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| RATIOS & INDEXES |
| Gold / Silver | 61.74 |
| Gold / Oil | 14.22 |
| Dowjones / Gold | 11.21 |
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 | Articles related to Krugman |  |
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 | Mish - Global Economic Analysis |
EU On Collision Course With Germany Over Tariffs; Yet Another Reason for UK to Exit EU  |
| The threat by the EU to impose huge tariffs on solar panels from China has run into staunch opposition. The Financial Times reports Germany warns EU solar tariffs would be ‘grave mistake’
Germany’s vice-chancellor and economy minister put Berlin on a collision course with Brussels by warning that imposing anti-dumping duties on solar panels from China would be a “grave mistake”.
Philipp Rösler’s statement came as Germany’s leading manufacturing industry organisation also called for urgent negTuesday, May 21, 2013 |
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 | Bob Hoye - Institutional Advisors |
| The Greatest Garbage Market in History |
| Australian PMI plunged 7.7 points to 36.7, which is the lowest in 4 years.
"Automakers are giving subprime buyers the most long-term loans in
at least eight years."
"Asset-backed sales linked to auto-debt are surging".
- Bloomberg, May 1
"The Market CDX North American Investment Grade Index, aSaturday, May 18, 2013 |
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| Mish - Global Economic Analysis |
 EU Emissions Trading in Tatters (As It Should Be) |
| The Wall Street Journal reports Emissions trading in Europe in Tatters.
The European Union's flagship program to fight global warming—a regional carbon-emissions trading system—suffered a major blow Tuesday when legislators rejected a proposal aimed at saving the market from collapse.
After the European Parliament's rejection, spooked investors drove the already depressed price of carbon emission permits down by nearly half. Benchmark electricity prices also fell. Europe's Emissions Trading SThursday, May 16, 2013 |
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| Mish - Global Economic Analysis |
| Paul Krugman "Was" Right |
| Before discussing Paul Krugman and how right he was, let's first take a look at the Spiegel Online report EU To Impose Tariffs on Chinese Solar Panels.
Back in 2008, the German solar manufacturing industry was riding the crest of a wave of growth fuelled by generous subsidies and high demand. That year, the darling of the German solar industry, SolarWorld, logged a 31 percent annual increase in revenue for a total of €900 million ($1.18 billion) and expanded its operations by opening North AmeMonday, May 13, 2013 |
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 | Adrian Ash - Bullion Vault |
| Really Real Rates vs. Gold |
| Quantitative easing and zero rates haven't worked. So let's have much more of 'em, eh...?GOLDattracts investment capital when other asset classes fail to deliver.So now equities have clearly regained their appeal after more than a decade of what finance professionals would rather we called "sub-optimal" returns, gold investing has lost its urgency for money managers. Indeed, it's become a neat little "short" to trade against whilst picking the next winner in the S&P's all-time high dash.More telMonday, May 13, 2013 |
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 | David Bardallis |
 The $100,000 trazillion gaquillion plan  |
| WASHINGTON – President Barack Obama called on Congress to quickly pass a new fiscal stimulus package that would provide nearly $100,000 trazillion gaquillion frijillion in an effort to revive the U.S. economy, which some experts believe has entered a recession.Saturday, May 11, 2013 |
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 | James Howard Kunstler |
 The Deep End of the Risk Pool |
| Where on earth did Paul Krugman get the idea -- expressed Monday morning -- that ours is "a weak economy?" The Dow Jones Industrial Average is about to scale previously uncharted heights and the Standard & Poors Index is piling onto its molehill, too. If stocks are up the economy can't be weak since stock markets = the economy. All the efforts of the Gitchi Manitou behind the operations of money, the Federal Reserve, are bent toward inflating the stock markets, including now the novelty of outriMonday, May 06, 2013 |
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 | Jon Matonis - The Monetary Future |
| The Fiat Emperor Has No Clothes |
| By Jon Matonis
Forbes
Thursday, April 18, 2013
http://www.forbes.com/sites/jonmatonis/2013/04/18/the-fiat-emperor-has-no-clothes/
A piece from Paul Krugman in The New York Times
this week criticizes bitcoin for being antisocial and for not having a
State-controlled supply while secretly admiring its powerful
abstractness.
As a complicit minion in the State’s appropriation of the monetary unit, Krugman perpetuates ‘The State Theory of Money’ myth that the sovereign’s power to collect taxeThursday, April 25, 2013 |
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 | Jesse - Le Café Américain |
| Goldman Closes Its Gold Short and Krugman Looks But Does Not See |
| As you may recall, Goldman's call to short gold set off the precipitous decline through long term support as paper gold was sold in size during the quiet trading hours.
And as gold fell through 1400 traders said Goldman was in the market buying physical bullion.
And now their short recommendation comes off.
That Goldman is called a Bank, with access to the Fed window, the subsidy of cheap government funding, and the protection of deposit insurance is a disgrace.
A footnote in history perhaWednesday, April 24, 2013 |
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| Jesse - Le Café Américain |
| Goldman Closes Its Gold Short - Krugman Looks But Does Not See |
| As you may recall, Goldman's call to short gold set off the precipitous decline through long term support as paper gold was sold in size during the quiet trading hours.
