Gold And The Potential Dollar Endgame Part 3: Backwardation And Gold

- Gold And The Potential Dollar Endgame Part 3: Backwardation And Gold (ZeroHedge, Feb 22, 2013) continue reading world news

Gold And Silver Inverse Slamdown

- Gold And Silver Inverse Slamdown (ZeroHedge, Feb 26, 2013): It would appear that someone tripped and flipped the algo switch this morning as the ubiquitous morning slamdown has morphed into a take-off. Perhaps it is no coincidence that every Muppet’s favorite banker (cough Goldman Sachs cough) opined on Gold’s coming weakness yesterday and that [...] continue reading world news

When The Federal Reserve Has To Print Money Just To Print Money

- When The Fed Has To Print Money Just To Print Money (ZeroHedge, Feb 23, 2013): While the topic of net Fed capital flows, and implicit balance sheet risk has recently gotten substantial prominence some three years after Zero Hedge first started discussing it, one open question is what happens when we cross the “D-Rate” [...] continue reading world news

The Big Dogs On Wall Street Are Starting To Get Very Nervous

- The Big Dogs On Wall Street Are Starting To Get Very Nervous (Economic Collapse, Feb 21, 2013): Why are some of the biggest names in the corporate world unloading stock like there is no tomorrow, and why are some of the most prominent investors on Wall Street loudly warning about the possibility of a [...] continue reading world news

America’s Tragic Future In One Parabolic Chart

- America’s Tragic Future In One Parabolic Chart (ZeroHedge, Feb 23, 2013): When it comes to forecasting the long-term trajectory of the US economy, things usually get very fuzzy some time after 2020 because, as even the most hardened optimists, the “impartial” Congressional Budget Office have recently admitted, America has at best 3-4 years before [...] continue reading world news

In The Strange Case Of Gold’s Regular Morning Mugging

- In The Strange Case Of Gold’s Regular Morning Mugging (ZeroHedge, Feb 20, 2013) continue reading world news

Recovery: It Takes A B.A. To Find A Job As A File Clerk

From the article: “When you get 800 résumés for every job ad, you need to weed them out somehow,”said Suzanne Manzagol, executive recruiter at Cardinal Recruiting Group, which does headhunting for administrative positions at Busch, Slipakoff & Schuh and other firms in the Atlanta area. - It Takes a B.A. to Find a Job as [...] continue reading world news

20 Signs That The U.S. Economy Is Heading For Big Trouble

- 20 Signs That The U.S. Economy Is Heading For Big Trouble In The Months Ahead (Economic Collapse, Feb 20, 2013): Is the U.S. economy about to experience a major downturn?  Unfortunately, there are a whole bunch of signs that economic activity in the United States is really slowing down right now.  Freight volumes and [...] continue reading world news

Most Americans Are Debt Slaves … While The Super-Rich Have Up To $32 Trillion In Offshore Tax Havens

- Super-Rich Hold Up To $32 Trillion In Offshore Havens: Report (Reuters, July 22, 2012): Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent [...] continue reading world news

Shanghai Gold Exchange Volume Soars To Record As India Gold Imports Surge To 18 Month High

- Shanghai Gold Exchange Volume Soars To Record As India Gold Imports Surge To 18 Month High (ZeroHedge, Feb 18, 2013) continue reading world news

Facebook Gets Multibillion-Dollar Tax Break, Pays Zero Taxes And Receives $429 Million Federal Tax Refund

- Facebook Gets a Multibillion-Dollar Tax Break (Bloomberg, Feb 15, 2013): It hasn’t drawn much attention, but Facebook’s first annual earnings report contains an accounting gem: a multibillion-dollar tax deduction for the cost of executive stock options and share awards. Even though Facebook (FB) reported $1.1 billion in pre-tax profits from U.S. operations in 2012, [...] continue reading world news

Is This Where The Secret JP Morgan London Gold Vault Is Located?

- Is This Where The Secret JP Morgan London Gold Vault Is Located? (ZeroHedge, Feb 16, 2013) continue reading world news

COLLAPSE: Youth Unemployment: Greece 61.7% – Spain 55.6% – Eurozone Over 24%

- Greek Youth Unemployment Tops 60% (ZeroHedge, Feb 14, 2013): Optimism it seems is all that matters (or is all that is allowed) as we are battered by dismal data left, right, and center. Of course, a reflection on the markets tells any ‘smart’ person that it all must get better – or why would [...] continue reading world news

Bush Was A Total Disaster … Obama Is WORSE

- Bush Was a Total Disaster … Obama Is WORSE (ZeroHedge, Feb 14, 2013): More Redistribution of Wealth to the Richest Sure, Bush made the rich richer. But Obama has actually redistributed wealth from the middle class to the very richest more than Bush. Specifically, income inequality has increased more under Obama than under Bush. [...] continue reading world news

In Case The Mainstream Media Didn’t Get The Memo, I Crush The Apple Reality Distortion Field On CNBC

- In Case The Mainstream Media Didn’t Get The Memo, I Crush The Apple Reality Distortion Field On CNBC (ZeroHedge, Feb 13, 2013) continue reading world news

