Juggling Dynamite

Danielle was a guest today with Kerry Lutz on The Financial Survival Network talking about recent developments in the world economy and markets.  You can listen to an audio clip of the segment here.

The wheels of central planners are coming off all over.

As Russia is re-learning this morning, Central Banks tinker at the edges of sentiment. Sometimes they are successful in swaying it one way and another–at least for a while. But in the end, their ‘bold’ interventions fail miserably, lurching from one crisis to the next, evaporating buckets of taxpayer dollars in the process.  See: Russian rate hike fails to stop the Ruble’s crash.

Here is a direct video link to a BBC documentary on the Sterling crash of September 1992 when the British government lost ‘control’.

Contagion is spreading through the world’s closely coupled risk markets.

Senator Elizabeth Warren spoke on the floor of the Senate on Dec. 12, 2014 about the provision that Citigroup added to the omnibus budget package.  Here is a direct video link.