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Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From...
From GoldCore Gold Buillion Faber: Own Gold – “Don’t Store It In The U.S., The Fed Will Take It Away From You One Day” Today’s AM fix was USD 1,767.25, EUR 1,349.36 and GBP 1,089.42 per ounce. Friday’s...
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Goldman's Clients Are Skeptical About The Effectiveness Of QEtc., Worried...
While it is just as perplexing that Goldman still has clients, what is most surprising in this week's David Kostin "weekly kickstart" is that Goldman's clients have shown a surprising lack of stupidity...
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Investor Sentiment: Repudiation?
The repudiation by the markets of Federal Reserve policy is almost complete. Economic numbers continue to deteriorate, but from the beginning, Fed policy has not been about the economy. The markets...
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Exposing China's Shadow Banking System
We have in the past attempted to take on the gargantuan task of exposing the multi-trillion Chinese Shadow Banking system (not to be confused with its deposit-free, rehypothecation-full Western...
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Presenting The World's Biggest Hedge Fund You Have Never Heard Of
The world's largest hedge fund is not located in the top floor of some shiny, floor-to-ceiling glass clad skyscraper in New York, London, Hong Kong or Shanghai. It isn't in some sprawling mansion in...
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Guest Post: The Source of High Inflation: Government Spending
Submitted by Charles Hugh-Smith of OfTwoMinds blog, If we look at what's skyrocketed in price (healthcare, college tuition), we find they are government funded and supported. This is not a coincidence....
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On the Cliff
Absent some earth shaking event between now and November, Obama is going to win, the House will remain in the hands of the Republicans and the Senate will continue to be equally divided. The war...
View ArticleChina Bails Out World's Largest Maker Of Solar Panels
Chinese local governments are facing the prospect of major unemployment problems should the swathe of solar panel makers, that have been subsidized from birth to now-near-death, continue to suffer from...
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Guest Post: The Many Guises Of Financial Repression
Economists, market analysts, journalists and investors alike are all talking about it quite openly, generally in a calm and reserved tone that suggests that - to borrow a phrase from Bill Gross – it...
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JPM's Dimon Builds Fiscal Cliff Bunker As CFO Exits "Balance Sheet Fortress"
UPDATE:*JPMORGAN CFO EXPECTED TO STEP DOWN: WSJ Jamie "The Europeans have the will, but no way; The US has the way, but no will." Dimon had a very open and wide-ranging discussion with the Council on...
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Food Inflation To Surge, Goldman Warns
We have been very active in our discussions of the impact of the pending rise in food prices around the world (from central bank largesse to weather-related chaos). As Goldman notes, food inflation has...
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Is Ireland Really The Poster-Child Of Europe's Austerity Plans?
Ireland's total real economic debt runs at a staggering 524% of our GDP and 650% of our GNP. At 4.5% per annum cost of funding overall debt, the Irish economy interest-rate bill on the above levels of...
View ArticleGold, Molotov Cocktails, Rubber Bullets, Teargas: A Rift In Greece
“A social affliction brought on by years of graft.” read more
View ArticleOvernight Sentiment: Short Squeezy
The overnight session started with broad weakness following last night's downgrade of Spain to BBB- by S&P, once again led by Egan Jones, due to fears that an outright junking by one or all rating...
View ArticleFrontrunning: October 11
Global easing deluge resumes: Bank of Korea Slashes Policy Rate (WSJ) And Brazil: Brazil cuts Selic rate to new record low of 7.25 pct (Reuters) With Tapes, Authorities Build Criminal Cases Over...
View ArticleThe Intruders Give the #1 Bankster Manipulation Award to...Wait For...
Watch as The Intruders crash the Investment Banking Awards in Mayfair to present a spoof award to Barclays for their role in manipulating LIBOR. read more
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The Collapse Continues: Greek Unemployment Rises For 35th Consecutive Month,...
When we reported on the 34th consecutive month of Greek unemployment increases, following the June number hitting a record high 24.4%, the only good news was that the May number had been revised higher...
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The Bump In The Night
We know it is sometimes difficult. Europe puts out the numbers which many assume are real. Then they talk about the data as if it was real. Then they point to the numbers time and time again as if they...
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S&P Futures Break 50DMA
With AAPL sat just above its 100DMA, unable to hold gains this morning, the S&P 500 futures have just broken below their 50DMA for the first time since July 25th. The Bernanke-Spike has gone and...
View ArticleNo, the Gulf Oil “Sheen” Is Not Oil Coming from the BP Wreckage
BP’s Explanation Is ... <polite word filter>Incorrect</polite word filter> read more
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