"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 •10 mins | 954.10 | -21.00 | -2.15% |
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WTI Crude •10 mins | 69.86 | -1.38 | -1.94% |
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Gasoline •10 mins | 2.017 | -0.045 | -2.16% |
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Ethanol •144 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 | 73.81 | -1.36 | -1.81% | |
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Natural Gas • 10 mins | 3.409 | +0.280 | +8.95% | |
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Heating Oil • 11 mins | 2.243 | -0.032 | -1.42% |
Markets / Other
The Anatomy of a Maladjusted Economy
The bursting of the corporate debt Bubble has seen Corporate Borrowings drop to a feeble annualized $10.7 billion during the third quarter, a far cry from the $400 billion borrowed…
The Delta-Hedged Economy
The dimension of U.S. securities trading in the Caribbean continues to amaze. A total of $1.04 Trillion of agency securities traded in the Caribbean over the pasts six months, a…
Death to the 'Bubble Poppers'
And somehow the Greenspan "Teflon" Fed's perpetual ultra-easy money policies and Bubble accommodations are not held responsible for what will surely be unending revelations of widespread financial shenanigans (just wait…
Weak Links
With our view of escalating Credit problems, we see little possibility for anything other than brief respites from the "uncertainty overhang." With liquidity abundant, these respites will feed intermittent stock…
125 Basis Points Left to Sustain the Unsustainable
Profits are the driving force in Capitalistic systems. Historically, the quest for profits has revolved around business enterprise; more specifically, the goods-producing sector. It was Keynes who brilliantly differentiated between…
National Century Financial Services
While few are willing to recognize and admit the overarching problem, it really comes down to an unprecedented ballooning in non-productive debt throughout the system. Since the beginning of 1996…
Throw in a REIT Bubble
Ford debt was downgraded to triple-B by S&P today, although Ford bond spreads did narrow slightly this week. Ford’s 10-year bond yield ended the week at 9.45%. Household International hastily…
Hawking 'Financial Peace of Mind' and Other Gross Financial Excess
While stating the obvious when admitting that I am a finance geek, I find earnings reporting season absolutely the most intellectually fascinating time of each quarter. Financial institution by financial…
Juan & Maria Guzman
I'll extract one of many sickening lending abuses from the document, "Complaint #2550 Juan & Maria Guzman" Renton, WA branch. The borrowers claim that they responded to HFC (Household Finance)…
Coming Apart at the Seams
September’s 43,000 lost jobs is the first decline in payrolls since April and the most since February (and follows August’s 107,000 jobs created). Another 35,000 factory jobs disappeared last month,…
