Archive - 2012 - Blog entry

When it comes to matters of finance, I tend to dwell on the dark side.

The head of industrial and precious metals trading at Barclays, Cengiz Belentepe, has told Bloomberg that investors are selling their investments in gold ETFs and opting for the safety of allocated physical gold.

Barlcay’s Belentepe said “the question is whether the pace of buying has slowed, or whether the people have become a bit more sophisticated in recognizing the costs and liabilities.”

No clowning around!

The departure of Vikram Pandit as CEO of Citigroup (C) should come as a relief to the markets, regulators and customers – indeed, just about everybody besides the volatility junkies who like to trade this very liquid, very unstable stock.

I'll show you what a real  chart look s like...

Hmmm… Bunds getting trashed by equities and Spailout; Spain getting a lift on the latter, but a break from Greek Troika news and German back pedalling.

Spain better, but had lost 20 bp just yesterday.

Equities stopping out and squeezing. Credit ripping tighter.

Risk On, but not everywhere. Wild...

Even Slave-Holding Societies Had More Economic Equality than Modern America

Yes, even the perennially rose-colored eyeglass wearing IMF is seeing the Eurocalypse, but what's even more interesting is what's not being said.

Forget Micro economists.

There is no indication that the Obama administration has even considered this eventuality. Indeed, I have not heard anyone on the left refer to Bernanke or the poison of his policies at any point in the last few months.

Catalonia’s independence “would do away with Spain” - Justice Minister

Pleasant dreams...

One way or another, change is coming. 

Military Officers and Code Breakers Speak Out ... On Camera

Divergence in thinking.