Kyle Bass, managing partner at Hayman Capital Management, told Bloomberg TV’s Stephanie Ruhle and Erik Schaztker on “Market Makers” today that he thinks “it’s the beginning of the end” for Japanese bonds. He said, “When I started sharing our views more globally it was the middle of 2010 and I said I believe the stress would begin to show itself in the next three years. Pretty much three years in, [...]
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BOSTON (CBS) – We’ve all heard the saying, ‘you are what you eat’, and now some believe food choices may actually contribute to anger and violent behavior. Jeff Resnick believes it; he even knows what sets him off. “I can get irritable, absolutely, when I’ve had too much of the carbs,” he said. Nutritionist Nicolette Pace says carbs can make you feel good, but it doesn’t last. “They don’t give your body what [...] (CNN) – More than two weeks after four Americans — including the U.S. ambassador to Libya — were killed in an attack on the U.S. Consulate in Benghazi, FBI agents have not yet been granted access to investigate in the eastern Libyan city, and the crime scene has not been secured, sources said. “They’ve gotten as far as Tripoli now, but they’ve never gotten to Benghazi,” CNN National Security Analyst Fran Townsend [...] 72Point Watching another colleague get promoted, missing out on a pay rise and sheer exhaustion are some of the top motivations for booking a trip away, as a study of 2,000 Brits revealed the top 20 factors which prompt a sudden interest in jetting off abroad. The results suggest that office stresses are high on the list of key holiday triggers, with people reaching for their passports to get far away from [...] by GoldCore
The Effects of Increasing Global Money Supply on Gold Today’s AM fix was USD 1581, EUR 1287.15 and GBP 1020.66 per ounce Gold fell by $20.60/oz in New York on Friday, closing at $1,583.80 with a small 0.93% loss on the week. Silver closed at $27.11/oz with a 1.35% loss. Gold is little changed in Asian and European trading [...] By Tom Karst, From The Packer Daily A $16 billion state budget shortfall in California will lead to cutbacks in border pest protection activities.
Dave Puglia, Sacramento-based senior vice president for Irvine, Calif.-based Western Growers. said California Department of Food and Agriculture Secretary Karen Ross briefed industry leaders May 14 with a plan that will require $2.1 million in cuts from the agriculture budget to deal with what he called a “rolling [...] *** This is an updated and corrected version. The IMF has NOT stated that it plans to buy $2.3 billion of gold as reserves. INSTEAD, the IMF has only stated that it plans to increase its reserves
NEW YORK (Commodity Online): The International Monetary Fund (IMF) is planning to increase its precautionary reserves on account of rising global risks, the organization’s latest report says.
“The Fund is facing increased credit risk in light of a surge in program lending [...] by Jack Stephan Some may wonder how a Roman Emperor belongs here? Many people feel uncomfortable with the Faith that is the foundation of NonViolent Action. Many people consider themselves “spiritual, but not religious.” Marcus Aurelius certainly had a sense of ‘order’ in the universe. Perhaps this brief excerpt will explain why and some of us will find a kindred spirit and some good common sense from this ancient Roman:: “Concentrate every minute [...] Almost six billion pain relief pills were bought last year as sales soared among Britons battling to cope with the stresses and strains of the economic downturn. But increasing numbers of shoppers are turning to cheaper supermarket own-brand versions of their favourite medication in a bid to cut costs, according to a new report yesterday. The latest pharmaceutical and retail sales trends from SymphonyIRI Group, the consumer goods and retail market measurement [...] Jeremy R. Hammond This article, originally titled “Ron Paul: Propagandist Or Prophet?”, was written by Jeremy R. Hammond and published at Foreign Policy Journal Ron Paul is “the best-known American propagandist for our enemies”, writes Dorothy Rabinowitz in a recent Wall Street Journal hit piece. To support the charge, she writes that Dr. Paul “assures audiences” that the terrorist attacks of 9/11 “took place only because of U.S. aggression and military actions”. It’s [...] There are now 25 European sovereigns and 42 European banks on S&P’s “potential bond downgrades list.” From Reuters: Standard & Poor’s on Tuesday said there is a greater number of sovereign and banking bonds at risk of ratings downgrades as a result of its recent warning that it might cut the credit ratings on 15 euro zone nations. “Sovereigns and banks continue to show the greatest downgrade risk. The entities in these two sectors are [...] kingworldnews.com With so much fear and uncertainty in markets around the world, today King World News interviewed Ben Davies, CEO of Hinde Capital. Davies alerted KWN that his firm is seeing crash signals similar to those of 2008. When asked about these signals, Davies responded, “We’re seeing that lending spreads are widening. Certain rates are starting to look stressed. Clearly there’s a funding issue brewing within the banking sector with what’s [...] view the full two hour testimony at C-Span: Author: Mac Slavo Date: October 4th, 2011 Ben Bernanke updates America on the status of our economy, interdependence on Europe, and what may ensue if Greece and the rest of the Europe’s sovereign debt and banking issues aren’t resolved in an orderly fashion. (Hint: They won’t be, so get ready for the worst case scenario) : First it would depend on the [...] by ZH No big surprise as Europe opens to a crowd of sellers. The EUR has stabilized from its drop a little in the last hour or so but commodities and PMs continue to slide. Italian banks appear to be bearing the brunt for now with Intesa and Unicredit down 4-5%, but most of the major banks are down at least 3%. Chart: Bloomberg Credit markets appear worst hit [...] BY CLARE CONNAGHAN LONDON—The euro came under significant pressure in European trading Tuesday, pulling down other risk-sensitive currencies, such as the pound and Australian dollar. A steady flow of negative newsflow out of the euro zone, including relatively weak demand at a key Italian bond auction and further evidence German Chancellor Angela Merkel is struggling for parliamentary support, weighed on the single currency, pushing it down [...] Ratings agency Standard & Poor’s warned Thursday that the fight over the US debt ceiling could exacerbate the global tensions arising from Europe’s troubled economies. S&P also reiterated that it could downgrade the US debt rating if politicians cannot reach a deal to raise the country’s debt ceiling by August 2. “We believe any additional stresses caused by a protracted standoff in the US would likely amplify [...] JP Morgan Chase know what they are talking about,. They have prior experience with stress tests designed to put lipstick on a pig. JPMorgan analyst Pavan Wadhwa among those who think the stress tests were a joke and that only bad can come now. Here are the key bullet points: The European bank ‘stress’ tests were anything but; • …due to a lack of rigour [...] Exacerbation of mental health issues, increases in the number of mental health patients, including acute conditions, and the inability of systems to cope: Desperate psychiatric patients wait “Just since April, more than 230 patients committed to Georgia psychiatric facilities  nearly one of every five  have been forced to wait 24 hours or more before being admitted. At least two waited in emergency rooms [...] Some “emerging market banking sectors are not in crisis at present, but our analysis indicates that their near to medium-term crisis risk is very high”…….. “Vietnam Ukraine Kazakhstan Pound falls on UK budget deficit: Euro and pound fall again: 20:34 GMT May 13th 2010 Romania today imposes austerity measures on their population, including cutting pensions, pensioners protest: Romanian cuts spark backlash from the general public: British first full coalition government since the 1930s stresses need for cuts: Spain, strikes called over austerity measures imposed by their government yesterday: Portugal announces more severe austerity measures today: - LFM |
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