The much anticipated press conference between Merkel and Barroso, hence Barkel, in which nothing of any substance will be announced, has begun. Rolling headlines as we get them:
MERKEL SAYS WE NEED MORE EUROPE, NOT LESS IN EURO-ZONE (sounds familiar)
MERKEL SAYS WILL DISCUSS EUROPEAN SUPERVISIONS OF BANKS AT EU SUMMIT, BANKING SUPERVISION IS A MID-TERM GOAL
BARROSO SAYS WILL PUSH FOR BANKING UNION AT THE COMING SUMMIT
MERKEL SAYS EU NEEDS ANSWERS SOON ON POLITICAL UNION
MERKEL SAYS
Monday, June 4, 2012
When Macro Meets Micro
The battle between rising profits & low equity valuations and the major macro-economic issues facing the world just won't go away. Michael Cembalest, JPMorgan's CIO, has been underweight equities YTD and remains so as he sees the Squid (some of the worst macro-economic imbalances on record) will beat the Whale (rising corporate profits, the lowest equity valuation multiple in decades, and a 50-year high in corporate cash balances) as he sees again and again that as soon as periods of
Brussels... We Have A Problem
The following chart from Ray Dalio's Bridgewater probably explains why the words "funding gap" (or "math") will never be uttered by any Eurocrat as that would mean the jig is up. It is also quite self-explanatory: it simply presents visually all that ZH and others have been saying for years.
And to think Europe already spent €2 trillion in bailout cash achieving... nothing
See the original article here:
Brussels... We Have A
And to think Europe already spent €2 trillion in bailout cash achieving... nothing
See the original article here:
Brussels... We Have A
Banks And The "Whole Democracy Thing" In 90 Seconds Or Less
90 seconds that describes the sad reality of US banking and politics - in Dr.Seuss style prose.
"Now cabbies and crop-pickers will pick up the slack; your taxes will bring the bankers right back;
where we'll keep spreading our good news, of deregulation and free market views - 'We know what we're doing, just stop with the rules!'"
"Now we're buying both sides to do our good bidding; That whole Democracy thing? Surely You're Kidding"
See the original article
"Now cabbies and crop-pickers will pick up the slack; your taxes will bring the bankers right back;
where we'll keep spreading our good news, of deregulation and free market views - 'We know what we're doing, just stop with the rules!'"
"Now we're buying both sides to do our good bidding; That whole Democracy thing? Surely You're Kidding"
See the original article
Progressive American Think Tank Begs Bernanke To Bail Out Spain
It's one thing for liberals to demand one group of Americans pay for another group of Americans, with a third group's money of course (until it runs out), but when a progressive think tank actually has the temerity to tell Bernanke that Europe is not socialist enough, and thus needs liberal US support, that's when things just get plain old silly. Which incidentally, is precisely what the progressive brains of Mark Weisbrot and Dean Baker, co-directors of the liberal Center for Economic and
Unnatural Disasters: Jobs, Wages, And Savings
This article originally appeared on the Daily Capitalist.
The U.S. recovery appears to be tracking a similar pattern of the past three years, in which the economy gains steam during the winter only to run down in the spring and summer. But the situation this time is puzzling, given that there hasn't been a gas-price spike—prices instead have fallen--or a disaster, such as last year's Japanese earthquake and tsunami.
The above comment is from the Wall Street Journal's story on
The U.S. recovery appears to be tracking a similar pattern of the past three years, in which the economy gains steam during the winter only to run down in the spring and summer. But the situation this time is puzzling, given that there hasn't been a gas-price spike—prices instead have fallen--or a disaster, such as last year's Japanese earthquake and tsunami.
The above comment is from the Wall Street Journal's story on
Guest Post: A Central Bank Running Suicide? SNB Prints At Pace Not Seen Since EUR/CHF Parity In August 2011
Submitted by George Dorgan
A Central Bank Running Suicide? SNB Prints At Pace Not Seen Since EUR/CHF Parity In August 2011
The most recent money supply data from the Swiss National Bank (SNB) has shown increases of huge amounts. As compared with its loss of 19 bln. francs in 2010 (3% percent of the Swiss GDP), the central bank printed tremendous 17.3 bln. in the week ending in June 1st and 13 bln. in the one ending in May 25th.
