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Goldman's Stolper Sets 'New' Four-Year FX Plan
This morning, Goldman announced their 10 Themes for the year. The succinct summation of them (which we will discuss later in more depth) is that: there'll be some volatility on the way but in the end...
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Will We Hold It Wednesday – Fiscal Cliff Fever Edition
Will We Hold It Wednesday – Fiscal Cliff Fever EditionBy Phil of Phil's Stock World Time to worry about the cliff again!We took a few days off from worrying but comments from Senators Harry Reid and...
View ArticleGuest Post: BRICS: The World's New Bankers?
Authored by Rajeev Sharma via The Diplomat,The BRICS (Brazil, Russia, India, China and South Africa) bloc has begun planning its own development bank and a new bailout fund which would be created by...
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The Top Ten 'Fiscal Cliff' To-Do List
The schizophrenia in US equity markets (and by correlation all risk markets) is nowhere better highlighted than the last 24 hours of 2% swings in the S&P 500 on nothing more than boiler-plate...
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How Do the Chinese View the Gold Market?
Via Jeff Clark of Casey Research,How Do the Chinese View the Gold Market?Have you ever wondered what the typical Chinese gold investor thinks about our Western ideas of gold? We read month after month...
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Hump-Day Humor: 4 Fun Facts On 2012/2013 Earnings
It's that time of year when 2013 outlooks and strategy pieces bog down an otherwise already overloaded inbox. Some are wise; some not so much. We thought the following four wise fun facts noted from...
View ArticleCensored: Poverty Report in Germany
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterOn September 17, the German Labor Ministry sent a draft report “on Poverty and Wealth” to the other ministries to be...
View ArticleIceCap Asset Management: 'Not' Salma Hayek And The Keynesians' 3 Big Mistakes
Salma Hayek is beautiful, rich and famous. Friedrich Hayek is a deceased Austrian economist. He wasn’t very good looking, certainly not wealthy but he did become famous – but only 20 years after his...
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On The 'Uniqueness' Of 2012's Equity Performance
Credit and equity markets (should they avoid a catalcysmic year-end slump back to reality) are heading for much better results that one might have expected. As JPMorgan's Michael Cembalest somewhat...
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SAC Capital – Too Much Of A Good Thing
SAC Capital – Too Much Of A Good ThingCourtesy of The BankerI covered the mortgage bond side of SAC Capital in the early 2000s, and I remember half-kidding, half-probing my client about Steven A...
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Guest Post: Q3 GDP - The Devil Is In The Details
Submitted by Lance Roberts of Street Talk Live,The good news this morning is that the 2nd estimate of the third quarter (3Q) GDP was revised up from 2.0% initially to 2.7%. This is up sharply from the...
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Visualizing The World's Gold Mines And Deposits
After examining data from all public, private, and government sponsored companies, research shows there are 439 undeveloped deposits or producing mines in the world. Visual Capitalist provides the...
View ArticleThe Latest Bubble: Hong Kong Parking Space Sells For Double Average US Home...
After recently selling the most expensive per-square-foot residential property in the world recently, the liquidity slooshing around the world has been modestly stymied by Hong Kong's curbs on...
View ArticleNationalizations Take Off In France
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe nationalization debate has been sizzling on France’s front burner since last week when Industry Minister Arnaud Montebourg...
View ArticleDoug Casey: The US Is Now The United (Police) State Of America
Submitted by Doug Casey of Casey Research,Louis: Doug, after conversations like the one we had last week, we often get letters from angry readers who accuse you of hating America, disloyalty, and...
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Is November's Epic Short Squeeze Roundtrip Over?
The broadest US equity indices began to fall following the 2nd Presidential Debate in mid-October, and stabilized after the 3rd Debate. Weakness was well balanced with the 'most-shorted' names staying...
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Gold: The Solution To The Banking Crisis?
Authored by Eric Sprott and David Baker of Sprott Global Resource Investment,The Basel Committee on Banking Supervision is an exclusive and somewhat mysterious entity that issues banking guidelines for...
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Guest Post: Personal Income And Spending Weigh On Economic Recovery Hopes
Via Lance Roberts of Street Talk Live,The personal income and spending report Friday morning left a lot to be desired for those expecting a stronger economic environment soon. However, the report fell...
View ArticleYanis Varoufakis On Greece's Destruction And Europe's Bogus Growth Pact
Authored by Yanis Varoufakis and originally posted at YanisVaroufakis.com,On November 27th, 2012, the Eurogroup (comprising the Eurozone’s finance ministers) reached a decision on Greece. Its essence...
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From Cautious Optimist To Skeptical Pessimist
Thus far, the US has been the mainstay of Western recovery - the basis upon which investors' cautious optimism is espoused.As Diapason Commodities Sean Corrigan notes, this optimism is based upon "A...
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