Subscribe To The International Forecaster

Stay with us for reports twice weekly on current news on economics, politics, metals, and business.

International Forecaster Weekly

A newsletter for economic news, global trends, politics, money, and investment. Published on Wednesdays and Saturdays for subscribers. Get a free sample of our full issue, or Subscribe today.

Draghi Fires His Bazooka

January 24th, 2015 By James Corbett

Whether or not Draghi was really planning to announce his stimulus program this week, the surprise Swiss franc decoupling of last week left him no choice.

There's an old rule of dramatic writing popularized by the great Russian author Anton Chekov: “If in the first act you have hung a pistol on the wall, then in the following one it should be fired. Otherwise don't put it there.”

 

            It's not clear whether or not European Central Bank chief Mario Draghi is familiar with Chekov's famous admonition, but in 2012 he hung a pistol on the wall. That was when he began the first of many, many promises that if worst came to worst he would be do “whatever it takes” to shore up the Eurozone economy, including “unlimited” bond purchases in an open-ended QE. This promise became known as 'Draghi's bazooka,' harkening back to Henry Paulson's observation during the 2008 Fannie Mae / Freddie Mac crisis that “If you have a bazooka in your pocket and people know it, you probably won’t have to use it.”

            Unfortunately for Draghi, Paulson ended up having to use his bazooka. Lehman went bust just months after his original pronouncement. Even worse for Draghi, Pauls...

Read more

Adding Up the Swiss Franc Fallout

January 21st, 2015
By James Corbett

... however the SNB fallout lands and whoever it lands on, it's not doing anything to help the bleak outlook for a world on the edge of deflation.

Read more

Swiss National Bank Unleashes a Franc Tsunami

January 17th, 2015
By James Corbett

    What we know for sure at this point is that the fallout of this move is going to be massive, long-lasting, and global. Some traders are already predicting the collapse of financial institutions and smaller hedge funds.

Read more

Deflationary Cycle Deepens

January 14th, 2015
By James Corbett

There is a case to be made that the potential downside of this round of deflation is worse than catastrophic. There is an estimated $22 trillion worth of global commodities-based derivatives.

Read more

Another Headache for Moscow

January 10th, 2015
By James Corbett

For all the hoopla, you might have thought this was going to be something historic. But in retrospect, all the swollen, self-important talk about the Eurasian Union seems horribly out of step with the reality of what has been birthed here.

Read more

Japan Markets Hammered as Deflationary Cycle Continues

January 7th, 2015
By James Corbett

...deflation remains the bugbear of the Japanese economy, even after the unprecedented easing in recent years by the Bank of Japan.

Read more

An Optimist Guide To The World in 2015

January 3rd, 2015
By James Corbett

  Why is it that in contemplating the future our thoughts usually turn to disaster and calamity? Why are we seemingly incapable of imagining things going well for a change?

Read more

How to Avoid the Globalist Trap

December 19th, 2014
By James Corbett

All of these revolutionary actions represent people interacting directly with each other in ways that cannot be interfered with, regulated or proscribed by the globalist institutions that are seeking to bring about their New World Order.

Read more

Russian Surprise Rate Hike Causes Market Mayhem

December 17th, 2014
By James Corbett

Sanity will likely return once the markets have had time to process the move, but the wild market volatility displayed this week shows just how unbalanced these markets have become and just how delicate the situation is.

Read more

China and the US Frenemies with Benefits

December 13th, 2014
By James Corbett

This is, of course, the New Cold War narrative, and although a lot of the attention has been shifted onto Russia this year, China has for years been painted as the new Red menace for the 21st century.

Read more

Bulletins

Announcements, news and information.

Big Savings in May from Mountain House

May 21st, 2013
By The Freeze Dry Guy

Freeze Dry Guy is pleased to offer this highest quality product at a fraction of the manufacturers, suggested retail price. The Mountain House Freeze Dried Eggs with butter flavor is a must have for your food storage.

Read more

Freeze Dried Pineapple Cans On Sale

If you love Pineapple as much as I do, you’re really going to love ours. We are very excited to offer you our finest quality Pack Away Foods 100% Freeze Dried Pineapple at an introductory price for the month of May.

Read more

Robert Chapman Gold Coin

Bob Chapman Gold Coin A gold coin to honor Bob Chapman. A special offer from Central Metals Corp.

Read more

Bob Chapman

The creator of the International Forecaster, Bob Chapman.