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Weekend Developments: Signal and Noise
The weekend has produced five talking points. The leaked French Socialist draft document that was critical of Germany (and the UK) and the Bundesbank's letter to the German Constitutional Court...
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What Italian Banks Can Learn From Spain's Bad Loan Devastation
We have commented numerous times on the inexorable rise in Spanish non-performing loans (NPLs). Since the Spanish economy started to weaken at the end of 2006, NPLs have been rising sharply; but the...
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Political Assassination Prevented In Rome As Unemployed Man Tries To "Shoot...
While suicides out of desperation had long been a tragic, if recurring, staple in depressionary Europe, so far popular anger had been directed at within, with few if any murderous outbursts targeted at...
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As It Gets Its Latest European Lifeline, Life In Greece Is About To Get Even...
A few hours ago, Greek lawmakers approved a reform law to unlock about €8.8 billion of rescue loans from the European Union and the International Monetary Fund. The law, which was a condition for...
View ArticleThe Greatest Weapon Against The Tyranny Of "Very Serious People" - Laughter
From the last edition of Bill Buckler's "The Privateer"On A More Personal NoteSo, here we are on the last page of the last issue of The Privateer. My wife Cathy and I have had mixed feelings about...
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Chief Advisor To US Treasury Becomes JPMorgan's Second Most Important Man
Recall from "The Supercommittee That Really Runs America":With Tim Geithner having proven repeatedly and beyond a reasonable doubt he has insurmountable intellectual challenges, many have wondered just...
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Guest Post: Gold-Silver Ratio In Phase Space
Submitted by The World ComplexGold-Silver Ratio In Phase Space The reconstructed phase space portrait is one tool that can be used to gain insight into the dynamics of complex systems, whether these...
View ArticleMultiple Polls: Americans Are More Afraid of the GOVERNMENT than TERRORISTS
WND reports today:According to a pair of recent polls, for the first time since the 9/11 terrorist hijackings, Americans are more fearful their government will abuse constitutional liberties than fail...
View ArticleFemale DNA Found On Boston Bomb
Earlier today we heard unsubstantiated chatter that FBI agents were in front of the house of Katherine Russell in North Kingstown, widow of the dead bombing suspect Tamerlan Tsarnaev. Moments ago we...
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"Freely Traded Markets Are An Anachronism; Fundamental Rules No Longer Apply"
Submitted by Lance Roberts of Street Talk Live,March Spending Driven By Surge In Services The latest personal income and expenditure report for March was of particularly interesting reading. However,...
View ArticleQBAMCO On Precious Metals And The Coming 'Great Reset'
Authored by Lee Quaintance and Paul Brodsky of QBAMCO,Volume TriageLast Sunday we closed the macroeconomic portion of “Imperial Constraint” with the following:“So we ask again, are there really...
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Weaponized America: Sturm, Ruger Backlog Doubles; Gun Production, Shipments...
Whether it is due to the recent governmental attempt to enforce assorted gun controlling measures in the aftermath of the Newtown, CT shooting, or, merely driven by the same catalyst that saw a surge...
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Guest Post: Wishes, Fantasies, Delusions, And Dumbasses
Submitted by James Howard Kunstler, via The Burning Platform blog,We Wish Wishful thinking now runs so thick and deep across the USA that our hopes for a credible future are being drowned in a tidal...
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IceCap Asset Management: "Achtung Baby"
As Europe continues to churn nowhere but down economically, it seems that leading government officials everywhere have suddenly become fixed income experts. According to these financial wizards,...
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JPM Reclassifies Another 4.7K Ounces Of Gold Into Eligible
It's that time again when we cautiously peek at cell H25 of the daily CME Group Metal Depository Statistics worksheet to find if, following Friday's dramatic and volatile trading session in gold,...
View ArticleThe Spot Price of Precious Metals Is Becoming Irrelevant
Submitted by Adam Taggart via Peak Prosperity,In light of the recent violent down-and-up action in the precious metals, we invited the executives behind the Hard Assets Alliance (HAA) on to discuss the...
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Presenting: The Housing Bubble 2.0
It was just seven short years ago that the prices at the epicenter of the housing bubble, Los Angeles, CA rose by 50% every six months as the nation experienced its first parabolic move higher in home...
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Chart-Porn: Money Market Funds Levels, FRBNY FX Swaps, And ECB Metrics
Presented with limit comment because the motive here is to inform you with accurate quickly data instead of milking your time by making a slideshow or carrying out some long post telling you how to...
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Macro Collapse Pushes S&P 500 To New All-Time Nominal High And Close
"Horrible" PMI, no problem; just add it to the list of macro data that has missed significantly in recent weeks. Bloomberg's US Macro index has utterly collapse in recent weeks - now at its worst level...
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And Now, The Ugly Side Of A College Education
Yesterday we showed the good side of college by presenting those majors that result in the best starting salaries fresh out of college. Now the bad side. According to a survey by Accenture, more than...
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