Tag Archives: Cyprus

  • Blog

    2013 Year in Review

    Austerity is not a policy
    by David Collum

    Friday, December 20, 2013, 5:36 PM


    Every year, friend-of-the-site David Collum writes a detailed "Year in Review" synopsis full of keen perspective and plenty of wit. This year's is no exception. Moreover, he has graciously selected PeakProsperity.com as the site where it will be published in full. It's quite longer than our usual posts, but worth the time to read in full.

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  • Blog
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    The Periphery is Failing

    The next big economic dislocation might be only weeks away
    by Chris Martenson

    Tuesday, August 27, 2013, 8:04 PM


    For years we've preached the From the Outside In principle of markets: When trouble starts, it nearly always does so out in the weaker periphery before creeping towards the core.

    We saw this in the run-up to the housing bubble collapse, as sub-prime mortgages gave way before prime loans, and in Europe, as smaller economies like Greece, Ireland, and Cyprus have fallen first and hardest (so far).  We see this today in accelerating food stamp use among poorer U.S. households.  In each case, the weaker economic parties give way first before being followed, over time, by the stronger ones.

    Using this framework, we can often get several weeks to several months of advance notice before trouble erupts in the next ring closer to the center.

    Which makes today notable, as we're receiving a number of new warning signs.  The periphery is giving way.

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  • Daily Digest
    Image by JasonParis, Flickr Creative Commons

    Daily Digest 7/31 – India At Watershed, Detroit Has Bigger Problems Than Bankruptcy

    by saxplayer00o1

    Wednesday, July 31, 2013, 4:01 PM

    • Shipbuilders' losses seen widening
    • Bank of Cyprus deposits raid boosts finances
    • Greece sells state lotteries, clears way for OPAP sale
    • UK Losing Fight Against E-Crime Amid Budget Cuts, Parliamentary Committee Warn
    • Amid bankruptcy, Detroit has a bigger problem
    • Growing copper theft 'like an epidemic' sweeping US
    • India at a watershed as it confronts the spectre of stagflation
    • India central bank pat on rates, cuts growth view
    • African Barrick Writes Down Mines, Cuts Costs After Gold Tumbles
    • Court ruling allows Flint to start collecting on retiree cuts
    • Miami Springs counting on red-light camera revenue in face of deficit

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  • Daily Digest
    Image by mikebaird, Flickr Creative Commons

    Daily Digest 5/28 – Tragedy At Midway Atoll, America to Lose Everything Because of This Crisis

    by DailyDigest

    Tuesday, May 28, 2013, 3:22 PM

    • New report indicates private industry interested in building moon base
    • Swedish riots: if instability can happen here, what might unfold elsewhere?
    • 'Horror movie in a pill’: Side-effects of Lariam worse than malaria
    • Worse-Than-Cyprus Debt Load Means Caribbean Defaults to Moody’s 
    • Peter Schiff: America to Lose Everything Because of This Crisis
    • The jewellery designer who turns profits into aid for the poor
    • Canada Putting Too Many Eggs in Oil Basket
    • VIDEO: An Environmental Tragedy

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  • Blog
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    Four Signs That We’re Back in Dangerous Bubble Territory

    Stocks, bonds – everything – at risk
    by Chris Martenson

    Tuesday, May 21, 2013, 11:09 PM


    As the global equity and bond markets grind ever higher, abundant signs exist that we are once again living through an asset bubble or rather a whole series of bubbles in a variety of markets. This makes this period quite interesting, but also quite dangerous.

    With equity and bond markets at or near all-time record highs, with all financial assets consistently shrugging off bad or worse news as the riskiest of assets continue to find consistent upward bids, we find ourselves in familiar and bubbly territory.

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  • Daily Digest
    Image by Leonid Mamchenkov, Flickr Creative Commons

    Daily Digest 4/17 – Cyprus Braces For Russian Exodus, Half NYC Workforce On Food Stamps

    by saxplayer00o1

    Wednesday, April 17, 2013, 6:37 PM

    • Ohio’s $500 Billion Oil Dream Fades as Drillers Misjudge: Energy
    • Cyprus braces for Russian cash exodus
    • Italy May Cut $6.6 Billion in Defense Spending This Year
    • Detroit's encroaching blight as seen through Google and Bing maps
    • Smithsonian to close galleries due to budget cuts
    • Three-fold increase in demand for Gold: Jewellers
    • Bailouts push German debt to new record
    • Italy's temporary layoff scheme runs out of cash, sparks protests
    • Almost half of NYC workforce on food stamps
    • Let them eat vegetables: Egypt's wheat farmers hit hard by diesel price hikes
    • South Korea Proposes $15.3 Billion Stimulus Budget
    • EU warns of budget constraints as Cyprus seeks more aid

