Category Archives: Financial

Job Collapse: “Cold, Storms” Blamed

Posted on February 5, 2014 by DRenegade

The January ADP print missed as we expected, printing at 175K vs the expected 185K, while the December 238K was revised lower to 227K, confirming that ADP is nothing but an NDP trend follower and an absolutely worthless and meaningless data … Continue reading →

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Where the *Bleep* Is Germany’s Gold?

Posted on February 4, 2014 by DRenegade

FREEMANSPERSPECTIVE You may have heard something about this story, but I think it’s important to take a few minutes to restate the facts clearly. In the modern news environment, stories come and go so fast – and in so many … Continue reading →

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Here Comes The Next Great Depression – Mike Maloney

Posted on February 4, 2014 by DRenegade

httpv://www.youtube.com/watch?v=tJAQGYF7gmI h/t Tom R

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Japanese Stocks In Freefall – TOPIX Plunges Almost 5% To 4-Month Lows

Posted on February 4, 2014 by DRenegade

Despite the hope-driven exuberance exhibited immediately post the Abe/Kuroda show, the USDJPY-pumping stock-momentum fest has ended – abruptly. Japan’s Nikkei 225 has lost all its gains and is now trading below US day-session lows (3-month lows) but it is the … Continue reading →

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Alarms Going Off As 102 Dollar-Yen Support Breached

Posted on February 3, 2014 by DRenegade

Alarms are going off in assorted plunge protecting offices, now that the USDJPY has breached the 102.000 “fundamental” support level, below which the Yen can comfortably soar to sub 100.000 in perfectly even 100 pip increments. The first trading day … Continue reading →

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Market Cornered: JPMorgan Owns Over 60% Notional Of All Gold Derivatives

Posted on February 1, 2014 by DRenegade

Perhaps the only question we have after seeing the attached table, which shows that as of Q3, 2013 JPMorgan owned $65.4 billion, or just over 60% of the total notional ($108.2 billion) of all gold derivatives in the US, is whether … Continue reading →

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Propane

Posted on January 31, 2014 by DRenegade

I came to my second house after being away for a month to find a burst water line and no propane. Surprisingly, the two were unrelated but this is what I learned by calling every propane dealer in the phone … Continue reading →

Posted in Editorial, Financial | 3 Comments

Third Banker, Former Fed Member, “Found Dead” Inside A Week

Posted on January 31, 2014 by DRenegade

If the stock market were already crashing then it would be simple to blame the dismally sad rash of dead bankers in the last week on that – certainly that was reflected in 1929. However, for the third time in … Continue reading →

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Is Something Brewing In The Gold Market?

Posted on January 29, 2014 by DRenegade

by Art Cashin In his weekend note, my friend and fellow market veteran, Jim Brown, over at Option Investor posed the following puzzle: Don’t look now but the physical gold shortage is growing. Everyone knows that JP Morgan is one … Continue reading →

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Eyes Wide Open

Posted on January 29, 2014 by DRenegade

Careful. As the world’s economy can no longer be manipulated and the markets collapse, the only recourse left is war. David DeGerolamo Emerging Market Meltdown Resumes As South Africa hiked rates this morning (whose effect on the Rand was promptly … Continue reading →

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Top 20 Virtual Currencies

Posted on January 29, 2014 by DRenegade

More…

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China’s debt crisis suggests an India-like crash round the corner

Posted on January 29, 2014 by DRenegade

The big story of 2014 is the black cloud of debt hanging over China. Debate rages over how this tale will end. Most analysts believe that the Chinese economy will once again expand by more than 7% this year, despite ballooning private … Continue reading →

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Why Are Banking Executives In London Killing Themselves?

Posted on January 28, 2014 by DRenegade

By Michael Snyder Bankers committing suicide by jumping from the rooftops of their own banks is something that we think of when we think of the Great Depression.  Well, it just happened in London, England.  A vice president at JPMorgan’s … Continue reading →

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Two top American bankers commit suicide in London

Posted on January 28, 2014 by DRenegade

Two top ranking American bankers working in senior positions in London have committed suicide in the space of two days. Gabriel Magee, a 39-year-old JP Morgan bank executive, died early this morning after he jumped 500ft from the top of … Continue reading →

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US BANKS SHAKEN BY BIGGEST WITHDRAWALS SINCE 9/11

Posted on January 28, 2014 by DRenegade

The US Federal Reserve is reporting a major deposit withdrawal from the nation’s bank accounts. The financial system has not seen such a massive fund outflow since 9/11 attacks. The first week of January 2013 has seen $114 billion withdrawn … Continue reading →

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