Guest Post: Reality Has Consequences
Originally posted at Monty Pelerin's World blog,The world no longer makes sense to most people over forty years of age. Much of what we thought was true is now denied. What to us is obviously false (or...
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Weight Inflation: A Rising Tide Of Fat Lifts All Scales
Remember when after the Fukushima explosion, in order to avoid panic Japan doubled the maximum dose of "safe" daily radiation allowed, and then raised it some more? This is kinda like that, but instead...
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Goldman's Top Ten Market Themes For 2013
Whether you trust the squid and their thought process or believe in 'better the devil you know', Goldman's top thinkers - from Garzarelli to Himmelberg and from Stolper to Hatzius and Wilson - lay out...
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Futures Test Friday Highs As Avalanche Of PMIs Begins With China Beat
Good is 'good' it seems once again - though we do remember just a few short weeks ago when the world and his pet rabbit were hanging on every word from the Chinese leaders and their next epic...
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Investor Sentiment: This is an Issue
Ok, this is becoming an issue with this market. When looking at the sentiment data, we note 3 things. One, the bearish extremes in investor sentiment are not too extreme. The recent bearish extreme in...
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Next Up For A "Recovering" Europe: A 30-50% Collapse In Wages In Spain, Italy...
Several weeks ago Europe officially entered a double dip recession, and based on various secondary economic indicators, even Europe’s primary economic powerhouse, Germany, is on the verge of negative...
View ArticleYou Have No Privacy, Conduct Yourself Accordingly
Former NSA employee William Binney (a very brave man), again tries to warn people about what is happening right now in regards to our civil liberties (or lack thereof). This disturbing video adds...
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Equities End At Low-Of-Day In Catch-Down To Risk
Europe started to bleed after the Spain bailout debacle but from the open, US markets fell. They plunged on the ISM miss, bounced to VWAP in their wonderfully efficient way, and then spent the rest of...
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Total US Debt Hits $16,369,548,799,604.93; Debt Ceiling Just $63 Billion Away
And so the US debt ceiling of $16.394 trillion is now just $63 billion away. Furthermore, once Thursday's Bill auction adds another $26 billion in net debt, the ceiling will be a tiny $40 billion off,...
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Guest Post: ISM - Outlook Declines
Via Lance Roberts of Street Talk Live,The recent release of the ISM Manufacturing index continues to point to signs of a slowing economy. For the most recent month the Purchasing Managers Index (PMI)...
View ArticleLighthouse Investment On The 'N'-Word In Monetary Policy
N as in "Nominal". Nominal GDP targeting, the latest burlesque of monetary fiction. But first things first. There is a land, where people calculate a "potential GDP". How do they do that? By simply...
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Guest Post: Still Not Spreading the Wealth Around
Via John Aziz Of Azizonomics blog,Obama has always claimed to want to spread the wealth around. Yet, as I stressed this June (and in my first ever blog post way back in July 2011!) that’s the exact...
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Is That As Good As It Gets For US Macro?
Much has been made of the rise in relative positive surprises in US macro data as a support for the equity market (even as bottom-up earnings and outlooks suggest otherwise). This has as much to do...
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Merry Monday Morning – Will Santa Come to Town?
Merry Monday Morning – Will Santa Come to Town?Courtesy of Phil of Phil's Stock WorldIs it time for the Santa Clause Rally?For something people seem to take for granted – they never seem to know what...
View ArticleGuest Post: India's African "Safari"
Submitted by Sudha Ramachandran via The Diplomat,Although its interests in the continent are broadly similar, India’s engagement with Africa differs significantly from China. Will it prove...
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Time For Bernanke To Retract His Sworn Testimony To Congress
Three months ago, as part of our ongoing explanation of what happens next to the Fed's balance sheet (which is now established as official canon in advance of the December 12th FOMC, when Bernanke will...
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The Evolution Of US And UK Central Banking: An Infographic
Investors once knew: Focusing on assets without understanding monetary matters can get you into trouble. They have since forgotten this. Ironically, then, there’s great value in remembering it. As...
View ArticleGuest Post: Why Is The U.S. Allied With Al Qaeda In Syria?
Via Mike Krieger of Liberty Blitzkrieg blog,I have made comments about this on many occasions over the past several months, as even mainstream media outlets have covered the fact that our allies, the...
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When is a Rate Cut Not Enough?
When is a Rate Cut Not Enough? Justin Burkhardt | FXFocus.com Today the Reserve Bank of Australia (RBA) cut the its rates by a quarter of a percentage point to 3.0 percent, as panic set in that the...
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The Most Popular Rifle in History: An Infographic
We have shown the recent surges in both sales and capitalization of several far, far smaller weapons-makers in the US: Smith & Wesson and Sturm, Ruger (along with the world's seemingly inexorable...
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