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October 31, 2011, at 10:01 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Jim,
Here we go. Watch the Chinese control the finance world.
Regards, CIGA Luis Ahlborn Sequeira
China advocates Europe borrow in renminbi By David Marsh, MarketWatch
BEIJING (MarketWatch) — In the wake of last week’s new deal on European debt, China is serving up a steely reminder to Europe: you may have to
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October 31, 2011, at 12:08 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
If called on to perform they will fail. It is that simple. It is the essence of the OTC derivative. They work if no one calls on them to work.
It has always been so.
Credit-Default Swap Risk Bomb Is Wired to Explode: Mark Buchanan 2011-10-30 23:00:00.1 GMT By Mark Buchanan
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October 31, 2011, at 12:05 pm by Greg Hunter in the category USAWatchdog.com | Print This Post | Email This Post
By Greg Hunter’s USAWatchdog.com
Dear CIGAs,
Last week, the government announced the economy (gross domestic product, GDP) grew at a 2.5% rate. The mainstream media (MSM) hailed this as some significant turnaround. Businessweek.com reported, “Buoyed by a resurgent consumer and strong business investment, the economy expanded at an annual rate of 2.5 percent in
Continue reading The 2.5% GDP Growth Spin Job
October 30, 2011, at 7:31 pm by Jim Sinclair in the category In The News | Print This Post | Email This Post
Dear CIGAs,
I am on the road again but this time to return from summer in Tanzania to a blizzard in New England.
We got hammered. Over one foot of wet snow dropped trees like tooth picks. The temperature in Tanzania was about 85 degrees. The Indian Ocean is the color of the Caribbean
Continue reading In The News Today
By Greg Hunter’s USAWatchdog.com
Dear CIGAs,
The U.S. stock market surged yesterday on news the European Union (EU) would deploy a two trillion euro rescue fund to help get its sovereign debt crisis under control. This news was so good even battered Bank of America stock jumped more than 10%. Crisis averted? Hold on,
Continue reading The Age of Bank Failures
Dear CIGAs,
Please click the link below to listen to the past week’s metals wrap up from King World News, featuring our very own Trader Dan Norcini.
Click here to listen to the weekly metals wrap up!
October 28, 2011, at 9:58 pm by Jim Sinclair in the category Jim's Mailbox | Print This Post | Email This Post
Hey Jim,
Oh, oh… it must be getting VERY close to game-over time for a central banker to be telling the truth!
"The last duty of a central banker is to tell the public the truth." –Federal Reserve Board Vice Chairman Alan Blinder, Nightly Business Report, 1994
Now if only Mr. Carney would be
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October 28, 2011, at 10:27 am by Jim Sinclair in the category In The News | Print This Post | Email This Post
Jim Sinclair’s Commentary
This announcement seems to have had an impact as appliances speak so much to US basic economic conditions.
Whirlpool to cut 5,000 jobs to reduce costs By MAE ANDERSON
NEW YORK (AP) — Appliance maker Whirlpool Corp. plans to cut 5,000 jobs, about 10 percent of its workforce in North America
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