Category Archives: Financial

China Imports Record Amount Of Gold In December On Price Drop

Posted on February 5, 2013 by DRenegade

Back in December, as always happens every year for the past 3, a margin call driven liquidation wave pushed the price of the gold to multi-month lows, providing merely yet another lowball buying opportunity (for which let’s all thank John … Continue reading →

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CONSUMER FINANCIAL PROTECTION BUREAU SETS SIGHTS ON RETIREMENT ACCOUNTS- MANDATORY TREASURY ALLOCATIONS IMMINENT?

Posted on February 2, 2013 by DRenegade

Bloomberg has reported that the US Consumer Financial Protection Bureau is considering taking a role in managing the $19.4 Trillion in American’s retirement accounts. Yes, you read that correctly, the government agency created in 2010 as part of Dodd-Frank is … Continue reading →

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Stocks Over 14,000 – Too Good to Be True?

Posted on February 2, 2013 by DRenegade

The Dow Jones industrial average has crossed 14,000 and the US mainstream media is celebrating. Presumably the powers-that-be expect that short memories shall convince US consumers that the nation is back on track. It’s part of a larger dominant social theme, I guess, … Continue reading →

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Bank of America site down because of ‘technical issues’

Posted on February 1, 2013 by DRenegade

Bank of America’s consumer Web site has been hit with a long outage because of what the company called “technical issues.” The bank confirmed the problems through its Twitter account, telling consumers that it knew about the issues and was “working to … Continue reading →

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Dutch SNS Bank Fails On Real Estate Losses: First “Too Big To Fail” Nationalization In Five Years

Posted on February 1, 2013 by DRenegade

Earlier today we got one hint that not all is well in the European banking system, as far less than the expected €200 billion was tendered back to the ECB in the second LTRO repayment operation, when just 27 banks … Continue reading →

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Consumers are hunkering down in expectation of something very bad

Posted on January 31, 2013 by DRenegade

Savings Rate Soars To Highest Since May 2009 On December Surge In Comp And Dividends Ahead Of Fiscal Cliff One look at the headline December data and one would get the impression that millions of Americans had started dealing meth … Continue reading →

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Here’s to you Mr. Jefferson

Posted on January 30, 2013 by DRenegade

 A Great Find by Charlie and Posted by Brock

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Rick Santelli to Bernanke: Whatever you’re doing; It isn’t working!

Posted on January 30, 2013 by DRenegade

h/t Zerohedge

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GDP Shows Surprise Drop for U.S. in Fourth Quarter

Posted on January 30, 2013 by DRenegade

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. The economy shrank from October through December for the first time since … Continue reading →

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What’s in Your Chamber?

Posted on January 30, 2013 by DRenegade

As the stock market seems to be an ever rising juggernaut, so is the US dollar. Since a low in August, it also is rising everyday. At present, it is 1.355 against the Euro. As our dollar is devalued against … Continue reading →

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BANK RUN IN PROGRESS? MASSIVE $114B WITHDRAWN FROM 25 LARGEST US BANKS FIRST WEEK OF JANUARY!

Posted on January 29, 2013 by DRenegade

SD contributor AGXIIK warned readers months ago about the FDIC’s expanded deposit insurance which was set to expire Dec 31st, predicting that the expiring expanded deposit insurance enacted in the wake of the 2008 financial panic could trigger a bank run.  … Continue reading →

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Case-Shiller Home Price Index Posts Second Consecutive Monthly Decline, Average Home Prices Back To Fall 2003 Levels

Posted on January 29, 2013 by DRenegade

The Case-Shiller Home Price Index is unique among other economic data indicators for recommending that analysts focus solely on its Non-seasonal adjusted data series, as this is what the report uses in its own headline figures. It adds that “for … Continue reading →

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Peter Schiff on Politics, Precious Metals and President Obama’s Second Term

Posted on January 27, 2013 by DRenegade

Daily Bell: What do you think of President Obama’s reelection? Peter Schiff: I think it’s a shame but sometimes you elect the government you deserve. To say that we deserve Obama is quite a statement because it’s pretty bad to say that we … Continue reading →

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Apple’s Flash Dump In The Last Second Of Trading Caught On Tape

Posted on January 25, 2013 by DRenegade

Sure, the retail “investors” are coming back into the “markets”… They are coming back in shifts.  And just so they know what to expect, here is what happened to Apple stock in the last second of regular trading today, courtesy of Nanex. … Continue reading →

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It Would Make My Government Proud

Posted on January 25, 2013 by DRenegade

See additional comments on Tea Party Nation It would make my government proud. Sheila Bair Sheila Colleen Bair was the 19th Chairperson of the U.S. Federal Deposit Insurance Corporation (FDIC). The following article written by Ms. Bair gives us no hope for the … Continue reading →

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