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From Liberty Blitzkrieg: The dumbest of the dumb money has finally decided now is the time to buy Manhattan apartments. The California Public Employees’ Retirement System (colloquially known as Calpers) just loves taking assets off of other people’s hands at the top. Let’s not forget the 10,200-acre desert site in Arizona they bought for $400 million in 2006, which was then sold for $32.5 million in 2011. Well the not-so-savvy managers of California’s [...] What Changed in Swiss Gold Banking? by Adrian Ash BullionVault Wednesday, 6 February 2013
What the Swiss banks’ move away from unallocated accounts says about gold, and about banking… IMAGINE you could sell someone something, but keep ownership of it, and then use it yourself, writes Adrian Ash at BullionVault. You could lend it out for interest, say, or raise loans of your own by pledging it as collateral. Or even sell it to raise cash [...] Jim Willie CB Central banks are the current sovereign debt market. It is a vacated market; they are the majority bidders via debt monetization. Monetary inflation has become the new normal. In perverse fashion, the financial markets celebrate the monetized purchases, even calling for higher volume. In the process, bond and stock market integrity has been destroyed. Foreign creditors are exiting the US Treasury market. Large European banks [...] by Tom McClellan, McClellan Market Report There is a growing chorus of analyst voices calling for an economic collapse in China. This is based in part on how poorly Chinese stocks have done this year, and it sets up all sorts of worries about what an economic slowdown in China might do to prices of commodities, and to other world financial markets. I have a different view, and it is based on the comparison [...] There is A LOT going on behind the scenes and under the surface both politically and financially. Yes there is obviously a Dollar squeeze going on, otherwise the Fed would not have implemented the swap lines they did last week. Nothing has changed, except possibly gotten more severe, with the sovereign debt and banking problems, nothing. In Costa Rica EVERYTHING is for sale and NO ONE is buying anything. Their economy [...] Courtesy of our friends at FMX Connect. Silver Contango Crushed “ Short Squeeze Imminent or Position Limit Ruling Fall Out? In silver, the contango was hit hard about 3 AM this morning with 2 year futures coming in as much as 15 cents relative to spot. The Z11/Z12 futures spread settled 21.40 yesterday and the market today is 13/15. The H/Z futures spread settled 19.2 The market today [...] |
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