Archives for August 2014

Debt Rattle Aug 28 2014: EU Gas Supply Is In Real And Imminent Danger

Courtesy of The Automatic Earth. NPC Robey Motor Co., 1429 L Street, Washington, DC 1926 More accusations fly across the media, like so many flocks of Canada geese, of direct Russian involvement in Ukraine. Much is made of an interview with Donetsk National Republic leader Alexander Zakharchenko, in which he “admits” there are Russian volunteers […]

The Cleveland Fed’s Puzzle on Future Economic Activity

Courtesy of Pam Martens. Pam Martens and Russ Martens discuss The Cleveland Fed’s Puzzle on Future Economic Activity. The Fed is trying to predict where the economy is headed. With a weak labor force and flat wages, the Fed is aware of the danger of raising interest rates too quickly and triggering an economic downturn. But […]

Jane’s Defense Caught With Pants Down: Ukraine Admits Rebel Counteroffensive, Including March to the Sea

Courtesy of Mish. Jane’s Defense vs. Colonel Cassad Take II In response to Jane’s Defense vs. Colonel Cassad: Someone Seriously Wrong, a close friend wrote … Jane’s has been in business giving good advice for a century and could only do so by giving good advice.  Everything I have read suggests that the rebels (who […]

Trapped in Venezuela: Looking to Get Out? Good Luck!

Courtesy of Mish. Every day, the cost of a plane ticket out of Venezuela goes up. That assumes you can get a plane ticket, and you probably cannot, even if you booked three months ago.  Delta Air Lines, American Airlines, and Lufthansa cut the number of flights. Air Canada stopped all service. Economy class tickets […]

Why Does The Economy Stink? Because America’s Owners Are Greedier Now Than Ever Before

Why Does The Economy Stink? Because America's Owners Are Greedier Now Than Ever Before Courtesy of HENRY BLODGET at Business Insider Business Insider, St. Louis Fed, GDP growth. The U.S. economy is still sputtering. (See GDP growth chart above.) Why is growth so slow and weak? One reason is that average American consumers, who account for the vast […]

European Bond Market: Bubble of all Bubbles!

Courtesy of EconMatters European Bond Rush Right now investors in European Bonds are running over each other all in an effort to front run what the Big Banks have been begging the ECB to begin a bond buying program similar to the United States’ QE bond buying program. Tourism has its Limitations It is hilarious as […]

Employers Aren’t Just Whining: The “Skills Gap” Is Real

  #83941033 / gettyimages.com Outside the Box: Employers Aren’t Just Whining: The “Skills Gap” Is Real By John Mauldin Paul Krugman and other notables dismiss the notion of a skills gap, though employers continue to claim they’re having trouble finding workers with the skills they need. And if you look at the evidence one way, […]

An Interview With Alasdair Macleod

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Yesterday it was Ambrose Evans Pritchard, today, in this 2nd of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars has a City of London streetside conversation with Alasdair Macleod right outside the Dutch reform Church in […]

Dimes On Black And Dynamite On Red

Dimes On Black And Dynamite On Red By John Hussman writing at Casey Research The stock market is presently a roulette wheel with dimes on black and dynamite on red. We continue to have extreme concerns about the extent of potential market losses over the completion of the present market cycle. At the same time, we […]

Y is for Yawn Effect

Y is for Yawn Effect Courtesy of Tim Richards of the Psy-Fi Blog The Yawn Effect occurs when you yawn in response to someone else yawning. In fact you can even get your dog to do it (or get coerced into yawning by your pooch). Yawning is contagious, and contagion is an inevitable unconscious consequence of people […]

IMF Chief Under Investigation in French Fraud Case; Meet David Lipton (an Obama Clone), Lagarde’s Possible Replacement

Courtesy of Mish. IMF chief Christine Lagarde Under Formal Investigation in French fraud case. IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister. Lagarde was questioned by magistrates in Paris this week for a fourth […]

Debt Rattle Aug 27 2014: The Right To Live Free And In Peace

Courtesy of The Automatic Earth. Esther Bubley Greyhound garage, Pittsburgh, PA Sep 1943 Our Canadian friend Marina, who has Russian roots, sent me this video today. Marina has also translated several Automatic Earth articles into Russian (I’ll put up a link in a sidebar), see here. This is a taped August 24 international press conference […]

