3 August, 2014 by The TZ Newswire Staff Comments Off on Money Creation – "So Simple The Mind Is Repelled"
Money Creation – "So Simple The Mind Is Repelled"
As John Kenneth Galbraith famously stated, “The process by which money is created is so simple the mind is repelled.” As Peak Prosperity’s Chris Martenson explains (as part of his excellent Crash Course), essentially, money is lent into existence though fractional reserve banking. The dollars you deposit at the bank? They turn into nearly 10x that amount as your bank subsequently makes loans using that money as collateral.
3 August, 2014 by The TZ Newswire Staff Comments Off on BofA Warns Euro Bank Stocks Are Rolling Over, "Negative For All Risk Assets"
BofA Warns Euro Bank Stocks Are Rolling Over, "Negative For All Risk Assets"
Despite the recent significant weakness in the broader European and US equity indices, European bank stocks are only just beginning to resume their larger downtrend (as the hopes of a Draghi put remained firm until the last few days of BES debacle). As such, BofA’s Macenil Curry believes, they are likely to be the catalyst for the next leg of “risk off” and in that environment EURUSD should continue to suffer.
Via BofAML,
Chart of the week: European bank stocks are rolling over
3 August, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: Warning: That plunge in stocks is just the beginning
NewsWatch: Warning: That plunge in stocks is just the beginning
The S&P 500 suffered its biggest weekly drop in two years.
3 August, 2014 by The TZ Newswire Staff Comments Off on US Foreign Policy In One Cartoon
US Foreign Policy In One Cartoon
3 August, 2014 by The TZ Newswire Staff Comments Off on G-20 Revolt? France Gets "Positive Reception" To Challenge US Bank Fines
G-20 Revolt? France Gets "Positive Reception" To Challenge US Bank Fines
In recent weeks France has defied US demands not to build Mistrals for Russia, has questioned dollar imperialism and the Petrodollar, and has blasted the US banking regulator’s fines as “accelerating the decline o
3 August, 2014 by The TZ Newswire Staff Comments Off on Economic Preview: Paltry credit-card debt growth signals restrained consumer
Economic Preview: Paltry credit-card debt growth signals restrained consumer
The lack of wage growth has been apparent, and one manifestation of that has been the paltry growth of credit-card debt.
3 August, 2014 by The TZ Newswire Staff Comments Off on This Technology Giant Wants to Bring $50 Smartphones to Emerging Markets
This Technology Giant Wants to Bring $50 Smartphones to Emerging Markets
Intel thinks it can effect positive change on the smartphone market, but it needs to get in the game first before investors will believe it.