There are myriad reasons to buy physical silver. Sure, we’ve all heard how great of an investment it is, but, truth be told, there is also a moral and political argument to be made for the metal. Historically, in this country, silver was considered money by the banking establishment and government until 1873 – that [...]
Thursday, 11 October 2012 19:00
Education plays a fundamental role in American Society. This ultimate infographic from Census.gov provides the ultimate visualization of what all you tax dollars ($602.6bn on elementary and secondary education) and student loan debt (57. (Read more…)6mm people over 25 have at least a Bachelor’s degree) has created – for instance: only 7% of <34-year-olds had [...]
Thursday, 11 October 2012 18:51
Market confidence will return only when all issues and problems are on the table, not when €100 billion left or right are handed over while the table stays empty. That just moves money from the public to the private sector. … Continue reading →
Thursday, 11 October 2012 18:47
La notion de « responsabilité de protéger » est un leurre. Étayée sur un principe moral inattaquable, à savoir la protection des civils, elle devient par le fait même, incontestable. Le principe porte pourtant bien son nom, puisque sa mise en œuvre a en effet pour but de protéger.…
Thursday, 11 October 2012 17:57
With ‘private equity’ discussions sliding for one moment off the front pages, NYTimes’ DealBook notes that it appears these ‘honorable’ job-creating entities were allegedly colluding to drive down the prices of more than two dozen takeovers. During the last decade’s buyout boom, according to newly released e-mails in a civil lawsuit accusing them of collusion, [...]
Thursday, 11 October 2012 17:46
Moscow: Japan’s recent illegal moves to “purchase” China’s Diaoyu Islands show militarism is on the rise in that country, according to a Russian war veteran. Vasili Ivanov, deputy head of the Russia-China Friendship Society’s Central Office, told Xinhua that Japan’s refusal to recognize China’s sovereignty over the Diaoyu Islands, which was stipulated in post-war documents, [...]
Thursday, 11 October 2012 17:45
Isn’t this a lovely, irenic rose? It comes to you from our backyard, and it’s something for everyone to meditate on for the next couple of hours. Relax. Take deep breaths. Lose yourself in the depths of the rose. (Read more…) Relax some more. Soon, grasshopper, you will be ready for tonight’s debate.
Thursday, 11 October 2012 17:31
Much to the chagrin of Washington and Tel Aviv, a recent meeting of the so-called Non-Aligned Movement, a group formed during the Cold War that views itself as independent of the major powers, sent a clear signal to the US-Israeli cabal that they are visibly annoyed at the United States and Israel for continuing to [...]
Thursday, 11 October 2012 17:15
As we have painstakingly pointed out, rising equity markets in 2012 have mostly been a function of rising multiples applied to relatively stagnant earnings. While JPMorgan’s CIO Michael Cembalest would have given odds no better than 1 in 4 of a 17% advance in the S&P this year, he does note that forecasting annual equity [...]
Thursday, 11 October 2012 17:11
The following originally appeared on The Eyeless Owl. read more
Thursday, 11 October 2012 16:34
Those looking for info on the Fed’s now weely non-sterilized MBS purchases in the weekly H.4.1 update will be disappointed. (Read more…) The reason why the MBS line in the Fed’s balance sheet will not move higher for a while is because, unlike TSYs, the settlement period for mortgage debt is usually many weeks and [...]
Thursday, 11 October 2012 16:33
From the truly lovely Blake Curran and Anna Brodskaya – Bitcoin 2012 Documentary: As per Max’s post below.
Thursday, 11 October 2012 16:23
thscapist (Owner) Follow Rebuzz Reply 188% funded – 0% Follow Bitcoin 2012… $200 needed 16 followers
Thursday, 11 October 2012 16:22
[The U.S.] wants the ROK to take on more of its defense responsibilities. Washington hopes Seoul would gradually increase its weaponry…help strengthen the US’ anti-missile system in Asia to fulfill America’s strategic goal of containing China and Russia. [B]allistic missiles with a range of 800 km, which will cover the entire DPRK, Northeast China, Russia’s [...]
Thursday, 11 October 2012 16:13
NEW YORK — Global oil prices climbed Thursday on the back of geopolitical jitters surrounding Syria, but a rise in US inventories moderated the price gains in US trade. In New York, the main contract, WTI light sweet crude for delivery in November, rose to $92.07 a barrel, up 82 cents from Wednesday. (Read more…) [...]
Thursday, 11 October 2012 16:12
ABOARD AIR FORCE ONE — The United States urged a reluctant Russia on Thursday to engage in talks to extend a program that has helped disarm thousands of ex-Soviet nuclear warheads and missiles. Russian officials said this week that they had notified Washington that the Nunn-Lugar program, due to expire in May 2013, would not [...]
Thursday, 11 October 2012 16:11
Earlier this morning I posted a chart from John Sides showing that people didn’t perceive Mitt Romney as any more moderate after Wednesday’s debate than before. That was interesting, but sort of limited. What I was really curious about was how perceptions of Romney as a person changed. Did he seem more or less honest? [...]
Thursday, 11 October 2012 16:09
BEIRUT — The head of Lebanon’s Hezbollah boasted Thursday that his Shiite militant group sent a sophisticated unmanned drone over Israel last week, saying the device was built by the Jewish state’s archfoe Iran. Hassan Nasrallah’s acknowledgement of the drone which Israel shot down on October 6 came shortly after Israeli Prime Minister Benjamin Netanyahu [...]
Thursday, 11 October 2012 16:08
PARIS — Canadian Foreign Minister John Baird on Thursday warned against letting the situation in Mali, sliced in two since a coup and partly controlled by Islamist radicals, go the way of Afghanistan. “Terrorism is the great struggle of our generation,” said Baird after holding talks with French counterpart Laurent Fabius. “We must not allow [...]
Thursday, 11 October 2012 16:07
CAIRO — The supreme guide of the Muslim Brotherhood, from which Egypt’s President Mohamed Morsi emanated, called on Thursday for a jihad (holy war) to liberate Jerusalem from Israeli rule. “Jerusalem is Islamic … and nobody is entitled to make concessions” on the Holy City, said Sheikh Mohammed Badie in his weekly message to supporters. [...]
Thursday, 11 October 2012 16:06
WASHINGTON — Twinkling stars are not the only diamonds in the sky. Scientists Thursday reported the existence of a “diamond planet” twice the size of Earth, and eight times its mass, zooming around a nearby star. In fact, this is not the first diamond planet ever discovered, but it is the first found orbiting a [...]
Thursday, 11 October 2012 15:58
The recent trade report does not provide much support for the economic and stock market bulls. As we have stated many times – the current fundamental and economic backdrops are not supportive of higher asset prices at current levels. However, while the market may advance due to the injections of liquidity into the financial system [...]
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