Citi: "Be Careful Of The Big Con"
Despite rising gas prices, rising mortgage rates, slowing income growth and the rise of 'low-quality' part-time jobs, 'con'sumer'con'fidence'con'tinues to rise to post-recession highs. However, as...
View ArticleFriday: Fools Rush In Where Fundamentals Fear to Tread
Friday: Fools Rush In Where Fundamentals Fear to TreadCourtesy of Phil of Phil's Stock WorldS&P 1,700! Where's my party hat? Where's everybody's party hat? Why are we not throwing a parade for...
View ArticleGuest Post: Enron Redux – Have We Learned Anything?
Submitted by Sue McNamara and Bruce Corneil of Beutel Goodman,Greed; corporate arrogance; lobbying influence; excessive leverage; accounting tricks to hide debt; lack of transparency; off balance sheet...
View ArticleMargin Credit Charts And Money Market Funds
Some charts for a quick review. First Money Market Funds.March 31, 2009 to July 31, 2013:December 31, 2010 to July 31, 2013:Following that up with a review of Margin Credit I put on Sang Lucci (my...
View ArticleRecord 21 Million 'Young Adults' Now Live With Their Parents
Just about a year ago we questioned the "demographic demand" thesis for why the US housing 'recovery' would become self-sustaining and lead to yet another fiscal and monetary 'nirvana'. However, while...
View ArticleEric Sprott On The Detroit Template
Submitted by Eric Sprott and Etienne Bordeleau of Sprott Global Resources,On July 18 2013, the city of Detroit officially filed for bankruptcy under Chapter 9. At $18 billion, this is the largest...
View ArticleMarc Faber On The Sino-American "Manipulative And Protectionist" Standoff
In an important diversion from a pure markets focus, Marc Faber outlines his concerns and hopes for the "economic battle between the US and China," noting that as the gap between the Western world and...
View ArticleObama May Snub G20 Summit
Follow ZeroHedge in Real-Time on FinancialJuiceNow that Edward Snowden has been granted temporary asylum in Russia and he has been allowed to leave the airport, things are starting to hot up between...
View ArticleAmerica’s Urban Distress: Which States And Regions Set Up Their Cities To Fail?
Submitted by F.F. Wiley of CyniconomicsAmerica’s Urban Distress: Which States And Regions Set Up Their Cities To Fail?In 2011, the four U.S. cities with the highest unemployment rates were:Stockton,...
View ArticleBarack Obama: Anti Patent Troll-In-Chief
The man who in the first months of his reign took over the bankruptcy process turning it over on its head to benefit the state over centuries of established creditor rights (with GM, Chrysler and a...
View ArticleEven the CEO Of China’s Largest Appliance Manufacturer Gets Cold Feet
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterChina’s property and infrastructure bubbles, nurtured by limitless borrowed money, are still swelling up beautifully – whether...
View ArticleThe History Of Apple's Lobby Spending
Following the posting of the Patent Troll-In-Chief article, we were bombarded with requests to show where, how much to whom Apple had given money in the past. After all the last thing Apple wants, is...
View ArticleIs Egypt On The Verge Of Engineered Civil War?
Submitted by Brandon Smith of Alt-MarketIs Egypt On The Verge Of Engineered Civil War?For thousands of years, Egypt has been one of the primary pillars of the Eastern world. When Egypt falls into...
View ArticleObama Meets Security Advisors Over "Most Specific, Credible Terrorist Threat...
The time has come to remind Americans that "you can't have 100-percent security and also have 100-percent privacy and zero inconvenience" or, in other words, why only the government can provide a veil...
View ArticleAL PONZI UPDATE...
JP MADOOFAH is mad at the government. Recent threats made to JP Jane. . . BANZAI7 NEWS--Top U.S. officials did not meet Saturday to review the Al Ponzi threats that did not prompt regulators to issue...
View ArticleThe Surprising ETF That's Outperforming the S&P
When looking into performance of the S&P vs a few banks since the "recovery", I was curious to see how the the Industrials were performing against the ever rising index. With manufacturing...
View ArticleBusted
- The Post Office has to come up with $5.6Bn by September 30 to pay for its share of health and retirement benefits. There’s not a chance in hell that this will happen. The PO has just 4 days of...
View ArticleGoldman Sued For Monopolizing US Aluminum Warehousing Market
Over two years after Zero Hedge first accused Goldman and JPMorgan of becoming monopolists in the commodity warehousing business (see "Goldman, JP Morgan Have Now Become A Commodity Cartel"), and two...
View ArticleJan Hatzius' First 2013 Mea Culpa: "Glass Half Full"
Back in late 2012, Goldman's Jan Hatzius did precisely what he did at the end of 2010: predicted that after many years of delays, the US economy would finally soar higher on the back of the reignition...
View ArticleDEA's "Cover Up Program" Revealed: More Troubling Than Pervasive NSA...
Undated documents discovered by Reuters show that federal agents are trained to "recreate" the investigative trail to effectively cover up where the information originated, a practice that some experts...
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