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Guest Post: The US Debt Crisis - How High Will It Go?
Authored by Chris Ferreira, originally posted at Economic Reason blog,The implications of the US debt crisis are not well understood in most circles, and it is not widely spoken about in the media and...
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THe TRiLLioN DoLLaR TuNa IDea...
BANZAI7 NEWS---Irashaimasen!This is really thrilling for PhD morons, fiscal deadbeats, connoisseurs of fine sashimi and tuna noodle casseroles .An arcane idea that started on sushi chef blogs in the...
View ArticleWhat Is "Dysfunctional" Here?
From Bill Buckler, author of The PrivatterWhat Is "Dysfunctional" Here?In the eyes of those who run financial markets - not just in the US but all over the world - a “dysfunctional” government is one...
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Russian Ships Park Off Syrian Coast As NATO Deploys Patriot Missiles In Turkey
Several hours ago, Syrian president delivered his first public speech in months, addressing the internal military conflict that has gripped his country, and whose key excerpts can be found here. In it...
View Article4th Quarter Earnings Will be an Unmitigated Disaster
By EconMatters Stocks setup for fallIt is ironic that stocks are at five years highs going into what is probably going to be the biggest disappointment of an earning`s season since the 2008 financial...
View ArticleOn The Dole And Watching The Pole: The New Normal EBT-Card User
Welfare recipients took out cash at bars, liquor stores, X-rated video shops, hookah parlors and even strip club - where they presumably spent their taxpayer money on lap dances rather than diapers, a...
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Abenomics: Japan's Thermidor
The ascent of the Democratic Party of Japan marked the end of Japan's one-party state, dominated by the Liberal Democratic Party since the 1955. However, the DPJ was unable to address the challenges...
View ArticleGuest Post: Fixing The Problem Isn't Difficult
Via Monty Pelerin's World blog,The following was received via email. Supposedly it appeared in the Waco Tribune. We don’t know the author, but we assume those interested could look her up. Since the...
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In Case There Was Any Confusion Just Who The Fed Works For...
Today, to little fanfare, the Fed announced a major binding settlement with the banks over robosigning and fraudclosure, which benefited the large banks, impaired the small ones (which is great: room...
View ArticleCliff Asness: "Nobody, Left Or Right, Really Thinks The Math Works, No Matter...
Originally posted at The American,We Are the 98 PercentThe only way to finance a big European-style state is to have it paid for by massive taxation of everyone, mostly the middle class. Right now, we...
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The Ten Charts Ignored By Bulls
In addition to our recent discussion of the macro-economic data in the US rolling over, and the epic proportions of net risk-taking longs, Credit Suisse outlines ten further indications that equities...
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Equities Stumble As VIX Term Structure Keeps Steepening
S&P 500 futures (ES) ended practically unchanged (though cash was down ~5pts) on relatively weak volume but decent average trade size - thanks in large part to the entirely ubiquitous rampathon...
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Dear Steve Liesman: Here Is How The US Financial System Really Works
Earlier today, Bill Frezza of the Competitive Enterprise Institute and CNBC's Steve Liesman got into a heated exchange over a recent Frezza article, based on some of the key points we made in a prior...
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Guest Post: Inflation Since The American Revolution
Via Michael Krieger of Liberty Blitzkrieg blog,As is clear by this chart, inflation was virtually unheard of until the Creature from Jekyll Island (the Federal Reserve) took over. However, more...
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The Three Key Charts Before The Launch Of Earnings Season
A total of 22 companies, 4% of the S&P 500 market cap, have reported 4Q12 results. Of these, 64% have topped revenue estimates and 68% topped earnings estimates (considerably lower than average)....
View ArticleGreek Banks To Merkel: "Please Ma'am, Can We Have Some Moar", Or Here Comes...
As loathed as we are to say "we told you so,"but we did and sure enough eKathimerini is reporting this evening that: thanks to the 'voluntary' haircuts the Greek banks were force-fed via the latest...
View ArticleMeet Jack Lew: Tim Geithner's Replacement
Bloomberg is out after hours with news that was expected by many, but which was yet to be formalized, until now: namely that following today's flurry of contntious nomination by Obama, the latest and...
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Guest Post: Is American Justice Dead?
Submitted by David Galland, via Casey Research,Every nation-state has a body of laws woven into the fabric of society. As Peruvian economist Hernando de Soto has commented on extensively, the stronger...
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Will Rate Decisions Rattle Markets?
Will Rate Decisions Rattle Markets? Justin Burkhardt | FXFocus.com #444444; line-height: 1.5; margin-bottom: 24px;">A zero sum game. That's where the central planning has taken us. Rate decisions...
View ArticleTake “The No Facebook, No SmartPhone Challenge” & Don't Fear the Tiny Dot
Someone commented on my last article that no one was going to read the whole article because it was too long and that I needed to present my points visually instead. While I respectfully disagree with...
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