These numbers were not seen since August 2011 when the
A Central Bank Running Suicide? SNB Prints At Pace Not Seen Since EUR/CHF Parity In August 2011
The most recent money supply data from the Swiss National Bank (SNB) has shown increases of huge amounts. As compared with its loss of 19 bln. francs in 2010 (3% percent of the Swiss GDP), the central bank printed tremendous 17.3 bln. in the week ending in June 1st and 13 bln. in the one ending in May 25th.
These numbers were not seen since August 2011 when the
David Morgan-Precious Metals Special Rally Report
http://www.youtube.com/v/xXx79n4XraE?version=3&f=user_uploads&app=youtube_gdata
FOLLOW DAVID ON FACEBOOK:
https://www.facebook.com/TheMorganReport
http://Silver-Investor.com
http://financialsurvivalnetwork.com/
See the original video here:
David Morgan-Precious Metals Special Rally
FOLLOW DAVID ON FACEBOOK:
https://www.facebook.com/TheMorganReport
http://Silver-Investor.com
http://financialsurvivalnetwork.com/
See the original video here:
David Morgan-Precious Metals Special Rally
Reality Bites - A Look Behind the Dismal Economic Data
http://www.youtube.com/v/f3HNIagO9a0?version=3&f=user_uploads&app=youtube_gdata
The Schiff Report (6/1/2012)
Order my new book The Real Crash at www.tinyurl.com/RealCrash
Follow me on Twitter @SchiffRadio
Friend me on Facebook.com/PeterSchiff
See the original video here:
Reality Bites - A Look Behind the Dismal Economic
The Schiff Report (6/1/2012)
Order my new book The Real Crash at www.tinyurl.com/RealCrash
Follow me on Twitter @SchiffRadio
Friend me on Facebook.com/PeterSchiff
See the original video here:
Reality Bites - A Look Behind the Dismal Economic
Robert Prechter and James Turk on inflation vs deflation
http://www.youtube.com/v/aVm-aVA-kU8?version=3&f=user_uploads&app=youtube_gdata
Robert Prechter of Elliott Wave International discusses inflation and deflation with GoldMoney's James Turk in this podcast. They also talk about GoldMoney, and the advantages of owning allocated gold stored at secure vaults.
Both men differ on the question of whether or not inflation (defined as a rising price level) or deflation (when prices fall) will be the dominant economic trend in the years
Robert Prechter of Elliott Wave International discusses inflation and deflation with GoldMoney's James Turk in this podcast. They also talk about GoldMoney, and the advantages of owning allocated gold stored at secure vaults.
Both men differ on the question of whether or not inflation (defined as a rising price level) or deflation (when prices fall) will be the dominant economic trend in the years
In gold we trust?
http://www.youtube.com/v/6GrI8rywa9s?version=3&f=user_uploads&app=youtube_gdata
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Matthew Bishop and Michael Green discuss their new book 'In Gold We Trust?' with the GoldMoney Foundation's Dominic Frisby. The three discuss what factors are driving the bull market in gold, and whether or not a return to some form of gold standard is desirable. Matthew Bishop is New York bureau chief at The Economist, while Michael
Subscribe to our newsletter at http://www.goldmoney.com/goldresearch. Matthew Bishop and Michael Green discuss their new book 'In Gold We Trust?' with the GoldMoney Foundation's Dominic Frisby. The three discuss what factors are driving the bull market in gold, and whether or not a return to some form of gold standard is desirable. Matthew Bishop is New York bureau chief at The Economist, while Michael
Europe Will Continue to Pressure Metals: Peter Hug of Kitco Metals
http://www.youtube.com/v/DBdMAbIUdxI?version=3&f=user_uploads&app=youtube_gdata
All eyes on Europe in this week's "For Pete's Sake" as Peter Hug of Kitco Metals takes us through the escalating debt crisis and conflict within the European Union. What effect will the fate of Spain, Italy and Greece have on global markets, and the metals complex in particular? What is likely to happen if Greece exits? Watch to find out! Kitco News, May 29, 2012.
