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Bob and I talk about the last reasonable solution to what ails our nation, electing Ron Paul.
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Wednesday, December 21, 2011
Mark Faber: "I Am Convinced The Whole Derivatives Market Will Cease To Exist And Will Go To Zero"
Anyone seeking joyous holiday greetings and cheerful forecasts for the new year is advised to avoid the following most recent Mark Faber interview, in which in addition to his predictions for 2012 (led with "more printing" by the dodecatupling down central planners, and far less prosperity), we get the following: "I am convinced the whole derivatives market will cease to exit. Will become zero. And when it happens I don't know: you can postpone the problems with monetary measures for a
Presenting The Winners And Losers In The Ongoing Currency Wars
Rather than focus simply on the actual adjustments in the real effective exchange rates which shows the UK and US as having used monetary policy to devalue/weaken their currencies since the 2008 crisis really took shape, we look at an intriguing chart from Nomura's EEMEA FX research team. Google Trends shows, that in the year since Brazil's finance minister Mantega warned of a currency war's immediacy, a dramatic pickup in searches for both 'Currency Wars' and 'Recession' and we believe,
It's Official: US Debt-To-GDP Passes 100%
With precisely one year left for the world and all of its inhabitants, at least according to the Mayans, not to mention on the day of the Winter Solstice, it is only fitting that US debt, net of all settlements for all already completed bond auctions, is now at precisely $15,182,756,264,288.80. Why is this relevant? Because the latest annualized US GDP, according to the BEA, was $15,180,900,000.00. Which means that, as of today, total US debt to GDP is 100.012%. Congratulations America:
1996 UBS Redux: Who Should Have Been In The Euro?
No, it's not Friday and no, it's not a total joke, but UBS' Stephane Deo takes a retrospective look at what his firm's economists were saying back in 1996 about who should be in and who should not be a part of the Euro 'project'. Given the growth and performance of the 'ins', it seems perhaps we should, as Deo says, always pay attention to economists for a happy and prosperous existence but it is somewhat insightful that as far back as the beginning of this experiment, it was relatively
The Most Disparaged Profession
Wolf Richter www.testosteronepit.com
Congress is the ideal American institution: it spends far more than it takes in and borrows the difference. We love that. To heck with the future. It means free money, services, wars, and other goodies. At least some of us get to profit from it. And then we blow it or invest it, and lose it or make money on it. It all adds up to that glorious GDP. It’s the American dream.
Lawmakers are so efficient at it that 36% of every dollar in the
Congress is the ideal American institution: it spends far more than it takes in and borrows the difference. We love that. To heck with the future. It means free money, services, wars, and other goodies. At least some of us get to profit from it. And then we blow it or invest it, and lose it or make money on it. It all adds up to that glorious GDP. It’s the American dream.
Lawmakers are so efficient at it that 36% of every dollar in the
Ma Bell, Misunderstood: Capitalism destroys monopolies, government protects them
http://www.youtube.com/v/i8bn4F6qJ-4?version=3&f=user_uploads&app=youtube_gdata
The Peter Schiff Show - 12/20/2011
Follow me on Twitter @SchiffRadio
Friend me on Facebook.com/PeterSchiff
See the original video here:
Ma Bell, Misunderstood: Capitalism destroys monopolies, government protects
The Peter Schiff Show - 12/20/2011
Follow me on Twitter @SchiffRadio
Friend me on Facebook.com/PeterSchiff
See the original video here:
Ma Bell, Misunderstood: Capitalism destroys monopolies, government protects
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