Investment bank manager: “Nobody knows what the f**k is going on…”
• Sovereignman.comFinancial circles in Hong Kong are buzzing today on the new Goldman Sachs projection that gold may drop below $1,000 an ounce.
Contents Pages by Subject
Economy - Economics USA
Marc Faber On Protecting Wealth In The Coming Collapse
• http://www.zerohedge.com, by Tyler DurdenFaber begins by noting that "a deflationary bust, whenever it may happen (tomorrow or 10 years), is inevitable; and is the opposite of an increase in prices from inflation."
Lehman is gone but new financial crises may await
• www.cbsnews.com(MoneyWatch) It's been five years since the collapse of Lehman Brothers. Has anything changed? Far from being jailed, bankers who presided over the frauds that brought down the U.S. economy in 2008 have kept their money and are living large. "Too
El-Erian: What's Happening To Bonds And Why?
• http://www.zerohedge.com, by Mohamed El-ErianTo say that bonds are under pressure would be an understatement.
Bernanke's Helicopter Is Warming Up: Larry Summers - First Pilot
• zerohedge.com... A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices.
The Leveraged Buyout of America With Ellen Brown
• arcleinUsing these excess deposits directly for their own speculative trading would be blatantly illegal, but the banks have been able to avoid the appearance of impropriety by borrowing from the repo market. (See my earlier article here.) The banks’ excess
Prepare For Tough Times If Your Job Has Anything To Do With Real Estate Or Mortgages
• theeconomiccollapseblog.comIf you have a job that involves building homes, buying homes, selling homes or that is in any way related to the mortgage industry, you might want to start searching for alternate employment.
Treasury Yield 30 Years (^TYX) -Chicago Options 3.86 Down 0.0290(0.75%) 2:59PM EDT
• http://finance.yahoo.comTreasury Yield 30 Years (Chicago Options)
The Men Who Stole $16 Trillion from America
• http://www.youtube.com/watch?v=jaufApo8mgQ&featureThe Men Who Stole $16 Trillion from America
...Private Sector Jobs Fell By 278,000 Last Month But The Economy Is Getting Better?
• By Michael SnyderThe Number Of Private Sector Jobs Fell By 278,000 Last Month But The Economy Is Getting Better?
Murray Rothbard and Milton Friedman > "The Feud - When, Where, How, Why"
Ernest HancockDavid Stockman's 742-page "The Great Deformation" - Prompts some understanding about the feud between Murray Rothbard and Milton Friedman
New Estimate: Public Pensions Underfunded by $4.1 Trillion
• .One of the challenges in addressing the underfunding of public pensions is determining how big the funding gaps are. Estimates vary because of disagreement over accounting methods. State officials have an incentive to engage in fudging
YOU MUST SEE THIS!: Karen Hudes World Bank Whistleblower...
• YouTube.ComThis is Greg Hunter's interview with Karen Hudes. She is a World Bank whistleblower.
When Gold Backwardation Becomes Permanent
• Monetary MetalsThe Root of the Problem is Debt
FED PRESIDENT KOCHERLAKOTA: We're 'Failing To Provide Sufficient Stimulus To The Economy
• Business InsiderMinneapolis Fed President Narayana Kocherlakota is speaking at the University of Wisconsin this evening.
Stocks Up, Bonds Up, USD Up; VIX Up? Commodities Creamed
• zerohedge.comAnother very volatile day across asset-classes with no-one having a clue what is going on.
'Shadow' banks face 2015 deadline to comply with first global rules
• ReutersNational regulators must also be equipped with a set of tools to allow imposition of capital and liquidity requirements or temporary limits on how much cash clients can pull out to avoid the destabilizing "runs" on money market funds seen
Glass-Steagall Must be Restored
• arcleinAmerica is a sparsely developed and grossly underpopulated British former colony; it became the world’s leading industrial and commercial banking system originated by George Washington’s treasury secretary, Alexander Hamilton. The 1933 Glass-Steagall
IT’S ALL A QUESTION OF TIMING!
Mike HoyThese last few years have been exceptionally challenging for those who share in the belief that the endless flood of worthless paper and debt can only end with investors, consumers and citizens being forced to pay a bill they cannot even begin to com
IT’S ALL A QUESTION OF TIMING! By Mike Hoy
Written By:These last few years have been exceptionally challenging for those who share in the belief that the endless flood of worthless paper and debt can only end with investors, consumers and citizens being forced to pay a bill they cannot even begin to comprehend.
Read Letter
The Guerrilla Economist Updates
• stevequayle.comOne of the cardinal rules of banking states that during a currency crisis good money leaves and there is a rush for specie or hard assets.
Here's What To Make Of All The Ugly Housing Data
• Business InsiderThe U.S. housing recovery has been one of the most encouraging economic stories in the world since the financial crisis.
Uncle Sam Comes Callin', Asks Jamie Dimon For Another $6 Billion
• http://www.zerohedge.com, by Tyler DurdenThe US is demanding a sum of $6 billion - the total loss associated with the "London Whale" debacle - in compensation for JPMorgan's mis-selling of mortgage-backed-securities.
On The Looming Federal 'Helium' Reserve Cliff (No, Really!)
• http://www.zerohedge.com, by Tyler DurdenJust as I was about to write about the long side of markets, I read about the latest twists and turns in a fascinating story on the short side of things: a potential global helium shortage. And yes, I fought long and hard against the urge to use a pu
Selloffnado: Perfect Macro Storm Clobbers Stocks
• http://www.zerohedge.com, by Tyler DurdenAn ugly day all around...
Guest Post: The Long View On Interest Rates
• http://www.zerohedge.com, by Tyler DurdenThis is the long term view on interest rates. The chart shows both the "Fed Funds" equivalent short term rate versus long term interest rates. There has been much discussion as of late about the need for interest rates to rise as they have been his
Nope, No Inflation Here!
• http://www.zerohedge.com, Tyler DurdenOnce again we ask (rhetorically of course), just what is it that the-powers-that-be mean when they discuss "inflation"?
If You Could Make More Money By Going On Welfare Instead Of Working, Would You Do It?
• theeconomiccollapseblog.comIf you could stay home and relax all day and actually make more money than you do at your current job, would you do it?
100 Days: Treasury Has Kept Debt Frozen at $16,699,396,000,000
• CNS NewsThe Treasury Dept’s latest daily accounting of the US government’s receipts, expenditures and borrowings--released indicates the legally limited debt of the federal govt has now been exactly $16,699,396,000,000 for 100 straight days.
America Eats Its Young
• http://dollarvigilante.com, Wendy McElroyObama just signed the Bipartisan Student Loan Certainty Act. It was cheered as a victory for students in higher ed because it keeps federal student loans at low interest rates through 2015. The victory is Pyrrhic.
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