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Continued here: Spain Levies Consumption Tax on Sunlight
Originally posted here: Interesting Hussman Tweets on Case Shiller PE, Institutional Selling, Book Values
Motor Vehicles and Parts +1.3% Non-Defense Aircraft and Parts +31.4% Defense Aircraft and Parts +18.7% Other Durable Goods +0.1% One quick glance at new orders will give you the "easily seen" look at the durable goods numbers. Although such analysis is "easily seen" not many bother
See the article here: Only Hope For Italy is Bankruptcy
View the original here: General Obligation Bondholders Beware: Detroit Bankruptcy Affirmed, Governor Shielded From Lawsuits; Triumph of Math Over Unions
View article: Obama’s HAMP Program a Stunning Success
View article: Unions and Fundamental Freedoms: Two Upcoming U.S. Supreme Court Cases
Now That’s Backwardation! Recall the definition of backwardation: Current price above future delivery price . There are many reasons this can happen with commodities, but the typical explanations are: temporary short-term supply shortage, expected future supply, or expected falling demand. Supposedly this can never happen with gold because " gold is money ".