Full story here from ZeroHedge. And here’s an antidote!
Citi’s Robert Buckland is out with the must read report of the weekend, especially for all the optimists who believe that despite the ongoing depression (and as many have demonstrated, all the talk about a double dip is moot, as America has never left [...]
Full story here from ZeroHedge. See, in China there is a little accountability when you screw up to the tune of 12 digits of moolah. Of course, here in the US the guy would be voted the next Fed chairman.
Today’s stunning if true news comes from Stratfor which has just issued a blast notifying [...]
Full story here from Jim Willie.
History is being made. The American public has never been no nervous, perhaps fearful of something dreadful and imminent. The global monetary system is crumbling. The typical stimulus has failed to jumpstart the USEconomy. The 20 months of near 0% short-term official interest rate has failed to revive the moribund [...]
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. Like you haven’t heard me say this a bunch of times already.
Imagine the reaction at the White House when the Department of Labor released its weekly unemployment figures on Thursday. Jobless claims rose by 12,000 to 500,000 in the second week of August. There’s been no improvement in the [...]
Guest post from ZeroHedge. It ain’t pretty.
http://www.zerohedge.com/sites/default/files/What%20to%20Expect%20When%20Expecting.pdf
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 Jim Willie a/k/a The Golden Jackass. Jim usually writes about once every couple of weeks. Now, as a result of financial foment, I’m seeing him once or twice a week. Non-financial interlude here.
The article of July 22nd on “Smoking Guns of USTreasury Monetization” hit more desks, raised more dust, and brought more [...]
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 [...]
Full story here from ZeroHedge. More from Nassim Taleb, author of The Black Swan.
In an interview conducted with Business Week, Nassim Taleb discusses his view of the biggest black swan in the market currently, and isn’t shy to call government debt a “Pure Ponzi scheme.” – When asked where he the biggest potential source of systemic [...]