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In the last 4 hours
John Browne - Euro Pacific Capital
Despite Growing Risks it's Still Janet Yellen's Market
The current stock market is earning a deserved reputation as being coated in Teflon. Bad or disappointing news just doesn't appear to stick, and has done nothing to slow the market's upward trajectory. Bad news is good and good news is good news. But where does this all end? A minority of investors have begun to wonder whether negative geo-political risks, embodied in the steely-eyed stare of Vladimir Putin, are exerting more influence on the market than the sunny smiles of Janet Yellen. Just go
Wednesday, September 03, 2014
Captain Hook - Treasure Chest
The Fox is in Charge of the Hen House
A subscriber asked yesterday about the anticipated low we envision, with the possibility of one more washout before the secular bull market resumes. My answer was with the open interest put / call ratio on SLV falling (big) to .31 (a new low) as of Monday’s trade, post the August expiry, chances have of a significant decline have increased considerably, with a vexing of long-term support at approximately $17 quite possible now, if not probable in a liquidity event. Unfortunately, it looks like s
Tuesday, September 02, 2014
In the last 24 hours
Ron Paul
Obama Has No Middle East Strategy? Good! 
Last week President Obama admitted that his administration has not worked out a strategy on how to deal with the emergence of the Islamic State in Iraq and Syria (ISIS) as a dominant force in the Middle East. However, as ISIS continues its march through Syria and Iraq, many in the US administration believe it is, in the words of Defense Secretary Chuck Hagel, a threat "beyond anything we have ever seen." Predictably, the neocons attacked the president's speech. They believe the solut
Tuesday, September 02, 2014
Nathan Lewis - New World Economics
Economic Abundance with a Shrinking Population: Why Not? 
Perhaps one of the silliest myths around today, in my opinion, is the notion that a shrinking overall population naturally causes or leads to economic decline. This is gradually becoming more immediately relevant, as the fertility rate is below replacement on every continent except for Africa today. It’s true that a larger population will have a higher total GDP, simply because you are counting more people. However, you can have a large population with a
Tuesday, September 02, 2014
Michael Pento - Delta Global Advisors
The Fed's Ice Bucket Challenge
Unless you have been living under a rock for the past month, you have more than likely heard of the ALS Ice bucket challenge. But, just in case you have been living under that rock--the challenge dares nominated participants to be filmed having a bucket of ice water poured on their heads and challenging others to do the same. The stipulation is that the nominated people have 24 hours to comply, or forfeit by way of a charitable donation to ALS. It is an ingenious marketing campaign t
Tuesday, September 02, 2014
More than 24 hours ago
James Howard Kunstler
  Busybody Nation 
I f anyone above a kindergarten pay-grade has figured out America’s vital interest in the Ukraine, it has not been reported — or even leaked from the foundering vessel that is the US State Department. In fact, when you consider the results, it’s hard to understand the rationale behind any recent US foreign policy endeavor. Mr. Putin of Russia summed it up last week, saying, “Anything the US touches turns to Libya or Iraq.” Vlad has a point there, and what he left off the list, of course, was Ukr
Monday, September 01, 2014
Wolf Richter
Argentine Peso Collapses on Top of Rogue Regime
Adeptly managed by the central bank and the government, the Argentine peso has been plunging in perfect form, an activity it is very, very good at. And so on Thursday, it plunged 4.1% on the black market, hitting 14 ARS/USD for the first time. With the official rate at 8.39 ARS/USD, the gap between the two soared to a record of 5.61 pesos. A sign that any remaining trace-amounts of confidence in the peso were evaporating. It was the steepest plunge since January 24, when the central bank devalue
Monday, September 01, 2014
Jesse - Le Cafe Américain
Some Wisdom About Leadership From the Depths of the Depression
"Management is doing things right; leadership is doing the right things." Peter Drucker In other words, management is about the process of organization. A manager may be a great organizer, but a terrible leader. Management is an essential skill. But it lacks traction in times of great change.  Management will almost always choose what is expedient, but a leader will do what is both practical from within a set of choices that are right.   Superior management skills in the hands of the effici
Sunday, August 31, 2014
Jesse - Le Cafe Américain
- It Seems Like It's Raining All Over the World
"He was hated and rejected, a man of sorrows, acquainted with our deepest grief. We turned our backs on him and looked the other way. He was despised, and we did not care." Isaiah 53:3 "Put me as a seal upon your heart, and as a sign upon your arm. For love is stronger than death, but hate is bitter as hell, the lights of which are formed of fire and flames." Song of Solomon 8:6 "Learn a love that is tender, wise, and strong.  Love with tenderness, not
Sunday, August 31, 2014
Alasdair Macleod - Finance and Eco.
