Obama's Full Take On Messrs. Summers And Yellen
While Janet Yellen's chances of becoming the next head of the Fed are plunging, those of Larry Summers are soaring, and it may be all due to a simple Freudian slip by the president. For those who...
View ArticleEurozone Funding Shortfall Rises To Over $4 Trillion, Increases By More Than...
Back in April 2012, Zero Hedge pointed out something rather disturbing for the European banking sector and defenders of the European monetary myth: the "aggregate shortfall of required stable funding...
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Where The Fed's Excess Reserves Are Going: 51% Foreign Banks; 49% Domestic
As shown here previously, there is a direct correlation between the excess reserves created by the Fed, and the cash holdings of domestic and foreign banks (operating in the US) disclosed by the Fed's...
View ArticleDishonesty And Candor In Monetary Policy
Submitted by Hunter Lewis via The Circle Bastiat blog,In the July 26, 2013 edition of the Bank Credit Analyst, editor Jim Grant notes that when Ben Bernanke was beginning the second round of...
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Egypt To Begin Crackdown On Pro-Mursi Supporters Tonight, "A Move Which Could...
Nearly a month after Egypt underwent a truly embarrassing, if mostly for the US department of state, coup and days after international "mediator" US Deputy Secretary of State William Burns left Cairo,...
View ArticleNew Week, Same Drivers
We continue to identify four main macro issues shaping the investment climate: The tapering anticipation in the US; the stabilization of the Chinese economy; a cyclical recovery in Europe; and the long...
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Package Containing VX Nerve Gas Found At JFK Airport
With the NSA already combing through and recording every form of electronic communication (or 1.6% of all global internet traffic to be precise), it was only a matter of time before a scare involving...
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Goldman Admits Payroll Data Is "Economically Meaningless"
As the disconnect between payroll data and GDP grows, and the schrodinger reality of a non-farm-payroll print and JOLTs data increases; it will not come as a total surprise to Zero Hedge readers that...
View ArticleZimbabwe's Mugabe Tells Critics To 'Go Hang'
When it comes to political rhetoric, no one can top the un-filtered awesomeness of 89-year-old Robert "we are delivering democracy on a platter" Mugabe. Following his 61% of the vote winning election...
View ArticleBernanke Just Felt a Chill Down His Spine
In April 2013, Japan announced a QE program of $1.4 trillion, an amount equal to roughly 25% of the Japanese GDP. To put this into perspective, the US’s QE1, QE 2, QE 3, and QE 4 programs which were...
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Is The Bank Of England The Worst Central Bank In Europe?
The Bank of England has missed its inflation target more than any other major European central banks in the past five years. As Bloomberg Brief notes, while BOE Governor Mark Carney linked monetary...
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Don't Tell Ackman, But Market Sees 13% Chance JCP Doesn't Make It Past Christmas
The last few days have seen JCPenney's saga take a decided turn for the worse - if that's possible. With the stock price EKG-ing on every utterance from a CNBC mouthpiece, a desperate hedge fund...
View ArticleWe Run Our Finances Better Than the State Does
Follow ZeroHedge in Real-Time on FinancialJuiceThe order of the day is probably ‘I’m alright Jack’, as the Pew Research Center shows that in a 39-country analysis people around the world believe that...
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Monday Humor: The Gappiest Place On Earth
"Mommy, we're on vacation. We're here to have fun. This is not what we expected," was the comments from kids after luxury resort condos crumbled into a massive sinkhole a few miles from of Disney...
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Breaking Ben
"If you don't know who Mr Keynes is, then maybe your best course would be to short lightly..."In conjunction with WilliamBanzai7, inspired by W.W.
View ArticleGuest Post: The New, Improved 1984
Submitted by Charles Hugh-Smith of OfTwoMinds blog,The new, improved version of 1984 is based on complicity. George Orwell's prescient book 1984 envisioned a technologically-enabled authoritarian state...
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BaRRaCK THe RoDeO CLoWN...
. Obozo's a rodeo clown He sports an insidious frown His arrogant charm Protects him from harm While his lies bring a whole nation downThe Limerick King
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Five Years Later, Fed Finds QE Has "At Best, Moderate Effects On Economic...
In a somewhat stunning revelation from the masters-of-money-printing, the SF Fed (whose former head is none other than alleged Fed chairwoman frontrunner Janet Yellen) has found that "asset purchase...
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Picturing The Dis-United States Of Europe
With calls for a European renaissance and a general belief in stability through the German elections, it is perhaps worth a reminder of the structural problems that the supposedly bottoming union is...
View ArticleFirst Fiat, Now Printing Comes To Rewards Programs As Hertz Dilutes Rewards...
Because diluting the paper currency through endless global central-bank printing is obviously not enough to boost corporate top and bottom lines, next up on the dilution wagon are the corporate...
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