Nov 28

Japan Household Spending Down 4%, CPI Drops to

In spite of the Yen falling 35% since 2011, Japan once again borders on deflation. Please consider Japan’s CPI falls…

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Nov 26

Thanksgiving Travel Nightmare: Over 700 Flights Canceled, Major

If you are traveling tonight or tomorrow, please take extra time. If you are traveling by plane, please check your flight…

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Nov 25

Merkel Will Blink First, Not Putin

The cold war took another twist last week when a Senior German Politician Endorsed Russian Takeover of Crimea. Former state premier…

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Nov 24

Fed “Mystified” Why Millennials Still Live at Home;

A New York Fed research paper wonders What’s Keeping Millennials at Home? Is it Debt, Jobs, or Housing? The paper says…

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Nov 23

Wrong Three Ways: Europe Not at Risk of

Statements from various high-ranking central bank officials prove they are totally clueless. For example, please consider an announcement today by European…

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Nov 22

UKIP Picks Up Second Seat Following Tory Defection,

The first one or two people doing something can hardly be called a trend. Yet, all trends start with a…

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Nov 21

Output Gap Idiocy; Shaky Accounting EU and US

Shaky Accounting EU Style Inquiring minds note that Italy Accuses Brussels of ‘Shaky’ Accounting. That's certainly not a shocking accusation. "Shaky"…

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Nov 20

China Manufacturing PMI and Output Back in Contraction

Chinese manufacturing has been wavering in and out of contraction since about mid-2011. PMI, Production, New Orders Following a 5-month stint in…

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Nov 19

Short Seller Doug Kass on Malinvestment, Permanent QE,

Aaron Task did a nice video interview of famed short seller Doug Kass on Yahoo! Finance. I am waiting to…

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Nov 18

Added To My Basket of Miners Yesterday; “I

In the wake of plunging gold, people constantly asked when I would throw in the towel. I was somewhat puzzled by…

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Nov 17

“Mystery of the Unexpected” Explained; Japan Slides Into

With two consecutive quarters of contracting Gross Domestic Product, Japan is officially back in recession. GDP shrank 1.6% annualized. Unadjusted for…

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Nov 16

Swiss Gold Referendum in Perspective

A number of readers have asked me to comment on the Swiss Gold Referendum and what it may mean for…

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Nov 15

John Major Sees 50% Chance UK Leaves EU,

Former UK Prime Minister John Major warns of Split Between UK and European Union. The split is blatantly obvious, but since…

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Nov 14

France Fesses Up: “Deficit in 2014 Much Higher

France has been in constant violation of eurozone deficit rules for years, but then again, so has nearly every other…

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Nov 13

Next Phase in Currency Wars: Yen Plunge, Yuan

The Yen currently trades about 115 to the US dollar. At the end of 2011 the Yen was about 77…

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Nov 12

Historic Hype Over Global Warming Agreement With China;

On Tuesday, China and US Struck Deal on Carbon Cuts in Push for Global Climate Pact. In a New York Times…

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Nov 11

More Blowbacks: Russia to Build 8 New Nuclear

As the US (but not Germany) threatens more sanctions to "punish" Russia, I keep wondering who is punishing whom? Is Chancellor…

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Nov 10

“Brink” of a New Cold War? Another Cold

Former Soviet Union leader Mikhail Gorbachev warned on Saturday that the Ukraine crisis had brought the world to the "Brink…

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Nov 9

Catalan Leaders Defy Madrid, Hold Independence Referendum

On Tuesday, Spain's highest court suspended the Catalan independence vote in response to a legal challenge filed by prime minister…

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