The wages-fuel-demand fallacy
In recent months talking heads, disappointed with the lack of economic recovery, have turned their attention to wages. If only wages could grow, they say, there would be more demand for goods and services: without wage growth, economies will continue to stagnate. It amounts to a non-specific call to stimulate aggregate demand by continuing with or even accelerating the expansion of money supply. The thinking is the same as that behind Bernanke's monetary distribution by helicopter. Unfortunately
Saturday, August 30, 2014
Mike Whitney - Counterpunch
Obama's "Catastrophic Defeat" in Ukraine

Friday, August 29, 2014
Alex Daley - Casey Reseach
Tech Bubble 2.0? Not According to the Stock Market
No, we are not in a tech bubble. Simple as that. This is not to say there aren’t some things for investors to take heed of. But as the definition of bubble goes, all the telltale signs are missing. As investors, our job is to predict the future. Seriously. Each time we make a bet on a particular investment, we’re essentially postulating a thesis about how the future will unfold in that specific instance. Since we also intensively study our markets, we often cannot help ourselves when it
Friday, August 29, 2014
Bob Hoye - Institutional Advisors
Springboard Buy
The following is part of Pivotal Events that was published for our subscribers July 21, 2014. Signs Of The Times "Housing Market On Course For 'Soft Landing'" - Financial Post (Toronto), August 14 "London home values fell 5.9 percent from the previous month to an average 552,783 pounds, the biggest drop since December 2007." - Bloomberg, August 18 "Pimco Scoops Up Quality Junk Cast Off In High-Yield Fund Exodus" - Bloomberg. August 19 "U.S. Funds Flock to Canada's Ener
Friday, August 29, 2014
Philippe Herlin - GoldBroker
Stock Markets in their Third Bubble Since 2000
The S&P 500 just passed the 2,000-point psychological threshold, an absolute record for that index, created in 1950 and comprising the 500 largest companies traded on the U.S. stock market, thus being more representative than the famous Dow Jones Industrial Index, with its 30 companies. This new record would seem to show that the U.S. recovery is under way... but let’s step back a little in order to evaluate these numbers. As can be seen on this 1950-end of 2013 graph (reaching 1,600 points), t
Thursday, August 28, 2014
John Rubino - Dollar Collapse
  A World Without Fractional Reserve Banks and Central Planning 
Excerpted From The Money Bubble: What To Do Before It Pops by James Turk and John Rubino In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today's evils. Whenever fractional reserves are permitted, the banking system - including the one that exists today throughout the world - comes to resemble a classic Ponzi scheme which can only function as long as most people don't try to get at their money. A Better System Now
Thursday, August 28, 2014
Peter McKenzie-Brown - Language Instinct
Maya Devi Hospital
Maya Devi Hospital, in rural India High Impact in Rural India By Anil Jain Five years ago, the Rotary Club of Calgary Centennial offered to help fund the construction of a hospital for women and children in India, agreed to put $10,000 into the project, and asked RC Calgary to do the same. This was an audacious proposal in many senses: even in India, could such sums build a hospital? A Calgary-based charity named CHILD Foundation took up the challenge, and the results have been remarkabl
Wednesday, August 27, 2014
Steve Saville - Speculative Investor
  The "Escape Velocity" Myth
Making sense by replacing "despite" with "because of"In February of 2009 we wrote that if the story unfolded as we expected then a lot of future economic commentary would begin with the word "despite", but that in most cases the commentary would be a lot closer to the truth if "despite" were replaced with "because of". Our 2009 assessment remains applicable in that most commentators still don't get it and still say "despite" when they should be saying "because of". For example:1) Here's the way
Wednesday, August 27, 2014
Louis James - Casey Research
Must-Read Book of 2014
, We’re going to take a break this week from our usual fare of industry insight for metals and mining investors, pulling back for a look at the big picture. The biggest picture, in fact: the current human condition, within the context of all of history—and even prehistory. This is the subject of our friend and fellow contrarian investor Bill Bonner’s new book, Hormegeddon. The cryptic title, I must admit, is my second greatest disagreement with what I think is clearly one of the
Tuesday, August 26, 2014
John Rubino - Dollar Collapse
Yeah, This Will Work Out Just Fine 
The Islamic State (ISIS) has set a modern-day "emergent threat" record by going from obscurity to existential global menace in what seems like a matter of weeks. But as with most overnight sensations, there was a longer gestation period outside of the limelight. And like most military threats of the past few decades it was nurtured by, you guessed it, us. The US of course has a history of arming erstwhile allies only to have them become enemies in later conflicts. So when w
Tuesday, August 26, 2014 -
The Kardashians and Climate Change: Interview with Judith Curry
