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Tag Archives: cnbc
The Fed Induced Farce
The Fed Induced Farce The minutes from the last Fed meeting were released on Wednesday afternoon. The minutes, along with a squadron of jabbering Fed heads lying about the economy doing great, pretty much locked in the most talked about .25% interest rate increase in world history. Evidently the Wall Street titans of greed have […]
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession
Ignore the Media Bullsh*t–Retail Implosion Proves We Are In Recession Here we go again. The dying legacy media will continue to support the status quo, who provide their dwindling advertising revenue, by papering over the truth with platitudes, lies, and misinformation. I have been detailing the long slow death of retail in America for the […]
David Stockman On CNBC: ‘We’re On The Fiscal Titanic”
David Stockman On CNBC: ‘We’re On The Fiscal Titanic” A government shutdown would force Congress to address fiscal issues before they reach unmanageable levels, a former Reagan administration official contended Wednesday. “We’re on the fiscal Titanic and we’re going to hit something hard and immovable one of these days,” said David Stockman, director of the […]
Why Don’t You Explain this to Me Like I’m 5….
Why Don’t You Explain this to Me Like I’m 5…. Soc Gen’s global head of research, Patrick Legland, has gone on record, according to a MarketWatch article yesterday as saying that the selloff in developed equity markets has gone too far, and he provides reasons to support his claim. First, he suggests the Chinese market […]
Will the Fed Hesitate? “Everything is Too Vulnerable” for Rate Change, Says Ron Paul
Will the Fed Hesitate? “Everything is Too Vulnerable” for Rate Change, Says Ron Paul The system is teetering on edge, and nearly everyone in the financial sector is waiting for one decision – will the Fed finally raise rates? Ron Paul has made a bold prediction that the Federal Reserve likely will NOT raise interest […]
The Punch Bowl Stays And The Bubble Keeps Inflating
The Punch Bowl Stays And The Bubble Keeps Inflating It is well known that I don’t think much of the ability of government officials to correctly forecast much of anything. Alan Greenspan and Ben Bernanke have made famously clueless predictions with respect to stock and housing bubbles, and rank and file Fed economists have consistently overestimated […]
Why the Fed Will Crash the Economy If It Hikes Rates: In Three Charts
Why the Fed Will Crash the Economy If It Hikes Rates: In Three Charts If you’ve been scratching your head since the middle of last year as consumer confidence surveys depicted an optimistic, eager to spend consumer while other hard economic data was showing a sputtering economy, we’re here to put your mind to rest. […]
Money Worries
Money Worries The cynicism among the informed classes has never been so deep. Even the pompom boys in the cheerleading clubs like CNBC and The Wall Street Journal express wonderment at the levitation of stock indexes and bond values. They chatter about a “correction” of 20 percent being a healthful tonic that would clear away some […]
The Economic Wall Dead Ahead Is Hidden Behind False Signs Of “Recovery”
The Economic Wall Dead Ahead Is Hidden Behind False Signs Of “Recovery” This morning I had left the TV mistakenly tuned to CNBC with the sound on—-and unavoidably caught another bullish strategist jawing about the US economy’s awesome strength. This one was peddling as exhibit #1 the recent surge in C&I loans, arguing that it is a sure sign that business is gearing up […]
DANGER WILL ROBINSON
DANGER WILL ROBINSON It’s funny how the truth sometimes leaks out from the government. I’m guessing that Mr. Ted Berg will not be working for the Office of Financial Research much longer. This new agency was created by the Dodd Frank Law and is supposed to protect consumers from the evil Wall Street banks. But […]
T. Boone Pickens Rages On CNBC: “I Am The Expert, Not You”, Says Oil Down Due To “Weak Demand” | Zero Hedge
T. Boone Pickens Rages On CNBC: “I Am The Expert, Not You”, Says Oil Down Due To “Weak Demand” | Zero Hedge. Narrative, we have a problem! No lesser oil-man than T. Boone Pickens made quite an appearance on CNBC this morning – stunning the cheerleaders into first defense then silence as he broke the facts […]
In Defense of Peter Schiff – Ludwig von Mises Institute Canada
In Defense of Peter Schiff – Ludwig von Mises Institute Canada. The financial television channel CNBC has hit hard times. Nielsen ratings show the network’s viewership is at a 21 year low. This is a far cry from two decades ago. The dot-com bubble of the late 90s and early aughts gave the channel its highest […]
