…tortured over gold backed currency by future jobless military recruits.
Volume Lowest in 10 Years
Munis Ended 2011 At $295 Billion
Tuesday, January 3, 2012
By Taylor Riggs
A 10-year low of new municipal bond issuance is what was on everyone’s mind in 2011.
Last year, only $295 billion of bonds were issued, down almost…
January 6, 2012, 9:03 pm
Wall Street Is Bracing for Dismal 4th Quarter
By SUSANNE CRAIG
Wall Street banks have been buffeted by the weak American economy and the European debt crisis.
For most Wall Street bankers, 2011 was a year they would rathe…
January 6, 2012
A Historical Cycle Bodes Ill for the Markets
By FLOYD NORRIS
AT the turn of the last century, it was widely accepted that American stocks were virtually certain to be good long-term investments. Now, far fewer people are confident of…
January 6, 2012, 3:03 PM.
ECRI Leading Index Starts Moving Lower Again.
By Mark Gongloff
The WLI fell this week to 102.2, its lowest absolute level since October 7. The rolling growth rate fell to -8.2% from -7.6% last week. That’s the lowest grow…
On October 25 I wrote about what, at the time, looked like an overvalued EURUSD (it was 1.3950). Zero Hedge had an article attributing the strength to ongoing capital repatriation by EU (primarily French) banks. My words:
As long as there is Euro repa…
An opinion piece in Sunday’s New York times does the rah rah for the apparent successes of the Japanese economy over the past 20 years.…
One of the main reasons why we have been not so focused on paper representations of real currencies (i.e., gold and silver) is that ever since the MF Global debacle, in which it became all too clear that if physical gold can be “hypothecated” via…
IRS estimates that 17 percent of taxes owed were not paid, leaving $450 billion underpayment
By Associated Press, Updated: Friday, January 6, 3:47 PM
WASHINGTON — The Internal Revenue Service is estimating that people and businesses underpaid their …
January 6, 2012
S.E.C. Changes Policy on Companies’ Admission of Guilt
By EDWARD WYATT
WASHINGTON — The Securities and Exchange Commission said on Friday that it was making a major change in how it settles some securities fraud cases, telling co…