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Why The Euro Is So Strong, Or Why The Market Expects $700bn Of Fed QE3
The question puzzling currency markets is why the EUR is so strong. While we have argued that during the risk-off period of the last month or so post-LTRO2 (before Tuesday) EURUSD strength appeared to...
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Why Is It Necessary For The Federal Government To Turn The United States Into...
Why Is It Necessary For The Federal Government To Turn The United States Into A Prison Camp? Courtesy of Michael Snyder of Economic Collapse There has been no society in the history of the world that...
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What Do Metal Prices Tell Us About The Future Of The Stock Market?
In short? Nothing good. As the following chart from Morgan Stanley indicates, metal prices tend to be a good predictive indicator of global industrial production. The disturbing finding is that on a...
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Goldman Slashes April NFP To 125,000, Concerned By "FOMC’s Apparent...
The good days are over, at least according to Goldman's Jan Hatzius. Now that "Cash For Coolers", aka April in February or the record hot winter, has ended, aka pulling summer demand 3-6 months...
View ArticleGuest Post: Does Believing In The "Recovery" Make It Real?
Submitted by Charles Hugh Smith from Of Two Minds Does Believing in the "Recovery" Make It Real? Basing a "virtuous cycle" on lies and propaganda is self-defeating. Does believing in the "recovery"...
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HeiL CISPA!
. The Powers That Be are preparedThe system's forever impairedThe day of the fallIs tyranny's callLet those who have wisdon be scared The Limerick King . . . Everything you need to know is: Here
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Presenting The Source Of The "US-Europe Decoupling" Confusion
Over the past several months, starting with the great US stock market surge back in October 2011 which was not paralleled by virtually any other index in the world (and especially not Spain which...
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Europe's Other "Union" Is Ending
Almost a year ago, we observed the first crack in that other fundamental core of the European "union" experiment - the Schengen visa-free and customs-union zone. We wrote: "While Europe may have sold...
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Guest Post: Wealth Inequality – Spitznagel Gets It, Krugman Doesn’t
Submitted by Pater Tenebrarum of Acting Man Wealth Inequality – Spitznagel Gets It, Krugman Doesn’t We wrote an article on wealth and income inequality on July 1 2011, in which we criticized a speech...
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Myth Buster: TARP Bailout May Realize A Positive Return for Taxpayers?
By EconMatters The Troubled Asset Relief Program (TARP) is a program initiated by the US government, funded by taxpayers, in October 2008 to bail out the banking and housing sector after the 2008...
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Does Quantitative Easing Benefit the 99% or the 1%?
Forget Competing Theories … What Do the Facts Say about Quantitative Easing? Paul Krugman says that QE, expansive monetary policy and inflation help the little guy (the 99%) and hurt the big banks (the...
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"We Are Number One!", Or Why At Least Broke Greece Is Not America
A rather curious phenomenon that has been observed in the popular press lately is that on those rare occasions when total global public debt is demonstrated correctly on a country by country basis,...
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Second Baby Squid Rumored To Be In The Running For Bank Of England Head
Two weeks ago we reported the somewhat surprising news that according to the FT, current Bank of Canada head, and former co-head of sovereign risk at Goldman Sachs had been "informally" approached by...
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iTax Avoidance - Why In America There Is No Representation Without "Double...
Back in October 2010 we presented an analysis by Bloomberg which showed not only that courtesy of not paying taxes at its statutory rate of 35% Google was adding about $100/share to its then stock...
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On Student Loans, Accounting Gimmicks, Electric Cars, FX and a note on SS
Student Loan Battle There was a big fight in D.C. this past week over student loans. The issue is a scheduled increase in interest on new student loans from 3.4% to 6.4% set for July 1. Clearly...
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The Market Equilibrium Puzzle
This Friday we were treated to another Stupid Market Trick. The first-look US GDP number was announced, and at 2.2% was much weaker than the consensus of 2.5%, but after a brief sell-off the market...
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Report: Repeated Low Doses of Radiation Can Cause More Damage than High Doses
Can Low Doses of Radiation Cause More Damage than High Doses? The New York Times’ Matthew Wald reports today: The Bulletin of the Atomic Scientists[’] May-June issue carries seven articles and an...
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A Scream Worth $119,922,500
If Munch's Scream was a public company, its stock would be limit up now, because contrary to expectations of it selling at a just concluded auction in Sotheby's for $80 million, the painting just...
View ArticleGuest Post: SNB Buys Swiss Francs And Sells Euro: Welcome To The EUR/CHF Peg
Submitted by George Dorgan SNB buys Swiss Francs and sells Euro: Welcome to the EUR/CHF peg Why the big Q1 loss of the SNB was actually a big win for the central bank Anybody watching the EUR/CHF...
View ArticleMerkel's in Hot Water... So All Future Backstops Will Be Even MORE "Strings...
Spain, which is now at the forefront of the Great Western Debt Default Collapse, has opted to seek funding from the mega-bailout fund, the European Stability Mechanism (ESM) rather than going...
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