Full story here from Market Oracle. But you may ask: “Why are you trying to bum us out on a total rally day?” It could go Dow 36,000 but fail to address ANY of the pressing issues of crumbling infrastructure, unemployment or financial onanism that we find ourselves mired in today.
Readers of my articles will [...]
Full story here from ZeroHedge.
When I read Paul Krugman and the other Keynesian boneheads saying that our debt is not a problem, they quote figures about our debt of $13.3 trillion versus our GDP of $14.6 trillion not being so bad. That is only 91% of GDP. They point to World War II when our [...]
Full story here from ZeroHedge.
In his latest letter, Pimco’s Bill Gross explains why neither he, nor his fund, are some bloodthirsty vampire squid, monopolizing the bond market: all he wants is the greater social good, which can only be perpetuated by endless government subsidizes of the housing ponzi. What follows is truly entertaining:
Full story here from Mike Whitney.
At the time, the idea of a nationwide “Recovery Summer” tour must have seemed irresistible. After all, the stock market was inching its way higher every week and there were convincing signs that the economy was on the rebound. What better time for President Barack Obama to barnstorm his way [...]
Full story here from ZeroHedge. This is a rubber-meets-the-road moment–whether the Fed is broken or if the Bailout Kleptocracy hits full steam ahead. The very fact that the US taxpayer has to BEG and then SUE to see where their money went and what, if any, collateral was provided is truly pathetic.
Full story here from ZeroHedge.
Submitted by Gordon T Long of Tipping Points
Preserve and Protect: Mapping The Tipping Points
The economic news has turned decidedly negative globally and a sense of ‘quiet before the storm’ permeates the financial headlines. Arcane subjects such as a Hindenburg Omen now make mainline news. The retail investor [...]
Full story here from Paul Craig Roberts.
The United States is running out of time to get its budget and trade deficits under control. Despite the urgency of the situation, 2010 has been wasted in hype about a non-existent recovery. As recently as August 2 Treasury Secretary Timothy F. Geithner penned a New York Times column, “Welcome [...]
Full story here from Janet Tavakoli.
Arianna Huffington’s new book, Third World America: How Our Politicians are Abandoning the Middle Class and Betraying the American Dream, paints a grim picture of the State of the Union:
“Every day, Americans, faced with layoffs and tough economic times, are forced to use their credit cards to pay for [...]
Full story here from ZeroHedge. This is probably what we should be doing to the Fed.
The Dallas Fed has released an economic paper titled “Keynes’ Wet Dream”… just joking – the real titles is – “Can The Nation Stimulate Its Way to Prosperity” in which the author concludes wisely: “While the overall weight of the [...]
Full story here from ZeroHedge. Hitler loses his ShamWows here.
Raoul Pal, who retired from managing money at the ripe age of 36, after co-managing GLG’s Global Macro Fund, and the hedge fund sales business in equities and equity derivatives at Goldman among others, and has been publishing the attached Global Macro Report since, has just [...]