As gold prices surge, cash-for-gold frenzy fades

Eric De Groot at Eric De Groot - 13 minutes ago

Perhaps the cash for gold customers have no more gold to sell. The seller and sidelines sitters without a doubt will return buyers during the mania phase of gold's secular bull market. Headline: ANALYSIS-As gold prices surge, cash-for-gold frenzy fades Handing out flyers at the corner of 47th Street and Fifth Avenue in New York City's Diamond District, Mariabi Peenya is having trouble... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

"The Wasteland" - How Central Planning Broke All Markets... And What We Can Do To Fix Them

In his latest ruminations in ruination, Diapason's Sean Corrigan does nothing short of a brilliant post-modernist collage of all the fragments of our broken economic reality and capital markets which, just like the defining 20th century poem by TS Eliot (further exemplified by the Flesch-Kincaid reading complexity of Max+1 inherent in both works), summarizes the terminal situation that we currently find ourselves in. And while in The Waste Land, Eliot focused more on the existential breakdown of society in the "entre deux guerres" period, Corrigan does the same for the trader/financial archetype of the 21st century. But all is not lost. Just like the Waste Land ended on a glimmer of an optimistic note by invoking the Three Principal Virtues of the Brihadaranyaka Upanishad (be self-controlled, be charitable and be compassionate) wherein according to the Nobel winning author the germs of social salvation lay in understanding of our own intractable and self-destructive complexities, so too does Corrigan provide an outcome to our mangled reality based on a trio of our own actions which may one day save us from the economic, financial and capital destruction we (through the creeping dictatorial pervasiveness of central planning, but not only) have brought upon ourselves. "What lies broken, we can surely fix, but only if we break in turn the habits of mind and the tyranny of the man-made institutions which we first allowed to break the things we value - our freedom of association, our independence of action, and our individual chance of prosperity." 





Socio-Economics Put China at Higher Investment Risk Than The U.S.
osted by: EconMatters

Post date: 08/14/2011 - 10:30

The new double AA credit status assigned by S&P has put the U.S. in the same category as China.  But one consolation for the United States is that the country's... 

Beijing Downgrades US Treasury From A+ To A




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