Reuters – Analysis: Weeks before U.S. election, Mideast gives Obama perfect storm An eruption of violent unrest across the Middle East is confronting President Barack Obama with the most serious challenge yet to his efforts to keep the Arab Spring from morphing into a new wave of anti-Americanism – and he has few good options… Continue reading What Is The Arab Spring Now Becoming?
Zero Hedge (blog) – Ron Paul: “Country Should Panic Over Fed’s Decision” What took Ben Bernanke sixty minutes of mumbling about tools, word-twisting, and data-manipulating to kinda-sorta admit – that in fact he is lost; Ron Paul eloquently expresses in 25 seconds in this Bloomberg TV clip. Noting that “we are creating money out of… Continue reading Ron Paul Weighs In
The Wall Street Journal – A Bump in Path to Wall Street Goldman Scales Back Junior-Analyst Program; No Contracts for College Hires The career path for aspiring Gordon Gekkos is getting rockier. Goldman Sachs Group Inc. GS +2.01%is doing away with two-year contracts for most analysts hired out of college, according to communications reviewed by… Continue reading The Masters Of The Universe Training Program Ends
(h/t The Big Picture)
The Wall Street Journal – Economists Are Uncertain More Fed Moves Will Work Thirty-four of 47 respondents (72%) to the survey said they expected the Fed to announce another round of large-scale asset purchases, known as quantitative easing, or QE, at the meeting. Another seven (15%) expect a move later this year, while five (10%)… Continue reading What To Expect From The Federal Reserve
The Wall Street Journal – It May Be Too Late to Ride the QE3 Wave Mirror, mirror on the wall, what’s the fairest QE of them all? Investors are hoping it will be the round of quantitative easing, or bond buying, the Federal Reserve is expected to announce Thursday. But that may be wishful thinking.… Continue reading The Effect Of QE
BondVigilantes.com – Is the Federal Reserve running out of ammo, and if so, what does this mean for financial markets? Almost every financial asset seems to have gone up – in the last year, you’d have made money if you’d bought US Treasuries, corporate bonds, gold or even Italian equities. It’s only really emerging market… Continue reading Market Correlations
<Click on chart for larger image> The Wall Street Journal – Weather Woes Sow Worry on Wheat Hot, dry weather devastated U.S. corn and soybean crops this summer, sending prices soaring. Now, worries are rising that similar weather patterns could shrink the global supply of wheat…On Wednesday, the U.S. Department of Agriculture lowered its estimate… Continue reading The Drought Hits The Wheat Crop
Bloomberg.com – Dutch Voters Buck Euro Debt Crisis to Re-Elect Rutte as Premier Dutch Prime Minister Mark Rutte’s victory yesterday makes him the second euro-area leader, after Estonia’s Andrus Ansip, to win re-election since Europe’s financial crisis dawned in 2009. Rutte’s Liberal Party is set to begin talks to form a coalition with the Labor… Continue reading The Dutch Vote
ProPublica.org – The Bailout: By The Actual Numbers Quick, how many billions in the red are taxpayers on the bailout of GM? AIG? Fannie and Freddie? Is it true that the government has reaped a profit from bailing out the banks? It should be easy to find answers to such questions. But while it’s a… Continue reading Keeping Tally Of The Bailout Costs
Business Insider – RAY DALIO: There’s No Sensible Reason To Not Own Gold Ray Dalio, one of the most successful hedge fund managers of all time, spoke with CNBC’s Maria Bartiromo at the Council on Foreign Relations this morning. The hedge fund god made some interesting comments on gold. Here’s what we’ve transcribed from his… Continue reading Gold