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Mar
11th
Thu
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Seven and a half centuries of real gold prices via www.zerohedge.com

Seven and a half centuries of real gold prices via www.zerohedge.com

Tags: gold   finance  
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Mar
10th
Wed
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Tags: entrepreneurship   online   internet   newspaper   media  
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All you need to know on net, gross bond issuance by European governments is at Breaking Down Europe’s 2010 Bond Issuance | zero hedge

All you need to know on net, gross bond issuance by European governments is at Breaking Down Europe’s 2010 Bond Issuance | zero hedge

Tags: economics   government debt   europe  
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Tags: finance   schiller   siegel   pe ratio  
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Mar
9th
Tue
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GATA Appeals to CFTC on Concentrated Gold Shorts

Gold bugs rejoice! GATA (Gold Anti-Trust Action Committee) appeals to CFTC to act against manipulative shorts:

GATA has evidence that there are enormous physical short positions in the gold and silver markets that cannot be covered. Because of the decades-long interference with the gold market, we estimate that the free-market price of gold is multiples of the current price. Growing stress caused by burgeoning physical bullion demand is threatening to lead to a price explosion, which will restore to the market the balance that regulation has failed to maintain. In our view, the Comex paper market will become dysfunctional, with “force majeure” having to be declared as the concentrated shorts are unable to deliver on their obligations.
Tags: gold   finance  
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Mar
7th
Sun
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Tags: finance   exxon mobil   microsoft   walmart   apple   berkshire hathaway  
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Private, Government, Foreign Financial Balance

The March 2010 Absolute Return Letter (pdf) picks up the national income accounting identity mentioned earlier:

( T - G ) + ( Y - T - C - I ) + ( M - X ) = 0

Where:
T Taxes
G Government Spending
Y GDP
C Private Consumption
I Private Investments
M Imports
X Exports

In other words, the sum of net inflows of money into the stock of capital of a country’s economy from the government, the private sector and foreign investors (that counterbalance the net imports) is always zero, unless there is creation of paper money within a country or a change in foreign reserves.

That entails that as the consumer spending retrenches (and private savings go up) during the ongoing balance sheet recession, government deficit must worsen and/or the country must reduce its current account deficit (i.e. reduce net foreign capital inflows). Another way to look at it is that every dollar saved flows back (as a mathematical identity) to finance additional government debt and foreign capital outflows.

Tags: economics   balance   finance   government debt   current account  
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Mar
6th
Sat
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Austerity measures induced social unrest in Greece via When Storming The Bastille Is Not An Option, The Parliament Will Do | zero hedge

Tags: greece   economics   social unrest   europe   government debt  
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Mar
5th
Fri
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A bankrupt party must use everything he has to make money and serve his creditors,” said Josef Schlarmann, a member of Chancellor Angela Merkel’s Christian Democratic Union, who heads a lobby representing 40,000 business owners and managers allied to the party. “Greece owns buildings, companies and several uninhabited islands, which can now be used to repay debt.
Tags: greece   economics   government debt  
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Italy is by far the biggest sovereign debt issuer in Europe in 2010 via
Greci? Come si diceva… - Daniele Della Seta - FriendFeed
Source: Barclays Capital

Italy is by far the biggest sovereign debt issuer in Europe in 2010 via Greci? Come si diceva… - Daniele Della Seta - FriendFeed

Source: Barclays Capital

Tags: economics   europe   government debt   italy   PIGS   spain   portugal   greece  
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