In the case of gold and silver, I think increasingly they
will be perceived as cash and increasingly they will be moving to stronger
hands.
If you look at the environment we are in, there are a lot of
similarities with 2008 where basically the financing for the exploration
companies dried up, the global liquidity shrank, asset prices collapsed but the
US dollar and US government bonds were strong. And we have a repeat here of
that situation and my sense is that industrial commodities are vulnerable and
still remain vulnerable.
When fear permeates a market, everybody sells, especially
the last ones in, frequently have to jump out. They have raised margin
requirements for both silver and gold. So that makes it more and more difficult
for people to hold on.
I barely pay attention to the price, but I know a lot of people do and that is why you have these sudden spikes up and down.
I barely pay attention to the price, but I know a lot of people do and that is why you have these sudden spikes up and down.
Check the latest Jim Rogers video interview on Reuters, "Short
Emerging Markets, Beware Of Russia"
Tickers: iShares MSCI Emerging Markets Index ETF (EEM), Market Vector Russia ETF Trust (RSX), iShares MSCI Brazil Index ETF (EWZ)
Tickers: iShares MSCI Emerging Markets Index ETF (EEM), Market Vector Russia ETF Trust (RSX), iShares MSCI Brazil Index ETF (EWZ)
m thinking about buying agriculture right now. I am not
thinking about buying base metals or gold or oil right now, but I am thinking
of buying agriculture maybe this afternoon. - in Economic Times
Tickers: ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), PowerShares DB Agriculture Fund (NYSE:DBA), Mosaic (MOS), Potash (POT), Agrium (AGU)
Tickers: ELEMENTS Rogers Intl Commodity Index - Agriculture Total Return ETN (RJA), PowerShares DB Agriculture Fund (NYSE:DBA), Mosaic (MOS), Potash (POT), Agrium (AGU)
AMO, AZO
n other words, the richest 5 percent of households obtained
roughly 82 percent of all the nation’s gains in wealth between 1983 and 2009.
Life Technology
the price is dropping
the potential is HUGE
a lot of applications
Survey participants named Brazil
and Colombia as the most
promising countries for investment opportunities over the next three years; Brazil’s rapidly expanding middle class promises
to yield tremendous growth, while Colombia’s pro-business government
is attractive to investors. Argentina
and Venezuela
were viewed as the least promising, because of the perception of unstable or
unpredictable governments.
My leading indicator for Ireland is pub sales
- Interest rates are artificially low, and as interest rates rise—which they must—bonds will fall.
- Bonds are denominated in currencies, and most currencies, let's say dollars, are going to lose a lot of value.
- The credit risk of most bonds, certainly those issued by governments, is high.
European Equity and Bond Correlation Indicates Growth Fears Highest In 40 Years
bs hard to get" category which printed at 50, up from
48.5 in August, and is now the highest number since 1983
The aim of
this article is to provide an overview of the inflation-deflation debate from an “Austrian” perspective and
to provide anexplanation for why,
contrary to the predictions of many Austrianeconomists, credit deflation is more likely than mass inflation. Federal Reserve is more likely to
pursue apolicy of “controlled deflation”
than one of mass inflation or hyperinflation
The great
Austrianeconomist Ludwig von Mises
The
creation of the Federal Reserve did not end the gold standardentirely, however, because Federal Reserve notes
(i.e., dollars) remainedredeemable for
gold
resident Roosevelt declared a bank holiday, eliminating the requirement that banks redeem Federal
Reserve notesfor gold
nder a gold
standard, a nation that consistently runs a tradedeficit will see its gold reserves dwindle
On February 4
th
, 1965, in a now famous pressconference, de Gaulle called for the reestablishment
of the classical goldstandard
15
, observing that the privilege of having the reserve
currency hadallowed the United States to
expropriate business from other nations throughthe inflation of its money supply
16
. President de Gaulle backed his words with action by demanding redemption of France’s
surplus of dollars for gold. The
drain on the US gold supply precipitated by France, and followed by other nations, culminated in President Nixon’s
executive order of August 15,1971 which
“closed the gold window”, finally and completely abrogating theconvertibility of dollars for gold
1
BAROSO
An
extra 10 % in broadband penetration would bring us between 1 and 1.5 % of extra
annual growth.
Sustainable
jobs will come if we focus on innovation and new technologies, including green
technologies. We must see that "green" and growth go together.
For
example, the renewables sector has already created 300,000 jobs in past 5 years
in the European Union. The global green technology market will triple over the next decade.
In the
year 2000, there was € 22 billion of venture capital in Europe.
In 2010 there was only € 3 billion. If we want to promote entrepreneurship we
must reverse this decline and we need that support namely for SMEs.
Right
now we need to give concrete hope to the 1 in 5 of our young people who cannot
find work. In some countries, the situation of our young people is simply
dramatic. I want to call on companies to make a special effort to provide
internships and apprenticeships for young people. These can be supported by the
European Social Fund.
