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Guest Post: Can Government Create Opportunity?
The percentage of Americans who reside in the lowest income quintile and move up either to the middle quintile or higher has been in decline over the past three decades. This statistic should be...
View ArticleI will never forget the name "Gavyn Davies!"
Goldman "Hannibal Lecter" Sachs used to be the visible ringleader of The Gold Cartel. They have since disappeared from the gold price suppression scheme totally, at least as far as this eye can see....
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About QEternity's Mortgage-Based Housing Boost?
We know its 'early' and we should not be judging yet another QE-book by its front-running cover; but the following four charts might give all those hopeful that this time its different some pause for...
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S&P Futures Are Testing Draghi's Dream
EURUSD meandered for the first few hours this afternoon but as Asia opens EUR (and AUD) weakness, USD strength and risk-off has come to pass. While not earth-shatteringly devastating, S&P 500...
View ArticleInvestor Sentiment: In a Vacuum
It's like we are in a vacuum, and the silence is palpable as the bulls hope that the announcement of QE3 hasn't become a bull trap. read more
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Out Of The 'Liquidity Trap' Frying Pan And Into The 'Liquidity Lure' Fire
"Liquidity trap" was a term coined by John Maynard Keynes in the aftermath of the Great Depression. He argued that when yields are low enough, expanding money supply won't stimulate growth because...
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ECB's Weidmann On Gold: "Money Is A Social Convention"
A few weeks ago we noted Bundesbank president and ECB governing council member Jens Weidmann's analogy between the Faustian bargain offered by a money-printing Mephistopheles in Goethe's classic prose...
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John Taylor On Poor Policy And This Recovery's Broken 'Plucking' Model
It feels different this time. It also 'looks' different this time in that our 'recovery' just is not bouncing back from its Friedman-ite 'plucked' level to rise phoenix-like back to Potential GDP - as...
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On Nationalism And Extremism In A Nobel-Peace-Prize-Winning Europe
UPDATE: Nigel Farage 'Must-See' rant on the' destruction of nation state democracy' The need to convince any and all that will listen (and one's own self) that the Euro project must be preserved at...
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They Hate Us For Our Prisons
There was a time when US schoolchildren, a few short years before they were loaded up with $60,000 a year in unrepayable federal debt (used mostly to purchase various iTrinkets) to pay for community...
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DSK's "Eyes Wide Shut" Lifestyle Exposed
It has been our contention for a very long time now, that the reason most people in positions of power do absolutely nothing for the good of their respective societies even in the face of total...
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Guest Post: Bad Advice For The Greeks
This summer Roger Bootle won Lord Wolfson's £250,000 prize for the best advice for a country leaving the European Monetary Union (one may assume that this advice is aimed at Greece). Despite his...
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A Reminder Of Why A Fiscal-Cliff Compromise Is Not Coming Any Time Soon
CEOs suggest a major reason they are not spending is 'policy uncertainty', politicians blame the other side for stifling growth because of 'policy uncertainty', and brokers, bankers, & economists...
View ArticleSpain Is Losing Its People, Catalonia Fights For Independence, And The EU...
Catalonia’s independence “would do away with Spain” - Justice Minister read more
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Everybody Was Kung Fu Fighting Online
As the Chinese transition from healthy working individuals to couch-potato-like consuming-monkeys, we wonder just what the China of tomorrow will look like. To wit, Shanghai Daily reports that the...
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European Car Sales Crash Most In 2 Years But Q4 Earnings Hope Remains
Just when the channel-stuffed world was hoping for some good news, European car registrations pop up to smack the dream back to reality. A 10.8% YoY decline, the biggest drop in two years, makes it 11...
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Moody's Refuses To Junk Spain Ahead Of US Election, Raffirms Baa3 Rating -...
For those who are curious why Tim Geithner has been invisible in the past 2 months, the answer is he has been manning the phones like a true patriot, and making sure nobody dares to rock the European...
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