currencies Recent Articles

The Greeks Vote “No”

Chuck Butler

Chuck Butler reports on the European Central Bank's Emergency Liquidity Assistances, and if they will continue to fund Greek Banks given the "no" vote...


To Die and Let Live

Addison Wiggin

Addison Wiggin discusses the importance of “creative destruction” and why modern civilization, especially in capitalist societies, is determined to ignore it.


The Fed Does The Old Texas Two-Step…

Chuck Butler

The Fed leaves rates unchanged... the dollar gets sold on the Fed news... SNB stays steady, the Norges Bank cuts rates... while Russia and China drop their Treasury holdings and more in today's Daily Pfennig...


The Fed Is Funneling the Herd Off a Cliff

Charles Smith

Almost every statistic and public utterance by Federal Reserve spokespeople or mouthpieces is designed to persuade us of several untruths. If you own stocks, bonds and real estate, chances are you're being herded off the cliff by them. Charles Hugh Smith reports...


Why We Hold Hard Assets II

Henry Bonner

Right now we’re seeing a surge of strength in the U.S. dollar, as the bottom falls out of our competitors’ currencies, and Jim Grant has the best analysis of what it means for investors. For one, it means the Federal Reserve can’t keep interest rates low forever. And mainstream investors may be very surprised when the Fed gives in…


Extra!Fed Banker in Charge of QE Says QE Is Abysmal Failure

Jason Farrell

Andrew Huszar, the Fed banker in charge of the Fed's epic asset purchasing program, says QE is a miserable failure. Yup, you read that right. And that's not all... In the very first sentence of his op-ed piece in the Wall Street Journal, he does something almost no central banker has ever done. Read on...