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"An Economy Built On An Illusion"
From an op-ed by George Melloan, posted in the WSJ, and can be read in full hereThe Fed's Asset-Inflation MachineAsset inflation often produces something called "wealth illusion," the belief that...
View ArticleGuest Post: When Lindsay Graham And Barrack Obama Agree... Run The Other Way...
Submitted by Michael Krieger of Liberty Blitzkrieg blog,The easiest way for a patriotic, civil liberties defending U.S. citizen to know whether to support or oppose an issue is when two of the most...
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Lessons From The 1930s Currency Wars
With Abe picking his new dovish playmate, and Draghi doing his best to jawbone the EUR down without actually saying anything, it is becoming very clear that no matter what level of bullshit histrionics...
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Will Japan's "Attempted" Reflation Succeed And Will It Spill Over Into...
Yesterday we presented a simplistic analysis of why for Japan "This Time Won't Be Different", a preliminary observation so far validated by the just announced Japanese December current account deficit...
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Remember 1994
Big round numbers always encourage reflection. Turning 40 or 50, for example, or making (or losing) a million dollars. Or a billion. And so it is with “Dow 14,000.” ConvergEx's Nick Colas has three...
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Fraudclosure Fail | ROMAN PINO vs THE BANK OF NEW YORK – Florida Supreme...
Homeowners Lose in Landmark Foreclosure DecisionFrom the PB POST...A Florida Supreme Court ruling involving a Greenacres foreclosure allows banks to get away with fraud, as long as they voluntarily...
View ArticleArm Syrian Rebels: CIA, Pentagon And Hillary Said Yes; Obama Just Said No
It would appear the undecideds had it. The WSJ reports that a proposal to arm Syrian rebels was stalled by the White House (cough Obama cough) because of lingering questions about which rebels could be...
View ArticleGuest Post: Is The NDAA Lawsuit Headed To The Supreme Court?
Via Michael Krieger of Liberty Blitzkrieg blog,The NDAA lawsuit is one of the key topics we have written about over the past year or so. For those of you that aren’t up to speed, one of the most...
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Currency Positioning and Technical Outlook: Correction or Reversal?
Last week the euro was the weakest of the major currencies and the recently beaten up sterling and yen were the strongest. A similar pattern was also evident in the dollar-bloc. The New Zealand...
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No Love for the Coffee Market?
By EconMatters 19 Months in the Downtrend It has been a rough 19 months in the Coffee Market if you were long, and you had to be real nimble trying to trade the falling knife with some counter-trend...
View ArticleDays After Freezing Prices, Argentina Bans All Advertising
"We are from the government and we are here to help you"- Anonymous government workerA week after Argentina resorted to every failing authoritarian government's last ditch measure to (briefly) control...
View ArticleFrench Socialist Nightmare: 'The State Cannot Do Everything'
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe preannouncement came Thursday evening: PSA Peugeot Citroën, France’s largest automaker, would have a write-down of €4.7...
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2013 Earnings Are Now Forecast To Be Less Then 2009 Earnings Were Projected...
Over the past few weeks, virtually all of the empty chatterboxes on financial comedy TV have been repeating ad infinitum just how much cheaper the market now is compared to its prior peak in 2007...
View ArticlePaul Krugman: "We Should Kick The Can Down The Road. It’s The Responsible...
The below article, recreated in its grotesque entirety, is a real, serious Op-Ed written by a supposedly real, non page-view trolling, Nobel-prize winning economist, in a serious paper, the New York...
View ArticleWhen Your Entire System is Backed Only By Credibility, Corruption Scandals...
One of the primary focal points of our research is the corruption that has become endemic to the political and financial elites of the world. When we refer to corruption we are referring to insider...
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The Fed's Bailout Of Europe Continues With Record $237 Billion Injected Into...
Last weekend Zero Hedge once again broke the news that just like back in June 2011, when as part of the launch of QE2 we demonstrated that all the incremental cash resulting form the $600 billion surge...
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Guest Post: The U.S. Economy Is Now Dangerously Detached From Reality
Submitted by Brandon Smith from Alt-MarketThe U.S. Economy Is Now Dangerously Detached From RealityRecently I was asked to give a presentation on the current state of the global economy to a local...
View ArticleSpain Kickback Scandal Threatens Rajoy As 79% Find Corruption "Explanations"...
Just like for Alice, Spain's farcical kickback and bribery scandal's rabbit hole just keeps getting deeper. This morning El Pais reports that the alleged providers of payments to the government (via...
View ArticleWhat Do They Know That We Don’t?
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterFriday evening when no one was supposed to pay attention, Google announced that Executive Chairman Eric Schmidt would sell 3.2...
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Sovereign Defaults Past And Present In One Chart
When a sovereign nation accumulates too much debt, far more than its economic growth can sustain, there are only two ways out: inflating the debt away, or defaulting. The global central banks have bet...
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