Speaking on a recent CNBC broadcast, Peter Schiff, president of Euro-Capital, said, “The bond market is the mother of all bubbles right now. When it bursts the losses will dwarf the combined losses...
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Posted by Bill Haynes on September 2nd, 2010
Category: Economic Crisis
Dr. Faber, the keynote speaker at the May 22nd NYC Mises Circle Seminar, had no good news about the status of the world’s financial affairs. He is of the opinion that all sovereigns will continue to...
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Posted by Bill Haynes on June 4th, 2010
Category: Economic Crisis
Friday, the FDIC closed eight banks, three in Florida, two in California, and one in each of three other states: Michigan, Massachusetts and Washington. So far this year, the FDIC has closed fifty banks,...
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Posted by Bill Haynes on April 18th, 2010
Category: Economic Crisis, Money
The seminar was as stimulating and informative as expected. What surprised me was the humor with which most speakers delivered such important and grave messages. The seminar also was as well-run as...
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Posted by Bill Haynes on April 12th, 2010
Category: Economic Crisis, The Dollar, The Federal Reserve
A recent Financial Times noted that the proposed overhaul of US financial rules threatens the credit ratings of Bank of America and Citibank. Standard & Poor’s, one of the world’s top two credit...
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Posted by Bill Haynes on February 15th, 2010
Category: Economic Crisis, Federal Finances, Interesting Issues, Money
Much confusion continues to reign as to whether the world’s financial system is suffering from inflation or deflation. Given the brilliance of some of the commentators on today’s financial...
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Posted by Bill Haynes on May 13th, 2009
Category: Economic Crisis