Here are today’s gold stock screens and data, along with cycle conditions and projections for gold and HUI index, and Chart of the Day...
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The U.S. economy is in effect a counterfeit economy, living on money created from thin air that is unbacked by an equivalent productive expansion of surplus value.
Yesterday we looked at counterfeiting and money printing and discovered they are on...
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January 9, 2012
Investors Pay to Lend to Germany, Want More From France
By REUTERS
BERLIN (Reuters) - Investors paid to lend Germany a combined 3.9 billion euros (3.2 billion pounds) for six months on Monday, accepting a loss in a renewed flight to ...
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I've said it before, and I'll say it again.
The markets are broken.
It's not that they're not functioning on a daily basis, pricing risk and assets and performing their price discovery duties. They are doing that - or at least trying to.
Those are the little, daily...
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The judgment that such and such a policy was the right choice in current exceptional
circumstances should not make us complacent about possible medium-term risks arising
from such a significant shift in the size and composition of central bank balanc...
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Wednesday, December 14, 2011
Part 2: Hyper-Hypothecation Madness
"A prime broker need not even require that an investor sign all agreements with a European subsidiary to take advantage of the re-hypothecation loophole. As a result of these peripheral...
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UK Telegraph
Excerpt:
The cabinet agreed to transfer the assets from four of Portugal’s biggest banks to the state balance sheet.
The assets will be used to bridge a gap needed to meet the fiscal deficit target of 5.9pc of GDP set by the terms of...
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While watching some Steve Keen interviews, I was struck by something. I have known for a long time that mainstream economists pay no attention what so ever to private sector debt levels. I never really dug into why. But Keen specifically touched on ...
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I said it the other day, and I'll say it again.
The markets are broken.
It's not that they're not functioning on a daily basis, pricing risk and assets and performing their price discovery duties. They are doing that - or at least trying to.
Those are the little,...
Read More »
I was quite surprised to find this on 0hedge with no reference to iTulip.
I have not noticed him posting anywhere else previously, at least not as "Finster".
He does of course keep his Finster Financial Forecast, but no blog or discussion there.
The G...
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October 21, 2011, 11:19 AM ET.
ECRI Leading Index: Yes, It’s Still Falling.
By Mark Gongloff
ECRI
ECRI weekly leading index rolling growth rate. Click for big image.You wouldn’t know it from the rally in risk assets today — even copper is jum...
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At the request of counterparties, BAC is moving derivatives to its FDIC insured subs. Naked capitalism claims that the 2005 bankruptcy laws give derivatives counterparties first claim against assets. How this transfer is not a crime, I cannot imagine....
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MUCH as some businesses whine about government intrusion, others do pretty well out of it. An index based on the amount of lobbying that American firms do has outperformed the broader market since its creation in 2008; data going back to 1998 show t...
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Friday, September 23, 2011
Bank Failure #72: Bank of the Commonwealth, Norfolk, VA
by CalculatedRisk on 9/23/2011 06:25:00 PM
Common bank guidelines
Common sense says follow them
Commonwealth should of.
by Soylent Green is People
From the FDIC: So...
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Wow, amazing how ugly things look when the banksters don't have the government in their back pocket to issue a $1 trillion TARP bailout. The article below portrays JPM and BAC as smelling like roses compared to European banks. That's quite a trick. ...
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ES 1150.00 -7.50 futures softening ever sinceEuropean markets opened. Euro markets opened up put have been selling down since then.
China put out some statements that they are interested in Europe, but dont' say anything about Italian bonds. Italian...
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ZURICH, Sept 6 (Reuters) - Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U.S. residents in secret accounts at Swiss banks, possibly up to $30 billion, a newspaper reported on Tuesday.
Citi...
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ZURICH, Sept 6 (Reuters) - Switzerland is set to partially meet a U.S. ultimatum and deliver an estimate of the amount of assets held by U.S. residents in secret accounts at Swiss banks, possibly up to $30 billion, a newspaper reported on Tuesday.
Citi...
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Here are the opening and closing paragraphs of this piece from The Automatic Earth blog...
The first paragraph:
Our most consistent theme here at The Automatic Earth has been the developing deflationary environment and the knock-on effects that wil...
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Aug. 16, 2011, 12:06 p.m. EDT
Corporate profit outlooks will worsen: survey
But 42% of investors think global recession won’t happen this year
By Dawn Lim, MarketWatch
NEW YORK (MarketWatch) –– Investor sentiment has taken a sharp turn in the ...
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June 6, 2011, 6:00 PM
Professionals shifting to ETFs from mutual funds.
Exchange traded funds (ETFs) have made a big impact on the investment arena in the past few years, pulling assets from mutual funds and other investment vehicles too. Regular i...
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In terms of the median price, it took almost 600 ounces of gold to buy the median priced house in 2005.
Then housing collapsed, and gold rocketed from $500/oz to $1,500/oz. As a result of housing declining by 40% and gold tripling, the ratio has pl...
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washington Post article: "U.S. should sell assets like gold to get out of debt, conservative economists say."
Wash. Post Article
Proving that conservative economists are as dumb as liberal economists.
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Global currency expert Savvas Savouri, of the British-based Toscafund hedge fund, went a step further, predicting the greenback would be relegated to a "museum", as China reluctantly moved to upwardly revalue its own currency, the yuan.
Combined with ...
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May 5, 2011 Analysis from Chris Kimble
Chris Kimble has an interesting post on blog this morning with a troubling question as the title: Is A Great Escape Taking Placeabout To Take Place In A Wide Variety Of Assets? Here are the two chart four-pac...
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Who is gonna buy it? Wouldnt that undercut QEII?
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Let's just say it won't be pretty.
Everything would tank. Stocks, bonds, and commodities. All of the risk assets that have been unnaturally supported by a flood of liquidity, too-low interest rates, and thin-air base money would give up those il...
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