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| RATIOS & INDEXES |
| Gold / Silver | 61.82 |
| Gold / Oil | 14.37 |
| Dowjones / Gold | 11.09 |
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 | Articles related to Housing Bubble |  |
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 | Ranting Andy - Miles Franklin |
| The ORB-Bubble |
| Read the Monday Afternoon Wrap-Up for 5/20/2013 and the Tuesday Morning Commentary for 5/21/2013
This weekend, I watched the Preakness Stakes horse race; as always, at Pimlico Racetrack in Baltimore. I have never been a horse aficionado; but like most Americans, the excitement of the “Triple Crown” possesses me each Spring. In today’s era of specialized horses – much like specialized baseball pitchers – the odds of a single horse winning both the Kentucky and Preakness sprints and the Belmont Tuesday, May 21, 2013 |
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 | Captain Hook - Treasure Chest |
| Battlefield Earth |
| No, this has nothing to do with the sci-fi movie. It has everything to do with real life however; life closer to home, because we are living in an increasingly hostile environment characterized by both increasingly difficult and dangerous times. The wars - wars on multiple levels - are coming closer and closer to home every day. And slowly but surely - one by one - increasing numbers of people are beginning to see it because it's starting to materially affect their lives. They are coming to theMonday, May 13, 2013 |
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 | Andy Sutton |
| Irrational Exuberance Part II |
| Every so often the mainstream does get it right; they just don't realize it. Or maybe they do. There is an old saying that every lie has 90% truth otherwise nobody would believe it. The hysteria over the Dow's recent punch through the 15,000 level has everyone associated with stocks almost giddy. Or maybe totally giddy. Or maybe totally disconnected from reality. Take your pick. The article I'm going to dissect can be found easily by a quick search, but it really doesn't matter who wMonday, May 13, 2013 |
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 | Mish - Global Economic Analysis |
| Huge Bubble in India Home Prices Ready to Burst |
| Here are some interesting charts by Deepak Shenoy on the India Housing Bubble.
India HPI
click on any chart for sharper image
India home prices have been going up at a compound annual growth rate (CAGR) of 26% since March of 2009.
Mumbai and Delhi
Shenoy reports Mumbai is growing at a CAGR of 30%, and Dehli is up 47% from a year ago and 250% since March 2009.
Note the transaction volume in Delhi. Transaction volumes and prices are interesting in Bangalore and Chennai as well.
BangaloFriday, May 10, 2013 |
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| Mish - Global Economic Analysis |
| Hugely Negative Real Interest Rates Fuel Yet Another Housing Bubble; A Word About "Inflation" and Tr |
| It's easy to spot a Fed-sponsored housing bubble if you look in the right places. The best place to start is an analysis of price inflation as measured by the BLS as compared to a CPI-variant that takes actual housing prices into consideration instead of rent.
This is a followup to my post Dissecting the Fed-Sponsored Housing Bubble; HPI-CPI Revisited; Real Housing Prices; Price Inflation Higher than Fed Admits.
Data for the following charts is courtesy of Lender Processing Services(LPS), SpecWednesday, May 08, 2013 |
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 | Rick Ackerman |
| ‘Full Speed Ahead!’ on Wall Street |
| Permabears who have waited patiently for The Mother of All Corrections should take encouragement from the blithe character of yesterday’s 87-point rally in the Dow. It left the Indoos sitting above 15,000 for the first time and the network anchors oohing and aahing as though they understood what it means. Our take is that the little guy has not only returned, but that he is ready to party. And what better signal could there be that the end is nigh? With yields on fixed-incomes at historical lowWednesday, May 08, 2013 |
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 | Jesse - Le Café Américain |
| SP 500 and NDX Futures Daily Charts - They Broke Out the Pom Poms Today |
| Someone describes this as 'the rally that everyone loves to hate.'
I think that is a euphemism for a cynically led rally with a very narrow participation that will head for the exits at the first whiff of trouble and take it down ten percent in a Manhattan minute.
And in the meantime, the cheerleaders are out on the financial networks, urging mom and pop to get in on their good thing. Some of them fill out their outfits better than others.
