As second quarter fundraising reports start to trickle in, the Obama campaign is already warning that it may have lost its edge in the campaign money wars.
Publicly, the campaign has tried to turn its fundraising disadvantage into a political opportunity, raising the reliable specters of Karl Rove and the Koch brothers to scare liberal donors into forking over more cash. On Friday, the President, basking in the glow of his [...]
From Peter Tchir of TF Market Advisors
Europe Doesn’t Get It
I still think the most likely scenario is that some agreement to agree is made at the summit, which is then followed up by increased printing from the ECB, coupled with new Fed policies and fresh IMF money. Although that still seems the most likely, I am getting concerned that Europe is once again missing the point.
Many EU leaders seem to [...]
With the FOMC meeting currently in full swing, speculation is rampant what will be announced tomorrow at 2:15 pm, with the market exhibiting its now traditional schizophrenic mood swings of either pricing in QE 6.66, or, alternatively, the apocalypse, with furious speed. And while many are convinced that at least the “Twist” is already guaranteed, as is an IOER cut, per Goldman’s “predictions” and [...]
By Craig Stephen
HONG KONG (MarketWatch) — In a city for which making money is often considered its whole raison d’être, news that Hong Kong expatriates are tumbling down the ranks of money earners in Asia suggests that something is wrong.
If that lucrative posting to Hong Kong, even with its low tax rates, is becoming a distant memory — what else might be consigned to history?
by Jack Goldman
The REAL price of oil is $5 a barrel in real US silver coins from 1963. The REAL price of gasoline is down 50% from 1963. In 1963 a gallon of gasoline was three silver dimes. Today, in 2011, the REAL price of gasoline is TWO gallons for three silver dimes. In real money gasoline is 50% cheaper today in 2011 than it was [...]
Silver is now 45% higher than it was the last time I made a bullion purchase for myself. Hidden away, in the bowels of the earth it rests as the sheeple wander around from Apple store to Apple store stocking up on the “really important” things in life.
This entire phony stock market and economy need to be put into perspective once and for all. For [...]
SUMMARY OF THE BIGGEST BAIL OUT EVER: EVEN KEYNES IS SPINNING IN HIS GRAVE
“In other words, total and unprecedented monetary lunacy, as every central bank, under the orchestration of the Federal Reserve, will throw money at the problem until it goes away, which it won’t. As we have long expected, Bernanke is now willing to sacrifice the dollar at any cost to prevent the euro unwind. This is nothing [...]