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Tag Archives: Wall Street Journal
Visa Trying to Bribe Merchants to Stop Taking Cash
Visa Trying to Bribe Merchants to Stop Taking Cash The war on cash is escalating. A big driver isn’t central banks who want to be able to inflict negative interest rates on savers, or Treasuries who see cash transactions as hiding revenues from their tax collectors, but the payment networks that want to kill cash […]
What’s Wrong With The U.S. Oil Export Boom
What’s Wrong With The U.S. Oil Export Boom The lead editorial in Friday’s Wall Street Journal was pure energy nonsense.’ “Lessons of the Energy Export Boom” proclaimed that the United States is becoming the oil and gas superpower of the world. This despite the uncomfortable fact that it is also the world’s biggest importer of […]
Buy the Dip?
Buy the Dip? The military frolics of spring have distracted the nation’s attention from the economic and financial dynamics that pose the ultimate mortal threat to business as usual. Note the distinction between economic and financial. The first represents real activity in this Land of the Deal: people doing and making. The second, finance, used […]
Bankers, Always the Last to Know
Bankers, Always the Last to Know Commercial real estate is starting to cool, with deal volume last year dropping 10% from 2015 to $493.7 billion, while, as Peter Grant reports for the Wall Street Journal and Grant’s Interest Rate Observer, “the early stages of 2017 have delivered even weaker results: $50.3 billion in transaction value […]
Superhero Snowden Trashed In Absurd WSJ Op-Ed
Superhero Snowden Trashed In Absurd WSJ Op-Ed Edward Jay Epstein has an op-ed in the Wall Street journal promoting his new book “How America Lost Its Secrets: Edward Snowden, the Man and the Theft”. Epstein discusses the Fable of Edward Snowden At the forefront of Epstein’s claims is the fact that Snowden lied. “As he seeks a […]
Stop the Fed Before it Kills Again
Stop the Fed Before it Kills Again Why has the Fed created incentives for US corporations to loot their companies and drive them deeper into debt? Despite four consecutive quarters of negative earnings, weak demand and anemic sales, US corporations continue to load up on debt, buy back their own shares and hand out cash […]
Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits”
Italy Granted “Extraordinary ” €150BN Bank Bailout Program To Prevent “Panic, Run On Deposits” As we noted today, the rumors of an Italian bank bailout, which started on Monday morning, and were promptly shot down by Merkel the next day, got louder after a Reuters report that the Italian government is considering more creative ways to inject liquidity […]
Blackout California
Blackout California The shutdown of the leaking Aliso Canyon underground gas storage facility has caused a loss of about 70bcf of stored gas that Southern California utilities have historically counted on to see them through the hot, high-demand summer months. The California Independent Service Operator (CAISO), which manages the California grid, estimates that as a […]
The Cure is Worse than the Disease
The Cure is Worse than the Disease A Week to Remember Today we look back to the recent past with singleness of purpose. Context and edification for the present economy is what we’re after. We have questions… How come the recovery has been so weak? Why is it that, nearly seven years after the official […]
Why is the MSM Covering Up Recessionary Data?
WHY IS THE MSM COVERING UP RECESSIONARY DATA? The Census Bureau put out their monthly retail sales report this morning. During good times, the MSM would be hailing the tremendous increases as proof the consumer was flush with cash and all was well with the economy. Considering 70% of our GDP is dependent upon consumer […]
Gold: Still Misunderstood
Gold: Still Misunderstood Myths That Just Won’t Die Gold just had its best quarter in 30 years. Not surprisingly, gold bears are coming out of the woodwork en masse in the mainstream media and the analyst community (see e.g. this recent write-up by Mish on the Goldman Sachs analyst who has been screaming “short gold” since right before it started […]
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals
Was There A Run On The Bank? JPM Caps Some ATM Withdrawals Under the auspices of “protecting clients from criminal activity,” JPMorgan Chase has decided to impose capital controls on . As WSJ reports, following the bank’s ATM modification to enable $100-bills to be dispensed with no limit, some customers started pulling out tens of thousands of dollars at […]
U.S. Troops on Russia’s Borders
U.S. Troops on Russia’s Borders Official Washington’s hype about “Russian aggression” has cloaked a U.S. military buildup on Russia’s borders, possibly increasing risks of escalation and even world war, explains ex-CIA analyst Paul R. Pillar. U.S. military deployments to Eastern Europe are being ramped up. The latest word as reported by the Wall Street Journal is that regular rotation of […]
How Stupid Do You Have To Be To Let This Happen?
How Stupid Do You Have To Be To Let This Happen? Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast […]
Wall Street Bankers and Lobbyists Move to Ensure Industry Continues to Regulate Itself
Wall Street Bankers and Lobbyists Move to Ensure Industry Continues to Regulate Itself Not content with continued prosecutorial immunity and trillions in taxpayer bailouts and backstops, Wall Street banksters are making moves to ensure they regulate themselves. In case you’re still wondering who the real owners of this country are… The Wall Street Journal reports: ORLANDO, Fla.—Wall Street’s top […]
