Archives for September 2012

NY's Ultraluxury Office Vacancy Rate Jumps To Two Year High

Courtesy of ZeroHedge. View original post: New York’s Ultraluxury Office Vacancy Rate Jumps To Two Year High As Financial Firms Brace For Impact. Submitted by Tyler Durden. Traditionally, when it comes to reading behind the manipulated media’s tea leaf rhetoric and timing major inflection points in the economy, the most accurate predictor are financial firms, whose […]

China New Export New Orders Decline At Fastest Pace in 42 Months; China’s Precarious Rebalancing Act

Courtesy of Mish. HSBC China Manufacturing PMI™ shows Output falls at fastest pace since March. Key points New export orders fall at fastest rate in 42 months Output and input prices continue to fall Purchasing activity declines amid weak demand and lower production requirements Data in September signalled a stronger decline in Chinese manufacturing output, […]

China New Export New Orders Decline At Fastest Pace in 42 Months; China's Precarious Rebalancing Act

Courtesy of Mish. HSBC China Manufacturing PMI™ shows Output falls at fastest pace since March. Key points New export orders fall at fastest rate in 42 months Output and input prices continue to fall Purchasing activity declines amid weak demand and lower production requirements Data in September signalled a stronger decline in Chinese manufacturing output, […]

A Few Remarks on Elections

Courtesy of Pater Tenenbrarum of Acting-Man A Few Remarks On Elections There Is No Choice We have previously pointed out that there is actually no choice at all for the US electorate at the upcoming presidential election. This is because in terms of the policies they support, it is nigh impossible to differentiate between the two […]

The Media Is “The Enemy of the American People”

Courtesy of Larry Doyle. Having written about the importance of truth, transparency, and integrity in relentless fashion since the launching of this blog almost 4 years ago, I will not ask for forgiveness or beg indulgence while running the video below. This commentary is not political. It is far more important than that. If you […]

Japan PMI: Output and New Orders Contract Further

Courtesy of Mish. The global economy continues to weaken most everywhere you look. The focus of this post is Japan where the Markit/JMMA Japan Manufacturing PMI™ shows Modest deterioration in operating conditions recorded in September. Key points: Output and new orders both down again, albeit at slower rates Weaker underlying demand and strong yen impact […]

By 2015 hard commodity prices will have collapsed

By 2015 hard commodity prices will have collapsed Courtesy of Michael Pettis of China Financial Markets For the past two years, as regular readers know, I have been bearish on hard commodities. Prices may have dropped substantially from their peaks during this time, but I don’t think the bear market is over. I think we still […]

France Piles €20 Billion in Tax Hikes on Businesses and Wealthy

Courtesy of Mish. It’s now official. The top tax rate in France is now 75% for those who make over a million euros. Moreover, there is a new band of 45% for those who make over 150,000 euros. Don’t forget the existing VAT on all purchases. Europe is imploding and instead of fixing onerous work […]

When big money chases rentals

Courtesy of ZeroHedge. View original post here. Submitted by drhousingbubble. Another interesting trend courtesy of the low interest rate environment created by the Federal Reserve is the feverish chase for yield. In a previous article we discussed that a large part of the higher rental prices were coming from a segment that had lost their […]

Sheila Bair’s Book Gores Citigroup’s Bull

Courtesy of Pam Martens. U.S. Treasury Secretary Tim Geithner is now three for three in the book world: the quintessential poster boy for regulatory capture who ended up as Citigroup’s bitch.  In Ron Suskind’s  Confidence Men, Geithner ignores a directive from the President of the United States to wind down Citigroup.  In Neil Barofsky’s Bailout, […]

Cue Stagflationary Recession

Courtesy of ZeroHedge. View original post: Cue Stagflationary Recession: Chicago PMI Huge Sub-50 Miss, Back To September 2009 Levels; Prices Paid Spikes. Submitted by Tyler Durden. QE1, QE2, Operation Twist 1, Operation Twist 2, a Fed balance sheet that is now expected to be $5 trillion in 2 years, and all we get is a lousy […]

Caddell: Lack of Truth is “Fundamental Threat to Democracy”

Courtesy of Larry Doyle. Gut check. Those who have played competitive sports know there comes a point in time during the game when one needs to dig ever deeper for the intestinal will and fortitude to press on in pursuit of victory. As a nation, I firmly believe we are at that very point. Will […]

Can the Fed Fight Droids and Win?

