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As Kris sets off to work on the next issue of Australian Small-Cap Investigator, I’ve got to be honest, I was scratching my head this morning wondering what to write about.
I thought about tackling property (again), but I’ve only just emptied the Money Morning mailbag from yesterday and so didn’t want to create more work [...]

“Just allow it…just admit it. It doesn’t matter where the inflation comes from. Just let it stay…”
SLASHING the Bank of England’s base interest rate to an historic low of 0.5% was supposed to “rebalance” the economy…tipping it away from galloping consumption towards an export-led recovery.
But all that the Pound’s slump since rates began sinking [...]

How long will people choose to hold any wealth in cash given it’s losing value thanks to negative real rates of interest…?
PEOPLE don’t always do what policy-makers expect or demand of them. And a good job, too.

“The household saving rate is likely to rise,” said Bank of England governor Mervyn King in May 2008 – [...]

So, who gets to play Lehmans in this comedic repeat…?
ISN’T GREECE marvellous?
Paying income tax, or any kind of tax it would seem, has been entirely optional. Which should have powered its economy like 1960s’ Hong Kong.
But public spending, however, accounts for 40% of GDP. So who financed that spending if so few people paid?
Last year, [...]

Well, this is a pretty pass. Deflation in all things except inflation…
THEY WERE SUPPOSED to avert depression. The Bank of England continues to tout their “success”.
But it looks like the best that money-printing and zero rates might now deliver is ’70s-style stagflation, plus ’30s-style wealth destruction and a glacé cherry on top.
Giving Britain its “stag” [...]

THE PRICE OF GOLD was little changed Thursday morning in London, recording its lowest AM Fix since Nov. 13th at $1125 per ounce as the US Dollar held onto this week’s rally on the currency market.
Both the Swiss and UK central banks kept their key interest rates at historic lows of 0.25% and 0.50% respectively.
Gold [...]

THE PRICE OF GOLD sank through $1200 an ounce for the first time in 3 days on Friday, falling fast to $1190 and below on news that US unemployment rose by just 11,000 last month.
Wall Street analysts had expected 111,000 job losses for November. The unemployment rate ticked down to 10.0%.
“We are bullish while [gold] [...]