Courtesy of The Pragmatic Capitalist Much has been made about the recent action in the bond market.  Yields have fallen to unheard of levels.  The inflationistas and curve steepener traders are bewildered.  It’s clear that bond investors are expecting very low inflation in the coming decade, but some fear it is portending far worse.  Famed...

Tim Iacono It’s still just a tiny trickle, but, for the third straight day, a little gold bullion exited the trust at the SPDR Gold Shares ETF (NYSE:GLD), a total of 4 tonnes in all as shown below. Of course, the trust added a total of 190 tonnes in April, May, and June, so, this is not yet cause for alarm for those long the yellow metal. Summer...

SK Options Trading After an impressive rally of over 80% from the lows made in March 2009, the US stock market looks ripe for another plunge south. This rally was never sustainable, rather than being built on solid fundamentals and a genuine economic and business recovery, it was merely the result of multi-billion dollar bailouts, near zero interest...

The Market Ticker Rarely does it get this blatant….. this sort of crap goes on every day, but once in a while it’s just “in your face.” Tonight was one of those examples.

by Tyler Durden Having rapidly become the only person worth listening to on CNBC, Rick Santelli’s insights on the economy are now far more valuable than any other guest’s on the Jeff Immelt propaganda station. Which is why we were very happy to find that Eric King’s latest interview was with none other than Mr. Santelli. The topics...

The Market Ticker Keep up the lying, legislators, about how it’s all “those other guys” fault….. Yesterday gave me the opportunity to update this chart with an extrapolated forward number for this year through the first six months. Yeah, tell me it’s all the Republicans’ fault.  Or all the Democrats’. Nonsense. Our...

The gold market has had a lot of publicity and been under intense scrutiny lately as investors, both conservative (Glenn Beck) and liberal (George Soros), are weighing in and recommending a position in gold. Click The Chart to view the video

Courtesy of Mish Inquiring minds note that California governor Arnold Schwarzenegger orders minimum wage for state workers Gov. Arnold Schwarzenegger on Thursday ordered about 200,000 state workers to be paid the federal minimum wage this month because the state Legislature has not passed a budget, but the state controller is refusing to comply. Department...

CalculatedRisk From the BLS: Total nonfarm payroll employment declined by 125,000 in June, and the unemployment rate edged down to 9.5 percent, the U.S. Bureau of Labor Statistics reported today. The decline in payroll employment reflected a decrease (-225,000) in the number of temporary employees working on Census 2010. Private-sector payroll...

by Karl Denninger Gee, where are the handcuffs? July 1 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke and then-New York Fed President Timothy Geithner told senators on April 3, 2008, that the tens of billions of dollars in “assets” the government agreed to purchase in the rescue of Bear Stearns Cos. were “investment-grade.”...

By Marin Katusa, Chief Investment Strategist, Energy Division If you ever happen to eavesdrop on a conversation between energy investors, two words are sure to crop up – China and oil. Usually, they’re used together and usually, it’s about China’s increasing presence on the global oil scene. It’s a pretty safe bet that, as one of...

By David Galland, Managing Director, Casey Research For some years now, Doug Casey has gone on record with his view that we’ll know the gold bull market is really picking up steam when central banks stop selling their reserves of gold and begin buying the stuff. The following excerpt from a Wall Street Journal article titled “As Gold...

The Market Ticker Greed, er, Greenspan, of course… Two of four pieces, interspersed with my commentary (I’d have done the other two but I started projective-vomiting after the first two…. and couldn’t continue) We start with the stock market.  Magoo’s view? “The stock market is not merely an indicator it is a...

What a nutty week for the equities market! The bleeding has not led up with almost 2 weeks of straight selling. Also we are seeing oil break down with a rather large bear flag and if that happens, which it looks like it will… then hold on tight or cash out of the market! There has been nothing but negative news for the past month and its not looking...