The Strongest Season For Silver Has Only Just Begun

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Authored by Dmitri Speck via Acting-Man.com, Commodities as an Alternative Our readers are presumably following commodity prices. Commodities often provide an alternative to investing in stocks – and they have clearly discernible seasonal characteristics. Thus heating oil tends to be cheaper in the summer than during the heating season in winter, and wheat is typically… Read More

Canadian geologist Kirk Woodman murdered in Burkina Faso

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Kirk Woodman, vice-president of exploration for Vancouver-based private gold explorer Progress Minerals, was found dead on Jan. 16 in rural Burkina Faso, after having been abducted a day earlier by as-yet unidentified individuals. According to a statement by Burkina Faso minister of foreign affairs Alpha Barry, Woodman was kidnapped near the village of Tiabangou at the Bira… Read More

State Department Orders Staff To Return To Work During Shutdown

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The State Department is calling back employees to work, telling them they will be paid for at least one pay period, despite the ongoing government shutdown. In an urgent message sent to Civil and Foreign Service officers on Thursday, Bill Todd, the deputy undersecretary for management, told staffers that the department is “taking steps to… Read More

March and Simon: Early Socialist Calculation Revisionists

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By: Nicolai J. Foss It is now commonly recognized that the majority of the economics profession for about four decades held an erroneous view of the nature of the “socialist calculation debate.” In particular, the nature of the arguments put forward by Mises and Hayek were misconstrued. Revisionism took off in the mid 1980s with… Read More

Johnstone: War Whores Scramble To Say Syria Attack Means US Troops Must Remain

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Authored by Caitlin Johnstone via Medium.com, A suicide bombing in Manbij, Syria has reportedly killed 19 people including four Americans, two of whom were US soldiers and two of whom worked with the US military. ISIS, which has an extensive history of falsely claiming responsibility for attacks it had nothing to do with, has claimed responsibilityfor the attack. Despite the… Read More

BNP, SocGen To Slash Trader Bonuses

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Following reports that the Paris-based bank was considering disbanding its prop trading unit after notching an abysmal -20% drop in revenues in its trading business last year (adding to a streak of middling-to-poor returns), BBG reported Thursday afternoon that, for the second straight year, SocGen is planning to slash its bonus pool for traders –… Read More

The Economy 'IS' Slowing

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Authored by Lance Roberts via RealInvestmentAdvice.com, In August of last year, I wrote an article entitled “As Good As It Gets“ which discussed the record levels being set by a broad swath of economic indicators. To wit: “First, “record levels” of anything are records for a reason. It is where the point where previous limits were reached. Therefore,… Read More

Saudi Arabian Lobbyists Have Many Friends In DC

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Authored by Zachary Yost via The Mises Institute, Most libertarians are familiar with Dwight Eisenhower’s warning about the military-industrial complex and its nefarious influence on US foreign policy. Many have read Major General Smedley Butler’s short book War is a Racket, in which he lays out the ways in which war is in the economic interests of certain… Read More

Sears Accepts $5.2 Billion Rescue Package From Eddie Lampert

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Sears Holdings corporation announced on Thursday that it has accepted a $5.2 billion bid by Chairman Eddie Lampert’s ESL Investments, preserving approximately 45,000 jobs upon approval.  ESL will acquire “substantially all of the Company’s assets” assuming Lambert’s rescue package is approved at a February 1 hearing. Assuming closing conditions are satisfied, the transaction will close… Read More

May To Skip Davos, No-Deal Brexit Odds Greater Than Many Think

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Authored by Mike Shedlock via MishTalk, May survived a vote of no confidence and the EU might extend Article 50, but only with conditions. Nothing’s changed. Yesterday added no clarification to the Brexit process. With the backing of DUP MPs, Theresa May Survived a Vote of No Confidence 325-306. Most expected that result, as did… Read More

SocGen Weighs Closure Of Prop Trading Unit After Stunning 20% Loss

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Shortly after BNP Paribas closed its prop trading unit (reminding readers of the financial press that the practice of risking shareholder money for profit continued in Europe after the financial crisis, along with the sometimes enormous consequences of seemingly trivial human errors) and its US commodities derivatives trading unit, the Paris-based bank’s smaller cross-town rival… Read More

Stock Market Volatility Reflects Systemic Instability

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The post-Christmas stock rally extended through Wednesday as the small-cap and tech stocks led the way, with the Russell 2000 up 14.3% and the Nasdaq up 12.5%. The SPX and Dow are up 10.4% and 10.1% respectively. During the stretch between December 26th and January 17th, the Russell 2000 index experienced only two down days.… Read More

Autopsy On The Still Living Bear Market

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Via Global Macro Monitor, Summary We believe the market is way off base in its analysis of what caused stocks to sell hard in 2018 The U.S. and world have a debt problem and yields need to mover higher in order for markets to clear The breakout in long-term yields in late September broke the… Read More