Archive for the 'Economics' category

Nenner Research Says Gold bottom near, Market top also near

Nenner research says: – gold is near a bottom. – markets near a top. – bonds about the turn. – grains will bottom in next few months. See interview here.

Could this be China’s Lehman Black Swan Moment?

Very interesting read about changes in how copper will be used, or not, in China. Zerohedge’s last paragraph abouts sums it up. “In brief (pun intended): a complete, unpredictable clusterfuck accompanied by wholesale liquidations of “liquid assets”, deleveraging and potentially a waterfall effect that finally bursts China’s bubble, all due to a simple black swan. [...]

Italian Bank CEO Thinks Confiscation Should Be Part Of Basel Agreement

He’s basically saying that everyone should agree to confiscation so money can’t jump from country to country. No one can say they haven’t officially been warned… See article here.

Provision In Canadian 2013 Budget For Bail-in’s

This is scary but not terribly surprising… The official 2013 Canadian budget contains an explicit provision that Canada will pursue the bail-in model for systemically important banks for future bank failures! Titled ECONOMIC ACTION PLAN 2013 From Plan 2013 Page 144: (pg 154 of pdf) “The Government also recognizes the need to manage the risks [...]

Cyprus President’s Friends Move $4.5 Billion Out Before Crisis

This is conjunction with 10,000 uber rich being left holding the bag will definitely put a price on the Cyprus presidents head but will also cause all the rich to flee Europe. Hope other European banks are ready… See link here.

Jim Sinclair Says Cyprus Could End Badly Due To Russian Money Being Taken

Sinclair says this IMF taking of up to 10% of deposits are mainly Russian deposits and could have significant impact on gold. See link here.

Bank Run In Cyprus – Government Takes Portion Of Deposits As Bailout

Innovative way to bailout banks… See link here.

Great Kyle Bass Presentation on Japan

He has some great insights, some interesting points he makes. He see’s the yen going to 250, he also thinks the best investment he’d make where you could go away and leave it for 10 yrs, is buy gold, short the yen. See presentation here.

Spooky Video On Wealth Inequity And People’s Perceptions

The sad part is the perception the average person has…

Mass Portugal Protests – Glad Europe Is Fixed

Seems there was quite a turn out of protestors of austerity in Portugal. The report below implies, anywhere from 500,000-900,000! The population is only 9.8 million, Implying 1 in 10 were on the streets… See link here.