John Rubino

Contributor since: 26 Feb 2010

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• Welcome to the Currency War, Part 18: Dollar Soars, Economy Disappoints

  Published 13 March 2015 | viewed 0 times

  The point of competitive devaluation, aka currency war, is that a cheaper currency gives a country several advantages over its trading partners, leading to better…

• Lessons of History, Part 1: Not a Mention of Money

  Published 13 March 2015 | viewed 0 times

  I'm listening to the audio version of George, Nicholas and Wilhelm: Three Royal Cousins and the Road to World War I, written by Miranda Carter…

• How Low Can The Euro Go? (Or Is That The Wrong Question?)

  Published 10 March 2015 | viewed 0 times

  The euro is tanking again, as the ECB starts buying bonds for its long-promised "whatever it takes" QE program. Today's exchange rate move is dramatic…

• Aftershocks, Part 1: That Austrian Bank

  Published 08 March 2015 | viewed 0 times

  Sometimes little things are the start of much bigger things. Probably the most famous historical example of this is the June 1914 assassination of an…

• What Do These Two Charts Have In Common?

  Published 06 March 2015 | viewed 0 times

  The premise of a currency war is that by devaluing its currency a country is able to sell things overseas more cheaply, which gooses its…

• Apple's iWatch and Some Crazy Gold Numbers

  Published 03 March 2015 | viewed 0 times

  As Apple starts selling its new smart watch there are some, well, crazy-sounding predictions circulating about the amounts of gold the company might soon be…

• Another Reason To Worry About The Stock Market

  Published 25 February 2015 | viewed 0 times

  The world is full of "carry trades" these days, and that's a really bad thing. In general terms, a carry trade involves someone borrowing money…

• Lowest Interest Rates EVER

  Published 24 February 2015 | viewed 0 times

  Business Insider's Myles Udland just posted a chart, drawn from research by the Bank of England, showing interest rates for the past 3,000 years. And…

• Too Many Houses, Not Enough Jobs

  Published 23 February 2015 | viewed 0 times

  Today's existing home sales report was down another 4.9% to an annual rate of 4.82 million units, the lowest in nearly a year. And this,…

• First ZIRP, Now NIRP!

  Published 23 February 2015 | viewed 0 times

  A Destabilizing Policy - by Gordon Long and John Rubino - Feb 23, 2015 Published 02-23-15 32 Minutes What is the significance of the dramatic…

• If Debt Was The Problem...

  Published 23 February 2015 | viewed 0 times

  Confounded Interest just posted a nice summary of a McKinsey report on the growth of global debt during what some persist in calling the "great…

• Who Decides What Is Money?

  Published 21 February 2015 | viewed 0 times

  The following is an edited excerpt from The Money Bubble: What To Do Before It Pops: During a 2011 congressional banking subcommittee hearing, Texas congressman…

• Greece Is Fixed! Oh, Wait...

  Published 20 February 2015 | viewed 0 times

  Minutes ago, eurozone finance ministers announced that they've agreed to give Greece four months of breathing room in which to get its financial house in…

• Greece Isn't Really The Problem

  Published 17 February 2015 | viewed 0 times

  The euro's fatal flaw was always people. The fact that most eurozone countries are at least nominally democratic and keep having elections means that the…

• Gold In A Negative Interest Rate World

  Published 12 February 2015 | viewed 0 times

  Global capital is looking for a place to hide. But after decades of enthusiastic currency creation and financial engineering, there's way too much of it…

• Now Watch Denmark

  Published 10 February 2015 | viewed 0 times

  One of the reasons we've all heard of George Soros is that back in 1992 he pulled off an epic financial coup by "breaking" the…

• Why There's No Political Fix

  Published 04 February 2015 | viewed 0 times

  Tuesday's markets really liked hearing that Greece's new "radical-left" leaders had, once in office, backpedalled on their demand for debt restructuring. Now they apparently just…

• Apparently You Can't Just Surrender In a Currency War

  Published 04 February 2015 | viewed 0 times

  Two weeks ago Switzerland abruptly decided that it couldn't keep buying billions of euros every month just to maintain a somewhat arbitrary peg with that…

• This Is What Gold Does In A Currency War, Australian Edition

  Published 03 February 2015 | viewed 0 times

  Australia just fired a serious shot in the currency war by cutting its overnight lending rate to a record-low 2.25%. With the aussie as a…

• What Comes After Paper Money, Part 1: Fiat's Obvious Failure

  Published 01 February 2015 | viewed 0 times

  Business Insider just posted a Deutsche Bank chart that illustrates the difference between life under the Classical Gold Standard and today's "modern" forms of money.…