U.S. Households On Foodstamps Rise To New Record

- Households On Foodstamps Rise To New Record (ZeroHedge, Feb 11, 2013): While hardly presented by the mainstream media with the same panache dedicated to the monthly ARIMA-X-12 seasonally-adjusted, climate-affected, goal-seek devised non-farm payroll data, the three month delayed Foodstamp number is according to many a far greater attestation to the “effectiveness” of the Obama [...] continue reading world news

China Eclipses U.S. As Biggest Trading Nation (Bloomberg)

See also: - China’s Surreal Economic Data: GDP Is Both CNY51.9 Trillion And CNY57.7 Trillion At The Same Time (ZeroHedge, Feb 8, 2013): … In other words, essentially every piece of economic data coming out of China is fabricated garbage. But since it is procyclical fabricated garbage it is good enough for algorithm ramp work. [...] continue reading world news

Timothy Geithner Admits: ‘I Never Had A Real Job’ (Video)

- Geithner Admits: “I Never Had A Real Job” (The Daily Bail, Feb 8, 2013): UPDATE – Geithner Joins CFR As Distinguished Fellow (CFR Press Release) For once, Turbo told the truth on a weekend talk show.  Sort of.  We could add that Geithner never paid taxes like a real taxpayer either.  Geithner’s ongoing attempt to [...] continue reading world news

French Socialist Nightmare: ‘The State Cannot Do Everything’

- French Socialist Nightmare: ‘The State Cannot Do Everything’ (Testosterone Pit, Feb 8, 2013): The preannouncement came Thursday evening: PSA Peugeot Citroën, France’s largest automaker, would have a write-down of €4.7 billion. On top of a hefty operating loss. It would be colossal. An all-time record. Rumors spread immediately that PSA would need a bailout. The [...] continue reading world news

U.S. Postal Service Reports $1.3 Billion Loss

- Postal Service Reports $1.3 Billion Loss (Wall Street Journal, Feb 8, 2013): WASHINGTON—The U.S. Postal Service on Friday reported a $1.3 billion loss for its fiscal first quarter, highlighting the agency’s financial strain even during the historically profitable holiday season and election period. The Postal Service earlier this week said it planned to eliminate [...] continue reading world news

Elite Puppet Financier George Soros Fears ‘Rebellion’, Warns ‘The Euro Could Destroy The EU’

- Soros Fears ‘Rebellion’, Warns “The Euro Could Destroy The EU” (ZeroHedge, Feb 7, 2013) continue reading world news

Student Loan Bubble Forces Yale And Pennsylvania University To Sue Their Own Students

- Student Loan Bubble Forces Yale, Penn To Sue Their Own Students (ZeroHedge, Feb 5, 2013): We have not been shy about exposing the massive (and unsustainable) bubble of credit being blown into the economy via Student Loans from the government. We have not been afraid to note the dramatic rise in delinquencies among these [...] continue reading world news

Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow

- Argentina Freezes Supermarket Prices To Halt Soaring Inflation; Chaos To Follow (ZeroHedge, Feb 5, 2013): Up until now, Argentina’s descent into a hyperinflationary basket case, with a crashing currency and loss of outside funding was relatively moderate and controlled. All this is about to change. Today, in a futile attempt to halt inflation, the [...] continue reading world news

Bankrupt, Decaying And Nearly Dead: 24 Facts About The City Of Detroit That Will Shock You

- Bankrupt, Decaying And Nearly Dead: 24 Facts About The City Of Detroit That Will Shock You (Economic Collapse, Feb 3, 2013): If you want to know what the future of America is going to be like, just look at the city of Detroit.  Once upon a time it was a symbol of everything that [...] continue reading world news

Bank Of Italy Caught Lying About Imploding Monte Paschi, Counters With Even More Ridiculous Lies

- Bank Of Italy Caught Lying About Imploding Monte Paschi, Counters With Even More Ridiculous Lies (ZeroHedge, Feb 4, 2013): One half of the reason why the “market” has finally been reacquainted with gravity is its realization that the previously reported Spanish kickback scandal, which incidentally has been known for over two weeks to most [...] continue reading world news

Former Iranian Central Bank Head Tahmasb Mazaheri Caught Smuggling $70 Million Bank Of Venezuela Check Into Germany

- Former Iranian Central Bank Head Caught Smuggling $70 Million Bank Of Venezuela Check Into Germany (ZeroHedge, Feb 3, 2013): A week ago we described the sad tale of one Mahmoud Bahmani, who until recently supervised the unilateral destruction of the Iranian Rial, which on Friday just hit an all time low against the dollar [...] continue reading world news

Time Inc. To Slash Hundreds Of Jobs

- Time Inc. to slash hundreds of jobs (The Raw Story/AFP, Jan 30, 2013): Time Inc. said Wednesday it was cutting several hundred jobs as the US publishing giant streamlines to adapt to a “multi-platform” media landscape. Laura Lang, chief executive at the media unit of Time Warner, said the group was “beginning the painful [...] continue reading world news

Italy Crashes Most In Six Months Despite EURUSD Strength

- Italy Crashes Most In Six Months Despite EURUSD Strength (ZeroHedge, Jan 30, 2013) continue reading world news