Archive - Nov 2015 - Blog entry

Scott Sumner said he had a “modest” proposal: there should be a highly liquid futures market in Nominal Gross Domestic Product. Let's look at that.

The ISIS group sells most of its crude directly to independent traders at the wellhead for $20-$45 a barrel earning the group an average of $1.5 million a day.

Obama and Clinton Are JUST AS BAD

While gold prices continue to languish in the doldrums and are on course for their worst month since 2013, global demand and especially Chinese retail, investor and official demand continues to remain very robust. Indeed, China looks likely to see a new record demand for gold annually again in 2015.

This is not the end of the war on cash. Ultimately it will culminate in efforts to impose a carry tax on physical cash if not ban cash outright.

• The best performing asset class of this Millennium is gold, by a country mile.........

Forgotten what 2008 was like? What's coming will be far worse.

The IMF will decide if it's 'Game Over' for the reserve status of the Greenback...

And how did they get it wrong with the Square IPO.

And Even If It Wasn't, It Was An Illegal War Crime

In a statement, the People’s Bank of China thanked the IMF for the recommendation and said it was “an acknowledgment of the progress in China’s recent economic development, reform and opening up”.

The fact of the matter is that despite public opinion, there are problems that are so big that the Central Banks cannot fix them. We’ve seen this in Switzerland and China and now in Europe. It will be spreading to other countries in the near future.

Risk goes up, yeilds go down... What's that look for? Don't you know how bond pricing works in the new millenium?

When I was a boy, a carnival would come through town annually, with a Ferris wheel, a merry-go-round and, of course, a midway

This is a chess match between ISIS, China and the U.S. using Taiwan as a game piece.