Global Intelligence
Forex is the most simple market in the world. As we explain in our book Splitting Pennies – Forex is the underpinning of the world’s financial system. Although it is also the least understood market, there’s nothing ‘sophisticated’ about FX. Take a dollar, exchange it for a euro. The rate changes – exchange it back. Simple! Trading money.
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A family was driven from their suburban St Louis home by thousands of venomous spiders that fell from the ceiling and oozed from the walls. Brian and Susan Trost bought the $450,000 home overlooking two golf holes at Whitmoor Country Club in Weldon Spring in October 2007. Soon after that, they started seeing brown recluse […]
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Submitted by Mike Krieger of Liberty Blitzkrieg blog, In an apparent attempt to advise investors on how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50-page research report, Morgan Stanley has put together some very interesting charts.. We will be sharing many of them in the next few days but […]
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Billionaires are holding mountains of cash, offering the latest sign that the ultra-wealthy are nervous about putting more money into today’s markets. According to the new Billionaire Census from Wealth-X and UBS, the world’s billionaires are holding an average of $600 million in cash each—greater than the gross domestic product of Dominica. That marks a […]
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The most important thing to know about the state of the United States economy was revealed in a report Tuesday morning that Wall Street barely noticed. Every year, the Census Bureau delivers a sweeping set of numbers that give the richest annual picture of how much Americans are making, how many are living in poverty, […]
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There is a reason why in the past we have referred to Russia simply as Gazpromia [2]. Here is why… [3] And a little more color on this soon-to-be-critical company… Pages 10-12 are of particular importance… [4] Gazprom Investor Day Presentation – Mar 3 2014 [5]
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Russia threatened to dump its U.S. treasuries if America imposed sanctions regarding Russia’s action in the Crimea. Zero Hedge argues that Russia has already done so. But veteran investor Jim Sinclair argues that Russia has a much scarier financial attack which Russia can use against the U.S. Specifically, Sinclair says that if Russia accepts payment for oil and gas in […]
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If it was the intent of the West to bring Russia and China together – one a natural resource (if “somewhat” corrupt) superpower and the other a fixed capital / labor output (if “somewhat” capital misallocating and credit bubbleicious) powerhouse – in the process marginalizing the dollar and encouraging Ruble and Renminbi bilateral trade, then […]
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Following the default of 2 more corporations last night, Hang Seng’s index of China Enterprises plunged to 8-month lows and officially entered bear market territory. Overnight angst in the Chinese currency markets (which saw the Yuan trade back to 1-year lows) has sparked broad commodity weakness (as CCFD unwinds en masse) with copper giving back most of yesterday’s […]
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Submitted by Tim Staermose of Sovereign Man blog [8], Forget tapering. Forget Ukraine. The largest single risk to the world economy and financial markets right now is China. What’s going on in China reminds me a lot of what I witnessed firsthand when I lived in South Korea in the 1990s, before that economy’s crash in 1998. […]
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