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Latest Articles: Business/Finance
Rickards: Gold Could Ultimately Surpass $9,000 an Ounce
Post Date: 2014-01-04 14:50:29 by BTP Holdings
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Rickards: Gold Could Ultimately Surpass $9,000 an Ounce Thursday, 02 Jan 2014 11:14 AM By Dan Weil Gold will reach $7,000 to $9,000 an ounce or possibly higher in the "intermediate" term, thanks to the dollar's weakness, says James Rickards, senior managing director of Tangent Capital Partners. The move won't happen right away, he tells Bloomberg. Gold fell 28 percent in 2013 and could drop further before the rally begins. But ultimately, the precious metal is headed higher, Rickards contends. "That really is the inverse of the collapse of confidence in the dollar. The Treasury, the Federal Reserve and other central banks will have to return to gold to restore ...
Why Socialism Failed
Post Date: 2014-01-04 11:31:28 by BTP Holdings
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Why Socialism Failed by Mark J. Perry Profits and Losses Socialism also collapsed because of its failure to operate under a competitive, profit-and-loss system of accounting. A profit system is an effective monitoring mechanism which continually evaluates the economic performance of every business enterprise. The firms that are the most efficient and most successful at serving the public interest are rewarded with profits. Firms that operate inefficiently and fail to serve the public interest are penalized with losses. By rewarding success and penalizing failure, the profit system provides a strong disciplinary mechanism which continually redirects resources away from weak, failing, and ...
French investors delegation to visit Iran this month
Post Date: 2014-01-04 05:15:53 by Tatarewicz
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A delegation of French investors are scheduled to visit Iran this month in line with Tehran’s plan to boost foreign investment in the country, Iran’s deputy minister of industry, mines and trade says. Iran’s Industry, Mines and Trade Ministry is coordinating plans for the presence of international investors in the country’s mine and steel projects, Mehdi Karbasian, told Mehr news agency on Saturday. “Accordingly, a delegation of French investors will travel to Iran to hold talks with IMIDRO (Iranian Mines and Mining Industries Development and Renovation Organization),” he said. “A broad spectrum of mining and steel projects will be presented to these ...
Economic Forecast 2014? Mostly Cloudy?
Post Date: 2014-01-02 17:28:54 by BTP Holdings
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Economic Forecast 2014? Mostly Cloudy? By Michael Busler Thursday, January 02, 2014 Many economists are forecasting that economic growth in 2014 will be in the 3% to 4% range. This is a significant increase over the roughly 2% growth that we have seen for the last four years, since the recession officially ended in mid-2009. But is that forecast realistic? There are a number of factors that suggest it is. Economists note that from August to November, the economy added about 204,000 jobs per month. This is an increase over the 180,000 jobs per month that were added for the first seven months of 2013. This increase has reduced the unemployment rate to 7%. The added employment should ...
"But Bloomberg's a Businessman"
Post Date: 2014-01-01 20:27:31 by snoopdougg
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He was a successful businessman, so he was pro-freedom while in office, right? Full article here: wp.me/p13mHb-19m
The Fed Can't Print You a Brighter Future
Post Date: 2014-01-01 16:31:04 by BTP Holdings
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The Fed Can't Print You a Brighter Future by Doug French Stock indexes are making new highs. With share prices surging the collective mood must be ebullient. After all, stock prices are the collective present value calculations of investors' guesses as to future earning streams. Future profits and prosperity equal current high stock prices. But this isn't your ordinary market. While stock prices portray exuberance, at no time in history have American adults feared more for the futures of their children. Americans answering a survey from Pew Research aren't wild about the present economy and see trouble ahead. Only 33% think the economy is good now. More importantly, the ...
