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Guest Post: The Reflationary Rally: How Much Better Off Are We Really?
Submitted by Gergor Macdonald via Peak Prosperity blog,The U.S. stock market rally has recently passed its fourth anniversary after the terrifying lows of March 9, 2009.During that time, massive and...
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Are Stocks Cheap?
The 'most hated' rally as mainstream media types prefer to call this manufactured 'market' is flashing red warning symbols under the surface wherever one looks (from complacency to earnings and macro)...
View ArticleThe Israel Attacks Are Not Irrelevant
Via Mark J. Grant, author of Out of the Box,“Force and fraud are in war the two cardinal virtues.” -Thomas Hobbes At the center of any military campaign is the art of deception. In the...
View ArticleSouth Korea Joins Global Currency War, Cuts Rates In Response To Abenomics
Kenya, Australia, Poland and now South Korea. The country, whose net exports represent nearly 60% of GDP, and which have been deeply impacted by the recent collapse in the Yen, finally threw in the...
View ArticleOvernight Sentiment: Buy In May, And Continue Buying In May As Global Easing...
With another listless macro day in the offing, the main event was the previously mentioned Bank of Korea 25 bps rate cut, which coming at a time when everyone else in the world is easing was not too...
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German Factory Orders UP, US Down
On Tuesday morning at 6 AM EST German Factory Order numbers were released that showed a plus 4 percent gain month over month. Yet last Friday, May 5th US Factory orders were released that showed a...
View ArticleFrontrunning: May 9
Einhorn's advice to investors: don't take my advice (Reuters)Next: floating dead vegetables: Chinese inflation rises on soaring vegetable prices (FT)The scramble for the bottom dollar is on:...
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Greek Unemployment Hits New Record High, Youth Jobless Rises By 5% In One...
The Greek economic depressionary catastrophe continues to merrily chug along. Hours ago, Greek Elstat reported that February unemployment rose to a new record high of 27.0%, with the January number...
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US State Department Halts 3-D Gun Production: Demands Removal Of All Online...
Three days ago, in an article that looked at the convergence of 3-D printing and the 2nd Amendment, we presented "the Liberator" - the world's first fully 3-D printed firearm. The name was aptly chosen...
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40 Years Of Dueling Devaluers
Japan's Nikkei 225 equity index is now within one day's new normal range of nominally crossing above the US Dow Jones Industrial Average for the first time since April 2010. The convergence of the two...
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Japanese Government Bonds Halted Limit Down; Yields Spike To 10 Week High;...
It appears things are getting a little out of control around the world. Between the collapse in JGB implied volatilities in recent days, today's melt-down in JPY (+255 pips from pre-open US levels),...
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Two Drivers Lift Dollar, Pressure Yen
The break of the JPY100 has unleashed the animal spirits. The US dollar is broadly higher and equity markets are finishing the week on a strong note. Bond yields are mostly higher, led by a sharp 9 bp...
View ArticleOvernight Yen Tumble Sends Asia Scrambling To Retaliate
The main story overnight is without doubt the dramatic plunge in the Yen, which following the breach and trigger of USDJPY 100 stops has been a straight diagonal line to the upper right (or lower for...
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Preparing Resources To Shop For Distressed Assets As Banks Refuse To Come...
As the equity markets are benefiting from the forced zero rates of central banks world-wide, I remain cognizant that the core problems of the crash five years ago have went absolutely nowhere. As I...
View ArticleFrontrunning: May 10
PBOC Says China Shouldn’t Be ’Blindly Optimistic’ on Inflation (BBG)Foreigners Buying Half of London New Homes Prop Up Building (BBG) - first they come for the foreign deposits, then for the real...
View ArticleWeidmann Slams French 'Savings' - Widening Franco-German Divide
While German finance minister Schaeuble 'blessed' the French two-year grace-period for 'missing the deficit targets', adding that "he trusts France.. and is aware of its duties and responsibilities,"...
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"Sniff Of Fear" Returns - Commodities Crack Under USD Strength
While the extreme volatility associated with the 8amET hour in Gold and Silver trading is no surprise, the strength of the USD (helped by JPY weakness along with pretty much every other major) is...
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Credit Shock Dead Ahead: China Money Formation Soars Two Year High As...
A month ago we pointed out that even as the Chinese credit bubble - at a record 240% of GDP on a consolidated basis - is now clearly out of control, the far more disturbing aspect of China's...
View ArticleMarc Faber: "Something Will Break Very Badly"
During an interview with The Globe and Mail, 'Gloom, Boom, and Doom's Marc Faber unleashed some awful truthiness about gold "I buy gold every month", real estate "bubble territory", and the likelihood...
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Guest Post: The Obama Administration's Natural Gas Policy Is Tragically...
Submitted by Chris Martenson of Peak Prosperity,The Obama administration has come out in support of the idea of exporting U.S. natural gas. This stance is counterproductive and shortsighted, and if...
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