Archives for May 2013

Amount of Dollar GDP Added For Each Additional Dollar of US Federal Debt

Amount of Dollar GDP Added For Each Additional Dollar of US Federal Debt Courtesy of Jesse's Cafe Americain The line represents each dollar of GDP added for each incremental dollar of Federal Debt. I would suggest that someone look into why the velocity of debt is now running into the law of diminishing returns.  The big slide started with […]

11 Reasons Why Soda Is Terrible For You

It's not just a terrible diet soda-triggered headache you could get. 11 Reasons Why Soda Is Terrible For You Justin Sullivan/Getty Images By Ashley Lutz and Dina Spector, courtesy of Business Insider A recent study showed how drinking too much diet soda for a long period of time can end up hurting your teeth as much as chronic abuse of […]

Flipping Homes Back To 2005 Levels

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. A month ago when we presented RealtyTrac's analysis of 25 markets where flipping homes is most profitable (yes, they really did that) some thought we were joking: after all can people really be that stupid and forget the crushing aftermath of a housing bubble […]

How the Rich Got Richer, Global Comparisons Edition

How the Rich Got Richer, Global Comparisons Edition By Kevin Drum of Mother Jones Dylan Matthews highlights a fascinating little chart today. Roughly speaking, it plots two things for 18 different countries: (a) how much the rich have gotten richer over the past 50 years, and (b) how much tax rates on the rich have […]

Added to Deere

Added to Deere By Paul Price I followed my own advice today. This morning I sold two Deere (DE) Jan. 2014 $90 puts for $8.65 per share in my real-life portfolio. I'll be happy to either simply keep the money for the puts or to buy 200 additional DE shares for net $81.35 each. (I collected […]

S&P Dividend Yield Below 10-Yr Treasury Yield (1.93% vs. 2.19%); Looking for Value?

Courtesy of Mish. In an email note today economist Steen Jakobsen notes the “S&P Dividend Yield is Below the 10-Yr Treasury Yield (1.93% vs. 2.19%)” S&P Dividend Yield click on chart for sharper image Steen asks “Why own stocks at lofty PE of 18 when you can get better yield and a free put option […]

Housing Bubble II: Euphoria And Other Shenanigans

US Housing Bubble II: Euphoria And Other Shenanigans Courtesy of Wolf Richter, www.testosteronepit.com, www.amazon.com/author/wolfrichter The good old days are back. Those days during the last housing bubble when money grew on trees: home prices jumped 10.9% year over year, according to the S&P Case-Shiller 20-city Home Price Index, based on data through March 2013. On a monthly basis, […]

Meet The Casino With A $1.6 Million Minimum Bet

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While China's economy is sputtering and its stock market is lagging the exuberance of the rest of the world's largest centrally-planned economies, it seems life is good for the richest of the rich. In Macau, "the VIP market is gaining momentum," with the industry’s […]

This Is What Real Bubbles Look Like

Courtesy of Chuck Carnevale. With the stock market currently doing so well, numerous articles are popping up playing the bubble card.  Personally, I don’t believe we are anywhere near bubble levels for equities, at least in the general sense.  I do think there are certain stocks that are currently overvalued, but very few that I […]

Cyprus Bank Deposits Plunge By Most Ever During Capital Controls Month

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Following the improvised and very confused bail-in of the Cypriot banking system in mid/late March, one of the key requirements was to contain the liquidity within territorial Cyprus, and prevent the outflows of critical bank funding liabilities – i.e., deposits – abroad thus causing […]

When the IRS Is Finished With the Tea Party, It Needs Some Answers from Jay Sekulow, John Ashcroft, and Pat Robertson

Courtesy of Pam Martens. As we reported yesterday, Jay Sekulow has spent the last two weeks burning shoe leather racing from one network studio to the next to pump up an IRS “scandal.” Now Sekulow has a lot of explaining to do as to why rampant conflicts of interests in his dizzying web of nonprofit […]

Uncle Sam’s Rent-Seeking Economy circa 2013

Courtesy of Larry Doyle. Are we in the midst of the greatest transfer of wealth in modern times? I will allow others to debate the merits of that question, but I propose it in order to address what I see increasingly as the “new normal” reality of our current economic condition here in the United […]

