Jim Grant Must Watch: "Capitalism Is An Alternative For What We Have Now"
Jim Grant is simply brilliant in this must watch interview with CNBC's Maria Bartiromo, which we won't spoil with commentary, suffice to provide the following pearl of an exchange: Maria Bartiromo:...
View ArticleSwitzerland Wants Its Gold Back From The New York Fed
Earlier today, we reported that Germans are increasingly concerned that their gold, at over 3,400 tons a majority of which is likely stored in the vault 80 feet below street level of 33 Liberty...
View ArticleFrance: How to Demolish a 75% Income Tax
Wolf RichterĀ Ā www.testosteronepit.com Socialist Party candidate FranƧois Hollande, frontrunner in the French presidential election, was trying to score some cheap points against President Nicolas...
View ArticleDutch Reject PVV Guilder Study
Ā Quick follow up poll results indicate only 23% find the euro exit study the Freedom Party released on Monday dependable (from expatica.com). The poll results were released by Maurice de Hond, who is...
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Revisiting the Gold Bugs Index
From Slope of Hope...... Below is the broad view of index symbol $HUI, which shows how the analog has strengthened recently. The key, of course, is to break beneath that lower horizontal line. If we...
View ArticleGuest Post: The IPCC May Have Outlived its Usefulness - An Interview with...
Submitted by James Stafford of OilPrice.com The IPCC May Have Outlived its Usefulness - An Interview with Judith Curry As the global warming debate increases in its intensity we find both sides deeply...
View ArticleIran Nuclear Site 'Clean-Up' Raises Suspicions Further
Perhaps not so shockingly, AP is reporting tonight that satellite images of Iranian military facilities show trucks and other earth moving vehicles. Diplomats, accredited to the IAEA, suggest this...
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Perspectives On A Printing Press Pause
It would appear, given the actions and rhetoric of the last week or so, that global central bank printing presses have been switched to 'pause' mode and allowed to cool as implicit inflation 'energy'...
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CoreLogic Data Shows House Price Declines Slowing
CoreLogic Data Shows House Price Declines Slowing Courtesy ofĀ Lee Adler of the Wall Street Examiner CoreLogicās data for January closed house sales (mostly November contracts) shows a year over year...
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Let's Make a Deal: Greek Debt Swap Discussions Continue As Deadline Looms
Are we having fun yet? The market sure seems to be (do algo's get headaches?) As tomorrow's deadline approaches, the rhetoric continues to heat up on both sides of the PSIĀ argument. On one side you...
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Guest Post: War With Iran Is Coming
Submitted by Jame E. Miller of Miller's Genuine Draft blog, Ā The rally for what could be World War III is in full swing. In what amounts to a grotesque instance of outright pandering, Department of...
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A word from Barclays on LTRO subordination of senior unsecured debt in the...
The European Central Bank's recent LTRO programs have effected a significant increase in the amount of encumbered assets -- those pledged as collateral in repo transactions, central bank funding...
View ArticleNews That Matters
Thetrader.seSeasonality is observable in a wide variety of variables. In business, sales, production, inventory, man hours and the best time to discount can be at least partially predicted by seasonal...
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Albert Edwards: JPY devaluation exacerbates risk of China hard landing, drags...
"What do people think will happen if another recession strides into sight any time soon? We are a hair?s breadth or, more exactly, one recession away from a market panic on outright deflation ? a panic...
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The US Deleveraging Is Now Over
Today the Fed released its quarterly Flow of Funds report, also known as the Z.1., which is mostly tracked to show quarterly changes in consumer net worth (and which we find far more valuable to show...
View ArticleGray Market "Fresh Start" Greek Bond, Aka GGB2 Full Pricing Grid
And this is what the market is now seeing for Fresh Start Greek bond pricing (all 20 CUSIPs) via BNP. Comment: We added a few data in the bottom of the page....closing GDP warrant, average price of the...
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Trading Greece After The PSI
While anyone (as we did) with an abacus and five-minutes of spare time from hitting the buy-button could have figured out that post-PSI 'new' GGBs would trade down hard, it is perhaps worth looking at...
View ArticleTexas Instruments Cuts Guidance As Usual, Fifth Consecutive Cut
It must be a day ending in Y becauseĀ Texas Instruments just cut its guidance again, or rather, as usual. The reason: "lower demand for Wireless products." Uhm, such as those that the company with the...
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Gold $1700 Again As Equities Shrug Off Credit Concerns
Credit markets closed at their best levels of yesterday and traded in a very narrow (much less risk hungry mode) range as stocks zoomed 1% higher than yesterday's best levels on volumes considerably...
View ArticleGuest Post: The Story Behind US Gas Price Pain
Submitted by Martin Karusa of Casey Research The Story Behind US Gas Price Pain Gasoline consumption in the United States has been dropping for years. In the last decade, vehicle fuel efficiency has...
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