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The Ultimate Global Risk Matrix - In Seven Dimensions
Sometimes it takes 60 pages to describe where we have been this year; on other occasions it takes 28 pages to describe where we are going and why. However, BBVA (via Constantin Gurdgiev's True...
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To Honor Our Veterans Please Boycott Delta Airlines
“On Dec. 13, 2011, Marine Lance Cpl. Christian Brown was leading his squad on a foot patrol in Afghanistan’s Helmand province when he stepped on an explosive device that blew off both his legs, one...
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Who's Smarter? Dr. Copper Or Mr. Market
Copper is often referred to as the PhD of commodities for, as JPMorgan's Ken Landon notes, "When companies ramp up production of various products, whether during or in anticipation of economic...
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Post-Hyperinflationary Zimbabwe Welcomes The Holidays With 80% Unemployment,...
Zimbabwe's hyperinflation, courtesy of one Gideon Gono - the brilliant man behind such grand monetary experiments as QE and its offshoots throughout the developed world - and numerous one hundred...
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Volume Off; Hedges On
Equity futures closed at their lows (after cash ended nearer its highs) amid deathly quiet volume with VIX at 6 week highs and HYG underperforming. Much was made Friday about the compression in VIX...
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Eric Sprott: Why Are Investors Buying 50 Times More Physical Silver Than Gold?
By Eric SprottWhy are (Smart) Investors Buying 50 Times More Physical Silver than Gold?As long-time students of precious metals investing, there are certain things we understand. One is that,...
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MERSy Christmas Everyone!
A MERSY CHRISTMAS Tis right before Christmas, but they’ll still take your house Many creatures are lurking, like Stern – that louse. The documents were strung together without care, Have a missing...
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The Passion of Monti: A Christmas Story
The political dysfunction of the world's largest economy is epic. Even though Mr. Market is not forcing the US hand, the political class is intent on shooting itself in the foot. Yet the uncertainty...
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When Only The Machines Are Stirring - GBP Goes Bidless
UPDATE: GBP -160pips nowIt seems that while all the good boys and girls of the world are opening gifts and starting to drink heavily on this festive day, something is afoot in the GBPUSD FX pair. With...
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Iran Launches Week-Long Straits Of Hormuz Naval Drill On Friday, Next To US...
With the market still hopeful of some deus ex resolution to the Fiscal Cliff will take place in the last few trading sessions of the year (one where the market itself will not have to be the catalyst...
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MeRRY ZeRo HeDGe CHRiSTMaS!
. . . . His name is Kitty Meow Keynes, inventor of feline money... .
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White House Petition To Deport Piers Morgan Passes Threshold, Now At 60,000...
Frankly we have no idea what this is all about, because as far as we are concerned, CNN long ago became a politicized, ratings-starved farce, wrapped in a joke inside a humiliation (after once upon a...
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Christmas Cheer
I did get an invite to a Christmas Eve dinner party. After the last few years of mishaps I thought I might get left out. This one was up in Bedford, a town where only the 2% are allowed. I was...
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At Least One Market Is Open
Aside from the occasional deranged FX algo which today has decided to take out all its pent up binary anger on the GBPUSD, everything else today is closed. Everything, except, of course, for InTrade...
View ArticleChristmas Day Open Thread
To some, such as those few whose daily net worth is still a function of the policy vehicle formerly known as the 'market', it is a merry Christmas (at least until such time as the recoupling between...
View ArticleGuest Post: Why I Am Hopeful
Submitted by Charles Hugh Smith from Of Two MindsWhy I Am HopefulWhy am I hopeful? the Status Quo is devolving, and a better way of living lies just beyond the corrupt, wasteful, ruinous consumerist...
View ArticleIt’s Potlatch Season—The Celebration Of All Things Material
Is gift giving during Christmas and Hanukkah a wasteful practice by which we just crave status from friends and family? Is it a harmless, even joyful, practice to bestow goodwill and joy on the ones we...
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Oil Flare Fails To Ignite Risk-On Rally In Stocks With VIX At 5-Month Highs
Despite the fact that Europe was closed today, the algos were not to be put off as the day broke beautifully into two pieces with a linear sell-off across assets into 1130ET and then a de-correlated...
View ArticleGeithner - US To Hit Debt Ceiling On December 31
Just because the Fiscal Cliff was not enough...GEITHNER SAYS U.S. WILL REACH STATUTORY DEBT LIMIT ON DEC. 31GEITHNER: WILL USE `EXTRAORDINARY MEASURES' TO AVOID DEBT LIMITTREASURY: SPECIAL MEASURES TO...
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Which Way Wednesday - Cliffmas Is Upon Us
Which Way Wednesday - Cliffmas Is Upon UsBy Phil of Phil's Stock WorldMerry Cliffmas!That's all the MSM is talking about but the markets are, so far, drifting along in the upper end of the year's range...
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