Clik here to view.
Did Warren Buffett Have a Hand in the Keystone Pipeline Being Shut Down?
President Obama seems to be all about oil lately. Whether it's increasing the size of government to "crack down on oil speculators", or you know, perhaps exhibiting crony capitalism at its finest. As...
View ArticleComplete Gundlach Presentation
Earlier today, thousands listened to Jeff Gundlach live (if with the occasional flash crash) lay out his latest views on the economy and markets. For those who missed it, as well as for those who may...
View ArticleClik here to view.
A Different Buffett Rule - One That Would Work
The Senate torpedoed the Administration’s Buffet Rule. . This was a dumb piece of legislation. The joke was that it would have only raised $5b a year. That’s chump change. It never had a...
View ArticleSlaying the sacred cow: Biderman
I can see what reverence people on this site have for data. Government data are not good. If it is seasonally adjusted it has been contaminated. Government surveys are crap. And private data are...
View ArticleClik here to view.
Guest Post: 10 More Years Of Low Returns
Submitted by Lance Robert of StreetTalk Advisors 10 More Years Of Low Returns Ten more years of low returns in the stock market. If you are one of the millions of baby boomers headed into retirement -...
View ArticleClik here to view.
SF Fed: This Time It Really Is Different
It appears that after months of abuse for their water-is-wet economic insights, the San Francisco Fed may have stumbled on to the cold harsh reality that this post-great-recession world finds itself...
View ArticleClik here to view.
Saudi Arabia Pumps Record 9.8 Million Barrels/Day In March
According to the latest OPEC data, Saudi Arabia, which in its own view, is some endless pool of easily retrievable crude, yet which Phibro's Andy Hall, as well as leaked confidential docs, claim is...
View ArticleBob Janjuah Dismisses Central Bank Independence Amid Monetary Anarchy
We discussed Bob Janjuah's must-read perspective of the market just over a week ago and his appearance on Bloomberg TV this morning reiterates that strongly held view that we are in midst of central...
View ArticleClik here to view.
Quote Of The Day
The following sentence captures, better than anything, the sheer sociopathology, and the epic unprecedented delusions of a failing central planning bureaucrat: Angela Merkel is not happy that financial...
View ArticleIs This The Canary Of Australia's Collapsing Housing Coalmine?
When thinking of Australia, one traditionally imagines a country that is nothing but a secondary derivative of China's trade surplus, and an unpegged currency that allows for more trading flexibility...
View ArticleThe Birth Of Barter: How One Greek Town Dropped The Euro And Moved On
Greece was the first country to defect from the non-default game theory regime of the European Union (a move which ultimately will be in its great benefit, as it is forced, very shortly, to default...
View ArticleClik here to view.
Keynes For Muppets: Elmo Explains The National Debt
Submitted by Mark McHugh from Across The Street Elmo Tries to Explain The National Debt (Again) Muppets have received a lot of bad press since Greg Smith realized that he is not, in fact, a...
View ArticleClik here to view.
Economic Miss Trifecta Not Bad Enough For "THE NEW QE" Rumors
Continuing today's disappointing data releases, we now get the Philly Fed, Existing home sales (aka the NAR's monthly advertising update), and Eurozone confidence. Sure enough, all missed, since we are...
View ArticleClik here to view.
Guest Post: Meet The Man Bankrupting The Eurozone (And Maybe The Rest Of The...
Submitted by James Miller from the Mises Institute of Canada Meet the Man Bankrupting the Eurozone (and Maybe the Rest of the World) No, it’s not Greece Prime Minister and bankster puppet Lucas...
View ArticleClik here to view.
Is The Real Indicator Of The Global Economy In Africa?
The WTO recently announced it expects global trade to fall again from 5% to only 3.7% growth - significantly lower than the 20-year average growth rate of 5.4%. But ThomsonReuters notes this week that...
View ArticleClik here to view.
No Housing Recovery Until 2020 In 5 Simple Charts
Every day (for the past 3 years) we hear countless fairy tales why housing has bottomed and will improve any minute now. Just consider the latest kneeslapper from that endlessly amusing Larry Yun of...
View ArticleForget Today's Bond Auction, Spain is an Absolute Disaster
Well the financial world is awash with reports that the Spanish auctions went well. They did not. And you better believe the ECB and other Central Banks were involved in the buying. Instead, Wall...
View ArticleClik here to view.
Guest Post: How States Can Protect Themselves From Financial Collapse
Submitted by Brandon Smith from Alt-Markets How States Can Protect Themselves From Financial Collapse The states of America are, truly, children of the Constitution. The legal framework that is the...
View ArticleViva Central Planning
In this week's missive, Jefferies' strategist David Zervos decries the doomsayers, panders to the printers, and colors this colossal nominal rally (and its expected infinite horizon) through green...
View ArticleClik here to view.
Fab Five Fed-y: Which Fed Chairman Has Done The Best "Dual Mandate" Job?
While one can talk until one is blue in the face about the pros and cons of the current central bank's (mis)deeds over the past 7 years, the reality is that most people are backward-looking (i.e.,...
View Article