[photo] Mark Jeftovic

easyDNS CEO, Career Contrarian & AntiGuru

The War on Savers Intensifies as Cyprus nabs depositors in bailout

As reported via Bloomberg:

Euro-area finance ministers agreed to an unprecedented tax on Cypriot bank deposits as officials unveiled a 10 billion-euro ($13 billion) rescue plan for the country, the fifth since Europe’s debt crisis broke out in 2009.

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Confessions of an Economic Witch Doctor

I just read about Jeffries economist Jim Zervos’ note to clients on BI, in which he admonishes the “Austrian economist types” and “perma-bears” for being so gloomy, for likening this current bull market to a “sugar high”. Because in …… Read the rest

The Tragedy of Contrarianism

Being a contrarian is never glamorous. Even the word itself seems to be ostracized by the various word processor dictionaries as I’m often used to seeing it underlined with red dots signifying a spelling error when I type it online.…… Read the rest

Sonic Reducer cover (Parkdale Hookers)

Somebody recorded this on their cellphone when we opened for Garage Baby at Mitzi’s Sister, November 2012

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Somebody with deep pockets making a big bet…on gold.

A couple days ago, while Business Insider’s Joe Weisenthal was gleefully hyperventilating about gold’s “death cross” (recall the “Joe Weisenthal can’t fail contrarian gold indicator here“), somebody undauntedly stepped up within the last 3 minutes of the trading …… Read the rest

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