Posts Tagged ‘Rotten Heart of Europe’

Notes From Underground: You Are So Jejune (Love and Death, Woody Allen)

June 27, 2016

Let’s clear about the mess of Brexit. First, the media is awash with so many opinions from those who had no idea that a vote for Brexit was in the realm of possible outcomes. Yet there is no lack of insights into the end of Britain’s role in the EU. Never have so many people been spewing the hogwash of hysteria into the portfolios of public investors. So in a very typical French philosophical format, let’s DECONSTRUCT last week’s outcomes:


Notes From Underground: Reissue–August 15, 2012

July 13, 2015

Earlier I was rereading a blog post from almost three years ago. I believe it still has great relevancy and gives us all perspective from where we have been to what the next three years may bring. Perspective for a global macro trader is very important for without it traders rush in where investors dare to tread.


Notes From Underground: To the Readers of “Notes From Underground”

November 26, 2014

Happy Thanksgiving!

It takes readers to make a successful blog and I have been blessed to have readers who are able to add to the discourse that makes for profitable investments and trades. There is no one source for all the answers and a healthy give and take provides for better strategy. Alternative views sometimes urge caution and better trade selection then a one-sided discussion with myself. Again, my wishes to you for a Happy Thanksgiving. I am going to be on with Rick Santelli on Friday morning to discuss whatever he wishes. Hopefully, we’ll discuss SNB, Draghi and whatever else. If any readers have any burning issues, post them in the comments and hopefully they’ll get covered in a very tight time frame.


Notes From Underground: For That Was Yesterday and Yesterday’s Gone (Chad and Jeremy)

April 16, 2013

What ailed the markets yesterday seems to have moved to the back pages and the equity markets recovered most of their losses. Gold and silver staged very tepid rallies considering the massive selling that took place during the past week. The global equity markets are still comfortable with central bank policy and even a terrorist attack on U.S. soil cannot shake of confidence of investors seeing high profits, low inflation and no alternative to the returns on equity. It is an old theme but when a market continues to discount unfavorable data and news the power of momentum is in full bloom.


Notes From Underground: Watch Me On USAWatchdog

February 13, 2013

Today, I appeared on USAWatchdog, nonpartisan website run by former journalist Greg Hunter. Before creating USAWatchdog, Greg spent nearly nine years as a network and investigative reporter for outlets such as ABC News, Good Morning America and CNN. Also, in a 2008 report, Greg exposed the trouble in the banks, warning viewers about the coming problems before other reporters picked up on the impending crisis.

Click HERE to watch express my thoughts about the currency war, G-20 and central banks. Also, don’t forget, copies of “The Rotten Heart of Europe” are still on sale. To order your copies, e-mail

Please send checks to:

Yra Harris c/o Shepard International

141 West Jackson Blvd., Suite 2270

Chicago, IL 60604

Notes From Underground: The Basel Accord Gets Watered Down. What Are The Potential Impacts?

January 8, 2013

In the most significant news over the weekend, the Basel Committee announced that it was backing off from the implementation of the 2015 enhanced capital requirements for banks. Under the original Basel III requirements, global banks were going to have to have enough LIQUID ASSETS to be able to sustain a possible financial crisis of 30 days. The ability to sell assets to meet a possible run meant that banks would be forced to hold a larger amount of high quality, easily sellable assets. European banks have been clamoring for relief from the new capital rules for fear that the new standards would create less bank lending as banks rushed to shore up their balance sheets. U.S. banks were supporting the lobbying efforts by the European banks and thus the Basel Committee showed forbearance and lessened the possible impact by extending full compliance with the new regs out until 2019.