Monty Pelerin's World

Economic, Financial and Political Analysis

Tag archives for Euro

Currency Wars Heat Up

Mish has a column on currency wars and how each country wants its currency to weaken against other currencies. These objectives are obviously impossible and represent a road to ruin and inflation. Here is Mish's summary: What We Know The US wants a lower Dollar Eurozone ministers want a lower Euro Japan wants a lower Yen [...]

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Are We Seeing A Change In The Character of Markets?

investingages

The following table provides last week’s returns on a variety of assets:   Close Gain/Loss On Week Gold $1736.50 +$36.20 +2.64% Silver $33.65 +$1.01 +6.00% XAU 179.28 +3.17% +5.53% HUI 483.38 +2.77% +5.45% GDM 1391.77 +2.65% +5.16% JSE Gold 2372.63 +50.99 +7.00% USD 80.18 -0.91 -1.27% Euro 128.10 +1.78 +1.80% Yen 127.79 +0.99 +0.02% Oil [...]

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Euro as Dodo Bird

Don’t count on the survival of the Euro. It was a Frankenstein-type creation in the first place, forced by the political elites who wanted to expand their power base. That done, the fissures and cracks began almost immediately. Now, we are on the verge of a complete break-down, one that is unavoidable no matter how [...]

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Europe As A Preview of America

The article below by Chris Freind is about Europe but is equally applicable to the US and other governments which have exceeded limited roles. The nature of power and its corruption is universal, unaffected by borders, ethnicity or language. Government power is a scourge that threatens the freedom and very existence of mankind. Its negative [...]

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Gold And The Dow Went Separate Ways Today

gold obama

Today is an interesting day in the stock market. As I write, the Dow is off about 100 points. That is not new, at least for the last couple of weeks. What is new is the move in precious metals — up strongly! GLD is up $3.30, SLV and CEF are both up over 3%. [...]

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