Niall Ferguson – The Great Degeneration
While Harvard historian Niall Ferguson's off-the-cuff remarks during the Q&A were in his words "as stupid as they were insensitive", the core message of his presentation was clear: the party of the...
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You Know The Market Is Frothy When...
You know the market is frothy when the greatest concern among professional money managers is "Asset Bubbles." As interest rates rose in the early part of this year, the 'great rotation'– with outflows...
View ArticleLas Vegas Housing: 8% Of Single Family Homes Vacant, Yet New Construction...
Submitted by Michael Krieger of Liberty Blitzkrieg blog,If there is any market that demonstrates the complete and total misallocation of capital that results from Banana Ben Bernanke’s money printing...
View ArticleMohamed El-Erian: Putting It All Together
The world is awash in contradiction with stocks rising to new highs as interest rates reflect a slowing economy. It is an upside down world according to PIMCO's Mohamed El-Erian. As Lance Roberts...
View Article"The Captain" Says Goodbye: The Full Final Edition Of The Privateer
For 727 editions, and nearly 30 years, Bill Buckler, the "captain" of the free market-praising Privateer newsletter provided a welcome escape from a world overrun with "free-lunch" economists,...
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Bartiromo Vs Schiff: The (Soft) Money-Honey Against The Golden Boy
Perfectly summarizing the cognitive dissonance of the mainstream media (and their drone-like viewers), this duel of the Soft-Money-Honey Maria B and Hard-Money Golden Boy Peter Schiff was a tragic...
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Powerful Explosions Shake Damascus As Israel Attacks Syria For Second Time In...
Citizens in Syria's capital woke up early on Sunday to a series of powerful explosions shaking the outskirts of Damascus, sending massive fireballs into the night sky. Preliminary reports that this was...
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ToNeR MaN...
. Toner Man's making his flight Deflation is starting to bite His sole super power A Keynesian shower To the Banks under cover of night The Limerick King .
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Syria Declares Israel Attack An "Act Of War', While Israeli Defense Forces...
In the aftermath of last night's second attack in two weeks by Israel on Syria, the immediate response has so far been muted, with Syria condemning the aggression as an act of war. According to UPI,...
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Guest Post: A Short History Of Currency Swaps (And Why Asset Confiscation Is...
Submitted by Martin Sibileau of A View From The Trenches blog,I want to offer today an historical perspective on the favorite liquidity injection tool: Currency swaps. These coordinated interventions...
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Chinese Growth - Real Or Imagined?
We toyed with titling this post "Lies, Damned Lies, And Chinese Statistics" but perhaps that is a little harsh, though one glance at the chart below and one instantly comprehends the efforts that are...
View ArticleGuest Post: What Is Obvious About This Market?
Submitted by Charles Hugh-Smith of OfTwoMinds blog,What is "obvious" to those embedded in the conventional, MSM/state-manufactured worldview is not the same as what is obvious to those outside the...
View ArticleRon Paul: "This Is A House Of Cards"
Authored by Ron Paul, via The Free Foundation,Federal Reserve Blows More BubblesLast week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that...
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Turning A Donkey Into A Butterfly
The clear message from the doctors this week is that they plan to keep administering the pills, in larger quantities if necessary, until the donkey turns into a butterfly. Citi's Matt King reminds us...
View ArticleGerman Finance Minister Who Launched Euro, Calls For Euro's Breakup
Back in December we pointed out the patently obvious: in the absence of an external rebalancing mechanism, i.e., a free-floating currency, the only option for the bulk of the periphery to regain...
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Visualizing The Triumph Of Hope Over Reality
The Federal Reserve's extreme monetary policy has done nothing but repress 'safe' assets to the point of making 'risky' assets relatively cheap. This is of course not the case were you to isolate each...
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Macro View
Holiday in Tokyo and London are making for a quiet start to the week. The US dollar is firmer, though gains are mostly minor, with two notable exceptions. The greenback's gains against the yen in the...
View ArticleQuiet Overnight Session On Third Year Anniversary of Flash Crash
On the third year anniversary of the flash crash, and in a week in which earnings season unwinds and in which there is very little macro news, the bulk of the newsflow happened overnight, starting with...
View ArticleGuest Post: The Case Against Deflation
Submitted by Aladair Macleod via GoldMoney.com,Regular readers will know I am in the inflation, possibly hyperinflation camp; but there are those that think the future is more likely to be...
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The US Regulatory Vice Closes On Bitcoin
Just six weeks after the US Treasury decided enough-was-enough with this upstart non-fiat, non-controlled-by-TPTB currency (and applied money-laundering reglations), US financial regulators are now...
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