Santelli Slams Analyst And Media "Myside" Bias
The overwhelming herding of AAPL's analysts highlighted by James Stewart in today's NY Times sets CNBC's Rick Santelli on a path of truthiness not often seen on business media. Citing the findings,...
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Guest Post: Show This To Anyone That Believes That "Things Are Getting...
Submitted by Michael of The Economic Collapse blog,How can anyone not see that the U.S. economy is collapsing all around us? It just astounds me when people try to tell me that "everything is just...
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Janet Yellen Discovers Okun's Law Is Broken, Confused Record Russell 2000...
Moments ago Fed vice-chair Janet Yellen released a speech titled: "A Painfully Slow Recovery for America's Workers: Causes, Implications, and the Federal Reserve's Response." In it, Yellen finally...
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Goodbye Bond Vigilantes, Hello Brent Vigilantes
The flood of Central Bank liquidity into the world's asset markets has worked wonders for the optics of 'wealth' in the last few years. While correlation is not causation, the divergence from any sense...
View ArticleGuest Post: More Stealth Inflation As Maker’s Mark Slashes Alcohol Content
Via Michael Krieger of Liberty Blitzkrieg blog,They just ain’t making Maker’s like they used to. According to the company, an apparent bourbon shortage has besieged the company leaving it no choice...
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It's Not The Economy, It's Inflation & The Fed Stupid
It will not be a great shock to ZH readers, but the sad truth (no matter what one is told by the plethora of talking heads and commission takers) is that neither EPS upgrades or EPS outlooks are in any...
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How The Fed Is Handing Over Billions In "Profits" To Foreign Banks Each Year
Over the past two weeks we have reported that just like during the spring and summer of 2011, all the cash generated by Fed excess reserves, has gone to foreign banks operating in the US, which...
View ArticleAnd Summarizing It All...
... the surreal, spectacular farce of it all, is of course The Onion#SOTU fact check: American people do not actually deserve better— Onion Politics (@OnionPolitics) February 13, 2013
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The (Two) GOP #SOTU Responses
Well, this is awkward, but in our always fair and balanced way, we present the two sides of the GOP's response to Obama's SOTU - the 'official' Marco Rubio response and Rand Paul's Tea Party Express...
View ArticleFour-Letter “G” Word Discussed on TV
The title of the video clip under review and subject of their discussion is: “Would returning to the gold standard end currency wars?” Obviously, countries which use gold as money would have to...
View ArticleThe Brent Oil Contract is a Sham!
By EconMatters Oil Benchmark It is a sad state of affairs that the entire world of energy, and consumer energy prices are all based upon a fraud of an energy contract masquerading as the Industry`s...
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Choppy FX in Fog of War
The price action in the foreign exchange market is choppy as short-term participants seem nervous after being whipsawed yesterday. Sterling fell nearly a cent to new multi-month lows following the...
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Cable Snaps As Bank Of England Welcomes The Currency Wars
Following yesterday's G-7 announcement which sent the USDJPY soaring, and its embarrassing "misinterpretation" clarification which undid the entire spike, by an anonymous source in the US who said the...
View ArticleFrontrunning: February 13
Obama Paints Wider Role for Government in Middle Class Revival (BBG)Obama to Seek a New Trade Deal With EU (WSJ)... or this is strawman why 2016 GDP will be higherMobile phone sales fall for the first...
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ECB Smacks Down Euro Again, Says EUR Strength Will Hurt Recovery In Crisis...
Just like yesterday, it was some anonymous Yen vigilante smacking down the USDJPY saying the initial G-7 statement was misinterpreted, so today it is the ECB's turn, which just smacked down the EUR...
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60 Days Without A 5% Correction And Counting
The beginning of every year under the New "centrally-planned" Normal regime is no stranger to seemingly relentless rallies: while in the first 29 trading days of 2013 alone, the benchmark S&P 500...
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Platinum And Palladium Rise On Supply Concerns – Zimbabwe Now
From GoldCorePlatinum And Palladium Rise On Supply Concerns – Zimbabwe NowToday’s AM fix was USD 1,648.00, EUR 1,223.55 and 1,054.59 GBP per ounce.Yesterday’s AM fix was USD 1,641.75, EUR 1,225.28 and...
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Welcome To The New Cold War
Make no mistake: America and China are on a collision course and the battleground is Asia. The China-Japan dispute has little to do with a small group of islands in the South China Sea. It's about a...
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Be Careful What You Hope For - Buy-Back Mountain
We noted yesterday the apparent perfect (ill)-market-timing of increases in corporate buybacks and nowhere is this more evident than across Europe. The following chart might just make all those...
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Gold Leaps Into Backwardation!
Since late January, the February gold contract has been in backwardation. This means that one could make a profit by simultaneously selling a gold bar and buying a February contract. One would still...
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