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The Toxic Feedback Loop: Emerging Money Developed Markets
Extreme Developed Market (DM) monetary policy (read The Fed) has floated more than just US equity boats in the last few years. Foreign non-bank investors poured $1.1 trillion into Emerging Market (EM)...
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Hyperinflation: Niall Ferguson vs. Chris Martenson; Reminiscences of a NYSE...
It's been a long time, kids! But, EB's back and he has a new gig: television. While we don't watch it (personally), we don't hesitate to make it. Here's what's went down over the last two days...Day...
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Saturday (Un)Humor - Rotate This!
Paging Hans Mikkelsen... (via Visual Stories by Omid Malekan)
View ArticleEnd Of QE?
Submitted by Detlev Schlichter of DetlevSchlichter.com,A new meme is spreading in financial markets: The Fed is about to turn off the monetary spigot. US Printmaster General Ben Bernanke announced that...
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Meet The Man In Charge Of America's Secret Cyber Army (In Which "Bonesaw"...
With his revelations exposing the extent of potential, and actual, pervasive NSA surveillance over the American population, Edward Snowden has done a great service for the public by finally forcing it...
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This Is An Extraordinary Time
Submitted by Charles Hugh-Smith of OfTwoMinds blog,It's as if we have two economies: the simulacrum one of stocks rising dramatically in a few months, and the real one of household earnings (down) and...
View ArticleThe Pandering And Politics Of The Fed's Punch-Bowl
Authored by Princeton's Daniel Cloud,People at the Fed are people in politics, who need to promote their allies and maintain their patronage networks. So perhaps it’s significant that the last two...
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The Bank Of International Settlements Warns The Monetary Kool-Aid Party Is Over
When a month ago the Central Banks' Central Bank, aka the Bank of International Settlements (or BIS) in Basel where the MIT central-planning braintrust meets every few months to decide the fate of the...
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How Booz Allen Hamilton Swallowed Washington
From its origins as a management consulting firm, Booz Allen has quietly grown into a government-wide contracting behemoth, fed by ballooning post-Sept. 11 intelligence budgets and Washington’s...
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On Bullying Friends
Lost in last week's Taper Talk and generally bad markets was a development that I think has some legs. The Swiss Parliament basically told the US Department of Justice to fuck off. I'm very surprised...
View ArticleDavid Kotok: Report from Leen’s Lodge
From my friend David Kotok of Cumberland Advisors in the Acadian region of Maine. Leens Lodge has some of the best small mouth bass fishing in North America. It is a wonderful place to take the...
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The Biggest Prospective Housing Bubble Cities In The US
Housing price gains are outpacing fundamentals, as the median new home sale price relative to real disposable income has recent reached all-time high levels (higher than than the admitted bubble of the...
View ArticleJPMorgan Out-Squids Goldman As Frenkel Tentacles The Bank Of Israel
Following the 'coup' that led to JPMorgan's Matt Zames running the TBAC (and implicitly the US Treasury and Fed if one were inclined to believe that is where the real smarts are), it seems Goldman...
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Neil Howe: "The Fourth Turning Has Arrived"
Submitted by Adam Taggart via Peak Prosperity blog,In 1996, demographers William Strauss and Neil Howe published the book The Fourth Turning. This study of generational cycles ("turnings") in America...
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The BIS Chart That Abe And Kuroda Would Rather You Didn't See
Earlier we noted the rather peculiarly truthful (lack of optimistically-biased bullshit) annual report from the BIS as reading ZeroHedge-sermon-like. There is a smorgasbord of data, charts, and quotes...
View ArticleDavid Stockman's Non-Recovery Part 5: Peak Debt And The Wages Of Keynesian Sin
In the final section of this five-part series (Part 1, Part 2, Part 3, and Part 4) on the dismal reality behind the non-recovery, David Stockman explains what lies ahead. He details in his new book...
View ArticleGuest Post: Extreme Energy, Extreme Implications
Submitted by James Stafford via OilPrice.com,If oil and gas is a profoundly dynamic phenomenon, then so too must be environmental risk and conflicts over natural resources - and we are not getting the...
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Collapsing European Imports Crush Current Account Recovery Cravings
Some among the cognoscenti of European elite still crow that the crisis is behind us and point to the closing of current account deficits in Spain, Italy Portugal, and Greece as some evidence of this....
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