And as gold fell through 1400 traders said Goldman was in the market buying physical bullion.
And now their short recommendation comes off.
That Goldman is called a Bank, with access to the Fed window, the subsidy of cheap government funding, and the protection of deposit insurance is a disgrace.
A footnote in history perhaWednesday, April 24, 2013 |
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 | Jan Skoyles - The Real Asset Co |
| The whole world is talking about gold |
| Here we take a look at how, despite calls that the gold bubble is finished, the whole world is still talking about buying gold.
Read any financial paper or website and they’ll tell you that the ‘gold-bubble’ is over. This opinion appears to be based solely on price and not much else.
When you look at short-term price action on its own then perhaps you can understand how they’ve reached this conclusion. Gold, across many countries, is down sinTuesday, April 23, 2013 |
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| Jesse - Le Café Américain |
| Fekete: Who Said the Hydra Would Take It Lying Down |
| "Corruption is a tree, whose branches are
of an immeasurable length: they spread
Everywhere; and the dew that drops from thence
Hath infected some chairs and stools of authority."
Beaumont and Fletcher, The Honest Man's Fortune
By way of introduction, Professor Fekete defines the gold basis as the difference between the price of gold in the nearest futures contract and the price of gold for immediate delivery.
In commodity trading contango is the situation where the difference is positiveTuesday, April 23, 2013 |
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| Mish - Global Economic Analysis |
| Excel Spreadsheets, Krugman, and a Question of Logic |
| In 2010 paper Growth in a Time of Debt and again in a book entitled This Time is Different, Harvard economists Ken Rogoff and Carmen Reinhart presented the idea that when a country's ratio of debt to gross domestic product reaches 90% lower economic growth is on the horizon.
However, Rogoff and Reinhart made an Excel Spreadsheet Error in their work that has the economic world in a tizzy.
A new study by three researchers at the University of Massachusetts finds that Rogoff and Reinhart made seSunday, April 21, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - 'Orchestrated Panic' |
| "Oh what a tangled web we weave,
When first we practise to deceive."
Sir Walter Scott
Intraday commentary here and here.
In particular listen to what Jeff Sachs has to say.
John Brimelow calls the most recent action in the metals markets an 'orchestrated panic.'
And it may not be over. The underlying causes for this, besides the usual opportunity for looting, most likely remain.
As a reminder, next week on the 25th is the precious metals option expiration on the Comex.
I thought it waFriday, April 19, 2013 |
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 | Peter Schiff - Euro Pacific Capital |
| The Stockman Backlash |
| This week, while economists should have been closely considering the implications of the actual bankruptcy of Stockton, California, they instead heaped scorn on the perceived ideological bankruptcy of David Stockman. In other words, Stockman trumped Stockton.Ronald Reagan's former Budget Director contributed "Sundown in America" a multi-page opinion piece to the Sunday New York Times which loudly and eloquently described the illusions of our current economic system. While I don't agree with everFriday, April 05, 2013 |
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 | Doug Casey - Casey Research |
All Banks Are Bankrupt  |
| (Interviewed by Louis James, Editor, International Speculator)
L: Doug, there is considerable disagreement over the significance of the Cyprus crisis. A lot of people are saying that it's just a flash in the pan; Cyprus is a small country, far off, and doesn't really matter. Other people are saying it's very significant.Friday, April 05, 2013 |
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 | Tom DiLorenzo - lewRockwell |
 Krugman and the Soviet Poverty Law Center |
| Recently
by Thomas DiLorenzo: The
Sales Tax Price-Fixing Conspiracy Act of 2013
A couple
of years ago when I appeared as one of Ron Paul's witnesses (the
first one, actually) during his House of Representatives hearingMonday, April 01, 2013 |
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 | Charleston Voice |
| UPDATED: Club Of Rome and The ... |
| Burning down our theater so they can yell "FIRE! FIRE!" panicking the world, so they can be trusted to take total control of our lives...
BREAKING!! Australian Politician Ann Bressington Exposes Agenda 21 and New World Order! [if gte mso 9]> Normal 0 Sunday, March 31, 2013 |
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| Jesse - Le Café Américain |
| Matières à Réflexion |
| "In the century in which we live, the Democratic Party has received the support of the electorate only when the party, with absolute clarity, has been the champion of progressive and liberal policies and principles of government. The party has failed consistently when through political trading and chicanery it has fallen into the control of those interests, personal and financial, which think in terms of dollars instead of in terms of human values."
Franklin D. Roosevelt, 18 July 1940
Links FSaturday, March 30, 2013 |
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| Mish - Global Economic Analysis |
| Rational Reason to Panic; Hot Money Blues; Right for the Wrong Reasons |
| The first rule of panic is simple: "Panic before everyone else does." With that rule in mind, the pertinent question at hand is also simple: "Should I panic now?"
For those in Europe, I offer an emphatic "Yes!" One is foolish at best to keep more than 100,000 euros in any European bank, especially any Southern European banks.
There is a clear and obvious "Rational Reason to Panic".
By "panic" I mean get your money out now, while you can, before everyone else does.
I am not the only one who tFriday, March 29, 2013 |
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