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Italian Border Police Seize Record Amounts of Gold, Cash
File this story under “You Can’t Get Out”. More “economic” crimes, which means you have to suffer the devaluation or confiscation of your money when the government ruins the economy, or … else. — JH...
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Eurozone GDP Falls In Q2
Today’s report by Markit on the Eurozone economy sobered up the markets a bit today: Falling output in the southern Eurozone economies offset rising output in northern countries to cause an overall...
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Greece’s Debt Bomb
Greece was able to float enough new debt to pay its old debt and avoid default. What a charade. They got the money from the bailout fund and used it to pay back the bailout fund: The auction, which...
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KeithGram: Euroland, Silver, and Gold
Last Thursday, in my subscribers’ newsletter I touched on a theme of the silver-euro correlation. Clearly, the euro is heading to zero (not necessarily immediately and not necessarily all at once) and...
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Bad Advice More Popular Than Ever
A BOOK advising married women to have affairs has sparked renewed interest in really bad advice. Experts say Catherine Hakim’s The New Rules of Marriage, which claims that having affairs makes...
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Draghi Acts: Is It Inflationary?
The European Central Bank (ECB) has decided to bailout its bankrupt members, mainly Italy and Spain, by buying their shorter-term bonds ( 1 to 3 years) with newly created money. The idea is to drive...
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As The Euro Tumbles, Spaniards Look To Gold
The unremitting deterioration of the eurozone’s sovereign debt landscape continues to fuel uncertainties about the longevity of the euro as a hard currency. Such uncertainties are not only leading to...
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More On Estonia: S&P Ratings
As a follow up to economist Frank Shostak’s article on Estonia yesterday, S&P affirmed their positive outlook on Estonia. — JH Estonia Ratings Affirmed At ‘AA-/A-1+’; Outlook Revised To Stable On...
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Wheelbarrows
“Sir, What could be more appropriate than rebranding euro bank notes with Europa* to improve security? The euro’s strength is a myth and its bosses’ attempted seduction is all bull.” - Clark McGinn,...
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European Industrial Production Has Accelerated to the Downside as It Did in...
Eurostat reports that October industrial production (IP) in the euro area dropped sharply in October, and was down 6.0% in the euro-zone and 4.0% in the EU (17 and 27 countries, respectively). Please...
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