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Guest Post: Exploring The Not-So-Altruistic Aspects Of The "Buffett Rule"
Submitted by Robert Ross of Casey Research Exploring The Not-So-Altruistic Aspects Of The "Buffett Rule" This week, President Obama released his $3.8-trillion budget for fiscal year 2013. The plan...
View ArticleThat Giant Sucking Sound in California
Wolf Richter www.testosteronepit.com There never was that “giant sucking sound” that Ross Perot had warned about during his quixotic presidential campaign in 1992—the sound that manufacturing jobs...
View ArticleGold: 1980 vs Today
When gold was undergoing its latest (and certainly not greatest) near-parabolic move last year, there were those pundits consistently calling for comparisons to 1980, and the subsequent gold crash. Yet...
View ArticleMillions of Evangelical Christians Want to Start WWIII to Speed the "Second...
MILLIONS OF EVANGELICAL CHRISTIANS WANT TO START WORLD WAR III ... TO SPEED UP THE SECOND COMING Millions of Americans believe that Christ will not come again until Israel wipes out its...
View ArticleFor Greece, "Tomorrow" Has Arrived
Submitted by Mark Grant, Author of the Financial Commentary: "Out of the Box" Tomorrow Has Arrived The day dawns with a deal for Greece that is full of smoke and mirrors; lies and deceptions. It is a...
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The Morning After Caption Contest
Because a(nother) pyrrhic victory is still a victory.
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Greek CDS Trigger Priced In
As the Greek parliament supposedly votes on the introduction of CACs into the outstanding Greek government bonds (governed under Greek law), the Greek bond and credit derivative market has reacted...
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Meanwhile, China Moves From Currency Wars To Trade Wars
As markets replay the same identical reaction to the same identical Greek news that we saw back on July 21, 2011 (and we all know where that went), something else entirely and more troubling is going...
View ArticleThe Eurogroup Statement - Some Thoughts And Questions
From Peter Tchir of TF Market Advisors, It is hard to read the document without a sense that the Troika is no longer “helping” Greece, but running Greece. You think they would have chosen not to...
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Same Time, Same Place - Greek Labor Unions Waste No Time In Scheduling...
That didn't take long. From Athens News: "Greece's two biggest labor unions, GSEE and ADEDY, on Tuesday announced plans for a protest rally on Syntagma Square on Wednesday. Starting at 4 p.m., the...
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Grecian Tragedy Formula, Bailout Number 3
The word ???????? (tragoidia), from which the word "tragedy" is derived, is a portmanteau of two Greek words: ?????? (tragos) or "goat" and ??? (ode) meaning "song", from ??????? (aeidein), "to sing"....
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Gold Surges As Market Remembers Definition Of "Dilution"
Yesterday, when charting the global multi-trillion central bank stealth reliquification (aka the primary driver for the market to surge 20% in the past several months, and since "the market, or Russell...
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Greek FinMin Dispenses Words Of Advice On Fixing Greece
Update: it just gets better: VENIZELOS SAYS NOW IS THE TIME FOR DEPOSITS TO RETURN TO BANKS To FUND, FUND, FUND the escrow account no doubt. Original post: The only soundbite of note from the...
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ECB Preparing To Close Liquidity Spigot?
With the hopes and dreams of every long-only manager and beta-chaser now resting on the broad shoulders of nominal-wealth-creators at the European Central Bank and its LTRO 2 offering, today's news...
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As Dow Passes 13,000 In Nominal Terms, Here Is The "Real" Picture
Three charts that perhaps will calm the nominal euphoria as Dow 13000 screams across the screens. Since May 2008, the Dow is unchanged in price and down 50% in 'real' gold terms. The picture is just as...
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The Sophisticated and the Scammed – MBS Trusts Keeping Assets on the Books...
The Sophisticated and the Scammed Each time an investor group or shareholder sues a financial institution for MBS damages, the financial institution files a response stating the investors "were...
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Here Is Why The Dow Just Passed 13,000
Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in...
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Guest Post: Scale Invariant Behaviour In Avalanches, Forest Fires, And...
Submitted by The World Complex Scale Invariant Behaviour In Avalanches, Forest Fires, And Default Cascades: Lessons For Public Policy We show that certain extended dissipative dynamical systems...
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Presenting Morgan Stanley's Commodity Thermometer
Opting to trade commodities over Cede & Co.-owned stock certificates? Hopeful there would at least be a physical recovery if the counterparties collapse in a bilateral netting fireball of linked...
View ArticleGuest Post: What Happens When Phantom Profits Vanish?
Submitted by Charles Hugh Smith from Of Two Minds What Happens When Phantom Profits Vanish? As the U.S. dollar strengthens against other currencies, the phantom corporate profits generated by a...
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