Je veux une Europe
ouverte, une Europe engagée dans le monde.
à l'idée d'un Etat Palestinien qui vive en paix avec l'Etat
d'Israël, comme l'Europe le souhaite.
Nelson Mandela: "It always seems impossible, until it
is done. Let's do it.".
que je me sens blessé lorsque je vois certains, dans
d'autres parties du monde, avec un certain paternalisme à nous dire, à nous
Européens, ce que nous devons faire
The most common mortgage loan 
fraud suspicious activity was the misrepresentation of income, occupancy,
debts, or assets (about 30%). Some of the more current frauds are related to
debt elimination and short sale fraud (unfortunately attempted short sale fraud
is very common)
fraud suspicious activity was the misrepresentation of income, occupancy,
debts, or assets (about 30%). Some of the more current frauds are related to
debt elimination and short sale fraud (unfortunately attempted short sale fraud
is very common)
In the current situation, however, U.S. mortgage
rates are quite low but residential investment has not been the engine of
growth that it normally is in economic
recoveries
recoveries
the previous three recoveries, residential investment grew
over 30 percent on average in the first years of the recovery – but has
actually decreased in the first two years of this recovery. ...
he reasons behind the sell-off are numerous: risk adversity,
a scramble to realise cash to cover loss-making positions elsewhere, economic
slowdown reducing demand for industrial metals and not least another margin
hike by CME, the world’s largest futures exchange. Added to this there has been
market talk about heavy selling by Chinese investors. They have been focusing
on the strength of their domestic economies and have been caught out by the
slowdown elsewhere.
What are the risks from here? It took 18 months to reclaim a
new high during the previous two major corrections in 2006 and 2008;
f inflation falls too low or inflation expectations fall too
low, that would be something we have to respond to because we do not want
deflation," Bernanke said
Some strong housing policies to help the housing market
recovery would clearly be very useful and would allow the monetary policy
actions of the Fed ... to have more effect and to help the economy recovery
more strongly," Bernanke said.
Gold has been up 10 years in a row, which is very unusual in
any asset class. So if it is up this year or 11 years in a row, gold is overdue
for a correction and it could have a nice substantial correction given that it
has been so strong.
Gold has been up 10 years in a row, which is very unusual in
any asset class. So if it is up this year or 11 years in a row, gold is overdue
for a correction and it could have a nice substantial correction given that it
has been so strong.
Some 83% of American adults own cell phones and
three-quarters of them (73%) send and receive text messages. The Pew Research
Center’s Internet & American Life Project asked those texters in a survey
how they prefer to be contacted on their cell phone and 31% said they preferred
texts to talking on the phone, while 53% said they preferred a voice call to a
text message. Another 14% said the contact method they prefer depends on the
situation.
18 and 24 exchange an average of 109.5 messages on a normal
day. This is more than double the figure for 25 – 34 year-olds, and 23
times the figure for texters that are 65
The median income across America in 2009 for a model was
$27,330—income that includes no benefits. · he average magazine shoot pays about $100 a
day. For appearing on the cover of Vogue a model gets an additional
$300.
· Payment for walking in a Fashion Week show in
London is $500.
· The super sought-after “high-end
campaign”—for a fragrance or some other luxury good pays, on average, about
$100,000
A few hours of Ukraine may find itself in a state of technical default
The long bond, the 30-year Treasury, is the ultimate safe
haven in the world
we're having financial asset deflation, tangible asset
deflation, commodities are coming down, wages are coming down. The one that
hasn't kicked in yet is goods and services deflation. The point is that the
whole world is really marking down assets. It's marking down the whole
spectrum. I don't think goods and services are going to hold up in terms of
inflation. I think that will move to deflation fairly soon."
There are some [safe havens] in the real estate area. We
like medical office buildings. hat's because of aging populations, the new
medical health care bill, and improving technology. Also, 55% of physicians
work for hospitals. Private practices with a storefront are disappearing.
They're moving into campuses… Another one is rental apartments. People are
deciding a house is no longer a sure shot investment. Prices can and do fall.
The Chinese] are trying to cool off a red-hot economy. They're
worried about the property bubble and the high inflation rate. They are
affecting a soft landing and with their crude economic tools it's tough. Bear
in mind, the Fed, with more sophisticated tools, tried, by my reckoning, 12
times in the post World War II era to cool off the economy without
precipitating a recession. They only succeeded once. What are the chances for China?"
I think it probably is [headed back down] because the
economy here is slowing, and it's global and of course a lot of the S&P 500
companies have their earnings predominantly overseas. In that kind of
environment, we're going to see disappointing earnings. The Wall Street
analysts always optimistic, of course, crank down their numbers….If you put a
ten multiple on it, we'd be at S&P 800
We had a big sell-off but I really suspect that this is a
pause before things drop further
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