How Public Pensions Could Trigger The Next Financial Crisis Public pension funds continue to demonstrate their bottomless appetite for credit and related products. However, the repeated setting of new records for credit allocations isn’t the most interesting thing about this trend. One analyst suggests all these new credit allocations could bring about the next financial crisis because they will be very…

US Dollar Status as Global Reserve Currency Edges Down Further Is the euro dead yet? And how is the Chinese Renminbi doing? Total global foreign exchange reserves, in all currencies, rose to $11.4 trillion in the fourth quarter 2018, according to the IMF’s just released COFER data. These foreign exchange reserves do not include the Federal Reserve’s holdings of dollar-denominated assets, such…

ECB Inflationists are Crippling Europe Last week, the ECB announced the reintroduction of targeted long-term refinancing operations for the third time. TLTRO-III is scheduled to start from next September. The idea is to make yet more money available for the banks at attractive rates on condition they increase their lending to non-financial entities. The policy is justified because the ECB…

Here’s why the Federal Reserve rejected the safest bank in America In the spring of 1692, an energetic young Scotsman named John Campbell started a new business in central London. Campbell was a goldsmith, and his business sold jewelry and other crafted metals like plates and silverware. But Campbell’s new company had another business line as well: banking. And the…

The Hidden Profit Inside Silver Eagles Gold was fairly steady overnight, trading either side of unchanged in a narrow range of $1288.25 - $1294.  It rose to its $1294 high during Asian time (capped by the top end of the old support level of $1291-94) as the US dollar softened (DX from 97.27 – 97.07).  The dollar was pressured by…

The Hidden Profit Inside Silver Eagles Most precious metals investors expect to reap a profit on their gold and silver as a result of higher spot prices. But what if I told you that when selling certain types of coins, you could gain another layer of profit when you sell? A little leverage on the spot price when it rises. It’s entirely…