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| RATIOS & INDEXES |
| Gold / Silver | 61.90 |
| Gold / Oil | 14.51 |
| Dowjones / Gold | 10.98 |
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 | Articles related to Subprime |  |
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 | Przemyslaw Radomski CFA - SunshineProfits |
| Gold Corrected on Weeks of Misconception |
| Yesterday was a particularly volatile and interesting day on the precious metals market. The sector moved slightly higher, then it soared, stayed high for several minutes and crashed. Stocks did more or less the same and the USD Index did the opposite. The likely reason? Comments from Ben Bernanke who said the Fed could decide to scale back the pace of bond purchases at one of the "next few meetings" if the economic recovery looked set to maintain forward momentum.So, what happened was markets dThursday, May 23, 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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| Przemyslaw Radomski CFA - SunshineProfits |
| Gold Stocks Are Leading Gold Lower |
| T.S. Eliot called April "the cruelest month" in his famous poem, and without a doubt April was cruel to many gold investors. Sunshine Profits subscribers who followed our suggestions in April avoided a share of the pain. Probably no one suffered more than hedge fund manager John Paulson. He is joined byhedge fund manager David Einhorn whose Greenlight fund took a big hit on its gold miners ETFholdings. Einhorn said recently what we would consider an understatement: "We were somewhat surprisFriday, May 10, 2013 |
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 | Jim Willie CB - Hat Trick Letter |
Financial Treachery & Harsh Consequences  |
| The most powerful element of the shift has been the movement of gold wealth from Western locations (New York, London, Switzerland) to Eastern locations (China, Russia, Singapore, Taiwan, Hong Kong). Most residents of the United States, the United Kingdom, and Western Europe are in shock, constantly distracted by the sweeping disruptive events led by a) unstoppable government deficits, b) the powerful crumble of sovereign bonds, c) the ruinous insolvency of the banking systems, d) the relentless reign of tax terror, and e) the tragic decline of the underlying economiesWednesday, May 01, 2013 |
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 | Steve Keen - Debt Deflation |
| Instability May Not Be Optional (2) |
| As I noted in my previous post, neoclassical economics made it an item of faith that capitalism was inherently stable, and dismissed arguments to the contrary as no more than left-wing propaganda. My favourite statement of this perspective came from the pen of Nobel Prize winner Ed Prescott, who was one of the key players in introducing the concept of “rational expectations” into economics. Not only was capitalism inherently stable, he claimed in 1999, but it was so stable that we can reliably eTuesday, April 30, 2013 |
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 | Richard Mills - Ahead of the Herd |
| Chains of Fiscal Discipline |
| Alan Greenspan was chairman of the Federal Reserve from 1987 to early 2006. Greenspan used monetary policy to ignite one of the longest economic booms in history. Of course booms can soon turn to bust and nowhere was the boom more evident than in the housing industry - the sub-prime crisis collapsed tSaturday, April 27, 2013 |
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 | Fabrice Drouin Ristori - GoldBroker.com |
| Gold and Silver : Post-Crash Analysis |
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There is strictly nothing happening now on the gold and silver markets that would be related to fundamentals. This crash, just like the other ones, is orchestrated, and it doesn’t reflect the extremely tense situation on the physical gold and silver markets.
Here is how some of the significant elements are to be taken into account. I have put them in three different categories :
1) The Global ContextThursday, April 18, 2013 |
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 | Mark O'Byrne - gold.ie |
| Global Deposit Confiscation Called For By Influential CEO Of Italy's Largest Bank |
| The CEO of Unicredit Federico Ghizzoni said yesterday that it is “acceptable to confiscate savings to save banks.” He said that the savings which are not guaranteed by any protection or insurance could be used in the future to contribute to the rescue of banks who fail and that uninsured deposits could be used in future bank failures provided global policy makers agree on a common approach.Saturday, April 06, 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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 | Peter Schiff - Euro Pacific Capital |
| Flying High on Borrowed Wings |
| After selling off an astounding 56% between October of 2007 and March 2009, the S&P 500 has staged a rally for the ages, surging 120% and recovering all of its lost ground too. This stunning turnaround certainly qualifies as one of the more memorable, and unusual, stock market rallies in history. The problem is that the rally has been underwritten by the Federal Reserve's unconventional monetary policies But for some reason, this belief has not weakened the celebration.Although the Fed has beenTuesday, April 02, 2013 |
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 | Louis James - Casey Research |
| Cypriot Banking Crisis – A Turning Point for Your Portfolio? |
| Is This "IT?"
We've been saying for some time that the global house of cards could topple at the slightest rustling of the wings any of a number circling black swans. Something like the ECB turning draconian with Cyprus and scaring the heck out of everyone else in the EU seems more like a swan dive right into the heart of the teetering structure.
