Fighting a harder Yuan while increasing domestic lending may pose new problems for China's central bank, PBoC. The Chinese central bank promised in a press conference last Friday to keep monetary policy loose. From Chinadaily : The government will not change its stimulus policies because it coul ... Read more

All money figures have become irrelevant as Treasury secretary Tim Geithner needs to come up with historic record amounts necessary to finance a $1.3 trillion - others say $1.84 trillion - budget deficit. Watching America's economic disaster from a car window may be a better guidance than many ... Read more

The ECB today released the extension of its central bank gold sales agreement (CBGSA) for another 5 years while cutting back planned sales from 500 to 400 tons annually. Maybe central banks have rediscovered that gold reserves are undoubtedly the best performing asset class on their balance s ... Read more

This chart may turn out to be the most important guidance from the past. Paper Economy blog delights the bears with this overlay of the Dow 1930 and the S&P 500 this year. Given the severity of this downturn and a Fed looking even more helpless now than 80 years ago I would not be surpri ... Read more

Looking at the chart above is another good eye opener of the biggest imbalance the world has ever seen. These days 3 jobs are the toughest in the world . Would you want to be in their shoes? US Treasury Secretary who has to raise $490 billion ( AP says it is $1.8 trillion ) in order ... Rea ... Read more

Counting the unprecedented amounts of private and personal debt in Europe and the USA is an impossible task. Just imagine to first identify all data input sources only to arrive at the point where debt data has to be offset with savings data, equa(tiona)lly difficult. As all this would be too much o ... Read more

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Referring to the header of my blog that presumes that we are experiencing a global redistribution of wealth towards Asia I came across the following article in the Chinese paper Sohu . Turn off your lying TV, trash the weekend paper you may be reading: This is nothing else then a declaration of ec ... Read more

If you stopped playing the markets, Goldman Sachs will make generate more than 52% of NYSE turnover. So who needs you anymore, you poor bummer? Animation courtesy of Mark Fiore ... Read the full post ... Read more

TABLE: If you still have doubts about allocating a little of your portfolio into silver, these historic gold/silver ratios may make you think twice. Table courtesy of John F. Chown's " A History of Money " Today the gold/silver ratio stands at 67,98 - I hope to have your permission to round it ... Read more