quarter in Review The following are the total returns for many of the major asset classes in the second quarter of 2015 (note that as a client you do not have exposure to all of these
More informationEuropean Debt Crisis. Lessons Learned and Paths for the Future
European Debt Crisis Lessons Learned and Paths for the Future Eurozone (ish) 19 member states 7 additional to become members upon convergence criteria Putting the Cart Before the Horse The creation of
More informationReading Five: How Millions Turned Inflation Into Wealth: The Hidden Truth
Reading Five: How Millions Turned Inflation Into Wealth: The Hidden Truth Much of this reading has been excerpted from The Secret Power Within Your Mortgage Copyright 2007 by Daniel R. Amerman, CFA, All
More informationYour Financial Well-Being Assessment
Your Financial Well-Being Assessment Congratulations! You are on your way to a better understanding of financial well-being. Downloading this guide is the first step. Now, take some time to review and
More informationPeter Schiff is calling for a sudden and violent crash in the U.S. dollar sometime in 2016.
Peter Schiff is calling for a sudden and violent crash in the U.S. dollar sometime in 2016. When the collapse inevitably hits, the presumed safety of the U.S. dollar and Treasuries will disappear overnight.
More informationTHE CAQ S SEVENTH ANNUAL. Main Street Investor Survey
THE CAQ S SEVENTH ANNUAL Main Street Investor Survey DEAR FRIEND OF THE CAQ, Since 2007, the Center for Audit Quality (CAQ) has commissioned an annual survey of U.S. individual investors as a part of its
More informationThe Outlook for the European and the German Economy
The Outlook for the European and the German Economy Annual Economic Forum of the German American Chamber of Commerce Chicago January 26, 2012 Joachim Scheide, Kiel Institute for the World Economy Once
More informationEmbracing a Globalized, Fiat Money Regime: Does Demand for Money Matter?
Embracing a Globalized, Fiat Money Regime: Does Demand for Money Matter? Christopher LINGLE, PhD CLingle@ufm.edu Universidad Francisco Marroquín Guatemala Centre for Civil Society New Delhi Department
More informationMA Advanced Macroeconomics: 12. Default Risk, Collateral and Credit Rationing
MA Advanced Macroeconomics: 12. Default Risk, Collateral and Credit Rationing Karl Whelan School of Economics, UCD Spring 2016 Karl Whelan (UCD) Default Risk and Credit Rationing Spring 2016 1 / 39 Moving
More informationTo understand where the U.S. Economy is going, we need to understand where we have been
To understand where the U.S. Economy is going, we need to understand where we have been From 2008:1-2009:2, the worst recession since Great Depression, with a slow recovery from 2009:3-2013:1. Historical
More informationGovernment Debt and Deficits Revised: March 24, 2009
The Global Economy Class Notes Government Debt and Deficits Revised: March 24, 2009 Fiscal policy refers to government decisions to spend, tax, and issue debt. Summary measures of fiscal policy, such as
More informationFinancial Markets and Institutions 8th edition Mishkin Eakins Test Bank Complete download:
Financial Markets and Institutions 8th edition Mishkin Eakins Test Bank Complete download: Financial Markets and Institutions 8th edition Mishkin Eakins Solutions Manual Instant Download Complete download:
More informationBOOM, BUST, BOOM (VIDEO) 1
BOOM, BUST, BOOM (VIDEO) 1 Name: 1. Compare the 1928 Calvin Coolidge and the 2006 George W. Bush State of the Union Addresses. What do you notice? 2. The 2008 Crisis is often referred to as the Mortgage
More informationCentral Bank Balance Sheets: Misconceptions and Realities
EMBARGOED UNTIL 8:30 P.M. on Monday, March 25, 2019, U.S. Eastern Time, which is 8:30 A.M. on Tuesday, March 26, 2019 in Hong Kong, OR UPON DELIVERY Central Bank Balance Sheets: Misconceptions and Realities
More informationTHE NEW COMMODITY BULL?
THE NEW COMMODITY BULL? By Frank Petricca T: 312 286 9320 E: fpetricca@pricegroup.com 5/23/2017 ARE WE AT THE START OF ANOTHER MAJOR COMMODITY BOOM? Commodity indexes are certainly saying it could be.
More informationChapter 16: Financing Government Section 2
Chapter 16: Financing Government Section 2 1 Objectives 1. Describe federal borrowing. 2. Explain how the Federal Government s actions can affect the economy. 3. Analyze the causes and effects of the public
More informationI produce these economics and markets reports every two months. We produce, more frequently, more in-depth reports, for clients.
