Tuesday, May 28, 2013

Australia is the World's Happiest Nation

From smh.com.au

Article link

Australia is still the world's happiest nation based on criteria including income, jobs, housing and health, despite some signs of a slowing economy, according to the Organisation for Economic Co-operation and Development.

Australia kept the top spot for the third straight year, leading Sweden and Canada, the Paris-based group's Better Life Index showed, when each of 11 categories surveyed in 36 nations is given equal weight.

More than 73 per cent of people aged 15 to 64 in Australia have a paid job, above the OECD average of 66 per cent, while life expectancy at birth in Australia is almost 82 years, two years higher than the OECD average, the survey showed.

Australia, the only major developed nation to avoid the 2009 worldwide recession, remains at the top of the OECD index even as the mining boom powering economic growth crests and the government forecasts unemployment will rise to 5.75 per cent by June 2014, from 5.5 per cent last month.

Read more: http://www.theage.com.au/business/australia-the-worlds-happiest-nation-oecd-20130528-2n87z.html#ixzz2UXp3DQSe

Truth About Markets

Max Keiser and Stacy Herbert with the Truth About Markets coming to you from Lisbon, Portugal where we've been attending a bitcoin conference.

Monday, May 27, 2013

Mexico's Second Richest Man - Ricardo Salinas

I just learnt something interesting. Hugo Salinas Price's (guest on Keiser Report and occassional contributor to this blog) son is Ricardo Salinas, Mexico's second richest man, and 34th richest in the world. Ricardo's bio

Australian Trade Minister Criticizes Japan over Currency War

Gold Bets Reach Five-Year Low With Prices Whipsawed

From Bloomberg.com

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Hedge funds are the least bullish on gold in more than five years as speculation about the pace of money printing by central banks whipsawed prices, driving volatility to a 17-month high.

Money managers cut their net-long position by 9 percent to 35,686 futures and options as of May 21, the lowest since July 2007, U.S. Commodity Futures Trading Commission data show. Holdings of short contracts rose 6.7 percent to a record 79,416. Net-bullish wagers across 18 U.S.-traded commodities slid 2.1 percent, as investors became more bearish on coffee and wheat.

Gold’s 60-day historical volatility touched the highest since December 2011 last week and a gauge of price swings for the SPDR Gold Trust, the biggest bullion-backed exchange-traded fund, surged 73 percent this year. Bullion see-sawed as Federal Reserve Chairman Ben S. Bernanke testified before Congress on May 22

Read more

Ronald Stöferle still trusts gold

From GoldMoneyNews

Inside Story Americas - Are US banks untouchable?

From AlJazeeraEnglish

Jim Grant on Gold and the Fed

Jim Grant discusses the sins of the Fed, the US economy and gold. Listen to the KWN interview here

This Week in Money with David Smith, Mike Swanson and Ben Rabidoux

From MoneyandWealth

FX and Gold Outlook

From forex

Forex.com's Kathleen Brooks to get her take on why USDJPY and gold are the ones to watch as we start a new week.