Subscribe to RSSMore China Real Estate Bubble: Ghost Mall Edition
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...
Illinois is No Peter Pan
“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...
The Economic Flop that Was 2010
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...
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...
Debt Delenda Est
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...
All Eyes On the Fed: Awaiting Bernanke’s Decision
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....
Markets React to the Death of Néstor Kirchner
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...
The Last Americanos
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...
Global Food Crisis: 6.8 Billion Served…and Counting
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...
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...
Government Workers: The New Upper Crust?
We’re on zombie watch… They’re everywhere…but especially here in the Washington metropolitan area. Zombies get their money from the government –...
Buying Gold Before the “Blow Off Phase”
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...
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