Jul 21

War & Markets: Less Growth, Less Certainty, More

Steen Jakobsen, chief economist and CIO at Saxo Bank, has an interesting article today on War & Marketswhich I present…

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Jul 19

Argentina “Determined to Default” Second Time

Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a…

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Jul 18

China vs. Japan Debt Capacity; Impact of Debt

Chinese Recovery On Paper Is China really growing at the reported 7.5% rate? I have frequently stated "no chance". Malinvestments in…

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Jul 17

Did Ukraine Shoot Down Passenger Plane? They Did

Moments ago a Malaysian BA 777 Passenger Jet Crashed in Ukraine. 280 passengers and 15 crew were killed. The plane…

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Jul 16

Corporate and Government Bonds: Where to From Here?

Inquiring minds are concerned about corporate and government bonds,  especially bond funds. Is a debacle in bonds on the way?…

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Jul 15

Triple Whammy for German Economy

I have a guest post this morning from Saxo Bank chief economist Steen Jakobsen regarding the slowing German economy. Steen…

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Jul 14

Reader Emails and Other Reflections On the “U.S.

Last Week I received an email from reader Eric in response to the "U.S. Corporate Tax Dodge" by Barry Ritholtz.…

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Jul 11

BIS Slams the Fed; Ridiculous Question of the

Earlier today, reader Charles asked me what I thought about an article on ZeroHedge entitled "Is The Fed Going To…

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Jul 9

Credit Guarantees, Fraud, Corruption Fuel China’s Credit Bubble;

Bankruptcies Rock Loan Guarantors In China, loan guarantors are going bust at a sharp pace. Many more bankruptcies are on…

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Jul 8

Immigration Reform Madness

Underage Immigrants Flood US From Central America Over 52,000 illegal immigrant kids and 39,000 families have been apprehended this year alone,…

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Jul 7

Premature Retail Spending Hope for France and Italy,

Markit's Eurozone Retail PMI shows Eurozone retail sales flat as declines falls in France and Italy offset German gains. The Markit…

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Jul 4

Who is Foreign Aid For? Foreigners or U.S.

Logically, one might assume that "foreign" aid is legitimate aid to foreigners. A little digging reveals the true nature of…

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Jul 3

Trends in Full-Time Employment vs. Civilian Non-Institutional Population

This month's job report showed a seasonally-adjusted declinein full-time employment of 523,000.Let's dive a little deeper and look at full-time…

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Jul 2

New Orders for Manufactured Goods Down More than

The Department of Commerce report on Manufacturer's Shipments, Inventories, and Orders released today shows new orders for manufactured goods were…

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Jul 1

Ukraine Begins Offensive Against “Parasites”; Who Really Broke

Ukraine president Petro Poroshenko vows to rid the country of "parasites" and launched a major offensive against the rebels. In doing…

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Jun 30

Last Minute Concessions and Unreasonable Demands

The EU threatens more sanctions on Russia unless Russia meets three verifiable demands. One of the demands is reasonable, the…

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Jun 29

How Much Gold Should Someone Own? Where and

Periodically I receive questions on gold ownership. How much should one own, and where? Let's start with the first question: How Much…

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Jun 28

100% of U.S. Employment Growth Since 2000 Went

The Center for Immigration Studies reports All Employment Growth Since 2000 Went to Immigrants. Actually, greater than 100% of jobs went…

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Jun 27

Another Ghost Town in China, This Time a

Malinvestment in China proceeds at a staggering pace. Technically, this growth adds to GDP, but eventually it will be written…

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