Bitcoin Plunges Into Bear Market

UPDATE: BTC has rallied 26% off its lows in the last 55 minutes – with extreme volumes   From it's gold-matching highs at $1242 on Thursday night, the price of Bitcoin has collapsed over $400 (32%) to $840 on heavy volume. Of course, this is … [...]

Macro Considerations

The macro picture remains largely unchanged. Janet Yellen is expected to lead the Federal Reserve into a new phase by beginning to taper its long-term asset purchases early next year. The ECB is expect to move in the other direction, leaning against th… [...]

Grant Williams On Flushing The Impurities Of QE From The System

Grant Williams "pulls no punches" in this all-encompassing presentation as the "Things That Make You Go Hmmm" author reflects on what is behind us and looks ahead at the ugly reality that we will face when "the impurities of QE… [...]

Tepco To Build Two Coal-Fired Plants In Fukushima

After being essentially nationalized as a result of the Fukushima explosion, and following years of denial finally admitting that TEPCO has lost control of the clean up effort of the Fukushima nuclear power plant corpse, one would think Tokyo Electric … [...]

U.S. Oil Supplies in Storage Set to Pass the 400 Million Threshold

By EconMatters     Trend is to Store more Oil    A year ago oil in storage stood at 274 million barrels, and with another robust year of domestic production, and despite curtailed imports, the US Oil Inventory stands … [...]

There Are 199,235 "Ultra High Net Worth" People In The World With Over $30 Million In Assets

It is no secret that the bulk of “very rich people” in recent years has been created in Asia (where some $15 trillion in liquidity has entered broad circulation in just the past five years). As the FT reports, “Asia is producing more new wealth than an… [...]

"Is This The Right Time To Get Into Gold?"

Today’s AM fix was USD 1,245.25, EUR 915.29 and GBP 763.07 per ounce.Yesterday’s AM fix was USD 1,241.75, EUR 913.12 and GBP 760.46 per ounce. Yesterday the markets were closed in the U.S. for the Thanksgiving national holiday.The closing fix in L… [...]

Spock’s Wisest Words

I have been a fan of Star Trek (the original series) ever since I was a child. The show means a lot to me on multiple levels, and I spent many hours in my youth watch and re-watching every episode. (And this is before we had these here newfan… [...]

Japan Dispatches F-15s, E-767s And P-3 Into China’s Air Defense Zone, China Scrambles Su-30 In Response

China’s escalation and re-escalation described in detail yesterday, has just been met with a corresponding re-re-escalation by Japan. China’s Ministry of Defense reports that the nation identified Japanese military planes that entered into Chinese air… [...]

Frontrunning: November 29

So much for the euphoria: Stores open early on Thanksgiving but shoppers in no rush (Reuters) Get to work Mr. Chairwoman: Do-Nothing Congress Dithers on Budget as Deadline Nears (BBG) FX to Libor Probes Leave U.K. Traders Looking for Lawyers (BBG) Pro… [...]