I am not sure how high the price of gold or silver will increase but when I consider the further inevitable growth of the US and other governments’ debts, the creation of paper money in the world and especially at the low gold ownership rate in the world, I am confident that the price trend of gold is up. (But) near term I think the price could drop.
Deflation and then hyperinflation : Albert Edwards
According to the report, global consumers bought 919.8 metric tons of gold in the second quarter, a decrease of 17 percent compared to the same period in 2010, and a decline of about 5 percent from the first quarter.
- Jewelry up 6 percent
- Technology up 2 percent
- Bars up 13 percent
- Official coins down 7 percent
- ETFs down 82 percent
Municipalities Abandon S&P After Ratings Downgrade
Michigan consumer index – bad
My long-standing belief is that the Federal Reserve should never enact such asymmetric policies to protect stock market traders and investors. I believe my FOMC colleagues share this view.
housands of years ago, a Greek citizen who demonstrated disinterest in politics was labeled ‘idiotes’; it literally meant ‘private person,’ which curiously enough was a term of derision at the time.
Michelle Bachmann won the poll. Granted, she won by bribing her voters with a free Randy Travis concert, but such things don’t matter in modern democracy. In the eyes of the media, she is now the front-runner having garnered a whopping 28.6% of the 17,000 people who voted.
he Bank of England recently received a request from the Venezuelan government about transferring the 99 tons of gold Venezuela holds in the bank back to Venezuela
The environment for commercial real estate financing has been dramatically reshaped in the last few weeks. Capital is more scarce and acceptable leverage limits have decreased, which limits proceeds available to borrowers and restricts real estate values
Deutche bank
The latest round of quantitative easing is ending soon•Inflationary pressures are growing•Problems related to Federal, State and Local budgets will continue to increase•Housing prices continue to decline
entru un orizont de zece ani, o companie/ţară cu rating AAA are probabilitatea de default 0, iar una cu AA+ de 0,1%.
Lumea aici se aşteaptă ca lucrurile să se normalizeze. În general percepţia este că pericolul vine dinspre Europa. Dacă episodul Grecia se repetă cu Spania şi Italia, atunci suntem oficial în criza 2.0. Uniunea Europeană se luptă din răsputeri să evite aşa ceva. Părerea destul de unanimă este că singura metodă este un program european de tip TALF (TALF - Term Assed Backed Securities, un program de garantare a creditelor de către Trezorerie pentru a impulsiona creditarea -n.red) finanţat de nişte eurobonduri.
i au stabilit, printre altele, că vor propune partenerilor europeni crearea unui "veritabil guvern economic" al zonei euro din care vor face parte şefii de state şi de guverne din ţările membre.
Problema nu mai este de a şti dacă este nevoie de o monedă unică sau nu. Euro există şi dacă se prăbuşeşte, va rezulta o criză bancară de necontrolat. Lumea va cădea atunci într-o recesiune profundă", avertizează Soros.
hat one bank was in dire need of US dollars and ended up borrowing $500 million from the ECB
Something tells us Canadian sovereign CDS, not to mention Canadian bank CDS, are both about to go quite a bit wider...
http://www.zerohedge.com/news/hyperinflation-vs-hyperdeflation-take-your-pick
The market is now at a very simple crossroads: bonds are pricing in the hyperdeflation that the resumption of the global depression brings in, while gold is pricing in the central planning policy response to that hyperdeflation, which is nothing but print, print, print. Anyone who feels like arbing the spread on the trade (which has a very unpleasant end in either case), should go ahead and do it now.
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