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Why China really needs to step up its gold purchases
Central banks own most of the world’s gold (30,562 tonnes compared to 2,158 tonnes in […]
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How Dr. Ben Copperfield makes trillions disappear – twice
Fed Chairman Ben Bernanke is a magician. He can make trillions of debt disappear. Impossible? […]
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Road Map to Ruin
Budget deficits in “good” times, build-up of government debt Few countries’ (GER, NED) exports […]
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Greece: Two Bail-outs and a Funeral
Here we go again. Another bail-out. [Sigh.] I’ll try to make this as entertaining and […]
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Merkel to Sinn: “In my office. NOW.”
Hans-Werner Sinn, head of German research institute Ifo, has just put his life into peril. […]
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Investment choices in a world of incompetent central bankers
Much of the following next is an excerpt from the May 2011 “Letter to investors”. This is […]
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Looking back: “We are buying Greek government bonds!”
May 3, 2010. The EU and the IMF have just announced a EUR 110bn bail-out […]
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Hungarian adventures in CHF: Laszlo wasn’t alone drinking CHF-laced Kool Aid
In 2006 and 2007, more than 90% of new Hungarian mortgages were denominated in foreign […]
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Greece: What I learned from a Vietnamese Rickshaw Driver
Traveling through Vietnam provided a few valuable lessons for life. You arrive, armed only with […]
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Is this a buying opportunity?
The earthquake and nuclear situation in Japan has triggered a sell-off in the equity markets. […]