Equity Schadenfreude

In honor of the Fed’s last meeting of it’s 99th year:  The Lender of Last Resort: Lessons from the Fed’s First 100 Years at Ritholtz.  I’m sure 2013 will see many a goldbug story detailing the century of currency destruction.  A rippin’ gold market would provide plenty of schadenfreude. 

Secular Bear Markets – Volatility Without Return by John Hussman.

The Arithmetic of Equities at Whitebox Advisor.

As for natural gas, well, the temperature forecast remain too toasty:

 From a friend:

The monetary base stagnating sideways since mid-2011 is reminiscent of gold.  I expect the base and gold to follow through when the Fed stops twisting and expands purchases…
St. Louis Adjusted Monetary Base (BASE)
St. Louis Adjusted Monetary Base (BASE)
Random interesting charts:
U.S. Entitlement Spending Will Exceed Government Revenue
Brookings Institution

That’s it for today.  I’m sure many of us are busy with life as Christmas approaches.