Post Tagged with: "RBA"

Assessing the Significance of the Italian Elections

Assessing the Significance of the Italian Elections

by / on 03/04/2013, 3:17 PM / in Platinum & Palladium News, Stock Market News

The recent Italian elections wound up in a very inconclusive result. In a political lineup of the three Bs–(no Chuck, not Biggio, Berkman and Bagwell)–Bersani, Berlusconi and Beppe, the Italian populace dealt a massive defeat to Brussel-appointed technocrat Mario Monti. The vox populi raised its voice against continuing austerity and will look to whatever government is formed to be one […]

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Notes From Underground: Four Central Bank Meetings, and, Oh Yeah, the Fiscal Cliff

Notes From Underground: Four Central Bank Meetings, and, Oh Yeah, the Fiscal Cliff

by / on 12/03/2012, 3:29 PM / in Today's Economy

The weekend news was rather sparse as the Greeks got their trust fund check from the overlords in Brussels. The Greeks need to be leery of Eurocrats bearing gifts. The Sunday news shows in the U.S. highlighted the vast chasm between Speaker Boehner and Secretary Geithner. There was finger-pointing all around about as to which group was holding up the […]

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Notes From Underground: Outliers and Out Right Liars

Notes From Underground: Outliers and Out Right Liars

by / on 11/06/2012, 2:58 AM / in Today's Economy

Yes, the U.S. Presidential election is finally here. After the POLITICAL-INFO COMPLEXhas spent the $6 billion on various political campaigns, we are left wondering why anyone would contribute money to feed the monster and prolong our agony. I know the answer and the “road to political hell is not paved with good intentions.” There are so many polls predicting a […]

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Poster used in the protests, "Not enough bread for so much chorizo (pork)", referring to political corruption.

Notes From Underground: A Question On Spanish Unemployment

by / on 10/04/2012, 1:32 PM / in Today's Economy, Platinum & Palladium News

Not Enough bread? A long time reader of the BLOG (hat tip, SM) called and posed an interesting question about the 25% unemployment rate to which the markets seem to continually refer. The reader has a friend whose son is living in Spain and maintains that the unemployment situation in Spain is not nearly as bad as economists say because of […]

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Notes From Underground: Ok, Notes From Underground, Where 2+2=5

Notes From Underground: Ok, Notes From Underground, Where 2+2=5

by / on 10/03/2012, 6:26 PM / in Today's Economy, Stock Market News

Yra’s Back – This is a good one. For the almost three years that NOTES has been published, I tried to make it clear why the subtext of NFU was that 2+2=5. The idea of the math being so obviously incorrect was a direct reference from Dostoyevsky’s short story Notes From Underground in which the great Slav nationalist rails against […]

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