inland breaks stride with other nations claiming they aren’t even contemplating the end of Euro by telling the Telegraph it is only a matter of time.
If you have been watching the financial headlines the media is quoting more and more analysts and economists saying the ejection of Greece from the Euro-zone won’t be that big of a deal.
This of course comes after years of claims that such and event would [...]
Gold’s Rally Short Term? Long Term Outlook Bullish
Today’s AM fix was USD 1,603.00, EUR 1,321.74, and GBP 1,034.26 per ounce.
Yesterday’s AM fix was USD 1,587.50, EUR 1,309.39 and GBP 1,024.86 per ounce.
Gold climbed $22.20 or 1.04% in New York yesterday and closed at $1,604.50/oz. The silver price hit a high of $27.559 and finished the day with a gain of 1.3%.
Gold was trading sideways in Asia with a slight [...]
Some 1,600 years ago, the Temple of the Night Sun was a blood-red beacon visible for miles and adorned with giant masks of the Maya sun god as a shark, blood drinker, and jaguar.
Long since lost to the Guatemalan jungle, the temple is finally showing its faces to archaeologists, and revealing new clues about the rivalrous kingdoms of the Maya.
Unlike the relatively centralized Aztec and Inca empires, the Maya civilization—which [...]
Despite the easing of collateral standards, ECB Margin Calls surged last week by their most in over 9 months (ex-Greece). As yields rose (and prices fell) pre-summit, so the collateral that European banks have lodged with the ECB fell in value and thus, the banks had to find cash to cover those margin calls. The rally from Friday may have eased that strain a little but today’s give-back of all those [...]
In many ways, the contemporary history of America’s economy is really a story about cities.
Metro areas rise and fall with each generation, buoyed or sunk by the industries and trends that support them.
The chart below, from the McKinsey Global Institute, does a beautiful job telling that story.
On the left, we have the top 30 U.S. metro areas ranked by real GDP as of 1978.
On the right, the top 30 for 2010.
That cross-hatch of red [...]
June 12, 2012
After a weekend of rage amongst Ron Paul supporters over Rand Paul’s endorsement of Mitt Romney, the Ron Paul campaign has issued its first quasi-official response to the controversy in the form of a video blog by Jack Hunter which argues that the endorsement is a political move designed to position the Kentucky Senator for a presidential run in 2016.
The West Coast president of NBC had strong feelings about Courtney Cox’s character on Friends well before the show even premiered – and he was not a fan.
Marta Kauffman, one of the show’s co-creators, revealed that Monica Geller was reviled by Don Ohlmeyer for her laissez-faire attitude about sex in the May edition of Vanity Fair.
Ms Kauffman said that during a 1994 run-through with a test audience, viewers were asked whether [...]
The Structure Of Empires (February 22, 2012)
“Empires, as last week’s post noted, have been around for a long time. The evidence of history suggests that they show up fairly promptly once agriculture becomes stable and sophisticated enough to support urban centers, and go away only when urban life also breaks down. Anyone interested in tracking the rise and fall of empires thus has anything up to five thousand years of fairly [...]
WATCH: Tune into Bloomberg TV at 8 pm ET and 11 pm ET for special live coverage of the rise and fall of MF Global Holdings Chairman and CEO Jon Corzine, including analysis of testimony before Congress today.
Will Corzine aid lawmakers in finding as much as $1.2 billion in customer funds reported missing?
Hosted by anchor Lisa Murphy, with reporting from Stephanie Ruhle in New York and Sheila Dharmarajan in Washington, [...]
“The laws that express the relation between matter and energy [thermodynamic laws], govern the rise and fall of political systems, the freedom or bondage of societies, the movements of commerce and industries, the origin of wealth and poverty, and the general physical welfare of a people.” – Frederick Soddy 1911
Every System Has a Driver
And it isn’t ideology.
The system in question is the global economic system that has been increasingly based on consumption [...]
by The World Complex
The Rise And Fall Of US Confidence
Today we look at a graph of confidence in the US system. The US confidence ratio represents the ratio of outstanding US Federal debt to the dollar value of US gold holdings (as reported*). No corrections for inflation should be necessary, as both terms are valued in the same depreciating dollars. We use [...]
Original article at WSJ:
“A huge trade by a tiny hedge fund has sent shudders through the gold market.
Thanks to the nature of futures trading, Daniel Shak’s $10 million hedge fund held gold contracts valued at more than $850 million, more than 10% of the main U.S. futures market, and the equivalent of South Africa’s annual gold production.
But as gold prices started falling this year, the [...]
Over the past several weeks there had been rumors that the reason for the precipitous drop in gold was primarily driven by a hedge fund liquidating its futures positions. This has now been confirmed: “Yeah, that was just me liquidating my spread position,” Mr. Daniel Shak, [of SHK Asset Management] 51 years old, said in an interview. “I had a significant, fully margined [...]
by Jan Paul
I find it hard to believe that anyone that has studied the rise and fall of empires would vote for either party. Both have destroyed this nation. A good book on this is “America Running on Empty” by Peterson. A good book on the deals made by the party leaders in Congress and then how they use pork or appointments or moving bills through committee to get the [...]
We have not re-invented anything and we haven’t reinvigorated our economy for many decades. Clear back in 1968 we started borrowing $1 for each $1 of GDP growth. Each decade from then on, we got worse and we continued to use the same policies instead of re-inventing ourselves. Now there is no way to grow or tax out of this according to our own government’s projections, including those of the [...]
Largely because their “Market” is more defined by the whole of Europe, Dubai and a utter lack of transferable industries/intellectual properties. We live and work in both the UK and US, and the differences become more apparent when actually there. You realize that Great Britain is clearly trading away the last of its marketable exports (e.g., Cadbury) and simply becoming industrialized by the likes of GE and RR. It’s a [...]