The Market Ticker Especially those who don’t sign their real names: Those who know Mr. Denninger know that he, well, for lack of a better word, hates Gold. Bah.  One cannot hate an inanimate object. It only goes to show the level of disinformation and ignorance prevalent in our society when even smart people like Karl fail to get it. From...

Submitted by Jordan Roy-Byrne of Wall St Cheat Sheet As we’ve discussed recently, persistent deflationary forces do not augur for a repeat of Japan circa 1990s or the US in the 1930s. Instead, because of the inability of governments to finance their current and future debt burden (there is a dearth of domestic savings and global capital), deflationary...

Last week looked and felt like a pivotal week for both stocks and commodities. The past two weeks have had investors and traders in a panic as they try to find safe investments for their money. After watching and reviewing the panic selling in the market it looks as though the majority decided to sell everything and be in cash for the time being....

By MIKE WHITNEY writing at CounterPunch Credit market turmoil in the Eurozone has ignited frenzied trading on global markets. On Tuesday, shares tumbled nearly 300 points on the Dow Jones before launching an unconvincing 257-point late-day comeback. Wednesday the mayhem continued; all the major indexes seesawed wildly as positive news on durable...

By David Galland, Managing Editor, The Casey Report Oh, what a tangled web we live in. On one side of the Atlantic, there is a fundamentally broke European Union. On the other, the world’s largest debtor nation, these United States. Rotate the globe and you discover China, the world’s most populous nation: a nation whose economy is desperately...

CalculatedRisk From the Institute for Supply Management – Chicago: The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER eased again, tempering the pace of its expansion while marking its eighth month of growth. All Business Activity indexes except EMPLOYMENT signaled expansion. … EMPLOYMENT slipped below neutral for...

By Phil Davis of Phil’s Stock World That’s right – yoos guys didn’t see nothing this week. If anyone asks you, nothin’ happened this week and you don’t know nothin’ about no crash.  I mean, what crash, right?  We got those markets higher than where they were last Friday (don’t ask how) and if anyone tells you anything different...

Courtesy of Gordon T. Long at Tipping Points We are entering the Age of Rage. It is presently most visible in Europe as austerity programs that potentially could shred a half century of social entitlement advances are met with increasingly violent street demonstrations.  It is seen in the US Tea Party rallies with their fury that the very fabric...

Tim Iacono In this widely watched BBC video, Hugh Hendry of hedge fund Eclectica Management recommends the world panic over the ongoing European debt crisis and then the group debates whether perpetual bailouts and a much longer slowdown are preferable to a real purging of the system and a much shorter recession that would also see major reforms. At...

By David Galland, Managing Director, Casey Research Commenting on the European crisis – because this has gone well past being one that can be termed “Greek” – the New York Times cited a senior U.S. official on the significant role the U.S., including Obama himself, played in getting Europe’s leadership to agree to a bailout approaching...

Tim Iacono With much of the United Kingdom now worrying about in-flation, Bank of England Governor Mervyn King having to write yet another letter to the Chancellor of the Exchequer just last week to explain why it’s so high, Ambrose Evans-Pritchard thinks it’s de-flation that they all should be concerned about. In this article in the Telegraph...

CalculatedRisk From Lori Montgomery at the WaPo: Bill on jobless benefits, state financial help scaled back [C]ongressional leaders reached a tentative agreement Wednesday to scale back a package that would have devoted nearly $200 billion to jobless benefits and other economic provisions … Under Wednesday’s agreement, the overall...

Courtesy of Karl Denninger at The Market Ticker If this isn’t enough to give you nausea I don’t know what is: Monday night into Tuesday, 1090 – 1035, a roughly 5% drop.  Then on Tuesday, a nearly 5% rise. Yesterday afternoon there was a rumor that China was “reviewing” it’s Euro Zone holdings, and into the bell the market...

It’s been an exciting week for traders as volatility levels are through the roof and the broad market is moving up and down like a yoyo. You cannot take your eyes off the screen if you have a large amount of money invested as you can quickly find yourself with a large profit or loss in the matter of minutes…. Although we have seen stocks jump...

The famous “10% correction” that market pundits talk about sounds so nice and tidy, so predictable and tolerable. It’s as if this “cute little correction” came neatly wrapped, looked like an M&M candy character, and smiled at you and your family after...