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Tag Archives: Wall Street
Forget the New World Order, Here’s Who Really Runs the World
Forget the New World Order, Here’s Who Really Runs the World For decades, extreme ideologies on both the left and the right have clashed over the conspiratorial concept of a shadowy secret government pulling the strings on the world’s heads of state and captains of industry. The phrase New World Order is largely derided as a sophomoric […]
History Doesn’t Go In a Straight Line
History Doesn’t Go In a Straight Line Noam Chomsky on Bernie Sanders, Jeremy Corbyn, and the potential for ordinary people to make radical change. Noam Chomsky in 2011. Andrew Rusk / Flickr Throughout his illustrious career, one of Noam Chomsky’s chief preoccupations has been questioning — and urging us to question — the assumptions and […]
Is cheaper driving here to stay?
Is cheaper driving here to stay? Gasoline may stay cheap until we burn through the current market glut in perhaps a year. We are now seeing declining growth and a deflationary economic contraction globally. In fact, the current $40-plus a barrel oil price is by itself good proof of that. The global collapse in the […]
Will The Fed Pick A Winning Combination?
Will The Fed Pick A Winning Combination? It’s highly amusing to read all the ‘expert’ theories on a Federal Reserve hike or no hike tomorrow, but it’s also obvious that nobody really has a clue, and still feel they should be heard. Don’t know if that’s so smart, but I guess in that world being […]
Today Is the Last Day of Trading on Wall Street Before Shemitah Ends… What Will Happen This Time?
Today Is the Last Day of Trading on Wall Street Before Shemitah Ends… What Will Happen This Time? This isn’t meant to be another one of those scary September 2015 stories, but we can’t just completely ignore history either. Today isn’t just the 14th anniversary of the September 11, 2001 attacks. It also happens to […]
Fourth Turning: Crisis of Trust
Fourth Turning: Crisis of Trust “Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where the eruption will go once it bursts free of the channels is like trying to predict the exact fault […]
Why The Keynesian Chorus Is Cackling Like Chicken Little
Why The Keynesian Chorus Is Cackling Like Chicken Little This is getting way too stupid. The Keynesian Chorus has launched a full blast trilling campaign, emitting a shrill cackle of warnings against a Fed rate hike. Yes, 80 months of pumping free money into the canyons of Wall Street is not enough. Why? Well, this is hard to type with a straight […]
David Stockman Sums It All Up In 3 Minutes
David Stockman Sums It All Up In 3 Minutes Stockman unleashes truthiness hell on Bloomberg TV: “Federal Reserve [actions] will have disastrous long-term consequences… when you deny price-discovery in the market for so long, it is a massive subsidy to speculation… In an era of peak debt, the only thing zero interest rates achieve is create an […]
“Liars Loans” are Back…but with a Twist
“Liars Loans” are Back…but with a Twist Most of you will be intimately familiar with the roll “liars loans” played in last decade’s financial crisis. In a nutshell, these were loans in which the borrower was encouraged to lie about his or her income in order to qualify for a mortgage they couldn’t actually handle. […]
Corporate foie gras
Corporate foie gras One of the arguments put forth in the bull vs. bear debate is that the solidity of US non-financial corporations have never been stronger. The amount of cash held by non-financial corporations has risen 150 per cent since the depth of the crisis in 2009. With such a massive cushion to stave […]
Institutional Aggression, Superfluous Planners and Predictions
Institutional Aggression, Superfluous Planners and Predictions Pretense of Knowledge Wall Street breathlessly awaits the newest payrolls report, which is widely held to contain the information needed for the FOMC to decide whether or not it should raise the overnight interbank lending rate from zilch to zilch plus a few basis points later this month. photo […]
Will Uncle Sam Confiscate Gold Again?
Will Uncle Sam Confiscate Gold Again? Investors suffered financial losses in recent weeks as stocks globally came under pressure in August and had their worst month in the last three years. In one of the most volatile trading periods since the global financial crisis, August saw a massive $5.7 trillion erased from the value of stocks […]
Why the Federal Reserve should be audited
Why the Federal Reserve should be audited Janet Yellen and Ben BernankePhoto: AP (2) It is time for a comprehensive audit of Janet Yellen ’s Federal Reserve — and not just for the reasons presidential candidate Rand Paul and others have given. The Fed needs to be audited to see if its ruling body has broken […]
