Showing posts with label Soars. Show all posts
Showing posts with label Soars. Show all posts

Thursday, January 15, 2015

"It's Carnage" - Swiss Franc Soars Most Ever After SNB Abandons EURCHF Floor; Macro Hedge Funds Crushed

There are many counterintuitive cross-currents due to the Swiss National Bank removing the peg between the Swiss Franc and the Euro, but one unintended consequence is prices of precious metals soared--at least when priced in USDollars.  In stark contrast, the price of gold--when priced in USDollars--plummeted due to the violent appreciation of the Swiss Franc.

The currency wars continue to wreak havoc on forex speculators and global financial systems, with far-reaching implications for the average consumer.

http://www.zerohedge.com/news/2015-01-15/its-tsunami-swiss-franc-soars-most-ever-after-snb-abandons-eurchf-floor-macro-hedge-

Thursday, July 10, 2014

Tuesday, December 24, 2013

Demand for food stamps soars as cuts sink in and shelves empty

America, home of the poor and hungry...but hey, it's all good as the prices of trophy real estate, rare art, diamonds, and stock markets are all soaring, right?

What Americans don't realize is the Fed's "stimulative" policies are enriching only the rich, while the rest of the economy is suffering.  Printing money out of thin air doesn't stimulate the economy.  It only deepens our country's debt problems.

http://www.theguardian.com/world/2013/dec/24/food-stamps-programmes-cuts-working-americans-texas

Saturday, July 27, 2013

Gold Smuggling Soars In India

Gee, given the Indian government is trying to suppress demand for gold by taxing the hell out of it, no one saw smuggling soaring, right?

http://www.zerohedge.com/news/2013-07-26/gold-smuggling-soars-india