Archives for February 2014

World Money Analyst Update on Europe

Outside the Box: World Money Analyst Update on Europe By John Mauldin For the last two weeks on Thursdays we have brought you special editions of Outside the Box featuring World Money Analyst Managing Editor Kevin Brekke’s interviews with WMA contributing editors. We heard from Ankur Shah on emerging markets and Alexei Medved on Russia, […]

New Spy Technology To Spawn Oil Revolution

Courtesy of James Burgess of OilPrice.com New Spy Technology to Spawn Oil Revolution The future of oil exploration lies in new technology–from massive data-processing supercomputers to 4D seismic to early-phase airborne spy technology that can pinpoint prospective reservoirs. Oil and gas is getting bigger, deeper, faster and more efficient, with new technology chipping away at “peak […]

Stocks Close At New Record High On Russian Invasion, GDP Decline And Pending Home Sales Miss

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. With the Ukraine now openly appealing to the world to halt what in its own words is a Russian invasion, it only made sense that after the bigger than expected downward revision to Q4 GDP, and the miss in Pending Home Sales, that the […]

Stiglitz: Leaving the Euro Painful but Staying in More Painful; Eurozone Breakup Recap

Courtesy of Mish. Nobel prize winning economist Joseph E. Stiglitz has come to the right conclusion Leaving the Euro Painful but Staying in More Painful. Partial Transcript Question: I want to probe you a bit on that small mistake of the euro. UYou seem to suggest there is nothing that cannot be solved with more […]

Howard Marks: “In The End, The Devil Always Wins”

Courtesy of ZeroHedge. View original post here. In the follwoing interview with Swiss Finanz und Wirtschaft, Howard Marks, chairman of the U.S. investment firm Oaktree Capital, sees more room to run for stocks. But at the same time he warns that from now on, a higher level of caution is appropriate. The bulk of the […]

Why the Periphery Is Crumbling: The Spoils System Is Cracking

Why the Periphery Is Crumbling: The Spoils System Is Cracking Courtesy of Charles Hugh Smith of Of Two Minds Instability starts on the periphery and moves into the core. While it is clear that the instability in periphery nations is arising from dynamics unique to each nation, there is one unifying causal factor: the spoils […]

Ukraine Limits Withdrawals to 15,000 Hryvnia per Day (about $1,500); Hryvnia Up 14%

Courtesy of Mish. Hoping to halt or slow capital flight and stop the run on banks, the Ukraine central bank limited foreign currency withdrawals to 15,000 Hryvnia per day as noted by FxStreet earlier today. Hryvnia vs. US Dollar Taking into account today’s 14% rise, 15,000 Hryvnia is about $1,556.   Capital controls and/or other […]

Welcome to the Currency War, Part 12: Bankrupt Rome and Soaring Euro-Bonds

Courtesy of John Rubino. Only in a world totally corrupted by easy money could the following two things be announced on the same day. First: European Bonds Surge as ECB Stimulus Confines Crisis to MemoryYields on the euro area’s government bonds have never been lower as the potential for extended European Central Bank stimulus helps […]

Fukushima Cover Up: A Play in Two Acts

Courtesy of George Washington's Blog Act 1:  Japanese Prime Minister Had to Fly In to Fukushima In the Middle of the Night to Get the Scoop from Low-Level Nuclear Workers … Because Tepco Wouldn’t Tell Him the Truth In this 27-second video, Amy Goodman summarizes her interview with Japanese Prime Minister Naoto Kan: We just came […]

Ukraine Imposes Capital Controls, Limits Foreign Currency Withdrawals

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Yesterday we reported that as part of the Ukrainian central bank's plan to bailout the nation's largely insolvent private banks, it would provide any needed funding but only "if they will remain under open control of the National Bank of Ukraine." And since the […]

PBS Frontline: Secrets of The Vatican

Courtesy of Larry Doyle. I could not possibly recommend more strongly the viewing of this recently released documentary on PBS Frontline. The issues addressed are almost too numerous to properly categorize, but at the core is scandal and corruption at the highest level of the Catholic Church. I will pray for Pope Francis that he […]

Troubling Increase in Initial Unemployment Claims A Bad Omen For Stock Prices

Courtesy of Lee Adler of the Wall Street Examiner For the first time in 2014, initial unemployment claims were higher than the same week a year ago. The difference was slight, but just the fact that they were not lower than last year is troubling because it suggests that the improving trend may be losing […]

