• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...

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The Continuing Demonization Of Cash

Centuries-old legal protections have been turned on their head in the war on cash. The insidious nature of the war on cash derives not just from the hurdles governments place in the way of those who use cash, but also from the aura of suspicion that has begun to pervade private cash transactions. The assumption on the part of government today is that possession of large amounts of cash is indicative of involvement in illegal activity.


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Iraqi Kurd Leader Wants Independence Referendum: "The Time Has Come And The Situation Is Suitable"

"The same way that Scotland, Catalonia and Quebec and other places have the right to express their opinions about their destiny, Kurdistan too has the right, and it's non-negotiable."


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This Is What Central Bankers Think Of Retail Investors

A report on China's stock market crash authored last year by former senior officials, including former central bank vice governor Wu Xiaoling, said Chinese retail investors are short-sighted, have a weak investment philosophy and a herd mentality.


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How Do Today's Republican Candidates Compare To The Very First?

The 2016 Presidential election features a wide range of Republican contenders. How do they compare to John Charles Fremont, who in 1856 became the very first Republican candidate for President?


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Complete And Utter Chaos


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Vancouver Real Estate Goes Full-Retard; Average Home Price Now $1.8 Million

Residential property sales in Greater Vancouver rose 31.7% in January. That’s 46% above the 10-year sales average for the first month of the year and the second highest January ever, the Greater Vancouver Real Estate Board reports. The benchmark price for a detached home in Vancouver: $1,293,700. The "benchmark" price represents what the Real Estate Board says a "typical" home would go for on the market. If we simply take the arithmetic mean (i.e. the average), the numbers are even more astounding.


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Pitchfork Time? "Elites Have Lost Their Healthy Fear Of The Masses"

"Today’s elites have lost the sense of fear that inspired a healthy respect for the masses among their predecessors. Now they can despise them as losers, as the aristocracy of ancien régime France despised the peasants who would soon be burning their châteaux. Surely today’s elites are going to learn how to fear before we see any reversal of the recent concentration of wealth and power."


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Gold - It's Time To Pay Attention

The psychology dominating the minds of most institutional investors over the past few years has been that things were slowly getting back to normal. This has weighed on institutional demand for gold in a big way, and been a meaningful factor in the bear market (manipulation aside). The problem now is that this assumption is quickly being called into question, and if this psychological shift gathers pace, the shift back into gold could be very meaningful.


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Goldman Capitulates: Revises Fed Call, No Longer Expects A March Rate Hike

Another day, another Goldman prediction fiasco, and no, we are not talking about the stop out of the firm's Top Trade for 2016, namely the long USDJPY, short EURUSD (although that should happen any minute) - we are talking about that perpetual permabull, Jan Hatzius, just admitting the economy is in far worse shape than expected (if only by him), and as a result he just "revised" his Fed rate hike call, no longer expecting a March hike, instead now forecasting that the first rate hike will be in June and "and see a total of three rate increases this year."


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"It's Probably Nothing": January Truck Orders Collapse 48%

Or, it could be something.


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All Roads Lead To Treasuries

Because a currency represents a relative relationship, Fed hikes could have helped pull other central banks away from the dangers and consequences of negative rates, while still helping their hidden desire for a weakened currency. Opposing central bank policy actions would cause too powerful of an impact on exchange rates. Unfortunately, it appears the path into negative territory is winning the directional battle. A classic prisoner’s dilemma has arisen for the Fed.


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"We're Nearing The End" David Stockman Warns, Retail Investors Are "Heading For The Slaughter"

The retail investor waded in again. The sheep lined up and, unfortunately, are heading for the slaughter one more time. I think it is very hard to see how this Baby Boom generation, with 10,000 of them retiring a day, can afford one more devastating crash in their stock holdings. That is, unfortunately, what we are heading for. That’s why I say it’s dangerous. When the bubble breaks, it will spill and flow throughout the Main Street economy.


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Town Hall Meeting Erupts After German Mayor Says Schoolgirls Should "Not Provoke" Refugees

“You're not allowed to walk in your own city anymore! Go home, boy! Who the hell elected you?"...


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Martin Shkreli's Freedom In Jeopardy After E*Trade Account Takes $40 Million Hit

Early last month, we asked a simple question: "Will Martin Shkreli, like the E*Trade-ing Joe Campbell whose short position in KBIO blew up when Shkreli acquired more than half of the float back in November, start a GoFundMe page in the event his collapsing holdings leave him a few million short on the bail bond?” We may soon know the answer.


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