Archive - Jul 16, 2013 - Blog entry

If the Government Is Going to Spy … Why Doesn’t It Do Something USEFUL?

This is your economic pilot...

But Phil's shorting oil - betting against a crime scene. 

“There is no cure for high prices, like high prices.” This is why the Middle East can never truly have a prolonged supply shortage. They will price their customers out of the market!

Larry Summers has been failing up since he entered the public sphere. The reults have been catastrophic for many main street Americans.

Danger and opportunity arrive hand in hand.

As the trial of Fabulous Fab gets under way in Manhattan, there is someone that will be hearing the clinking of champagne glasses as they celebrate the doubling in profits of the rogue ( well, we love a scapegoat in the story, even though we all know it can’t be true) trader’s former employer, Goldman Sachs.

History shows us that panic follows a loss of trust. The financial house of cards we've built today is ripe for a panic-causing event.

The concept we call gross domestic production (GDP) is highly distortive. It obfuscates intelligent debate in economics as the true underlying force for economic growth, capital accumulation, is seen as detrimental to prosperity

Fancy making some easy money? Just go in for the ‘Blueprint for Britain’ competition that is being staged by The Institute for Economic Affairs which is asking participants to provide a 2, 000-word piece on how the UK would be able to leave the EU and get around problems such as fitting into the geopolitical landscape and still surviving but going it alone.

At this point any sane person would scream, “STOP.” The driver is clearly a madman and shouldn’t be let anywhere near the driver’s seat. Moreover, he’s totally lost all credibility and isn’t to be trusted.

Trading of spot bullion of 99.99 percent purity on the Shanghai exchange exceeded 20 tons every day between April 16 and May 6. That’s more than four times the daily average in 2012. Volume reached a record 43.27 metric tons on April 22.

China’s net gold imports from Hong Kong increased 40% in May from a month earlier as the metal’s deepening slump continued to attract bargain hunters to bullion shops in China and Asia.

Some thoughts on why US auto sales are at their strongest pace since prior to the crisis, while EU auto sales are at 20 year lows.

There are over 4 times as many leveraged bulls as leveraged bears.