Speculative Animal (Hamster) Spirits on the Rise

Here’s an important article for day-traders and day-trader wannabes. In it, Wade Slome points out that 80% of traders lose money, and only 1% are consistently profitable. These are bad odds. And if you think you’re good enough to quit your day job, consider the inherent human tendency to inflate one’s skill set.  After the […]

Geopolitical Turmoil Takes Its Toll On ExxonMobil

Geopolitical Turmoil Takes Its Toll On ExxonMobil By Nicholas Cunningham of OilPrice.com ExxonMobil had a pretty rotten week. On March 5 it announced that it would reduce capital expenditures this year, after having “peaked” in 2013. Its 2014 spending will hit $39.8 billion, down 6% from $42.5 billion last year. While that may seem like a good thing […]

This Could Be The Future For Uranium

  By David Forest of Oil Price  As I’ve discussed before, the uranium mining business has some unique global challenges. Namely, that the industry cost curve is much more warped than for any other metal. Worldwide, there is exactly one low-cost centre for producing primary uranium: Canada’s Athabasca Basin. Looking at some recent numbers, it’s […]

“Stolen Passport” Passenger on Missing Malaysian Airlines Jet Identified

  "Stolen Passport" Passenger on Missing Malaysian Airlines Jet Identified Courtesy of ZeroHedge One of the two men who used stolen passports to board the missing Malaysia Airlines jet has been identified according to the nation’s inspector general of police. Authorities are not releasing details of his nationality but confirmed he is neither Malaysian nor […]

Iron Ore Prices Collapse into Bear Market on China Credit Concerns

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Iron Ore prices have dropped 25% since the end of last year, sending the key steel-making component into a bear market after slumping by over 9% overnight – its biggest daily drop on record. We warned last week this was likely to happen on […]

The 99 Cent Non-Recovery: McDonalds US Sales Post Longest Negative Streak In Over A Decade

Courtesy of ZeroHedge. View original post here. Submitted by Tyler Durden. Moments ago McDonalds reported its latest monthly comp store sales numbers. Printing at -1.4% for the US, this was a nearly double miss to expectations of a 0.6% decline, and was the 4th consecutive monthly drop in annual sales – the longest such stretch […]

War Talk Roundup: China Has “No Room for Compromise with Japan”; Spotlight on China, Japan, US, Iran, Russia, Ukraine, North Korea

Courtesy of Mish. The global macro picture is bad enough in and of itself. Simmering feuds between rival nations certainly do not help the picture. Here are a few recent stories that caught my eye. China has No Room For Compromise with Japan The New York Times reports China has No Room For Compromise with […]

The Problem with Keynesianism

  Thoughts from the Frontline: The Problem with Keynesianism By John Mauldin “The belief that wealth subsists not in ideas, attitudes, moral codes, and mental disciplines but in identifiable and static things that can be seized and redistributed is the materialist superstition. It stultified the works of Marx and other prophets of violence and envy. […]

The Fat Drug

  The Fat Drug By PAGAN KENNEDY at the New York Times IF you walk into a farm-supply store today, you’re likely to find a bag of antibiotic powder that claims to boost the growth of poultry and livestock. That’s because decades of agricultural research has shown that antibiotics seem to flip a switch in young […]

Fukushima Radiation To Reach West Coast Next Month

  Fukushima Radiation To Reach West Coast Next Month Courtesy of ZeroHedge Over the past three years there has been endless debate over whether the Fukushima radioactive fallout is hitting the US west coast, or if, as the media spin would have it, it is largely isolated, and best to just take their word for it […]

Of Bonds and Bitchiness

Of Bonds and Bitchiness Courtesy of Joshua M Brown   “Alyssa, I’m sorry I called you a gap-toothed bitch. It’s not your fault you’re so gap-toothed.” – Mean Girls One of the biggest stories of the week was the ongoing fallout from the Mohamed El-Erian / Bill Gross break-up at PIMCO. In the wake of Greg […]

Abenomics Crucified With Lowest GDP Since Abe, Worst Current Account Deficit On Record

  Abenomics Crucified With Lowest GDP Since Abe, Worst Current Account Deficit On Record Courtesy of ZeroHedge "It's the weather" That's all Abe has left to pretend that 'recovery' is right around the corner. Japan just printed its worst current account deficit on record and its worst GDP growth since Abenomics was unveiled – both […]

