Please, click here to read this article in pdf format: March 18 2012 We are back from Washington DC and realize that we could choose different titles for today’s letter. Let’s try a few… Title No.1: “The market proved us wrong” Indeed, we have been, and continue to be ...
Posted to
A View from the Trenches
by
Martin Sibileau
on
Sun, Mar 18 2012
Filed under:
Filed under: Atlantic, KreditAnstalt, correlation, stocks, central banks, Greece, gold, Fed, financial repression, swaps, price system, 1931, ECB, Hayek, currency swaps
Yesterday it was a interesting day at the stock exchange in Germany. Up 1.7 or so %. That's quite a mark. However it was fuels by the "hope" or "certainty" that there will be new payments for Greece. So that is interesting. Although it's getting more and more obvious that...
Stocks are off about 80% from their peak, at least as measured in ounces of gold. This chart shows the Dow priced in ounces of gold. Currently, it takes just under 10 ounces of gold to “buy” the Dow. Over time, this ratio has ranged from 1 to over 40. Some investors use this relationship...
US shares fall below 7,000 level to 12-year low The global rout in global stocks spread to the US market today, sending America’s blue chip index plunging below the 7,000-mark for the first time since April 1997. As Gordon Brown, Britain’s Prime Minister, headed to Washington for talks with...