Fed Tapering Scenarios: The Winners And Losers On Wednesday [View article]
My own personal view is that the Fed is stuck between a rock and a hard place. If the Fed stops/slows buying Treasuries ( not considering other bank held securities like MBS) then who will step up and buy those that are necessary for the US government to finance it's deficit. IMHO, we'll still have nearly a $1T deficit this year and the following year. If left to the market, the will demand higher rates before they part with their money.
And the next question that follows, is how does the Fed liquidate any of it's holdings, by letting them run out to maturity (where does the money come to redeem them) or by selling them (where does the money come to buy them)?
Understanding Silver Mining Costs: Analyzing Fresnillo - The Silver King [View article]
These companies/mines saw their average yield on processed ore fall from 13.0 to 8.1 ounces per tonne of ore processed over the last ieght years: Fresnillo, BHP Billiton Cannington, Pan American Silver, Polymetal, Hochshild & Hecla. Attendant to this reality is also the reality of increasing energy costs. There is a point where yields and costs can't be overcome by increased volume of processed ore.
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
Aviator - you are correct in saying "they lost nothing if they didn't sell", but don't forget that there are a number of people who are required by age to take a minimum distribution from IRA/401k. So the rules forced some people to book an real loss.
Bill Gross's Misguided Diagnosis Of America's Economic Problems [View article]
freewillybird: Per Hussman at link below:
"To see why investment activity is so important, some basic economics will be useful. So let’s do about a month of Economics 101 in about two minutes. It will be worth the effort.
First, it is an accounting identity that the total amount of saving in the economy must be equal to the total amount of real investment in the economy (even if that investment sometimes represents the accumulation of unwanted inventories).
Economists break GDP (Y) into several pieces: consumption (C), real investment (I), government spending (G), and exports (X), less imports (M). Stick with me – there’s a payoff to this: Y = C + I + G + X – M
Adding and subtracting taxes (T) and rearranging produces what’s called the “savings investment identity.” It basically says that all investment (factories, equipment, and so forth) must be funded by some form of savings. Taking the economy as a whole, output created by the economy that isn’t consumed by someone (savings) is what we call investment – even if that investment is unwanted inventory accumulation."
Wall Street Breakfast: Must-Know News [View article]
Techwonk - If the cellular company provides the metadata with a coded ID and the "data analyzer" analyzes the data and comes back with a request to have specific call information from customer xyz who called a known Afghanistan terrorist number 100 times, then I would be ok with that as long as they had a warrant.
If they want information on someone who called my grandmother in Cleveland 100 times, then as the cell phone company attorney, I would ask for them to give me a warrant. I suspect they wouldn't get a warrant in the second case vs. the first case.
It's a tough call because there is a lot of unknowns, etc. But, for example, I don't think it would be appropriate for banks to provide all transaction data (with coded ID) to the NSA. Let the law enforcement agencies develop their case without the meta data first and then ask for specifics via warrant.
If The Fed Tapers, It Risks Triggering A Stock Market Avalanche - Here's Why [View article]
If QE is the source of financing government's deficit spending, then tapering/eliminating will slow down the economy, absent another treasury buyer showing up to replace the Fed.
You are the one who blathered about shorting at $1300. So if you are not shorting, using some kind of method I asked about, then you must just be spouting. Spouting comes easy on SA - kinda line calling someone pompous. Oh well.
Wall Street Breakfast: Must-Know News [View article]
Important point in your link - nothing the like of which has been brought up in my understanding with respect to NSA -
"The study used records from nearly 15 million mobile phone users in Kenya, tracking them for one year; the cell phone company provided coded ID numbers to identify each user"
Bill Gross's Misguided Diagnosis Of America's Economic Problems [View article]
Jeeze.....I wonder what would happen to interest rates if the Fed stopped paying interest on excess reserves and stopped buying back treasuries in the market from the primary dealers. I wonder who would buy US treasuries and at what "market" rate of interest.
