Archive - Jan 2013 - Blog entry

You know how we feel about special order-types and expert networks.  I'll save you the long-winded paragraph so you can keep selling AMZN.  Here is an HFT infographic

To teach Chevron an excruciatingly painful lesson for its “serious willful” violations that caused 15,000 people to seek medical treatment. But a rounding error?

The current government stance on Marijuana and Online/Casino Gaming is making their position from a legal standpoint look completely arbitrary and lacking in credibility. 

As we noted in yesterday’s article, the Fed is already splintering on the benefits of QE. For the US to print such an ugly GDP number right after QE 3 and QE 4 were announced doesn’t bode well for more aggressive policy from the Fed. But then again, we are talking about the Fed here, so they could very easily claim that the bad GDP print is because QE 3 and QE 4 are not big enough.

Global finance, the continuation of war by other means...

Kangaroo Court Show Trials and Blatant Obstruction of Justice

Ugly unemployment numbers are politically inconvenient in democracies.

As I noted in an article published Thursday morning, the government bought three quarters of a percentage point worth of growth in the third quarter leading several hapless commentators to opine on national television that the U.S. economy was not only on solid footing but was in fact experiencing "above trend" growth. Of course if you're the mainstream financial media what is good for the Q3 goose is not necessarily good for the Q4 gander and so when fourth quarter GDP printed in contraction territory Wednesday, viewers were encouraged (much to the chagrin of a predictably irate Rick Santelli) to discount "volatile" government consumption expenditures and focus only on the components that made a positive contribution.

Gold rose $13.80 or 0.83% in New York yesterday and closed at $1,676.50/oz. Silver slipped to a low of $31.24 in the morning, but it then ran up to a high of $32.24 and finished with a gain of 2.01%.

Gold hovered nearly unchanged after surprise GDP figures showed that the U.S. economy contracted and the U.S. Federal Reserve maintained asset purchases. Platinum is on track for its most stellar month’s performance in a year.

If Peter Schiff is selling gold, then maybe you should too!

Nice try, but they still haven't addressed margin compression. They need a new business model to counter Android's "less than free" approach. Watch their chart imitate the cliff dive, once again!

BMW, Vatican, Big Banks Enjoy Ill-Gotten Gains

Here, have some derivatives spaghetti!

All this talk about some Super Cycle turn in the economy is putting the proverbial cart ahead of the horse.

The “tipping point” occurs at about the time when the local stock market returns fall below the currency depreciation.