bank

One month ago, Citi's credit team laid out its outlook for the coming year in what - in our opinion - was one of the gloomiest reports for the coming year, and included the following fascinating revelation according to which central bankers appears to have lost control: "That seems to be a growing fear among a number of central bankers that we have spoken to recently. In our experience, they too are somewhat baffled by the lack of volatility and concerned about the lack of response to negative headlines....

Authored by James Rickards via Bonner & Partners,

To paraphrase one of the great gems of Wall Street wisdom, “Nothing infuriates a man more than the sight of other people making money.”

That’s a pretty good description of what happens during the late stage of a stock market bubble. The bubble participants are making money (at least on a mark-to-market basis) every day.

U.S. equity futures are little changed with the GOP Tax Plan now a done deal and no more daily "pricing in" of tax reform possible, as traders nerviously look to see if others will now be "selling the news", a preview of which we got yesterday when US equity indexes closed red across the board despite Trump's biggest legislative win to date, while bonds were spooked by the blowout in government debt needed to fund the giveaways.

Authored by Paul Tustain via BullionVault.com,

Governments have abused and distorted our money. How about a 'Bitcoin standard'...?

THIS is a subsection of a book that's coming later.

It seemed worth publishing now,  writes Paul Tustain, founder and chairman of BullionVault and co-founder of WhiskyInvestDirect.

What is money?

‘Gold Strengthens Public Confidence In The Central Bank’ – Bundesbank