nonedare

Gold Manipulation Redux

This paragraph is so stupid and illogical I read no further.
"If banks were attempting to manipulate the price of metal downward over the past two years, they appear to have been singularly unsuccessful. Short interest in gold futures has ranged between 1.8% of the total market (July 2008) to 31.9% (June 2009). In that time, there has been no effective correlation (<1%) between the COMEX spot price and the size of banks' short interests. To prove the theory, we'd need to see a negative correlation. That would indicate that larger short interests coincide with lower metal prices."
The shorts could have kept the price of gold from moving up as much as it "would have" which would not be shown in such a simplistic comparison as "gold went up as shorts went up, therefore no correlation."
Such lack of basic logic immediately destroys the article credibility.

Fiscal Policy: What's the Null Hypothesis?

Excellent review of the "null hypothesis.

Fiscal Policy: What's the Null Hypothesis?

Nonsense! Keynes is nonsense and has no place in a free country. Austrian economics is a more logical way to approach the topic in America unless you are one of the Insiders who have a stake in the lies and theft behind deliberate inflation, deficit spending, and politicians who sell their votes for "pork."

Why are Banks Playing Hardball with Chrysler?

The banks caused this and were saved with no strings attached thanks to our congress. Congress put the taxpayers at risk to the benefit of the banks. The market continues to work even in this warped jungle as everyone (except the taxpayers) looks after his own interest.

We, the taxpayers, WILL HAVE OUR DAY! Revolution!