An interesting paragraph I just found in International man ou Doug Casey newsletters. Interesting enough to be shared. It will help you to make sense of it all… Much worse than that of 2007-2009. Governments, who are all bankrupt, borrow…
Bonds are no longer assets. They’re liabilities. You might find this hard to believe. After all, most folks think of bonds as a safe way to grow their money. For decades, you could make a decent return of 5% or…
• Italy’s banking system is a disaster… Financial Times reported last week: The amount of gross non-performing loans held by the [Italian] banks increased 85 per cent to €360bn in the five years to 2015… The total stock of bad debts…
