Archives for July 2014

Forget Ebola, Florida Issues “Flesh-Eating Bacteria” Public Health Warning

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. As Ebola spreads mercilessly across the world, it appears Florida has a problem that sounds just as awful. As CBS reports, Florida health officials are warning beachgoers about a seawater bacterium that can invade cuts and scrapes to cause flesh-eating disease. At least 11 […]

When All Else Fails Blame “Free Markets”

Courtesy of Mish. It’s rather amazing how people blame “free markets” for things that are 180 degrees removed from “free markets”. For example, and in response to Political Greenwashing: US Exports Coal Pollution to Europe; What About China? reader Over Exposed writes “Excellent example of a complete and utter failure of the free market to […]

Our Totalitarian Future – Part 2

Courtesy of Jim Quinn of The Burning Platform In Part One, I asked questions your keepers don’t want to answer truthfully, while providing the contextual setting for how our over-populated world is progressing relentlessly towards a future of war and totalitarianism. Totalitarianism Now “Where the republican or limited monarchical tradition is weak, the best of constitutions […]

Whole Foods Discovers Stock Buybacks, And It’s Too Little Too Late: Stock Tumbles Again

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. A quarter ago, when we commented on the latest post-earnings collapse in Whole Foods stock, we said that "Whole Foods Misses, Lowers Guidance, Or What Happens When You Ignore Buybacks At The Expense Of CapEx", and broke down the results as follows: .. the […]

Memo to CAPE Slaves

Memo to CAPE Slaves Courtesy of Joshua M Brown   You don’t hear much out of the adherents of CAPE these days, as even its most ardent fans have given up on it as a timing tool. Earlier this year and during much of last year, I’d taken the Cyclically Adjusted Price-Earnings ratio to task for […]

There’s ALWAYS a Divergence

Joshua M Brown, the Reformed Broker, discusses divergences in stock market indicators. People often attribute significance to two or more events occurring together when there is no significance. So just because volume declined, the S&P went up, but some stocks went down, doesn’t mean the market is about to fall, or rise, or rise then fall… Sometimes, […]

Political Greenwashing: US Exports Coal Pollution to Europe; What About China?

Courtesy of Mish. While president Obama brags about clean energy advances in the US (mostly hot air and subsidies to uneconomic businesses), the US quietly exports pollution to Europe. Coal is a particular good example. Please consider US Exports Help Germany Increase Coal, Pollution LUENEN, Germany – One of Germany’s newest coal-fired power plants rises […]

The Death of Twitter Had Been Greatly Exaggerated

The Death of Twitter Had Been Greatly Exaggerated Courtesy of Joshua M Brown, The Reformed Broker   By now, you’ve no doubt heard about Twitter’s coming-out party last night, in which the company finally reported the game-changing quarter that Wall Street’s been waiting for. In its third-ever report as a public company, Twitter blew away the analysts […]

Debt Rattle Jul 30 2014: The State Of The Union Is Shocking

Courtesy of The Automatic Earth. Arnold Genthe Long Beach, New York Summer 1927 Oh yay, US Q2 GDP supposedly rose by 4%. Aw, come on. That’s only 7% more than in Q1 (or 6.1% in the once again revised Q1 number). Wonder what made that happen? Don’t bother. It’s complete nonsense. New home sales and […]

Joshua Brown: When a Divergence is Just a Line on a Chart

The Reformed Broker discusses divergences in stock market indicators. People often attribute significance to two or more events occurring together when there is no significance. So just because volume declined, the S&P went up, but some stocks went down, doesn’t mean the market is about to fall, or rise, or rise then fall… There’s ALWAYS a Divergence […]

GDP Deja Vu Stunner: Over Half Of US Growth In The Past Year Is From Inventory Accumulation

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Back in December 2013, when everyone was expecting a 3% GDP print for Q1, we did a simple analysis concluding that "Inventory Hoarding Accounts For Nearly 60% Of GDP Increase In Past Year." We stated that this "hollow growth", which is merely producers pulling […]

JPMorgan Has Spent $18 Billion Buying Back Its Own Stock in Four Years

Courtesy of Pam Martens. As Wall Street On Parade reported last week, Jeffrey Kleintop, Chief Market Strategist for LPL Financial, reports that corporations are now the single largest buying source for U.S. stocks – authorizing buybacks of their own stocks to the tune of $754.8 billion in 2013 alone. And it’s a long-term trend. According […]

Q2 GDP Surges 4%, Beats Estimates Driven By Inventories, Fixed Investment Spike; Historical Data Revised

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Moments ago the Commerce department reported Q2 GDP which blew estimates out of the water, printing at 4.0%, above the declining 3.0% consensus, as a result of a surge in Inventories and Fixed Investment, both of which added over 2.5% of the total print, […]

GDP Review: How’s Our Economy ‘Really’ Doing?

