Archive - Nov 2013 - Blog entry

Printing yourself out of trouble and to wealth works. For the elite. Even in Japan. But how are workers and consumers faring? And by implication the real economy?

There are a couple of disturbing points that came out of her take on bubbles and the rationale behind not tapering a mere 10 or 15 Billion dollars given the monthly commitment of 85 Billion in Fed Purchases every month.  

Overview of the near-term outlook for the major currencies.  

This brings me back to an earlier point, that profits and earnings are likely peaking. All of these point to a top forming.

Can the US hit the 9.5 million barrels per day passing the historical trend of 9 million barrels per day mark in 2014? And if so what does this mean for Global Oil prices? 

Early signs of Walmart sink...

There was more irregular price action in trading yesterday between 1800 and 1830 GMT. Gold had trended slightly higher in the afternoon and was trading at $1,244/oz prior to a sharp but very brief spike to $1,254/oz and then sharp concentrated selling saw gold fall by more than $20 to $1,231/oz before bouncing higher and recovering to the $1,245/oz level again. 

The trading was unusual as foreign exhange markets saw no price movements of note, nor did the silver, platinum and palladium markets.

Now I was a kid once too, and I liked toys as much as the next child, but over the years, I have grown increasingly aware of the fact of how short-lived the pleasure of Getting Stuff is. Whether it's a toy as a child or a sports car as an adult, once you've actually got whatever it is that you thought you couldn't live without, well, it just sort of blends into normalcy.

There is no free lunch.  Either we kill growth via financial repression of savers or we embrace the painful process of debt restructuring for the major industrial nations.

Predictions for 2014 from a cold war spy

Happy Hank'sgiving!

The ruling triumvirate consisting of the military-industrial complex, global bankers, and governments have misappropriated nearly every pillar of society. Here's how we combat this.

An important question is what exactly is Goldman's motivation for the peculiar gold deal? Does it wish to have access to Venezuela's gold reserves? There area many other innovative ways that Goldman could help Venezuela with its current economic travails that do not involve gold. Were Venezuela to default on the bonds would Goldman become the beneficial owner of Venezuela's gold reserves?

Japan – Like the U.S. – Turns to Censorship

Goebbel, Goebbel, Goebbel!!!