In Pamplona, Spaniards run with the bulls. In Athens, Greeks run on the banks. Yes, folks a good, old-fashioned bank run is underway in Greece.
The “Corzine-Dimon Syndrome”
May 15, 2012 By Leave a Comment
On its best days, the American judicial process is a blindfolded Lady Justice — prosecuting the truly guilty and exonerating the truly innocent. On its worst days, it is a Water Wiggle — whirling around unpredictably, without any apparent connection to guilt, innocence, Constitutionality or the proportionality of alleged crimes to one another.
[Read more...]The “Corzine-Dimon Syndrome”
May 15, 2012 By Leave a Comment
On its best days, the American judicial process is a blindfolded Lady Justice — prosecuting the truly guilty and exonerating the truly innocent. On its worst days, it is a Water Wiggle — whirling around unpredictably, without any apparent connection to guilt, innocence, Constitutionality or the proportionality of alleged crimes to one another.
[Read more...]How Bailouts Encourage Bad Behavior
May 8, 2012 By Leave a Comment
Greece returned to Europe’s center stage this morning…and almost no one was happy about it. Most investors were pretty content when this “Debbie Downer-opoulos” of the European financial markets disappeared behind the curtains for a while.
But Debbie took the stage again Sunday when the left-wing Syriza party gained a surprisingly large number of seats in Parliament. The leftists hope to form a coalition government that would nationalize banks, repeal recent labor reforms and immediately cancel the bailout accords with the European Union and the IMF.
[Read more...]How Bailouts Encourage Bad Behavior
May 8, 2012 By Leave a Comment
Greece returned to Europe’s center stage this morning…and almost no one was happy about it. Most investors were pretty content when this “Debbie Downer-opoulos” of the European financial markets disappeared behind the curtains for a while.
But Debbie took the stage again Sunday when the left-wing Syriza party gained a surprisingly large number of seats in Parliament. The leftists hope to form a coalition government that would nationalize banks, repeal recent labor reforms and immediately cancel the bailout accords with the European Union and the IMF.
[Read more...]Preparing for a Lengthy and Unpredictable US Dollar Crisis
May 1, 2012 By Leave a Comment
“On the threshold of a crisis,” we observed in our essay “Investing Ahead of the Curve” in the July 19, 2011 edition of The Daily Reckoning, “a fertile imagination can be an investor’s most valuable asset.”
[Read more...]
Greeks Run on Banks as Euro-Confidence Wanes
In Pamplona, Spaniards run with the bulls. In Athens, Greeks run on the banks. Yes, folks a good, old-fashioned bank run is underway in Greece.
[Read more...]