2011

In broad strokes, today's investment world seems to be divided into two large groups - gold optimists who expect the metal price to keep ascending, and skeptics concerned about a near end to the gold bull market. In this brief overview we…

Bair is too diplomatic to name names. But she is as blunt and direct as you can be without doing so. While no names were named it is abundantly clear from the Nocera piece at whom she points a disapproving finger: Paulson, Summers,…

This post explains both the wellspring and the significance of currency sovereignty, something that Eurozone countries gave up to join the single currency.

Tolstoy tells us in the first line of Anna Karenina that "Happy families are all alike; every unhappy family is unhappy in its own way." This is directly applicable to Europe. It is easy to tar all (growing) peripheral countries with the…

The problem is if “markets become skittish about Spain or Italy, which cannot be bailed out. So EU leaders will cut Greece loose” and indeed, there is talk about doing just that – allowing Greece to default. The policy of extend and pretend…

Android’s adoption is all about upgrades and not about switching. I see this as a land grab right now. The operating systems that can grab as much share as possible while people are upgrading from cheapie phones to inexpensive Smartphones…

As Michael Lewitt says, "the interconnected nature of global financial markets render Europe's problems the world's problems. There is no longer any periphery."

Now that Italian bonds are getting crushed and contagion is clearly spreading to the core, Greece will have to be cut loose.

Multiple news sources are reporting about a secret meeting due to take place on Monday amongst European officials to discuss the deepening sovereign debt crisis that has now spread to Italy. Below is my translation of an article in German…

Marshall Auerback argues that President Obama remains close to Wall Street via Geithner, Summers, Rubin, et al. Given the strong mutual cultural antipathy between Wall Street 'Yankees' and Southwestern 'Cowboys', it is not surprising that…