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The Historic Inversion In Shadow Banking Is Now Complete
Back in June, we wrote an article titled "On The Verge Of A Historic Inversion In Shadow Banking" in which we showed that for the first time since December 1995, the total "shadow liabilities" in the...
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The Collective Conscious Crack Up Boom.......Evil Plan 101.0
From Slope of Hope: Well, my fellow Slope-a-Dopes, although this will undoubtedly be a dreadful decidedly devastating disappointment to many of you, I have chosen to put away my almighty artistically...
View ArticlePreview Of The Key Events In The Coming Week
The upcoming week is comparatively less loaded with policy events, though the ongoing fiscal cliff negotiations in the US remain one of the key developments to follow. Important is also the FOMC...
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Investor Sentiment: More Issues
Add extreme selling by corporate insiders to last week's list of worries. This "smart money" is selling to a degree last seen February 18, 2011. Following this signal, the SP500 spent the next 6 months...
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Guest Post: Nearing The End of Serfdom’s Road
Submitted by James E. Miller of the Ludwig von Mises Institute of CanadaNearing The End of Serfdom’s RoadIn France, Minister for Energy and Environment Delphine Batho recently proposed a light curfew...
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Foodstamps Soar By Most In 16 Months: Over 1 Million Americans Enter Poverty...
And we thought last month's delayed foodstamp data was bad. The just reported foodstamp number for September was a doozy, with 607,544 new Americans becoming eligible for foodstamps, as a record 47.7...
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Are Equity Yields A Screaming Buy - Or Reversion To Reality?
In many countries around the world the main equity market has a dividend yield above its 10 year bond yield and in many cases its average IG credit yield. Although this isn't the first time that such...
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Presenting The Fund-tastic Four: Ireland, Greece, Spain And... The U.S.
Behold the fund-tastic four: Ireland, Greece, Spain and... the US? These are the four countries that in the past four years have accumulated the greatest deficit as a % of GDP (and yes, at just under...
View ArticleOnly In California: School Owes $1 Billion On $100 Million 'PayDay' Loan
These three letters - C.A.B. - might just be the Dis-Humor story of the day. NPR reports that more than 200 schools across California are coming to the shocking realization that the upfront cash they...
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The Fiscal Cliff... In Context
Some have argued that a fiscal-cliff-impacted US economy would enter a recession as hard as Manny Pacquiao hit the canvas on Saturday night but for most of the nation it seems the fiscal cliff is of...
View ArticleThe US's "EU Style" Negotiations Will Take Us Right Over the Cliff
Ever since the EU Crisis began in earnest in January 2010, EU leaders have maintained the following strategy: Engage in endless meetings/ discussions, none of which resolve anything.Announce that the...
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Guest Post: A Few Thoughts On Gold, Part 1 – Gold As An Investment
Via Pater Tenebrarum of Acting-Man blog,Satyajit Das on GoldWell known market observer and commentator Satyajit Das has written an article on gold which has been published at Naked Capitalism. As is...
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Steve Keen - Lessons On The Fiscal Cliff From The 1930s
The infamous debunker of most-things-classically-economic was recently asked to brief Congress on the fiscal cliff, and how the downturn of 1937 could be a foretaste of what will happen if the Cliff...
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Dare To Balance The Budget? An Interactive Guide To Washington's Biggest...
The CBO has outlined a number of options for balancing the budget (full paper below). From 'Increases In Tax Revenue' to 'Cuts to Annually Appropriated Spending' and 'Cuts to Benefits or Entitlements',...
View ArticleThe Obama-Phone Is Back - But This Time It's Real
While some saw the clip of the lady implying 'victory for Obama means phones for everyone' as perhaps exaggerated out-of-context right-wing propaganda - as that would be preposterous right? - it...
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The Socialist Heart Of France Spits Out Its First Victim
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterA new report released by Insee details the inexorable rise of official poverty in France. By the end of 2010, it engulfed 8.6...
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Tempting Tuesday – Things Begin to Look Up Again
Tempting Tuesday – Things Begin to Look Up AgainBy Phil of Phil's Stock World Now what? Suddenly we're heading back over our 50 dma lines and we've wiped out most of that drop below our Must Hold lines...
View ArticleJimmy Hoffa Warns Of "Civil War" As Michigan Governor Signs "Right-To-Work"...
Minutes before Michigan Governor Snyder signed the 'Right-To-Work' bill into law...MICHIGAN GOVERNOR SNYDER SIGNS BAN ON MANDATORY UNION DUES... Teamsters head Jimmy Hoffa appeared on CNN, as seen in...
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Is This What The Long-Term 'Nominal' Stock Market Bulls Are Banking On?
The Fed is set to become considerably more dovish in 2013 and beyond as Evans and Rosengren become voting members. It seems unlikely that any new 'Bernanke' would drastically alter the Fed's path; and...
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