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China Warns US About Cutting Tapering Too Soon, Proposes BRIC Foreign Currency Fund 27 Aug 2013 | 10:13 pm
The focus for the entirely useless upcoming G20 meeting is fear over US tapering, capital flight, and liquidity. Reuters reports Ahead of G20, China urges caution in Fed policy tapering. The U.S. Fe...
Gold, France, a Currency Crisis, and Other Things 27 Aug 2013 | 11:52 am
Here is an interview I did with Fabrice Drouin Ristori at GoldBroker regarding gold, France, and other topics that I would like to share. Fabrice Drouin Ristori: Mish, you write a lot of commentaries...
Japan Finance Minister Seeks Record Debt Servicing on Interest on National Debt; What's Next? 27 Aug 2013 | 11:43 am
Be prepared for more stories like this because they are surely coming: Japan MOF to seek record debt-servicing costs in Fiscal Year 2014/15 Japan's Finance Ministry will request a record 25.3 trillio...
Reflections on "A Moral Obscenity": How Long Ago Was a War Against Syria Decided? 27 Aug 2013 | 08:15 am
Secretary of State John Kerry says the use of chemical weapons in Syria is "a moral obscenity". With that clue (and many others), note that Obama prepares wary US public for war with Syria. The Whit...
American Homes 4 Rent Update 27 Aug 2013 | 06:09 am
In Second Biggest US Landlord, Owner of 20,000 Homes, Terminates 15% of Staff Following Loss I inadvertently made this comment about American Homes 4 Rent: "56% of their properties are not rented and ...
Second Biggest US Landlord, Owner of 20,000 Homes, Terminates 15% of Staff Following Loss 27 Aug 2013 | 12:27 am
Steen Jakobsen, chief economist at Saxo bank pinged me with a few comments this morning. 1. The 2nd biggest employer in the US is a TEMP AGENCY – Kelly Services (with more than 550,000 people worki...
Durable Goods Orders Plunge 7.3%, Nondefense New Orders for Capital Goods Plunge 15.4%; Plunge to Accelerate? 26 Aug 2013 | 10:34 pm
US treasuries rallied a bit again today, with the 10-Year yield down 12 basis points in two days to 2.80% in the wake of a huge plunge in durable goods orders as reported by the commerce department. ...
Income Inequality Explained: Why Wages Don't, Won't, and Can't Keep Up With Productivity 26 Aug 2013 | 10:41 am
By now, everyone is well aware that real wages have not kept up worker productivity. But why is that? The Fed, government bureaucrats, and economists are puzzled by the phenomenon as well as what to ...
Hurry! Only 121 Shopping Days Left Before Christmas; What to Expect This Holiday Season; Perpetual Christmas 26 Aug 2013 | 01:57 am
Better hurry. There's "only" 121 shopping days left before Christmas. If you think that sounds ridiculous so do I. But all it takes is for one major retailer to start Christmas promotions a few days ...
Brazil Plans $60 Billion Currency Intervention Scheme; Indonesia Abandons Intervention, Adopts Other Measures 25 Aug 2013 | 11:02 pm
The Financial Times reports Brazil, Indonesia launch measures to shore up their currencies. Brazil and Indonesia have moved to stem the declines in their currencies and shore up confidence at the end...
