Economics Calendar

Many people have asked me to comment on the plunge in gold and silver. First let's take a look at the wrong answer: Case Closed: CME Hikes Gold, Silver, Copper MarginsAnd there you have it: CME just hiked gold margins by 21%, silver by 16% and copper by 18%. Mystery solved.Sorry...

In his latest Email update, Michael Pettis at China Financial Markets discusses the in more detail the likelihood of a Eurozone breakup.Until the label "End Pettis", what follows is from Pettis and anything in blockquotes (indented) is a reference that Pettis quotes.Logistics of Denial by Michael PettisSlow growth is embedding itself solidly into the...

The September Contrary Investor It's A Long Hard Road is an exceptional marriage of debt-deflation concepts, long-wave K-Cycles, credit cycles, and Austrian economic thinking. Here is a lengthy snip of several key points with permission.If there has been one consistent theme since...

As noted previously, it is crystal clear to everyone but bankers and brain-dead analysts that banks need to be recapitalized, in Europe and the US as well.The crucial question is "how?".In 2008, US taxpayers bailed out AIG (Goldman Sachs really), Fannie Mae, Citigroup, Bank of America...

In the wake of fresh sex and bribe scandals of Italian Prime Minister Silvio Berlusconi as well as Italy's backing down on austerity measures, interest rates are once again creeping back up on Italy.10-Year Italian Government Bond YieldsItaly Drops Plan to Tax Higher Earners From...

Jobs Report at a Glance Here is an overview of today's numbers.US Payrolls +0US Unemployment Rate Flat at 9.1% Participation Rate +.1 to 64.0%Actual number of Employed (by Household Survey) rose by 331,000Unemployment rose by 36,000Those not in the labor force dropped by 165,000Civilian...