Liquidity Update: Record High Deposits, Fed Reserves And Foreign Bank Cash;...
Bored with the constant daily speculation about who may be the Fed's next head (short answer: whoever Goldman says), and more interested with the actual liquidity dynamics that the next Chairman (or...
View ArticleWhy China's Leaders Know There's A Storm Ahead
Positive demographic cycles have been one of the key components in the strong growth trends for a number of Asian countries. As Morgan Stanley note in their most recent 'China Deleveraging' discussion,...
View Article"Economics Cannot Trump Mathematics"
Originally posted at Monty Pelerin's World blog,Extreme Fear Is ReasonableIt is nearly impossible to convince people that an economic ending is likely, perhaps inevitable. It is beyond anything they...
View ArticleGold And The Endgame: Inflationary Deflation
Authored by Paul Mylchreest's Thunder Road Report from Monument Securities,Excessive monetary stimulus and low interest rates create financial bubbles. This is the biggest debt bubble in history. It is...
View ArticleThe Exquisite Art Of Marketing To Pauperized Consumers (By Hiding Inflation)
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterWhile workers in the upper income categories, those who don’t have to worry about the price of toilet paper, have seen their...
View Article"Bagehot Was A Shadow Banker" - A Monetary System That Is Only As Good As Its...
Over two years ago, in March of 2012, when it was taboo to even suggest the Fed may be forced to admit failure once again with its then "final" monetary intervention Operation Twist (following similar...
View ArticleIs This The Recovery Obama Is Talking About?
Obama: "...the economy is far stronger now than it was four and a half years ago."...as long as one ignores the reality of the following chart... We've seen macro "Hope"and micro "Reality", but for...
View ArticleA LeTTeR FRoM THe ATToRNeY GeNeRaL
. . The idea that the Attorney General of the United States of America would send such a letter to the representative of a foreign government, particularly Russia under the leadership of a former...
View ArticleHow the Great Global Rig of Post-2009 Will End
The Central Bank rig of the last five years appears to finally be ending. Since the Great Crisis erupted in 2007-2008, Central Banks around the world have resorted to two primary tools in their...
View Article80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed
Despite consumer confidence at a six-year high, the latest AP survey of the real America shows a stunning four out of five U.S. adults struggle with joblessness, are near poverty, or rely on welfare...
View ArticleEurope Passes The Inflection Point (Or Why LTRO3 Is Inevitable)
One year on from the "whatever it takes" speech and all appearances suggest Draghi's all-in move with the imaginary OMT 'worked. European sovereign spreads have compressed dramatically, European stock...
View Article"The Taper Is Coming" - What Wall Street Thinks
Back in May, when we coined the term "Taper Tantrum" before the infamous Hilsenrath article was released bringing with it famine, pestilence and a full rerun of the 1994 blow out in yields and when the...
View ArticleWill Kuroda Do A Bernanke?
The performance of the JPY (strengthening) and Nikkei (falling notably) over the last few days suggests a market that is expecting to be disappointed by tonight's BoJ Governor Kuroda's speech. However,...
View ArticleCentral Bank Monetization And Scrambled Economic Signals
Excerpted from Diapason Commodities' Sean Corrigan's five-part series 'Time and Money' (Part 1, Part 2, Part 3, Part 4, and Part 5) originally posted at The Cobden Center blog,...[Our investments]...
View ArticleItaly Outraged After Bananas Thrown At Its First Black Minister
Even as Europe's insolvent peripheral states accelerate their implosion into Keynesian singularities due to their stubborn refusal to do "the right thing" and quit the artificial currency union in...
View ArticleNikkei Drops 1000 Points In 3 Days; JPY Strongest In A Month
Something is rotten in the state of Abenomics. The last three days have seen the biggest surge in JPY in over six weeks (now well under 98 and at its strongest again the USD in over a month) and the...
View Article1994 Redux? "It's A Bear Market Waiting To Happen"
While many draw comparisons to 1994's Fed actions, rate rises, and the subsequent economic and market performance, UBS' commodity team examines the five main drivers of that mid-90s disinflationary...
View Article35 Facts To Scare A Baby Boomer
Submitted by Michael Snyder via The Economic Collapse blog,If you want to frighten Baby Boomers, just show them the list of statistics in this article. The United States is headed for a retirement...
View ArticleJPMorgan Accused By FERC Of Manipulating Power Market, To Be Fined $400 Million
Just flashing red headlines for now:JPMORGAN ACCUSED BY U.S. REGULATOR OF MANIPULATING POWER MARKETJPMORGAN ACCUSED OF MANIPULATIVE ENERGY-BIDDING STRATEGIESJPMORGAN ACCUSED OF ENERGY-MARKET...
View ArticleWhich States Are Getting Fattest Fastest?
While Mississippi (34.9%) and Louisiana (33.4%) have the highest percentage of obese adults, Bloomberg's latest data shows that Delaware and Oklahoma are getting fatter the fastest of all US states....
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