Currency Rally Fades in Overnight Trading

The currency/risk on rally was quite strong yesterday, all day long! However, in the overnight markets, we’ve seen some profit taking, and reassessing of what they were doing, like pushing the euro to above 1.30.

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Power vs. People in the Digital Age

The government seems determined to turn out the lights on the digital age. And this is with or without SOPA or the other bills that were only this week shouted down by the global digital community on Blackout Wednesday.

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Blackout Wednesday: The Time Has Come

Wikipedia, that ever-evolving monument to human collaboration in the cause of global enlightenment, goes completely black today, Wednesday, Jan. 18.

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Do Investors Pay Attention To Ratings Agencies?

Both Germany and the IMF have cut their growth forecasts for this year. Germany for Germany, and the IMF for global growth… But both are cutting their forecasts because of the same thing… Eurozone weakness,

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European Downgrades: Will There Really Be a Fallout?

On Friday, after the close of business in the stock market, S&P downgraded 9 European countries. Spain and Italy were both taken down another notch, leaving Italy with a BBB+ rating and Spain with an A.

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The Real Crisis in Capitalism

Anatomically, income equality is right on the surface…not at the heart. It is more like warts or boils…on the skin of the system for all to see. Right out in the open. The question is what causes these blemishes… More in just a minute…

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The Nearest Thing to a Permanent Thing

You can find a coin shop in nearly every town in the United States. The proprietor is unlike any you will find in any other store. He is unusually steeped in history, intensely aware of the larger context of the passing economic and political scene.

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Why Has Gold Been Down?

After all, in spite of some short-term fixes, there remains no real resolution to the sovereign debt issues in many European countries. We’re certainly not spending less money in the US, and now we’re bailing out Europe via currency swaps with the European Central Bank. Shouldn’t gold be rising?

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Why the Spirit of Protest Seemed to Travel at the Speed of Light in 2011

No discernible New Year’s Eve hangover for the markets yesterday, Fellow Reckoner. The Dow, like those insufferable individuals seen jogging early on Sunday morning,

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The Genius of the Price System

The other day, a local hamburger joint was advertising a 99 cent hamburger, and I took the offer. It was great. I wondered how they can make money this way.

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