Scientists: Test West Coast for Fukushima radiation

  Scientists: Test West Coast for Fukushima radiation SALEM, Ore. — Very low levels of radiation from the Fukushima nuclear disaster likely will reach ocean waters along the U.S. West Coast next month, scientists are reporting. Current models predict that the radiation will be at extremely low levels that won't harm humans or the environment, […]

String Theory Genius Explains The Coming Breakthroughs That Will Change Life As We Know It

String Theory Genius Explains The Coming Breakthroughs That Will Change Life As We Know It Courtesy of GUS LUBIN of Business Insider Wikipedia String field theory co-founder Michio Kaku did not even try to explain his controversial yet undeniably brilliant cosmological theory of everything during his interview on Reddit, beyond this analogy: "In string theory, all particles are […]

Spain Modifies Bankruptcy Laws to Prevent Corporate Liquidations; 65,000 Companies, 1.3 Trillion Euro Delinquencies in Play

Courtesy of Mish. In the name of saving jobs, the Spanish government has decided to change the rules as to whether or not a business is viable. In bankruptcy proceedings, companies will no longer be free to decide whether they prefer to liquidate the company. Instead, corporations will be obliged to accept debt restructuring offerings […]

Pro-Russia Troops Install Minefields, Border Markers in Crimea; Gazprom Ups Price of Natural Gas 37%, Calls in $2 Billion Gas Debt

Courtesy of Mish. The takeover of Crimea by Russia is nearly complete. All that remains is the final vote on March 16. There would not be a vote if the outcome was uncertain. Troops Install Minefields, Border Markers in Crimea Bloomberg reports Pro-Russia Forces Occupy Ukraine as Separatist Vote Looms. Pro-Russian forces advanced in Ukraine’s […]

The Bitcoin Middle Ground That Nobody Wants To Hear

The Bitcoin Middle Ground That Nobody Wants To Hear Courtesy of JOE WEISENTHAL at Business Insider Bitcoin is very polarizing. Believers in the "digital currency" frequently talk about how it has the potential to uproot the existing financial system, and replace the dollar and the Federal Reserve. Skeptics think it's a sham, a la tulip bubbles. A […]

Debt Rattle Mar 9 2014: Big Oil and Gas Wars

Courtesy of The Automatic Earth. Jack Delano for OWI Female Gas Attendant, Philadelphia, PA June 1943 Forests and trees. We live in a world built on such an overkill of 24/7 propaganda and misinformation that some of it easily slips by. At that point you need to rely on the little man inside to raise […]

Is Bitcoin Legal? Illegal? a Currency? a Commodity?

Courtesy of Mish. Regulators in various countries are grappling with bitcoin. What the hell is it? It's a good question and answers vary widely. Bloomberg reports Japan Says Bitcoin Not Currency Amid Calls for Regulation. Japan’s government said Bitcoin isn’t a currency amid calls for its regulation a week after the bankruptcy of Mt. Gox, […]

China Exports Decline Unexpectedly, Trade Balance Negative

Courtesy of Mish. In yet another downside surprise, China February Exports Tumble Unexpectedly. China’s exports unexpectedly tumbled in February, swinging the trade balance into deficit and adding to fears of a slowdown in the world’s second-largest economy despite the Lunar New Year holidays being blamed for the slide. The sharp drop in exports follows a […]

Mission Accomplished

Mission Accomplished Courtesy of Joshua M Brown, The Reformed Broker Who says QE is ineffective? If you’re an owner of real estate or financial assets, it’s pretty darn f*cking effective. From the Wall Street Journal: The net worth of U.S. households and nonprofit organizations rose 14% last year, or almost $10 trillion, to $80.7 trillion, the […]

Obama And Putin Are Trapped In A Macho Game Of “Chicken” And The Whole World Could Pay The Price

Obama And Putin Are Trapped In A Macho Game Of “Chicken” And The Whole World Could Pay The Price Courtesy of Michael Snyder The U.S. government and the Russian government have both been forced into positions where neither one of them can afford to back down.  If Barack Obama backs down, he will be greatly […]

Hopefully You Weren’t Russian to Sell

Because by Friday, Ukraine was Old News By Paul Price of Market Shadows Last weekend brought dire market predictions that were self-fulfilling early on Monday. By the end of the week, the Russian fatigue factor had set in. Most Americans didn't care to hear any more bs about how events in the Ukraine would torpedo their […]

Five Years of Progress

Courtesy of Zero Hedge Presented with no comment…     h/t @Not_Jim_Cramer