Economist Joseph Stiglitz: Great Malaise Will Continue Into 2014
Post Date: 2014-01-01 13:58:14 by BTP Holdings
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Economist Joseph Stiglitz: Great Malaise Will Continue Into 2014 Monday, 30 Dec 2013 03:20 PM By Dan Weil The global economic picture wasn't a pretty one in 2013, and it will remain that way next year, says Nobel laureate economist Joseph Stiglitz. "There’s something dismal about writing year-end roundups in the half-decade since the eruption of the 2008 global financial crisis," the Columbia University professor writes on Livemint. "Yes, we avoided a Great Depression II, but only to emerge into a Great Malaise, with barely increasing incomes for a large proportion of citizens in advanced economies. We can expect more of the same in 2014." In the United ...
Oil maarket - 1914 - View from Russia
Post Date: 2014-01-01 09:08:13 by Tatarewicz
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Pravda...Collapse looming on oil market in 2014? 17.12.2013 Foreign experts provide devastating forecasts for the oil market and believe that the conflicts in the Middle East would affect the value of "black gold." According to the experts, price per barrel will fall at least five times. One of the major players, the Russian Federation, will then be in a disadvantaged position. However, Russian experts were quite amused by these forecasts. Foreign experts and analysts have long been threatening Russia and other world powers with falling oil prices. Despite the fact that so far the conflict in Syria supports the world market price of oil at a high enough level, next year, amid ...
Apple's Board Asks Shareholders to Reject Carl Icahn's Newest Proposal and CEO Tim Cook Drops Shares.
Post Date: 2014-01-01 04:35:25 by Tatarewicz
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.... On Dec. 27 Apple’s Board issued a preliminary proxy statement with the Securities & Exchange Commission (SEC) regarding its upcoming shareholder meeting in February. Among the proposals that are to be addressed in this shareholder meeting is Guru, Carl Icahn’s, buyback proposal. The guru, known for his activist investing, is not afraid of getting his hands a little dirty as we saw earlier this year with the Dell (DELL) debacle. But in regards to Apple (AAPL), Carl Icahn requested that the company buy back no less than $50 billion of its shares during the fiscal year ending in September. It is this proposal that Apple’s board is trying to deter its other ...
Gold on track for biggest annual loss in three decades
Post Date: 2013-12-31 18:03:51 by X-15
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LONDON (Reuters) - Gold held steady in thin year-end trade on Tuesday, on course for its biggest annual decline in 32 years as prospects for global economic recovery prompted investors to switch to riskier assets. After a 12-year bull run gold has shed around 28 percent in 2013, with the U.S. Federal Reserve's plan to step away from ultra-loose monetary policy undermining the investor case for holding bullion. Years of accommodative monetary policies had propelled the price of gold to all-time highs of $1,920.30 an ounce in September 2011, as low interest rates encouraged investors to put money into non-interest-bearing assets. "As soon as short-term interest rates start rising ...
This Miracle Metal is Set to Rebound
Post Date: 2013-12-30 19:51:51 by BTP Holdings
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This Miracle Metal is Set to Rebound by Byron King In today’s episode…we feature a graphene essay from our own Byron King. We have to give kudos where they’re due. Byron beat the drum over the multitude of practical uses for graphene throughout 2013. Writing the essay below back in July, he was forecasting the rebound of GrafTech (NYSE:GTI) shares after they hit lows that month. Over the next four months, the stock rose more than 66%. Almost everywhere I go, almost every place I look, I'm seeing new uses for what I call the "miracle material." Research budgets are skyrocketing. The top scientific minds of the world are flocking into a new field that ...
World's biggest potash cartel to renew
Post Date: 2013-12-30 01:45:12 by Tatarewicz
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The new owners of Russian potash producer Uralkali are to resume cooperation with Belaruskali of Belarus, which means the cartel that used to control about 40 percent of world potash exports will be back. "After the change of owners - shareholders were replaced by Uralchem [the world's second largest ammonium nitrate producer] and interests of Prokhorov [Russian tycoon-turned-politician] - Uralkali is ready to restore cooperation with Belaruskali," the Russian ambassador to Belarus Alexander Surikov told a news conference on Friday. The Russian side "acted thoughtlessly and did not calculate all the consequences" from the collapse of the potash cartel, but ...