I produce these economics and markets reports every two months. We produce, more frequently, more in-depth reports, for clients. It was all over the 'News'. Stocks are crashing. Is this a Recession beginning?
More information2Q16. Don t Be So Negative. June Uncharted territory
2Q16 TOPICS OF INTEREST Don t Be So Negative June 2016 ANDREW AKERS Analyst Following the financial crisis of 2008, slow global growth and low inflation have prompted a number of central banks to implement
More informationWhy U.S. Treasurys Look Like High-Yield Bonds
Boom & Bust Monthly Insight Video September 2014 Why U.S. Treasurys Look Like High-Yield Bonds Hi, I m Rodney Johnson. Welcome to the September 2014 educational video. This month we re going to talk about
More informationIt s Not As It Appears!
It s Not As It Appears! As equities continued to rise during the advance into the 2007 top, I screamed from the roof tops that it was a bear market advance and that the efforts to prop the markets up only
More informationMyths, Lies & Mutual Funds
Myths, Lies & Mutual Funds Successful and unsuccessful people do not vary greatly in their abilities. They vary in their desires to reach their potential. John Maxwell MYTH 1: You Have to Be an Expert
More informationBy John Praveen, Chief Investment Strategist of Prudential International Investments Advisers, LLC.*
By John Praveen, Chief Investment Strategist of Prudential International Investments Advisers, LLC.* Financial Market Outlook: Stocks Supported by Renewed Central Bank Put but Face Headwinds from Continued
More informationMartin Pring s. Weekly InfoMovie Report. April 12, 2012
Martin Pring s Weekly InfoMovie Report April 12, 2012 Issue 993 Weekly InfoMovie Report 1 Bearish US Equity Market - Last week I pointed out that this up trendline for the diffusion indicator monitoring
More informationWhat to do when the music stops
What to do when the music stops An investor s checklist for a correction It s not hard to see that global asset markets are very toppy right now. But investors also need to know what tools to use to protect
More informationYou re listening to rebuilding after a financial crisis. Hi, I m Niki, your host for today s Podcast.
Rebuilding After a Financial Crisis Podcast [Music plays] Nikki: You re listening to rebuilding after a financial crisis. Hi, I m Niki, your host for today s Podcast. There are many things in life that
More informationQuarterly portfolio Summary
Quarterly portfolio Summary Sample ETF Portfolio June 30, 2013 Target Current Investment Mix: % $ % Fixed Income: 64.95% $16,238.15 65.00% Growth: 35.00% $8,749.74 35.00% Cash/Cash Equivalents:* 0.05%
More informationEast Asia Crisis of Econ October 8, Team 5 Bryan Darch Svend Egholm Paramdeep Singh Sarah Zullo
East Asia Crisis of 1997 Econ 7920 October 8, 2008 Team 5 Bryan Darch Svend Egholm Paramdeep Singh Sarah Zullo The East Asian currency crisis of 1997 caused severe distress for the countries of East Asia
More informationGundlach: I m Not Really Bullish on Bonds
Gundlach: I m Not Really Bullish on Bonds September 13, 2017 by Robert Huebscher Jeffrey Gundlach, one of the most respected bond managers in the world with over $100B in fixed-income assets under management,
More informationb. Financial innovation and/or financial liberalization (the elimination of restrictions on financial markets) can cause financial firms to go on a
Financial Crises This lecture begins by examining the features of a financial crisis. It then describes the causes and consequences of the 2008 financial crisis and the resulting changes in financial regulations.
More informationMerk Insights September 8, 2016
Failure of Inflation Targeting?! Axel Merk, Merk Investments It ain t working. Eight years after the outbreak of the financial crisis, central bank chiefs suggest they have saved the world, but have they?
More informationJohn Maynard Keynes. ''The difficulty lies not so much in developing new ideas as in escaping from old ones'' Dr David Rees
John Maynard Keynes ''The difficulty lies not so much in developing new ideas as in escaping from old ones'' Dr David Rees 1883-1946 British Founder of Keynesian Macroeconomics (Western economic paradigm
More informationWhat Is Driving The Metal Markets?
What Is Driving The Metal Markets? In all likelihood, Mark Twain did not have metal markets in mind when he said, history does not repeat itself, but it does rhyme Nevertheless, it seems as though we are
More informationDo Rising Rates Mean Falling Stocks?
Do Rising Rates Mean Falling Stocks? June 11, 2015 by Brad McMillan of Commonwealth Financial Network Yesterday, I saw an interesting doom-and-gloom piece on rising rates, which claimed that rate increases
More informationThe Fiscal Cliff is Just Another Y2K
The Fiscal Cliff is Just Another Y2K -J. Kevin Meaders, J.D, CFP, ChFC, CLU December, 2012- In eighteen years of advising retirees I have discovered two rules to be absolutely true: 1. Never let your kids
More information1. Only small companies can go through financial markets to obtain financing.
