muses of the moment

August 30, 2013

Highlights this Friday Morning

Gold is slammed under $1400  in overnight trading. Read this and this and this from Jesse for some thoughts on why. Lots of pressure out there.

Latest from John Williams from

– GDP Revision Reflected Previously Discussed Trade-Flow Distortions
– Well Removed from Real-World Activity, GDP Numbers Remain Nonsensical; There Never Was a Recovery and There Is None Pending
– With Consumer Liquidity Issues Deepening, Broad U.S. Economic Activity Is in Renewed Contraction
– Fed Pullback on QE3 Remains Unlikely, Amidst Suggestions of Intensifying Banking-System Stress

And from Sovereign Man, via zerohedge, about what the Syrian Crisis might be providing a “distraction” for. Click here.  Interesting that Britain and France’s formally elected officials are not for intervention. Wonder if Obama has the clout with the American people to move forward “alone”.

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