Tag: reckoning

More China Real Estate Bubble: Ghost Mall Edition

Filed in BP, economy, Gold, Gold Prices, o by on January 14, 2011 0 Comments

In the video below, Bloomberg’s Paul Allen visits the New South China Mall in Dongguan, China, on the southeast coast of the country, roughly midway between Guangzhou and Hong Kong. Once heralded as “the largest mall in the world, bustling with customers,” the mall is now overwhelmingly desolate, just “floor upon floor of emptiness.” This More China Real Estate Bubble: Ghost Mall Edition originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Illinois is No Peter Pan

Filed in BP, democrats, economy, Gold, Gold Prices, o by on January 14, 2011 0 Comments

“I’ll never grow up, never grow up, never grow up, Not me!” – Peter Pan, Lyrics from play “I knew Peter Pan and you’re no Peter Pan.” – Vice-Presidential candidate Lloyd Bentsen, (sort of), 1988 “Top Illinois Democrats have agreed to push a plan that would temporarily boost income taxes by 75 percent and double Illinois is No Peter Pan originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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The Economic Flop that Was 2010

Filed in BP, economy, Gold, Gold Investing, o, Quantitative Easing, silver by on December 30, 2010 0 Comments

The year is almost over. Time to write the obituaries. What kind of year was it? A flop. A failure. A loser. Just like we said it would be. It was a “year that fizzled,” writes David Leonhardt in The New York Times. It was the year that the economy started to recover and then The Economic Flop that Was 2010 originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Investors to Silver: “Let’s Get Physical”

The scramble for physical gold and silver is intensifying. People increasingly want to own the real thing, and not some paper substitute, all of which comes with counterparty risk. This conclusion is apparent from the fact that the futures prices for gold and silver have moved into “backwardation.” Allow me to explain… Because gold is Investors to Silver: “Let’s Get Physical” originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Debt Delenda Est

Filed in BP, Debt, economy, euro, Gold, Gold Prices, o, recession by on November 19, 2010 0 Comments

The subject is debt; it needs to go away. Debt was the market’s bête noire, this week and last. In Europe, it snatched up the Irish and carried them off. Then it attacked the Portuguese. Everyone knew the periphery states were going broke. Their cost of borrowing soared. Then, when the search parties reached them, Debt Delenda Est originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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All Eyes On the Fed: Awaiting Bernanke’s Decision

Filed in ben bernanke, economy, Gold, Gold Prices, silver by on October 30, 2010 0 Comments

The world waits… Stocks barely budged this week. Gold bobbed around like an anchorless sailboat, adrift in a vast ocean of guesses, speculation and rumor. All eyes, meanwhile, are on US Fed Chairman Ben Bernanke, who is widely expected to announce his next round of systematic dollar debasement a few days from now – a All Eyes On the Fed: Awaiting Bernanke’s Decision originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Markets React to the Death of Néstor Kirchner

Filed in economy, Gold, Gold Prices, silver by on October 27, 2010 0 Comments

The city is deserted. Shops are closed. Cafés are empty. Parks and playgrounds stand idle, their trees and swings blowing gently in the soft spring breeze. Today is census day in Argentina, when 650,000 professional counters hit the pavement to tally up the “whats,” “whens” and “wheres” of their fellow Argentines. Folks have been ordered Markets React to the Death of Néstor Kirchner originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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The Last Americanos

Filed in economy, Gold, Gold Investing, silver by on October 11, 2010 0 Comments

A disturbing bit of news emerged on the 29th of September. Meg Whitman’s campaign for governor of California was body-checked by a damaging news report just weeks before the election. It was alleged that she had someone in her employ who had not fully complied with all the laws of this great Republic…someone who toiled The Last Americanos originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Global Food Crisis: 6.8 Billion Served…and Counting

Filed in commodities, economy, Gold, Gold Investing by on October 9, 2010 0 Comments

Paper is out; stuff is in. That’s what the markets are telling us right now. The dollar, that esoteric, floating abstraction upon which the financial world erects its sandcastle economies, plumbed a new seasonal low this week, with the dollar index flirting dangerously with its support level of 77. “Stuff,” as measured by the CRB Global Food Crisis: 6.8 Billion Served…and Counting originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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After China, the Fed’s Now the Largest Owner of US Treasuries

Just this week an inevitable milestone came to pass, the Federal Reserve surged ahead of Japan as the second largest owner in the world of US debt… second only to China. Of course, the funds used to generate that massive debt position have only been made possible through the smoke and mirrors of quantitative easing. After China, the Fed’s Now the Largest Owner of US Treasuries originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Government Workers: The New Upper Crust?

Filed in economy, Gold, Gold Investing, silver by on October 1, 2010 0 Comments

We’re on zombie watch… They’re everywhere…but especially here in the Washington metropolitan area. Zombies get their money from the government – directly or indirectly. Or some other perk…some edge…some benefit. Just open The Washington Post. Skip the international news, which is nothing but humbug and claptrap…usually having to do with Iraq, Afghanistan or Israel. Go Government Workers: The New Upper Crust? originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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Buying Gold Before the “Blow Off Phase”

Filed in economy, Gold, Gold Investing by on October 1, 2010 0 Comments

An interesting graph of “a useful road map to any secular bull market” appeared in Casey’s Daily Dispatch. It was a graph showing how investment interest in a developing bubble classically proceeds through four stages. First, there is the Stealth Phase where nobody is paying attention to the undervalued asset except for a few forward-thinkers Buying Gold Before the “Blow Off Phase” originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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