kingworldnews.com / December 17, 2014
With continued wild trading action taking place in major markets around the world, the Godfather of newsletter writers, 90-year old Richard Russell, covers everything from the “economic hope of the world” to gold and the unprecedented action taking place in global markets.
Russell: “The crashing price of oil has thrown […]
gold-eagle.com / John Rubino / December 16, 2014
To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn’t an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes […]
zerohedge.com / by Tyler Durden / 12/16/2014 08:41 -0500
Yesterday, when we skeptically mocked the NY Mag’s Jessica Pressler coverage of Mohammed Islam, the 17-year-old wunderkind who “allegedly” made $72 million in the market by trading penny stocks, we covered the salient lies and told readers to “feel free to click on the NY Mag’s […]
acting-man.com / Bill Bonner / December 16, 2014
Sticking with the Game Plan
The Dow lost 315 points on Friday – a nearly 2% decline. It is bound to happen sooner or later: US stocks will enter a bear market. Nothing can stop it. Nature and the gods command it. The Dow will fall as […]
acting-man.com / Bill Bonner / December 15, 2014
The Peach Eaters
A conversation in the hotel lobby …
Woman – tall, thin, attractive:
“Hey, you must be a writer. You look like a writer.”
Your editor, hunched over his laptop writing …
Woman, putting her arm around his shoulders …
“I’m Rebecca. What’s […]
mises.org / Ryan McMaken / DECEMBER 12, 2014
This week’s internet-fueled Outrage of the Week is the case of Harvard attorney Ben Edelman who has insisted on “notifying the authorities” to punish a small restaurant for “overcharging” the professor to the tune of four dollars.
Boston.com reported on the case, posting the full email […]
dollarvigilante.com / Wendy McElroy / December 11, 2014
A bill before the Texas legislature is being widely misreported by the alternative media. That’s a shame because H.B. 121 could set a dangerous precedent by giving law enforcement a procedure that invites corruption and could quickly expand in scope. H.B. 121 dramatically increases the police ability […]
acting-man.com / Pater Tenebrarum / December 11, 2014
Malinvestment vs. Overinvestment
Recently we have come across a very interesting article by Lee Adler, which discusses the connection between the Fed’s money printing activities and the shale oil boom. In this context the possibility is mentioned that QE may actually contribute to “creating deflation”.
acting-man.com / Bill Bonner / December 11, 2014
Central Planners and Displeased Value Investors
The Dow fell 51 points on Monday. Gold surged $37.10 – or 3.1% – to settle at $1,232 an ounce. The US stock market is “hideously expensive,” says value investor James Montier at Boston-based investment firm GMO.
He’s not wrong […]
zerohedge.com / by Tyler Durden / 12/11/2014 08:43 -0500
It’s a holiday miracle: give the worst creditors access to cheap money for longer-and-longer terms and hey presto, ‘expensive’ stuff is available to everyone. Retail sales modestly beat expectations in November (+0.7% vs +0.6% expectations) despite the NRF previously reporting the worst extended Thanksgiving shopping weekend […]
mises.org / Peter St. Onge / DECEMBER 11, 2014
The debate whether or not cryptocurrencies are “money” has put a spotlight on the Menger-Mises Regression Theorem. As stated, the theorem posits that a non-fiat money must have had value before it became a money. Some have used currencies’ lack of antecedent value as knocking […]
zerohedge.com / by Tyler Durden / 12/09/2014 08:49 -0500
Gold prices have surged this morning to their highest since October (over $1221) as leveraged hot money greatly rotates its repo-driven way out of risk assets and into Greenspan’s alternative currency. However, there is a bigger problem for the biggest pairs trade that no one is […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, DECEMBER 08, 2014
Financial and risk bubbles don’t pop in a vacuum–all the phantom collateral constructed with mal-invested free money for financiers will also implode.
If there’s one absolute truism we hear again and again, it’s that central banks are desperately trying to create inflation. Perversely, their […]
goldcore.com / By Mark O’Byrne / 8 December 2014
The SGT Report interviewed GoldCore’s Head of Research Mark O’Byrne over the weekend. The video was released yesterday evening and has already had over 5,300 views.
Click on image or here to watch
Topics covered in the interview included:
Gold performing well in all […]
zerohedge.com / by Tyler Durden / 12/06/2014 21:15 -0500
Having raised money at a mind-numbingly bubblicious $40 billion valuation this week (which as a reminder is triple the value of the entire NYC tax medallion business), we thought the pushback from the world’s tax-driving unions was at least worth noting as they resist ‘disruption’. […]
gold-eagle.com / Bill Holter / December 6, 2014
Do you remember seeing old pictures of the Great Depression which depicted “lines?” There were two types, bread lines and also lines to the front doors of banks. While we don’t see any bread lines today, trust me, there are bread lines in every single state, […]
zerohedge.com / by Tyler Durden / 12/06/2014 14:30 -0500
Excerpted from IceCap Asset Management’s Keith Dicker’s latest letter to investors,
Three hundred years ago, physicist Isaac Newton, compiled the Third Law of Motion. Ever since, people everywhere have noticed how every action does indeed have an equal and opposite reaction.
This Third Law of Motion […]
mauldineconomics.com / JOHN MAULDIN / DECEMBER 4, 2014
In today’s Outside the Box the redoubtable James Montier of GMO lifts his lance to prick the underbelly of the Mighty SVM. (That’s Shareholder Value Maximization, for you newbies.) “The world’s dumbest idea” (among many candidates in the world of finance), says James, citing none other than […]
gold-eagle.com / Axel Merk / December 4, 2014
Who would have predicted oil prices in the sixty-dollar range a year ago? Something is not right about these markets. Our take: don’t get burned when markets add fuel to the fire. Here’s what to watch out for as we head into 2015; ignore at your own […]