Banking

Canada has surprisingly often been the place where the future happens first - and it’s happening again. Last Monday, Canadian voters swept the ruling Conservatives out of power, delivering a stunning victory to the center-left Liberals led by Justin Trudeau in a clear rejection of the deficit-obsessed austerity orthodoxy that has dominated political discourse across the Western world. The Liberals ran on a frankly, openly Keynesian vision, and won big.

The Chinese yuan continues to gain stature on the world financial stage, overtaking the Japanese yen to become the 4th most-used currency for global payments, boosting its claim for reserve status.

Even the slightest movement made by China can create a ripple effect on fragile global markets. On August 11 China devalued its currency by 1.9% and has made some smaller changes since then. Today’s infographic looks at the reaction in currency markets in three time frames after the event: 24 hours, one week, and one month after.

To believe that the chances of financial calamity are non-existent is a fool’s fantasy that’s just begging for people’s life savings to get wiped out.

1. Is gold a safe-haven or a hedge, and what is the difference between them? 2. What is gold supposed to be a safe-haven or a hedge in relation to? 3. Does gold protect investors from a stock market crash, bond market volatility, inflation, or a systemic crisis? 4. Do the safe-haven properties of gold depend on the country and the time horizon?

This article addresses what the mainstream press has been ignoring, and why the Fed is reluctant to raise interest rates.

This past weekend the Islamic State’s so called media center, the al Hayat, released a video (see here) announcing that it is in the process of taking on the Fed itself with 'the return of the gold dinar.'"

About a month ago, I warned of an emerging “liquidity squeeze“, and now analysts all over the financial industry are talking about it. Could it be possible that the next great financial crisis is right around the corner?

Global financial crises tend to happen in seven-year periods, and there is mounting evidence that the market is approaching another lead by the emerging markets. The above comments, and those below, have been edited by Lorimer Wilson, editor of munKNEE.com (Your Key to Making Money!) and the FREE Market Intelligence Report newsletter (see sample here – register here) for the …

Nouriel Roubini, who has been dubbed "Dr. Doom" for his dark predictions, has joined a growing number of observers who warn that a "liquidity time bomb" could eventually "trigger a bust and a collapse."