Our current fiat currency standard is terminal, nations around the world are dropping the U.S. dollar as a medium of exchange, central banks are buying gold, and Americans are seeing price inflation during an economic downturn. In order to avoid a systemic financial crisis here in the U.S., we need to focus on solutions. This mini-documentary expounds the problems and ...

Stocks have soared since 2009 because the Fed's quantitative easing has - intentionally - pumped them up. They've also skyrocketed because the Fed and other central banks are directly buying stocks. NBC News reports on a third major reason that stocks took off ... corporate buybacks: It's the narcissist rally.   *** You may want to spare a thought, and ...

Following up on the many emails, but not so many actual site comments from yesterday's post "Deadbeat Carrier Creative Destruction In The Ongoing Mobile Computing Wars" I bring you hard evidence that there's about to be a massive disruption in the telecomm space. We're not just talking Google Fiber here. The smallest, most upstart of carriers has broken the holy grail and ...

The main development in the foreign change market over the past week has been the short squeeze of the yen, and to a lesser extent, the Swiss franc. The move coincided with a backing up in JGB yields, with the 10-year approaching the 1.0% threshold, a nearly three-fold increase since the BOJ announced its more aggressive monetary stance in early ...

Note from dshort: One of my economic correspondents, James Ross, called my attention to the fact that the NYSE has released new data for margin debt, now available through April. I've updated the charts in this commentary to include the new numbers. The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can ...