Silver as an investment

Dollar Run Likely Over… Look Out Below!

Chris Marchese, co-author of The Silver Manifesto, a brand new book that has already become the preeminent source for all things silver. Chris discusses the global demand for the white metal, its role as a monetary asset, and why silver is poised to make big moves in the years ahead.

Read transcription…

http://www.silver-investor.com/blog/?p=3065

No Bear Market Signal Yet From Housing

financialsense.com / TOM MCCLELLAN / 03/27/2015

Before each of the really ugly bear markets of the past 30 years, there has been an important signal from housing data well ahead of time. We do not have such a signal now, and so that portends more upside in the months ahead for stock prices.

In fact, the past 3 months have seen a pretty substantial upsurge, especially in the Northeast and South regions of the USA as tracked by the Census Department. That takes the seasonally adjusted annual rate of new home sales to its highest level since February 2008. Generally speaking, seeing this home sales data make higher highs has been good news for the long-term path of stock prices. It is when the two diverge that problems start to develop.

That does not mean there is no room for worry, though. The real-time data shown above are saying that everything is wonderful for home sales. But our leading indicator for such data says that we could have problems in the months ahead.

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Finally The “Very Serious People” Get It: QE Will “Permanently Impair Living Standards For Generations To Come”

When “very serious people” (even if it is those who once ran now defunct Bear Steanrs) announce it, with a 6 year delay, they make the Financial Times.

On the other hand, when Zero Hedge said precisely this 6 years ago, it was cast as a tin-foil clad group of conspriators who see the worst in every situation.

What is “it”? This:

The long-term consequences of global QE are likely to permanently impair living standards for generations to come while creating a false illusion of reviving prosperity.

In this case, it was said this week by Guggenheim’s Chairman of Investments and Global Chief Investment Officer, Scott Minerd. We are happy that increasingly more “serious people” come to the same conclusion which we posited first a 6 years ago.

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Here is the full note:

The Monetary Illusion

As economic growth returns again to Europe and Japan, the prospect of a synchronous global expansion is taking hold. Or, then again, maybe not. In a recent research piece published by Bank of America Merrill Lynch, global economic growth, as measured in nominal U.S. dollars, is projected to decline in 2015 for the first time since 2009, the height of the financial crisis.

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From Ron Paul’s Office to the Carl Menger Center | Paul-Martin Foss

Jeff Deist and Paul-Martin Foss discuss Ron Paul’s years fighting the Federal Reserve, why Carl Menger still matters, and why the Beltway types are wrong when they want to tinker with—rather than end—the Fed.

This video was originally licensed under Creative Commons: http://creativecommons.org/licenses/by/3.0/legalcode
Link to original video: https://youtu.be/_Kwkm25Mf8s

A Tale Of Two Streets: Main Street Lagging, Wall Street Booming

Submitted by David Stockman via Contra Corner blog,

The most important number in yesterday’s GDP revisions for Q4 was $16.20 trillion. That’s the annualized constant dollar (2009 $) value of final sales during the quarter and, naturally, it was not mentioned in any of the media reports. But its important because the final sales figures strains out the noise of quarterly inventory fluctuations, and thereby provides a reasonable benchmark for where the overall economy currently stands.

In that context, the second most important number was $14.97 trillion—the real final sales number recorded for Q4 2007 on the eve of the Great Recession. As a matter of calculation, the rate of change between those two points over the last seven years is 1.1% per annum, and it embodies the tale of how main street is lagging while Wall Street is booming.

The starting point for appreciating that proposition, therefore, is to recognize that there is no point whatsoever in comparing the Q4 figure with the prior quarter—–or even with the cumulative gain since the bottom of the recession back in June 2009.  Those kinds of comparisons are the gist of the Keynesian narrative that both Wall Street and Washington assiduously peddle—-but they are designed to rationalize the status quo, not to elucidate the real condition of our national economy.

As to the standard quarter/quarter comparisons, they are just plain irrelevant and more often than not misleading. The quarterly GDP data is seasonal maladjusted, full of short-term quirks and subject to so-called benchmark revisions in the future that can wash out today’s apparent Q/Q incremental changes entirely.

For instance, the national defense spending component of GDP dropped at a 12.8% annual rate in Q4, but not because Washington has gotten around to reining in the military-industrial complex. Actually, it reflected more nearly the opposite impulse—–a timing correction for an equal and opposite surge in Q3. (more…)

CCTV: Knife-wielding robber gets tasered by police

An armed robber was tasered by UK police after he threatened two police community support officers (PCSO) with a knife. Surveillance footage was released by Wiltshire Police.

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Run as One

The start of the Run As One at FWB FL, 3-28-2015

How Do The Greeks Really Feel?

With speculation growing of a Greek pivot from The Twilight Zone to The Eurasian Zone, the following somewhat mind-numbing chart tells you all you need to know about how The Greek people feel…

 

Despite all the western propaganda…

the gap grows…

 

Chart: Goldman Sachs




Lights out! Moscow, St. Petersburg go dark for Earth Hour

The iconic Moscow Kremlin, along with the seven Stalin-era landmark high-rises – including Moscow State University – and over 20 of St. Petersburg’s main buildings and bridges were among the more than 800 buildings that switched off their lights at 8:30 p.m. local time for Earth Hour 2015. LIVE UPDATES: http://on.rt.com/ki7s50

COURTESY: RT’s RUPTLY video agency, NO RE-UPLOAD, NO REUSE – FOR LICENSING, PLEASE, CONTACT http://ruptly.tv

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Kyle Bass Warns “The Fed Is Backed Into A Corner… Equities Are My Biggest Liquidity Worry”

While Kyle Bass is usually the smartest man in the room, among this crowd he is Einstein as he carefuly explains – while sitting politely during status quo interruptions – the real state of the world “the unintended consequence of QE has been to widen the income gap,” what is behind the Potemkin Village of the stock markets, how The Fed is “backed into a corner” of raising rates against their will, and why bond yields (at the long-end) will drop further. Currency wars are net positive, as Greg Ip suggests, and will not end well, as he concludes in one section, “why haven’t all the Yen left Japan already?”

How many rich people do you know today that are poorer than they were at the peak in 06/07 (apart from Dick Fuld), I don’t think I know any.. QE has been distributive to the rich… but now that the world has started this policy it is unable to end it…

 

the next recession will be a hard one because the tools in the toolbox are not there to avert a severe downturn…”

 

“2015 will be +/-0% return in the equity markets”

 

[Re: crowded trades and liquidity] – where are the liquidity worries at the moment? Equities would be the toughest to exit.. it’s like a 5-lane highway going in and goat trail coming out… Brazil is great example”

What Tomorrow Will Bring…

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