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- Vince1954 commented Aug 3, 2015
Gold prices are not affected by gold mining because the gold market is not like other commodities markets eg iron which is mined and consumed. Gold mining could cease today and prices can still fall, and the converse is also true. Gold prices are ...
- Vince1954 commented Aug 3, 2015
When 52.2 is described as "solid growth" you know you are living in make-believe world. Anything below 50 is contraction, and in the pre-crisis past, "solid" was around 60. Add to that the fact that Spain is ticking up from a deeper contraction, it ...
- Vince1954 commented Jul 31, 2015
The money is yours, so long as you can keep their thieving hands off it.
- Vince1954 commented Jul 10, 2015
This chimes with what somebody said, that Tsipras was hoping for a YES in the referendum so he could wash his hands of the whole thing. Now he's got no choice but to renege of the referendum results.
- Vince1954 commented Jul 10, 2015
Yes, but this was before the news of Tsipras accepting the original offer that was rejected.
- Vince1954 commented Jul 10, 2015
Recipe for revolution: Reject initial austerity package. Go to the people and whip up opposition. Win mandate to reject package. Go back to troika and accept original package.
- Vince1954 commented Apr 24, 2015
With European and American economies faltering, the UK is the last, but doomed hold out, soon to join the rest.
- Vince1954 commented Apr 17, 2015
So she screws everyone over - what's new?
- Vince1954 commented Apr 17, 2015
So price will start rising again. That should be good for consumers and the economy - NOT!
- Vince1954 commented Apr 1, 2015
Was forecast to be 54.5 I think, so fundamentally, worse than predicted.
- Vince1954 commented Apr 1, 2015
The difference between UK and France/Germany is that the latter have worked to keep as much of their core industry onshore as possible, whereas we (and the US) have embraced globalisation as an ideology. Consequently a lot of capital has left these ...
- Vince1954 commented Mar 20, 2015
They don't need to cut rates so the argument is based on a false premise. ZIRP has not helped Main Street because consumers are already maxed out on the credit cards. Only the banksters can profit from ZIRP by betting on rising asset prices, and ...
- Vince1954 commented Mar 17, 2015
Sound advice!
- Vince1954 commented Mar 16, 2015
I can't see how importing inflation is good for anyone. The idea that deflation is bad is when viewed as a symptom of economic contraction. Economic contraction is the result of excess capacity which is being eliminated. Making everything more ...
- Vince1954 commented Mar 16, 2015
If FOMC do fail to eliminate patience, the stock market goes up and the dollar down. Funny enough, the slew of bad economic data is looking good for the stocks. Maybe the market is concluding that the FOMC will remain patient for a bit longer after ...
- Vince1954 commented Mar 16, 2015
The original debt circa 2010, was owed to the banksters. The troika moved in and effectively paid them off with further loans but this time the liability is with tax payers. Germany is up for about 50 bn euros, France around 35 bn. The main goal is ...
- Vince1954 commented Mar 16, 2015
My guess is no rate hike. The fed has binged on asset purchases and holds huge quantities of medium and long dated paper. If interest rates go up, the value of this paper will go down. The Fed is a private bank, remember.
- Vince1954 commented Mar 10, 2015
How about the fact that companies are using cheap money to buy back their own shares so the directors can cash in big time from their share options? Money that should have been invested in new capital is being directed in this non productive way. ...
- Vince1954 commented Mar 10, 2015
Deceiving indicator - that mad me laugh!!
- Vince1954 commented Mar 6, 2015
You write that the wealth of the Earth less global debt is the same because the net global debt must be zero. This is not exactly true. Imagine that, because of false price signals provided by ZIRP and QE, a corporation borrows to invest in some ...
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