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As Anger Over Russian Syria Veto Mounts, Putin "Briefly" Leaves Europe In The...
Yesterday we presented why when it comes to Syria, the UN Security Council can forget any attempt at "overhauling" a regime that is a cornerstone for Russian naval presence in the Mediterranean and the...
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On The Failure Of Inflation Targeting, The Hubris Of Central Planning, The...
As an ever greater portion of the world succumbs to authoritarian control (whether it is of military disposition, or as we first showed, a small room of economists defining the monetary fate of the...
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Live Feed From Syntagma Square
With Greek politicians on the verge of selling out the population more than ever before only to preserve the country's ability to be an ECB toll stop, where it takes Troika money and promptly pays...
View ArticleIs Obama's Peace Prize About To Be Confiscated? Nobel Peace Prize Jury Under...
The announcement of Obama's recognition by the Nobel Peace Prize committee in 2009 seemed, to many, more like an 'Onion-worthy' headline than reality but now, as The Associated Press reports, it seems...
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Time To Hedge
Since the summer of 2010, the way gold was viewed and used by the overall market has changed. For much of the period from Jan 1, 2008 until June 30, 2010 for example, gold (GC) has had an...
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6 Hour Greek Meeting Ends With No Agreement, Troika Demands Answer By 11am...
The Greek endgame appears to be approaching... or not. After a "marathon" (in Greek terms) session between the Greek coalition cabinet members ended with no definitive agreement, and in fact LAOS...
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Larry Summers on Labor Participation Rate
Larry Summers Blows It on TV Courtesy of Bruce Krasting The Labor Force Participation Rate (LFPR) is a key economic statistic today. Changes in the LFPR are shaping the direction of the capital...
View ArticleHarry’s Law | Video Clip – Civil Disobedience Isn’t Just a Right, It’s a...
A women who lost her house due to the mortgage crisis, and her bank screwing her over with refusing to work something out, and makes a statement by robbing her bank. The DA wants to give her 20 years...
View ArticleNegative Bank Preannouncements Begin
We are not even half way into the quarter, and the negative preannouncements for financials have already begun: MACQUARIE SAYS `SUBSTANTIALLY LOWER LEVELS' OF CLIENT ACTIVITY - BLOOMBERG Why is this...
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Sheeple Awakenings
Beware what you ask for... Today's cartoon of the day comes from xkcd.com
View ArticleGuest Post: What If We're Beyond Mere Policy Tweaks?
Submitted by Charles Hugh Smith from Of Two Minds What If We're Beyond Mere Policy Tweaks? The nation's ills cannot be fixed by thousands of pages of regulation or more policy tweaks. Only a profound...
View ArticleEmployment Data Saga Continued: Krasting Says Larry Summers Misstates;...
David Stockman wrote this comment to the article by Bruce Krasting, "Larry Summers on the Labor Force Participation Rate". (See the summary video here.) Employment Data Saga Continued: Krasting Says...
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CBO Solution to Budget Crisis - Everyone Bend Over!
CBO Solution to Budget Crisis - Everyone Bend Over! Courtesy of Bruce Krasting I look at the political landscape and conclude that we’ve got more of the same in front of us. I think Obama will win,...
View ArticleThe Endgame: Japan Inc. Seeks Salvation Overseas
Wolf Richter www.testosteronepit.com Japanese companies spent $70 billion on acquisitions overseas in 2011—a record. Healthcare was the largest sector, $20.6 billion. Armed with a ferociously strong...
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RBA Keeps Cash Rate Unchanged At 4.25% On Expectations Of 25 bps Cut, AUD Spikes
When all else fails, pretend it's all good. Like what Australia did, following the just released announcement by the RBA that it is keeping the cash rate unchanged at 4.25% on expectations of a 25 bps...
View ArticleThe IRA | Facebook "Jumps the Shark" Interview with Michael Whalen
Had to cross post this discussion with my brother Michael Whalen from The Institutional Risk Analyst. The past articles in The IRA require a $99/yr subscription, but the most recent is free. Also note...
View ArticleDear Valued Client: Goldman Is Trying Desperately To "Re-package" Those MBS...
And so we've come full circle. The WSJ is reporting that the Federal Reserve Bank of New York will be seeking bids by the middle of this week for roughly $6 Billion dollars worth of residential...
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A "Quality Assessment" Of US Jobs Reveals The Ugliest Picture Yet
Over the past week we have repeatedly exposed the BLS' shennanigans to both keep the headline unemployment rate suppressed and to generate an upward bias in the market courtesy of a "bigger than...
View ArticleShould You Be Subsidizing Executive Compensation In The Name Of Job Creation?
On Friday every main stream media organization was hyperventilating over the amazing NFP number and the Unemployment rate. Three years after the great recession ended JOBS were created. Hallelujah -...
View ArticleAs Falls Sarkozy, So Falls Europe: The Full Story Behind The Upcoming French...
Just a week ago we brought readers' attention to the fact that Francois Hollande, the Socialist Party candidate who is leading most opinion polls in the French presidential election, was extending his...
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