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Guest Post: Another Episode In The History Of Failed Manipulations
Submitted by Martin Sibileau of A View from the Trenches blog,“…The Argentine government jawboned the foreign exchange market more efficiently than Draghi did with the gold market upon the insinuation...
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The Arctic: The Final Energy Frontier
Via Stratfor's Chart of the Day,The Arctic is expected to become more important in the coming decades as climate change makes natural resources and transport routes more accessible. Satellite data...
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Apple Meets The "Fairness Doctrine", Is Set To Pay A Whole Lot More In Taxes
Last September, when we exposed the heretofore unknown entity actively managing Apple's $100 billion+ in offshore held cash (and thus untaxed in the US), we made the following "bold" prediction: "with...
View ArticleThe Bigger Story Behind the AP Spying Scandal
Attack on the PressYou know that the Department of Justice tapped scores of phone lines at the Associated Press.You might have heard that the Attorney General of the United States isn’t sure how often...
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WTF Chart Of The Day: "It's All About The Earnings"
"Earnings are the mother's milk of the stock market," is the oft-repeated anthem of a million marching lemmings; parroting the same phrase come hell or high-water in the dismal hope that they can...
View ArticleBitcoin – The Tyranny Test
Via Paul Rosenberg of Free-Man's Perspective blog (via Jim Quinn's Burning Platform blog),An increasing number of people have complained about governments and central banks in recent years, even using...
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Russia Adds Two More Warships To Mediterranean Task Force Near Syria
A few days when reporting that the Russian Pacific fleet had crossed the Suez canal for the first time in decades in order to form a Mediterranean task force parked in Cyprus for obvious symbolic...
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Guest Post: The Coming Collapse Of The Petrodollar System
Authored by Andrew McKillop,PETRODOLLAR WARThe theory of Petrodollar Warfare can be attributed to US analyst and author William R Clarke, and his 2005 book of that title which interpreted the US-UK...
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Global Risk Appetite At 2006 Levels - Nears 'Euphoria'
Global risk appetite surged to 4.53 (5 being 'euphoria'), its highest level since the euphoria event of 2006, and up from 1.76 one month ago according to Credit Suisse. Other risk appetite indices, as...
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Watch The IRS' Lois Lerner Plead The Fifth - Live Webcast
As we noted yesterday, the IRS' head of exempt organizations who started the whole IRS targeting scandal, is testifying this morning and is expected to plead the Fifth. One wonders why, if as the IRS...
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Five Decades Of Asset Bubbles: Which One Is Next?
Or maybe this is a trick question, and the answer for the "New Normal", when all central banks are coordinating on reflating the biggest asset bubble of all time, is "all of them"...And some thoughts...
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"No Tapering" - Bernanke's 'State Of The Economy' Testimony - Live Webcast
Update: Bubbles Bernanke slams any hopes for tapering goodbye, as long predicted: PREMATURE TIGHTENING RISKS SLOWING OR ENDING RECOVERYBernanke's quarterly hearing with the Joint Economic Committee...
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Central Banking’s Split Personality Can’t Go On
Central Banking’s Split Personality Can’t Go OnCentral bankers have spent the past five years expanding their balance sheets to unprecedented degrees. Now they have modest (at best) growth, but an...
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Euphoria Cracks As Ben Drops Hint Of Tapering After All
MOAR Orderly... oops... Bernanke: "Fed could reduce bond purchases in the next few meetings if data supports it" and perhaps most disturbing is that reality is finally seeping into the corner offices...
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China Platinum Imports Rise – Bullish Platinum and Palladium Fundamentals
Today’s AM fix was USD 1,385.25, EUR 1,071.43 and GBP 917.75 per ounce. Yesterday’s AM fix was USD 1,378.75, EUR 1,070.21 and GBP 908.39 per ounce. Gold fell $6.50 or 0.47% yesterday to $1,377.80/oz...
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Bernanke "No Tapering"; Silver Goes Up and Down Again
In February, I wrote What Drives the Price of Gold and Silver? If there is a credible rumor that the Fed is planning to further extend its “Quantitative Easing”, how would you expect the monetary...
View ArticleMicrosoft To Hire Thousands... In China
Perhaps the best answer to the question posed to Bernanke moments ago whether US unemployment is structural or cyclical comes courtesy of Microsoft, which announced earlier that it was set to hire...
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Chart Of The "Keynesian Normal": America's Tragic Divergence
There is a saying that debt can't buy growth. When it comes to the US, that saying is absolutely correct: only lots and lots of debt can "buy growth."As the chart below shows, since officially leaving...
View ArticleAre Covert Operations Underway In The Global Currency Wars?
In an age of economic policy activism, including widespread quantitative easing and associated purchases of bonds and other assets, Amphora's John Butler reminds us that it is perhaps easy to forget...
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