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  • Podcast

    Mike Maloney: Today’s Low Gold & Silver Prices Are Not Realistic

    The good news is that they can't last much longer
    by Adam Taggart

    Saturday, April 13, 2013, 12:49 AM


    During this very tumultuous week for precious metals prices, Chris sat down with Mike Maloney, founder and owner of GoldSilver.com, one of the world's largest bullion dealers.

    Mike is a true scholar of monetary history. His reasons for getting into the bullion business have their roots in a very predictable cycle that has happened time and again over the centuries (more accurately millennia):

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  • Daily Digest
    Image by sacks08, Flickr Creative Commons

    Daily Digest 4/10 – Americans Skipping Meds To Save Money, Italians’ Spending Power Crumbles

    by saxplayer00o1

    Wednesday, April 10, 2013, 3:14 PM

    • Blue Angels Grounded by Budget Cuts for Rest of 2013
    • Cyprus Faces Risk of Payments Freeeze, Budget Shortfall Looms
    • Arizona gold bill moving forward
    • Five million households in debt to energy firms
    • Fitch Cuts China Yuan Debt Rating on Local Government Borrowing
    • French economy stalls as budget deficit grows
    • Stately Detroit Homes Rot As Appraisals Stall Sales
    • US homeless numbers expected to rise as spending cuts deepen
    • Italians' spending power crumbles in recession
    • Bass Says Japan Bondholders’ Reaction to Stimulus Telling
    • Interest on government student loans set to double this summer
    • Americans Skipping Prescription Meds To Save Money

    Read More »

  • Daily Digest
    Image by Peter Broster, Flickr Creative Commons

    Daily Digest 4/4 – Barclays Blames Bank Culture; Shut Up, Savers!

    by DailyDigest

    Thursday, April 4, 2013, 2:44 PM

    • 'Shut Up, Savers!'
    • Storm drain grates go missing, create safety hazard
    • UN adopts Arms Treaty with support from Obama administration
    • Chinese Foreign Fisheries Catch 12 Times More Than Reported, Study Shows 
    • Are All G20 Bank Depositors Exposed to a Cyprus Style Seizure of Deposits for a 'Bail-in?' 
    • Ottawa’s bank ‘bail-in’ talk spooks investors
    • Michael Sona Charged By Elections Canada In Connection To Robocall Scandal
    • Man has undeclared $10,000 seized at border after exchange rate pushes him over limit to take from country
    • Barclays' Salz Review blames bank culture
    • Researcher tried to export pathogen to China, RCMP allege
    • Massive offshore tax haven account leak includes names of 450 wealthy Canadians
    • Senators get automatic $2,900 pay boost after MP’s vote to increase their own salaries
    • David Stockman: "The Great Deformation"
    • Cyber Attack Alert
    • Currency Wars: “The Fed is Playing with a Nuclear Reactor”
    • A Tipping Point In The Financial System
    • Rumors of a Cheap-Energy Jobs Boom Remain Just That
    • Food Field Urban Farm in Detroit Heals Land, Sets Sights On Aquaponics and Economic Viability
    • China reports three H7N9 infections, two fatal

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  • Daily Digest
    Image by Images_Of_Money, Flickr Creative Commons

    Daily Digest 4/3 – Cypriots Cast Blame, Euro Unemployment At 12%

    by saxplayer00o1

    Wednesday, April 3, 2013, 2:49 PM

    • Greek recapitalisation delay predicted
    • IMF Urges Denmark to Drop Risky Mortgages as Losses Loom
    • US Army accumulates $900 million in useless, obsolete parts
    • Cypriots Cast Blame as Meltdown Probe Begins
    • Euro area unemployment at record 12%
    • States Propose Crackdowns On Copper Theft
    • Some want global cop to stop currency meddling
    • Bank of Japan governor says all available means will be used to beat deflation
    • Detroit taxes high, but spending is higher – study
    • Greece Jobless Figure: Youth Employment At 58%
    • Traffic Cameras Draw More Scrutiny by States

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