Stock markets face a 'bloodbath', warns SocGen strategist Albert Edwards.

 

What the Double Dip Recession Will Look Like



'Jingle Mail': Developers Are Giving Up On Properties.

 

Waiting for the Other Shoe to Drop


Irish Debt Downgrade Raises Fear of International Deflation Spiral


Gold Demand Jumps by 36%



Why US Treasury Notes Will Eventually Yield Nothing



Dr. Gary North: The Myth of the Engineered Recession

 

US Said Preparing New Laws To Seize Americans Retirement Accounts

 

http://theeconomiccollapseblog.com/archives/10-practical-steps-that-you-can-take-to-insulate-yourself-at-least-somewhat-from-the-coming-economic-collapse 

 

Chairman Of Joint Chiefs Of Staff Says National Debt Is Biggest Threat To National Security

In The News Today

Posted: Aug 28 2010     By: Jim Sinclair      Post Edited: August 28, 2010 at 10:06 pm
Filed under: In The News

Jim Sinclair’s Commentary
Our bullion delivery man, JB Slear, says:
"No Bank failures for this week… after all, can’t have a failure on Jackson hole day."


Jim Sinclair’s Commentary
Remember all the MOPE about Fed tests of reverse repos as a method of draining liquidity?
Draining liquidity was all the talk on F-TV with the herd of Talking Heads bobbing their heads in agreement without any doubt.
The Fed will tighten? What raving BS. Now is there any further question in your mind that as the Western World economy craters, QE to Infinity will balloon to new heights? It will and illustration number three is the means to Currency Induced Cost Push Inflation.
Have you fully protected yourself and the nearest, dearest? Gold at $1650 looks like a minimum projection.


Fed Ready to Dig Deeper to Aid Growth, Chief Says By SEWELL CHAN
Published: August 27, 2010
JACKSON HOLE, Wyo. — The Federal Reserve chairman, Ben S. Bernanke, signaled once again on Friday that the central bank was prepared to act if the economy continued to weaken, as yet another economic report confirmed that the recovery had slowed to a crawl.
Mr. Bernanke made clear that while the Fed could take various steps, including large purchases of government debt, “central bankers alone cannot solve the world’s economic problems.” Speaking at the Fed’s annual symposium here, he hinted broadly that political leaders had to take steps to tackle the deficit and the trade imbalance.
Hours before Mr. Bernanke spoke, the Commerce Department lowered its estimate of economic growth in the second quarter to an annual rate of 1.6 percent, after originally reporting last month that growth from April through June was 2.4 percent. Economists had been predicting a steeper decline, and stock prices rose after the markets opened.
While Mr. Bernanke announced no new steps that the Fed would take immediately, he said the central bank was determined to prevent the economy from slipping into a cycle of falling wages and prices, a situation he said he did not think was likely. Instead he predicted that growth would continue modestly in the second half of the year and pick up in 2011.
Mr. Bernanke said the Fed, having kept short-term interest rates at nearly zero since 2008, had essentially four options:
More…

A Closer Look At The Silver Market

Posted: Aug 28 2010     By: Dan Norcini      Post Edited: August 28, 2010 at 4:04 pm
Filed under: Trader Dan Norcini
Dear Friends,
I have had a fair number of emails asking me to take a look at the internals of the silver market vis-à-vis the Commitment of Traders report after the explosive move that it underwent this past week. The big move began on Tuesday which is the cutoff day for this week’s COT report so we are able to see the state of the market through that date. However, this report will not catch what transpired on Wednesday through today. If you recall, silver tacked on quite a bit more upside since its move on Tuesday.
The only thing I can note at this point is that a bit of divergence occurred between the Swap Dealers and the Commercial Producer, User class. The general pattern in silver is that these two groups of traders tend to move in tandem, increasing their net short positions as the market rallies and decreasing it as the market moves lower. It is not an exact match but fairly reliable.
This week’s report does show a move by the Swap Dealers in the opposite direction of their fellow travelers. This class saw a significant amount of new buying in addition to short covering. One or even two weeks does not a trend make so it is too early to say anything definitive about it as of now but it should be noted that as of Tuesday they were net long.
Again, try not to read too much into things right now but let’s monitor developments again next week.
Concerning gold – nothing out of the ordinary as far as its COT report shows – managed money piled in on the long side while the Commercial Class and the Swap Dealers loaded up on the short side once again. Managed Money remains well shy of their all time peak of more than 238,000 net longs – they are currently at 202,000. There is lots of room for the funds to play should they choose to do so.
Click chart to enlarge in PDF format