France approves controversial super tax
Post Date: 2013-12-29 23:28:52 by Tatarewicz
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France’s Constitutional Council has approved that a government's controversial super tax to be levied on companies paying salaries more than one million euros a year. On Sunday, France's highest court gave the green light to the 75-percent tax proposal that has been introduced by the government of President Francois Hollande. The initial proposal for levying a high tax on high earners was ruled unconstitutional by the Constitutional Council last year. The government, however, modified it, saying the tax rate would apply to companies paying salaries over one million euros annually. The tax, which is expected to affect about 470 companies and a dozen soccer clubs, will ...
Prices Fall below Mining Costs in Unusual Development
Post Date: 2013-12-29 12:05:08 by BTP Holdings
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Podcast at the link: www.independentlivingbull...ail&AID=3818#.UsBVdPHnaM8
The Wolf of Wall Street - Trailer 1
Post Date: 2013-12-28 16:42:00 by Lod
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Deceptions, Dupes & Dots (by the incomparable Jim Willie)
Post Date: 2013-12-28 10:44:07 by christine
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Let us take a break from the hustle & bustle loaded to the gills with nastiness and mayhem. Consider some information cookies during the Christmas holiday down time, not without a few lumps of coal. The deceptions are deep; the ranks of dupes are legion; connecting the dots is not so easy. Despite the constant stream of deception and the steady interference by the well-meaning but all too often simpletons in the madding crowd mixed with sheep, the story can be rather extensively told. It takes the new skill of connecting the dots, along with a mental stubbornness mixed with a certain measure of insight. The phrase connecting dots was not heard by the Jackass until a few years ago, from ...
Boycott Bitcoin!
Post Date: 2013-12-27 15:20:16 by BTP Holdings
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Boycott Bitcoin! by Joel Bowman Well, it's been something of a sad week for proponents of Bitcoin... Would-be buyers of the fringy cyber experiment have had to watch as the price of their beloved currency shot to within (as of this writing) just over $40 per coin. No buyer wants to see that kind of action...unless they are also an "already boughter." In other words, current owners and maybe-one-day sellers are sitting fairly pretty. Since the beginning of January, the Bitcoin price is up from around $13 in January (and 5 cents in 2010). Not a bad move for those who spent the past couple of months "hoarding." (The correct word, let it be on the record, is ...
The Tug-o-War Between Government Meddlers and Entrepreneurs
Post Date: 2013-12-26 17:36:22 by BTP Holdings
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he Tug-o-War Between Government Meddlers and Entrepreneurs by Addison Wiggin Two years on Addison is still trying to grapple with “the contrast between the overwhelming rot penetrating governments and the financial system on the one hand... and the staggering entrepreneurial potential that can overcome the rot on the other.” In this essay Addison penned on June 27th he recounts the origins of his inquiry: Which force will win out, innovators or politicos? Enjoy... “The problem with the French is… they don’t have a word for ‘entrepreneur.’” - rumored to have been uttered by President George W. Bush to British Prime Minister Tony Blair "I ...
Another Zio for the Fed?
Post Date: 2013-12-26 15:03:57 by Lod
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Buckie wants the head of Bank of Israel as number 2 at the Fed - read it and weap -
Business Insider's Blodget: 'Stocks Are at Least 40 Overvalued'
Post Date: 2013-12-26 14:28:05 by BTP Holdings
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Business Insider's Blodget: 'Stocks Are at Least 40 Overvalued' Thursday, 26 Dec 2013 07:39 AM By Dan Weil The stock market's torrid rally has left it vastly overvalued and vulnerable to a horrific plunge, says Henry Blodget, editor-in-chief of Business Insider. "Every valid valuation measure I look at suggests that stocks are at least 40 percent overvalued," he writes on the service. Among examples Blodget cites is that the cyclically adjusted price-earnings ratio, based on 10 years of profits, stands at 25, compared with a long-term average of 15. In addition, the current ratio of stock market capitalization to revenue is 1.6, compared with a long-term ...
