Tag Archives: Fiscal Cliff

Morning Reading

biiwii.com

Unnatural Economics  Sean Corrigan  12.28.12
Interest Rates & the Market Economy  Sean Corrigan  12.28.12
Another Use for the Yield Curve  Tom McClellan  12.28.12
Pivotal Events  Bob Hoye  12.28.12 (pdf)
Fiscal Cliff a Boon for Precious Metals  TGR/ino.com  12.28.12
The Spike Indicator & Gold  321gold  12.28.12
Fiscal Cliff: There is no Drop Dead Date & More Thoughts  Calculated Risk  12.28.12
Back to Neutral  B.I.G.  12.28.12

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Weekend Reading

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Recalling John Law  Doug Noland  12.22.12
Stocks Beat Gold for 1st Time Since 2004  Adrian Ash  12.22.12
Steep Yield Curve Does Not Offer Complete Immunity  Tom McClellan  12.22.12
A Bigger Cliff Than the Fiscal One  Bill Bonner  12.22.12
The Fiscal Cliff is Looming  ino.com  12.22.12 (video)
Summary for Week Ending Dec. 21  Calculated Risk  12.22.12
Small Caps Catch Up  B.I.G.  12.22.12

More Guest Commentary

Morning Reading

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Why the Fed’s New Jobs Target Will Make People Poorer  Bill Bonner  12.18.12
Gold Mining in Latin America  TGR  12.18.12
Hidden Treasury Risks?  Axel Merk  12.18.12
Japanese Pension Funds Seek Safety in Gold  GoldCore  12.18.12
Better Watch Out: Insiders Are Selling  Mark Hulbert  12.18.12
Today’s News & Traders’ Blog  INO.com  12.18.12
Market Watch, Forex Focus & Prechter’s Perspective  Biiwii.com/EWI  12.18.12
Fiscal Cliff: Chained CPI  Calculated Risk  12.18.12
10-Year Yield Crosses Above 200 DMA  B.I.G.  12.18.12

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Morning Reading

The Origins of Government  Bill Bonner  11.23.12
Pivotal Events  Bob Hoye  11.23.12 pdf
Gold Price Forecasts: Should You Ignore the Consensus?  Chris Mayer  11.23.12
2012: The Tipping Point – the Results Are in – Bankers Lost  Darryl Robert Schoon  11.23.12
For Republicans, an Opportunity at the Fiscal Cliff  Forbes  11.23.12
Argentina’s Upcoming Technical Default  Zero Hedge  11.23.12
Today’s News & Traders’ Blog  INO.com  11.23.12

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Bernanke Presses Lawmakers to Resolve the…

ben bernankeWell, you know; the latest in a long line of (should be trademarked) buzz phrases that the market has to obsess on.

Armageddon ’08 © (that’s mine), Hope ’09 © (mine too), Flash Crash ™, Congressional Debt Squabble ™, Euro Crisis ™, i2K12 © (mine, and despite QE-lite we’re still waiting, Gary) Greek Austerity ™ and now… the Fiscal Cliff ™.

I have to tell you I hate this latest one.  Seriously, it’s annoying because it seems to have come on like gangbusters when everybody knew it was there so many months ago.  I myself made personal preparations for it back in the spring.  It’s as if the noise waited until the election was over (sorry, no buzz phrase for that one).  I guess our attention span can only handle one hype fest at a time.

Anyway, here’s MarketWatch with a wrap up of Ben’s speech.

Bernanke Presses Lawmakers to Resolve Fiscal Cliff ™

Curiously…

He urged the members of Congress not to kick the can down the road.

But then…

Looming in the background is the need for Congress to pass another increase in the federal debt ceiling, now set at $16.4 trillion.

Fractious talks between the two sides in the summer of 2011 over an increase in the debt limit disrupted financial markets and the economy, Bernanke said.

“A failure to reach a timely agreement this time around could impose even heavier economic and financial costs,” Bernanke said.

The Treasury Department said that the government will come close to the ceiling by the end of the year. Special accounting techniques can then delay hitting the ceiling for a few more months.

“Coming together to find fiscal solutions will not be easy, but the stakes are high,” Bernanke said.

Is he saying to come together and agree on how to increase the debt limit (kick the can) or is he advocating actual cutting so that we live within our means?  I am curious.  Thus far congress has raised the limit and the Fed has sopped up bonds that result from this debt.

Is this all an exercise in following verbal breadcrumbs?  Where is the value at the end of the trail?  I don’t even really know what he is saying.  He says don’t kick the can but he is promoting can kicking by monetizing debt.  Is that not true?

Morning Reading

The Fiscal Waterslide  Bill Bonner  11.14.12
Hate Mail Before & After Election…  Mish  11.14.12
S&P 500 Spring Redux?  B.I.G.  11.14.12
Today’s News & Traders’ Blog  INO.com  11.14.12
Ron Paul: “Zero Percent Chance of ‘Grand Bargain’ Over Fiscal Cliff”  Zero Hedge  11.14.12
Shorting the ‘Fiscal Cliff’  Acting Man  11.14.12
Stop Calling it a “Fiscal Cliff”  MarketWatch  11.14.12
Marc Faber on the Economy: There Will Be Pain…  Andrew Moran  11.14.12

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Morning Reading

ECB & Fed:  Worlds Apart  Axel Merk & Kieran Osborne  11.7.12
Gold Mining Stocks:  A Breakout?  TGR  11.7.12
Commodities Update  Steve Saville  11.7.12 pdf
Report Raises Questions About CB Gold Holdings  John Browne  11.7.12
Greece Paralyzed Again  Acting Man  11.7.12
Next Steps:  Fiscal Cliff  Zero Hedge  11.7.12
Market Watch, Forex Focus & Prechter’s Perspective  Biiwii.com/EWI  11.7.12
Dearness vs. Cheapness  Frederic Bastiat  11.7.12

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