Archives for October 2014

US Now Importing the World’s Deflation

Courtesy of John Rubino. With US QE about to end, the rest of the world faced the prospect of another “taper tantrum” financial crisis, one that this time around could suck the world into a deflationary vortex. So it should come as no surprise that the end of QE was countered with a series of […]

Could Non-Citizens Determine the Outcome of the Midterm Elections?

Courtesy of Mish. Here's the question of the day: Could Non-Citizens Determine the Outcome of the Midterm Elections? Some elections, especially for Senate are so close, the unfortunate answer is "yes" as the following video insight from Insight from the Libre Institute explains. Mike "Mish" Shedlock Visit Mish here >   

US Now Importing the World’s Deflation

Courtesy of John Rubino. With US QE about to end, the rest of the world faced the prospect of another “taper tantrum” financial crisis, one that this time around could suck the major economies into a deflationary vortex. So it should come as no surprise that the end of QE was countered with a series […]

The 10 Biggest Energy Company Bankruptcies

The 10 Biggest Energy Company Bankruptcies Courtesy of Andrew Topf of OilPrice.com Running a multi-billion dollar energy company isn’t easy. Just ask the executives in the corner suites of some of the energy companies that have gone bust over the years. Some, like Enron, were brought down because of insider malfeasance. A few, like ATP, blamed […]

The End Of An Era: Is The US Petrodollar Under Threat?

The End Of An Era: Is The US Petrodollar Under Threat? By Andrew Topf of OilPrice.com Recent trade deals and high-level cooperation between Russia and China have set off alarm bells in the West as policymakers and oil and gas executives watch the balance of power in global energy markets shift to the East. The reasons […]

When one door closes…

Predictions that the US equity market would collapse at the end of QE have so far been wrong (and in a very painful way if you shorted the market based on the Fed’s actions). The end-of-the-world-QE bears failed to factor in another surprise move by the Bank of Japan. The BOJ announced its own QE program today — it […]

Nikkei Futures Up Limit, Yen Collapses, Dollar Up, Gold Down as BoJ Pledges “Unwavering Determination” to Get 2% Inflation

Courtesy of Mish. “Whatever it Takes” Japanese Style It’s a world truly gone mad. In a surprise move today, the Bank of Japan announced further quantitative easing, dominated by long-term Japanese government bonds. The BoJ also announced it  and would triple annual purchases of exchange traded funds and property investment trusts. BoJ governor Haruhiko Kuroda […]

The 10th Man: Midterm Elections: Would a Republican Win Be Bullish for the Stock Market?

The 10th Man: Midterm Elections: Would a Republican Win Be Bullish for the Stock Market? By Jared Dillian I had an instant-messenger conversation with one of my clients the other day. It was pretty annoying—he wrote things like “BULL MARKET, DUDE,” and harangued me about my net-short positioning. Then he started telling me that the […]

How Long Can The Top 10% Households Prop Up The “Recovery”?

Courtesy of Charles Hugh-Smith of OfTwoMinds The question of "recovery" really boils down to this: how much longer can the top 10% prop up the expansion? A flurry of recent media stories have addressed housing unaffordability, for example Why Middle-Class Americans Can't Afford to Live in Liberal Cities.   The topic of housing unaffordability crosses party lines: Housing […]

Charting Banzainomics: What The BOJ’s Shocking Announcement Really Means

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Still confused what the BOJ's shocking move was about, aside from pushing the US stock market to a new record high of course? This should explains it all: as the chart below show, as a result of the BOJ's stated intention to buy 8 […]

Looking for a Good Education at a Low Price, Perhaps Free? Head to Europe

Courtesy of Mish. On June 7, 2014 I wrote Looking to Drastically Reduce College Costs? Study Abroad! Yesterday, a writer for the Washington Post expressed the same opinion. Please consider 7 countries where Americans can study at universities, in English, for free (or almost free). Since 1985, U.S. college costs have surged by about 500 […]

Why Mitochondria Matter

Patrick starts by reviewing what a "broken record" is. (Sadly, I know and you probably do too.) He notes that biotechnology has undergone more enormous changes than the music delivery industry, and that most people do not have a proper appreciation of how big this "biotech transformation" is. Then, he reviews what mitochondria are, how they work and why they are so […]

3 Things Worth Thinking About

Courtesy of Lance Roberts via STA Wealth Management, QE Is Dead, But Likely Not Gone As I wrote on Monday, the end of quantitative easing (QE) has come. While it was announced during Janet Yellen's post FOMC meeting press conference on Wednesday, the last official permanent open market operation (POMO) was this past Monday. The question […]

Earnings Cheating Season: Is Your Favorite Company Cooking the Books?

