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by Tekoa Da Silva, Bull Market Thinking: Legendary investor Don Coxe, Chairman of Coxe Advisors LLP, and former advisor to the $540 billion BMO Financial Group, issued a powerful new commentary entitled, “Money Makes the World Go Round”. In this updated piece, Don spoke to the staggering growth of the U.S. monetary base, indicating that when monetary velocity regains its speed, a “nightmare scenario” could unfold, with gold to money supply ratios exploding from levels, “so far [below] any all-time lows, so as to [...] North Korea: Kim Jong-Un’s 30,000 elite troops could pour through secret underground tunnels into South Korea Military chiefs fear Kim’s troops have dug a series of secret underground tunnels reaching behind the South’s defensive lines. And in one nightmare scenario they believe up to 30,000 elite commandos are ready to pour through them. http://www.mirror.co.uk/news/world-news/north-korea-kim-jong-uns-30000-1816171 N. Korea pulling workers from complex that’s last big symbol of cooperation with South http://edition.cnn.com/2013/04/08/world/asia/koreas-tensions/index.html U.S. Designs a Korea Response Proportional to [...] Susanne Posel Senator Ron Paul, author of the legislation called Federal Reserve Transparency Act of 2012 (HR459) that will subject Ben Bernanke and the privately-owned Federal Reserve Bank to a monetary audit policy has seen much support from his peers on Capitol Hill. The House of Representatives passed 327 – 98 on a vote last week which exceeded the necessary 2/3rd majority. Bernanke, trying to deter the US Congress from digging into the private [...] It’s getting easy to overlook the tired rhetoric and hollow tension surrounding Iran, the U.S. and Israel.
It’s been months, and months since the back-and-forth began. First, Iran’s shutting the Strait of Hormuz, then its saying it’d never shut the strait. Then Israel’s planning a solo attack. No, they’re not. It’s frustrating, but that doesn’t mean the situation couldn’t turn ugly at the drop of a hat. Joby Warick at The Washington Post reports improved Iranian weapons and an enhanced plan [...] TOKYO — Japan posted its biggest first-half trade deficit on record, according to government figures released Wednesday, highlighting the economic consequences as this nuclear-averse country imports fossil fuels to meet its energy needs. The Ministry of Finance reported a 2.92 trillion yen (or $37.3 billion) trade deficit, which reflected not only Japan’s surging need for oil and liquefied natural gas (LNG), but also weakened exports to slumping markets like Europe and China. The world’s third-largest [...] REPORT: Greek Vote Could End In A Nightmare Scenario Stalemate Joe Weisenthal ATHENS, GREECE — An FT report saying that the Greek vote is set to end in “stalemate” is the buzz of the moment. The gist is that the election could have a nightmare outcome, where still no party captures enough support so that a coalition government might be formed. Remember, the whole reason Greece is voting right now is because [...] Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, U.S. economic relapse and a sharp slowdown in China. Investors hedged against global financial and economic crisis, heading for havens such as the benchmark 10-year Japanese government bond whose yield fell below 0.80 percent to its lowest since July 2003. [...] Doctors told Debbie Woolhead’s family she was unlikely to pull through Panic in Georgia, US, after four people hospitalised with the disease Aimee Copeland, 24, is recovering from quadruple amputation A mother of three who was attacked by a flesh-eating bacteria that has killed others and forced [...] The debt crisis in Europe will continue to dominate markets in 2012 as governments and banks face big refinancing needs and investor confidence remains low. From CNN Money: Last year was supposed to be the make or break year for Europe’s debt crisis. Neither happened. That means the chronic uncertainty that investors grappled with for most of 2011 is likely to continue, if not intensify, in the first half of this year. “There are [...] re: the Bevilacqua decision… Massachusetts Supreme Court Blows Whistle on How the Banks Broke the Housing Market – It represents thenightmare scenario we all expected to come to pass. The highest court in Massachusetts ruled that a homeowner who bought a foreclosure that hadn’t been properly conducted by the foreclosing bank in 2006 didn’t have legal ownership of the property. The decision by the Supreme Judicial Court casts a cloud over the [...] This article hit the daily digest a few weeks ago but was it not really discussed. I have been a fan of Michael Lewis (The Big Short, Blind Side, Money Ball,…) since reading Liar’s Poker in the mid 90′s. Although I was not working in the markets in the 80′s, Liar’s Poker still resonated with my experience working in the Financial Markets during the 90′s. It has long [...] by ZH In today’s most underreported news of the day, which could potentially have the biggest impact on the future of America, none other than America’s CEOs, or at least one of them: Starbucks’ Howard Schultz, has mass blasted an email to fellow CEOs asking for a consensual boycott on donating to political campaigns in order to encourage the nation’s muppets, elsewhere idiotically called “leaders”, [...] by ZH Reuters has compiled a more objective list of opinions and key industry verticals than something that could come out of a San Diego weatherman. “Nuclear experts can’t agree what the worst-case scenario for Japan’s nuclear crisis might be, so predicting the impact of the disaster on the world’s third-largest economy with any accuracy is an impossible task. But even if a catastrophic nuclear [...] by ZH Senator Kirk’s question “in laymen’s terms this is one part of the government lending another part of the government money, which would not let to long term confidence once the American people understood the basics a little bit better” relates to the open monetization that the Fed does each and every day at least until the end of June. What Kirk did not ask [...] Faber said that as the world’s economies improve, demand for energy will increase. He noted that demand has already picked up in developing countries and continues to rise in emerging markets. “I think in a, let’s say Goldilocks outlook, you have to own some oil,” Faber said. “If you’re very bearish about the world, it’s a nightmare scenario in the Middle East and I don’t [...] by zh The topic once again is the Financial Crisis, and specifically how, why and whether it will lead to America’s decline. Of particular note is Ferguson’s spot on characterization of the primary deficiency in the so-called brains of economists, namely that they see patterns, equilibria and stable systems where there are absolutely none: i.e., in the complex (as in Lorenzian) world of economics: “Complex [...] by ZH 10% Savings Rate + Consumer Spending At 65% Of GDP = Retail Disaster Now that the Wall Street Journal, New York Times, CNBC and every other mainstream media outlet have figured out what some financial blogs had figured out months ago http://theburningplatform.com/blog/2010/08/26/the-great-deleveraging-lie/, everyone knows that the American consumers have not yet begun to deleverage. Consumer credit outstanding peaked at $2.58 trillion in July 2008. It [...] |
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