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US Posts Monthly Budget Surplus!

May 11, 2012 By Leave a Comment

Good day. What a quick week! Next week, I’ll be in Las Vegas — not my kind of city, but it is what it is, and I’ll be there to speak on two different days, so if you’re in the area, drop by. The MoneyShow is free!

That little mini-rally, which a handful of currencies saw yesterday, faded overnight, and those currencies are all back to the levels of Wednesday. UGH! The handful, in case you were wondering, included the Australian dollar (AUD), euro (EUR), Brazilian real (BRL), Norwegian krone (NOK), Swedish krona (SEK), Singapore dollar (SGD) and a couple of others.

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US Posts Monthly Budget Surplus!

May 11, 2012 By Leave a Comment

Good day. What a quick week! Next week, I’ll be in Las Vegas — not my kind of city, but it is what it is, and I’ll be there to speak on two different days, so if you’re in the area, drop by. The MoneyShow is free!

That little mini-rally, which a handful of currencies saw yesterday, faded overnight, and those currencies are all back to the levels of Wednesday. UGH! The handful, in case you were wondering, included the Australian dollar (AUD), euro (EUR), Brazilian real (BRL), Norwegian krone (NOK), Swedish krona (SEK), Singapore dollar (SGD) and a couple of others.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , , , , ,

Elections Throw Euro Under a Bus

May 8, 2012 By Leave a Comment

Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , , ,

Elections Throw Euro Under a Bus

May 8, 2012 By Leave a Comment

Last Friday, I sent you into the weekend talking about the elections that had held the euro (EUR) hostage, which would be held in France and Greece. France got their Socialist leader — good for them. I hope they have fun with that. And Greece got a government — no wait, no they didn’t. You see, the Greeks tried to vote in anti-euro leaders, but couldn’t get enough to form a government.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , , , , ,

10 Minutes to Midnight: Gauging the Likelihood of War With Iran

March 12, 2012 By Leave a Comment

According to the people who pay attention to such things, there’s less than a 50/50 chance of a war with Iran in the next 12 months.

Barely less.

There’s a 48% chance, if you want to be precise. We’re at 10 minutes to midnight, figuratively speaking.

10 Minutes to Midnight

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , ,

Greece Forms a New Government

November 7, 2011 By Leave a Comment

It’s raining on the Eurozone leaders again this morning. To get you caught up, let me go back to what happened since I signed off on Friday morning. First of all Greek Prime Minister (PM) Papandreou, did receive a positive Confidence Vote from his Parliament, regarding the Eurozone Grand Plan… But there was a caveat to the vote… It was approved only on the understanding that Papandreou would step down, and that a new government would be formed to take them into the next election on February 19, 2012.

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Filed Under: Gold Fundamentals, Stock Market Commentary, U.S. Dollar Tagged With: , , , , , , , , , , , , , , , , ,

Government Shutdown Averted

April 11, 2011 By Leave a Comment

Well… The government did avert a shutdown late Friday night… I’m going to tick a few people off with this statement, but oh well… On Friday, the government agencies had to make up lists of “essential workers” and “non-essential workers”… Wanna reduce the government debt? If those people are “non-essential” then… Well, why are taxpayers paying for “non-essential” workers?

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Currency Manipulators Created $7 Trillion, Causing the Global Economic Bubble

February 13, 2011 By Leave a Comment

The single most important development affecting the global economy over the past decade has been the creation of $7 trillion worth of paper money by central banks in developing countries. This explosion of money creation drove up the price of stocks, bonds and commodities – and drove down yields – all around the planet. It caused the Fed to lose control over interest rates and over the economy. In short, this new money (along with the US trade deficit which played a role in its creation) caused the global economic bubble that imploded in 2008.

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China Reduces Treasury Holdings

August 17, 2010 By Leave a Comment

Front and center today, the TIC flows data from June was very interesting yesterday… Before we get into this, let me explain what I'm talking about for the new “kids? in class… TIC stands for Treasury International Capital, and it's just a fancy way of saying that someone is tracking the net security purchases… Why is this important? Well, security purchases by foreigners is how the US finances its ever growing deficit. For example, the trade deficit and foreign direct investment makes up the current account… But just to keep this simple, the trade deficit in June was $49.9 billion… The net security purchases to finance that deficit in June was… $44.4 billion…

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