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Impaled On Its Own Petard——The Fed’s Folly Festers Further
Impaled On Its Own Petard——The Fed’s Folly Festers Further Listening to even a small portion of Simple Janet’s incoherent babble makes very clear that the nation’s central bank is well and truly impaled on its own petard. According to the dictionary, the latter term refers to….. …….. a small bomb used for blowing up gates and walls when breaching […]
Here Comes The Big Flush—–Recession Pending, Fed ‘Put’ Ending
Here Comes The Big Flush—–Recession Pending, Fed ‘Put’ Ending Talk about sheep being led to the slaughter. The S&P 500 is up 11% from its February 11th intra-day low (1812) because Wall Street still has inventory to unload. That much is par for the course. Yet the signs of an impending macroeconomic and profits implosion are now so overwhelming […]
The World Economy Wreckers Of Beijing
The World Economy Wreckers Of Beijing The desperate suzerains of the Red Ponzi are incorrigible. There appears to be no insult to economic rationality that they will not attempt in order to perpetuate their power, privileges and rule. So now comes the most preposterous gambit yet. Namely, a veritable tsunami of state handouts to foster, yes, capitalist […]
Why This Sucker Is Going Down——The Case Of Japan’s Busted Bond Market
Why This Sucker Is Going Down——The Case Of Japan’s Busted Bond Market The world financial system is booby-trapped with unprecedented anomalies, deformations and contradictions. It’s not remotely stable or safe at any speed, and most certainly not at the rate at which today’s robo-machines and fast money traders pivot, whirl, reverse and retrace. Indeed, every day there are new ructions […]
The Price Isn’t Right——-How Central Banks Are Fixing To Ambush The Casino
The Price Isn’t Right——-How Central Banks Are Fixing To Ambush The Casino The casino is incorrigible. After a monumental short squeeze that has lifted the averages right into the jaws of danger, Goldman Sachs has the temerity to print the following: “Our model suggests SPX calls are more attractive than at any time over the past 20 years”. […]
The G-20s Big Fat Zero——Now Comes The Bubble’s Demise!
The G-20s Big Fat Zero——Now Comes The Bubble’s Demise! The tens of millions of taxpayer money wasted at the G-20’s Shanghai soirée had a silver lining. The assembled masters of world finance came up with a big fat zero on the coordinated global stimulus front. So doing, they essentially admitted that their money printing central banks are out of dry powder (“…but monetary […]
Here Comes The Red Swan And Other Reasons To Be Very Afraid
Here Comes The Red Swan And Other Reasons To Be Very Afraid The Red Chip casino took another one of its patented 6.5% belly flops last night. In fact, more than 1,300 stocks in Shanghai and Shenzhen fell by 10%—the maximum drop permitted by regulators in one day—–implying that the real decline was far deeper. This renewed carnage was the […]
Financial Time Bombs Hiding In Plain Sight
Financial Time Bombs Hiding In Plain Sight The bear will soon be arriving in earnest, marauding through the canyons of Wall Street while red in tooth and claw. Our monetary central planners, of course, will once again—for the third time this century——be utterly shocked and unprepared. That’s because they have spent the better part of two decades deforming, distorting, denuding and destroying what were once […]
Silver Linings: Keynesian Central Banking Is Heading For A Massive Repudiation
Silver Linings: Keynesian Central Banking Is Heading For A Massive Repudiation For several years now the small coterie of Keynesian academics and apparatchiks who have seized nearly absolute financial power through the Fed’s printing presses have justified the lunacy of unending ZIRP and massive QE on the grounds that there is too little inflation. The bureaucrats at the IMF […]
Why The Keynesian Market Wreckers Are Now Coming For Even Your Ben Franklins
Why The Keynesian Market Wreckers Are Now Coming For Even Your Ben Franklins Larry Summers is a pretentious Keynesian fool, but I refer to him as the Great Thinker’s Vicar on Earth for a reason. To wit, every time the latest experiment in Keynesian intervention fails——as 84 months of ZIRP and massive QE clearly have—–he can be counted on to trot out […]
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore
The Banking Turmoil Spreads—-Massive Banking Crisis Brewing In Singapore By Singapore Business Review The three biggest banks are losing capital. A crisis of staggering proportions is looming in China, and tiny Singapore will be caught right in the middle of the storm once the disaster finally erupts. Speaking at the annual Barron’s roundtable, Swiss billionaire […]
Take Cover—–Now Comes The Gong Show
Take Cover—–Now Comes The Gong Show It was a bad hair night for the Beltway. Among the roughly 515,000 votes cast in the New Hampshire primaries, about 55% or 280,000 went to Bernie, the Donald and Senator Cruz. That is, the preponderance of Republican, Democrat and independent votes alike went for the anti-establishment candidates. Since the latter are basically […]
The Spook In the Casino—–Recession Just Ahead, Part 1
The Spook In the Casino—–Recession Just Ahead, Part 1 The wise guys keep buying the dips owing to the simple proposition that there is never a lasting bear market without a recession. So after today’s blow-out we are likely to get another call to scoop up the “bargains” because the correction has run its course and […]
The War On Savers And The 200 Rulers Of Global Finance
The War On Savers And The 200 Rulers Of Global Finance There has been an economic coup d’état in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall Street and other financial centers. Unlike Senator Joseph McCarthy, I actually do have a list of their names. […]
Slouching Toward The Dark Side
Slouching Toward The Dark Side Last Wednesday we noted there is something rotten in the state of Denmark, meaning that the world’s great potemkin village of Bubble Finance is unraveling. The evidence piles up by the day. To wit, now comes still another story about the Red Paddy Wagons rolling out in China. This time they are rounding-up the proprietors of a $7.6 […]
