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What Does Hyperinflation Look Like?

Posted by: George Washington

Post date: 05/07/2011 - 13:34

Walk down history lane ...

 

If there's no silver shortage, why are forward rates negative again?

 

Gold and silver will explode again, Hathaway tells King World News

 

Crash Or Correction? SocGen Answers 

Submitted by Tyler Durden on 05/07/2011 17:00 -0400

Following last week's crude drubbing brought about by correlations gone wild, following the 5 sequential margin hike-inspired collapse in silver, many are wondering if the silver correction is over, or if the crash is just starting. Here is Soc Gen joining in a very schizophrenic Goldman (a month ago: sell; yesterday: buy) telling clients the coast may be clear now that all the weakest hands have been purged (following SLV 88% share turnover on Thursday any latent mania elements have been exorcised). 

 

 

 

 

Guest Post: It’s Only PIG: Fears About Spain Are Overblown 

Submitted by Tyler Durden on 05/07/2011 16:17 -0400

The correlation between the Euro and Spanish credit risk shows that Spain is a domino too big to fail. It is difficult to conceive of a situation where policymakers would say goodbye to their own jobs by permitting a default. These are fundamentals that matter. It is doubtful that policy can actually stave off default, because liquidity provision is the limits of their arsenal. However, liquidity policy can extend kicking the can down the road for a time. The bottom line is cost of funding. Once it reaches a threshold level, there is just too much pain and default becomes the politically acceptable option. We are nowhere near funding costs that in Spanish government bonds. If fact, the relative pricing of synthetic and cash makes for a compelling trade.

 

 

 

 

 

In The News Today

Posted: May 07 2011     By: Jim Sinclair      Post Edited: May 7, 2011 at 2:05 pm
Filed under: In The News

Jim Sinclair’s Commentary

Eric King of www.KingWorldNews.com has interviewed acclaimed author and founder of the Dines Letter, James Dines. Be sure to check out this interview.

Click here to listen to the interview…




Jim Sinclair’s Commentary

The financial wizards are back with their begging bowl. They drive home in their Bentleys and retire on millions.
This is simply wrong.

Fannie Mae seeks $8.5 billion from taxpayers 

By Corbett B. Daly
WASHINGTON | Fri May 6, 2011 5:50pm EDT
(Reuters) – Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009.
The largest U.S. residential mortgage funds provider reported a net loss attributable to common shareholders of $8.7 billion, or $1.52 per diluted share, in the first quarter.
Including the latest request, the firm has taken about $100 billion from the U.S. government since it was seized in 2008, though it has also paid about $12.4 billion to taxpayers in interest.
Loans made in the past two years have been more profitable than loans made during the housing boom in preceding years.
"As we move forward, we are building a strong new book of business that now accounts for 45 percent of the company’s overall single-family guaranty book of business," said Michael Williams, the firm’s president and chief executive officer.
More…

Silver-mad small investors fueled an epic rise and fall