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Gold Matches USD Weakness As Silver Jumps
Equity and credit markets traded in a narrow range with late day ebullience (as VIX collapsed but we note implied correlation did not) pushing them to marginally new multi-month highs and tights...
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Houston, We Have a Problem
We have already highlighted the breakout in the PowerShares QQQ Trust Series (symbol: QQQ), and it is has been clear from the market action over the past 3 weeks that nothing else really matters...
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Dollar Bull Trend Definitely Over and How This Might Impact Equities
Last week it was "likely" over. This week, I am going to say that the bull trend in the Dollar is "definitely" over. I am basing this observation on the fact that we are starting to see a clustering of...
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Explaining Today's Silver Surge
A few days ago, Eric Sprott decided to take advantage of the record premium over NAV of his physical silver fund PSLV (or for some other arbitrary reason) and to issue a $300MM follow-on offering,...
View ArticlePeter Boettke Explains Austrian Economics
In this very informative interview between The Browser and Peter Boettke, the professor of economics discusses the contributions made by the Austrian School, and explains the various nuances of the...
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Friday Night Economic Indices
Wolf Richter www.testosteronepit.com There still are some economic numbers that aren’t seasonally adjusted or otherwise manipulated with fancy statistical footwork by governmental,...
View ArticleIndia Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
Two weeks ago we wrote a post that should have made it all too clear that while the US and Europe continue to pretend that all is well, and they are, somehow, solvent, Asia has been smelling the...
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SouTH CaRoLiNA 2012: BaNZai7 PoLiTiCS AS UNuSuaL CoVeRaGe
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View ArticleGreek Bondholder Talks Stalled, Agreement Unlikely By Monday Deadline
We will shortly present an extended analysis of just why the broader media is once again wrong in their interpretation of who has the upper hand in the Greek bankruptcy "fresh start" negotiations...
View ArticleGuest Post: You Can't Fool Mother Nature For Long: Profiting from Sickcare
Submitted by Charles Hugh Smith from Of Two Minds You Can't Fool Mother Nature For Long: Profiting from Sickcare Sickcare, the fast-food/packaged food industries, the entertainment industry and the...
View ArticleRomney Officially Loses Iowa, Gingrich Leading South Carolina 37% to Romney's...
Something big must be happening behind the scenes because the level of broad popular distraction just hit ludicrous speed. The latest news, from AP: "Offering no explanation, the Iowa Republican Party...
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Is This Why They Won’t Prosecute? Top Justice Officials Represented Big...
Obama’s Department of Justice isn’t prosecuting any big fish. Indeed, the Obama administration is prosecuting fewer financial crimes than Ronald Reagan, George W. Bush, George H.W. Bush or Bill...
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Megaupload Takedown: The Real Meaning
The Feds’ takedown of Megaupload shows beyond the shadow of a doubt that SOPA, PIPA or any similar legislation is wholly unnecessary. As the Atlantic’s Dashiell Bennett correctly notes: The shutdown...
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Fox, NBC, Bloomberg Project Newt To Win South Carolina, Romney Second
Three primaries, three different winners. There is little that can be said here except to add what we said before: the US gets just what it deserves. Follow the results live on the CNN webcast and the...
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Will the Fed Bring Clarity or Confusion?
Will the Fed Bring Clarity or Confusion? By Bruce Krasting Next Wednesday, between 12:30 and 2PM, we will get a ton of new information to digest and analyze. The Federal Reserve will make a series of...
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Subordination 101: A Walk Thru For Sovereign Bond Markets In A Post-Greek...
Yesterday, Reuters' blogger Felix Salmon in a well-written if somewhat verbose essay, makes the argument that "Greece has the upper hand" in its ongoing negotiations with the ad hoc and official group...
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EURUSD Sliding On Anti-Rumor From Europe - Headlines "No More Money To Greece...
This is not the rumor that the central planning doctor ordered. This time from Dow Jones: No Intention By Euro Zone, IMF To Give More Money To Greece, Say Dow Jones Sources -DJ Major Greece creditors...
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Charting The US (Un)Recovery
How does the current recovery compare to those of the past? The following charts from the Council on Foreign Relations puts the current (un)recovery in context and despite some apparently bright news...
View ArticleCIA Agent Charged With Leaking Classified Information To Journalists...
The US Justice government reminds us that it still does exist. One wonders with the passage of the NDAA just what comparable lawsuits will look like when applied to regular US citizens charged with...
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