Fundamentals of Corporate Finance 8th Edition Brealey Test Bank Full Download: http://testbanklive.com/download/fundamentals-of-corporate-finance-8th-edition-brealey-test-bank/ Chapter 02 Financial Markets
More informationWill Quantitative Tightening Sink the Market?
Will Quantitative Tightening Sink the Market? May 2, 2018 by Brad McMillan of Commonwealth Financial Network As we move away from the financial crisis and as policies normalize, it is a good time to take
More informationThe Transition to a Monetary Union
The Transition to a Monetary Union The Maastricht Treaty The Maastricht Treaty was signed in 1991 It is the blueprint for progress towards monetary unification in Europe It is based on two principles:
More informationTo go directly to the Mishkin Report: Crunch Time For Financial Markets click here:
The Mishkin Report: To go directly to the Mishkin Report: Crunch Time For Financial Markets click here: http://research.chicagobooth.edu/igm/usmpf/download2.aspx The report uses lots of math and economic
More informationYour Stock Market Survival Guide
Your Stock Market Survival Guide ROSENBERG FINANCIAL GROUP, INC. While this report can apply to all people, it is especially geared for people who: (1) are getting close to retirement; (2) are already
More informationThe Sub-Prime Crisis, Gold, and Forecasts for the Stock Market
The Sub-Prime Crisis, Gold, and Forecasts for the Stock Market Joe McNay is the founder of Essex Investment Management, a Boston-based institutional asset manager with $3 billion under management, including
More informationTrends in Financial Literacy
College of Saint Benedict and Saint John's University DigitalCommons@CSB/SJU Celebrating Scholarship & Creativity Day Experiential Learning & Community Engagement 4-27-2017 Trends in Financial Literacy
More informationVolume 71. September 2016
Volume 71 September 2016 As David Rosenberg, Chief Economist for Gluskin Sheff, recently observed, summer vacation is over. Summer is known for being a quiescent period in the markets, when trading volumes
More informationFund Management Diary
Fund Management Diary Meeting held on 4 October 2016 History and Theory of Money From mankind s earliest days the need to exchange goods and services was an overriding consideration in order to build a
More informationEUROPEAN BANKS: NEITHER A BORROWER NOR LENDER BE
LPL RESEARCH WEEKLY ECONOMIC COMMENTARY August 8 2016 EUROPEAN BANKS: NEITHER A BORROWER NOR LENDER BE Matthew Peterson Chief Wealth Strategist, LPL Financial KEY TAKEAWAYS Banks everywhere are under pressure
More informationJeremy Siegel on Dow 15,000 By Robert Huebscher December 18, 2012
Jeremy Siegel on Dow 15,000 By Robert Huebscher December 18, 2012 Jeremy Siegel is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania and a Senior Investment
More informationHow to Safely Manage Home Equity to Achieve Financial Freedom & Build Wealth. fast facts
How to Safely Manage Home Equity to Achieve Financial Freedom & Build Wealth If what you always thought to be true turned out not to be true, when would you want to know? Most of what we believe about
More informationNotes on Hyman Minsky s Financial Instability Hypothesis
FINANCIAL INSTABILITY Prof. Pavlina R. Tcherneva Econ 331/WS 2006 Notes on Hyman Minsky s Financial Instability Hypothesis Summary Prior to WWII, economies were described by frequent and severe depressions
More informationDebt vs Growth: Correlation or Causation
Debt vs Growth: Correlation or Causation February 24, 2016 by Lance Roberts of Real Investment Advice Recently, my article on weak economic underpinnings led to an interesting exchange, via Twitter, with
More informationMSCI EAFE (Developed Markets) 5.40% 18.23% US Dollar (DXY) -2.66% -9.20% MSCI Emerging Markets 7.89% 25.42% Euro (FXE) 3.28% 11.
