Unlimited QE Announced by the FED & ECB! What’s next?

Dear PGM-Capital Blog readers, ECB and FED Chairmen have spoken and they both declared to do whatever it takes (read to buy an unlimited amount of bonds) to respectively save the Euro and to safeguard the USA from going into Recession/Depression. Ladies & Gentlemen, Look how far our moral and values have fallen! The Economy of the West is in such an alarming stage that it can only survive and not[…]

USA National Debt Exceeds USD 16 Trillion on September 2nd 2012

Dear PGM Capital Blog readers Today, September 2nd 2012, the USA Debt has reached an all time high of USD 16 Trillion as can be seen from the image here above. With a population of approx  313,428,000 people it means that the USA National debt is approx. USD 51,047 per citizen. With a GDP per Capita of apprrox USD 48,200.00,[…]

Belize is defaulting on Debt Payment, Who’s Next?

Dear PGM Capital Blog readers, Belize, a Central American nation, today announced that they will miss a coupon payment on about US$544 million of bonds and is unlikely to pay creditors during a 30-day grace period that starts today: The Central American nation, which owes investors about US$23 million today, can’t make the payment, Waight[…]

Are we heading toward a Bond-Market Crash?

Dear PGM-Capital Blog readers, Yesterday, July 24th 2012, based by fear, investors fled into US-Treasuries with the consequence that the yield of the 10-year note depreciated to a 50- year low of 1.39% as can be seen from below charts. Subsequently the USD Index rose to a two year high of 84.1. Buying 10 year US-Treasuries at yield of 1.47% is more or[…]

Is the World Running Out of Options, to Solve the Financial Crisis?

Dear PGM-Capital Blog readers, Last Thursday, July 5th 2012, will go into history as the day that 3 major Central Banks, “The Bank of England“, “The European Central Bank” and the “The People’s Bank of China“,  signaled their determination to stimulate the flagging global economy. Highlights: The Bank of England’s monetary policy committee, said that it would inject an[…]

Are we currently living in the era of the Treasury Bubble?

Dear PGM-Capital Blog readers, During the last 3 years we have been warning investors for the crash of the ultimate Bubble, the Bond market. In the course of history we have seen a lot of bubbles forming and subsequently bursting. The most recent ones were the IT-Bubble of 1997- 1999 and the housing market bubble of 2002-2007. In all these cases bursting of[…]

Are You Prepared for the Next Economic-Depression?

Dear PGM Capital, Blog readers, In our blog post of Last Sunday, May 6th 2012, entitled “Are You Prepared for a World Heading for Populism?” we analyzed how growing populism, combined with excessive debt and aging population in the west, may trigger a very hard, deep and long depression. Although we dislike being right about[…]

Is the West Spiraling Down to Bankruptcy?

Dear PGM-Capital Blog readers, During this weekend  we took some time to read the book “Der Staatsbankrott kommt” (The state bankruptcy is coming!) by Michael Grandt, with the fitting sub-title “Retten Sie Ihr Vermögen, solange Sie es noch können!” (Save your wealth as long this is still possible). Using lots of examples taken from Greece, Michael Grant[…]

Are US Treasuries a Safe Haven?

  Dear PGM-Capital Blog readers, Since July 22nd 2011 we have seen investors, driven by fear, running in the wrong direction, by buying US-Treasuries as a safe haven and sending the yield of the 10-year note to a historic minimum of approx. 1.75% by early October of 2011. History has proven that Greed & Fear will block common sense[…]

Bank of England injects 50 Billion British Pound into UK-Economy

Dear PGM Capital Blog readers, Today February 22nd 2012, the Bank of England published the minutes of their February 8 & 9 2012, Monetary Policy Meeting, which shows that members had considered increasing its quantitative easing programme by more than the 50 billion British Pound cash injection made earlier this month. Policymakers voted by seven to two[…]