First time unemployment claims rose by 52,038 to 577,279 in the week ended January 1. The Wall Street captive media is, as usual fudging the…
Was going to intro this piece with the Don Ho classic….but these bubbles aren’t TINY….
Welcome to the year of the bubble.
It may seem an odd assertion at a time when many key economies are in, or on the verge of, recession. Yet near-zero intere…
http://www.bloomberg…als-output.html
Quote
Molycorp Inc., owner of the world’s largest rare-earth deposit outside of China, may double its planned production to help meet global demand after China cut export quotas.
The Greenwood Village, Colo…
Marc Faber, who advised investors to buy U.S. stocks in March 2009 as the Standard & Poor’s 500 Index began a rally of as much as 86 percent, said U.S. Treasuries are a “suicidal” investment.
Government bonds are likely to decline, said Faber,…
Bloomberg Chicago PMI story
Bloomberg new claims story
This is great stuff
So says “Mr. Yen”…..
In an era where forecasts by permabears have gotten ample attention and vindication, few are as disturbing as this: a world recession until 2018.
It comes from Eisuke Sakakibara, Japan’s former top currency official. He is …
The housing bust continues….
Dec. 2 (Bloomberg) — U.S. homes in the foreclosure process sold for about 32 percent less than non-distressed properties in the third quarter, the biggest discount in five years, as buyer demand slumped, according to…
Bloomberg link
Excerpt:
China’s manufacturing grew at a faster pace for a fourth straight month in November, indicating the economy can withstand higher interest rates as price pressures escalate.
The Purchasing Managers’ Index rose to 55.2 fro…
Russia aims to diversify its reserves, the world’s third biggest, and promote the use of regional currencies in international trade and finance to reduce risks posed by the dominance of the U.S. dollar. The central bank also plans to increase gold ho…