This Week's Initial Jobless Claims Report May Have Killed Any Possibility Of...
Earlier this week I calculated what initial jobless claims were likely to have been ex-Sandy. I can now calculate that number for the week ending December 1. NY and NJ together were 60,888 of a total...
View ArticleFour Drivers, Little Movement
With few exceptions, the global capital markets which began the week with a bang, are finishing with a whimper. The US dollar is little changed against the major and emerging market currencies....
View ArticleState Street Plans To Revive Russell Indexes, Fidelity Files For Active ETF
Major equity indexes have been grinding higher all week on hopes that policymakers in Washington D.C. will agree to steer in the same direction before we drive off the “fiscal cliff.” The Federal...
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Germany’s Favorite Rabble-Rouser Economist Lashes Out
Hans-Werner Sinn, President of the German Ifo Institute that issues the closely watched Business Climate Index, is a thorn in the side of bailout politicians and eurocrats.When asked in an interview,...
View ArticleThe Best Time To Buy Gold, Is…
If we lived in India or China the holiday season would be filled with gold purchases.Here in the U.S. we’re not as apt to deliver gold for Christmas as we are a new video game or iproduct.There is...
View ArticleEUR/USD Dec. 14 Eurogroup releases bailout funds to Greece
EUR/USD is showing some volatility in Friday’s European session, and has fallen below the 1.31 level. The euro has still posted an impressive rally this week, having gained close to two cents against...
View ArticleSEC Ruling: Active ETFs Now Allowed To Use Derivatives
Though exchange-traded funds have without question revolutionized and democratized Wall Street by allowing average investors to gain cheap and easy access to nearly every corner of the investable...
View ArticleForex: Euro Struggles On Deepening Recession- ECB Rate Cut On Horizon
The Euro is struggling to hold its ground on Friday amid the slew of dismal data coming out of the region, and the single currency remains poised to face additional headwinds over the remainder of the...
View ArticleThe State is Doomed…and Other Reasons to be Optimistic
The last few times I was invited here to speak, I talked about anarchy…the trend toward mass, geo-political decentralization, currency collapse, sovereign defaults…and the end of the global economic...
View ArticleGold and Silver Outlook for December 14
The prices of gold and silver changed direction again and this time tumbled down. It seems the recent FOMC decision didn't help rally precious metals prices. Yesterday, several U.S reports came out:...
View ArticleEurope: The Vision Thing
The euro has been the strongest currency this week. At pixel time it is up about 1.2%. The Dow Jones Stoxx 600 made new 18-month highs earlier in the week before consolidating in the second half of...
View ArticleThe Queen of England Asks Economists – ‘Why Did Nobody Notice?’
Today’s AM fix was USD 1,696.50, EUR 1,297.32 and GBP 1,051.38 per ounce. Yesterday’s AM fix was USD 1,694.75, EUR 1,299.16 and GBP 1,051.46 per ounce.Silver is trading at $32.58/oz, €24.99/oz and...
View ArticleThe Market Rally Is Based On Some Pretty Shaky Assumptions
The stock market has been kept afloat only by an expansive Fed and the widespread expectation that the administration and congress would have the sense never to let the nation actually go over the...
View ArticleRaising The Medicare Availbility Age Will Cost Lives, But...
Naked Capitalism featured a piece today by Matt Stoller (Link). The not so surprising conclusion by Matt was that moving the age for Medicare availability from 65 to 67 will actually cost some lives....
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A Warning For Gold From Inflation, The Dollar, and Mining Stocks!
Historically gold has been seen as a safe haven in times of rising inflation. No surprise then that it’s been in a long and impressive bull market since 2002, when a string of significant events began...
View ArticleWeekly Eurozone Watch – Greece Bond Yields Plunge
Key Data PointsGerman 10-year Bund 5 bps higher; France 4 bps tighter to the Bund; Ireland 3 bps wider; Italy 3 bps wider; Spain 12 bps tighter; Portugal 52 bp tighter; Greece 149 bps tighter; Large...
View ArticleDaily ETF Roundup: Stocks Erase Weekly Gains Despite Positive Economic Data
Markets were in for some thin trading today as investors remained cautious ahead of yet another weekend of fiscal cliff negotiations. Yesterday, President Obama and Republican House Speaker John...
View ArticleWeekend Lecture Series: George Soros, Crisis of Economics
Great stuff. George Soros at the Festival of Economics in Trento, Italy. The lecture was given on June 2, 2012.The upshot? Economics is not physics.…I am not well qualified to criticize the theory...
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The Markets Are No Longer Sending Useful Price Signals
Okay, the Fed's recent decision to boost its monetary stimulus (a.k.a. "money printing,""quantitative easing," or simply "QE") by another $45 billion a month to a combined $85 billion per month...
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The Main Deflationary Event Is Underway
Some of our readers have been wondering why we spend so much time covering the situation in Europe. The relevance of the European situation is not perhaps immediately obvious to those geographically...
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