ECB's Noyer: Europe's Situation Significantly Worsened

Senate Passes Bill Allowing Indefinite Detention of Americans ... Considers Bill Authorizing More Torture

Posted by: George Washington

Post date: 11/29/2011 - 20:53

USA, USA, USA ... Number One in ... cough ... Fascism ... cough

Foreclosure Fraud | Lender Processing Services Robo-signer Whisleblower Found Dead in Nevada

Chris Martenson Lecture On Why The Next 20 Years Will Be Marked By The Collapse Of The Exponential Function

In this video Chris Martenson, economic analyst at chrismartenson.com and author of ‘The Crash Course’, explains why he thinks that the coming 20 years are going to look completely unlike the last 20 years. In his presentation he focuses on the so-called three “Es”: Economy, Energy and Environment. He argues that at this point in time it is no longer possible to view either one of those topics separately from one another. Martenson explains how exponential growth works and why it is so scary that our economy is based on it. In an example he illustrates how unimaginably fast things speed up towards the end of an exponential curve. He shows that an exponential chart can be found in every one of the three “E’s” for instance in GDP growth, oil production, water use or species extinction. Due to the natural limitations on resources, Martenson comes to the conclusion that we are facing a serious energy crisis.

Commodity Inflation And Spare Capacity: Food For Thought

The '-flations' are as much part of the commonplace parlance for every sell-side strategist, talking-head, and gold-bug as dividend-stock, quality balance sheet, and long-time-horizon is for long-only managers. Whether deflation, stagflation, inflation, disinflation, or reflation, they all have their moments of sublime glory. Bank of America's Economics team have found some extremely timely 'inflation' signs in the food industry, where it is becoming, somewhat incredibly in this age of supposed frugality and deleveraging, cheaper to eat-out than to cook-at-home. This price disequilibrium has seen consumers respond accordingly; spending on food away from home has picked up while spending on food at home has slowed and also very notably households spending the marginal unit of 'time' working as opposed to 'eating' as economic frailties continue.

About Those "Record" Black Friday Sales...

Yup. The rumors were all true: record sales... on negative margins. Because it is not difficult to dump product when you are, well, dumping.

Presenting John Paulson's Mea Culpa For Worst Year Ever

It is a bad day for people named Paulson. We are not sure if John Paulson, who has not updated the HSBC hedge fund performance tracker through November although was quite happy to do so in October when the market could only rip higher, is more apologetic in his latest letter for the fact that his sold gold holdings to buy even more Bank of America stock, which as everyone knows is about to have a 4 handle, or because somehow his gold fund has managed to return just 1%, even as the shiny object itself has a solid 20% YTD return. Frankly we don't care; LPs in the fund, however, should... although as Paulson has repeatedly stated he has barely seen any redemption requests despite his abysmal performance, so at the end of the day it appears that everyone has gotten what they want. The bulk of the attached Paulson Q3 letter, procured courtesy of ValueWalk, says nothing of note, except to regurgitate some repeatedly stated facts about gold stocks being cheap, and to note that Martin Feldstein has joined the fund as an advisor side by side such "luminaries" as Alan Greenspan, Ed Altman and Chris Thornberg. What is notable, is that Paulson has presented investors with a company matrix of five large banks (their identities are quite simply once one looks at the fund's most recent 13F) which he believes will generates ludicrous potential returns. The last time he did this was for Bank of America. Our advice: short these with leverage.




Japanese Micro-Steps Toward The End Of An Era

Posted by : testosteronepit

Post date: 11/29/2011 - 19:45

“Japan’s economy is likely to continue to face a severe situation,” said the Governor of the BoJ. He blamed the euro crisis and the strong yen. Bland language, ugly meaning. 

Gold shares, cheapest since 2002, said to be 'coiled spring' for rally

 

 

Remember precious metals' fundamentals, Embry tells King World News

 

Bankers have seized Europe: Goldman Sachs Has Taken Over




Euro Meltdown: This One European Country Can Bring Down The Entire EU



Italy Is Closer To Collapse Than Anyone Realized, And So Is The World

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