[photo] Mark Jeftovic

easyDNS CEO, Career Contrarian & AntiGuru

Canadian Bail-In: When Canuck Depositors Get Smoked Will The CDIC Be Any Help?

Not long after the Cyrpus”bail-in” happened markets were spooked when Dutch finance minister Jeroen Dijsselbloem (a.k.a Diesel-BOOM… Read the rest or just D-Boom for short) called it “a template” for future rescue actions.

 

Global Finance has Devolved into a game of Calvinball

 

Familiar with “Calvinball” ? The game of choice in a comic strip, whose nonsensical and kafka-esque rules now describe global finance more accurately than any other model.

Forget Rule of Law, forget the sanctity of private property and given …… Read the rest

The War on Savers Intensifies as Cyprus nabs depositors in bailout

As reported via Bloomberg:

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt crisis broke out in 2009.

…… Read the rest

Confessions of an Economic Witch Doctor

I just read about Jeffries economist Jim Zervos’ note to clients on BI, in which he admonishes the “Austrian economist types” and “perma-bears” for being so gloomy, for likening this current bull market to a “sugar high”. Because in …… Read the rest

The Tragedy of Contrarianism

Being a contrarian is never glamorous. Even the word itself seems to be ostracized by the various word processor dictionaries as I’m often used to seeing it underlined with red dots signifying a spelling error when I type it online.…… Read the rest

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