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EU To Limit Cash Withdrawals to 100-200 Euros per day If a Bank Goes Down

The model in Cyprus of limiting cash withdrawals from banks is being adopted in the EU for the entire system. The European idea of socialism is the sustainability of the government – not the survival of the people. Europe continues to destroy its economic future by undermining public confidence in their entire financial system, http://translate.google.com/translate?sl=de&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fdeutsche-wirtschafts-nachrichten.de%2F2013%2F08%2F07%2Fneue-eu-regel-sparer-muessen-um-guthaben-unter-100-000-euro-bangen%2F

Fed is Very Concerned About Rise in Rates

Interest Rates are not actually within the scope of the Fed’s power. It can create a base rate, but everything from there is indirect. That is why the Fed bought in 30 year bonds. It was hoping to create a shortage of long-term to reduce mortgage rates and encourage capital to buy mortgages. Everything they […]

FDIC-Bank of England – Bail-In

  Resolving Globally Active, Systemically Important, Financial Institutions A joint paper by the Federal Deposit Insurance Corporation and the Bank of England   10 December 2012           Resolving Globally Active, Systemically Important, Financial Institutions Federal Deposit Insurance Corporation and the Bank of England     Executive summary   The financial crisis […]

Asset Allocation Blog

We have received numerous requests from old institutional clients that they need help on asset allocation. Even the famous All Weather Bridgewater Fund used by pension funds is under water. The asset allocation modeling that we have done for institutional clients over the years is adopting the most dramatic changes how portfolios should be restructured […]

Interest Rates – Just Amazing

There is a tremendous degree of hidden order behind everything. Here is a chart we have been publishing for decades. We created a continuous chart of the US government 30 year bonds back to inception. Look at the uptrend line. We reached our target objective here and it was a retest of that technical line. […]

The Fed is so Short they need a High-Chair

QUESTION: Dear Mr. Armstrong, What does it suggest when Governments decide to switch from issuing long-term bonds to short-term bonds? Does this occur because of such a collapse in confidence the country/government that even high yields don’t attract investors any longer? I have read that recently, several South American governments/corporations are having difficulty selling their […]

Gold & 2015.75

QUESTION: If gold is a hedge against government, then that would explain why gold rose from 2007.15 to 2011.45, a period which your model shows lower confidence. If confidence in government is now rising, as predicted by your model, regardless of the inflation, people have confidence in QE, etc so will feel less need to […]

Corzine & Futures

“Martin, I have worked in the futures market for 20 years and what a great business! Unfortunately, Corzine turned up and destroyed our “Sleepy futures operation and hell.. what do they know….. I am an ex GS CEO…”. – Let me tell you for the record, he bought Greek bonds in size in 2010!! “Mr […]

The End of Everything Has Arrived

A new EU Directive provides that compulsory levies in Cyprus will be charged over the weekend. At a meeting of EU finance ministers in Dublin, Commissioner Michel Barnier confirmed that the the people are responsible for the bank they deal with. Depositors will risk their money after the Bank’s shareholders and creditors of banks. It’s amazing […]

Cyprus Proposal

Cyprus Proposal  March 27th, 2013, 5:00PM EST Cyprus Proposal   The paramount questions remain:   1)     What is the end-game solution for the Euro? 2)     How will the Euro survive after the Cyprus solution? 3)     What is to be accomplished by staying in the Euro and suffering the indignities Brussels is inflicting upon Cyprus? 4)     […]