Is Greece another flash crash correction phase or a Lehman dive for stock markets?
Wall Street is remarkably slow to admit that its party is now over. But less mainstream commentators like Mike Swanson in the video below are beginning to realize that there is a serious correction in…
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Should this child really criticise the bank robbers and evil governments?
The problems of the global banking system are apparently so easy to understand that a 12-year old girl from Canada explains it in the video below. Precocious is hardly the word but then again having…
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Gold and silver still the best protection against the derivatives blow up that started with JP Morgan’s loss
The immediate reaction to the $2 billion and counting loss at JP Morgan has been a flight from risk trades and a sell-off of all financial assets, gold and silver included. However, investors ought to…
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Commodity price weakness points to lower prices for industrial equities.
On Bloomberg’s ‘Chart Attack’, Wells Fargo’s Gina Martin Adams and Adam Johnson look at the relative performance of commodities to the S&P Industrials and S&P 500. The fall off in commodity prices is almost always…
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Jim Rogers set to buy on gold weakness but not yet, bearish on commodities and short JP Morgan
Commodities king Jim Rogers was right on the gold consolidation phase and is looking to buy on further price weakness. But everything is being dumped now he says. He is shorting stocks and owns the…
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Return to old-fashioned banking will carry a high cost in low or no economic growth
The bores are back in banking. Slow moving and scelerotic institutions like the Canadian banks are being praised to the rooftops for prudence. Sure, if you never do anything or take a risk in life…
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Why the Greek euro exits means a second global financial crisis
The stakes could hardly be higher. Greece leaving the euro is no minor event that can be contained. The immediate losses to eurozone banks might look manageable but the contagion impact will not be nearly…
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Doubling of oil price in real terms in next decade favours Oil State investments
A report commissioned by the IMF has concluded that oil prices will most likely double in real terms over the next decade. To followers of Peak Oil theory that ought to be no surprise, or…
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Derivatives meltdown at JP Morgan is far from over
Bloomberg’s Stephanie Ruhle reports on Jamie Dimon’s disclosure of JPMorgan’s $2 billion trading loss, how regulations may have forced his hand in revealing the loss and that there may be further huge losses yet to…
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Silver heading down to $26 an ounce before a huge year-end rebound?
Trying to tip the direction of the most volatile of metals is a futile task and we would never advise anybody to attempt to trade the silver market. Even JP Morgan is going to get…
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Central banks losing their battle against global deflation, what is the endgame?
For the past three years global central banks have been pumping money into the economy to offset the deflationary impact of the global financial crisis. It has been a patchy success, raising equity prices and…
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Why only a moron would invest in the Facebook IPO this week
There are times in the investment world when only the stupidest investor would contemplate buying. That observation most surely applies to the Facebook IPO, most probably coming up this week.
It is not just the…
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How euro money printing is going to drive up gold and silver prices
Those investors panicking now and selling their gold and silver will feel as sick as dogs when they see what happens next to prices. For after a bleak patch lasting at most a couple of…
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Profits slump to $409m at Emirates due to record fuel bill but still well ahead of rival global airlines
Emirates Airline saw profits crash by 72 per cent to $409 million in it latest financial year, a decline almost entirely attributed to the extra $1.6 billion spent on aviation fuel. However, revenues were up…
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Marc Faber sees 1987-style stock market crash coming this autumn
Marc Faber, publisher of the Gloom, Boom & Doom report, spoke with Bloomberg TV’s Betty Liu and said that, ‘I think the market will have difficulties to move up strongly unless we have a massive…
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Why the European banks don’t fool stock analysts
A canny item on Bloomberg’s “Insight & Action” has Adam Johnson explaining European bank capitalization and why investors are not happy with it.
This helps us to understand why the report and accounts of Bankia,…
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