"What Looks Like A Rally May Just Be The Elites Passing Money Among Themselves"
Authored by Chrstopher Caldwell, originally posted at The FT,Why are citizens of the developed world looking a gift horse in the mouth? The Dow Jones Industrial Average rallied beyond 14,300 points...
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China's Economy Off To Weakest Start Since 2009
First it was a sudden bout of tightening following a series of record liquidity withdrawing repos, then it was two disappointing PMIs, then it was a warning that China's property market is (as usual)...
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Watch Out For Falling Objects: US Share Of Total Chinese Exports Plunges To...
We posted this chart previously, but it deserves repeating, for one reason: whereas conventional wisdom in the past was the due to the mutual assured trade destruction between China and the US (with...
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CIA Head Sworn In On Draft Constitution WITHOUT Bill of Rights
The government has absolutely shred the Bill of Rights in the last decade or so.New CIA boss John Brennan endorses torture, assassination of unidentified strangers (including Americans) without due...
View ArticleJim Rogers: We're Wiping Out The Savings Class Globally, To Terrible Consequence
Submitted by Adam Taggart of Peak Prosperity,Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets:For the first time...
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China To Japan: Hand Over The Senkakus Or Your Economy Gets It
Chinese Foreign Minister Yang Jiechi said Saturday that "Japan needs to face up to reality, and take real steps to correct its mistakes... so as to prevent a further escalation," with regard the demand...
View ArticleJapan Brings Food Inflation Down To 'Earth'
Whether it is a reflection of the inflated price of regular edibles thanks to Abe's Yen devaluation escapades, or simply more evidence of the greater fool theory playing out among a mesmerized world,...
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The Ultimate Threat In The Euro Bailout and Austerity Racket: War
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThere have been waves of threats by Eurozone politicians to bully people into accepting “whatever it takes” to keep the shaky...
View ArticleSense And Nonsense
Select examples of what the title suggests, courtesy of Edelweiss Holdings“‘Devaluing a currency,’ one senior Federal Reserve official once told me, ‘is like peeing in bed. It feels good at first, but...
View ArticleGuest Post: In Just The Last Week In The Land Of The Free...
From Simon Black, author of Sovereign ManLast Week In The Land Of The FreeIt's a pretty sad state of affairs in the Land of the Free when they have to pass a law making it illegal for the government to...
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Who Spends The Most Dollars Lobbying Washington, DC?
Oil? Financials? Aerospace? When someone asks who the biggest sources of lobby dollars for DC's politicians-for-purchase are, these are the three usual suspects that come to mind. Some may, therefore,...
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Judge Halts Bloomberg's Sugar Drink Ban, Calls It Illegal, Arbitrary And...
Just hitting the tape ahead of tomorrow's scheduled hit of Bloomberg's ban on "large sugary drinks":Judge invalidates New York City's ban on large sugary drinks; ban had been scheduled to take effect...
View Article2 Year Anniversary of Fukushima: The Accident Is NOT Contained
Nuclear expert Arnie Gundersen said today that the containment vessel at Fukushima reactor 2 has a large crack in it. Reactors 1, 2 and 3 all exploded. BBC reports today:They know very little about...
View ArticleBloomberg To Appeal Halt Of "Arbitrary And Capricious" Decision, Will Fight...
It took the NY Mayor's office a few brief minutes to respond to Judge Tingling's order, and announce it would promptly appeal the decision. Because apparently nobody thought of the children.We plan to...
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No Volume Ramp Is Back On Schedule
When we summarized the overnight session just before 7 am, we titled it appropriately enough, "No Melt Up (Yet) In Boring Overnight Trading." Little did we know, actually scratch that - we knew full...
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Behold The VIX Splattergram
Presenting the VIX. Or rather, highlighting the grotesque and blatant last second "banging the close" of the VIX. Thank you Simon Potter and your protege, Kevin Henry, for providing countless hours of...
View ArticleBeppe Grillo: "Italy Is Already De Facto Out Of The Euro"
In a preview of an interview he will conduct today with German's Handelsblatt, the surprise winner of last month's Italian elections Beppe Grillo said that Italy is “already de facto” outside the euro...
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Adjusted February Retail Sales Rise More Than Expected As Actual Retail Sales...
In a news release that would have been blamed on delayed tax refunds and "the weather" if it was a miss, but confirms a stronger consumer if it beat, and denies everything Wal Mart was warning about...
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