From Reinhart-Rogoff Witch Hunts To Krugman’s Contradictions
Submitted by F.F.Wiley via Cyniconomics blog,You may have seen the new skirmishes this weekend in the very public debate about Carmen Reinhart’s and Kenneth Rogoff’s government debt research. Reinhart...
View ArticleLobbying And GMO Giant Monsanto Buckles In Europe
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe “March Against Monsanto” in 52 countries, an unapproved strain of its genetically modified wheat growing profusely in...
View ArticleClik here to view.
What's Wrong With This Picture?
There is something very wrong with this Bloomberg article screengrab. Now, there are four distinct possibilities here:This is the quality of headline "reporting" we can expect out of Bloomberg now that...
View ArticleMarc Faber: "People With Financial Assets Are All Doomed"
As Barron's notes in this recent interview, Marc Faber view the world with a skeptical eye, and never hesitates to speak his mind when things don't look quite right. In other words, he would be the...
View ArticleGuest Post: Central Bankers Still Don't Get It
Submitted by Logan Albright via the Ludwig von Mises Institute of Canada,In the wake of the financial collapse of 2007, central banks around the world run by Keynesian zealots religiously applied the...
View ArticlePeak Gold
We are rapidly approaching the end of cheap resources. The wealth of most Americans could get wiped out during the next decade due to commodity inflation. Focusing on your real purchasing power is...
View ArticleIreland's Big Lie: The Real Potemkin Village
While the world is awash in central banker created Potemkin village analogies, Ireland has gone one step further. In a little over two weeks, the self-important leaders of the Group of Eight (G8) will...
View ArticleClik here to view.
LiBeRTY In DiSGuST
. As wealth of Elites does accrue The middle-class options are few But decades abused Has left them confused So Liberty knows what to do The Limerick King .. . Paul is a very sad clown His theories...
View ArticleClik here to view.
The Redemption Deluge Arrives: SAC Bracing For Massive $3.5 Billion In...
There is little that has not been said about SAC on these pages in the past 4 years (most recently here). So let's proceed straight to the incremental news:Breaking: SAC Capital executives are...
View ArticleClik here to view.
China's Demand For Physical Quadruples Gold Premium
The premium that gold buyers in China pay to take immediate delivery of bullion has jumped four-fold in the last six weeks following the gold price 'crash'. As Bloomberg notes, even before the...
View ArticleClik here to view.
Guest Post: Mark Carney's False Ideology
Submitted by Caleb McMillan of the Ludwig von Mises Institute of Canada,Neil Macdonald of the CBC recently did an investigative piece on central bankers and what they’re doing to the world’s economies....
View ArticleClik here to view.
The Other Stock Market Hedge
While the divergences and WTF charts of the past few weeks may have intrigued many by their unprecedented nature, we thought the correlation between the following three assets was too good to pass off...
View ArticleBen "Chairsatan" Bernanke's Advice To Princeton Grads: "Give 'Em Hell"
After giving the world, or at least 99.4% of it (i.e., those non 0.6% who control $87.4 trillion of global assets), hell for the past 8 years, this is Ben Bernanke's conclusion of his speech during the...
View ArticleClik here to view.
"Ze Price Stabeeleetee": The Market Impact Of The BOJ's Interventions
Because when your primary stated goal is achieving "price stability" through unprecedented intervention, and instead you break the markets (both bonds and stocks) it may be time to reevaluate.As a...
View ArticleClik here to view.
Japanese Stocks Down Over 2% At Open; Nikkei 16% Off Highs
Despite a pre-open dump in JPY to try and spark some momentum, things are not going according to Abe's wealth-creation plan in Japan right now. The Nikkei 225 is down over 300 points (over 16% from its...
View Article"Markets Under The Spell Of Monetary Easing" Bank Of International...
Then....Ben Bernanke 7/1/2005, CNBC interview:INTERVIEWER: Tell me, what is the worst-case scenario? We have so many economists coming on our air saying ‘Oh, this is a bubble, and it’s going to burst,...
View ArticleClik here to view.
SchrodinChina Expanding And Contracting At Same Time
The Flash PMI had already 'warned' of a contractionary print but the final May HSBC Manufacturing PMI is now the lowest in a year at 49.2. The last two months have seen this measure of the Chinese...
View ArticleClik here to view.
Obamacare To Double Cost Of Insurance For Average Californian
Last week, the state of California claimed that its version of Obamacare’s health insurance exchange would actually reduce premiums. But, as Forbes reports, the data that the executive director of...
View ArticleGuest Post: Why the Fed Can't Stop Fueling The Shadow Bank Kiting Machine
Submitted by Bill Frezza via Menckenism blog,Fractional reserve banking is unlike most other businesses. It's not just because its product is money. It's because banks can manufacture their product out...
View ArticleClik here to view.
A Perfectly Normal Fat-Fingerish Dump To Restart Trading
Why did the E-Mini just dump by 6 points on no news following the 6pm resumption of trading? Why not. Maybe someone hacked the vacuum tubes' calendar file and instead of Tuesday has pegged tomorrow as...
View Article