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What is Money?
August 7, 2008. From Chapter Six of "The Collapse of the Dollar..." by James Turk and John Rubino: So far we’ve tossed around terms like “money” and “currency” with some abandon. If this left you a little unclear about their exact meaning, not to worry, you’re in good company; the world’s business and political leaders appear to be just as confused. So before considering gold’s once and future role in the global economy, let’s examine the true nature of money. Pick up any introductory economics text, and you’ll see money defined as something that performs three functions: More...

Best Quotes of July 2008
August 4, 2008. The phrase ‘systemic collapse’ is rarely used in financial circles, but with housing collateral values in continued decline, there is an enormous financial margin call rippling through the system. In the OTC derivative market, values are unable to be quantified as increasingly spreads are widening and illiquidity becomes more acute. An accident is at hand. More...

Best of the Web
The Meaning and Value of Gold – Glen Allport
Dead Men Walking – Bennet Sedacca
Price of an Illusion – New York Times
Inflating the Next Bubble – Eric Janszen
What's Next for Gold and the Dollar? – USA Gold
How Much Capital? – Christopher Whalen
Why So Depressed?– Chris Puplava
The Great Consumer Crash of 2009 – James Quinn
Worst Financial Crisis in Decades – Nouriel Roubini
The Job Recession is Here – Eric Janszen
Global Crunch – Ambrose Evans-Prichard
Gold and Silver Disconnect – James Conrad
Wall Street's Jobless Try Cupcakes – Bloomberg
Silver Buying Opportunity – Franklin Sanders
Whatever Happened to Decoupling? – John Mauldin
Billions Will Become Trillions – Bob Chapman
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Breaking News

The Economy
8/27   U.S. thrifts' 2Q loss of $5.4 billion is second largest ever – Associated Press
8/27   Putting the US in "USA" – HoweStreet
8/27   Credit card rage – BusinessWeek
8/27   Soft Canadian jobs market masked by public hiring binge – Mish
8/27   Cash-strapped FDIC considers tapping Treasury – Mish
8/27  
Inflation or deflation: Which will it be? – MoneyMorning
8/27   Orders for manufactured goods ris – New York Times
8/26   Sanderson Farms swings to loss – MarketWatch
8/26   J. Crew stung by weaker sales, stock falls – MarketWatch
8/26   Someone did foresee the credit crisis – Elliott Wave International
8/26   Bank earnings fall to $5 billion – MarketWatch
8/26   When you're here, you're dysfunctional family – Motley Fool
8/26  
Shoppers skip the clothes – MarketWatch
8/26   Credit crunch hurting entrepreneurs" – Dallas Morning News
8/26   Smithfield swings to loss as feed grain costs rise – MarketWatch
8/26   Weak restaurant sales lead Darden to warning – MarketWatch
8/26   Is China's growth story coming unglued? – Mish
8/26   Why Spain's banking sector could be facing a death blow – MoneyWeek
8/26   Consumer outlook up more than expected in August – Associated Press
8/25   JP Morgan takes $600 million hit on Fannie, Freddie preferred – Reuters
8/25   Fannie and Freddie crisis is Paulson's big moment – Financial Times
8/25   Ex Bank of England official slams Fed – Sydney Morning Herald
8/25   Lehman, the tooth fairy, and the revenge of the short sellers – Wall Street Journal
8/25   Libor signals credit seizing up as banks balk at lending – Bloomberg
8/24   Pension Benefit Corporation rolls the dice at exactly the wrong time – Mish
8/23   What will Mac 'n' Mae cost you and me?– New York Times

Precious Metals
8/27   Operation meltdown – GoldSeek
8/27   Six golden investments for a commodities bounce – Seeking Alpha
8/27   Frank Barbera: Precious metals heading to all-time high – Seeking Alpha
8/27   The great gold, silver conspiracy explained – Mish
8/27   Sorry, there's no silver conspiracy – Seeking Alpha
8/27  
Is this the death of gold and silver stocks? – Seeking Alpha
8/26   Silver has bottomed – SafeHaven
8/26   Rubicon continues to hit bonanza-grade gold – Yahoo!
8/26   Market recap and commentary – Goldmau
8/25   Eagle rationing: where there's smoke there's fire – Goldmau
8/25   Wake up call – Financial Sense
8/25  
U.S. Mint resumes gold coin shipments on a limited basis – Reuters
8/25   A rough projection of gold and silver prices – Liberty Valley Investors
8/25   Junior gold miners may get boost from M&A activity – Seeking Alpha

The Dollar
8/27   Asia is about to give U.S. a kick in the Fannie – Bloomberg
8/27   Fed hints it will raise benchmark interest rate – Blue Ridge Now
8/26   James Turk: At the edge of a precipice – HoweStreet
8/26   Euro tumbles on growing German gloom – MarketWatch
8/25   Washington quietly repudiating its debts – Mortgage Lender Implode-O-Meter
8/23   Inflation, European style – Money and Markets
8/22   Investors chase phantoms – EuroPacific Capital
8/22   Canadian dollar falls as oil prices ease, bonds drop – Reuters
8/21   Dollar extends losses after weak data – MarketWatch
8/20   Jump in inflation puts Federal Reserve on the spot – Los Angeles Times
8/20   Soaring sugar prices sour inflation further – Sify
8/20   Dollar eyes most gains, markets eye global weakness – MarketWatch
8/18   Steve Saville on the U.S. dollar and gold – Mish
8/18   Europe's trade deficit widens – Bloomberg
8/17   The dollar has been allowed to appreciate – Ciovacco Capital

The Real Estate Bubble
8/27   Villains of the housing crisis are denying all responsibility – AlterNet
8/27   R.I. sales, prices slip as foreclosures rise – Providence Business News
8/27   How much lower can they go? – Housing Bubble
8/27   FDIC increases loss estimate for IndyMac – Calculated Risk
8/27   Two million troubled borrowers avoid foreclosure – CNN Money
8/26   Fear of defaults after a flurry of apartment house sales – New York Times
8/26   Large homebuilder may be near bankruptcy – TheStreet.com
8/26   A matter of principal - here comes the tsunami – iTulip
8/26   Lord of the mortgages – Dr. Housing Bubble
8/26   Home prices plummet to new record – CNN Money
8/25   Communities become home buyers to fight decay – New York Times
8/25   July existing home sales: record inventories – Calculated Risk
8/24   No second half recovery – Dr. Housing Bubble
8/24   Home buyers hold fate of U.S. economy – Reuters
8/23   $350,000 discount in two years – Dr. Housing Bubble
8/22   Fannie, Freddie preferred stock downgraded by Moody's – Bloomberg
8/22   Buffett: Fannie, Freddie too big to fail – Associated Press
8/22   Bottom-calling now its own genre – Professor Piggington
8/22   What's happening is historic – Housing Bubble
8/22   Burdened by mortgages, Lehman's options narrow – New York Times

Clean Tech
8/20   New catalyst creates hydrogen from biofuels – Cleantech Media
8/20   The latest from GSI – GreenStockInvesting
8/20   Today's winners and losers – Alt Energy Investor
8/14   Two large solar plants planned in California – New York Times
8/14   Solar collector could turn asphalt roads into renewable power source – Science Daily
8/13   Clean, cheap drinking water purified through nanotechnology – Nanowerk
8/13   Three plays on geothermal – iStockAnalyst
8/6     Yingli Green sees profit triple – Greentech Media

 



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