"Those Who Believe In Abenomics Are Suffering From Amnesia"
When shown the magnificent run-up in Japanese equities over the past six months and asked why he is skeptical about the likely success of Abenomics, Mizuho's chief economist simply explains, "because I...
View ArticleGuest Post: Our American Pravda
Authored by Ron Unz, originally posted at The American Conservative,In mid-March, the Wall Street Journal carried a long discussion of the origins of the Bretton Woods system, the international...
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Mystery Surrounding Collapse Of Hong Kong Mercantile Exchange Deepens; Four...
A week ago, when the brand new Hong Kong Mercantile Exchange suddenly shuttered after being in operation for only two years, urgently settling what little contracts were outstanding, many questions...
View ArticleGovernment by Eurocrats: The Olive-Oil Dispenser Debacle
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterLike so many debacles in the EU, it started with the unelected European Commission. It’s immune to voters, but not to lobbyists...
View ArticleUS Outlook Rosier
Inflation, housing, unemployment figures, personal spending and utility bills are all improving across the US.InflationInflation increased in March by 0.3%, and in April after adjusting spending...
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Japan Opposition Accuses Ruling Party Of Creating Stock Bubble
Long ago, before stock markets were the only manipulated "proxy" for where the economy should be, if not where it is, and as a result confidence in the outlook for the economy was the only...
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FiRST PiSSeR...
. . . As far as I know, there is no provision that exempts information in digital form from the protections of the Constitution. . And guess which big data sucking company was all to happy to...
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When Herding Cats Fails: A Visual Tale Of Two QEs
Following last week's Japanese market fireworks, one thing has finally become clear: any ongoing collapse in the Yen, and corresponding surge in the Nikkei225 - supposedly beneficial "side-effects" of...
View ArticleGas: They Want Our Bacon!
It has just been released that the UK came within 6 hours of seeing itself deprived of its eggs and bacon as gas supplies across the entire country depleted to danger levels on March 22nd. That meant...
View ArticleQuiet Overnight Action On America's Day Off
With US markets taking a day off today for Memorial Day, liquidity will be even more sporadic than usual, and any sharp moves will be that much more accentuated, although such a likelihood is minimal...
View ArticleAntitrust: Reads Like a Fairytale!
Once upon a time in the good old U.S. of A, way back in the 19th century, there were gigantic companies that were known as trusts. We had trusts for Steel, we had trusts for oil, we had trusts for...
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Japanese Stocks Extend Overnight Plunge - Down Over 14% From Highs
As if the overnight session in Japan was not bad enough, futures markets are indicating yet more weakness from the market that seemed (until 3 days ago) incapable of falling. With a 14.3% drop from its...
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Russia, Greece, Turkey, Other Central Banks Buy Gold; China’s PBOC Buying?
From GoldCoreRussia, Greece, Turkey, Other Central Banks Buy Gold; China’s PBOC Buying?Today is a national holiday in the United Kingdom and the USA. Friday’s AM fix was USD 1,385.25, EUR 1,068.95 and...
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Which Asset Class Is The Most Sensitive To a Fed "Taper"?
Markets are starting to price the removal of the unprecedented policy stimulus provided by the Fed. Investors have faced this situation several times in recent years, but as Barclays notes, these prior...
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Memorial Day: Visualizing America’s Wartime Veterans
Memorial Day, originally called Decoration Day, is a day of remembrance for those who died in service to their country. The holiday was officially proclaimed in 1868 to honor Union and Confederate...
View ArticleApple as Another Sony?: Talking to Michael Whalen
First, happy Memorial Day to all of our service men and women around the world and at home (see my comment on Breitbart.com). Over the past decade, I have been discussing the tech sector with my...
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Markets Close Higher As Japanese Exodus Sparks European Bond-Buying Frenzy
While Japanese stocks plummet further during the admittedly thin European day session extending their losses from the Japan day-session, it seems the cats have been herded to the next high beta junk...
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Mapping Bitcoin's Global Adoption
Submitted by Jonathan Stacke via The Genesis Block blog,Bitcoin has made significant progress towards becoming the world's first truly global currency over the past few years. To gain better...
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Name This European Nation
The following chart represents the all-time record-low household confidence of a European nation (which, in the last month, fell at the second fastest rate in 20 years). This nation's equity market...
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Surge In Consumer Confidence To 2008 Levels Sends 10 Year Yield To 2013 Highs
The Conference Board's measure of just how awesome everyone feels just hit its highest level since February 2008 driven by an impressive surge in 'Expectations'. This should surprise nobody: as we...
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