Tag Archives: mish

Best of the Blogs: IMF’s Bailout Facility, Run on Gold Bank & Public Records [UPDATED]

Stacy Summary: What I’m reading while taking breaks from editing. Sorry if I have failed to h/t anyone! And let me know what you’re reading that hasn’t made it to this list.

Share this page via FacebookShare this page via Twitter
Buy Gold Online

Ireland’s 54 bil euro gamble & White House tarps TARP

Stacy Summary:  It grows more evident every day that the global economy is truly in the hands of jokers.

Share this page via FacebookShare this page via Twitter
Buy Gold Online

Mish on Nadler’s ‘Gold is not in a bull market’ Nonsense [UPDATED]

Stacy Summary:   Jon Nadler must be an adviser to Gordon Brown.   I do kind of get a kick out of reading Nadler when the price of gold is on a tear as it is during these times that he begins frothing at the mouth with rage.

The gains are “strictly a monetary phenomenon,” Greenspan said today at an investment conference in New York. Rising prices of precious metals and other commodities are “an indication of a very early stage of an endeavor to move away from paper currencies,” he said.

Share this page via FacebookShare this page via Twitter
Buy Gold Online

Tipping point in the Twilight Zone

Stacy Summary:  If we are at the tipping point as described in the first headline story, then look for statistics (as per Mish’s second headline story) to enter deeper and deeper into the Twilight Zone .  ..

HSBC forecast emerging nations will dominate world economic activity in the years ahead.

A key reason is the debt burden of the developed world. Recent policy may have stabilized financial markets in the West, says HSBC, but individuals and governments remain awash in debt. Banks no longer enjoy the funding conditions of old, and this will combine to be a drag on growth.

With home prices crashing year-over-year and both housing rents and apartment rents droping as well one might think that falling rents would be reflected in the CPI.  (Stacy – you’d be wrong)

Share this page via FacebookShare this page via Twitter
Buy Gold Online