Courtesy of Mish. In his latest Global Strategy Report, Albert Edwards at Societe Generale discusses "earnings season" which he calls "cheating season". We have always found that swings in analyst earnings expectations mirror the economic cycle quite well, but because of the weekly frequency, swings in analyst earnings optimism often act as a timely leading […]

Tim Cook: “I’m Proud to be Gay”

  #455064918 / gettyimages.com Tim Cook discusses being gay on BusinessWeek. Recent bullying statistics show that gay teens are from 2 to 3 times more likely to commit suicide than others, and almost 30% of completed suicides are related to problems dealing with sexual identity. Perhaps Tim Cook's story will help people accept their differences, […]

Ebola “Turning Point” and Perspective

Courtesy of Mish. Last Week the Huffington Post reported Ebola.com Sells For More Than $200,000 — Including 19,000 Shares Of Cannabis Sativa Stock. Two Las Vegas entrepreneurs attempting to sell the rights to Ebola.com succeeded in selling to the highest bidder — literally. Chris Hood and Jon Schultz paid $13,500 for the rights to Ebola.com […]

Here’s Why the Fed’s $4.45 Trillion Balance Sheet Is Not Going to Shrink

Courtesy of Pam Martens. Federal Reserve’s FOMC Meeting in March 2014 Back on June 25 of this year, Wall Street On Parade ran the following headline: “BOE’s Carney: Inflated Central Bank Balance Sheet the New Normal; Expect to Hear the Same Conclusion from the U.S. Fed.” The day before our headline, Bank of England Governor, […]

GDP- Surprise, Surprise, Surprise…Not

Courtesy of Lee Adler of the Wall Street Examiner The advance number for third quarter GDP came in at 3.5%, surprising the Wall Street conomists, whose consensus guesspectation was 3%. It should not have been a “surprise.” The US Treasury reports tax collection data virtually in real time, every day. I publish a chart of the withholding tax data and […]

Outside the Box: The Colder War

Outside the Box: The Colder War By John Mauldin The story of energy is the story of human expansion. From the days when we roamed the African savanna, we tamed first fire and then other forms of energy, using them as tools to control our environment and improve our lives. The control of energy has […]

NYSE Margin Debt Drifts Higher Again in September

NYSE Margin Debt Drifts Higher Again in September Courtesy of Doug Short, Advisor Perspectives Note from dshort: The NYSE has released new data for margin debt, now available through September. I've updated the charts in this commentary to include the latest numbers. The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we […]

Orbital Sciences Shares Crash After Its Unmanned Rocket Explodes

Orbital Sciences Shares Crash After Its Unmanned Rocket Explodes By MYLES UDLAND at Business Insider YouTube/Brad Panovich Orbital Sciences' Antares rocket exploded shortly after takeoff Tuesday night. And now the company's shares are crashing as well. In premarket trade on Wednesday, Orbital Sciences shares were down more than 15% after the company's unmanned Antares rocket exploded shortly […]

Meet “OSHBot” Lowes New Store Helper; Goodbye Retail Associates, Hello Robots

Courtesy of Mish. Goodbye Retail Associates, Hello Robots The future of shopping has arrived, and its not human. Not only do robots cost less than humans, they don’t complain, they speak multiple languages, and most importantly, by scanning aisles they know where every item is in the store and can take you straight to it. […]

And The Biggest Beneficiary Of QE3 Is…

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Aside from the S&P 500 of course, which made billionaires out of millionaires (even if it failed to make billionaires into trillionaires this time around –  we will have to wait for QE4 or QE5 for that), some may wonder: who was the biggest […]

No Plans for Normalization: Fed Ends QE, Will Hold Rates Low for “Considerable Time”, Will Reinvest Proceeds

Courtesy of Mish. Inquiring minds may wish to slog through today’s FOMC Press Release on Monetary Policy but it’s really not worth the time it takes to read it. Here are a few details, generally expected The Committee judges that there has been a substantial improvement in the outlook for the labor market since the […]