Clik here to view.
India Should Monetise 20,000 Metric Tonnes Of Gold
Today’s AM fix was USD 1,399.50, EUR 1,066.69 and GBP 906.12 per ounce.Yesterday’s AM fix was USD 1,396.50, EUR 1,068.89 and GBP 909.42 per ounce.Gold gained $3.90 or 0.28% yesterday to $1,402.10/oz...
View ArticleClik here to view.
USDJPWHY????!!!!!
It's USDJPY waterfall time and Mrs Watanabe has just left the building. She is now getting familiar with the far less known cousin of the "wealth effect" - the "poverty effect."Meanwhile, someone big...
View ArticleClik here to view.
S&P Breaks 1,600 (The Wrong Way)
Just a month ago we broke above the magical 1,600 level on the S&P 500... today we broke back below, with the index now down over 5% from its 5/22 highs. From a technical perspective, the Nikkei...
View ArticleClik here to view.
Biggest USDJPY Crash In Three Years
From central-planning to universal-panning...JPY's biggest daily gain in 3 years!!
View ArticleClik here to view.
Why Serial Asset Bubbles Are Now The New Normal
Submitted by Charles Hugh Smith Why Serial Asset Bubbles Are Now The New Normal The problem is central banks have created a vast pool of credit-money that is far larger than the pool of sound...
View ArticleClik here to view.
Stocks Are On the Edge of a Cliff
More bad economic data was spilled yesterday. According to the Bureau of Labor Statistics or BLS, we had a 3.8% decline in hourly compensation in the first quarter of 2013. This is the single largest...
View ArticleClik here to view.
Spot The Odd One Out
Presented with no comment... So summing it all up - 10Y is almost unchanged on the year; credit is now worse on the year; VIX is dramatically worse; Lumber has plunged; and the Nikkei 225 is down 24%...
View ArticleClik here to view.
Previewing Tomorrow's Non-farm Payroll Number
America may be a service economy but for the sake of tomorrow's NFP let's pretend it isn't. Because if the employment component of the Non-manufacturing (i.e., Services) ISM, which at least in the...
View ArticleNews That Matters Next Week
USThe uncertainty about when the Fed will begin tapering its programme of asset purchases has increased volatility, both pushing and pulling on global financial markets. “at this juncture, the markets...
View ArticleClik here to view.
Homebuilders And High Yield Suggest All Is Not Well Today...
The schizophrenic good-is-good, "we dont need no stinking Taper" market action earlier seems to be hitting a small road-bump. Interestingly, homebuilders and high-yield credit was flashing some...
View ArticleClik here to view.
Guest Post: Is A Freefall In Oil Prices Really Underway?
Submitted by Robert Rapier via OilPrice.com,Over the past three weeks, there have been numerous headlines insinuating that a freefall in oil prices is underway. Last week I read that the various causes...
View ArticleClik here to view.
94% Of April Consumer Credit Goes To Student And Car Loans
Remember when, many years ago, the inflection thesis was that once a pick up in consumer lending is seen for discretionary purchases (i.e., revolving credit) that would be the sign that normality is...
View ArticleClik here to view.
Where Are We Now?
It used to be called the "New Paradigm", it is now the "New Normal" - aside from that everything else is still the same, Ben Bernanke's aspirations to overturn math, economics and the business cycle...
View ArticleClik here to view.
Second Best Day For Stocks Leaves Bonds And Bullion Bruised And Battered
Volatility is back - though the averge joe-sixpack would hardly know it as stocks see their second best day of the year. The Dow Jones Industrial Average saw its widest weekly range in 2013 - 460...
View ArticleThe Week That Was: June 3rd - 7th 2013
Succinctly summarizing the positive and negative news, data, and market events of the week...PositivesU.S. trade deficit comes in slightly better than expected, still hits $40.3bnMay non-mfg ISM comes...
View ArticleThe 4th Amendment Violations Will Continue Until Morale Improves
Submitted by Simon Black of Sovereign Man blog,For some, it’s hard to even fathom... as if the headlines were ripped from the Onion instead of Atlas Shrugged or 1984:* NSA Is Wired Into Top Internet...
View ArticleHigh-Level American Intelligence Source: “We Hack Everyone Everywhere"
Glenn Greenwald - who broke the stories on the phone and internet spying scandals this week - has a new expose ... this time on offensive cyber-warfare:Barack Obama has ordered his senior national...
View ArticleClik here to view.
Japanese Birth Rate Plunges To Record Low As Death-Rate Hits Record High
There are many headwinds to deflation-monster-fighting Abe's plans to bring Japan back from the ledge but perhaps the biggest one is the demographic disaster. As Japan News reports, the decline in...
View ArticleClik here to view.
Demand For Warren Buffett's Company Crashes By 71% As Charity Lunch Raises...
Demand for Warren Buffett, the investor, peaked in 2012 when an anonymous donor bid $3,456,789 for the annual Glide Foundation's eBay lunch with the Octogenarian of Omaha. Demand for Warren Buffett,...
View ArticleClik here to view.
The Day The Big Fat Junk-Bond Bubble Blew Up
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterMy friends in the corporate restructuring industry aren't breaking out the bubbly just yet. But with one eye, they’re gazing...
View Article