Excessive leverage and risk in the financial system, e.g., using customer funds to speculate, never ends well. Stock market crashes, bank and investment firm failures or economic recessions are all potential consequences. Following the failure of the United States to regulate over the counter (OTC) derivatives...
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Hera
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Ron Hera
on
Fri, Nov 16 2012
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Filed under: Federal reserve, CPI, deflation, inflation, GDP, IMF, Great Depression, CDS, unemployment, debt monetization, too big to fail, International Monetary Fund, Gross Domestic Product, Consumer Price Index, MBS, mortgage backed securities, over the counter derivatives, European Central Bank, ECB, Baltic Dry Index, sovereign default, bank failure, credit default swaps, BDI, monetary policy, OMT, recession, stock market crash, liquidity, QE3, quantitative easing III, systemic collapse, outright monetary transactions, market intervention, stagflation, tax increases, austerity measures, savings, U.S. Treasury, bank credit, stagnation, economic opportunity, Federal Reserve Chairman Ben Bernanke, instability, entrepreneurship, public funds, jobs, financial crisis, operation twist, bond yields, living standards, financial repression, Carmen M. Reinhart, OTC derivatives. Glass-Steagall Act, interest rates, net loss, middle class, consumer incomes, innovation, economic recovery
one could ROTFL. (TD till death ;() Really I posted that the central bank is not allowed to finance states. Well fact is the EZB has bought bond on the secondary markets. Well obviously for lawyers this makes a "big" difference. The economic result still was the EZB has financed especially...
I don't know why but my last entry is gone. It was a message to Mr Draghi: Here are the relevant part of the rules for the ECB: Alticfe 104 1. Overdraft facilities or any other type of credit facility with the ECB or with the central banks of the Member States (hereinafter referred to as "national...
The Hera Research Newsletter is pleased to present the following insightful interview with John Embry, Chief Investment Strategist of Sprott Asset Management LP, where he plays an instrumental role in the corporate and investment policy of the firm. Mr. Embry, who is a world renowned expert on the gold...
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Hera
by
Ron Hera
on
Sun, Jul 1 2012
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Filed under: Federal reserve, deflation, inflation, Gold, Euro, Hyperinflation, silver, FOMC, Ben Bernanke, U.S. dollar, gold standard, European Central Bank, ECB, People's Bank of China, John Embry, Federal Reserve Open Market Committee, Sprott Asset Management, Eric Sprott, PBoC
The Hera Research Newsletter is pleased to present a fascinating interview with Martin A. Armstrong, founder and former Head of Princeton Economics, Ltd. In the 1980s, Princeton Economics became the leading multinational corporate advisor with offices in Paris, London, Tokyo, Hong Kong and Sydney and...
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Hera
by
Ron Hera
on
Sun, Jul 1 2012
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Filed under: Euro, Great Depression, U.S. dollar, MBS, mortgage backed securities, Long Term Refinancing Operation, British pound, Federal Deposit Insurance Corporation, European sovereign debt crisis, SIPC, LTRO, LTCM, European Central Bank, EFSF, Securities Investor Protection Corporation, Long Term Capital Management, European Financial Stability Fund, EFSM, European Financial Stabilization Mechanism, Japanese yen, Federal Reserve System, FDIC, ECB
Please, click here to read this article in pdf format: March 18 2012 We are back from Washington DC and realize that we could choose different titles for today’s letter. Let’s try a few… Title No.1: “The market proved us wrong” Indeed, we have been, and continue to be ...
Posted to
A View from the Trenches
by
Martin Sibileau
on
Sun, Mar 18 2012
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Filed under: Atlantic, KreditAnstalt, correlation, stocks, central banks, Greece, gold, Fed, financial repression, swaps, price system, 1931, ECB, Hayek, currency swaps
Mrs Lagard will follow Strauss Kahn. http://mises.org/Community/blogs/fdominicus/archive/2011/05/23/thanks-but-not-to-mrs-lagarde.aspx Oh well now we have another potential defrauder and definitive a centralist at the top if the IMF. Now I bet Greece will get some more money, even if the IMF has guide...