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Tag Archives: Wall Street
Delusional America
Delusional America Robert Parry is one of my favorite columnists. He is truthful, has a sense of justice, and delivers a firm punch. He used to be a “mainstream journalist,” like me, but we were too truthful for them. They kicked us out. I can’t say Parry has always been one of my favorite journalists. […]
Occupied by Wall Street – The Latest TARP Taxpayer Screw-Job is Revealed
Occupied by Wall Street – The Latest TARP Taxpayer Screw-Job is Revealed The Treasury-created market has benefited a few savvy investors, while saddling taxpayers with a loss. Three private funds, which the report didn’t name, have won almost half the shares available at auction, often netting either a profit on paper or on the resale, according […]
Consumer Companies Issue Most Negative Guidance Ever, Despite Lower Gasoline Prices
Consumer Companies Issue Most Negative Guidance Ever, Despite Lower Gasoline Prices But the oil-price crash was supposed to goose consumer spending. The price of oil continues to crash relentlessly. WTI trades at $49.80 as I’m writing this on Monday after hours, down 5.5% for the day, and down 54% since June 2014. The oil-price plunge is eating […]
SAYONARA GLOBAL ECONOMY
SAYONARA GLOBAL ECONOMY “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.” –Ludwig von […]
Wall Street Heathens: How Their Greed And Gambling Became The Axe Of Statist Policy | David Stockman’s Contra Corner
Wall Street Heathens: How Their Greed And Gambling Became The Axe Of Statist Policy | David Stockman’s Contra Corner. One of the most unfortunate acronyms ever invented was BRIC. It supposedly embodied an epoch-defining ignition of capitalist growth and prosperity in Brazil, Russia, India and China. And these leading paragons were held to be emblematic of a general economic […]
Oil-Bust Contagion Hits Hedge Funds, Supplier Layoffs Begin | Wolf Street
Oil-Bust Contagion Hits Hedge Funds, Supplier Layoffs Begin | Wolf Street. Toxic mix of financial engineering and oil-price collapse. It started a few weeks ago. I’d hear from guys here or there in the oil patch who’d just been laid off. That contrasts with the prior anecdotes of hiring binges. A trickle of anecdotal evidence […]
Cheap oil is an opportunity we can’t afford to burn — Transition Voice
Cheap oil is an opportunity we can’t afford to burn — Transition Voice. The stunning plunge in oil prices – almost 45% since June – has roiled the global oil markets; creating new winners and losers almost overnight. It has also unlocked a number of potential problems and opportunities we would be wise to consider. […]
Will they Hang Bankers Again on Wall Street? | Armstrong Economics
Will they Hang Bankers Again on Wall Street? | Armstrong Economics. What took place in Washington over the past two weeks with the repeal of Dodd Frank and then the effective repeal of the Volcker Rule sounds strikingly familiar to at least three previous periods in American History that led to total disaster. There were of […]
I’m Not Buying It——Not The Wall Street Rip, Nor The Keynesian Rap | David Stockman’s Contra Corner
I’m Not Buying It——Not The Wall Street Rip, Nor The Keynesian Rap | David Stockman’s Contra Corner. First comes production. Then comes income. Spending and savings follow. All the rest is debt…….unless you believe in a magic Keynesian ether called “aggregate demand” and a blatant stab-in-the-dark called “potential GDP”. I don’t. So let’s start with a pretty […]
PIGMEN WIN AGAIN « The Burning Platform
PIGMEN WIN AGAIN « The Burning Platform. “The real owners are the big wealthy business interests that control things and make all the important decisions. Forget the politicians, they’re an irrelevancy. The politicians are put there to give you the idea that you have freedom of choice. You don’t. You have no choice. You have […]
The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge
The Crude Crash Comes To Wall Street: Counterparty Risks Rear Their Ugly Heads Again | Zero Hedge. In late 2006, default rates on lower-rate subprime private MBS began to rise considerably. Though not a very transparent market to the mainstream media-watching world, bankers knew trouble was brewing as this had not happened before in such a […]
The Best Government Wall Street and the Billionaires Can Buy | Miles Mogulescu
The Best Government Wall Street and the Billionaires Can Buy | Miles Mogulescu. The past few days have provided vivid evidence that the U.S. government has become a wholly-owned subsidiary of Wall Street and other wealthy special interests and no longer a government of, by, and for the people. It’s only five weeks since the 2014 mid-term […]
Russia Warns May Send Troops To Ukraine After Congress Unanimously Votes To Give Lethal Aid To Kiev | Zero Hedge
Russia Warns May Send Troops To Ukraine After Congress Unanimously Votes To Give Lethal Aid To Kiev | Zero Hedge. While the market, and America’s media, was focusing over the passage of the Cromnibus, and whether Wall Street would dump a few hundred trillion in derivatives on the laps of US taxpayers once again (it […]
Russia Warns May Send Troops To Ukraine After Congress Unanimously Votes To Give Lethal Aid To Kiev | Zero Hedge
Russia Warns May Send Troops To Ukraine After Congress Unanimously Votes To Give Lethal Aid To Kiev | Zero Hedge. While the market, and America’s media, was focusing over the passage of the Cromnibus, and whether Wall Street would dump a few hundred trillion in derivatives on the laps of US taxpayers once again (it […]
H.R. 4681 Passes Congress – Justin Amash Calls It: “One of the Most Egregious Sections of Law I’ve Encountered During My Time as a Representative” | Liberty Blitzkrieg
H.R. 4681 Passes Congress – Justin Amash Calls It: “One of the Most Egregious Sections of Law I’ve Encountered During My Time as a Representative” | Liberty Blitzkrieg. Decency, security, and liberty alike demand that government officials shall be subjected to the same rules of conduct that are commands to the citizen. In a government […]
