Gold (GLD -2.1%), (IAU -2.2%) sinks back below $1,400 as the bounce since mid-April is officially over. At work here, suggests RBC Capital, is the strong stock market. To participate, foreign investors sell gold, buy dollars (UUP is up big in May), and call their stockbrokers. Commerzbank notes gold ETF outflows were another 6 tons yesterday, bringing the total since early April to 230 tons. Silver (SLV -3.1%) tags along. [View news story]
Gold (GLD -2.1%), (IAU -2.2%) sinks back below $1,400 as the bounce since mid-April is officially over. At work here, suggests RBC Capital, is the strong stock market. To participate, foreign investors sell gold, buy dollars (UUP is up big in May), and call their stockbrokers. Commerzbank notes gold ETF outflows were another 6 tons yesterday, bringing the total since early April to 230 tons. Silver (SLV -3.1%) tags along. [View news story]
Let me get this straight. The Fed is helping to debase gold? lol...
Japan GDP Q1: +3.5% (annualized) vs. 2.7% expected. [View news story]
That's not nominal growth- it's real, inflation adjusted, growth. Clearly the Japanese have finally figured out a recipe to escaping their liquidity trap, and that recipe looks awfully similar to what Krugman has been calling for for 15 years.
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
Bernanke is also manipulating copper and oil and silver and iron and everything that the chinese happen to like to buy but also happen to be currently reducing their demand for. that china demand is lowering and even though they are the largest buyer, it is pure coincidence that the price is going down!
It's is clearly a BERNAnke manipulation, he is selling these commodities, reducing FED balance sheet, and un-printing dollars!! It may be true that the chinese don't want as much of these metals as previously thought, but chinese buyers are doing reverse psychology. secretly they are really thinking about maybe rubbing their hands together and slurping that stuff up!
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
clearly bernanke has withdrawn the easy money and now the dollar is screaming! all we need to do is continue putting on the monetary brakes, because bernanke has caused my dollars to be worth more and it has nothing to do with china! Right? Who care if china is the largest consumer of gold and their demand happens to be slackening! The 20% drop in gold has to do with Bernanke un-printing 20% of our fiat money, correct??
Stock index futures give up some gains as jobless claims jump to their highest level in 4 months, though the Labor Dept, says adjustment issues around Easter and spring break likely boosted the print. The 4-week moving average rises to 11.25K to 354.25K. S&P 500 +0.15%. [View news story]
The person studying the sex habits of ducks could easily make more money in the private sector than as a university researcher with government-funded research. Then why does he do academic research? To make progress in basic science. Yes, this person with elite skills analyzing data, skills for which the private sector is clamoring, uses it to help further our understanding of nature.
I'm not going to try explaining to you the value of basic science (even something as arcane sounding as animal sex), because you are a moron willing to make fun of somebody's work without even bothering to see why they study it.
California gets its first upgrade from S&P since 2006, the agency hiking the rating on the state's general-obligation bonds to A from A-. "The economic expansion is gaining positive momentum," and the approval of higher sales and income tax rates "positions the state to capitalize on burgeoning economic activity." S&P should ask Phil Mickelson about that one. [View news story]
bingo. the biggest consistent drain on the California GDP is having to foot the bill for red states.
With 1.2B consumers, a rising middle class and a market that could be worth $80B by 2021, India is exceptionally enticing for foreign retailers. However, in addition to fierce local opposition, the likes of Wal-Mart (WMT) face massive obstacles such as an entrenched system of middlemen and dilapidated infrastructure, which causes $10B of the country's produce to spoil each year. [View news story]
It's a country with so many sociopaths that they've institutionalized it in the caste system.
After Mark Hurd resigned as H-P's (HPQ) CEO in 2010, Steve Jobs told Hurd and other friends he feared H-P's board would now "send the company spiraling into chaos," according to BloombergBusinessweek. As Jobs' fears have arguably been realized, many inside H-P have accused Hurd of mortgaging H-P's future. But while some of those critiques may be valid, "they fail to capture why HP’s prospects got so much worse so quickly after Hurd left," the magazine notes The constant through it all has been chairman Ray Lane, accused at times of filling H-P's oft-criticized board with cronies. [View news story]
years of misanthropic business practices tend to lose you customers.
There are a number of important differences between the Bush-era housing bubble and today. 1) Today, housing sector debt is falling. Households are still de-leveraging. 2) Cash flows from rent didn't justify the prices of the Bush-era housing market. Today, cash flows from rent more than justify housing prices.
