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It Is Five Time More Difficult To Get An Attendant Job At Delta Airlines Than...
There is a reason why the monthly BLS JOLTS jobs supply/demand survey - which supposedly shows an "improving" labor picture because more people are willingly leaving their (temporary) jobs, and there...
View ArticleO Little Tail Of Downside Risk
Continuing our romp through the world of financially-revised, centrally-planned Christmas carol cheer, here is Citi's Matt King with his remix of O Little Town Of Bethlehem.O little tail of downside...
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2012 Year In Review - Free Markets, Rule of Law, And Other Urban Legends
Submitted by Dave Collum via Peak Prosperity,BackgroundI was just trying to figure it all out.~ Michael Burry, hedge fund managerEvery December, I write a Year in Review that has now found a home at...
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SAC Loses Anchor Investor As Noose Tightens Some More
First it was Citi, then SocGen, now a third key investor has decided to pull their money from SAC - the once vaunted hedge fund which now everyone is now avoiding like the plague, and for which the...
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Gun-Control Today; Fat-Control Tomorrow?
Leaving the highly sensitive topic of "gun-control" aside for the time being, one can't help but wonder if it isn't time that the US government, seemingly hell-bent on regulating virtually everything...
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Cold Wind
Cold wind blowing today in the North East, fitting for the first day of winter. The whole country is having a bit of a cold spell. Even the poor folks in Palm Beach might see a frost (raises hell with...
View ArticleHow The Fiscal Cliff Talks Collapsed
The collapse of the Fiscal Cliff talks should come as no surprise to anyone (except, of course, for all those "expert" political commentators virtually all of whom saw a deal by December 31: a full...
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The 10-Step Plan To End The Era Of Ponzi Finance
The developed world’s Ponzi scheme is caused by record-high levels of public and private debt. As Boston Consulting Group notes, it is exacerbated by huge unfunded liabilities that will be impossible...
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Investor Sentiment: This is For Certain
In a span of 4 weeks, investors (as represented by the "dumb money" indicator) have gone from a state of despair to one of euphoria. In over 20 years of data, this is the shortest time it has ever...
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Notable Weekend Developments
Yes, it is the holiday season. Yes, you are unlikely to be taking action with your investments. Yes, the morphing of what is into what will be continues uninterrupted. There were several...
View ArticleCassandra (Marc Faber) Versus Pollyanna (CNBC)
A Cassandra is a hopelessly honest person, while a Pollyanna is an incredibly hopeful person, the incurable optimist. Cassandras are often disparaged as "nattering nabobs of negativism/negativity,"...
View Article“Trench Warfare” And “Civil War” Over Confiscatory Taxes In France
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter“We’re engaging in trench warfare,” proclaimed Alain Afflelou, head honcho and founder of an eyewear company with 1,200 stores...
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Visualizing The Keynesian Endpoint
We recently posted Kyle Bass’s keynote speech at the Americatalyst 2012 conference. One of the main threads running through his thesis is the “Keynesian Endpoint”; covering debt super-cycles, the...
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Equity Futures At Friday's Lows
It seems a few humans have read a little this weekend and sold into the algo-induced euphoria from Friday's close. S&P 500 futures are down around 9 points - at the lows from Friday's day-session....
View ArticleGuest Post: 2012: Calm Before The Storm
Submitted by Gordon T. Long of GordonTLong.com,We have a new era dawning in Global Monetary policy. It is a new day with the monetary skies already red. Within 90 days the captains of monetary policy...
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The 'Fiscal Cliff' Through the Eyes of Cartoonists
Presented with little comment. So that's what the Mayas had in mind... No more delays! When in doubt, repeal gravity... Almost there! The steering wheel is in capable hands... Not to worry, it's not...
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A SuBPRiMe CHRiSTMaS CaRoL (2012)
A SuBPRiMe CHRiSTMaS CaRoL(PaRT I) E-Bernank Scrooge lived all alone in an old house. The yard was very dark and scary that night and when Scrooge wanted to unlock the door, he had the feeling...
View ArticleDoes Libor Manipulation Deserve The Death Penalty?
Bloomberg's William Cohan released a provocative piece last night, headlined by the even more provocative "UBS Libor Manipulation Deserves the Death Penalty." We can only assume that Cohan is being...
View ArticleRon Paul: Government Security Is Just Another Kind Of Violence
From Ron PaulGovernment Security Is Just Another Kind Of ViolenceThe senseless and horrific killings last week in Newtown, Connecticut reminded us that a determined individual or group of individuals...
View ArticleIt’s Not a “Fiscal Cliff” … It’s the Descent Into Lawlessness
The “fiscal cliff” is a myth.Instead, what we are facing is a descent into lawlessness.Wikipedia notes:In many situations, austerity programs are imposed on countries that were previously under...
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