Full story here from Jim Willie a/k/a the Golden Jackass. Your bonus multimedia here.
Many observers to the wild gyrations, deep contortions, extreme measures, and other bizarre activity in the government and banking arenas are suffering from severe confusion. The public is alarmed, even frightened, by the sequence of events, without much benefit of comprehension of [...]
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 Paul Craig Roberts.
Have economists made themselves irrelevant? If you have any doubts, have a look at the current issue of themagazine, International Economy, a slick publication endorsed by former Federal Reserve chairmen Paul Volcker and Alan Greenspan, by Jean-Claude Trichet, president of the European Central Bank, by former Secretary of State [...]
Full story here from ZeroHedge. Of course, your local econo-pessimist could’ve told you this too.
Paul Farrell’s take on Jeremy Grantham’s recent essay Seven Lean Years (previously posted on Zero Hedge) is amusing in that his conclusion is that should Obama get reelected, his entire tenure will have been occupied by fixing the problems [...]
Full story here from ZeroHedge.
Albert Edwards, whose opinion, of all macro economists, is among the most respected by Zero Hedge staff, has just thrown down the gauntlet. In his just released piece he mocks the Black Knight, compares the market to a Polish dude with a bullet stucj in his head, makes fun of koolaid [...]
Full story here from ZeroHedge. “Oh, the humanity!”
The market is now down 3.4% from the August 12 open, when the first Hindenburg Omen was sighted, on route to validating the prediction of a 5% drop. However, in the process it continues getting worse and worse – today we just got a third H.O. confirmation, and [...]
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 [...]
Interview with Max Keiser on 8/20/10. Yeah, that voice is not sexy but chances are he’s right in a big way. Better safe than sorry.
http://www.youtube.com/watch?v=h2D2y1ye6kc&feature=player_embedded#!
http://www.youtube.com/watch?v=mlX88WZrPt4&feature=player_embedded
http://www.youtube.com/watch?v=pnTETzeEm6E&feature=player_embedded
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 [...]