A preliminary review by Michigan has found that Detroit has a "serious financial problem," with reporting problems causing cash-flow projections to significantly oscillate on a monthly basis. The review could lead to the declaration of a fiscal emergency and prompt the appointment of an emergency financial manager. A municipal filing for bankruptcy protection, the biggest in U.S. history, could ultimately ensue. (previous) [View news story]
You don't understand the fine print. The tax liability of the debt is assigned to the states proportionally to their tax burden. Red states proportionally receive more spending, and proportionally pay less in taxes. The facts are simple, even if you willfully misunderstand them.
Gold (GLD -2.1%), (IAU -2.2%) sinks back below $1,400 as the bounce since mid-April is officially over. At work here, suggests RBC Capital, is the strong stock market. To participate, foreign investors sell gold, buy dollars (UUP is up big in May), and call their stockbrokers. Commerzbank notes gold ETF outflows were another 6 tons yesterday, bringing the total since early April to 230 tons. Silver (SLV -3.1%) tags along. [View news story]
Gold (GLD -2.1%), (IAU -2.2%) sinks back below $1,400 as the bounce since mid-April is officially over. At work here, suggests RBC Capital, is the strong stock market. To participate, foreign investors sell gold, buy dollars (UUP is up big in May), and call their stockbrokers. Commerzbank notes gold ETF outflows were another 6 tons yesterday, bringing the total since early April to 230 tons. Silver (SLV -3.1%) tags along. [View news story]
lol...
Japan GDP Q1: +3.5% (annualized) vs. 2.7% expected. [View news story]
Go to wikipedia and look up what real gross *domestic product* means. You and a few others seem to be confused about the concept.
Japan GDP Q1: +3.5% (annualized) vs. 2.7% expected. [View news story]
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
It's is clearly a BERNAnke manipulation, he is selling these commodities, reducing FED balance sheet, and un-printing dollars!! It may be true that the chinese don't want as much of these metals as previously thought, but chinese buyers are doing reverse psychology. secretly they are really thinking about maybe rubbing their hands together and slurping that stuff up!
"OK, so I made a bad call at the Barron's roundtable," tweets Bill Gross. "I would still buy gold here. World reflating." After a morning bounce, gold has returned to the session low at $1,388/oz. GLD -6.7%. [View news story]
Right? Who care if china is the largest consumer of gold and their demand happens to be slackening! The 20% drop in gold has to do with Bernanke un-printing 20% of our fiat money, correct??
Stock index futures give up some gains as jobless claims jump to their highest level in 4 months, though the Labor Dept, says adjustment issues around Easter and spring break likely boosted the print. The 4-week moving average rises to 11.25K to 354.25K. S&P 500 +0.15%. [View news story]
I'm not going to try explaining to you the value of basic science (even something as arcane sounding as animal sex), because you are a moron willing to make fun of somebody's work without even bothering to see why they study it.
Liberal Versus Conservative: A Tale Of Two Economies [View article]
California gets its first upgrade from S&P since 2006, the agency hiking the rating on the state's general-obligation bonds to A from A-. "The economic expansion is gaining positive momentum," and the approval of higher sales and income tax rates "positions the state to capitalize on burgeoning economic activity." S&P should ask Phil Mickelson about that one. [View news story]
Ford Motor (F): Q4 EPS of $0.31 beats by $0.05. Revenue of $36.5B beats by $3.33B. (PR) [View news story]
With 1.2B consumers, a rising middle class and a market that could be worth $80B by 2021, India is exceptionally enticing for foreign retailers. However, in addition to fierce local opposition, the likes of Wal-Mart (WMT) face massive obstacles such as an entrenched system of middlemen and dilapidated infrastructure, which causes $10B of the country's produce to spoil each year. [View news story]
After Mark Hurd resigned as H-P's (HPQ) CEO in 2010, Steve Jobs told Hurd and other friends he feared H-P's board would now "send the company spiraling into chaos," according to BloombergBusinessweek. As Jobs' fears have arguably been realized, many inside H-P have accused Hurd of mortgaging H-P's future. But while some of those critiques may be valid, "they fail to capture why HP’s prospects got so much worse so quickly after Hurd left," the magazine notes The constant through it all has been chairman Ray Lane, accused at times of filling H-P's oft-criticized board with cronies. [View news story]
Dec. Chicago PMI: 51.6 vs. 51.0 expected, 50.4 prior. [View news story]
Nov. New Home Sales: 377K vs. 375K expected, 368K prior. [View news story]
A preliminary review by Michigan has found that Detroit has a "serious financial problem," with reporting problems causing cash-flow projections to significantly oscillate on a monthly basis. The review could lead to the declaration of a fiscal emergency and prompt the appointment of an emergency financial manager. A municipal filing for bankruptcy protection, the biggest in U.S. history, could ultimately ensue. (previous) [View news story]