BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. Continue reading
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Charts
BullionBuzz is a weekly eNewsletter that offers investors a quick snapshot of must-read news pertaining to the markets and precious metals. This week: Euro: Current Course Is Leading to Disaster Continue reading
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Since today is ‘Jobs Friday’, let’s pick around the current report and see what’s what. On the surface the report looks solid – 236,000 jobs added in February with the unemployment rate dropping to 7.7%. Continue reading
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The need for the two income household in many cases is now driven by pure economics. Continue reading
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This chart is perhaps a creative representation to help identify critical structural linkages between debt and REAL economic activity. Continue reading
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“The above chart shows the ratio of the US monetary base to the US population. Despite growth in the US population, the monetary
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The 2012 fiscal condition of the United States suffered its worst annual deterioration in the history of the Republic. Based on generally accepted accounting principles (GAAP-based accounting), the actual federal deficit hit a record $6.6 trillion in the year ended September 30, 2012, a level that was fully 42% of the nation’s annual GDP. Continue reading
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THE CONTRARIAN TAKE offers a concise monthly accounting of the US government’s financial position and burden on the U.S. economy… Continue reading
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The blue line in the above chart, by Shadowstats, uses the pre 1980 methodology for calculating inflation. By keeping interest rates low… Continue reading
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It was Milton Friedman, not Ben Bernanke, who first made reference to dropping money from helicopters in order to prevent deflation. Bernanke’s now famous “helicopter speech” in 2002, however, was no less enthusiastically supportive of the concept Continue reading
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The single currency has acted as a straight-jacket, binding disparate economies together and treating them as equivalent from a risk perspective. Bond spreads reflected this perception from shortly after the introduction of the euro until the financial crisis of 2008, but the fiction of equivalence has since come under increasing pressure. Continue reading
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The above two charts compare the projected budget deficits from 2009. In the earlier chart, the deficit of about $1.4 trillion was projected as a one-time event with future annual deficits reverting back to about $300 billion/year. Now, deficits exceeding a trillion are projected for the foreseeable future. What is the likelihood that these projections are as understated as the earlier projections and that the US will see deficits at multiples of the projected deficits? Continue reading
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