Monthly Archives: April 2012
The former manager of Clark County Nevada has written a book Rethinking Public Sector Compensation, which chronicles the ills that thousands of municipalities across the country now find themselves in….
Andy Hoffman is here for his Monday Rant. Seems the worldwide economy is sinking faster than the standard of living of the average American worker. There’s nothing else to blame but the collapsing doll…
from King World News
With continued volatility in global markets, the Godfather of newsletter writers, Richard Russell, had some very interesting charts and warnings in his latest commentary. Here is what Russell had to say: “I woke up this morning with the distinct feeling that a chapter of the world had come to an end. […]
by Charles Hugh Smith Of Two Minds
A sound system of credit is built on collateral. A doomed system of debt sits precariously on phantom collateral.
The global “recovery” is based not on reducing debt but on increasing it. Nice, but where’s the collateral? The basic idea of debt is that credit is extended based […]
by Graham Summers Gains Pains Capital
In a previous article I began delving into the toxic sewer that is the Spanish banking system. At the root of the problem is the previously unregulated Spanish cajas or regional/ local banks which own as much as 56% of all Spanish mortgages.
To give you an idea of […]
by Dan Norcini Trader Dan Norcini
Isn’t it amazing that some are so ready to call for an end to the bull market in gold. From a monthly chart perspective, there is nothing to indicate such an occurrence.
In 2008, the CLOSING MONTHLY GOLD PRICE dropped 26.5% from its best to worst level before it […]
from Zero Hedge
The topsy-turvy world of Chinese macroeconomic data continues to provide the Schrodinger-prone unreality that we have come to expect in this keep-’em-guessing Central Bank-driven fiat-fest we are experiencing. For 9 of the last 10 months, HSBC’s China Manufacturing PMI has been in a contraction (sub-50) regime, while China’s own Manufacturing PMI saw […]
by Aziz Azizonomics
The entire economics world is abuzz about the intriguing smackdown between Paul Krugman and Ron Paul on Bloomberg. The Guardian summarises:
Ron Paul said it’s pretentious for anyone to think they know what inflation should be and what the ideal level for the money supply is. Paul Krugman replied […]
from The Economic Collapse Blog
At a time when America desperately needs to come together, we are becoming more divided than ever. The mainstream media and most of our politicians love to pit us against one another in dozens of different ways, and right now class warfare has become one of their favorite tools for […]
from End of the American Dream
Do you ever get the feeling that the mainstream media is feeding you a very watered-down and twisted version of the news? Do you ever get the feeling that the federal government does not believe that the American people can actually be trusted with the truth? It is exasperating […]