Full story here from ZeroHedge. And here’s an antidote!
Citi’s Robert Buckland is out with the must read report of the weekend, especially for all the optimists who believe that despite the ongoing depression (and as many have demonstrated, all the talk about a double dip is moot, as America has never left [...]
Full story here from Jim Willie a/k/a the Golden Jackass. Your bonus multimedia here.
Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion. The public is alarmed, even frightened, by the sequence of events, without much benefit of comprehension of [...]
Full story here. Gads, the Koch brothers are straight out of the Monty Burns school of management…
Mainstream America is finally getting to know the billionaire brothers backing the libertarian movement, thanks to a pair of dueling profiles inNew York and The New Yorker. Now that we’ve heard about their charitable giving, David’s 240-foot mega-yacht and role as [...]
Full story here from ZeroHedge.
Finally, some happy news for all the bankers who have been living in fear lately of how the new financial regulations – also known as the Dodd-Frank Legislation – will affect their business. I’m proud to announce: Problem solved!
Full story here from ZeroHedge.
Another ridiculous market reaction following the ADP read today, when the AUDJPY initially dropped, only to see every deranged Japanese housewife, and anyone else with an FX account plough into it taking full advantage of 50x+ leverage to spook remaining weak short hands out. The catalyst: good news is good news, [...]
Full story here from Market Oracle. But you may ask: “Why are you trying to bum us out on a total rally day?” It could go Dow 36,000 but fail to address ANY of the pressing issues of crumbling infrastructure, unemployment or financial onanism that we find ourselves mired in today.
Readers of my articles will [...]
Full story here from Paul Craig Roberts.
Have economists made themselves irrelevant? If you have any doubts, have a look at the current issue of themagazine, International Economy, a slick publication endorsed by former Federal Reserve chairmen Paul Volcker and Alan Greenspan, by Jean-Claude Trichet, president of the European Central Bank, by former Secretary of State [...]
Full story here from ZeroHedge. Of course, your local econo-pessimist could’ve told you this too.
Paul Farrell’s take on Jeremy Grantham’s recent essay Seven Lean Years (previously posted on Zero Hedge) is amusing in that his conclusion is that should Obama get reelected, his entire tenure will have been occupied by fixing the problems [...]
Full story here. Take the time to read ALL of this– you’ll be glad you did.
Hardly another serious plague to society is associated with more hypocrisy and erroneous assumptions than the drug business. So Lars Schall talked with Catherine Austin Fitts, who explains the real deal: “It’s a very old business. It goes back to [...]
Check this out: Gold went up to 3401.50?!?!?!?
http://finance.yahoo.com/q?s=GCU10.CMX
Gold Sep 10
(COMEX: GCU10.CMX)
Last Trade:
1,236.60
Trade Time:
2:16PM EDT
Change:
1.30 (0.11%)
Prev Settlement:
N/A
Open:
1,237.10
Bid:
1,237.30
Ask:
1,237.40
Day’s Range:
1,234.00 -3,401.50
Volume:
0
Open Interest:
N/A
Session:
Exp. Date:
N/A