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Hello Rachel Maddow, MSNBC, USA Today, CNN, Washington Post, Slate: Another Major Russia Story Falls Apart
Hello Rachel Maddow, MSNBC, USA Today, CNN, Washington Post, Slate: Another Major Russia Story Falls Apart The biggest purveyors of “fake news” and irresponsible journalism are the news media outlets complaining most about it. MSNBC’s Rachel Maddow is at the forefront of the latest fake news on Russia. Maddow’s Rant Follow Maddow Blog ✔@MaddowBlog DHS didn’t […]
Radical Appeal for More EU Stupidity
Radical Appeal for More EU Stupidity The rise of far-right and far-left parties across Europe is directly related to calls for “more Europe”. Yet, French president Emmanuel Macron makes a Radical Appeal for a More Powerful EU. Bold Actions Macron seeks “bold” actions. He wants an EU “military intervention force”, a common budget, carbon taxes, […]
Catalonia Police Reject Madrid Orders: Barring Invasion, the Vote Will Take Place
Catalonia Police Reject Madrid Orders: Barring Invasion, the Vote Will Take Place Barring a mass invasion by Spanish government troops, it appears the vote in Catalonia will take place. Given the importance of the story, Western media is amazingly silent. Stories are few and far between. We have not even see Tweet 1 from President Trump. […]
Defiant Catalans Block Spain’s Military Boats From Landing; Spain Seizes “.CAT” Domain
Defiant Catalans Block Spain’s Military Boats From Landing; Spain Seizes “.CAT” Domain Spain’s plan to send boatloads of military police to Catalonia to prevent its independence referendum have backfired with dockers in two ports staging a boycott and a third refusing access. The Express writes Police boats Blocked by Catalan ports as unrest threatens to […]
Stock Market “Crash” Unlikely: It’s the Debt, Stupid
Stock Market “Crash” Unlikely: It’s the Debt, Stupid Many people have been predicting another stock market “crash”. I have not been in that camp for reasons I will explain below. Yet, I believe the stock market is at least 50% overvalued, and a 40% to 60% “net” decline is coming. My view is the decline will […]
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form
Stupidity Well Anchored: Absurdity of Inflation Expectations in Graphic Form The amount of sheer nonsense written about inflation expectations is staggering. Let’s take a look at some recent articles before making a mockery of them with a single picture. Expectations Problem On July 17, 2017, Rich Miller writing for Bloomberg proclaimed The Fed Has an Inflation Expectations […]
Rate Hike Cycles, Gold, and the “Rule of Total Morons”
Rate Hike Cycles, Gold, and the “Rule of Total Morons” In response to Janet Yellen’s everything is OK speech following today’s balance sheet reduction notice by the FOMC committee, I received an interesting set of comments from Pater Tenebrarum at the Acting Man Blog regarding rate hike cycles, gold, and stock market peaks. “Rule of Total […]
Long-Term Mortgage Delinquencies Seriously Under-Reported
Long-Term Mortgage Delinquencies Seriously Under-Reported Keith Jurow, a real estate analyst and author of the Capital Preservation Real Estate Report, pinged me a few days ago with his analysis that suggests long-term mortgage delinquencies are seriously under-reported. Hi Mish, I thought you might be interested in the important clarification I just received from my contact at the […]
Spanish Government Threatens to Seize Catalan Finances to Stop Referendum: Juncker in Hot Water
Spanish Government Threatens to Seize Catalan Finances to Stop Referendum: Juncker in Hot Water In its latest move to stop an October 1 independence referendum, the Spanish Government is Poised to Seize Catalan Finances. Finance Minister Cristóbal Montoro said a mechanism had been approved for the state to take control of the autonomous region’s finances. Madrid […]
“Bad Options” Regarding 2% Inflation Targets (And Other Silly Notions)
“Bad Options” Regarding 2% Inflation Targets (And Other Silly Notions) The Wall Street Journal and Bloomberg both posted ridiculous articles regarding today regarding inflation. The former was on “bad options” the latter on “inflation expectations”. Let’s take a look at both articles because both represent widely believed nonsense. In Bad Options for Addressing Too-Low Inflation, Wall […]
Three Massive Bubbles in 17 Years: When Will This One Bust? A 60% Decline Coming?
Three Massive Bubbles in 17 Years: When Will This One Bust? A 60% Decline Coming? John Hussman’s presents a message no one wants to hear because nearly everyone is too busy believing for the third time in 17 years that “It’s different this time”. Last week Hussman wrote about Valuations, Sufficient Statistics, and Breathtaking Risks. This […]
“10-Year Treasury Yields Headed to Zero Percent” Saxo Bank CIO
“10-Year Treasury Yields Headed to Zero Percent” Saxo Bank CIO In his latest Email article, Steen Jakobsen, Saxo Bank Chief economist and CIO has a bold prediction about interest rates. With nearly everyone, even Janet Yellen at the Fed, predicting wage-induced inflation, Jakobsen makes a bold call in the opposite direction. This is a guest post […]
Panic Buying of Gasoline in Florida, 40% of Miami Stations Out of Gas: Blame Anti-Gouging Laws for Shortages
Panic Buying of Gasoline in Florida, 40% of Miami Stations Out of Gas: Blame Anti-Gouging Laws for Shortages As Hurricane Irma nears Florida, everyone is in a rush to fill up their tanks. About 40% of the gasoline stations in the Miami-Fort Lauderdale region are now without fuel. Floridians have turned to the Crowd-Sourced ‘Gas Buddy’ App […]
Showdown in Spain: I Wholeheartedly Endorse the Catalonia Independence Vote
Showdown in Spain: I Wholeheartedly Endorse the Catalonia Independence Vote In a move many people thought would never happen, the Catalan parliament approved a referendum that would allow a vote on the region’s independence from Spain. The central government seeks intervention from the Constitutional Court. But short of invasion who is going to stop the vote? The Spanish government […]
