Archive - Mar 2013 - Blog entry

Farcebook does not have a credible advertising model & any Facebook analyst/pundit who valued FB without trying the platform isn't worth the postage to mail his bonus check...

The mooted savings levy in Cyprus is a form of wealth confiscation on behalf of the EU which is making depositors throughout the Union nervous. There has been no dramatic increase in the demand for gold in recent days. However, this could be a ‘tipping point’ moment when savers realise that they are unsecured creditors of banks and their savings are not sacrosanct.

Nat Gas kissed $4 just after 10:00 EST and then subsequently collapsed to $3.891 before rebounding all the way back.  Coupled with Fannie Mae, we're in an Efficient Market!  This time, the computers were a full 7 seconds ahead of the release, not the 400 ms we've been seeing.

The likely outcome of the Cyprus crisis now looks to be even worse for the average Cypriot that appeared likely over the weekend. Those who think countries would be better off outside EMU rather than in, just might be able to test their hypothesis. We suspect they will be sadly surprised to learn that the only thing worse of getting in is getting out.

Many commentators have spent a great deal of ink proclaiming China to be the next great economic power. While it is true China has seen dramatic improvements in its economy over the last 30 years, my view has been and remains that most of the “growth” of the China “miracle” is just a debt-fueled bubble built upon a loose foundation of Government corruption and fraud.

I think Bernanke is telling the greatest lie ever told.

A dispassionate review of yesterday's developments and today's.

If you don’t collapse the system, the system will collapse you.

Cheney Caught In Another Major Lie

Lightening does not strike twice in the same place very often, especially in Washington.

Meet the Troika Follies!

The simple fact remains that politicians proposed stealing savings deposits from the people in order to fund a bank bailout. You can dress this idea up however you like, calling it a “levy” or “tax” but taking someone’s personal property without their permission is theft plain and simple.

It is not just that there is a monetary union without a fiscal union, but European monetary union itself is incomplete.

In the below video, I discuss why we’ve all already been “Cyprus’d” to a far greater degree than Cyprus citizens can be Cyprus’d, and how we can stop being Cyprus’d in the future.

Given the relatively calm market reaction to yesterday's vote by the Cyprus Parliament, the UK budget and the US FOMC meeting will be vying for attention today. Got Milk? Milk prices have soared again in New Zealand to distribute the drought induced scarcity. Whole powder milk prices jumped 21% in the latest fortnightly auction, while volumes fell 28%.