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What Was Left Unanswered In Today's Apple Record Bond Offering
When people talk AAPL, especially defensively, the first thing they note is that while the growth prospects may be dimming, the company has a massive $145 billion (as of March 31, 2013) in cash and...
View ArticleCME Chairman On Gold: “People Don’t Want Gold Certificates, They Want the...
Submitted by Mike Krieger of Liberty BlitzKriegWhat’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products...
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Is Stability In Japanese Bonds Signalling Gold's Next Leg Higher?
While intraday ranges on Japanese government bonds (JGB) remain relatively high to the last ten years average volatility, the market has begun to deal better with the unprecedented flows from the BoJ...
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Sergey Aleynikov Suffers The Full Wrath Of A Vindictive US Judicial System
'Commingle' hundreds of millions in client funds which are subsequently stolen rehypothecated as collateral by JPMorgan while your firm goes bankrupt as a result of your idiotic prop trading decisions,...
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Why Is The VIX Not Higher (Or Much Lower)?
People always stop and stare at traffic accidents (no matter how minor) and arguing couples (no matter how unattractive); ConvergEx's Nick Colas has the same problem with the ever-moribund CBOE VIX...
View ArticleGuest Post: American Energy Partners - Aubrey McClendon’s Next Energy Empire?
Submitted by Joao Peixe of OilPrice.comAmerican Energy Partners: McClendon’s Next Energy Empire?Less than a month after being ejected from Chesapeake Energy, the charismatic, yet controversial, Aubrey...
View ArticleNigel Farage On "Wholesale, Violent Revolution" In Europe
In a little under two minutes, Nigel Farage sums up the utter farce that "the religion" that Europe has become. He explains, his fear is that what will break up the Euro, "is not the economics of it,...
View Article20 Signs That The Next Great Economic Depression Has Already Started In Europe
Submitted by Michael Snyder of The Economic Collapse blog,The next Great Depression is already happening - it just hasn't reached the United States yet. Things in Europe just continue to get worse and...
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The Fed Engaging In Quantitative Easing Until Unemployment Falls Is Like a...
The Federal Reserve announced that it will keep on engaging in quantitative easing in the amount of $85 billion dollars per month (or more) until unemployment improves.That is like a medieval doctor...
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Desperately Seeking $11.2 Trillion In Collateral, Or How "Modern Money"...
Over a year ago, we first explained what one of the key terminal problems affecting the modern financial system is: namely the increasing scarcity and disappearance of money-good assets ("safe" or...
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Fed Day May Day
“…current policies come with a cost even as they act to magically float asset prices higher…,a bond and equity investor can choose to play with historically high risk to principal or quit the game and...
View ArticleHank Paulson Burned As Another Electric Car Maker Goes Up In Flames
It would appear that (apart from Tesla, for now) that any thing related to electric cars is going up in flames. From Fisker's fubar (and blowing all that hard-earned government funding) and Chevy's...
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And For Its Next Trick, JPMorgan Takes Over The SEC
JPM wasn't satisfied with demonstrating its implicit control over the US bond issuing authority by promoting Matt Zames to the post of COO, the same Matt Zames who courtesy of his Chairmanship of the...
View ArticleJCPenneystock: We Are Very, Very Sorry So Please Come Back And, Like, Buy Our...
After watching the following sad, humiliating, grovelling "ad" by JCP whose sole premise is to apologize (for what: being the vehicle though which Bill Ackman got to channel his "I know all about...
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Guest Post: The Fatal Disease Of The Status Quo: Diminishing Returns
Submitted by Charles Hugh-Smith of OfTwoMinds blog,The costs of maintaining a sclerotic, cartel-state Status Quo infected with incurable diminishing returns eventually exceed the carrying capacity of...
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Goldman Confirms Global Slowdown Is Deepening
Downward revisions to previously 'hopeful' levels for Goldman's Global Leading Indicator (GLI) suggest a significantly softer patch for global activity consistent with subdued growth in the near-term....
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North Korea Sentences US Citizen To 15 Years 'Hard Labor'
While details are somewhat sketchy of the reasons, Kenneth Bae (a US Citizen known by the Korean rendering Pae Jun-Ho and likely unrelated to this gentleman) has been sentenced to 15 years 'hard labor'...
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Global Dash-For-Trash Escalates, 'Cheap' Diamonds Are A Chinese Girl's Best...
While the global 'central-bank-inspired' wealth effect has benefited the uber-rich more than anyone else, it seems China's burgeoning middle class is more than happy to 'settle' for mediocrity in their...
View ArticleQE Has Been and Will Continue to Be a Complete Failure
The Fed is now blaming Congress for the failures of its QE policies. This is to be expected, given that no one in the power elite ever accepts responsibility for their own failures. Congressional...
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The Next Escalation: Gold Goes 100% Initial Margin
The day many have predicted would come, has finally arrived: 100% initial margin on gold. For now it is just one Futures Commission Merchant, in this case ex-CBOT traders Crossland LLC (motto: "Where...
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