An interesting web site with much data and many charts, with one particular example: Gold to Oil Ratio Historical Chart
Monday, December 22. 2014
Macro Economics
NWO: New World Order
When reading about the Precious Metals, one can end up in the strangest places. One learns that the world is very interconnected. Underlying cause is not known for very visible effects.
A link to Comex Institutes Trading Collars For Precious Metals started my hop skip jump around. In simple terms, the CME expects higher volatility in the precious metals markets, particularly for gold and silver. For reasons yet unknown. The collars go in on Monday.
Derivatives and mass financial destruction talks about a worry that one or more G-SIBS (globally significant important banks) may fail. G-SIBS are counter-parties to a large fraction of $691 trillion gross nominal value in derivatives (about 9 times the global GDP). If there is instability in a major commodity market, say energy, and this instability vibrates through to other sectors via currency, credit or equity markets, insolvency may threaten G-SIBS via their lending and derivatives exposures. Various 'circuit breakers' are being enacted, with liability ultimately being transferred to government institutions. Continue reading "NWO: New World Order" »
Saturday, April 3. 2010
Market Notes - 2010/04/02
Cumberland Advisors Market Commentary indicates that there have been 8.4 million American jobs lost due to the recession, and that it may take upwards of four years to recover those jobs. That would be a recovery of about 175,000 jobs per month, every month. Continue reading "Market Notes - 2010/04/02" »
Sunday, January 17. 2010
They Who Have The Money
Sometime this last week, someone made the observation of the fact that there was a 'hidden buyer' buying a large amount of treasuries during the weekly US Treasury auctions. There was speculation it might be the Chinese operating through private proxy parties.
The US government has a problem with all the money they are spending. Some one has to loan it to them. Hence the regular treasury auctions.
A couple figures came to mind. I believe I recall seeing that the Chinese have over one trillion US dollars due to trade imbalance between the US and China. Another figure has to do do with the fact that the US government has added over a trillion dollars to their defict through recent spending.
If you put those two numbers together, and tie them together with the 'hidden buyer' observation, perhaps it could be said that the Chinese are converting their US dollar currency holdings into US Treasury holdings. That way, not only have they made money through their exports, but they make additional revenue through the yields on the treasuries purchased.
Sunday, November 2. 2008
Why The Mortgage Crisis Happened
Written by M. Jay Wells
Obama's economic narrative of the mortgage crisis ignores the
facts. He has put free-market capitalism at the root of the current
mortgage industry debacle, denying the real history of government
interference in that market.
On September 15, with banking giant Lehman Brothers filing for
bankruptcy protection, Obama was given the opening to begin weaving
his anti-capitalist storyline. And that he did. Artfully blurring
the mortgage industry crisis with generalized tax policy, Obama
declared,
"I certainly don't fault Senator McCain for these problems,
but I do fault the economic philosophy he subscribes to. It's a
philosophy we've had for the last eight years, one that says we
should give more and more to those with the most and hope that
prosperity trickles down to everyone else."
The words were carefully chosen. That day in Colorado
marked his return to the teleprompter and a strictly refocused
campaign message intent on surreptitiously fusing the mortgage
industry woes and free-market capitalism in general. Confident the
American people are primed for his socialist brand of "change,"
Obama maintained his anti-capitalist theme, "What we have seen in
the last few days is nothing less than the final verdict on an
economic philosophy that has completely failed." According to
Obama, capitalism has been "rendered . . . a colossal
failure."
His chat with a Toledo, Ohio, plumber showcases his socialist,
redistributionist ideology:
"It's not that I want to punish your success. I just want to
make sure that everybody who is behind you, that they've got a
chance for success too. . . . I think when you spread the wealth
around, it's good for everybody."
He had already said as much at an April debate where he said
his plan was to "look at raising the capital gains tax for purposes
of fairness" (after having just admitted that raising the tax would
reduce revenues!). For Obama, increased federal revenue be damned,
tax increases are nonetheless necessary for redistributionist
"fairness."
Contrary to the Obama narrative, however, it is not
free-market capitalism at the root of the current mortgage industry
crisis, but rather the very socialism Obama hawks. The historical
record makes this fact unmistakably clear.
Continue reading "Why The Mortgage Crisis Happened" »
(Page 1 of 1, totaling 5 entries)
