Examining the global crack-up boom: Part I

Since the 2008 financial crisis central banks around the world have created in excess of $12 trillion. Not only has their policy of ultra-lose money created another unsustainable boom in asset prices, it is looking increasingly likely that it will end in what Austrian economist Ludwig von Mises called a “crack-up boom”, i.e. a complete breakdown of the monetary system.

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As Trust Evaporates…

Rolling Stone’s Matt Taibbi has once again put the world’s major news organizations to shame by describing, in comprehensible terms, the pervasive corruption at the heart of the financial system. Below are his concluding paragraphs from a much larger article that everyone with money at risk in a bank, brokerage account or business should read.

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Examining the global crack-up boom: Part II

Since the 2008 financial crisis central banks around the world have created in excess of $12 trillion. Not only has their policy of ultra-lose money created another unsustainable boom in asset prices, it is looking increasingly likely that it will end in what Austrian economist Ludwig von Mises called a “crack-up boom”, i.e. a complete breakdown of the monetary system.

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It’s debt ceiling time again

On Friday, Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner, informing him that the Treasury will begin taking “extraordinary measures” in order to keep the Federal debt below the legal limit. Such measures could include redeeming current investments in the retirement accounts of civil service workers and would keep things running up through Labor Day.

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When Hedge Funds Go Short, Gold Goes Up

This article illustrates how a news organization can shape the tone of a story. Bloomberg chooses to focus on the bear market in precious metals, framing the record level of bearish hedge fund bets as, well, bearish. But the data could just as easily be the basis of a bullish story, since whenever hedge funds get massively short the price of gold and silver soar.

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Energy sector trade update: So far so good

The article ‘Energy sector provides decent trading opportunity’, published last week, outlined a potential trading opportunity in the energy sector ETF XLE. The fund had broken out above a key resistance level and established a well defined uptrend. Now however, the fund has begun to advance strongly and it’s time to safe-guard our profit.

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