A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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The plight of natural gas driller Chesapeake Energy could almost make you feel sorry for CEO McClendon. He lost his chairmanship after his conflicted entanglements and an in-house hedge fund had seeped out. The company announced it may run out of cash...
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There will be some drama, and few splashy headlines out of the G-20 meeting in D.C. this weekend. Europe is cracking up (again), and the IMF and big guns of the G-20 will spout about “expanded firewalls” and “global co-ordination” in the final ...
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Frequent contributor Zeus Y. explains how the financial system creates fake "wealth" from nothing and why the entire delusional scheme is imploding.
"Only God can create… value out of nothing"—Justice Martin V. Mahoney in First National...
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How well will Bernanke's new "sterilized QE" idea work to support the bond market while reigning in inflation? Not well at all. Let us count the ways (and the unintended consequences)...
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The following is the executive summary of the Wall Street Examiner Professional Edition Housing Update. The complete report with illustrative charts and analysis is available to subscribers here. The report is also available via 30 day risk free trial. Click here for information. This is as good as it gets for the Treasury market....
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Why can't the American public nominate their own candidate for president? It turns out we can, and are doing so for the first time in American history.
If the last 12 years have revealed anything, they have shown beyond reasonable doubt that both S...
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Warning: Wonkish
When you stick your neck out and make prognostications about the future, sometimes you're going to be wrong. I’m certainly no exception. But when it comes to really big misses, I think Meredith Whitney’s call for a monster blow-o...
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Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on Fox Business Network's Varney & Co. today (Wednesday). In case you missed it, here's what he had to say about the latest European bailout a...
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Mark Thornton of the Mises Institute writes, "The price of everything seems to have skyrocketed. Only housing, the dollar and inflation-adjusted income are negative."
I immediately interrupt to wittily say, "Well, housing is going down because ...
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Well, the alleged purpose of this fiscal and monetary insanity is to ludicrously and tragically attempt to, literally, buy the government out of bankruptcy with all this new money, while simultaneously continuing to pay the half – half! – of th...
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Treasury market conditions were as good as it gets this week as the Treasury raised just $4 billion in new money. As expected, that gave a boost to end-of-quarter tape painting on Monday, with a little preemptory selling hitting the tape on Tuesday. The Fed stepped in as a buyer of both Treasuries and...
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There are a lot of worries about the giant Treasury refunding under way this week. But there may be less there than meets the eye. In the end, there’s no new money in the bills being sold this week. Thursday’s settlements will settle no new paper. That means that the pressure is off for...
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The Treasury announced that it would sell $35 billion in CMBs this week to replace $30 billion in expiring CMBs issued under the Supplementary Financing Program that supports the Fed’s bailouts. The $5 billion in new money was offset by a reduction in the size of the 4 week bill. On the week there...
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Bankster-Created Commodity Crisis Intensifies
The most recent (and most terrifying) example of bankster commodities-manipulation crimes against humanity is in the massively important global cooking oils market. Affluent Westerners may not fully appreciate the tremendous importance of this market (and global stockpiles of those oils); however it is arguably the most important niche in global food production.
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