"No warning can save people determined to grow suddenly rich" - Lord Overstone
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Gold •144 days | 2,368.70 | +35.30 | +1.51% |
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Platinum •15 mins | 947.60 | -27.50 | -2.82% |
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WTI Crude •10 mins | 69.20 | -2.04 | -2.86% |
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Gasoline •10 mins | 2.003 | -0.058 | -2.83% |
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Ethanol •145 days | 2.161 | +0.000 | +0.00% |
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Silver •144 days | 30.82 | +1.16 | +3.92% |
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Silver • 144 days | 30.82 | +1.16 | +3.92% | |
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Copper • 144 days | 4.530 | +0.111 | +2.51% | |
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Brent Crude • 10 mins | 73.27 | -1.90 | -2.53% | |
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Natural Gas • 10 mins | 3.402 | +0.273 | +8.72% | |
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Heating Oil • 10 mins | 2.235 | -0.040 | -1.78% |
Markets / Other
Reliquefication
The bottom line is that unprecedented mortgage Credit growth runs unabated, with it likely that the first quarter will post another period of double-digit household debt growth (on top of…
Firing on Most Cylinders
It is again earnings season, providing our best opportunity to analyze the behavior of the nation’s leading financial institutions. Are the lenders, financial insurers, and "risk players" becoming, at the…
The Reasons
The very essence of a gold standard is to harness money and Credit creation, thus tempering destabilizing excess. A sober Credit system specifically does not incite the type of wild…
Reflation Watch or The Necessity of Diligent Observation
The bottom line is that the Credit system remains extraordinarily over-liquefied, with investors and the momentous speculating community chasing performance and desperate for yield. The Mortgage Finance Bubble inflationary "blow-off"…
Off Topic
Looking back, HSBC's acquisition (bailout) of troubled Household International this past October was a seminal event with respect to tranquilizing acute financial fragility. Recently the market witnessed faltering subprime auto…
Contemplating the Dynamically Hedged Economy
Then there is the truly massive Leveraged Speculating Community that will respond aggressively to any meaningful market move, either increasing bets (responding to faltering markets along with expectations of heightened…
Climbing the Wall of Water
That derivative growth runs unabated (accelerating?) is the striking feature of this data. Yet this is perfectly consistent with our view that the overriding role played by derivatives is to…
Cheesecake Dependency
Let’s not loose sight of the reality of the situation: The Heart of the matter is the quality of financial sector assets. Is this vital organ healthy, properly regulating the…
Key Inflationary Manifestations
Keeping in mind our theme that economic imbalances are today a Key Credit Inflation Manifestation, we discern only greater regional disparities going forward. The Chicago Purchasing Manager index came in…
Fiat Money and Credit Inflation in America
Money and Credit Inflation is, all the while, seductive, misunderstood, too easily misinterpreted, and held as seemingly to the great betterment of many and the benefit of most. Importantly, the…
