Will Your Future Get “Corzined” into Dust? Why Not?

Written by Gary North on December 9, 2011

MF Global lost $1.2 billion in customers’ accounts. The clients’ money is gone. Corzine testified under oath to Congress yesterday that he has no idea where it went. If he doesn’t know, nobody knows. Yet the financial system rests on this: investors think someone in charge knows where all of their money is. If you […]

Continue reading →

European Bank Run: Here Comes Recession

Written by Gary North on November 23, 2011

When The New York Times has figured it out, it’s real. This story reports on what amounts to a run on the banks. Rich investors are selling PIIGS bonds, pulling out of PIIGS banks, and fleeing for safety. This forces up interest rates in PIIGS countries. This forces banks to raise rates to borrowers. This […]

Continue reading →