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NEOFEUDALISMUS: Nein Nein Nein!
Nothing a little lederhosen can't solve...Collaboration w/@blumaberlin.Here comes the Euro TemptationsThe source of the market gyrationsEverything's fineThen Wolfgang sings "NEIN"Their new dance is...
View ArticleWall Street: $474 Million, Detroit: 0
Submitted by Michael Krieger of Liberty Blitzkrieg blog,The more time passes, the more skeletons emerge from the closet. So what’s the punishment for an industry that has literally destroyed countless...
View ArticleThe Rape Of Cyprus By The European Union & The IMF
Submitted by Mark J. Grant, author of Out of the Box,I have been watching articles pour forth about Cyprus all weekend. I am almost as aggravated with the majority of them as I am with what took place....
View ArticleCyprus Targets Its Savers in Bailout Agreement
After markets closed on Friday, it was announced that Cyprus worked out a deal with the European Central Bank, European Commission, and the International Monetary Fund (“the Troika”). Here is a...
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Cyprus and other Market Movers
The main driver of the global capital markets has been the response to the weekend developments in Cyprus. The knee-jerk reaction was to buy dollars and yen and sell most other currencies. Equities...
View ArticleNews Russia May Reconsider Cyprus Bailout Role, Bailout Vote Delay Crushes...
As expected, it is all about Cyprus this morning, and overnight, and just as naturally it wouldn't be a centrally-planned market without the generic BTFD overnight ramp attempt, which we got from the...
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"Depositor Repression" May Spread To Swizterland, EURCHF Spikes
Moments ago we got news that the same kind of "depositor repression" aka wealth taxjust implemented in Cyprus over the weekend, may spread to other stability and deposit havens. Such as Switzerland....
View ArticleFrontrunning: March 18
Cypriot Bank Levy Is ‘Ominous’ for Bondholders, Barclays Says (BBG)Euro, Stocks Drops; Gold, German Bonds Rally on Cyprus (BBG)Total chaos:Cyprus tries to rework divisive bank tax (Reuters)More total...
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Market Wake-Up Call
For the last two months I've been saying that markets have become accident prone given the combination of overbought conditions and ultra-light volume. One of those weekend-based news dumps caught in...
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From World's 7th Richest Man To Margin Calls In 15 Months
My how the'over-levered and cross-collateralized debt-is-wealth' mighty have fallen. Eike Batista, Brazilian entrepreneur, was the 7th richest man in the world in 2011 but as Forbes recently noted, he...
View ArticleIs The "Buy to Rent" Party Over?
Submitted by Michael Krieger of Liberty Blitzkrieg blog,For well over a year now, I have been writing about how this whole“buy to rent” investment strategy is one of the biggest disasters waiting to...
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Cyprus, Why Now? Follow The Money
Authored by Steve Hanke of the Cato Institute,While the Cypriot Parliament may be dragging its feet on a proposed rescue plan for Cyprus' banks, the country ultimately faces a choice between Brussels'...
View ArticleThings That Make You Go Hmmm... Such As Not Understanding The Bull Case Right...
The relativity relationship that Grant Williams discusses in his latest 'Things That Make You Go Hmmm' newsletter is far simpler to understand than that proposed by Einstein (and far, far less likely...
View ArticleCyprus President Says Parliament Will Still Reject Bailout Plan, "Making...
So much for the credibility of Reuters' Greek FinMin "unnamed" source. After the newswire presented the latest Eurogroup statement as if it was one where all deposits under €100,000 will be tax exempt,...
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Dollar Firm, Anxiety Still Running High
The US dollar continues to sport a firm profile, but largely within the ranges seen yesterday. The notable exception is its performance against the yen, where it rose to JPY95.75 in Tokyo, extending...
View ArticleOvernight Centrally-Planned Futures Levitation Weighed Down By Cyprus
Not even the usual monthly futures panacea (which in fact manages to fool the entire centrally-planned market twice every month, all the time), the always rising German ZEW Economic Sentiment survey,...
View ArticleFrontrunning: March 19
Cyprus parliament ready to veto deposit tax (Reuters)Power still out at damaged nuclear plant in Japan (AP)CS' Dougan Calls Bankers Out-Earning Investors Unsustainable (BBG)Citi in $730 Million Pact on...
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Cyprus - Oh The Irony!?
By Ben Davies of Hinde CapitalCyprus - Oh The Irony!?In history seemingly innocuous events portend more serious outcomes – albeit we recognise them in hind(e)sight. This is the dramatic irony of...
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Sprott: Do Western Central Banks Have Any Gold Left? Part II
By: Eric Sprott & Shree Kargutkar of Sprott Asset ManagementDo Western Central Banks Have Any Gold Left? Part II (part 1 here)The past few months have been difficult for the gold investor as...
View ArticleWill 2013 Be 2008 All Over Again?
In 2013, we are receiving the same banker and mass media propaganda that we heard in 2008. The stock markets are okay, economies are recovering, blah, blah, blah. However, do any of the facts support...
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