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Sean Corrigan Crucifies MMT
While hardly needing a full-on onslaught by an Austrian thinker, when even some fairly simplistic reductio ad abusrdum thought experiments should suffice (boosting global GDP by a few million percent...
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Only 54% Of Young Adults In America Have A Job
A month ago, Zero Hedge readers were stunned to learn that unemployment among Europe's young adults has exploded as a result of the European financial crisis, and peaking anywhere between 46% in the...
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EUR Brent Takes Out All Time Highs
The market has decided not to wait for the ruinous aftermath of Stanley Fischer's plan to print money and buy stocks to come to fruition. It is, in fact, frontrunning it by buying that which can not be...
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Schiff for Brains
I've seen a lot of chatter lately about the interview with Andrew Schiff in which he complained about how hard it was to get by on just $350,000 a year. The "smaller bonuses" environment on Wall Street...
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Social Media Giants Set Up “Free Speech Zones” to Censor Dissent
Preface: Reddit is the 119th most popular website worldwide on the Internet, which is more popular than Digg. Because news stories are submitted and voted up social media style, it used to be one of...
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Saudi Oil Pipelines Destroyed In Explosion, Sends Crude Soaring
Among the many factors responsible for the jump in WTI to just shy of $109 over the past hour, and Brent to new records in various currencies, is the following news reported so far only by Iranian...
View ArticleAusterity Measures Only Lead to More Bailouts.... So Who's Going to Bailout...
Don’t let the title fool you here. I am in no way condoning the profligate spending and absurd debt levels that comprise the welfare economies of Europe (and most of the developed world for that...
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WTI Passes $110
Update 1: WTI touches $110.55 before retracing to just under $110. Stops triggered following WTI crossing $110. SPR announcement due any minute? Also, we give a CME margin hike a probability of about...
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Photo Of Pipeline Fire And Map Of Awamiya Region
And another update this time a video showing Awamiya, Eastern Saudi Arabia, where the oil fields can be seen from minute three onward. Another update from Arab Digest: A new photo of the pipeline under...
View ArticleHere Comes The Saudi Denial
The latest in this story: Saudi oil officials says reports about attack on pipeline are untrue- Dow Jones So someone is lying. And now we can go back to assuming that Saudi Arabia has limitless excess...
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Watch PressTV Live Coverage Of Alleged Saudi Pipeline Attack
Saudi Arabia saying no, PressTV saying yes. Watch live coverage from the Iranians below.
View ArticleISDA's Take On Lack Of Greek CDS Trigger: "We Think The Credit Event/DC...
Everyone's favorite banker-controlled CDS determining organization took offense to media reports saying it may be secretive, corrupt, and borderline manipulate if not worse. To wit: "In sum, we think...
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Presenting Birinyi's Parabolic World... And Bi-Ruler
The last time Laszlo Birinyi came out with a bold market prediction was back in January 2011, when he forecast that the market would go to 2,854 by September 4, 2013 (more or less precisely to the...
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Juncker Says There Is A "Plan B" If Greek Debt Swap Fails
With 9 days left until the end of the Greek exchange offer, many are curious for hints on how the uptake may be proceeding and whether funds have amassed enough of a blocking stake in the Greek bonds...
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Capturing Sarkozy's Close Encounter Of The Third Estate Kind
Earlier we presented a photo gallery showing Sarkozy's dignified retreat from 'his people.' This time we bring several video clips of the same event as there is quite a bit lost in translation. For one...
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Forensic Analysis Of Yesterday's Market-Close Mini Flash Crash
When reporting on yesterday's bizarre market action, which in addition to criss-crossing the DJIA 13,000K a total of almost 70 times in the past 4 days, saw some very curious fireworks throughout the...
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Grantham Goes Marxist!
Grantham Goes Marxist! By Phil of Phil's Stock World “Capitalism threatens our existence.” That's the message today from legendary investor Jeremy Grantham, whose GMO Capital manages $97Bn and, like...
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As Spirits Soar, Two Bubbles Worth Watching
And now for something off the beaten path. As the title implies, while the rest of the world is transfixed on the usual bubble candidates in traditional asset classes, two of the bubbles currently...
View Article9/11 Commissioner and Co-Chair of Congressional Inquiry into 9/11 Say in...
Two former senators – one a 9/11 Commissioner, the other the co-chair of the joint Congressional inquiry into 9/11 – state in sworn declarations that the Saudi government backed the 9/11 attack. The...
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