Category Archives: Financial

Apple shares fall further; down 7.7 percent in extended trade

Posted on January 23, 2013 by DRenegade

UPDATE 1: Apple down 8.59% (5:40 PM EST) UPDATE 2: Apple down 10.12% (5:45 PM EST)   Apple Inc missed revenue expectations for the third straight quarter after sales of its flagship iPhone came in below Wall Street’s targets, driving its shares … Continue reading →

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Italy’s Top Bank Lobbyist Resigns After Derivatives Disclosures

Posted on January 22, 2013 by DRenegade

Former Banca Monte dei Paschi di Siena SpA Chairman Giuseppe Mussari quit as Italy’s top banking lobbyist as scrutiny of the lender’s use of derivatives deepens. The resignation is effective immediately, he said in a letter posted to the Italian Banking Association today. He leaves … Continue reading →

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Who Is Smarter: People Who Voted for Obama or People Who Are Still in the Stock Market?

Posted on January 22, 2013 by DRenegade

The stock market has reached a five year high. Congratulations: it took five years to regain your investment levels from five years ago (not considering inflation). In this same period of time, the price of gold has more than doubled … Continue reading →

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Unlimited Spending

Posted on January 21, 2013 by DRenegade

Nothing changes. The debt ceiling will be raised, the Republican Party will come out as the villain, Obama will continue to enslave our children and people sit back to watch football. A line in the sand? A line in stone? … Continue reading →

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Lining Up – for Gold

Posted on January 21, 2013 by DRenegade

What are the important facts concerning gold? 1. Countries are buying physical gold to secure their nation’s economic stability. 2. Gold is becoming a substitute for purchasing oil. The age of the petrodollar is ending and the consequences to the … Continue reading →

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Fukushima Black Swan

Posted on January 19, 2013 by DRenegade

Why would a radioactive fish make news on a financial website (article below)? The Marusoi fish that was caught on January 18th showed a 10 fold increase in radioactive levels as the previous record from last August. The reactor core(s) … Continue reading →

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Open Letter to the President Barack Obama – T.L. Davis

Posted on January 18, 2013 by DRenegade

Mr. President Today, there are families who question the direction of the nation. There are fathers and mothers trying to figure out how to pay the bills, to put children through college, to just get by everyday when wages have … Continue reading →

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Simon Black: Does this look like a picture of recovery?

Posted on January 18, 2013 by DRenegade

Now, I’m an optimistic guy… and there are plenty of good news stories around the world. But just looking at the numbers, it’s clear that there is a major disconnect between sentiment and reality. On one hand, western governments and … Continue reading →

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US Mint Out Of Silver Coins – Suspends Sales

Posted on January 17, 2013 by DRenegade

As we noted earlier this month, the demand for both gold and silver ‘physical’ coins has been record-breaking as 2013 began. So much so, that now after selling over 6 million silver coins in 2013 so far, the US Mint has run out of silver … Continue reading →

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The Frightening Truth Behind Bank Of America’s “Earnings”

Posted on January 17, 2013 by DRenegade

Over a year ago we noted that when it comes to Bank of America “earnings”, items which traditionally are classified as non-recurring, one-time: primarily litigation and mortgage related charges, have now become recurring, and all the time, courtesy of the worst M&A transaction of … Continue reading →

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Chart Of The Day: Housing Starts Adjusted vs Unadjusted

Posted on January 17, 2013 by DRenegade

No commentary necessary. And focusing only on the November to December “comparable” Seasonal adjustments, here is the move from November to December in 2010, 2011 and 2012. Spot the outlier: Source: Housing Starts NSA; Housing Starts SA, December New Residential Construction   Original … Continue reading →

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Let the Currency Wars Begin

Posted on January 16, 2013 by DRenegade

Fiscal Cliff. Debt Ceiling. Inflation. Pharmaceutical Shortages. Gun Control. Foreign Wars. Domestic Enemies. Economic Collapse. Which will be the catalyst that we shape our future? Economic warfare through currency manipulation may be the “Black Swan” event but the end result … Continue reading →

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The EU is rotting from the inside – Daniel Hannan

Posted on January 15, 2013 by DRenegade

httpv://www.youtube.com/watch?v=Z-f2Qf2NT2o I don’t have to point out the analogy between the EU’s situation and Washington’s policies. We are at a crossroads and most of America is not prepared. I believe that Glenn Beck is wrong: these are the time that … Continue reading →

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Illinois conservatives call for massive pension reform in wake of Democratic failure

Posted on January 15, 2013 by DRenegade

Another example of Democrat greed and ignorance coming out of Illinois. The Illinois’ public pension system is almost $100 billion in debt. Union/state pensions are killing the economy and stealing from people who work in the private (real) sector. As … Continue reading →

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Fitch Issues Another Rating Warning For AmericAAA

Posted on January 15, 2013 by DRenegade

With precisely one month left until the early bound of the debt ceiling crunch and a possible US government shut down and/or technical default, and with M.A.D. warnings from the president and treasury secretary doing nothing to precipitate a sense … Continue reading →

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