Courtesy of Larry Doyle. Most pundits and analysts will understandably try to hype the better than expected 4% growth rate of 2nd quarter GDP reported this morning. I get it. Some might temper the hype by highlighting that growth in inventories accounted for approximately 1.7% of the growth. Others might choose to direct attention to […]

M.A.D. Sanctions; Two Games at Once

M.A.D. Sanctions; Two Games at Once Courtesy of Mish M.A.D. Sanctions Sanctions are a lose-lose-lose game. Consumers lose, businesses loses, countries lose. And the hypocrisy alone is appalling. The EU wants sanctions to hurt Russia "more" than the EU. Thus the EU let a French military sale to Russia go through, while blocking transactions and […]

Our Totalitarian Future – Part 1

Courtesy of Jim Quinn via The Burning Platform “On the first Christmas Day the population of our planet was about two hundred and fifty millions — less than half the population of modern China. Sixteen cen­turies later, when the Pilgrim Fathers landed at Plym­outh Rock, human numbers had climbed to a little more than five hundred […]

85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

Courtesy of Michael Snyder of The Economic Collapse The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year. According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet […]

On Dominoes, WMDs And Putin’s “Aggression”: Imperial Washington Is Intoxicated By Another Big Lie

Courtesy of David Stockman via Contra Corner Imperial Washington is truly running amuck in its insensible confrontation with Vladimir Putin. The pending round of new sanctions is a counter-productive joke. Apparently, more of Vlad’s posse will be put on double probation, thereby reducing demand for Harry Macklowe’s swell new $60 million apartment units on Park Avenue. Likewise, American exporters of high […]

China Meat Scandal Spreads: McDonald’s Japan Slashes Guidance

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. We warned last week that the scandal over Chinese meat supplier OSI was spreading (and Asians were increasingly shunning western fast-food restaurants) and now, as The FT reports, McDonald’s Japan has pulled its full-year profit guidance on the back of falling sales. It had […]

Oh Yeah, About That Con Con Con

Oh Yeah, About That Con Con Con Courtesy of Lee Adler  As usual, the Conference Board and all the major media press release repeaters put a positive spin on the highest reading of Consumer Confidence (aka the Con Con Con) since October 2007. None of the media echo chamber reports pointed out that October 2007 […]

Whopping 35% Have Debt in Collection! Delinquent Debt in America: By Region and Metro Area, Where Is It?

Courtesy of Mish. The Urban Institute has an interesting 14-page synopsis on Delinquent Debt in America. By percentage, the number of people in collections is largely concentrated in the South, while amount owed shows no geographic pattern. The Urban Institute uses 2013 credit bureau data from TransUnion to measure how many Americans are reported as […]

Zillow + Trulia and the Big Coverup

Stocklemon of Citron discusses the potential merger of the internet real estate companies Zillow and Trulia and the problems they face. ~ Ilene  Zuliagate – The Big Secret: Citron Exposes What the Press Has Ignored Courtesy of Citron Reports  The stock market and the real estate industry are all abuzz about the possible merger of Zillow (NASDAQ:Z) and Trulia […]

Deadbeat Nation: A Shocking 77 Million Americans Face Debt Collectors

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. We have been warning for years that as a result of the Fed's disastrous policies, America's middle class is being disintegrated and US adults are surviving only thanks to insurmountable debtloads. But not even we had an appreciation of how serious the problem truly […]

Housing Prices Did NOT Decline In May as Case Shiller Reported and Are Still Running Hot

Housing Prices Did NOT Decline In May as Case Shiller Reported and Are Still Running Hot Courtesy of Lee Adler  I won’t go into the specifics of the worst housing indicator in the world, released today and dutifully spewed by the world’s mainstream financial infomercial outlets. If you want to pick through that type of garbage, […]