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Goldman Caves: "The Unemployment Rate Is An Inappropriate Measure Of The...
The second half of 2012 saw a significant shift in US monetary policy from calendar-based guidance to outcome-based guidance and the adoption of a 6.5% unemployment rate as a threshold for...
View ArticleSenate Passes Online Sales Tax Bill
As previewed previously, one half of the hurdle to enforce a universal online US sales tax has now been crossed, with the Senate voting moments ago to pass a Wal-Mart backed bill 69-27 allowing states...
View ArticleWhat Is A Gold Standard?
Before 1971, U.S. dollars were backed by gold. This meant that the federal government could not print more money than it could redeem for gold. While this constrained the federal government, it also...
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Bank Of America's Latest Credit Trade Reco: "We Got Crushed"
It is one thing for Bank of America's chief credit strategist Hans Mikkelsen to be wrong on his long-term strategic call about a "Great Rotation" out of bonds and into stocks year... after year......
View ArticleBright Lights, Big City, Bigger Prices - Where Inflation Hides
Subdued headline inflation hides the inimitable rise of prices across the country; but ConvergEx's Nick Colas examines the pace of inflation in four large cities across the US – Boston, Chicago, New...
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The Story Of Inequality In The US: Past, Present And Future
In this far-reaching documentary, we are first treated to a history lesson from the early 80s to the present day - a story of lust, debt, and largesse; from Reagan deficits to cell phones to day...
View ArticleSurprising German Factory Orders Bounce Offset ECB Jawboning Euro Lower;...
The euro continues to not get the memo. After days and days of attempted jawboning by Draghi and his marry FX trading men, doing all they can to push the euro down, cutting interest rates and even...
View ArticleFrontrunning: May 7
Microsoft prepares U-turn on Windows 8 (FT), Microsoft admits failure on Windows 8 (MW), After Bumpy Start, Microsoft Rethinks Windows 8 (NYT)China reports four more bird flu deaths, toll rises to 31...
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Why America Fell So Far … So Fast
Thomas Edison said, “Dissent is the highest form of patriotism.” And because I love my country, I frequently criticize America’s shortcomings in the hopes of making her better.But the truth is that...
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Benghazi: New Evidence Emerges
The Administration announced after the Benghazi attack that a protest by Muslims had turned violent.The Administration also stated that there was nothing which could have been done to save the people...
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Extreme Complacency Trumps Macro's Biggest 5-Week Plunge In Two Years
Of course, it doesn't matter (for now) but today's JOLTS data internals and Consumer Credit's miss just piled on to the misery and pushed Bloomberg's US Macro Surprise Index to its lowest in seven...
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Americans Convinced Gun Homicides Soar Despite Actual Plunge In Gun Crimes
In yet another example of the massive gap between the American people's perception of what is going on around them (whether by propaganda channels or simply cognitive bias) and the actual reality,...
View ArticleGuest Post: Was Israel’s Attack Against Syria Really An Attack Against Iran?
Submitted by Charles Kennedy via OilPrice.com,Over the weekend Israel carried out two air strikes against Syrian positions within 48 hours. The first attack targeted a shipment of missiles thought to...
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Jeremy Grantham: "We Have Been Conned"
The lessons of Jeremy Grantham's recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy....
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11 Reasons Why The Federal Reserve Should Be Abolished
Submitted by Michael Snyder of The Economic Collapse blog,If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be...
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Visualizing The Collapse Of Fiat Currencies
Presented with little comment - aside to note, it's never different this time... and as a reminder... Source: Ian McAvity
View ArticleQuiet Overnight Session Punctuated By Made Up Chinese, Stronger Than Expected...
The overnight economic data dump started in China, where both exports and imports rose more than expected, at 14.7% and 16.8% respectively, on expectations of a 9.2% and 13% rise. The result was a...
View ArticleFrontrunning: May 8
Pentagon Plans for the Worst in Syria (WSJ)Russia and US agree to Syria conference after Moscow talks (FT)Hedge Funds Rush Into Debt Trading With $108 Billion (BBG)Detroit is the new "deep value" -...
View ArticleBiderman Bashes Buffett's Biased Bearish Bond Banalities
The mainstream media was cock-a-hoop to use Warren Buffett's recent diatribe against being a bond buyer (because prices are artificially high due to the Fed creating phony money and at some point the...
View ArticleThis Is What Happens As America Converts Into A Nation Of Renters
Wall Street got into the single-family home business about a year ago. The win-win idea is to buy and rent until prices increase enough to make selling profitable. Investors can improve neighborhoods...
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