Bad news about the implementation of Obamacare seems to pop up relentlessly. So here’s some good news to balance it out. Once the exchanges get up and running, insurance companies for the first time will be offering similar products with very public prices, and in Oregon those prices vary from $169 a month to $422 [...]
Friday, 17 May 2013 09:32
On one hand we have bad Hilsenrath sending mixed messages saying the Fed may taper sooner (with good Hilsenrath chiming in days later, adding it may be later after all), depending on whether HY bonds hit 4% YTM by EOD or mid next week at the latest. On the other, even resolute Fed doves are [...]
Friday, 17 May 2013 09:09
In a day devoid of any A-grade economic data, the stop hunting GETCO USDJPY algos had no choice but to look forward to such reflexive C-grade indicators as the UMich Consumer Confidence index, where the polled “consumers” are confident if the market is up and the market is up if “consumers” are confident. Sure enough, [...]
Friday, 17 May 2013 09:00
Here is the book of thy descent, Here is the book of the Sangreal, Here begin the terrors, Here begin the miracles The History of the Grail – 12th Century, Anonymous In last month’s article, after a discussion regarding dragons and other symbols employed by ancient peoples to represent celestial objects, I wrote: “Literacy in [...]
Friday, 17 May 2013 08:49
May 15 is Nakba Day. It follows Israel’s May 14 Independence Day. This year was no exception. Clashes erupted across the West Bank and East Jerusalem. Israel confronts peaceful demonstrations violently. (Read more…) Fundamental human rights are spurned. Rogue governments operate that…
Friday, 17 May 2013 08:44
For the third year in a row (since the crisis) average pay at private companies in China surge by greater than double digits – far outstripping GDP growth. 2012 saw a 17.1% nominal rise in average wages for private companies to Yuan 28,752 per annum (still 9% after inflation) but dispersion remains high with “significant [...]
Friday, 17 May 2013 08:39
The following is based on Bloom’s latest book, The God Problem: How A Godless Cosmos Creates. read more
Friday, 17 May 2013 08:32
The San Francisco Chronicle notes that it is difficult to keep track of foreclosure rates now … let alone during the Great Depression: Foreclosure rates of the late 2000s are often compared with those of the Great Depression, which took…
Friday, 17 May 2013 08:27
Every week we are inspired by the many people throughout the country who are doing excellent work to challenge the power structure and put forward a new path for the country. The popular resistance to plutocracy, concentrated wealth and corporatism…
Friday, 17 May 2013 08:14
US companies treat UK citizens like ghosts to rip them off – @maxkeiser on.rt.com/1wsl2l — RT (@RT_com) May 17, 2013
Friday, 17 May 2013 08:09
A string of negative economic figures released this week point to continuing stagnation in the US in the midst of a worsening slump internationally. The US Labor Department reported Thursday that new claims for unemployment benefits jumped by the highest…
Friday, 17 May 2013 08:08
While unlikley to have the kind of fireworks of Holder and Issa, we suspect President Obama will be biting his nails a little at the inability to control the questions asked here as IRS ex-top-man Steve Miller faces an entirely “bipartisan” questioning into the IRS witchhunts of select political groups. Witness List Steve MillerActing [...]
Friday, 17 May 2013 08:04
Earlier today, Spain reported its first trade surplus since 1971, with exports of €20.3 billion finally surpassing imports of €19.7 billion and ending over four decades of constant trade deficits. Congratulations. That was the good news. (Read more…) The bad news is how this number came about. Because while the country will mark a GDP [...]
Friday, 17 May 2013 08:01
The Obama administration’s secret seizure of the phone records of Associated Press reporters is the latest attack on core democratic rights in the United States. Last week, the Justice Department acknowledged that it had obtained a subpoena in February of…
Friday, 17 May 2013 08:00
A taboo urge lying just below the surface of society, waiting to bubble up? Tabloid the Daily Star reports: Millions of Brits want to eat human flesh like movie cannibal Hannibal Lecter, a shock report revealed yesterday. Almost a quarter of us reckon we are “curious” to taste human meat – while 14% want a [...]
Friday, 17 May 2013 07:57
Students at the University of Essex have taken their lectures to a whole new level — 18 metres under the sea in remote Indonesia to be precise.
Friday, 17 May 2013 07:57
Skydivers show the same level of physical stress before every jump whether a first-timer or experienced jumper, say researchers.
Friday, 17 May 2013 07:44
Moments ago the USD value basket – the DXY – rose to highs not seen since July 2010. The recent 6.6% swing is at an annualized 25% rate of appreciation. The dollar appears to have now become the flight-to-safety currency, which historically has been associated with plunging risk values. However, now that the dollar strength [...]
Friday, 17 May 2013 07:02
The U.S. will now ban sales of gold by anyone to either the Iranian government or to Iranian citizens, a senior U.S. Treasury official said yesterday. (Read more…) Today’s AM fix was USD 1,376.75, EUR 1,069.15 and GBP 903.62 per ounce. Yesterday’s AM fix was USD 1,377.00, EUR 1,070.01 and GBP 904.32 per ounce. Cross [...]
Friday, 17 May 2013 07:00
To vaguely paraphrase Mike Tyson, “everyone has a plan for a socialist utopia, until they run out of toilet paper.” This is just what happened to Venezuela, where in the image vacuum left following the death of leader Hugo Chavez, things are rapidly falling apart for the oil-rich country. And just like in the US, [...]
Friday, 17 May 2013 06:31
Mine union threatens to bring South Africa to ‘standstill’ (Reuters) Russia Raises Stakes in Syria (WSJ) – as reported here yesterday Japan buys into US shale gas boom (FT) Bill Gates Retakes World’s Richest Title From Carlos Slim (BBG) – so he can afford a Tesla now? (Read more…) China Wages Rose Sharply in 2012 [...]
Friday, 17 May 2013 06:10
On Monday I posted Google Q2 2013 Update: Valuing Possibly The Most Powerful Co. In The World?, an update on Google’s valuation and target price points for my subscribers. In said piece, I illuminated the massive misunderstanding of Google’s business model. I consistently hear pundits bang on the table screaming, “But nearly all of Google’s revenue comes [...]
Recent Comments