Artist's Impression Of GOP Presidential Nominee Race That platform is starting to get full… of something… Source: Townhall.com "Goldbug" Analysts Capitulation Submitted by Leonard Sartoni via GoldBroker.com, The gold market has been in a profound lethargy (at least in dollar terms) for over a year. This is as frustrating for the bulls as …
Category: Economy
Jun 17
Today’s News June 17, 2015
Goldman Asks, Is The Bundesbank "Ominously" Trying To Sabotage The ECB's QE? When the sell-off in German Bunds first got going, it looked like a temporary squeeze, with the largest position in the market – the ECB QE trade – coming under pressure after much weaker-than-expected Q1 GDP on 4/29. However, as (Draghi mouthpiece) …
Jun 16
Today’s News June 16, 2015
Bank Of America Begins 66-Day Countdown Until The Terrible Ghost Of 1937 Returns In 66 trading days on September 17, 2015, the Federal Reserve will, according to Bank of America, hike rates for the first time since 2006, which according to BofA will “end the era of excess liquidity.” We disagree entirely, but let’s hear …
Jun 15
Today’s News June 15, 2015
Snowden, Putin, Greece: It’s All The Same Story Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Through the last decades, as we have been getting ever more occupied trying to be what society tells us is defined as successful, we all missed out on a lot of changes in our world. Or perhaps …
Jun 14
Today’s News June 14, 2015
IMF Says It Will Continue Lending To Ukraine Even After A Default, And Why This Is Bad News For Greek Gold With Tsipras’ delegation in Brussels desperate to work out a last minute deal and preserve Greek pension cut “red lines”, not to mention Greece in the Eurozone, it is the IMF which has become …
Jun 13
Today’s News June 13, 2015
Round 1 Goes to We the People Fast track authority for TPP – which would have assured the passage of a horrible treaty – was voted down today. But Obama, Ryan and the powers-that-be are forcing Round 2 on Tuesday. Conservatives and liberals BOTH hate the TPP. It's literally We The People versus the oligarchy. …
Jun 12
Today’s News June 12, 2015
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter The high-rise construction boom in Toronto has been evident for a while. It has been motivated by sky-high prices. In May, prices in Toronto rose another 5% from a year ago. For all types of homes, prices are now 42% higher than …
Jun 11
Today’s News June 11, 2015
Why Greece Must Leave Submitted by Raul Ilargi Meijer via The Automatic Earth blog, French Economy Minister Emmanuel Macron and German Vice-Chancellor Sigmar Gabriel published a piece in the Guardian last week that instantly revived our long nourished hope for the European Unholy Union to implode and be dissolved, sooner rather than later. The two …
Jun 10
Today’s News June 10, 2015
How Could the Fed Protect Us from Economic Waves? by Keith Weiner Mainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally tend to go overboard and cause wild swings in both directions. Thus, we need an economic central planner to …
Jun 09
Today’s News June 9, 2015
What Is the REAL Risk from Terrorism? Preface: Bad government policy has increased the level of terrorism. And corruption in our security agencies has allowed attacks to succeed which should have been stopped. Even so, the levels of terrorism are still much lower than many assume. Government officials and counter-terror experts may hype the terror …
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