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Currency Positioning and Technical Outlook: How Stretched?
There have been some large moves in the foreign exchange market in recent days. The euro posted its largest rally in four months last week. The yen has fallen to its lowest level against the dollar...
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FX - Old and New
Note: Allow me some 'color', to make a point about the very rapid changes in FX that have taken place of late. In the late 80's I was in touch with a few dozen US multinationals. The issue was foreign...
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"May The Farce Be With You" - White House Responds To Imperial Death Star...
Almost a year ago, in February 2012, Zero Hedge decided to "think outside the box" and take Keynesianism and post-Chartalism (or whatever three letter acronym it is better known as these days) to their...
View ArticleGreece Is The US, Following Vote To Hike Taxes On The Rich
It's been a while since the Syntagma square riotcam was broadcasting live from Athens. After all, despite the ongoing collapse in its economy, where only 3.7 million people have jobs compared to 4.7...
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Deaths From All Causes: The Short (But Not Necessarily Happy) Life Of Americans
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterAmericans under fifty are paying the price. We don’t know exactly why. Even the panel of experts that authored the massive...
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Guest Post: A Short Lesson In Bad Decision-Making
Submitted by Adam Taggart of Peak ProsperityA Short Lesson in Bad Decision-MakingIn business school I had to take an introductory class in statistics that we colloquially called "D&D." The official...
View ArticleHyperinflation In Action: Beer For Bag Of Cash
In May 2011, Belarus surprised its citizens by devaluing its currency by 50% overnight in an attempt to kickstart its economy, leading to swift and brutal hyperinflation. And while written narratives...
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Chart Of The Day: 'Just A Little Bit Off'
"If you have to forecast, forecast often" - Edgar Fiedler, assistant Treasury secretary for economic policy under Nixon/Ford administrationsNeed just one chart to avoid anyone who says they have any...
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Guest Post: The Social Security System Is Already Broke
Submitted by Jim Quinn from The Burning PlatformFree Shit "Disabled" Army Massing Its ForcesWhenever I hear a liberal MSM talking head say that Social Security is not a problem, I want to throw...
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France Launches Major Military Campaign In Mali, Bungles Hostage Rescue Attempt
Whether it is to serve as a diversion from the ongoing deterioration in the French economy (purchases of French sovereign bonds by the SNB implying "all is well" notwithstanding), to distract public...
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Midas' Commentary for Friday, Januaray 11 - "An Ape Man Could see It"
January 11 - $1660 down $17.30 - Silver $30.37 down 51 cents An Ape Man Could See It “Recent smashdowns in the gold futures markets have triggered enormous buying of real metal, causing Swiss...
View ArticleMacro Polo
From Qbamco's Paul Brodsky:Macro PoloThe absence of meaningful negative market responses to debt ceiling dramas, Japanese inflation targeting, trillion dollar coins, and other odd and dubious...
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Ben B. Nixed The Coin - What Does That Mean?
In the past 24-hours I've been reading the postmortems on the Coin; I just watched the Sunday morning shows. In my opinion, the Press is missing the story.The key sentence from the White House that...
View ArticleAs NSA Pairs With Banks To "Fight Hackers", Will It Also Gain Access To Every...
Just because there was not enough encroachment by the government into virtually every corner of private life, here is another "collaboration" that will further enmesh big brother into every aspect of...
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Even Goldman Says China Is Cooking The Books
That China openly manipulates its economic data, especially around key political phase shifts, such as one communist regime taking over for another, is no secret. That China is also the marginal...
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"We Are Not A Deadbeat Nation" - Full Obama Transcript
The punchlines: "...the issue here is whether or not America pays its bills. We are not a deadbeat nation... And if the Republicans in Congress have made a decision that they want to shut down the...
View ArticleGreeks Raid Forests In Search Of Wood To Heat Homes
From Mike Krieger of Liberty BlitzkriegGreeks Raid Forests In Search Of Wood To Heat HomesGreece just seems to be getting worse and worse. Being the leading edge of Southern Europe’s descent into 3rd...
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Herbalife Short Interest Explodes In Last Week Of 2012
Three weeks ago, when we suggested, correctly, that Whitney Tilson's involvement in the Herbalife theater was the absolutely infallible "contrarian buy" signal, as the only logical next step was a...
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