Archives for February 2014

What is Really in HP Acthar Gel?

What is Really in HP Acthar Gel? Courtesy of Citron Reports  Stock Chart   Gadgets powered by Google Questcor (NASDAQ:QCOR) has been a battleground stock for years.  Bulls have stood by the strong financial performance of the company, while bears have been clinging to the threat of multiple government investigations and lack of clinical data for this “magical” $30,000 […]

Bitcoins, Murder-for-Hire, 28-Year Old Pie Makers: Welcome to the New World of Banking

Courtesy of Pam Martens. Cameron (left) and Tyler Winklevoss Testifying at a Virtual Currency Hearing on January 28, 2014 Mark Karpeles, a 28-year old Frenchman and the head of the now shuttered Bitcoin web site Mt. Gox, where customers are said to have lost hundreds of millions of dollars, may be a very talented software […]

Meanwhile, More Russian Military Vehicles Amass in the Crimean

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. While the IMF is promising a massive bailout to the Ukraine, and NATO is using the harshest language it can possibly muster to halt Russia in its tracks, Putin is doing what he does best: employing brute force (as seen below), and using even […]

Job Creation and Destruction: Do Small, Medium, or Large Corporations Account for Job Growth?

Courtesy of Mish. The hunt for jobs is on. But where is the job growth? Is job growth in small, medium, or large corporations? Unfortunately, that question is insufficient to answer the question. One must also factor in job destruction, the closing of businesses. With that in mind, please consider the Wall Street Journal report: […]

Buffett’s annual letter: What you can learn from my real estate investments

Outside the Box: Buffett’s annual letter: What you can learn from my real estate investments By John Mauldin It does not hurt to be reminded once in a while about what it means to be a “true investor,” and who better to remind us than Warren Buffett? Today’s Outside the Box comes to us from […]

Divergence in consumer confidence may be a symptom of income inequality

Divergence in consumer confidence may be a symptom of income inequality Courtesy of SoberLook.com   US consumer confidence indicators show visible improvements since the government shutdown dip back in October (see post) – although confidence measures have stalled this month.   On a longer time scale, confidence, while still significantly below historical averages, has improved tremendously […]

Clearing Billions in Profit Is About To Get Much Harder

Courtesy of Charles Hugh-Smith of OfTwoMinds blog, The math of netting $1 billion is daunting. The mainstream financial media nearly wet its collective pants with excitement in reporting that the planet's corporations paid $1 trillion in dividends in 2013. What they didn't report is that clearing billions in profit is about to get much harder. As […]

Morgan Stanley Underwrites TSLA Convertible Offering Day After 100% Stock Price Upgrade

Perplexed about Morgan Stanley's seemingly irrational exuberance over TSLA? Read This is nuts. When’s the crash? And this:  Morgan Stanley Underwrites TSLA Convertible Offering Day After 100% Stock Price Upgrade Courtesy of ZeroHedge Tesla has just announced it intends to issue a $1.6 billion convertible note offering "for the development of a "Gigafactory" and a "Gen III" […]

Mania and Panic Boost US Markets

Courtesy of Lee Adler of the Wall Street Examiner This report has become a broken record. However, sooner or later the Fed will be forced to hit the brakes and the fallout from its insane policies of the past 10 years will start. The Fed has printed plenty in February, but the effect has been […]

This is nuts. When’s the crash?

This is nuts. When’s the crash? By Dan McCrum at FT Alphaville Part of the THIS IS NUTS. WHEN'S THE CRASH? SERIES Only 12 years to go till the “utopian society” drives up. That arrives as part of Morgan Stanley’s latest on everybody’s favourite electric car company, Tesla. Well, we say car company. It turns out cars are […]

China Gold Imports Surge – Or Fall. You Decide

Courtesy of John Rubino. Chinese gold imports are becoming a case study in the power of journalists to control the slant of a story by deciding which facts to highlight. The following chart contains the relevant data. Here’s how the mainstream press, in this case Bloomberg, handled it: China’s Gold Shipments From Hong Kong Decline […]

The Housing Recovery Myth In New York And New Jersey Ends With A Bang As Foreclosures Surge

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It was about a year ago when we noted a core component of the US housing non-recovery: the time to sell foreclosed homes had just hit a record of 400 days across the nation. We showed the following chart from RealtyTrac confirming just this: […]

Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack

Bitcoin Exchange Mt. Gox Goes Offline Amid Allegations of $350 Million Hack  By ROBERT MCMILLAN Mt. Gox, once the world’s largest bitcoin exchange, has gone offline, apparently after losing hundreds of millions of dollars due to a years-long hacking effort that went unnoticed by the company. The hacking attack is detailed in a leaked “crisis strategy […]

Tesla’s Next Trillion-Dollar Industry

Tesla's Next Trillion-Dollar Industry Courtesy of SAM RO at Business Insider [Picture credit: Mike Nudelman/Business Insider] Morgan Stanley's Adam Jonas sees huge opportunities for growth in Tesla. "Tesla’s quest to disrupt a trillion $ car industry offers an adjacent opportunity to disrupt a trillion $ electric utility industry," he wrote in a new note to clients. "If […]

Ukraine Hryvnia Down 17% in Two Weeks as Run on Banks Intensifies; 7% of Bank Deposits Withdrawn in 3 Days

Courtesy of Mish. Ukraine’s currency, the Hryvnia, has fallen nearly every day for two weeks straight. US$ vs. Hryvnia On February 13 the Hryvnia went for 8.41 to the US dollar. Today it sells for 10.15 to the US dollar. That is a decline of 17.14% in two weeks. Ukraine Seeks Help From IMF Reuters […]

French Joblessness Surges To New Record High (Up 30 Of Last 32 Months)

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. It would appear French President Francois Hollande's promise to bring jobs to the nation continues to fail dismally. Perhaps it was his recent trip to the US, but French Jobseekers rose more than expected for the 3rd month in a row to a new […]

The Best Way to Learn As an Investor

The Best Way to Learn As an Investor The biggest risk you face as an investor isn't that you'll fail to be Warren Buffett; it's that you'll end up as Lehman Brothers. So why wouldn't you try to learn more from the latter? ~ Morgan Housel By Morgan Housel at the Motley Fool  I made my […]

Bitcoins, Tulips, and the Madness of Crowds

Courtesy of Pam Martens. Coming off the greatest financial collapse in modern history because of unregulated derivatives backed by dodgy collateral, it is more than a little disconcerting that we are now forced to use our digital ink to explain the pitfalls of investing in a digital currency backed by air. There seems to be […]

Risks of Abenomics “stalling out”

Risks of Abenomics "stalling out" Courtesy of SoberLook.com   This coming Thursday Japan's Ministry of Public Management will be releasing the January CPI figures. The report will be closely watched to determine the progress of "Abenomics", as the nation tries to work its way out of the persistent long-term deflationary environment.   However, a number of analysts […]

Mt. Gox CEO Will Have You Know He Has Not Run Away With Your Non-Virtual Money

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Contrary to public speculation, Bitcoin CEO Mark Karpeles will have you know that after halting virtual transactions on his "Magic: The Gathering Online Exchange" for the second, and likely final time, that he has in fact not run away with any all too real […]

Geithner: “We Saved The Economy, Lost The Country”

Courtesy of Larry Doyle. Given the steady stream of platitudes put forth by many past and present political and financial figures in and around Washington, I find myself typically dismissing much of what is said as simply “more of the same.” In the process, I usually scan headlines and quickly move on to review news or […]

Saxo Bank’s Steen Jakobsen Warns of Global Economic Vacuum, China Slowdown, Germany Growth Negative, 30% S&P Correction

Courtesy of Mish. Steen Jakobsen, chief economist at Saxo Bank in Denmark, sent an interesting email yesterday regarding China, Germany, the European debt crisis, and equity prices. Steen is one of the speakers at Wine Country Conference II, May 1-2 in Sonoma, California. What follows is from Steen, I dispense with my usual blockquote style […]

US household debt – first increase in 4 years

US household debt – first increase in 4 years Courtesy of SoberLook.com For the first time in 4 years the overall debt of US households rose on a year-over-year basis. Consumer deleveraging seems to be finally slowing.   Source: Credit Suisse While this overall increase could be interpreted as a sign of improved credit conditions and […]

The deadly genius of drug cartels – TED talk

The deadly genius of drug cartels – TED talk Fascinating TED Talk by Yale professor Rodrigo Canales who argues that we are complicit in up to 100,000 people dying in drug-related violence in Mexico in last 6 years. The harm goes beyond the countable deaths to incalculable pain and destruction.  Excerpt from the transcript The U.N. estimates that […]