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Markets

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Big Inflation Coming

Jan 23, 2009 at 00:00

In light of these universal falling prices, how could we not be entering a sustained deflationary period? The case may seem airtight, but I'd like to offer a contrarian view…

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Gold - Volatility 2009

Jan 23, 2009 at 00:00

After current market indecision has given away to acceptance of an inflationary future, expect to hear the popping sound of the bond market bubble bursting and currency market volatility reaching…

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Gold: Relative Performance v. Currencies

Jan 23, 2009 at 00:00

The fundamentals for gold are easiest explained by the competing forces of inflation and deflation. The ultra easy monetary policies of central bankers are today's seeds that are sowing tomorrow's…

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Silver and the Chinese

Jan 23, 2009 at 00:00

Bloomberg put out some interesting news regarding the silver market stating that refined silver output in China has peaked and it could stop growing because less will be produced as…

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Brazil: 100 is the New 75

Jan 22, 2009 at 00:00

In a surprise to the majority of forecasters, Brazil's central bank lowered its benchmark rate by a larger-than-expected 100bps on Wednesday after an official vote of 5-3 (the three voted…

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Sterling's Damage and Geithner's Dollar Policy

Jan 22, 2009 at 00:00

As French and German officials begin to express concern with the impact of the pound's rapid fall on their already sluggish economies, more swings are expected in the British currency,…

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It Is Time To Get Angry...

Jan 22, 2009 at 00:00

This week's letter will focus on banks and related financial matters. Of course, this brings us squarely back to the creation of TARP. In addition to focusing on financials, I…

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Golden Sanity Amid Fits of Fiscal Madness

Jan 22, 2009 at 00:00

And as the bust continues, gold always becomes MORE valuable as everything else turns to crap and the government starts destroying everything with fits of fiscal madness in its insatiable…

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What's Next? Another Leg Down, or a Rally?

Jan 22, 2009 at 00:00

... tracking the action of an index such as the S&P or the NASDAQ is an observation of broad-market action because you are looking at the composite action of all…

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JP Morgan, When I Say Insolvent, I Really Mean Insolvent

Jan 22, 2009 at 00:00

I have said it before, and I'll say it again - JP Morgan is insolvent! Anybody from JPM who wants to correct can simply email me via the contact form…