A World Without Fractional Reserve Banks and Central Planning

Courtesy of John Rubino. Excerpted From The Money Bubble: What To Do Before It Pops by James Turk and John Rubino: In a very real sense, it is fractional reserve banking and not money itself that is the root of so many of today’s evils. Whenever fractional reserves are permitted, the banking system – including […]

US 10-Year Treasury Cheapest in G7, Yield Spread Near Record High

Courtesy of Mish. Saxo Bank chief economist Steen Jakobsen point out US 10-Year treasury is the cheapest in G7 with the spread near a record high. Spread of US 10-Year Note Yield vs. G7 Average Yield click on chart for sharper image Via email Steen says … US 10 Year cheapest in G-7! This is […]

An Interview With Ambrose Evans-Pritchard

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. In this first of a series of London interviews that Lars Schall conducted for Matterhorn Asset Management this summer, Lars met up with the Telegraph's Ambrose Evans-Pritchard to discuss geopolitical tensions in the world, China's challenges, threats to the global economy and the expectations […]

The Real Force Behind US Economic “Growth” Is Not The Fed

Courtesy of Lee Adler of the Wall Street Examiner Industrial Production – Click to enlarge As the stock market has scooted off into Fed driven bubble territory over the past year, industrial production, on the surface at least, appears to be expanding quite nicely. After briefly going negative in mid 2013, the annual growth rate […]

Stop Investing in Leveraged ETFs

Stop Investing in Leveraged ETFs By Andrey Dashkov, Casey Research Bigger, faster, better. That’s the turbocharged investment we all want. Miller’s Money Forever subscribers who pay close attention to our portfolio, though, will notice that we don’t hold leveraged ETFs—those with “2x” or “inverse” or “ultra” in their names, which some investors mistake for “better.” […]

Microsoft’s Mobile Comeback: Fantasy or Possibility?

Microsoft’s Mobile Comeback: Fantasy or Possibility? [The Technology Investor] Courtesy of Adam J. Crawford at Casey Research It was one of worst predictions in recent memory. In a 2007 interview, former Microsoft CEO Steve Ballmer said, “There’s no chance that the iPhone is going to get any significant market share. No chance.” It reminds us of when […]

Argentina – Sliding Down A Slippery Slope

Argentina – Sliding Down A Slippery Slope Courtesy of Pater Tenebrarum of Acting Man Planned Bond Exchange Declared Illegal You bet it is illegal – in its continued attempt to welsh on its creditors, Argentina's  government has attempted to move its debt out of the reach of US courts by swapping its debt for new debt […]

The Unprecedented Failure to Regulate Citigroup Continues

Courtesy of Pam Martens. Yesterday, Wall Street’s self-regulator, the Financial Industry Regulatory Authority (FINRA), charged Citigroup with cheating its customers out of fair prices on preferred stock trades — 22,000 times. Citigroup was fined a meager $1.85 million, ordered to pay $638,000 in restitution, allowed to neither deny or admit the charges, and sent on […]

The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Ah, the perils of European power politics. A day after France revealed its new government, the person who eagerly stepped in after DSK's infamous and choreographed fall from grace and the IMF presidency (not to mention his derailed French presidential ambitions, greenlighting Hollande as what […]

Ukraine Seeks Ceasefire Following ‘Very Tough and Complex” Talks With Putin

Courtesy of Mish. On August 10, Ukraine said No Cease-Fire Until Rebels Surrender. Things changed. This just in … On August 26, Reuters reported Poroshenko Seeks Ceasefire After ‘Very Tough’ Talks With Putin. Ukrainian President Petro Poroshenko promised after late-night talks with Russia’s Vladimir Putin to work on an urgent ceasefire plan to defuse the […]

Jane’s Defense vs. Colonel Cassad: Someone Seriously Wrong

Courtesy of Mish. Given misinformation and outright lies by all involved, it’s important to consider the both sides of the story. Military Endgame? Jane’s Defense claims Ukrainian Military Moves to Endgame. Ukrainian troops have continued their offensive aimed at clearing pro-Russian rebels from the Donetsk and Lugansk regions despite strong resistance. Both the Ukrainian and […]

A Nation of Shopkeepers

Thoughts from the Frontline: A Nation of Shopkeepers By John Mauldin “To found a great empire for the sole purpose of raising up a people of customers may at first sight appear a project fit only for a nation of shopkeepers. It is, however, a project altogether unfit for a nation of shopkeepers; but extremely […]