Yesterday I saw a billboard on the freeway advertising auto loans at the Credit Union for 2.79 %. I wonder how long those rates would be in effect if rates on 30 year treasuries were 4% or 5%?
We don't have a market today, seem like what we have today is a government led initiative to eradicate what Keynes called the "functionless investor" aka the "rentier".
Wall Street Breakfast: Must-Know News [View article]
Who puts up the capital to start a non-profit that hires hundreds of people and needs 10's of thousands of square feet of office space, millions of dollars of IT equipment, etc. Not me !
Hey wait !!! Pretty soon the IRS will have all the employees, office space and computer equipment they need to basically operate an insurance company.... oh.....that's is a single payer system.
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
Stu - don't bother. You'll notice that Mr. Wagner has only responded about 3 times in this whole article. I think he likes to stir the pot and then head for the sidelines.
Fed Tapering Scenarios: The Winners And Losers On Wednesday [View article]
And the next question that follows, is how does the Fed liquidate any of it's holdings, by letting them run out to maturity (where does the money come to redeem them) or by selling them (where does the money come to buy them)?
Understanding Silver Mining Costs: Analyzing Fresnillo - The Silver King [View article]
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
Bill Gross's Misguided Diagnosis Of America's Economic Problems [View article]
"To see why investment activity is so important, some basic economics will be useful. So let’s do about a month of Economics 101 in about two minutes. It will be worth the effort.
First, it is an accounting identity that the total amount of saving in the economy must be equal to the total amount of real investment in the economy (even if that investment sometimes represents the accumulation of unwanted inventories).
Economists break GDP (Y) into several pieces: consumption (C), real investment (I), government spending (G), and exports (X), less imports (M). Stick with me – there’s a payoff to this:
Y = C + I + G + X – M
Adding and subtracting taxes (T) and rearranging produces what’s called the “savings investment identity.” It basically says that all investment (factories, equipment, and so forth) must be funded by some form of savings. Taking the economy as a whole, output created by the economy that isn’t consumed by someone (savings) is what we call investment – even if that investment is unwanted inventory accumulation."
Hussman addresses the topic further at:
http://bit.ly/12T9P7U
It's worth the read. Hope this helps.
Wall Street Breakfast: Must-Know News [View article]
If they want information on someone who called my grandmother in Cleveland 100 times, then as the cell phone company attorney, I would ask for them to give me a warrant. I suspect they wouldn't get a warrant in the second case vs. the first case.
It's a tough call because there is a lot of unknowns, etc. But, for example, I don't think it would be appropriate for banks to provide all transaction data (with coded ID) to the NSA. Let the law enforcement agencies develop their case without the meta data first and then ask for specifics via warrant.
If The Fed Tapers, It Risks Triggering A Stock Market Avalanche - Here's Why [View article]
If The Fed Tapers, It Risks Triggering A Stock Market Avalanche - Here's Why [View article]
Gold: Time To Short [View article]
Gold: Time To Short [View article]
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
Wall Street Breakfast: Must-Know News [View article]
"The study used records from nearly 15 million mobile phone users in Kenya, tracking them for one year; the cell phone company provided coded ID numbers to identify each user"
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]
Bill Gross's Misguided Diagnosis Of America's Economic Problems [View article]
Yesterday I saw a billboard on the freeway advertising auto loans at the Credit Union for 2.79 %. I wonder how long those rates would be in effect if rates on 30 year treasuries were 4% or 5%?
We don't have a market today, seem like what we have today is a government led initiative to eradicate what Keynes called the "functionless investor" aka the "rentier".
Wall Street Breakfast: Must-Know News [View article]
Hey wait !!! Pretty soon the IRS will have all the employees, office space and computer equipment they need to basically operate an insurance company.... oh.....that's is a single payer system.
Peter Schiff Has It Totally Backwards - Gold Is Not Going 'To The Moon' [View article]