Archive - 2013 - Blog entry

As we all know, it helps to have friends in high places. To most of us, that means we know the bartender on Friday night so we can get served quicker than the next guy drowning his weekly sorrows. To others, however...

Nathan Lewis proposes a "gold standard" which is not based on gold. He argues that since gold's only job is to regulate the quantity of paper, we can just tweak the policy of the Fed. Instead of buying bonds to control the rate of interest, they can buy bonds to control the gold price. This is like trying to steer a car by opening and closing the windows.

Don't hate me, and don't shoot the messenger. As a matter of fact, don't argue with simple arithmetic. Those high falutin' Ivy diplomas just ain't worth the time & money & here's a simple way to PROVE IT!!!

During times of universal deceit, telling the truth becomes a revolutionary act--George Orwell

The love affair with Abe is a short.

“The country is more important than democracy”

Though a gold bull, I called for a correction late last year and believe more downside is likely from here.

The numbers we are faced with are so large, the COLA changes are really just a rounding error.

Banzai7's Scary EURO Clowns...

Overview of the drivers of the fx market, a discussion of the price action and a review of the latest Commitment of Traders report from the futures market.  Contrary to ideas that QE3+ is the dominant force and dollar negative, the net speculative position is now long dollars against all the major currency futures but the Australian dollar and Mexican peso.  The dollar's gains though appear to be a function of events outside the US.  

Incase you didn’t notice, the sequester is in place cutting the rise in government spending by all of 2%. I woke up this morning expecting the planet to have reversed its rotation, it was no longer winter and I had aged 30 years. But no, everything was the same, except for the bullshit emanating from various pundits or websites. One thing I’ve learned to do, whether its Obama, Boehner, or Reid is just to tune them out. If there’s a national emergency then I don’t know what I’d do or who I’d tune in—Big Sis?  Good grief!

No, American Banks DON'T Need to Be Big to Compete with Bigger Foreign Rivals

Banzai7: Ok

A major shift is taking place in Central Bank policy. The herd is ignoring the language as usual... just like they did in 2008.

Comes with an “Attendance Justification Tool Kit”