Syria signs oil, gas development deal with Russia
Post Date: 2013-12-26 04:42:49 by Tatarewicz
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PressTV... The Syrian government has inked an oil and gas deal with Russian company Soyuzneftegaz for offshore drilling. The "Amrit" contract, which was signed by the Syrian Ministry of Petroleum and Mineral Resources and the Russian firm on Wednesday, spans 25 years and covers oil exploration in the area between the Mediterranean port city of Tartous and Banyas city at a depth of 70 kilometers. The contract "is the first ever for oil and gas exploration in Syria's waters," AFP quoted Syria’s General Petroleum Company head Ali Abbas as saying. “It will be financed by Russia, and should oil and gas be discovered in commercial quantities, Moscow will ...
SocGen's Legland: Gold Has Lost its Safe-Haven Status
Post Date: 2013-12-25 12:52:16 by BTP Holdings
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SocGen's Legland: Gold Has Lost its Safe-Haven Status Tuesday, 24 Dec 2013 08:36 AM By Dan Weil Gold has often been viewed as a safe-haven investment in times of turmoil, but not this year, says Patrick Legland, a cross-asset strategist at Societe Generale in Paris. "Gold lost its role as a safe haven against systemic risk in 2013," he writes in a commentary obtained by MarketWatch. The precious metal dropped to a three-year low last Thursday, a day after the Federal Reserve announced a tapering of its bond purchases. The precious metal has dropped 28 percent so far this year. Legland lists several events that were unable to lift gold. "The Italian elections, the ...
Bloomberg anchor displays bitcoin on TV, immediately gets robbed by viewer
Post Date: 2013-12-25 06:28:47 by Tatarewicz
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Bloomberg TV provided viewers with an important lesson in digital currency when one of its anchors had a gift card stolen while showing it during a live broadcast. On Friday, December 20, Matt Miller surprised his two fellow anchors – Adam Johnson and Trish Regan – with bitcoin gift certificates during his “12 Days of Bitcoin” segment. Johnson then flashed his certificate on the screen for roughly 10 seconds - more than enough time for a Reddit user to scan the digital QR code with his phone and take the gift for himself. The user, who goes by the name “milywaymasta,” took to Reddit to explain what happened. “The guy that is hosting the series gave ...
El-Erian: 2014 Shapes Up as a 'Pretty Good' Year
Post Date: 2013-12-24 17:29:12 by BTP Holdings
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El-Erian: 2014 Shapes Up as a 'Pretty Good' Year Monday, 23 Dec 2013 06:32 PM By Dan Weil Count Pimco CEO Mohamed El-Erian as a cautious optimist for the U.S. economy in 2014. Next year is "certain to be better in terms of growth,” he told Yahoo. El-Erian forecast a GDP expansion in the range of 2.25 percent to 2.75 percent. "That’s pretty good growth performance for an economy that’s been stuck in second gear," El-Erian said. Editor’s Note: 5 Phases of a ‘Retirement Heist’ Exposed (See Video) The economy averaged annualized growth of 2.6 percent in the first three quarters of this year. But that included an outlying expansion of ...
On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever
Post Date: 2013-12-24 00:18:52 by Southern Style
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December 23, 2013 On The 100th Anniversary Of The Federal Reserve Here Are 100 Reasons To Shut It Down Forever December 23rd, 1913 is a date which will live in infamy. That was the day when the Federal Reserve Act was pushed through Congress. Many members of Congress were absent that day, and the general public was distracted with holiday preparations. Now we have reached the 100th anniversary of the Federal Reserve, and most Americans still don't know what it actually is or how it functions. But understanding the Federal Reserve is absolutely critical, because the Fed is at the very heart of our economic problems. Since the Federal Reserve was ...
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