Eurozone in Deflation; Monetarist Mouthpieces Will Scream

Courtesy of Mish. Forget all the talk about CPI or as they call it in Europe HIPC (harmonized index of consumer prices) floating just under 1%. The true measure of inflation is credit expansion. And for the second month, credit contracted in the Eurozone. Reuters reports Euro zone lending contraction compounds ECB headache. Lending to […]

Facebook and Tesla Are Winning Wall Street Because They Make the Biggest Bets

Facebook and Tesla Are Winning Wall Street Because They Make the Biggest Bets By MARCUS WOHLSEN at WIRED This week, shares in Google, Facebook, and Tesla reached an all-time high on Wall Street, helping push the NASDAQ to its tallest peak since the dot-com crash 14 years ago. These three tech outfits are very different operations, but […]

Inside Ukraine: Mish Reader Who Speaks Ukrainian and Russian Challenges Western Media View of Events

Courtesy of Mish. I received an interesting email regarding Ukraine from reader Jacob Dreizin, a US citizen who speaks both Russian and Ukrainian. Jacob comments on media bias and offers the “full scoop” on Ukraine. First, let’s take a look at events that happened earlier today. Pro-Russia Gunman Seize Crimea Parliament Bloomberg reports Gunmen Seize […]

Everything is Awesome!

Didn't you know? Everything is Awesome! Courtesy of Joshua M Brown, The Reformed Broker  You know what the twentysomethings in Manhattan are into these days? Drunk Brunch. True story. They go out on Saturday night to pre-game for the next morning, wake up half-drunk then start banging vodka drinks at 10 am while a DJ blasts […]

Video: Russian TV on Bankers’ Stressful Lives

Russian TV on Bankers’ Stressful Lives By The Banker  I did an interview recently for RT London, which I gather is sort of Putin’s version of a Russian CNN or Qatar’s Al Jazeera. Just more sensational. They wanted to cover what they call a recent string of high-profile banker suicides.  I have zero reason to […]

The ECB receives another disinflationary warning

The ECB receives another disinflationary warning Courtesy of SoberLook.com   The ECB received another warning today: the German CPI rate came in below expectations. The disinflationary pressures are no longer just about the Eurozone periphery.   Source: Investing.com   Moreover, the euro area private loan balances continue to contract and the broad money supply growth remains […]

Weekly Unemployment Claims “Unexpectedly” Rise; Claims in Recession Pattern?

Courtesy of Mish. Weekly unemployment initial claims unexpectedly rose to 348,000 this week. The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but the underlying trend suggested no shift in labor market conditions. Initial claims for state unemployment benefits increased 14,000 to a seasonally adjusted 348,000, the Labor Department said […]

Tesla Plans To Build World’s Biggest Battery Factory

Tesla Plans To Build World’s Biggest Battery Factory By Joao Peixe of OilPrice.com Tesla is set to announce a plan this week to build the world’s largest battery factory. The plan will include the involvement of Panasonic and other partners, and it will be so big that Tesla’s CEO Elon Musk is calling it a “gigafactory.” […]

If You Missed It, Uranium Is Back

If You Missed It, Uranium Is Back By Dave Forest of OilPrice.com   We got one of the biggest rallies in years for uranium stocks yesterday. Producers like Cameco jumped over 8% on the day. Spurred by news that Japan is officially sticking with nuclear as part of its energy mix. The Japanese government released a […]

The Ty Cobb Approach to Retirement Investing

The Ty Cobb Approach to Retirement Investing By Dennis Miller When baseball fans talk about players from the early 1900s, Babe Ruth is normally the first person mentioned. He was a great home-run hitter with 714 career home runs, a record that stood for almost 40 years. Only two men have surpassed it. Ruth struck […]

Are Drone, Workerless Ocean Freight Ships Coming? What About Jobs? Insurance? Inflation?

Courtesy of Mish. Here is the question of the day: Are drone, workerless ocean freight transport ships coming? If shippers can pull it off, the cost saving would be immense. But what about the job losses? Insurance? Inflation? Let’s explore the questions with a look at the Bloomberg article Rolls-Royce Drone Ships Challenge $375 Billion […]

Obamacare: Now Appearing On Your Restaurant Bill

Obamacare: Now Appearing On Your Restaurant Bill Courtesy of ZeroHedge. View original post here. That the bulk of Americans (especially those 4+ million whose insurance policies have recently been cancelled as a result of the ACA) have to pay more for healthcare as a result of Obamacare, is now largely accepted and well-known. But did […]