Who is selling gold? This is the most interesting question today. To be honest, we must point that gold is not the only asset that is going down. Most of assets are going down due seemingly to Bernanke verbal market manipulations. But in fact the same comments from the outgoing FED Chairman could do exactly the opposite. They could be interpreted as a risk for increasing interest rates that will lead to a bankrupt of the Federal government and this could make safe havens more attractive. So who is selling gold?
Read more...EU finance ministers have made a right decision to move the losses of banks to shareholders and creditors. Anyway they have left some options for losses for taxpayers that make the decision not clearly capitalistic.
Read more...The spy case with Edward Snowden will have much bigger than seen at the moment consequences. And most of them will be not political, but economical.
Read more...The famous media historian Niall Ferguson has published a new book entitled The Great Degeneration: How Institutions Decay and Economies Die. This is the latest and probably a true prophecy on the end of the Western Civilization.
Read more...China faces its own similar to 2008-2009 financial crisis and it is a very interesting moment whet will be its reaction. Will it follow the FED and EU practice of a massive money print in an effort to save its troubled banks, or will leave them meet the consequences of their investments.
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