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This story would make a hell of a movie

I've cut down my gold position by 50% and bought CAD,CHF to hedge my USD exposure. I'm quite concerned about a further decline in commodity prices and all the hysteria and optimism towards gold. I'm not sure the deflation fears that are likely to emerge(starting by yesterdays mention of...

Grant finally makes a prediction that makes any sense. But its funny, what kind of V shaped recovery needs another massive jolt of monetary stimulus http://www.zerohedge.com/article/jim-grant-confident-qe-20-just-around-corner

Well, MZM is negative yoy

"The stock market has risen 18 percent on an annualized basis when earnings expectations are below 5 percent. When expectations rise above 15 percent, annualized total returns fall to -12 percent. Stocks are more vulnerable when robust earnings growth is already assumed by investors."...

Duke's comment regarding no more Fed stimulus are surprising. Lacker I would consider almost irrelevant as he loves to run his mouth(like when he said the fed might not buy all the assets they promised). I have no idea what is she thinking, I suppose they really believe the banks are about to...

FOMC minutes from now on will be huge, publicly the voters seem to shy to come out and say they need to do more but at the table they seem more honest

Krugman's lastest: Useless spending by Congress pays for itself http://krugman.blogs.nytimes.com/2010/07/07/self-defeating-austerity/ I would agree that SOME spending might pay for itself, like necessary infrastructure projects and others. But they did a $750B worth of stimulus, they are...

Hussman on morning star http://pragcap.com/rare-interview-with-john-hussman-why-he-is-bearish-right-now

Larry Meyer argues Ben Bernanke owns the FOMC http://blogs.ft.com/money-supply/2010/07/07/laws-of-the-fed/#more-57796

I've been listening to the audio book 'Wisdom of Crowds' for a while now. I highly recommend it. Apparently there situations where crowds can be expected to make intelligent guesses and when they are expected to act dumb depends on a number of factors

Pimco not on double dip camp yet http://www.cnbc.com/id/15840232?video=1539076595&play=1

EFF continues to be quite low even after the 2nd quarter end

Krugman defends stimulus in 25 min interview http://noir.bloomberg.com/avp/avp.htm?N=video&T=Paul%20Krugman%20Interview%20About%20U.S.%20Economy%20&clipSRC=mms://media2.bloomberg.com/cache/v7Uk5VnIdRek.asf She lost the chance to ask him about the Rogoff disagreement over stimulus. I would...

ISM Services bellow expectations support the view that the economy is slowing more than the forecasters think

Hussman commentary http://www.hussmanfunds.com/wmc/wmc100706.htm He makes an interesting critique regarding fiscal stimulus. Says private investment doesnt have to be fixed as assumed by Keynes, government can perhaps create "tax incentives, R&D credits, and other means" to stimulate...

Rogoff on Bloomberg http://noir.bloomberg.com/avp/avp.htm?N=av&T=Rogoff%20Sees%20Beginning%20of%20China%20Property%20%60Collapse'&clipSRC=mms://media2.bloomberg.com/cache/vdQcSxrot1Ts.asf

Gates spends quite a bit of money through his foundation, furthermore he own MSFT shares that also have quite a big of capex going on

Barton 'US stock will rally some more' Biggs is bearish and in the double dip camp. Now thats a surprise http://noir.bloomberg.com/apps/news?pid=20601087&sid=adURN7wlVQWE&pos=2

"ECRI Weekly Leading Indicator Ever Closer To The -10% Threshold, Drops To -7.7" http://www.zerohedge.com/article/ecri-weekly-leading-indicator-ever-closer-10-threshold-drops-77-leads-another-leg-lower-stoc I'm sure Barry Ritholtz will blog how thats irrelevant and how some models that never...