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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MobilediaWall Street Made A Forutne Off The Facebook IPOForbesThe Facebook IPO increasingly looks like it will cement the notion that the stock market is a rigged casino in the minds of Main Street investors. Morgan Stanley and the other banks have mad...
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by Ron Paul The financial crisis has fully exposed the intellectual bankruptcy of the world’s central bankers. Why? Central bankers neglect the fact that interest rates are prices. Manipulating those prices through credit expansion or contraction has real and deleterious effects on the economy. Yet while socialism and centralised economic planning have largely been...
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The Huntsman Alternative
By Simon Johnson
The eurozone financial situation continues to worsen. The latest idea from the eurogroup of finance ministers is apparently to have the European Central Bank make a massive loan to the International Monetary...
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Slowly, over the last year, it’s begun to dawn on us: The economic recovery isn’t really making a dent in unemployment. ...
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Japan's lost decade: still a risk for U.S. conomy
On Monday September 19, 2011, 10:59 am
By Steven C. Johnson
NEW YORK (Reuters) - As the U.S. conomy slouches toward another recession and confidence in policymakers erodes, investors are coming to gri...
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Note: Although I'm posting this piece, I must confess that - as a Canuck - I'd vote against this merger. And I'm convinced that most folks in The Great White North would also give a big 'thumbs down' to merging with the U.S........
"Go big or go home...
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The biggest debt ceiling shock of the day: Eric Cantor has lost Larry Kudlow.
In an interview tonight that's got everyone buzzing, Kudlow grilled Cantor hard on why the GOP couldn't support the Reid plan, which Kudlow saw as being based in Republic...
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WORST CASE – WAR
War is the worst thing that can happen to an economy, but it’s also the most likely thing at this point. When the going gets tough, the people in charge like to blame somebody else for the problem. That’s compounded by the f...
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From the "duh" files.
http://www.nytimes.com/2011/04/19/business/global/19euro.html?ref=global-home
The Greeks reject a debt restructuring out of hand. The European Central Bank fears that such a move will spread financial panic. And, meanwhile, the...
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In a recent email debate I wrote the following, which I thought some might find interesting:
I remain somewhat puzzled at the notion of an Austrian resurgence as, in my view, Austrianism is dead. When modern nation-states were emerging in Eu...
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In a recent email debate I wrote the following, which I thought some might find interesting:
I remain somewhat puzzled at the notion of an Austrian resurgence as, in my view, Austrianism is dead. When modern nation-states were emerging in Eu...
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From the Vanity Fair Article:
"A banking system is an act of faith: it survives only for as long as people believe it will. Two weeks earlier the collapse of Lehman Brothers had cast doubt on banks everywhere. Ireland’s banks had not been managed ...
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fiat currencies of the developed nations are being devalued. So while 'cash' may seem safe, it may not be, depending on what happens
http://jessescrossroadscafe.blogspot.com/2011/01/gold-weekly-chart.html
Will those waiting for a chance to get back ...
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December 22, 2010
Computers That Trade on the News
By GRAHAM BOWLEY
The number-crunchers on Wall Street are starting to crunch something else: the news.
Math-loving traders are using powerful computers to speed-read news reports, editorials, company...
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If only it weren't so freakin' predictable.....
Bubble, Crash, Bubble, Crash, Bubble ...
We will continue this cycle until we catch on. The problem isn't only that the Fed is treating the symptoms instead of the disease. Rather, by irresponsibly...
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The Case Shiller Index of US housing prices for November has essentially turned flat over the past two readings. As usual, it is understating the real weakness in the market. Meanwhile the Fed announced that it will tinker with how it sets interest rates. Recent history has shown, the more the Fed tinkers, the...
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In yesterday’s podcast I advanced the notion that the “credit crisis” has indeed abated. The reason has been a heavy reliance on the Government and the Fed for backstops, guarantees and very low cost loans at the expense of the Gente. To me it is unclear exactly what this has restored confidence in? However,...
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The Hail Mary rally has been greatly centered around the notion that conditions will significantly improve for consumers and in turn the institutions that lend to them. This also has a strong component of government bailout psychology built in to it. It is as if the authorities have the ability to magically make consumers...
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At long last there may be signs that the Government is pushing forward with aggressive regulatory stress test examinations of big banks. It also appears that the time line on this will be fairly quick. Although there is a notion that this is mostly being conducted as a preliminary step towards nationalization, I think...
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Deeds in lieu of foreclosure?…
Link This is an interesting read and the comments section is better. Fannie is telling people the will not foreclose if they simply sign over the deed. This is clearly consistent with the notion that they are trying to back deeds out of the MERS mess....
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