Archive - Dec 13, 2012 - Blog entry
Germany’s Favorite Rabble-Rouser Economist Lashes Out
Submitted by testosteronepit on 12/13/2012 22:05 -0500The longer you delay needed “radical measures,” the more private investors will be able to sell “their toxic paper without haircut to governmental bailout funds, and then hightail.”
Moore’s Law, Cheap Electronics and Homeland Security Money Combine to Create Big Brother
Submitted by George Washington on 12/13/2012 20:25 -05001984 Is HERE
A Totally Different Ballgame Soon / Crime In A Flash
Submitted by lemetropole on 12/13/2012 18:25 -0500A.M. Kitco Metals Roundup: Gold Drops Below $1,700 Following another Mysterious Price Drop in Asian Trading
Gold set for dramatic correction: hedge fund manager
Going Geriatricidal
Submitted by Bruce Krasting on 12/13/2012 18:00 -0500Who knows? I might even become an EE'er. This joke is on me.
Fed Losing Its Grip on Our Expectations
Submitted by RickAckerman on 12/13/2012 14:22 -0500The institutional crazies, village idiots and knee-jerk opportunists who bought shares yesterday following a Fed announcement of yet more monetization seem not to have been paying attention, at least initially, to the nasty sell-off in T-Bonds. Well before yesterday, any sentient being would have surmised that easing’s impact on the economy had reached the point of diminishing returns. With administered rates pegged at zero and mortgage loans near historical lows, how much more boost are we to expect from yet another gaseous effusion of bank-system credit?
13 Dec 2012 – “ When It's Sleepy Time Down South ” (Louis Armstrong, 1931)
Submitted by AVFMS on 12/13/2012 11:54 -0500Markets getting back to some normality with the Periphery still recovering, although less today after the auctions, Bunds 5 wider on the week, Italy 10, but Spain 7 tighter across the curve from last Friday. Equities and Risk oblivious to that anyway and synching with the US. Getting difficult to find something crisp out there with reduced news flow and volatility. Excitement to be found in the US on FC developments, now that Greece, Spain and Italy are seemingly off the table and that the FED has moved to QE4.
"When It's Sleepy Time Down South" (Bunds 1,35% +1; Spain 5,38% +4; Stoxx 2622 -0,2%; EUR 1,308 +40)
QE BaSiC PRoCeSSeS: THe RoLE oF "PRiMaRY DeaLeRs"
Submitted by williambanzai7 on 12/13/2012 09:37 -0500We are sorry to interupt regularly scheduled Banzai7 Holiday Programming with this consummate farce...
Foreign Exchange Frustrates
Submitted by Marc To Market on 12/13/2012 06:31 -0500The US dollar saw its post-FOMC losses extended only against the euro as the perhaps the passable success of the Greek bond buy-back and bank supervision deal lent support to the single currency.
Yet, even it succumbed to selling pressure in the European morning and returned to pre-FOMC levels near $1.3040. Against most of the other majors, the dollar has been confined to yesterday's ranges. This is somewhat reminiscent of the price action after QE3+ was announced on Sept 13, with the dollar bottoming either that day or the following day.
Of course, we recognize that monetary policy is one of the factors the influence foreign exchange prices. There are factors as well. It seems that most investors and observers look at the same variables in their formal or informal models of currency determination, but differ on the coefficients, or weights that are given to the variables, which seem to change over time.
Why the Gold Standard Can Return the World to Global Economic Prosperity
Submitted by smartknowledgeu on 12/13/2012 06:15 -0500The most commonly forwarded arguments against the implementation of a true 100% gold-backed sound money system can easily be disproven and thoroughly debunked with a small dose of history and another dose of logic.
Margin Debt Continues To Climb
Submitted by CalibratedConfidence on 12/13/2012 02:37 -0500Borrowed money keeping stocks afloat
