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"Better Off On Benefits"
There is "no point" earning less in a minimum wage job is how Leanna Broderick - 20-year-old mother of two - justifies the benefits she claims adding that "she is better off on benefits" and would not...
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Have We Seen The Peak Of Employment?
Authored by Lance Roberts of StreetTalkLive,In my November 5th report on employment I stated: "...when taking into account the recent slate of economic weakness, post-election we are likely to see many...
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North Korea Launches Missile Towards Japan - Passes Over Okinawa
Now that is a rattling sabre. While markets for now are seemingly shrugging off this 'fly-by', we suspect the people of Okinawa were more than a little surprised:NORTH KOREA LAUNCHED ROCKET AT 9:51 AM...
View ArticleHong Kong Fed's Epiphany: Is Bernanke Wrong About Everything?
It seems not every nation's head of central banking believes in the Bernanke Doctrine of moar QE is better QE... Hong Kong Monetary Authority Chief Executive Norman Chan said Monday that quantitative...
View ArticleSmall Business Apocalypse Or Political Vendetta?
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe National Federation of Independent Business tried to shock the world with its report that small-business owner optimism...
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HSBC: YouR MoNeY OR YouR LauNDRY...
How to run a criminal banking enterprise: STEP1: Make sure you are Too Big To Fail, STEP 2: Be prepared to write huge checks with your shareholder’s money, STEP 3: HIRE FORMER FEDS TO HIGH PROFILE...
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Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming Back
Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming BackCourtesy of Michael Snyder, The Economic Collapse Did you see the huge crowds of protesters that flooded the Michigan...
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Japan's Hope-Based Rally, And Election-Triggered Reality
The strength of the Japanese stock market over the past few weeks has been at once heralded as anticipation of Abe's policies and the renaissance of this island nation's faltering reality. However, as...
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And That's Checkmate Bernanke
Today the US Federal Reserve announced that it would be implementing QE 4: a policy of spending $45 billion per month buying Treasuries on the long-end of the yield curve until employment falls to...
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There's A Problem With Kicking The Can Down The Road
Submitted by John Aziz of Azizonomics blog,There’s a problem with kicking the can down the road Ben Bernanke, (December 12 2012) I’ve taken this quote out of context — Bernanke was actually talking...
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Does The Fed Think The S&P 500 Will Be At 750 In Jan 2015
At the current pace of 'improvement' in the unemployment rate, it appears the Fed will cease its 'stimulation' in early 2015 - and based on the empirical relationship between unemployment rates and the...
View ArticleGold - It's Time
Authored by Lee Quaintance and Paul Brodsky of QBAMCO,Gold bugs can’t understand how the public can be so unaware, how highly intelligent policy makers can be so immoral, and how the mainstream media...
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Are Equities A Good Inflation Hedge?
While many believe that with the output gap so wide that inflation is not an immediate threat, longer-term, as UBS notes, excessive money printing could indeed generate inflation and that inflation...
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CBO Releases Sandy Damage Estimate: At $60.4 Billion, It Would Send US Over...
At the end of October, as the Tristate Area was being flooded by Hurricane Sandy, one after another Wall Street firm tried to position Sandy virtually as a non-event, with total damage "forecasts" by...
View ArticleEU Leaders Praise ECB Supervision Agreement, Market Shrugs
Rightly so, the FX and equity futures markets are almost entirely ambivalent at the farce that at 430am in Brussels, the EU leaders announce a compromise agreement on ECB banking supervision:*BARNIER...
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First Hong Kong, Now Aussie Central Bank Gets Ugly Case Of Truthiness
It seems the AsiaPac central bankers did not get the 'shut up and print' memo as today during another speech, an Australian central banker followed Hong Kong's lead and pronounced quantitative easing...
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Margin Debt Continues To Climb
The NYSE released October margin debt data and to nobody's surprise total margin debt rests at $317 billion, the highest since April 2011 ($320 billion), leaving inquiring minds to ask just how much...
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The 12 Charts Of Christmas
After the success of the 'scariest charts for equity bulls', the following 12 charts are the most important, in CitiFX's view, to establish a 'starting point' for views on markets as we head into 2013....
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The Gulag Ameripelago: US Incarceration Surpasses Russia's
Remember when Americans used to mock Russia (f/k/a the USSR) for being one big Gulag prison colony? Those were the good days. One thing is sure: they no longer "hate us for our freedom." On the other...
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Going Geriatricidal
Naked Capitalism featured a piece today by Matt Stoller (Link). The not so surprising conclusion by Matt was that moving the age for Medicare availability from 65 to 67 will actually cost some lives....
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