Prudent Bear Jobless Claims in U.S. Unexpectedly Climbed Last Week Debts Rise, and Go Unpaid, as Bust Erodes Home Equity U.S. Stocks Fall as Jobless Claims Data Cast Doubts on Recovery Gold Rises to Four-Week High on Haven Demand; Platinum Rebounds Crude Oil Falls a Third Day as U.S. Jobless Claims Increase Treasury 2-Year Yields Rise From Record Before 30-Year Auction “Financial operations do not lend themselves to innovation. What is recurrently so described and celebrated is, without exception, a small variation on an established design . . . The world of finance hails the invention of the wheel over and over again, often in a slightly more unstable version.” John Kenneth Galbraith, A Short History of Financial Euphoria by Doug Noland | Aug 6 The market backdrop reminds me more of 2007 each passing week. by Martin Hutchinson | Aug 9 Government intervention in the markets almost always causes more pain. by Satyajit Das | Jul 8 Nowhere to Run, Nowhere to Hide! The best course of action for Greece would be to "temporarily" (that is, for the next several hundred years) opt out of the euro and unilaterally re-denominate its debt into the "new" drachma. by Michael Pento | Jul 30 Don't Lose Sleep over Deflation In reality, we have much more to fear from inflation.Top News
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Thursday, 12 August 2010
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