By Sam Kirtley It is generally accepted that the recent financial crisis was brought about by excessive borrowing due to cheap and easy credit, and this excessive borrowing increased the risk in the financial system as market participants leveraged up to the hilt. Therefore it appears to be somewhat hypocritical to claim that the best action to...

Stock Tiger First-time claims for unemployment benefits went up  in the week ended November 13th, according to a report released by the Labor Department.  The report showed that jobless claims rose to 439,000 from the previous week’s revised figure of 437,000. Economists had been expecting jobless claims to increase to 442,000 from the 435,000...

From the Irish Government The Government today agreed to request financial support from the European Union and the Euro Area Members States. The IMF will also be requested to assist in the provision of support. The Government welcomes the agreement reached at the Eurogroup meeting today that providing assistance to Ireland is warranted to safeguard...

AC Investor ( click to enlarge ) Spectacular action from Marvell Technology Group Ltd. (NASDAQ:MRVL) shares, after the earnings report was released. The technical chart gives a clearer picture. Big bullish candle on very good volumes indicating buying. The last two weeks fall has formed a bullish flag and today’s candle has given a breakout...

by CalculatedRisk Here is the economic schedule for the coming holiday week. There will be plenty of data released early in the week, including existing home sales on Tuesday, new home sales on Wednesday, the 2nd estimate of Q3 GDP on Tuesday, and Personal income and spending for October on Wednesday – and much more. Below is a summary of last...

Courtesy of Mish I have been saying for 5 years the US would follow the path of Japan. An interesting chart in the New York Times shows this is indeed what has happened. click on chart for sharper image Following Japan’s Path, So Far In the United States, the core consumer price index, which excludes food and energy prices, rose 0.6 percent...

Submitted by Tyler Durden And so the can has been kicked down the road one more time as Ireland’s Brian Lenihan has just sold out his country to the IMF, the ECB and the Fed for a few extra years of puppet control. RTE reports that EU Finance Ministers are due to hold a conference call later this evening during which Ireland is expected to...

Courtesy of John Mauldin, Thoughts from the Frontline / HT Ilene Phil’s Stock World The CPI was out this week, and it showed a continued drop in inflation. There were those who immediately pointed out that this vindicated the Fed’s move to QE2. We have to get ahead of this deflation thing, don’t we? Well, maybe, depending on how you measure...

The TSI Trader There is no other way to describe silver’s price movement of the past 13 weeks other than to call it parabolic.  With that in mind, I thought it would be interesting to do a little study of past silver parabolic moves and see if I could get a handle on just how high silver could travel into December before it implodes. For this...

by Karl Denninger Listen very carefully Mr. President: You’re on the wrong side of this. Obama said he’s told the U.S. Transportation Security Administration: “You have to constantly refine and measure whether what we’re doing is the only way to assure the American people’s safety. And you also have to think through,...

by Karl Denninger This is an interesting article…. Federal authorities, capping a three-year investigation, are preparing insider-trading charges that could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation, according to people familiar with the matter. The criminal and civil probes, which...

by Tyler Durden Is Max Keiser’s attempt to put JP Morgan out of business working following the mother of all silver physical squeezes? The price of silver has been stable in the past few days, but if the US official precious metal seller is to be trusted, this will not last long. According to the US Mint, sales of 1-ounce American Eagle silver...

Tim Iacono That was quite a speech by Ben Bernanke in Frankfurt, Germany today, blame being laid at the feet of just about everyone but the U.S. central bank for the growing problems in the global economy and international monetary system that, in the end, he concludes has a structural flaw whereby exporting countries are not forced to correct their...

J W Jones Thursday was another example of Mr. Market playing games with traders and investors as equities and precious metals took part in a strong rally. Some market prognosticators noted short-term oversold conditions across the board while others discussed the potential for a strong reversal that could potentially take out recent highs. In ...

By: Brandon Rowley of T3Live Google is in talks acquire popular retail deal site Groupon, according to a report from the Wall Street Journal Friday. Groupon, which was launched in November 2008 and is reportedly raking in nearly $50 million a month in revenue, was one of the first sites to offer online consumers the option to rally together to purchase...