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 G.Washington at ZeroHedge.
(http://pe.usps.com/text/imm/immc3_007.htm for the conversion chart)
I have repeatedly pointed out that it is possible that the IMF’s special drawing rights (SDRs) will become the world’s reserve currency.
Full story here from ZeroHedge. Wow, Citi speaks a word of truth. Next up, a rain of frogs, followed by dogs and cats living together.
These are not the hyperbolic ramblings of various fringe blogs who have been claiming this for over a year, these are the non-hyperbolic ruminations of Steven Englander, until recently head FX [...]
Full story here from ZeroHedge.
Common Sense: No problem can be fixed before a solution is formed. No solution can be formed until the underlying problems are clearly identified.
The officials in charge of fixing the economy have not articulated the underlying problems. Worse, many of these officials – directly or indirectly – created or contributed the [...]
Full story here from Jim Willie.
A theme of frequent mention has been the Paradigm Shift in the financial world. It refers more specifically to the global shift away from a USDollar-centric alignment. The major industrialized nations of the world, along with major energy producers, struggle to develop a monetary and commercial system that is not [...]
Full story here from ZeroHedge. Hitler loses his ShamWows here.
Raoul Pal, who retired from managing money at the ripe age of 36, after co-managing GLG’s Global Macro Fund, and the hedge fund sales business in equities and equity derivatives at Goldman among others, and has been publishing the attached Global Macro Report since, has just [...]
Full story here from Jim Willie, The Golden Jackass, my favorite curmudgeon of precious metals and erstwhile detractor of fiat funniness.
A significant feature of fiat money systems is the privilege for the custodian to commit fraud, big fraud, gargantuan fraud, even counterfeit. Fannie Mae might function as the clearinghouse for numerous massive role programs with [...]
Full story here from Jim Willie a/k/a The Golden Jackass.
Road to Perdition
Time to awaken to a new dreadful reality. Just like autumn 2008, all over again, the stock market is breaking down in a powerful visible manner, after nothing was fixed with the vast financial structures but much money [...]
I love a good bit of hysteria in the morning…this courtesy of Jesse’s Cafe Americain.
Ambrose Evans-Pritchard has a bold headline US Money Supply Plunges at 1930s Pace that is sure to provide much referential action for the UK Telegraph.