Can the Fed Fight Droids and Win? Apple’s SIRI, Driverless Trucks, What’s Next? Riveting Video: Are Droids Taking Our Jobs? Courtesy of Mish. Today, as single farmer can produce as much goods a 100 farmers a half-century or less ago. That freed up labor for manufacturing and the service economy. However, droids are now replacing […]

In 2005 Raghuram Rajan Told Bernanke, Geithner, Summers, and Greenspan that We Were Headed for Economic Crisis

Courtesy of Jaime Falcon. I am re-watching Charles Ferguson’s Inside Job. It is a fantastic movie, but it is so frustrating to see our failed leaders being rewarded for their incompetence, obstructionism, and failure. In 2005, Raghuram Rajan, who was then Chief Economist at the IMF, delivered a paper to the central bankers of the […]

Two No-Brainer Ways To Play Rising Food Prices

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Submitted by Simon Black of Sovereign Man blog, Last summer, two researchers from the New England Complex Systems Institute published a short paper examining the correlation between rising food prices and civil unrest. It was a timely analysis, to say the least. A number […]

California Hit Parade Rolls On: Atwater Scrambles to Avoid bankruptcy

Courtesy of Mish. The California hit parade keeps on rolling as yet Another California city scrambles to avoid bankruptcy. Atwater, a city of roughly 28,000 in California’s Central Valley, may declare a fiscal emergency as soon as next week, but it is trying to avoid becoming the fourth California city to file for municipal bankruptcy […]

How Crony Capitalism (Or The ‘Undiluted Lunacy’ Of The Fed) Corrupts The Free Markets

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. "This is the final abomination" is how David Stockman begins his epic rant on the Federal Reserve and crony capitalism in this clip. The "undiluted lunacy" of their actions prompted him to address the Fed's decision to "print ourselves to death" by saying "this […]

How Crony Capitalism (Or The 'Undiluted Lunacy' Of The Fed) Corrupts The Free Markets

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. "This is the final abomination" is how David Stockman begins his epic rant on the Federal Reserve and crony capitalism in this clip. The "undiluted lunacy" of their actions prompted him to address the Fed's decision to "print ourselves to death" by saying "this […]

Greece, Tell Brussels “To Take A Hike” And Let The Troika Bail Out The ECB Instead

Courtesy of ZeroHedge. View original post here. Submitted by testosteronepit. Wolf Richter   www.testosteronepit.com Awful as Greece’s GDP has been, it doesn’t do justice to the economic fiasco. Take new vehicle registrations: in August, they plunged 46.7% from prior year. Only 3,886 new vehicles were sold. A collapse of 80% from August 2008 at the cusp […]

How The Fed Crushed China’s Ability To Join The Ease-Fest

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It will not come as a surprise to anyone who has spent any time reading Zero Hedge (here, here, and here very recently) but now yet another one of our 'crazy fringe blog' non-consensus ideas – the fact that China is cornered by inflation […]

How The Fed Crushed China's Ability To Join The Ease-Fest

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It will not come as a surprise to anyone who has spent any time reading Zero Hedge (here, here, and here very recently) but now yet another one of our 'crazy fringe blog' non-consensus ideas – the fact that China is cornered by inflation […]

There's Only One Way Forward For Europe, And This Isn’t It

Courtesy of The Automatic Earth. Dorothea Lange "Mississippi Delta. Negro woman carrying her shoes home from church." July 1936 As Groucho once put it: "I've had a perfectly wonderful evening, but this wasn't it." Vaclav Klaus is perhaps the only man out there I've seen so far who says the right things. Well, other than […]

The Greatest Growth Sector in the World

The Greatest Growth Sector in the World Courtesy of Casey Research, with Alex Daley Genome sequencing has gone from a cost of $3 billion to $10,000 – within just nine years, says Alex Daley, Chief Technology Investment Strategist at Casey Research. And that's only one example of how fast new technologies are now being implemented and […]

Real Per Capita “Core” Durable Goods Orders

Courtesy of Mish. Courtesy of Doug Short, here is an excellent pair of charts on Real Per Capita “Core” Durable Goods Orders Core Durable Goods click on either chart for sharper image Core Durable Goods Percent Decline From Peak Doug Short does excellent work. Click on the top link to see additional charts. I have […]