Russian Prime Minister Vladimir Putin’s article in the Oct. 3 Izvestia, titled “A New Integration Project for Eurasia,” received a spontaneous and hostile mass-review. In recent days, the Russian-speaking public has registered its distrust and dislike of the new policy by responding (on the Internet) to Putin’s article with a “#” sign, signifying a jail cell (as in Russian usage).
Shorting at highest level in 5 years, China facing subprime credit crisis, Occupy Wall Street spreads to London, ...
Given the sharp selloff in silver over the last few months it’s not surprising to see silver in oversold territory, but how oversold is it relative to prior corrections? To show how extreme silver’s recent oversold condition is, our silver risk indicator below shows that silver is at its second most oversold reading in the past decade, with 2008 the only exception.
The Chinese government, in an effort to maximize exports and minimize US imports, prints their Yuan to buy dollars. This prevents their currency from rising and the dollar from falling. Then it loans those same dollars back to America by buying US debt.
Last week, September 30th, the Economic Cycle Research Institute (ECRI) publicly announced that the U.S. is tipping into a recession, a call the Institute had announced to its private clients on September 21st.
Folks, you hear a lot about the eurozone crisis, but what you don't run across very often is a coherent idea on how to move forward. My friends at STRATFOR, a private intelligence company, have done us all the courtesy of saying out loud what everyone else shies away from: Eject Greece from the eurozone.
The National Association of Active Investment Managers takes a weekly poll of its members that results in a pretty good sentiment poll. Approximately 40 NAAIM member firms who are active money managers are asked each week to provide a number which represents their overall equity exposure at the market close on Wednesday.
Whether you agree or disagree with a lot of what this passionate protester says, one thing's for certain: the Occupy Wall Street movement is affecting the political process, and in a good way. Think the government is going to think twice about another taxpayer-funded bailout of TBTF banks when there's people demonstrating in the streets?
As we have recently noted in these pages, it was our expectation that the advice of the currency debasers that rule today's economic orthodoxy would once again prevail, despite the reams of both theoretical and empirical evidence arrayed against it.
The official unemployment rate is 9.1%. However, if you start counting all the people that want a job but gave up, all the people with part-time jobs that want a full-time job, all the people who dropped off...