I am a bit under the weather this evening and will take the night off from a full post. I am armed with second generation antibiotics, so I hope to make some progress against my sinus infection.
Over 100 Articles on Seeking Alpha
Over the weekend my Seeking Alpha article count reached past the 100 mark. I am happy to have material posted over there, and the readership of that site is a pretty savvy crew. A personal milestone.
Mr. Practical Article
You know things must be crazy because Mr. Practical is posting more than usual. In today's missive on Minyanville, Mr. Practical again covers deflation in response to a pointed reader email he received. Well worth a look:
Money Can Indeed Perform Vanishing Acts
The title is misleading, I know full well money can vanish; it is what happens to most of my investments!
Job Creation Reality Check
I had this post up in the comments section last night, but in case you missed it it is very important. Clusterstock covers the math of John Mauldin about jobs, namely we will need to create over 250,000 a month to return to 5% unemployment in 5 years. As a reference the average 30 year monthly job creation number is 50,000. Even during the go go tech boom (1991-2000) job creation ran at 150,000 jobs a month. This seems like it may be a problem, but I am the alarmist sort.
Another Reason We Won't Have A V-Shaped Recovery: Jobs
Gold Manipulation in History
Zero Hedge had this leading headline on this morning:
Exclusive Smoking Gun: The Fed On Gold Manipulation
Naturally I was very excited.
The post covers in detail that the US FED, along with the Treasury, and strangely enough, the CIA, were indeed engaged in plenty of gymnastics in regards to gold prices and allocation. The only problem is this information is from the mid 1970's! While the content was clear and provocative, it is also seriously outdated. Sadly, we will have to wait another 20-30 years to find out what is going on behind the scenes today. Where's the Flux Capacitor when you need it most? Where is my Leonora Christine?
I am of the firm opinion that world central banks care very much about the price of gold. I am also of the firm opinion that gold over $1000 an ounce is not desired for the most part because of what that means in regards to fiat currencies. I think it is beyond question that gold plays a large role in top level government banking policy. And yes, my lead lined tin foil hat is on straight.
Have a good night.