Don't get in front of it. But the steadily risingWednesday, May 08, 2013 |
|
| Ranting Andy - Miles Franklin |
| Bennie’s Worst Nightmare |
| In February 2006, Benjamin Bernanke took office as the U.S. Federal Reserve Chairman. A long-time disciple of the MONEY PRINTING KING – Alan Greenspan – he convinced himself the Great Depression could have been avoided with easier monetary policy. He even said so in the famous “helicopter speech” of 2002…
Deflation: Making Sure “It” Doesn’t Happen Here – November 2002
…and man, has he made good on his promise…
As Bennie approaches the end of his “reign of terror”; likely in January 2014, whenWednesday, May 08, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Gold Is Flowing From West to East |
| Intraday commentary on the Chinese gold rush and the ongoing currency war here. It might be well to read this if you have not so already. What the People's Daily Online has to say about the Chinese market for physical gold is stunning.
It correlates heavily with the gold and silver market action and represents a kind of summary of what I think might be going on.
Stocks are in a bubble. A lot of the stock market action is reminiscent of the tech bubble with overtones of the housing bubble. Thursday, May 02, 2013 |
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| Jesse - Le Café Américain |
| Gold Daily and Silver Weekly Charts - Gold Is Flowing From West to East - Stench of Wall Street |
| Intraday commentary on the Chinese gold rush and the ongoing currency war here. It might be well to read this if you have not so already. What the People's Daily Online has to say about the Chinese market for physical gold is stunning.
It correlates heavily with the gold and silver market action and represents a kind of summary of what I think might be going on.
Stocks are in a bubble. A lot of the stock market action is reminiscent of the tech bubble with overtones of the housing bubble. Thursday, May 02, 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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| Mish - Global Economic Analysis |
| Is Capitalism Killing Our Morals and Economy? |
| In one of the most hopelessly incorrect collections of drivel that I have ever seen, Paul Farrell of MarketWatch writes Capitalism is killing our morals, our future.
Yes, capitalism is working ... for the Forbes 1,000 Global Billionaires whose ranks swelled from 322 in 2000 to 1,426 recently. Billionaires control the vast majority of the world’s wealth, while the income of American workers stagnated.
Over the years we’ve explored the reasons capitalism blindly continues on its self-destructiMonday, April 29, 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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| Mish - Global Economic Analysis |
| Spain's Unemployment Rate Rises Full Percentage Point to Record 27.2%; Unemployment Tops 6.2 Million |
| Spain's budget deficits are out of control, home prices are still falling, GDP is down 2% annualized in the first quarter, production is down, the unemployment rate soared a full percentage point to 27.16%, and a record 6.2 million are out of work.
Here are some stats from Spain's National Statistics Office as noted in the Financial Times.
Almost 240,000 people lost their jobs in the first three months of the year.
The overall number of jobless is 6.2 million.
The unemployment rate rose by mFriday, April 26, 2013 |
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 | Jordan Roy Byrne - The Daily Gold |
| Gold Bears Suddenly Appear, More Emboldened than Ever |
| Congrats to the gold bears and stock bulls! After being slaughtered for the
majority of the last decade and more, they finally won a victory. Golf clap
for you gentlemen. Now you can have your day in the sun once again. US stocks
are at all-time highs and Gold sucks again! You won't have to listen to your
clients bitch and moan about how you ignored, avoided or were underweight
the bull market of our time. Time to crow!
I awoke on Monday to alink from
a subscriber. It was an edWednesday, April 24, 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 |
|
| Aubie Baltin |
 Crack In Dam |
| "One of the penalties of not participating in politics is that you
will be governed by your inferiors."
Plato
“We are in danger of being overwhelmed with irredeemable paper,
representing neither, gold, nor silver; representing nothing but
broken promises, bad faith, bankrupt corporations, cheated creditorsTuesday, April 23, 2013 |
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 | Eric Coffin - Hard Rock Analyst |
| Resource Sector Paradigm Shift: Part II |
| There was little reason for optimism and certainly no optimists that
we could find in the junior space this month.
This month's editorial continues the discussion of what large companies
seem to be looking for and what Juniors should be looking for too. This
sort of shift is not a short term scenario. By definition it's going to
take some time for companies to retool and approach projects from a different
direction with differeWednesday, April 17, 2013 |
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 | Peter Schiff - EuroPac |
| Gold in the Crosshairs |
| In the opening years of the last decade, most mainstream investors sat on the sidelines while "tin hat"goldbugs rode the bull market from below $300 to just over $1,000 per ounce. But following the 2008 financial crisis, when gold held up better than stocks during the decline and made new record highs long before the Dow Jones fully recovered, Wall Street finally sat up and took notice.Tuesday, April 16, 2013 |
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