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Europe's Last Green Shoot Is Wilting
Germany, it seems, has had enough with its taxpayers implicitly bearing the burden of the rest of Europe's profligacy as the final solution chosen for Cyprus clearly shows (especially in light of...
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Cleanest Dirty Shirt Or Just The "Most Hopeful"?
We have shown the endless hockey-stick-like charts of hope that are the coming margin expansion, dramatic earnings growth, and revenue increases(all juxtaposed against the reality of a labor-destroying...
View ArticleNon-Farm Payroll Preview
From RanSquawkMarch US Non-Farm PayrollsUS Change in Nonfarm Payrolls (Mar) M/M Exp. 190K (Range: low 100K, high 366K) (Feb 236K, Jan 119K)US Unemployment Rate (Mar) M/M Exp. 7.7% (Range: low 7.6%,...
View ArticleThe Great Global Tax Grab is Already Underway
The world will soon be facing a tsunami of defaults on bad debts. This will include municipal or local government defaults such as the one now occurring in Stockton California, governments...
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The Entire Economy Is a Ponzi Scheme
Bill Gross, Nouriel Roubini, Laurence Kotlikoff, Steve Keen, Michel Chossudovsky, the Wall Street Journal and many others say that our entire economy is a Ponzi scheme. Former Reagan budget director...
View ArticleFrontrunning: April 15
Venezuela Says Chávez Successor Wins Vote (WSJ)China growth risks in focus as first quarter data falls short (Reuters)Japan Gets Calls From U.S. to Europe Not to Drive Down Yen (BBG)EU Set to Clash on...
View ArticleOvernight Sentiment: Gold Rout Halted For Now
Yes, there was economic news overnight, such as a Eurozone and UK CPI, both of which came in line with expectations (1.7% and 0.4% respectively), and a German ZEW which confirmed Europe's accelerating...
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Guest Post: This Gold Slam Is A Massive Wealth Transfer From Our Pockets To...
Submitted by Chris Martenson of Peak Prosperity,I am very disappointed by, but not surprised at, the latest transfer of weath to the bankers from everyone else. The most recent gold bear raid has...
View ArticleFrontrunning: April 17
Boston bomb probe looking at pressure cooker, backpacks (Reuters), Boston Bomb Clues Surface (WSJ) Forensic Investigators Discover Clues to Boston Bombing (BBG)China local authority debt ‘out of...
View ArticleDaily US Opening News And Market Re-Cap: April 23
From RanSquawk:Chinese HSBC Flash Manufacturing PMI (Apr) M/M 50.5 vs. Exp. 51.5 (Prev. 51.6) - HSBC's chief China economist Qu Honqbin said new export orders contracted, suggesting external demand for...
View ArticleOvernight Summary, In Which We Read That The German ZEW Miss Is Blamed On...
It is one thing for the market to no longer pay attention to economic fundamentals or newsflow (with the exception of newsflow generated by fake tweets of course), but when the mainstream media turns...
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Visualizing The Dead-Weight On The Global Economic Recovery
Youth unemployment has become a worrying phenomenon with 74.6 million young people unemployed globally in 2012. Rising youth unemployment has a detrimental effect on economic growth, political and...
View ArticleEven Billionaires Do Dumb Deals
In some ways, debt has never looked so good. This may sound strange given over-indebtedness arguably led to the financial crisis and continues to impede economic growth in the developed world, despite...
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When Goldman Is OK With "Sharing" Trade Secrets
When it is on the receiving end of course.Several days ago we reported that Goldman's various judicial pawns would not rest for a minute until they made the life of the original "HFT code stealer"...
View ArticleFrontrunning: May 8
Pentagon Plans for the Worst in Syria (WSJ)Russia and US agree to Syria conference after Moscow talks (FT)Hedge Funds Rush Into Debt Trading With $108 Billion (BBG)Detroit is the new "deep value" -...
View ArticleSouth Korea Joins Global Currency War, Cuts Rates In Response To Abenomics
Kenya, Australia, Poland and now South Korea. The country, whose net exports represent nearly 60% of GDP, and which have been deeply impacted by the recent collapse in the Yen, finally threw in the...
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Abenomics Brings Currency Wars to G7 Talks
Today’s AM fix was USD 1,449.25, EUR 1,114.12 and GBP 941.62 per ounce. Yesterday’s AM fix was USD 1,469.50, EUR 1,118.68 and GBP 944.59 per ounce. Cross Currency Table – (Bloomberg)Gold fell $16.40...
View Article2007 Deja Vu As Bond Issuers Game Rating Agencies Once Again
With home prices rising at near-record paces in SoCal, corporate debt yields at record-lows, equity markets surging at near-record rates, and high quality assets dwindling by the minute under the heel...
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It’s Official: Gold Is Now The Most Hated Asset Class
Submitted by Pater Tenebrarum of Acting-Man blog,Full Court PressNot a day passes without the financial media denouncing gold as an investment option and hailing the bureaucrats heading the world's...
View ArticleFrontrunning: May 21
IMF Tells Central Europe to Spend More (WSJ)Tornadoes Blast Oklahoma (WSJ)Frenetic search for survivors as 91 feared dead in tornado-hit Oklahoma (Reuters)JPMorgan investors on edge over vote on Dimon;...
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