Many mainstream commentators are dismissing the significance of the Cyprus debacle – but the same type of people also dismissed the threat of the subprime crisis until it could no longer be denied.Tuesday, March 26, 2013 |
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| Ben Traynor - Bullion Vault |
| Savers Beware! Confessions from the Leading Edge of the Crisis |
| Long, long ago, in a booming bank far from Cyprus..."WE'RE TOP of the Best Buy table again," my manager said, "so we're expecting A LOT of business."And so it proved. The bank I worked for at time saw millions pour through the door in deposits.Our latest fixed-rate bond had just launched (we put out a new one every month or so). This was a fairly standard savings account that locked depositors in for a fixed period (from memory I recall the options were one year, two years or five years). ToppinWednesday, March 20, 2013 |
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 | Axel Merk - Merk Fund |
| Buy or Sell the Euro? Chaos Investing Unplugged |
| When we called the euro the potential ?rock star of 2013?, we knew it might be a rocky ride. Are we underestimating the incompetence of policy makers? The Europe that is shaping up is much like the old Europe, with implications for the dollar, the euro, and investors? portfolios. Last August we praised the process European Central Bank (ECB) President Draghi imposed on the Eurozone (read ?Draghi?s Genius?). In return for ceding sovereign control over budgets to Eurozone partners, i.e. for politiTuesday, March 19, 2013 |
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 | Philippe Herlin - GoldBroker |
| Dow Jones Hits Record Highs, Thanks to... the Fed! |
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By Philippe Herlin - Researcher in finance / Contributor to Goldbroker.com
When the Dow Jones hit 14,000 pts, it reached its historic record of October 2007. A remarkable comeback after its low of 6,500 pts of March 9, 2009. So, then, the crisis is over?
But, in October 2007, it was already there! It was starting to burst. The subprime bubble had artificially inflated growth, and the first cracks werFriday, March 15, 2013 |
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 | Tim Iacono - Iacono Research |
| Awaiting Our Archduke Ferdinand Moment? |
| It’s not clear what this article by Bill Frezza is doing at the Huffington Post, next to a right sidebar that beckons readers to see what porn stars look like without their makeup and to learn how Halle Berry’s cleavage was a distraction to Jay Leno, but it’s hard to disagree with this assessment of where things are headed.
Not surprisingly, Bill’s background is as an engineer, not an economist or lawyer, and, as such, he sees our collective future a bit differently than policy makers as detaileFriday, March 15, 2013 |
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| Tim Iacono - Iacono Research |
 The Power of Governments to Support Financial Markets |
| The views expressed by Izabella Kaminska in this FT Alphaville commentary go a long way in explaining why asset markets (with the notable exception of safe havens) seem to be unstoppable these days.
Consider, for example, the views professed by Duquesne Capital Founder, Stanley Druckenmiller, in a recent Bloomberg interview. Not only did he outline that equity was anything but cheap, he claimed the current course of equity markets was heading towards another equity bubble — so anything but a saMonday, March 11, 2013 |
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| Jim Willie CB - Hat Trick Letter |
 Raging Gold Bull & Disputed Propaganda |
| The propaganda has turned openly laughable. On the popular major financial news networks, the recent decline in the so-called Gold price has prompted quite the parade of clowns on the ship of fools to trumpet nonsense. The widely published and posted Gold price is dominated by futures contracts, and thus as corrupted as meaningless. The entire global financial structure is crumbling before our eyes. The gang of central bankers has applied their monetary policy for four and a half years since theThursday, March 07, 2013 |
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 | Ranting Andy - Andy Hoffman |
| Delusions of a Fed Chairman |
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While giving his semi-annual “Humphrey-Hawkins” economic testimony to the Senate on February 26th, “Helicopter Ben” Bernanke made the most OUTRAGEOUS statement of his seven-year FAILED experiment as Federal Reserve Chairman.
It’s awe-inspiring to see the three key “tools” of his administration; MONEY PRINTING, MARKET MANIPULATION, and PROPAGANDA – summarized in a single headline. However, what reallyWednesday, March 06, 2013 |
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 | Goldmoney |
| Gold prices: it’s all relative |
| Given the almost exclusive media emphasis on the gold price in US dollars, it’s easy to forget the sometimes-wide divergence in performance of other national currencies versus gold. The Japanese yen and British pound are providing a good example of this at the moment; gold is up around 5% since late December in sterling terms, and has posted gains of roughly 15% over the same period against the yen. In comparison, gold has gained less than 1.5% against the US dollar in that time-frame.
A risiFriday, February 08, 2013 |
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| Tim Iacono - Iacono Research |
| One-Third of Student Loans Are Subprime Loans |
| Simply deleting this item from the Drafts folder about a Wall Street Journal story last week that, along with a lot of other anecdotal and statistical data in recent months, suggests a looming disaster for student loans in this great nation … well, that just didn’t seem like a wise thing to do.
The number of student loans held by subprime borrowers is growing, and more of those loans are souring, the latest signs that a weak job market and rising debt loads are squeezing recent graduates.
In alMonday, February 04, 2013 |
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