Source: Gary Tanashian - "Back to Bonds"



Vallicella: "Seneca on Leisure and Philosophy"

Via Kirby: ""People used to buy jewellery for Diwali but this time they are buying only gold coins, biscuits and bars," said Girish Choksi, a leading bullion merchant and past president Manekchowk Choksi Mahajan."

Jim Willie:

"To compound the twists to the system, information in the form of official statistics have been tampered or doctored, if not withheld, all for the greater good. However, the end result of all the market interference, as well as distorted information, is a giant opportunity to exploit the coiled springs.

...Accounting must keep up with the times, must experience upgrades in progress so as to match the upside down pyramids of derivative monsters.

...Management of the US Dollar foreign exchange rate is vital for imposing a ceiling on rising costs within the economy. The oppositional tally of futures contracts by commercial and speculative groups is important. If the mountain of naked shorts is to be kept in place, which impose that same ceiling on rising costs, then big corporations must be given free rein to get the job done in the trading pits."

See also the discussion relating to J P Morgan and Amaranth.

Shadow Government Statistics: http://www.shadowstats.com/ [Link via Jim Willie]

Gary Tanashian:

"In a fiat system, it is growth in liquidity that spurs economic growth at the expense of currencies.

...[B]ut even as oil, housing and gold remain under control, the bond market is getting edgy."