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Spot The Housing Recovery
The housing recovery was described by one muppet on CNBC yesterday as 'parabolic' so we decided to go in search of this mystical anecdotal surge that is so often heard on the airwaves of the preachers....
View ArticleTake Everything You Know, And Burn It: A "New Normal" Recantation In Six...
From Charles Gave of GaveKal.comA RecantationOver the years a number of economists and political scientists have seen the error of their ways and come clean with a reasoned recantation. The mid-19th...
View ArticleGuest Post: The Cyprus Deal And The Unraveling Of Fractional-Reserve Banking
Authored by Joseph Salerno, originally posted at The Circle Bastiat blog,The “Cyprus deal” as it has been widely referred to in the media may mark the next to last act in the the slow motion collapse...
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Dead Pigs, Ducks And Now Black Swans: China's Animal Apocalypse Crosses Into...
First it was thousands of dead pigs floating in the Shanghai water supply (at last estimate over 16,000), then a thousand dead ducks were pulled from a river in the Sichuan province, and now, pushing...
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Transparent Push To Record High
Jobless Claims rose sharply even after upward adjustments (357K vs 340K & prior 341K revised higher from 336K). The Chicago PMI fell sharply (52.4 vs 56.1 & prior 56.8), which should distress...
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The Abenomics Farce Continues
It's not been a great evening so far for the leadership in Japan. We are now six months into the greatest monetary policy bluff of all time and thanks to the sound and fury from Abe (and now his...
View ArticleRussia Is Next In Line To Restrict Cash Transactions
The Russians are taking a page from the Europeans book (and not a positive one for libertarians). Given the substantial criminal activity and illegal entrepreneurship in Russia - the grey and black...
View ArticleToys"R"Us Withdraws IPO After Dismal Earnings
It seems equity markets at all-time highs, high-yield funding markets near all-time low yields, and supposed money on the sidelines flooding back into stocks are just not enough to provide cover for...
View ArticleECB Backs Dijsselbloem's Liquidation Policy "Template"
It appears the European Central Bank is having trouble keeping its lies straight. When Jeroen Dijsselbloem ("Diesel-BOOM", "D-Boom", or just "Diesel") made his now infamous "template" comment last...
View Article"I Went To Sleep Friday A Rich Man, I Woke Up Poor"
Another non-Russian, non-oligarch, non-billionaire, non-tax-evader speaks up... So much has been written of the Cypriot bail-ins and massive haircuts for the uninsured depositors - assumed to be nasty...
View ArticleGuest Post: The Knowledge Economy's Two Classes of Workers
Submitted by Charles Hugh-Smith of OfTwoMinds blog,The knowledge economy has important implications for both workers and organizations. Setting aside that our economy is by and large organized to...
View ArticleWho Said It? "We Must Buy Government Bonds"
"We must buy government bonds" - who said it? No, it wasn't Ben Bernanke or Alan Greenspan, it wasn't Jean-Claude Trichet or his successor Mario Draghi, nor was it Mervyn King, Carney, Shirakawa, or...
View ArticleGuest Post: Big Government: An Unnecessary Evil That Should Be Abolished
Submitted by Brandon Smith of Alt-Market blog,There are two types of people in this world; those who worship the ideal of centralized command authority, and those who do not. Those who value freedom...
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North Korea Says It Enters "War" Against South Korea, And North Korea Kaption...
Ordinarily this would be Good Friday humor (unless we are very wrong, and it turns out to be Good Friday Global Thermonuclear War) because when one cries wolf a few too many times, this is what happens...
View ArticleAnd Scene: Big Cypriot Depositors Facing Complete Wipe Out
9.9%? 30%? 60%? 80%? Nope - according to the latest from Reuters, the cash-on-cash return to all uninsured depositors in the healthy, i.e., only remaining big Cyprus bank, will be a big, fat...
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Congress Passes “Monsanto Rider”, Pushing Genetically Modified Foods Onto...
Painting by Anthony Freda: www.AnthonyFreda.com.We warned a little more than a week ago that Congress was poised to pass a bill that would make it more likely that genetically modified food ends up on...
View ArticleGuest Post: The Chess Game Of Capital Controls
Submitted by Jeff Clark of Casey Research,The best indicator of a chess player's form is his ability to sense the climax of the game.–Boris Spassky, World Chess Champion, 1969-1972You've likely heard...
View ArticlePolitical Fallout Begins: Former Cyprus President Named In Loan Write-Offs...
A few days ago, when news hit that Cyprus has begun investigating who the people were who had managed to pull cash out of nation's insolvent banks, both during the capital control "blackout" period and...
View Article25 Lessons From The Cyprus 'Deal'
There are many lessons and implications from the Cypriot crisis (we list 25 here). Among the most important is that conditionality is back, energetically, which is very important when considering the...
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