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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Radio Free Wall Street
Posts Tagged ‘ Pensions ’
The New York Times’ Ode to Foxconn and Anti-Employee Control Fraud
By William K. BlackI wrote recently about Apple’s release ofinformation from its “audits” of its major suppliers. Apple constructed the release to deny thepublic information on the identity of the suppliers that defrauded andendangered the ...
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Greece, China, and the USA
. On Greece
I spoke with someone from Athens today. It's not a pretty picture.
Issues related to subsistence have replaced the fervor for demonstrations. This may not last according to this resident.
The closing of stores and shops is escalating. A...
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Chrysler profitable 2011, now bailing out Fiat
NPR link
Sales up 25%, quality survey results up, repaid 8 billion loan, now helping Fiat parent company.
Driven by the pre-ACA US healthcare system into bankruptcy, Chrysler handed off 255K retiree and their pensions to the govt pension board.
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Risk is Necessary for Adaptation, Innovation and Success
Ironically, perhaps, building a new sustainable future requires being fully exposed to what is considered "the source of our problems": risk, threat and failure.
While I write a lot about financial and systemic unsustainability, the primary driver...
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How will MSM spin a failed Black Friday?
Obviously, Black Friday will be a failure.
Disposable household income is down. House values are down. Stock values are down. Net worth, at least by any honest measurement is down. Savings return no income, and have no prospect of doing so. Governmen...
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A Simple Three-Item Agenda for Occupy Wall Street
There are really only three ways to cripple Wall Street's democracy-killing concentration of wealth and power: take our money out of Wall Street and the TBTF banks, eliminate private money from elections and abolish Wall Street's dealer, the Federal R...
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The Daily Show: Corporations Looting Workers’ Pensions
Jon Stewart interviews Ellen Schultz, author of 'Retirement Heist.' Just when you thought you couldn't get more angry about corporate greed......
http://www.thedailys...1/ellen-schultz
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Current UK strike could be biggest since 1926
CNN link. (Looked for BBC story, to get definitive report on number of strikers - until I realized BBC's on strike as well! I'd also note that if you've been to your post office lately, you'll see a sign that they're not taking several classes of mail...
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Why Young Workers Want a Good Old-Fashioned Pension
The conventional wisdom is that young people today are inured to the idea that they will change jobs repeatedly over their careers, and that because of that, they don't really think much about pensions. But it turns out that the conventional wisdom ...
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Retiring Boomers Find 401k Plans Fall Short
The 401(k) generation is beginning to retire, and it isn't a pretty sight.
The retirement savings plans that many baby boomers thought would see them through old age are falling short in many cases.
The median household headed by a person aged 60...
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The Rational Gold Investor
https://therealassetco.com/Articles/Article.aspx?a=583
Quote“With gold accounting for so little of global assets, McGuire says, only a small shift in asset preferences — from currencies to gold or bonds to gold — would cause a major price increa...
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Take These Dice From My Cold Dead Hands, The Sequel
There is more evidence that “the take these dice from my cold dead hands” theme I spoke of in yesterday’s post and podcast has reemerged, as Calpers has brought in a new investment manager who is intent on “taking greater risks” at this time. This in a (desperate?) attempt to get that institutions pensions...
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Dire Straits
The 1st half report from the PBGC illustrates in spades the fallout from Weekend at Bennie’s low interest rate subsidy, I mean stimulus. Seems pensions are losing billions, not from investment losses so far in 2009, but from the lack of interest income. Whodathunk.
The increase in the PBGCâs deficit is driven primarily...
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Automotive Consoldiation
Morningstar provides a good basis for the now ongoing consolidation and shrinkage of the automobile industry. I think option 3: reorganization under government direction and with a highly dilutive investment is the most likely outcome, and probably with only minimal concessions from labor on wages, pensions and benefits. The formula (as...
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Obie Drinks the Kool Aid, What Would Shakespeare Say?
I like Obie, but he has drunk the Kool Aid. We are doomed. He’s listening to the advice of those very same world renowned egonomists who never saw the current mess coming. How could those who never saw it coming in the first place, and didn’t recognize it after it had already begun have...
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