IMF Readying Loan of as Much as $794 Billion for Italy, La Stampa Reports - Bloomberg
Markets are rallying sharply from deeply oversold conditions overnight. No legitimate news organization is picking up this story although we did blog a few days ago that would be a conceivable…
Utah Law Encourages Gold and Silver Coin Use - NYTimes.com
Utah Law Makes Coins Worth Their Weight in Gold (or Silver) Djamila Grossman for The New York Times Rounds of silver being produced at the Old Glory Mint in Utah. By WILLIAM YARDLEY Published: May…
Euro 'doomed to be a weak currency' | Mail Online
Euro 'doomed to be a weak currency' by DAVID HUGHES, Daily Mail Comments (0) Add to My Stories The euro is doomed to be a weak currency indefinitely, according to a crushing assessment by Europe's…
Black Friday 2011: Waffle Maker Riot Caught On Tape
Black Friday 2011: Waffle Maker Riot Caught On Tape. Wow, I thought the riots in Greece were scary. This is a full blown riot in a Walmart where apparently there are $2 waffle…
New Strains Hit Euro, Global Markets - WSJ.com
By STACY MEICHTRY and JONATHAN CHENG ROME—Uncertainty in financial markets deepened as Italy's borrowing costs soared to euro-era highs and Prime Minister Mario Monti said European leaders…
Insider buying has picked up but not at August levels
Insiders, C-level officers,directors, and 10% owners of companies, in short the people that know the business the best, has picked up noticeably as the markets have come down. But it's not anywhere…
Wrong to close out euro short
I think we were premature closing out our euro short. There really isn't viable outcome of the European common currency anymore. It's possible that the IMF will bail out Europe and that is probably…
UPDATE: IMF Warns Japan Debt Could "Quickly Become Unsustainable" - WSJ.com
PUT OPTIONS ON JGB is Kyle Bass's favorite trade. UPDATE: IMF Warns Japan Debt Could "Quickly Become Unsustainable" -- IMF warns that Japan's debt could "quickly become unsustainable" if JGB…
It's clear now that a global bank run is starting
The closest parallel to what's unraveling now is the 1998 Asian currency crisis, culminating in Russian default and the collapse of Long Term Capital. This is probably a multiple of 3-10 x worse…
Cut in Europe Bank Lending Has Wide Impact - WSJ.com
As usual, most of our posts are with a theme on how to profit from them or to stimulate the investment mind. One of Gary Shlling's ideas from The Age of Deveraging is to short emerging equities.…