• GoldCore
    08/04/2015 - 06:08
    The headlines are dramatic, ugly and depressing to anyone who holds gold right now. Broad market sentiment has shifted from disdain and dismissive to highly negative. Hedge funds are shorting gold...
  • Pivotfarm
    08/03/2015 - 15:25
    The quest for perfection is man’s unattainable goal. Man can never be perfect if we are to believe the English philosopher Thomas Hobbes. Man is man’s wolf and all of that.

Wall Street Journal

Sprott Money's picture

Dr. Mark Skousen: I’ve Been Fighting a Battle Against these Ideas – the ‘Paradox of Thrift’ is a Myth (Sprott`s Thoughts)





According to Austrian economists like Dr. Skousen, consumption and consumer spending are not the main drivers of economic growth. What really drives an economy are investments and innovation from businesses.

 
Tyler Durden's picture

The Wolf Is Guarding The Hen House: The Government's War On Cyberterrorism





“The game is rigged, the network is bugged, the government talks double-speak, the courts are complicit and there’s nothing you can do about it.

 
Tyler Durden's picture

The End Is Kind Of Nigh





All Good Things Must End... this may not be the end of the world exactly. But the end of the fiat money system President Nixon gave birth to in 1971... when he cut the dollar loose from gold. And it may feel like the end of the world, because of the social chaos it will provoke.

 
Tyler Durden's picture

Market Top's In? Why Buy-The-Dippers Can't Get It Up





Currently, a new form of danger arises. The Keynesian pettifoggers at the Fed have painted themselves into an epochal corner. After 78 months of ZIRP they have no idea about how and why they got here; and now, mired deep in the lunacy of free money, they are clueless about where they are going next. There is not a chance the US economy has decoupled from the rest of the world. The great credit-driven boom was universal and fueled by out of control central banks. Now comes the bust phase, and these same money printing central bankers have no clue what to do about it.

 
Tyler Durden's picture

The Transparent Truthlessness Of The Fed





The transparent truthlessness of the Fed’s basic premises go far to explain the chasm between official policy and reality - though it does not explain the appetite for plain lying of the supposedly informed minority cohort of the public, the deciders among us in business, politics, and media. Within th enext few months (between "patient" removal, token rate hikes, and reversals to QE4), the Fed will be completely out of cred. This will be the biggest disaster of all, since the loss of faith in august institutions will rage through every polity in the advanced economies. Nobody will believe any longer in anything they say or do, and especially the value of the papers (or digits) they denominate as money.

 
Tyler Durden's picture

It Is Time For A Criminal Probe Into Tim Geithner's Leaks As Vice Chairman Of The Federal Reserve





Since Jeb Hensareling is opening a criminal probe into the Fed for leaking material, non-public information because Congress is “committed to holding the Federal Reserve accountable for its actions and omissions, and to ensuring transparency in its operations”, it is also time to finally hold none other than former Treasury Secretary and then-Fed Vice Chairman Tim Geithner criminally accountable for his actions.

 
Tyler Durden's picture

The Coming Chinese Crackup





The endgame of communist rule in China has begun, and Xi Jinping’s ruthless measures are only bringing the country closer to a breaking point...

 
Tyler Durden's picture

Speculation In This Sector Will End "Very Badly," Canada's Warren Buffett Says





Whether it’s subprime auto lending, Janet Yellen’s “stretched” biotech sector, or corporate credit, bubbles abound in today’s fragile market. Prem Watsa thinks valuations in one sector are particularly outrageous.

 
Tyler Durden's picture

Peak Crony Capitalism: First Citi Writes US Financial Laws, Now Boeing Tells Ex-Im Bank What To Do





Today's most under the radar news, just as Citigroup was to Congress, and the swaps push out language, so Boeing, that primary recipients of the generosity of America's Export-Import (Ex-Im) Bank, has been caught red-handed drafting the rules of none other than the Ex-Im bank itself! According to the WSJ: "when the Export-Import Bank sought to respond to critics with tighter rules for aircraft sales, it reached out to a company with a vested interest in the outcome: Boeing Co., the biggest beneficiary of the bank’s assistance." Or nothing more than a criminal conflict of interest, which, once again, is at the expense of America's infinite bailout piggybank: it's taxpayers.

 
Tyler Durden's picture

Frontrunning: March 13





  • Again as first reported here: Record U.S. Oil Glut May Fill Storage, Cut Prices (BBG)
  • IEA sees renewed pressure on oil prices as glut worsens (Reuters)
  • No EU unanimity on renewing Russia economic sanctions (Reuters)
  • Tsipras says Greece doing its part in euro zone deal (Reuters)
  • ECB Set to Buy Fewer Bonds as Price Gains Ease Crunch (BBG)
  • These Americans Are Getting Rich Trading Derivatives Banned in the U.S. (BBG)
  • U.S. 2015 profits forecast to grow 1.7 percent; oil, dollar are concerns (Reuters) - in a month this will say "decline"
  • Manhunt for shooting suspects grinds on in Ferguson, Missouri (Reuters)
 
Tyler Durden's picture

Bill Ackman Faces FBI Probe Over Possible Herbalife Stock Manipulation





Herbalife stock is up over 5% after hours after WSJ reports Bill Ackman (among others) made false statement about Herbalife's business models to regulators - in order to spur investigations into the company and lower its stock price. This comes just months after Ackman kinda-sorta-didn't-really insider-trade in the Allergan 'scam' that we detailed here. We suspect Whitney Tilson (and his Lumber Liquidators positions) is getting a little nervous now... and Carl Icahn is quietly laughing to himself.

 
Tyler Durden's picture

Plunge Protection Exposed: Bank Of Japan Stepped In A Stunning 143 Times To Buy Stocks, Prevent Drop





The BoJ has now gone full intervention-tard - buying Japanese stocks on 76% of the days when the market opened lower.

 
Tyler Durden's picture

The 'Other' Biggest Greek Problem: Shipping





Simply put -  the Greek economy still consumes more than it earns. Despite a 25% contraction in its economy, a plunge in domestic consumption and a sharp decline in imports, as WSJ reports, Greece is still exporting less than it imports, i.e. its current account is still negative. The reason... Shipping.

 
GoldCore's picture

Apple Gold Demand - Bloomberg View Misrepresents GoldCore





- Silly gold ‘bug’ name calling shows bias against gold and towards stocks   - “Gold bugs” and “stock roaches” can peacefully coexist - Maybe a rational debate would be enlightening  ...

 
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