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Welcome to Capital Account. I’m Lauren Lyster in Washington D.C. US Presidential candidates Mitt Romney and Barack Obama may be gearing for a “face-off” in their first presidential debate this Wednesday, but are they both already losers in the deficit debate? Can any amount of rhetoric fill the gaps in their deficit plans, and where is the country headed without sound math, let alone sound MONEY! And what [...]
And of course, Scotty Barber at Reuters has the definitive chart.
Scotty Barber, Reuters
The key thing to remember here is that this is all basically just negative numbers porn. Or “recession porn” as Barry Ritholtz calls it.
A 15% collapse. A 12% collapse. It’s all kind of the same thing. The economy is in a depression, and everyone knows that the status quo isn’t even vaguely tenable.
Written by Jeff NielsonSaturday, 12 May 2012 12:38
If ever we needed proof of the saturation-level brainwashing to which the Western masses are now subjected (and to which they have succumbed), there is no clearer evidence than the U.S. Treasuries market.
The U.S. economy has never been Less-Solvent in its entire history, meaning that U.S. Treasuries have never been less valuable. The new supply of U.S. Treasuries grossly exceeds any level of paper the U.S. [...]
Earlier today, we learned the first stunner of the Greek bailout package, which courtesy of some convoluted transmission mechanisms would result in some, potentially quite many, Greek workers actually paying to retain their jobs: i.e., negative salaries. Now, having looked at the Eurogroup’s statement on the Greek bailout, we find another very creative use of “negative” numbers. And by creative we mean absolutely shocking and scandalous. First, as a reminder, even before the current bailout mechanism [...]
by Jeff Clark of Casey Research
Gold Stocks Prognosis: Catalyst, Please
It’s probably the #1 question on every gold investor’s mind right now: Why are gold stocks underperforming gold? Aren’t they supposed to bring us leverage to the gold price?
Yes, they are, and their performance been both disappointing and puzzling. There are some exceptions, to be sure, but in the majority of cases the [...]
by Edward Harrison
This time last year, The Economistâ€™s survey of global house prices was a sea of negative numbers. That was then. Of the 20 markets tracked in our latest survey, only four still posted year-on-year declines and only Irelandâ€™s property catastrophe has worsened.
Source: The Economist
I’m watching consumer sentiment closely, and it has turned down hard even in highly conflicted surveys like U Michigan which is now synching up with the ABC poll which has been stuck in deep negative numbers all along. Consumers know about the REAL jobless numbers, despite all the self serving BS being spewed out by our government fudge makers. We know about housing now that the industry is clearly in [...]