Spain Records Largest First Quarter Deficit in History

Spain Records Largest First Quarter Deficit in History; Tax Revenues Plunge 6.7% Year-Over-Year; Surprising Comments from German Finance Minister Wolfgang Shäuble  Courtesy of Mish. Spain keeps digging a bigger and bigger hole as the latest economic reports show. In spite of massive tax hikes, overall revenue is down 5.3% YoY Tax collections are down 6.7% […]

The Financial Takeover Of “Our” Newspapers

The Financial Takeover Of “Our” Newspapers Courtesy of Testosterone Pit Contributed by Don Quijones, a freelance writer and translator based in Barcelona, Spain. His blog, Raging Bull-Shit, is a modest attempt to challenge some of the wishful thinking and scrub away the lathers of soft soap peddled by our political and business leaders and their loyal mainstream […]

The Absolutely Insane Explosion Of Tesla’s Stock

CHART OF THE DAY: The Absolutely Insane Explosion Of Tesla's Stock Courtesy of Jay Yarow, Business Insider Here's Tesla's stock chart for the last year. It's a pretty mind-blowing jump in price. We're not exactly sure what's driving this pop, but it's had some pretty good news lately, which we've added to the chart.   Yahoo […]

“Awash In Self-Delusional Cornucopianism”

Courtesy of James H. Kunstler via Peak Prosperity For most people, the collapse of civilizations is a subject much more appetizingly viewed in the rear-view mirror than straight ahead down whatever path or roadway we are on. Jared Diamond wrote about the collapse of earlier civilizations to great acclaim and brisk sales, in a nimbus of […]

Hugh Hendry Latest Investments And Outlook

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. From Hugh Hendry, CIO of The Eclectica Fund. The Fund was down 18 bps in April. The main positive contributors were tobacco and Japanese equities and short-end interest rate receivers. These gains were more than offset however by the pullback in the US dollar. […]

Coming Collateral Crisis: Re-Hypothecation To the Point of Exhaustion or Destruction

Coming Collateral Crisis: Re-Hypothecation To the Point of Exhaustion or Destruction Courtesy of Jesse's Cafe Americain If you think that the global banking system has somehow been 'cleaned up' and made more stable since the financial collapse precipitated by the mispricing of Collateralized Debt Obligations and the fraud of the housing bubble you may be mistaken. The […]

Creeping Fascism, Part 3: They Really Are Watching You

Courtesy of John Rubino. It’s becoming easier every day to accept the miraculous as normal: GPS systems that somehow know exactly where you are and give you precise directions in the language of your choice (mine does this in a classy female British accent, though my kids once almost killed us by switching it to […]

Book Supporting Euro Exit Becomes Instant Bestseller in Portugal; AfD Update

Courtesy of Mish. In an interesting development in the battle to see which country is bright enough to exit the euro first, a book urging a return to the Escudo (the prior Portuguese currency) became an instant a bestseller in Portugal. The Wall Street Journal reports Idea of Euro Exit Finds Currency in Portugal. A […]

Ball Corp: Fundamental Stock Research Analysis

Courtesy of www.fastgraphs.com. Before analyzing a company for investment, it’s important to have a perspective on how well the business has performed.  Because at the end of the day, if you are an investor, you are buying the business.  The FAST Graphs™ presented with this article will focus first on the business behind the stock.  […]

Schaeuble Warns Of “Revolution” If Welfare Model Threatened

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Over the weekend, when discussing the latest casualty of Bernanke's disastrous monetary policy, the US corporate pension plan, we touched on a topic that has been a recurring theme on these pages: "the start of the unwind of the welfare myth, if only in […]

Jay Sekulow: The Man Pumping the IRS Scandal on Network TV Sits At the Center of a Web of Nonprofits That Have Paid Him, His Family and Related Businesses $40 Million Since 1998

Courtesy of Pam Martens. Judy Woodruff, Anchor on PBS NewsHour, Lets Jay Sekulow Explain the IRS Scandal Jay Sekulow will never be accused of a lack of audacity. The man who has orchestrated and pumped the “scandal” that the IRS was unfairly targeting nonprofits tied to the Tea Party, is the same man who filed […]

IRS’ Doug Shulman: We No Longer Chase Bad Guys

Courtesy of Larry Doyle. Have you ever read a passage or a line from a speech and thought, “He didn’t actually say that, did he?” I had just that experience this morning in reading a delivery made by Douglas Shulman. Who is Mr. Shulman? The former commissioner of the Internal Revenue Service during the time […]