Climate change continues to drive energy policy, despite the fact that there is no way to reconcile eradicating energy poverty in much of the world with reducing carbon dioxide emissions. This is one of the many conundrums of the climate change debate--a debate that has been taken over by social media and propaganda, while scientists struggle to get back into the game and engage the public. Judith Curry is an American climatologist and former chair of the School of Earth and Atmosphe
Tuesday, August 26, 2014
Ron Paul
Ferguson: The War Comes Home 
America's attention recently turned away from the violence in Iraq and Gaza toward the violence in Ferguson, Missouri, following the shooting of Michael Brown. While all the facts surrounding the shooing have yet to come to light, the shock of seeing police using tear gas (a substance banned in warfare), and other military-style weapons against American citizens including journalists exercising their First Amendment rights, has started a much-needed debate on police militarization. T
Tuesday, August 26, 2014
James Howard Kunstler
  Chill Winds 
T he new year officially starts in January, but for me, and perhaps many of you, the internal calendar re-sets at the end of the summer, where the programming of the school year lingers on. As the torpor of August sweeps away, one senses that heavier action lies ahead. Footsteps quicken in the crisping air, the days get shorter, and a new urgency propels events. Consider, for instance, all the damage and destruction that ISIS (or ISIL or IS) has been able to pull off in summer heat that averages
Tuesday, August 26, 2014
Michael Pento - Delta Global Advisors
  Why Global Bond Yields Are Tumbling 
Market pundits appear to be mostly dumbfounded as global bond yields continue to set record lows. For some examples; the 10 year German bund fell below 1%., the Italian 10 year note has dropped below 2.60%, Spanish bonds fell to 2.40 % and Japan is offering a shocking one half of one percent to borrow funds for ten years. Even Greece, whose bonds were on ECB life support just two years ago, has a 10 year note yielding below 6%. Worldwide bond yields are at all-time lows, leaving mark
Monday, August 25, 2014
Alasdair Macleod - Finance and Eco.
SCO and Mackinder’s prophecy 
There will be a defining geopolitical event next month when India, Pakistan, Iran and Mongolia become full members of the Shanghai Cooperation Organisation (SCO). This will increase the population of SCO members to an estimated 3.05 billion. We should care about this because it is the intention of the SCO to do away with the US dollar for trade settlement. The nations joining in September are currently designated as Observer States and the only one left will be Afghanistan, which will presumably
Monday, August 25, 2014
Ty Andros - traderview
  Useful Idiots and The Something For Nothing Society - Part IV of V 
In this next chapter of Useful Idiots and the Something for Nothing Society, we will put the final nails into a century's UNFOLDING MADNESS. A country of free men has been transformed into an authoritarian state on its road to totalitarianism as the final denouement unfolds under their policies. The final connecting dots of from whence we came, where we are today, and the inevitable destination of societal and economic collapse of empire as has been seen throughout histor
Monday, August 25, 2014
Philippe Herlin - GoldBroker
A Ferrari Sold for $38,000,000… What?
In Pebble Beach, California, during The Quails “Concours d’Élégance”, a 1962 Ferrari 250 GTO was sold at auction by Bonhams for $38 million, which constitutes an all-time record for a collector’s automobile. The price paid is 100 times that of the most expensive new Ferrari in their catalogue (F 12 berlinetta) and 30 times that of their latest special series car (F 150, limited to 499 units). What to think of this exorbitant amount? This is reminiscent of the art market in general, which is als
Sunday, August 24, 2014
Jesse - Le Cafe Américain
A Warning From 1995 About the Repeal of Glass-Steagall
Here is a reprint of a warning that was published in the NY Times in 1995 about Robert Rubin's and Alan Greenspan's misguided attempts to overturn Glass-Steagall. Any reasonably informed student of economic history ought to have understood this argument. There was a well-funded, decade long campaign led by the Banks to overturn Glass-Steagall.  A lot of propaganda was written, and lot of political connections were made, and a lot of money was spent. Too many
Saturday, August 23, 2014
Bob Hoye - Institutional Advisors
Springboard Buy
Signs Of The Times "Sources said broker's margin calls were met, but the event unnerved the Structured Finance Market (STACR)." - Reuters Hedgeworld, July 27. "Eight Companies About To Issue IPOs That Will Turn The Last Quarter Of 2014 On Its Head" - Money Morning, August 8 "Banks are lending to companies and individuals at the fastest pace since the financial crisis, helping propel profits to near-record levels." - Wall Street Journal, August 11 Stock Mar
Saturday, August 23, 2014
Mike Whitney - Counterpunch
Understanding Ukraine in 15 Minutes

Friday, August 22, 2014
Adam Hamilton - Zealllc
  Gold Rising-Rate Fallacy
Gold has slid during this past week on mounting fears of interest-rate hikes.Between the latest FOMC meeting’s minutes and the Fed’s annual Jackson Hole Economic Policy Symposium, American futures speculators’ rising-rate phobias have been whipped into a fever pitch.They worry gold will be crushed when the Fed eventually starts normalizing rates.But history shatters this fallacy that rising rates are gold’s nemesis.Today there is a near-universal belief among futures traders that rising interest
Friday, August 22, 2014