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Daily Archives: April 12, 2013
Blast from the past with the Iron Lady
“How tough was Margaret Thatcher? Have a look at this 60 Minutes interview from 1985, in which the “Iron Lady of Britain” lives up to her nickname. At the time, Prime Minister Thatcher was under fire from critics and flailing … Continue reading
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Commodities and bond yields voting deflation
Energy and metals are tumbling today, continuing a cyclical downtrend that has been in play since the consumer credit-fueled demand bubble burst in 2008. Gold and silver are leading the fall, down nearly 5 and 4% on the day, oil … Continue reading
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Global risks emanating from China
Jim Chanos updates on the credit and real estate bubble in China and why this presents a major risk to the global economy: ” Things can take a long time to build up but when they go, they can go … Continue reading
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