See the original video
All eyes on Europe in this week's "For Pete's Sake" as Peter Hug of Kitco Metals takes us through the escalating debt crisis and conflict within the European Union. What effect will the fate of Spain, Italy and Greece have on global markets, and the metals complex in particular? What is likely to happen if Greece exits? Watch to find out! Kitco News, May 29, 2012.
See the original video
Mining Minutes Weekly Wrap-Up w/ Metanor Resources (TSXV: MTO.V - OTC: MEAOF.PK)
http://www.youtube.com/v/nDQ7iWkAwE8?version=3&f=user_uploads&app=youtube_gdata
Metanor Resources' (TSXV: MTO.V/ OTC: MEAOF.PK) Vice-President Ron Perry joins us for this week's "Mining Minutes Wrap-Up" to discuss Metanor's recent progress, and as always, reporter Alex Letourneau takes us through the week in mining news. Kitco News, May 31, 2012.
See the original video here:
Mining Minutes Weekly Wrap-Up w/ Metanor Resources (TSXV: MTO.V - OTC:
Metanor Resources' (TSXV: MTO.V/ OTC: MEAOF.PK) Vice-President Ron Perry joins us for this week's "Mining Minutes Wrap-Up" to discuss Metanor's recent progress, and as always, reporter Alex Letourneau takes us through the week in mining news. Kitco News, May 31, 2012.
See the original video here:
Mining Minutes Weekly Wrap-Up w/ Metanor Resources (TSXV: MTO.V - OTC:
Rebound in Gold Mid-Summer: Brien Lundin (New Orleans Investment Conference/ Gold Newsletter)
http://www.youtube.com/v/IowIFt63mzg?version=3&f=user_uploads&app=youtube_gdata
Brien Lundin, founder of the New Orleans Investment Conference and publisher of "Gold Newsletter", joins Kitco News to discuss the patterns he sees in the gold market, and why we can expect a rebound in gold mid-summer. For Kitco News, Daniela Cambone reports. June 4, 2012.
See the original video here:
Rebound in Gold Mid-Summer: Brien Lundin (New Orleans Investment Conference/ Gold
Brien Lundin, founder of the New Orleans Investment Conference and publisher of "Gold Newsletter", joins Kitco News to discuss the patterns he sees in the gold market, and why we can expect a rebound in gold mid-summer. For Kitco News, Daniela Cambone reports. June 4, 2012.
See the original video here:
Rebound in Gold Mid-Summer: Brien Lundin (New Orleans Investment Conference/ Gold
A Spexit? Grexit? Too Big To Bail Out! - RESET w/ Vince Lanci (FMX Connect)
http://www.youtube.com/v/tAWZx1fV88c?version=3&f=user_uploads&app=youtube_gdata
Will Spain and Greece exit the Euro? Aren't they too big to bail-out? We continue our in-depth discussion of the European debt crisis in this week's episode of "RESET" with Vince Lanci. We discuss the possible "Spexit" and "Grexit", as well as other issues at play. Stay tuned for our on-going coverage of the E.U. situation and what it means for gold markets. Kitco News, June 4, 2012.
See the original
Will Spain and Greece exit the Euro? Aren't they too big to bail-out? We continue our in-depth discussion of the European debt crisis in this week's episode of "RESET" with Vince Lanci. We discuss the possible "Spexit" and "Grexit", as well as other issues at play. Stay tuned for our on-going coverage of the E.U. situation and what it means for gold markets. Kitco News, June 4, 2012.
