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Guest Post: Bizarre Updates From 'The New Normal' School Of Economics
Submitted by Pater Tenebrarum of Acting-Man blog,Bernanke: Spreading Money Printing Bliss Globally, Whether or not Anyone Asked for itLast week saw a full court press in defense of the current money...
View ArticleGoldman Sells Equity To Buy Junk
Goldman Sachs, pillar of ethical honesty in the lead up to the last market top and crisis, appears to be so bullish on leveraged loan and high-yield debt that it prefers to create an entirely separate...
View ArticleGuest Post: What Every Libertarian Should Know About Bitcoin
Submitted by Michael Krieger of Liberty Blitzkrieg blog,Tom Woods Talks Bitcoin... Fantastic InterviewSoon, whether via Bitcoin or whatever comes next, it will be possible to strip banking away from...
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Just Six Charts (Ahead Of Earnings)
Companies have been guiding the Street lower and managing expectations for earnings. The ratio of negative-to-positive guidance is now at all-time highs. For every one instance of positive guidance we...
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Guest Post: The Great Disconnect - Markets Vs. Economy
Submitted by Lance Roberts of Street Talk Live,Last week I was swamped with interviews, both radio and television, to discuss the meaning of the markets hitting new all-time highs. The general...
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Biggest 2-Week Surge In JPY In 2 Years Prompts Abe-Aso-Kuroda-Iwata...
The past 10 days have seen the Japanese Yen strengthen 3% against the USD - its largest such move in two years - with today's rally prompting a rather painful 'crash' in the Nikkei 225 at the open and...
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So Much For The Stability Of The Centrally-Banked "Fiat" Era
According to some economist PhDs, the end of the gold standard era marked by the arrival of the Federal Reserve one century ago ushered in the era of stability, prosperity and virtually unlimited...
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Late to the Stock Market Party
Late to the Stock Market PartyBy David of All About Trends We were not very excited about last week's S&P's breakout to a new high because it took place going into a holiday weekend and with...
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Turkey’s Silver Imports Surge 31% And Gold Imports Climb To 8 Month High
From GoldCoreTurkey’s Silver Imports Surge 31% and Gold Imports Climb to 8 Month HighToday's AM fix was USD 1,568.50, EUR 1,222.81 and GBP 1,038.40 per ounce. Tuesday's AM fix was USD 1,597.75, EUR...
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ADP March Private Jobs Miss, Lowest Since October
Remember the now traditional economic data weakness that the US experiences come every Spring in the past 3 years courtesy of the rotation out of artificially boosting winter seasonal adjustments?...
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Dear Ireland (& AIB), Haven't We All Learned The Problem Is Insolvency, Not...
As was to be expected, the defense of Allied Irish Banks has begun. Let's delve deeper into this bank capital/liquidity thing, shall we? I caution thee, though. Often, the deeper you look, the more you...
View ArticleBack At The Gates
Submitted by Mark J. Grant, author of Out of the Box,It is Mr. Green in the library with the candlestick. That is the clue; what are you going to do with it? This is a real world portrayal of the...
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ECB Prepares To Subsidize Small/Medium Businesses Next
EU President Barroso proclaimed this morning that Europe is "through the worst of the crisis"and yet the ECB's policy transmission channels are so fragmented - and the economies of the disparate union...
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Italy Goes "Cyprus" On Sicilian Mafia, Seizes Record $1.7 Billion In Cash And...
Think only Cyprus is where the government goes after "evil", tax-evading oligarchs? Think again. Overnight news broke that the Italian police have seized a record $1.7 billion in cash and property from...
View ArticleEx-Goldman Prop Trader Who Concealed $8.3 Billion Market Moving E-Mini...
The story of ex-Goldman's prop-trader Matt Taylor is well known: in November of last year, he was accused by the CFTC of concealing a massive, market-moving $8.3 billion ES position, and was charged by...
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Non-Manufacturing ISM Joins All Other Economic Misses, Prints At Lowest Since...
Spot the common thread: Chicago PMI, manufacturing ISM, ADP and now Non-manufacturing ISM. If you said all big misses, give yourself a pat on the back. Because in the New Normal, the recovery...
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Bitcoins Go Parabolic
In the last 48 hours, the price of the virtual currency has surged by 50% from $94 to $141 as the rate of expansion goes more than parabolic. This leaves us with the question, which line item on the...
View ArticleThanks Ben Bernanke: Using A Shotgun As Down Payment For A Car
Thanks to the Fed's ZIRP, the investing world is on a constant reach for yield; and due to the fact that the last bubble of investor largesse (ignoring leverage and reality) was not 'punished' but in...
View ArticleECB Keeps Rates Unchanged
As expected, no changes in any of the three key rates from the ECB.4 April 2013 - Monetary policy decisions At today’s meeting the Governing Council of the ECB decided that the interest rate on the...
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Goldman Refuses To Give Up Its Grip On Canada: Goldman Partner To Be Next US...
With the departure of Goldman's Mark Carney from the Bank of Canada, some were concerned, actually concerned may not be the right word here: delighted may be better, that the northern country is...
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