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Two Thirds Of All Nevada Mortgages Are Underwater
The latest quarterly report out of CoreLogic is as usual full of curious insights about the state of US housing. Key among them is the finding that "negative equity and near-negative equity mortgages...
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Infographic: Is Gold A Bubble?
Yes, another infographic, and yes, another answer (always the same) on whether gold is a bubble. Courtesy of bullioninternational.com
View ArticleGeithner Pens Another Ridiculous Op-Ed
Nearly two years after his catastrophic foray into Op-Ed writing, here is Tim Geithner's latest, this time making the hypocritical case to "not forget the lesson from the financial crisis"... which he...
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Who Is Most Exposed To The Oil Price Shock?
Over the past 5 months, the only reason the US market, and this economy has outperformed the world (or "decoupled" in the case of so-called US fundamentals) is because the trillions in incremental...
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Watch As Near Free Money To Banks Fails To Prevent Nuclear Winter For...
I think I will recap this week in BoomBustBlog postings early since a comment from the British sell side bank Barclay's literally irked the shit out of me. First the comment, then the recap. In my post...
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Tilson Down 0.9% In February, Rebenchmarks Performance Index To Appear Better...
That Tilson's fund was down 0.9% in February is no surprise. After all the company's Qualified fund has underperformed the S&P since inception in 2004 (more on that in a second). After posting a...
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Warm Weather Did Boost Economy Goldman Finds, Will Now Be A Drag
While last winter every downtick in corporate earnings was promptly "explained away" by executives using the harsh weather excuse, one has heard not a peep from companies on the topic of an abnormally...
View ArticleArt Cashin On Why The "Economy Is Weaker Than It Has Been In 21 Months"
The key focus of Cashin's daily letter today has to do with the steadfast resilience of the ECRI's Lakshman Achuthan, who called for a recession back in September, and when asked yesterday if he...
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Guest Post: If This Is Such a Strong Economy, Why Does This Chart Look...
Submitted by Charles Hugh Smith from Of Two Minds If This Is Such a Strong Economy, Why Does This Chart Look Recessionary? Is the U.S. really a post-oil economy? One way to gauge the real economy is to...
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THe FeDeRaL ReSeRVe FiRe DePaRTMeNT...
FIREMAN TIM My wife looks up from the newspaper with bewilderment at another story about people in the financial world or their lobbyists complaining about Wall Street Fire codes. Four years ago, on...
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iFoodstamps
Think Apple is the only thing allowed to hit new records every month? Think again: presenting iFoodstamps - the number of Americans living in poverty (or at least doing a damn good job of fooling the...
View ArticleAs Greek CDS Hit Record, German Economy Minister Accuses Greece Of Reneging
Remember Greece, where everything is supposedly fixed, except that nothing is until Greek bondholders all agree to get nothing for something? Or in other words, where Germany is hoping it can assign...
View ArticleMike Krieger Asks Whether September 11, 2001 Is Our Big Lie
From Michael Krieger of KAM LP “I am convinced that there was a direct line between at least some of the terrorists who carried out the September 11th attacks and the government of Saudi Arabia,”...
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A default that isn’t a default and a sale that isn’t a sale
A default that isn’t a default and a sale that isn’t a sale By Bruce Krasting One of the biggest frauds of the past few years took place yesterday. The International Swaps and Derivatives Association...
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Iceland Wants To Adopt The Dollar... No, Not That One, The Other One
Not the US Dollar of course: why would the only country to successfully overthrow the chains of banker tyranny and default in their face want to ever have anything to do with the USD, the source of all...
View Article"How Did You Not Notice 24-Year-Olds Were Being Paid $2 Million A Year Who...
Michael Lewis' scathing, aphoristic, uber-sarcastic style need no introduction. As such we will leave this brief clip from Slate, in which The Big Short author is asked how to avoid a new financial...
View ArticleEuropean Solidarity - "Everybody Knows The Spanish Are Lying About The Figures”
Back in October, when Greece was rewarded with further bond haircuts for progressively missing its economic targets, even after having gotten caught on at least one occasion making its economy appear...
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We Were Off By Two Months
Back on May 25 2010, just as the Greek fiesta was starting to unravel, we wrote the following: "Total US debt per today's Daily Treasury Statement was $12,989,095 million. Also today, the US Treasury...
View ArticleFormer Goldman, JP Morgan Banker Warns Hedge Funds To Accept Coercive Greek...
In the neverending saga that is the Greek exchange offer we have a new and very important player: the head of the Greek debt management agency, Petros Christodoulou, who is now actively threatening any...
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