ROSELINE CAPITOL ADVISERS THIRD QUARTER 2017 MARKET PERSPECTIVE Asset Class/Index Q3 2017 YTD 2017 Asset Class/Index Q3 2017 YTD 2017 US Equities Fixed Income S&P 500 Index 4.48% 14.24% US T reasury Bonds
More informationEcon 1101 Spring Radek Paluszynski 5/8/2013
Econ 1101 Spring 2013 Radek Paluszynski 5/8/2013 Announcements Final exam: Tuesday, May 14 th, 6.30-8.30pm If you have exam conflict, there is a makeup final on Thursday, May 16 th, 10am-12pm Registration
More informationThe role of central banks and governments in the crisis
The role of central banks and governments in the crisis 87 th Kieler Konjunkturgespräch Kiel, March 18/19 2013 Joachim Scheide, Kiel Institute for the World Economy After the synchronous downturn we now
More informationIn todays world, far too many people struggle financially
R E A L F R E E D O M R E A L S I M P L E Disclaimer Unifii Corporation LLP delivers Trade Strategy signals, alerts, research, analysis and convenience tools that are sent to subscribing members via email,
More informationThoughts and Concerns: 1) During the July to September quarter the financial turmoil surrounding Greece and Europe increased in its intensity.
Thoughts and Concerns: 1) During the July to September quarter the financial turmoil surrounding Greece and Europe increased in its intensity. In an effort to support the European banking system (and indirectly
More informationWEALTH CARE KIT SM. Investment Planning. A website built by the National Endowment for Financial Education dedicated to your financial well-being.
WEALTH CARE KIT SM Investment Planning A website built by the dedicated to your financial well-being. Do you have long-term goals you re uncertain how to finance? Are you a saver or an investor? Have you
More informationWhy is Sionna Market Weight Gold? (The following is based on a presentation from earlier this year).
October 2009 Why is Sionna Market Weight Gold? (The following is based on a presentation from earlier this year). It is commonly accepted wisdom that value managers tend to avoid gold stocks. Why? In general,
More informationA News and Notes Exclusive
A News and Notes Exclusive An Excerpt on Monetary and Fiscal Policy from Chapter 7 of Economics for Dummies By Sean Masaki Flynn Fighting Recessions With Monetary and Fiscal Policy In This Chapter * Using
More informationBrace Yourself For A Stock Market Drop! (02/02/2015)
Stock Market Barometer The Most Influential Financial Newsletter Read By Over 500 Hedge Fund Managers and Thousands of Elite Investors ~ February 2,2015 Brace Yourself For A Stock Market Drop! (02/02/2015)
More informationCRYPTOCOIN WHITE PAPER
CRYPTOCOIN WHITE PAPER ABSTRACT Reales coin are here to be a commodity that can be easily used and accepted worldwide, offering very low volatility, while generating increments in value to the coin holders
More informationAdventures in Monetary Policy: The Case of the European Monetary Union
: The Case of the European Monetary Union V. V. Chari & Keyvan Eslami University of Minnesota & Federal Reserve Bank of Minneapolis The ECB and Its Watchers XIX March 14, 2018 Why the Discontent? The Tell-Tale
More informationIn a super-sized Bear Market, a Bull Market mindset is Insane
August 9, 2014 In a super-sized Bear Market, a Bull Market mindset is Insane After 14 years of Supercycle Bear Market, the vast majority of investors persist in a Bull Market Mindset. Despite foreshadowing
More informationForex Illusions - 6 Illusions You Need to See Through to Win
Forex Illusions - 6 Illusions You Need to See Through to Win See the Reality & Forex Trading Success can Be Yours! The myth of Forex trading is one which the public believes and they lose and its a whopping
More informationThe impact of the economic crisis upon Cyprus
Scientific Papers (www.scientificpapers.org) Journal of Business Management and Applied Economics The impact of the economic crisis upon Cyprus Authors: Elena Huma, Institute of Doctoral Studies, Academy
More informationEUROPE LEADS FLIGHT TO QUALITY
EUROPE LEADS FLIGHT TO QUALITY Our cautious stance has paid off this quarter as many of the risks we were concerned about have begun to play out. This has led to a flight to quality, which is where we
More informationTo fully understand the dramatic turns in the financial markets that
01_chap_murphy.qxd 10/24/03 2:06 PM Page 1 CHAPTER 1 A Review of the 1980s To fully understand the dramatic turns in the financial markets that started in 1980, it s necessary to know something about the
More informationAnalysis and Action Why is Inflation so Low?
Analysis and Action Why is Inflation so Low? By Tom Slefinger, Senior Vice President, Director of Institutional Fixed Income Sales at Balance Sheet Solutions, LLC. Tom can be reached at tom.slefinger@balancesheetsolutions.org.
More informationThe Future of EMU and the Netherlands' place in Europe
The Future of EMU and the Netherlands' place in Europe Thank you for this opportunity to exchange views with you on this topical issue. Thank you also for arranging for me to do so amid the splendour of
More informationChapter 02 Test Bank - Static
Chapter 02 Test Bank - Static Student: 1. Only small companies can go through financial markets to obtain financing. 2. The reinvestment of cash back into the firm's operations is an example of a flow
More information