A Useful Idiot

Paul Krugman:

So minting the [$1 trillion] coin would be undignified, but so what? At the same time, it would be economically harmless — and would both avoid catastrophic economic developments and help head off government by blackmail.

What we all hope, of course, is that the prospect of the coin or some equivalent . . . → Read More: A Useful Idiot

Gold as a Weapon in the Currency War: Chris Mancini

There is a war raging behind the scenes among the world’s currencies. Chris Mancini, an analyst with the $400-million Gabelli Gold Fund, believes that gold will emerge the victor. In this interview with The Gold Report, Mancini makes his case for why gold is a currency and not just a relic, and why . . . → Read More: Gold as a Weapon in the Currency War: Chris Mancini

Economic Events on January 10, 2013

At 8:30 AM Eastern time, the U.S. government will release its weekly Jobless Claims report. The consensus is that there were 362,000 new jobless claims last week, which would would be 10,000 less than the previous week.

At 9:45 AM Eastern time, the weekly Bloomberg Consumer Comfort Index will be released, providing an update . . . → Read More: Economic Events on January 10, 2013