A Little Deflation Is Recipe for Price Stability: Caroline Baum – … A 1982-1984 dollar bought 46 cents of goods and services in May. … The bad news is that a 1967 dollar buys 15 cents today. … “There’s nothing wrong with a little deflation if [...]

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  Who Is Buying Gold, And Why Is Gold Volatility So Low? – David Goldman – The dog that isn’t barking in capital markets is the volatility of the gold price. Despite gold’s move up to a new record, gold’s historical volatility is around 18%, compared [...]

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    (The full version of this article is available for download at the end of this post.) “The Securities and Exchange Commission pressed JPMorgan Chase & Co. to tell investors more about mounting demands to buy back defective mortgages, an obligation that cost the four biggest U.S. lenders about $5 billion [...]

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  It’s the biggest market in the world and is traded 24 hours a day, 6 days a week, and therefore one that is impossible to ignore. I’m speaking, of course, about the forex market. The question is, is this the tail that’s wagging [...]

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