Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks
February 26, 2013 0

Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks

By News Desk

Less Than Useless: Goldman Sachs Lowers Gold Forecast Following Plunge (Purposely Late?); Downside Risks In the less than useless category, Goldman Sachs lowered its gold price targets by over $200 an ounce following the recent plunge. Goldman now says Gold’s Cycle Seen Turned . The cycle for gold prices, which climbed for 12 straight years, has probably turned as the recovery in the U.S

Youth Vote Propels Five Star Movement Into First Place as Largest Political Party in Italy
February 26, 2013 0

Youth Vote Propels Five Star Movement Into First Place as Largest Political Party in Italy

By News Desk

PIER LUIGI BERSANI – PARTITO DEMOCRATICO – 8,399,991 Votes – 27.43% GIUSEPPE PIERO GRILLO – MOVIMENTO 5 STELLE – 7,285,648 – 23.79% SILVIO BERLUSCONI – IL POPOLO DELLA LIBERTA’ – 6,829,135 Votes – 22.30% MARIO MONTI – SCELTA CIVICA CON MONTI PER L’ITALIA – 2,797,451 Votes – 9.13% The center-left received a higher percentage of votes than the center-right by a 31.63% to 30.72% margin. However, Senate seats are assigned based on regional totals and the result will be something like a 119 to 117 spit with the Five Star Movement picking up 54 Seats. A majority takes 158 so no coalition is likely

Italy Senate "Ungovernable"; No Coalition Possible
February 25, 2013 0

Italy Senate "Ungovernable"; No Coalition Possible

By News Desk

Grillo 57 Monti 17 There are 315 total seats and the total above is only 301. Although 14 seats remain, not even a Monti-Bersani coalition in addition to those 14 seats would bring Bersani’s total to 158. Curiously, it appears Bersani received a plurality of the Senate popular vote with 32% compared to Berlusconi’s 30.2%.

"Great Rebalancing" Book Review: Two Thumbs Up; Investment Ideas for Unconventional Times
February 25, 2013 0

"Great Rebalancing" Book Review: Two Thumbs Up; Investment Ideas for Unconventional Times

By News Desk

"Great Rebalancing" Book Review: Two Thumbs Up; Investment Ideas for Unconventional Times With much pleasure, I highly recommend Michael Pettis’ newest book " The Great Rebalancing ". Pettis’ book covers global trade issues with a focus on current events in Asia, Europe, the United States, and the commodity producing nations. Read the book and you will see that much of the "common wisdom" espoused by others on global trade issues is not "wisdom" at all