Monday, February 4, 2013
U.S. to sue S&P over ratings ahead of financial crisis
If the US government is going to sue Standard & Poor's for NOT doing their job in failing to downgrade mortgage-backed bonds in 2007, will the US government also sue S & P for DOING their job in downgrading US Treasury debt?
http://ca.reuters.com/article/businessNews/idCABRE9130U120130204
http://ca.reuters.com/article/businessNews/idCABRE9130U120130204
Labels:
financial crisis,
Standard and Poor's,
sue,
US
The Subsidy Addiction: Jobs Vs Foodstamps
http://www.zerohedge.com/news/2013-02-04/subsidy-addiction-jobs-vs-foodstamps
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Labels:
food stamps,
jobs,
nonfarm payrolls
Quantitative Easing and Gold Price
This quote must be examined for its content and context. The content is self-evident. The context includes knowledge that Barron's is a sister publication of the Wall Street Journal, the preeminent financial periodical. They are the voice of the status quo power structure, the bible of financial publications.
Wall Street is traditionally anti-gold. Yet, this quote.
"As long as we have unlimited quantitative easing, we have the potential for unlimited gains in the gold price." –Fred Hickey, "Stirring Things Up", Online.Barrons.com, February 2, 2013.
Wall Street is traditionally anti-gold. Yet, this quote.
"As long as we have unlimited quantitative easing, we have the potential for unlimited gains in the gold price." –Fred Hickey, "Stirring Things Up", Online.Barrons.com, February 2, 2013.
Labels:
gold price,
quantitative easing
It’s Coming: The Government Wants to “Help Manage” Retirement Accounts
The exact same thought as Michael Krieger's entered my mind when I read this article about the US government "managing" retirement accounts.
http://libertyblitzkrieg.com/2013/02/02/its-coming-the-government-wants-to-help-manage-retirement-accounts/
http://libertyblitzkrieg.com/2013/02/02/its-coming-the-government-wants-to-help-manage-retirement-accounts/
Labels:
government,
manage,
retirement accounts
Greek seamen, farmers protest against government cuts
Greece is about to enter complete chaos.
http://www.reuters.com/article/2013/02/03/us-greece-strike-idUSBRE91207O20130203
http://www.reuters.com/article/2013/02/03/us-greece-strike-idUSBRE91207O20130203
Saturday, February 2, 2013
Friday, February 1, 2013
CREDIT SUISSE: THE GOLD ERA IS COMING TO AN END
I like to give both sides of the story, so here is a bearish case for gold. Warren Buffett and his partner Charlie Munger said gold is worthless. I happen to disagree, but we need to be fair.
http://www.businessinsider.com/credit-suisse-the-beginning-of-the-end-of-the-gold-era-2013-2#us-interest-rates-fell-to-a-historic-low-level-last-year-this-represents-an-extreme-level-of-safe-haven-seeking-thanks-to-existential-concerns-about-the-essence-of
http://www.businessinsider.com/credit-suisse-the-beginning-of-the-end-of-the-gold-era-2013-2#us-interest-rates-fell-to-a-historic-low-level-last-year-this-represents-an-extreme-level-of-safe-haven-seeking-thanks-to-existential-concerns-about-the-essence-of
Labels:
coming to an end,
Credit Suisse,
gold era
QB Projects Shadow Gold Price To Be $15,000 In One Year!
Paul Brodsky's call may be early, but he certainly makes a strong case for his price target.
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/31_QB_Projects_Shadow_Gold_Price_To_Be_%2415%2C000_In_One_Year!.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/1/31_QB_Projects_Shadow_Gold_Price_To_Be_%2415%2C000_In_One_Year!.html
Labels:
gold,
Paul Brodsky,
QB
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