See the original
'Predictions & Timing' - YOUR Q's ANSWERED with Bix Weir [Category 1 of 6]
http://www.youtube.com/v/KKFYhJRIZZ0?version=3&f=user_uploads&app=youtube_gdata
June 3, 2012
Greetings friends. Here's the first installment of 'Your Questions Answered' with Bix Weir' of RoadtoRoota.com. Bix and I carefully went through all of the 150 + question submissions and did our best to group them into six different categories in order to answer as many topics as possible. Covered in this interview (1A) is the first category: 1. 'Predictions & Timing'. Part 1-B also
June 3, 2012
Greetings friends. Here's the first installment of 'Your Questions Answered' with Bix Weir' of RoadtoRoota.com. Bix and I carefully went through all of the 150 + question submissions and did our best to group them into six different categories in order to answer as many topics as possible. Covered in this interview (1A) is the first category: 1. 'Predictions & Timing'. Part 1-B also
'Silver & Gold' - YOUR Q's ANSWERED with Bix Weir [Category 2 of 6]
http://www.youtube.com/v/s67OKH1_KlM?version=3&f=user_uploads&app=youtube_gdata
June 3, 2012
Greetings friends. Here's the first installment of 'Your Questions Answered' with Bix Weir' of RoadtoRoota.com. Bix and I carefully went through all of the 150 + question submissions and did our best to group them into six different categories in order to answer as many topics as possible. Covered in this interview is the second category: 'Silver & Gold'. The remaining categories coming
June 3, 2012
Greetings friends. Here's the first installment of 'Your Questions Answered' with Bix Weir' of RoadtoRoota.com. Bix and I carefully went through all of the 150 + question submissions and did our best to group them into six different categories in order to answer as many topics as possible. Covered in this interview is the second category: 'Silver & Gold'. The remaining categories coming
John Embry Elaborates on the Counterintuitive Moves in the Gold 'Market'
Author:
Ed Steer
Yesterday in Gold and Silver
Ed_GSDMay 31, 2012 10:50am GMT
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Print
The gold price declined about ten bucks by noon Hong Kong time during their Wednesday trading session. From there, it recovered all that loss by shortly before 1:00 p.m. in London trading.Then a sell-off began that took gold down to its low of the day...$1,530.10 spot...which was around 9:40 a.m.
Ed Steer
Yesterday in Gold and Silver
Ed_GSDMay 31, 2012 10:50am GMT
The gold price declined about ten bucks by noon Hong Kong time during their Wednesday trading session. From there, it recovered all that loss by shortly before 1:00 p.m. in London trading.Then a sell-off began that took gold down to its low of the day...$1,530.10 spot...which was around 9:40 a.m.
Mocking Warren Buffett: David Einhorn Trashes Cash and Implicitly Touts Gold
Author:
Ed Steer
Yesterday in Gold and Silver
Ed_GSDJune 1, 2012 11:25am GMT
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Print
The gold price didn't do much during the Thursday trading session. Every time the price stuck its nose above the $1,570 spot price level, there was a helpful not-for-profit seller at the ready...and it was particularly noticeable at the 3:00 p.m. BST London gold fix.Gold's third attempt to break
Ed Steer
Yesterday in Gold and Silver
Ed_GSDJune 1, 2012 11:25am GMT
The gold price didn't do much during the Thursday trading session. Every time the price stuck its nose above the $1,570 spot price level, there was a helpful not-for-profit seller at the ready...and it was particularly noticeable at the 3:00 p.m. BST London gold fix.Gold's third attempt to break
Here is Why Gold is Soaring and Stocks Are Tanking: Rick Rule
Author:
Ed Steer
Yesterday in Gold and Silver
Ed_GSDJune 2, 2012 2:49pm GMT
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Print
The gold price fell and rose about ten bucks between the Far East open and the London open...and then lost that ten spot going into the jobs report release at 8:30 a.m. Eastern time...and the rest, as they say, is history. By 10:15 a.m. in New York, gold had risen over $70 from its New York
Ed Steer
Yesterday in Gold and Silver
Ed_GSDJune 2, 2012 2:49pm GMT
The gold price fell and rose about ten bucks between the Far East open and the London open...and then lost that ten spot going into the jobs report release at 8:30 a.m. Eastern time...and the rest, as they say, is history. By 10:15 a.m. in New York, gold had risen over $70 from its New York