Category Archives: Financial

Bloodbath

Finally, the market realizes that it was the patsy all along. This is what a real cliff looks like: More…

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The socialization on the Continent has infected the American shores – Mark J. Grant

The equity markets have not panicked yet but I fear that is coming. There is a double edged sword here and both equally able to cut you. The first is that we go over the cliff and nothing happens and stalemate … Continue reading

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The Real Crisis: “People Have Lost Trust In The Government And The Market”

As AP discusses in this excellent article, ordinary Americans – defying decades of investment history – are selling stocks for a fifth year in a row. It’s the first time ordinary folks have sold during a sustained bull market since relevant records … Continue reading

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U.S. Budget Bargain Shrinks as Congress Nears Deadline

The deal that seems possible to fix the U.S. budget is getting smaller and smaller. Five days before a deadline that would trigger more than $600 billion in tax increases and spending cuts that could cause a U.S. recession, Congress … Continue reading

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JIM WILLIE: THE GOLD WAR

Several immutable Gold Rules appear to be self-evident and powerfully manifested in the modern world of banker corruption, financial market intervention, currency debasement, phony accounting, and economic deterioration, all amidst powerful incessant media propaganda, against a backdrop of endless war. … Continue reading

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Volume Off; Hedges On

Equity futures closed at their lows (after cash ended nearer its highs) amid deathly quiet volume with VIX at 6 week highs and HYG underperforming. Much was made Friday about the compression in VIX from its early spike highs – with … Continue reading

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The chart that shows why JPMorgan calls the fiscal cliff ‘nothing but theatrics’

Economist Michael Feroli of JPMorgan makes a great point in a new report about the fiscal cliff. Almost whatever the outcome, he points out, it will do little to nothing to change the nation’s lethal long-term budget trajectory. Focusing, as … Continue reading

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Iraq Quadruples Gold Reserves In Two Months

Gold was down $20.60 or 1.23% in New York yesterday and closed at $1,648.70/oz. Silver dropped to as low as $29.592 and finished with a sharp loss of 3.66%. Gold is marginally lower in dollars today and on course for … Continue reading

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Speaker offered a prayer before announcing the defeat of ‘Plan B

Moments before announcing defeat to his GOP colleagues, Speaker John Boehner (R-Ohio) recited the Serenity Prayer often heard at Alcoholics Anonymous meetings. “Lord, grant me the serenity to accept the things I cannot change, the courage to change the things … Continue reading

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Futures Flash Crash As ES Plummets To Limit Down

No, really, there is a big, huge, massive rotation out of those dangerous, inflationary bonds into safe, predictable equities… More @ Zerohedge… Related Articles: Stocks set to fall as fiscal cliff looms U.S. stock futures fall sharply on fiscal worries US Stock Futures, … Continue reading

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US BANK RUN IMMINENT AS FDIC EXPANDED DEPOSIT INSURANCE ENDS DEC 31ST

With the media fixated on the fiscal cliff, no one seems to be noticing the fact that the FDIC’s expanded 100% coverage for insured deposits ends January 1st, 2013. As of January 2013 the FDIC stops offering 100% coverage for all … Continue reading

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GOLD TO $1650, SILVER REACHES $29 HANDLE AS WEEK-LONG POST QE4 RAID CONTINUES

It’s that time of the morning again for the COMEX open waterfall smash of gold and silver, a daily occurrence in the now week-long post QE4 massive cartel intervention in the gold and silver markets.   Gold has been smashed … Continue reading

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Global Economic Slowdown Signals Sad New Year

The markets, as most people reading this should now well know, no longer reflect in any way the true economic health of our country.  If one was to measure the financial “recovery” of this nation by the strength of global … Continue reading

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The Most Critical 48 Hours In The Fiscal Cliff Melodrama Have Begun

There is now about 48 hours until the rubber hits the road. What happens in the next 2 days: in a somewhat surprising development earlier, the Republicans today managed to turn the tables on the president, and as reported this … Continue reading

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“As Part Of Our Ongoing Effort To Protect Bank Of America, Zero Hedge Is Blocked”

We couldn’t have said it better: “Bank of America blocks users from accessing websites that present certain risks to the bank.” More…

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