by
Chris Martenson
It is pretty clear that gold has its detractors in the mainstream press, and this next article is so over the top as to be an hilarious object lesson in the art of gold bashing.
It all starts with the title itself and gets funnier quickly.
US gold ends down $1, fails to break above $1,000
First of all, gold ended UP on the day by $2.80, not down. Second of all, you’d never see a similarly worded headline for, say, a favored stock which had just finished the week up 35 bucks. Can you imagine if Google went from $400 to $414 for the week reading the headline “Google fails to break above $415?” I can’t either.
Here’s the rest:
Gold Bashing 101: A Mainstream Press Primer
PREVIEW by Chris MartensonIt is pretty clear that gold has its detractors in the mainstream press, and this next article is so over the top as to be an hilarious object lesson in the art of gold bashing.
It all starts with the title itself and gets funnier quickly.
US gold ends down $1, fails to break above $1,000
First of all, gold ended UP on the day by $2.80, not down. Second of all, you’d never see a similarly worded headline for, say, a favored stock which had just finished the week up 35 bucks. Can you imagine if Google went from $400 to $414 for the week reading the headline “Google fails to break above $415?” I can’t either.
Here’s the rest:
by
Chris Martenson
In a podcast in February of 2009 before the “big plunge,” I related a concept that I call “from the outside in.” Basically this theory holds that when trouble starts in financial markets, it begins in the periphery with the weaker markets, before spreading to the center.
At the time, I was deeply uncomfortable with what I saw in several European markets, as well as India’s.
This time?
China has had a particularly rough August, although September has seen a modest recovery, with the first three days of the month almost covering the territory lost on the final two.
From The Outside In – China’s Stock Slump
PREVIEW by Chris MartensonIn a podcast in February of 2009 before the “big plunge,” I related a concept that I call “from the outside in.” Basically this theory holds that when trouble starts in financial markets, it begins in the periphery with the weaker markets, before spreading to the center.
At the time, I was deeply uncomfortable with what I saw in several European markets, as well as India’s.
This time?
China has had a particularly rough August, although September has seen a modest recovery, with the first three days of the month almost covering the territory lost on the final two.
by
Chris Martenson
As part of our continuing series on “why things will proceed until the break,” we have this delightful article from the Washington Post, trumpeting the ‘findings’ of a study by a think tank representing the views of public employees that – surprise! – concluded that a “massive” hiring binge is required.
The think tank in question, the Partnership for Public Service, was founded in 2001 by a corporate raider, Samuel Heyman, who apparently has a passion for corporate governance as well as public government.
This is exactly the sort of article that the Washington Post loves to run – one that unabashedly calls for growth in the size and scope of government. Nowhere in the article will you find a countervailing point of view that might dare to suggest it is large enough already, let alone a voice (like mine) that would claim it’s too large.
Federal Government Needs Massive Hiring Binge, Study Finds
PREVIEW by Chris MartensonAs part of our continuing series on “why things will proceed until the break,” we have this delightful article from the Washington Post, trumpeting the ‘findings’ of a study by a think tank representing the views of public employees that – surprise! – concluded that a “massive” hiring binge is required.
The think tank in question, the Partnership for Public Service, was founded in 2001 by a corporate raider, Samuel Heyman, who apparently has a passion for corporate governance as well as public government.
This is exactly the sort of article that the Washington Post loves to run – one that unabashedly calls for growth in the size and scope of government. Nowhere in the article will you find a countervailing point of view that might dare to suggest it is large enough already, let alone a voice (like mine) that would claim it’s too large.
by
Chris Martenson
In this post, I respond to the recent flurry of activity in print and in blogs about the dollar, US indebtedness, and the risks associated with both.
Mish recently posted a mixed grab-bag entitled Countdown To Dollar Implosion Madness, in which he (very rightly, in my view) took to task various bloggers and other Internet sources that have been peddling rumors of bank holidays and setting specific dates for a dollar implosion.
I don’t like trading in unsourced rumors, either by the mainstream media or by bloggers (as they are very nearly always proven wrong), and I am especially leery of setting dates for future market events. So kudos to Mish for his efforts to hold bloggers to a higher standard.
However, I took exception to a snippet from a WSJ article by Andrew Batson, entitled Households Start to Rival the Chinese in Treasury Market (originally blogged about by Michael Pettis here), that offered the comforting impression that domestic savings are growing and are possibly sufficient to fund the US government deficit.
A Dollar Crisis in the Making
by Chris MartensonIn this post, I respond to the recent flurry of activity in print and in blogs about the dollar, US indebtedness, and the risks associated with both.
Mish recently posted a mixed grab-bag entitled Countdown To Dollar Implosion Madness, in which he (very rightly, in my view) took to task various bloggers and other Internet sources that have been peddling rumors of bank holidays and setting specific dates for a dollar implosion.
I don’t like trading in unsourced rumors, either by the mainstream media or by bloggers (as they are very nearly always proven wrong), and I am especially leery of setting dates for future market events. So kudos to Mish for his efforts to hold bloggers to a higher standard.
However, I took exception to a snippet from a WSJ article by Andrew Batson, entitled Households Start to Rival the Chinese in Treasury Market (originally blogged about by Michael Pettis here), that offered the comforting impression that domestic savings are growing and are possibly sufficient to fund the US government deficit.
by
Chris Martenson
Natural Gas Prices in Free-Fall
PREVIEW by Chris Martenson
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