• Sprott Money
    01/30/2015 - 08:31
    The quick-and-easy way to categorize the retail sector of the U.S. economy would be to use the metaphor of “falling off a cliff”. However, such a characterization would be overly simplistic. A...

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Bonds & Bullion Best Since The Fed 'Spice' Stopped Flowing

Since the end of The Federal Reserve's money-printing machinations (otherwise known as QE3), something odd has happened to global asset markets. US equity markets have suddenly stopped going up, bonds have soared, and physical demand for precious metals is bleeding back into the paper-pricing markets. Furthermore, the ubiquitously suppressed volatility across every asset class has slowly but surely started to decompress.



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Is The BLS Overstating Jobs?

Is the BLS overstating employment growth? I guess it depends on whose data set you choose to believe. However, there is little denying the fact that with over 60% of the population living paycheck-to-paycheck, stagnant wage growth and declining net worth over the last five years, there is something that simply does not add up. If employment growth were indeed growing as strongly as in the late 90's, it would seem logical to expect that many of the disparities in the economic landscape should be starting to equalize somewhat. Unfortunately, that has yet to be the case.



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Medvedev Warns Of "Unlimited Reaction" If Russia Cut From SWIFT

While nations around the world continue to de-dollarize, Russia signed into law its anti-crisis plan today (though details will not be released until tomorrow). Prime Minister Dmitry Medvedev, however, was quite vociferous in some of his threats, warning The West that the "Russian response - economically and otherwise - will know no limits" if Russia is cut off from the SWIFT payments system. Additionally, as Royce, the chairman of the House foreign affairs committee, explains Iran nuclear talks "appear to be stalemated," just days after Iran completes its de-dollarization and news today, that Russia and Iran plan to create a mutual account for bilateral payments in national currencies.



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Apple's Cash Is Now Greater Than The Market Cap Of These S&P500 Companies

With $178 billion in cash, AAPL - which is the largest company in the world with market cap of over $660 billion - has a greater cash hoard than the market cap of all but 17 S&P 500 companies. The table below shows Apple's cash holdings in context.



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Apple Reports Blowout Quarter Due To China Sales Surge, Cash Rises To $178 Billion: The Quarter In Charts

While the rest of the tech space has been sucking wind so far this quarter, Apple just reported its most blowout, and record, quarter in recent history. Their Q1  numbers are simply stunning and as follows:



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How AT&T Just "Beat"

... in one simple chart.



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It’s Not The Greeks Who Failed, It’s The EU

It’s important that we all, European or not, grasp how lacking in morality the entire system prevalent in the west, including the EU, has become. This shows in East Ukraine, where sheer propaganda has shaped opinions for at least a full year now. It’s not about what is real, it’s about what ‘leaders’ would like you to think and believe. And this same immorality has conquered Greece too; there may be no guns, but there are plenty victims. The EU is a disgrace, a predatory beast unleashed upon all corners of Europe that resist central control and, well, debt slavery really, if you live on the wrong side of the tracks. SYRIZA may be the last chance Europe has to right its wrongs, before fighting in the streets becomes an everyday reality.



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Is The US Preparing To Blame The Next Market Crash On "Russian Spies" And HFT?

Spy 1: You can ask about ETF. . . . E-T-F. E, exchange.
Spy 2: Yes, got it.
Spy 1: How they are used, the mechanisms of use for destabilization of the markets.
Spy 2: Aha.
Spy 1: Then you can ask them what they think about limiting the use of trading robots. . . .



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Jim Cramer On The Only Conference Call Worth Listening To

"The only conference call you will ever need," according to Jim Cramer, is Caterpillar, it "is my gospel, my go-to call on which many of my decisions are based... I trust Caterpillar's long-term vision... it is a superb evaluator of what's happening in each of the countries it sells in and gives you the most thorough description of each economy." As Cramer concludes, "Caterpillar's the primer, the sopurce for your global outlook..."



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Cleanest Dirty Shirt? US Macro Data Worst Start To A Year In Over A Decade

"There is no alternative..." "Cleanest dirty shirt..." "Fed has to raise rates..." "Decoupled..." - Umm no! 2015 has started with the worst disappointment and weakness in US Macro data in at least a decade... but apart from that, BTFD!



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Greece At The Crossroads: The Oligarchs Blew It

Once one oligarchy falls, it will threaten to topple a long line of oligarch dominoes.



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Worry-Warts Agenda For The FOMC

"Can Fed policy ever be local again?" asks Bloomberg's Richard Breslow ahead of this week's meeting, as there are plenty of things to focus on if you want to be worried about the world...



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Art Cashin On The Anniversary Of The Unsolved Murder Of A Banker With "Too Many Enemies"

On this day in 1955, the police were called to the five story, Fifth Avenue, mansion of Serge Rubenstein. There they found the corpse of the controversial 46 year-old "Financier." He had been strangled with a curtain cord. Rubenstein embodied in one man everything that would later be called "the sins of the eighties." He was greedy. He was flashy. He was a raider. His operations were shrouded in mystery and covered by dummy companies. And he used the press to exaggerate his wealth, so that he could bump up his credit with gullible bankers. He had been the guest of presidents and potentates. And through it all most folks thought he was a real slime ball. In covering his murder, Time magazine felt he had so many enemies that, with only a little tongue in cheek, Time congratulated the New York City police on having "....narrowed the list of suspects down to 10,000." It never got narrower.



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The Full Breakdown Of Greece's New Cabinet

Alexis Tsipras has announced his new cabinet to lead Greece forward - with or without Europe. As was expected the economist Yanis Varoufakis was given the key position of Finance Minister, and another influential economist, Nikos Dragasakis was appointed Deputy Prime Minister...



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