Once you realize the only two paths left both end at the same destination, then the only rational action is to move your cash out of euros and the doomed banks, and liquidate your euro-denominated assets into some other currency as fast and as furiously as possible.
  |
 |
 |
Stacy Summary: Good morning! It’s Sunday headline time . . . skip to the last headline if you’re only looking to read the funnies.
|
|
|
Here is the money supply chart via ShadowStats showing deflation:
ShadowStats’ note on above chart: A downward slope in this growth curve does not necessarily mean that the money supply is dropping. Only if the curve goes below zero does that show money supply having contracted over a full twelve months.
Here is the Consumer Price Inflation chart (ShadowStats’ real CPI line is the blue one); as you can see that is well over 5%:
|
|
|
Stacy Summary: I do laugh when shriekers and employees of the House of Saud drop by, “stick to finance, babe, don’t write about climate change.” As if the two can be separated.
High temperatures, which rose to a record 37.4 Celsius (99 Fahrenheit) yesterday in Moscow, have damaged 32 percent of land under cultivation and forced Russia to declare states of emergency in 23 regions. Grain prices may double this year because of the drought, according to the Grain Producers’ Union.
Inflation may quicken to 8.1 percent by the end of December, compared with the government’s annual forecast of 6 percent, according to Yaroslav Lissovolik, Deutsche Bank AG’s head of research in Moscow. That will put pressure on Bank Rossii to raise its benchmark rate by year-end for the first time since December 2008, said Natalia Orlova, Moscow-based chief economist at Alfa Bank.
Higher rates “may cause a correction in short-term sovereign bonds and, later, in long-term sovereign bonds,” said Evgeniy Nadorshin, senior economist at Trust Investment Bank in Moscow.
Peat fires cover Moscow in smoke (photo from Nasa)
|
|
|
Richard Bluestein in now on board to direct/edit this project. The format is for each economist to answer 10 questions supporting their thesis. These will then be cut together into a mashup and posted to YouTube.
Both Steve Keen and Peter Schiff have agreed to participate in this. A bit of a delay – for the next two weeks, Peter is focusing on his senatorial campaign (if you live in CT. I suggest you vote for him).
PirateMyfilm: “Inflationist v. Deflationist - Peter Schiff v. Steve Keen” (EDUEL)
Note: The project is over-subscribed by over 250%. If you can’t reserve shares in this project, you might want to consider Richard’s other PMF project: “The Chicago Way” (CHICA)
|
|
|
Posted in Headlines
Tagged deflation, inflation, peter schiff, richard bluestein, steve keen
It is my thesis that the inflation, deflation debate is flawed because we no longer have reliable price signals. The overwhelming domination of program trading on various exchanges has fundamentally changed the way prices are created and represented in the economy. All ‘efficient market’ theories are dead. Continue reading
|
|
|
Posted in Max Keiser Blog
Tagged deflation, gold, hft, inflation, max keiser, nyse, price discovery
Stacy Summary: Surprise! Here is the additional material we shot with Janet Tavakoli. Lots of interesting stuff here. Enjoy!
(For those who missed the first half, here is the On the Edge episode from 02 October)
|
|
|
Posted in Max Keiser Video, On the Edge
Tagged deflation, gold, inflation, janet tavakoli, max keiser, over the edge, us dollar
Stacy Summary: In case you are bored or just curious this Sunday afternoon, I recommend the following inflation/deflation debate held by FinancialSense Newshour. It’s the third hour, listen to both the inflation/deflation debate and then the next segment with Marc Faber. By the way, my own organic fresh produce bill has gone down over 10% (and up to 20% on some items) in the past two or three months. After you listen to it, your comments below!
|
|
|
Stacy Summary: Max and Stacy for Truth About Markets London. And Revolution Broadcasting in the US.
For more download and listening options, visit Archive dot org
|
|
|
Posted in Max Keiser Audio, The Truth About Markets London
Tagged deflation, imf gold, inflation, resonancefm, specflation
Stacy Summary: This is really too funny and sad at the same time. Let the market decide. It’s all seeing and all knowing. It’s the Wizard of Oz! What do you think? Will people finally realize that there is no free market in the US? And would they even know how to do anything about it? I’d like to know who gets the insider privilege to place these trades on behalf of Geithner/Bernanke?
Updates:
|
|
|
Posted in Headlines
Tagged bank of england, donald trump, golden coffin, inflation, market manipulation
Rick Ackerman
King World News Mish Karl Denninger – Market Ticker Michael Hudson ZeroHedge The Big Picture![[Most Recent Quotes from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/platinum/t24_pt_en_usoz_2.gif)
Most recent: 
