hat_trick3. What you saying is that we should all be happy that GLD is being forced to liquidate their stocks as that means fewer people own paper gold and more own physical gold. Hmmmm....sounds good to me.
Gold's Sell-Off A Bad Omen For Equity Markets [View article]
You say, "fire sale by Cypress" - 1. Do we know they actually sold? 2. The amount they had was absolutely inconsequential - 15 tons. China imported 275-ish last month - I think.
And you say, "big money managers (such as Paulson and Soros) trimming their positions." 1. And what about Soros going long call options in miners? 2. And do we know if Soros took delivery from GLD coincident with his declining position?
Wall Street Breakfast: Must-Know News [View article]
Ford.....I thought we just had this deal passed where minors could get the morning after pill without parental consent - don't recall if it was "free" or not.
The Bernanke Agenda - It Isn't What You Think It Is [View article]
So Stephen, what you are saying is that Bernanke is more than happy to have the banks sit on excess reserves and have the Fed pay them an risk free 0.25% on their reserves. This way the Banks don't have to lend. Oh....wait. Wasn't the Fed's charge not only to control inflation but to promote full employment? So, had I been there in the seat of a Congressman, I would have asked Bernanke how the Fed was fulfilling the 2nd part of their mandate by having Banks sit on excess reserves vs. lending them out. Why not zero out the payment for excess reserves?
Wall Street Breakfast: Must-Know News [View article]
You mean something like this:
My daddy is sleepin' and mama ain't around Yeah daddy is sleepin' and mama ain't around We're gonna do the QE 'Til we burn the house down Come on and QE….yeah baby QE Oooh-yeah just like this Come on little missy- Let’s do the QE.
I don't disagree on government spending... I have advocated a $3 trillion plan to build 250 nuke plants, 50,000,000 electric vehicles and $1 Trillion in business development. So, beside the merits of any plan, Bernanke only put the onus on the government once (to my knowledge) last year at Jackson Hole, when he said they didn't have any more ammo and it was time for the government to step up. I guess he couldn't figure out a way to "convince" Congress what needed to be done. At the same time, he certainly never tried to "convince" the American people - who are focused on spending cuts. Now if the Fed Chief can't go to the Congress and public and convince them.....seems like he should step down.
4 Scary Charts Warning Of The Next Financial Crisis [View article]
Squeeky.....the BOJ has been printing money and selling BOJ debt to Japanese citizens. For every dollar they printed in the last 2 decades they took the same dollar from citizens who couldn't spend it in the economy. Never made sense to me.
Alex - Banks use Fed Credit to reduce their debts - remediating their balance sheets. I say again. This environment is about remediating the health of the major banking institutions of the world. They don't give a crap about "main street".
Gold Liquidation Now Accelerating [View article]
Gold Liquidation Now Accelerating [View article]
Gold Liquidation Now Accelerating [View article]
Gold's Sell-Off A Bad Omen For Equity Markets [View article]
1. Do we know they actually sold?
2. The amount they had was absolutely inconsequential - 15 tons. China imported 275-ish last month - I think.
And you say, "big money managers (such as Paulson and Soros) trimming their positions."
1. And what about Soros going long call options in miners?
2. And do we know if Soros took delivery from GLD coincident with his declining position?
The Major Bubble That Nobody Is Talking About [View article]
Wall Street Breakfast: Must-Know News [View article]
The Bernanke Agenda - It Isn't What You Think It Is [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
Wall Street Breakfast: Must-Know News [View article]
My daddy is sleepin' and mama ain't around
Yeah daddy is sleepin' and mama ain't around
We're gonna do the QE
'Til we burn the house down
Come on and QE….yeah baby QE
Oooh-yeah just like this
Come on little missy-
Let’s do the QE.
With apologies to Chubby Checker
Why Inflation Never Came [View article]
I don't disagree on government spending... I have advocated a $3 trillion plan to build 250 nuke plants, 50,000,000 electric vehicles and $1 Trillion in business development. So, beside the merits of any plan, Bernanke only put the onus on the government once (to my knowledge) last year at Jackson Hole, when he said they didn't have any more ammo and it was time for the government to step up. I guess he couldn't figure out a way to "convince" Congress what needed to be done. At the same time, he certainly never tried to "convince" the American people - who are focused on spending cuts. Now if the Fed Chief can't go to the Congress and public and convince them.....seems like he should step down.
Why Inflation Never Came [View article]
4 Scary Charts Warning Of The Next Financial Crisis [View article]
Why Inflation Never Came [View article]
Why Inflation Never Came [View article]