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Are The 1970s Coming Back?
The mid-1970s have been a useful template for what is possible (and even probable) in a centrally-planned world. As a reminder, the underlying backdrop was also similar (major economic downturn...
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Stocks Melt-Up As Bond Yields Spike Most In 2 Years
The market remains confused. The better-than-expected headline jobs data prompted USD strength (Taper-on), gold/silver weakness (Taper-on), Homebuilder stocks drop (Taper-on), Bond yields surge...
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19 Reasons To Be Deeply Concerned About The Global Economy
Submitted by Michael Snyder of The Economic Collapse blog,Is the global economic downturn going to accelerate as we roll into the second half of this year? There is turmoil in the Middle East, we are...
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The 50 Fattest Nations
On the day after celebrating its independence and with likely half the nation suffering from over-consumption, we thought it appropriate to 'celebrate' another #winning rank by the US. At an average of...
View ArticleMargin Calls Coming On US Too-Big-To-Fail Banks
Authored by Steen Jakobsen via his TradingFloor.com blog,This week's biggest news is not the Nonfarm Payrolls, or the European Central Bank or even Portugal's government falling. No - this week's big...
View ArticleNo Edible iPads Here: Cost Of Argentina Bread Doubles - Wheat/Flour Prices...
Over two years ago we highlighted just how out-of-touch with reality our central planners are when we exposed Bill Dudley's infamous inflation comments. Now it seems, Argentina is taking over the...
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IceCap Asset Management On An Upside Down World
Just a few weeks back, IceCap Asset Management reiterated their view that all financial markets are significantly affected by the money printing ways of our central banks. On June 19, 2013 Ben Bernanke...
View ArticleNicaragua Offers Edward Snowden Asylum, Venezuela Promptly Follows
Update: First Nicaragua, now Venezuela.Venezuelan President Nicolas Maduro said on Friday he had decided to offer asylum to former U.S. intelligence contractor Edward Snowden, who has petitioned...
View ArticleEgyptian Opposition Leader ElBaradei Accepts Interim Prime Minister Role
As the pro-Morsi Islamist coalition calls for widespread protests on Sunday against the military coup that just occurred in their nation, Al Jazeera is reporting that Mohamed ElBaradei (infamous for...
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41 IMF Bailouts And Counting – How Long Before The Entire System Collapses?
Submitted by Michael Snyder via The Economic Collapse blog,Broke nations are bailing out other broke nations with borrowed money. Round and round we go - where we stop nobody knows. As of April, 41...
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Bundesbank Warns China's Currency "On Its Way To Becoming Global Reserve...
Following the most recent shift 'away' from a USD-centric world (with the China-Australia direct currency convertibility), it seems the possibility of China's Yuan as the next global reserve currency...
View ArticleYou Are In The Ponzi Scheme Whether You Realize It Or Not
Originally posted at Monty Pelerin's World blog,The reasons for continuing to participate in stock markets are discussed in this video from Gordon T. Long and John Rubino. It all comes down to...
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Boeing 777 Crashes In San Francisco (NBC: 2 Dead, Up To 70 Injured) - Live Feed
UPDATE: NBC Reporting 2 Dead, *SF GENERAL HAS '10 TO 12' CRITICALLY INJURED FROM JET CRASHJust over an hour ago an Asiana plane inbound from Seoul, South Korea, crash landed at San Francisco airport....
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If You Have One Of These Jobs, Good Luck
While global equity markets (alone) celebrated what appeared to be a somewhat lackluster jobs data dump yesterday, it's not all rainbows and unicorns for the US employee. It is not just manufacturing...
View Article(Broke) Italy “Would Love To” But Can't Pay Its Bills This Year
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterIn most countries, it would be an act of mind-bending chutzpah, or perhaps a display of political insanity, but in Italy it...
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1987 And Market 'Accidents' Waiting To Happen
Marc Faber noted recently, "markets will punish the interventionists one day," and while we are already seeing 'accidents' occurring in JGBs, Gold, EM debt, and now US Treasuries; US equities remain...
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JP Morgan Vault Gold Drops To New Record Low; Brinks Gold Plunges By 24% In...
Last week we defined the golden sentiment rule as "anything that isn't off the chart soon will be." This will happen in a "perfectly sustainable" fashion, where increasingly more paper gold is shorted...
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The Chart That Housing Bulls Don't Want You To See
It is hard to square the economic circle of homebuilder/REIT-related equities falling (given concerns about the higher-rate environment) with a broad equity market rally as much predicated on the...
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From Greece With Schizophrenia
Earlier today, among other lies statements to New Democracy party supporters in Athens, Greek Prime Minister Antonis Samaras said (with a straight face) that the country is now the only oasis of...
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Video Of Asiana Airlines Flight 214 Crash Released
Still confused how Asiana Airlines Flight 214 crashed yesterday, leading to the first fatalities associated with a Boeing 777 airplane? The following just released video from CNN should answer all...
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