By John Galt May 25, 2011 Gee, is China trying to pump up precious metals prices or screw the Eurozone? This story from Bloomberg tonight: Euro Advances on Report China Interested in Buying European Bailout Bonds is an indication of the desperation of the world’s central banksters to keep the fiat merry-go-round going one more day, week, or month. The Euro did advance nicely as you can see in the chart below, but is China going to be there to bail our all of the…
You can download the program by clicking on this link. Thank you for supporting the Watchmen Radio Network.
By John Galt May 25, 2011 Tonight we express doubts. In oneself. In our nation. In the future. And how it will destroy the West in the face of the most dangerous threat to freedom in world history. To listen to the show tune in from 7-9 PM ET for one of the fastest growing internet radio shows or you can download the archives after 10:o0 p.m. ET by clicking on this link. If you are unable to listen there you can also hear…
By John Galt May 25, 2011 It is truly a sad moment for those who followed Mark Haines career at CNBC. He was one of the few journalists who actually asked the hard questions and did not participate in the financial markets as either a cheerleader or reporter with an agenda. Godspeed to you Mr. Haines and may everyone pray for his family.
By John Galt May 25, 2011 Ouch. From a plus 4.4% to a 3.6% decline is a massive miss. New orders for capital goods minus defense was down 2.6% and that means the future economic growth prospects are murky at best. The full report from the Commerce Department is fairly bleak especially with the decline of 3.4% in machinery orders even though it is still above the 2010 numbers. Have no fear, QEXX.xx will save the day eventually.
By John Galt May 25, 2011 Astonishingly enough, the world is not heaping praise on Israel from preventing a murderous dictator from developing nuclear weapons. I know that seems shocking to the readers of these pages but the IAF may have saved the world from Hezbollah getting their terrorist hands on functioning atomic weapons or at least nuclear material for making dirty bombs. The Obama administration has offered no measurable mainstream commentary on this report although they are playing the “human rights” angle against the…
By John Galt May 25, 2011 From FinViz.com: The key numbers to watch are 76.60 and 75.70ish as the battle for 76 is enjoined by the JCB which wants a stronger dollar and the ECB which wants a weaker Euro to aid their exports and enable their weak institutions to borrow on the cheap. The battler for fiat insanity is being fought this summer and once the Euro breaks 1.40 with authority they will hold the lead in the devaluation sweepstakes.
By John Galt May 25, 2011 Could it be? A report indicating a 3.1% increase in the week over week unadjusted purchase index over last year, mind you last year’s number was really bad in May 2010, indicating there could be a sign of life in the mortgage industry? The MBA Weekly Report reflects just that and if we could get a sustained trend of increases it might start to save some of the remaining construction jobs in America.
By John Galt May 24, 2011 First, read the propaganda from the MSM: Home Sales Buoy Hopes for Real Estate Wall Street Journal - Robbie Whelan US new home sales at 4-month high, supply drops Economic Times New Home Sales Pick Up For Second Straight Month NPR U.S. April new home sales up 7.3% MarketWatch - Greg Robb New home sales up in all regions, inventory at historic lows AgentGenius The last headline is particularly amusing because when you break down the truth of the inventory story…
Recent Comments