I Expect More Social Unrest In The World

Jim Rogers Blog - 2 hours ago

Agriculture prices are still, on a historic basis, extremely depressed, and in my view I'll probably make more money in agriculture than other things. I fully expect more social unrest in the world, I fully expect more turmoil, but I didn't expect it to happen this quickly because food prices are somewhat depressed. *Tickers: Potash (POT), John Deere (DE), ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (NYSE:RJA)* *Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, B... more » 

 

 

 

 

 

Jon Stewart On The Ron "13th Floor In A Hotel" Paul Media Blackout

Over the weekend, following the Iowa straw poll result, we posed a simple question: why does the media continue to ignore Ron Paul (on both the left and right)? We followed up with none other than Paul's own response to this curious status quo. A few days later, it appears that the media itself has finally caught on to this ironic 'house of mirrors' effect, and while Paul is still not a household name, the self-effacing sarcasm this topic has garnered, has been captured best by none other than Jon Stewart in this entertaining clip that mocks the established mindset of the legacy media to not dare disturb the status quo, confirming that everyone, left and right, are really all just the same. For those who have not seen it yet, this is a hilarious must watch.






10 Signs That Economic Riots And Civil Unrest Inside The United States Are Now More Likely Than Ever.





Food Prices Could Hit Tipping Point for Global Unrest
 

 

 

 

 

Daily Bell Briefs: SEC Goes After S&P / World Bank to the Rescue? / Death & Democracy in the Middle East / States to Embrace Online Gambling.

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A Trader's View On The French Markets Today & Overlooking The Inevitable Pan-European Real Estate Collapse

Posted by : Reggie Middleton

Post date: 08/16/2011 - 13:39

Trading the CAC40 vs witnessing The Inevitable Pan-European Real Estate Collapse 

 

 

 

 

 

 

Gold and the SNB

Posted by: Bruce Krasting

Post date: 08/16/2011 - 11:25

Things will be happening in the next 24 hours.

 

 

 

 

 

Three Horsemen Maintaining Demand - Increasing Back Door Influence?

Eric De Groot at Eric De Groot - 3 hours ago

The charts below illustrate two important trends. First, foreigners were selling well in advance of the market’s recent turmoil. This is illustrated by the well-defined down tick in the thick red line. Second, the three horsemen of China, Japan, and United Kingdom continue to be big buyers of US Treasury securities. Their slow and steady accumulation from 49% to 54% of all Treasury debt... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] 

Key Highlights From The Merkel Sarkozy Meeting

Here are the key highlights for now:

• And fade: Sarkozy says "Maybe" Eurobonds imaginable one day
• Sarkozy says not enough integration for eurobonds now
• Eurobonds have no democratic legitimacy now, Sarkozy says
• French president Sarkozy says proposal would elect a Eurozone president for two and a half years
• Van Rompuy Proposed as Head of Euro Council
• Merkel says debt brake to be anchored in German, French law. And so the take over of europe by the new axis countries: France and Germany, is complete.

Initial Response To Merkel Conference

Plan seems long on big picture idea, short on details and short on other member states being consulted. Feels like more concrete, immediate action, was already priced in. If anything, seems like they are going to start taking money from banks to pay for bailouts of banks. Makes sense in a weird way, if you believe banks should be bailed out, but don't think that was the "support" the market was looking for. With all the short covering, and high expectations, I think market will end up the day disappointed.

Market Response To SarKel Emergency Meeting: Dump

Remember what happened to the market following Trichet's disastrous press conference two weeks ago? Well, cue it up, because it is deja vu all over again. The second Sarkozy said that neither the Eurobonds are coming as expected, nor the EFSF will be expanded, the sell off began. The only question the market has is when is the next emergency meeting?

Volume Comparison: Pre- And Post-

SSDPlunge

An Example Of Non-Gold Standard "Price Stability": A 1 In 1,516,122,879,893,320,000,000,000,000,000 Event

Earlier today, at least one economist was ridiculing the gold standard because supposedly while under one, there was "price instability", despite empirical proof by George Selgin that the Fed's mandate of 'price stability' has been a disastrous exercise in complete futility. For those who have a shorter attention span and can not be bothered with multi-page, non-bulletized presentations, here is an example of your precious centrally planned price stability: as Sean Corrigan demonstrates, the swing back and forth in the CHF trade weighted index on SNB (non)intervention in one short week is a 11.5 sigma event, or a 1 in 1,516,122,879,893,320,000,000,000,000,000 event, which without central planning price stability intervention would occur roughly once every several trillion qunitillion years. And the kicker: a quick look around today's markets is chock full of such examples. But yes, aside from the facts, the gold standard is a "joke." In the meantime, anyone who took said economist's advice and went long spam and short gold, is broke about 10 times over in the past two years...

Another Chinese Fraud? Alfred Little Believes Sinotech Energy (Nasdaq: CTE) Is Worth Between $0.00 And $0.63

After a brief lull, Alfred Little, whose track record in slaying Chinese fraudcaps is comparable to that of Muddy Waters (just recall the DEER in headlights), has released a report on what he believes is the latest Chinese publicly traded fraud: Sinotech Energy Limited (Nasdaq: CTE), where the catalyst is that its "largest customers and suppliers are likely nothing more than empty shells with little or no sales or income." Notably, this company breaks the mold of the surefire reverse merger frauds, and was actually taken public in an IPO by UBS, Citi and Lazard. Little's price target: somewhere between $0.00 and $0.63, a notable discount from the current price in the mid $3s. Below are the key highlights from the just released report as well as the full 30 page research report in its entirety.

Rent vs Buy? The Definitive Interactive Guide

With the only debate consuming the broader investing public these days (and for the past several years) being whether or not entity/bank/country X will receive a taxpayer bailout or not, some forget that there are actual fundamental, cash flow-based drivers to making economic decisions. Key among these has always been whether to rent or buy that most capital intensive purchase (for most): a residence. Courtesy of Trulia we bring you the definitive interactive guide on whether it is currently cheaper to buy or rent in various metro areas around the country. It is immediately evident that real estate in New York continues to be massively overpriced, with the option to rent the only economical one, although that will surely not prevent this year's batch of Wall Street bonus heroes from purchasing multi-million Soho lofts, especially if the Chairman decides to lend a helping hand. How about everywhere else? "Trulia looked at housing prices, foreclosure activity and job opportunities, and found that it’s cheaper to buy a home than to rent in 74% of America’s 50 largest cities." This probably means that the days of rent-based inflation are numbered as at some point the rental herd will once again resume buying. Of course, for that to happen, the Fed will have to give an indication that the current ZIRP "blue light special" well eventually end and thus inspire a sense of urgency within the consumer class. Too bad that the Fed just made sure virtually no bidside interest will exist for at least two more years, or until the previously given mid-2013 target. As such, we expect renting to continue being the dominant form of real estate procurement, which just like the farming bubble, will soon make even living in a 300 sq foot box in Midtown impossible for most.

2 PM Fin CDS Update - No Joy In TARPville

14:00 CDS update:

• MER 355/375 +25
• BAC  310/320  +25
• MS  260/275 +15
• GS 190/205   +10
• JPM 112/120 +5
• WFC 110/120  +5