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California housing inventory disappears into the sunset.
Since 2009 all cash buyers have purchased roughly one third of all Southern California home sales. This is a significant number and unlike the early 2000s, many of these buyers are looking to hold onto...
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Fed Intervention For Dummies - What A Record $3 Trillion In Fed Assets Gets You
At the heart of it, visualizing the record $3 Trillion Dollar Federal Reserve balance-sheet is practically impossible. However, in two simple charts we can easily visualize what impact that gargantuan...
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Q4 Earnings Season: Far Worse Than Most Suspect
There has been some confusion about the quality of the ongoing Q4 earnings season, which has seen some 47% of the S&P 500 companies report to date (and with 53% still left things can certainly...
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Tim Toots His Horn
Today is the last day that Tim Geithner will be Treasury Secretary. The Treasury Department has a blog post that highlights Tim’s contributions. Coming from his co-workers, you’d expect fluff and...
View ArticleScam Complete: The US Government Takes A Page From Diocletian’s Book...
Via Simon Black of Sovereign Man blog,Early in the 4th century, Emperor Diocletian issued an infamous decree to control spiraling wages and prices in the rapidly deteriorating Roman Empire.As part of...
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Friday Humor: Miniature Predator Drone Goes On Sale To Bipolar Public Reception
Just because there is a superficially-pacifist, yet supraficially genocidal, dictatorially-inclined egomaniac in everyone one of us, the moment the Maisto Fresh Metal Tailwinds 1:97 Scale Die Cast...
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MeMoRieS oF TuRBo TiM GeiTHNeR...[167 Images of a WaLL STReeT DouCHe WeaSel]
"Fog is often useful in getting things done."Turbo Timothy Geith-Law . Grid view of entire set: Here
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Eric Sprott On Ignoring The Obvious
By Eric Sprott of Sprott GlobalIgnoring The ObviousNot a day goes by without hearing about the fiscal cliff, the debt ceiling or another political deadlock. We would not disagree that some of these are...
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DaVoS EPiLOGuE: A KiCKaSS CLiP AND a HiPSTa SQuiD...
I was searching for a suitable Epilogue to this week's World Ponzinomic Fiasco and came across this short film by Steve Cutts, which I rate five Banzai7 stars. The animation is superb and so is the...
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Italian Scandal Widens As Italy's Third Largest Bank Set To Get Third Bailout...
While little has been said in the mainstream western press about the ongoing fiasco surrounding Siena's Banca Monte dei Pasci, Italy's third largest bank and the world's oldest which may get its third...
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The Failing Pretense of Growth
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterHasbro, the second largest toymaker in the US behind Mattel, confessed that it would miss fourth-quarter revenue estimates....
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To the Fed - Defer this!
The Federal Reserve makes a ton of money on its $3T horde of government bonds. In 2012 the Fed earned a tidy $90B by borrowing short and lending long. That income number is the difference between...
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Geithner's Legacy: The "0.2%" Hold $7.8 Trillion, Or 69% Of All Assets; And...
As of this morning Tim Geithner is no longer Treasury Secretary. And while Tim Geithner's reign of clueless pandering to the banks has left the US will absolutely disastrous consequences, an outcome...
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The Stock Market Is Back To December 2007 Levels; Here Is What Isn't
This past week, America's premier financial comedy channel, which lately specializes in such "epic financial journalism" as the real billionaire hedge husbands of New York (because sagging Nielsen...
View ArticleJames Turk: Central Banks Are Losing The War to Suppress Gold & Silver Prices
Submitted by Adam Taggart of PeakProsperityJames Turk: Central Banks Are Losing The War to Suppress Gold & Silver PricesMy guess is that 2013 and 2014 are going to be big up year for the precious...
View ArticleEurope's 'Bank Sector Involvement'
Via Mark J. Grant, author Out of the Box,How many European Union officials does it take to change a light bulb? None. There is nothing wrong with the light bulb; its condition is improving every day....
View ArticleDaniel Hannan Destroys The 3 Unquestionable Myths Of Our Crisis
The past and present bailouts of each and every bank (and 'important' industry) will, one day, be seen as a generational offense is how MEP Daniel Hannan begins this thoroughly British demolition of...
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This Time Is Different
Authored by Dr. Tim Morgan, Tullet Prebon, The 2008 crash resulted from the bursting of the biggest bubble in financial history, a ‘credit super-cycle’ that spanned more than three decades. How did...
View ArticleAnonymous Hacks Department Of Justice, Threatens To Release Secret DOJ...
Nearly two years ago, the hacktivist group Anonymous made waves around the fringes of financial media by announcing "Operation Empire State Rebelion" whose goal was to "engage in a relentless campaign...
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Guest Post: Monetary Malpractice - Dysfunctional Markets
Via Gordon T. Long of GordonTLong.com,One of the first axioms of analysis is: "Garbage In, Garbage Out"! If your data is flawed, everything you do with it and the decisions stemming from it are flawed...
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