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  • Three Sunday reads [View news story]
    He should have just admitted it: Keynesian economics is simply a "Voodoo Science".
    Mar 23 10:02 AM | Likes Like |Link to Comment
  • Japan exports grow less than expected in September [View news story]
    yen off 27% yoy

    mutual fiat destructionnnnnnnnnnnnnn
    Oct 20 11:10 PM | Likes Like |Link to Comment
  • Japan exports grow less than expected in September [View news story]
    Bullet point 1 & 2..............WTF????...
    Oct 20 10:58 PM | Likes Like |Link to Comment
  • Caterpillar: 15% Dividend Increase Makes It A Buy [View article]
    what IF the commodity supercycle really is over? what if Sany, Komatsu and all the others begin to wage price war because of all the currency gyrations?

    ZIRP has the consequence of overbuilding capacity in everything. 13 years later mining is overbuilt, farming probably close since they are bulldozing rainforests at the rate of 4500 acres/hour.

    revenue down 17% yoy, profit down 50% yoy...the psycho bots can't even move this chart north. cat just had, what, it's 5th major layoff on friday for a total job loss of 3000+ in 6 months? think i'm going to pass and just offer GLTA.
    Jun 16 12:08 PM | Likes Like |Link to Comment
  • Recently, the market learned that youth unemployment in Italy hit 40% in April to go along with a 36-year record high of 12% overall unemployment. Never fear though, Italy's trade union CGIL is out with its estimate of when the Italian economy will recover pre-crisis (un)employment levels: 2076, a mere 63 years from now. (original article[View news story]
    bernanke is drinking gen x's milkshake. drinking it all up. market won't go anywhere for ten years once this blitzkrieg of money printing runs it's course.
    Jun 2 03:31 PM | 1 Like Like |Link to Comment
  • With nominal Q1 GDP growth of $140B vs. $340B in new Treasury debt, Liam Halligan wonders just how real the recovery is. [View news story]
    The Fed Uncertainty Principle by Mike Shedlock:

    Fed Uncertainty Principle:
    The fed, by its very existence, has completely distorted the market via self reinforcing observer/participant feedback loops. Thus, it is fatally flawed logic to suggest the Fed is simply following the market, therefore the market is to blame for the Fed's actions. There would not be a Fed in a free market, and by implication there would not be observer/participant feedback loops either.

    Corollary Number One:
    The Fed has no idea where interest rates should be. Only a free market does. The Fed will be disingenuous about what it knows (nothing of use) and doesn't know (much more than it wants to admit), particularly in times of economic stress.

    Corollary Number Two: The government/quasi-gover... body most responsible for creating this mess (the Fed), will attempt a big power grab, purportedly to fix whatever problems it creates. The bigger the mess it creates, the more power it will attempt to grab. Over time this leads to dangerously concentrated power into the hands of those who have already proven they do not know what they are doing.

    Corollary Number Three:
    Don't expect the Fed to learn from past mistakes. Instead, expect the Fed to repeat them with bigger and bigger doses of exactly what created the initial problem.

    Corollary Number Four:
    The Fed simply does not care whether its actions are illegal or not. The Fed is operating under the principle that it's easier to get forgiveness than permission. And forgiveness is just another means to the desired power grab it is seeking.

    Read more at http://bit.ly/10QauAc
    Jun 1 05:45 PM | 2 Likes Like |Link to Comment
  • The U.S. economy may suffer from high unemployment, mediocre productivity gains and stagnant earnings for households, but George Mason University's Tyler Cowen provides five indicators that "the future is starting to brighten." These are: an increase in high-school graduation to 78% in 2010, the most since 1974; the falling cost of further education; slowing healthcare inflation; the "new era of cheap energy;" and the increasing ability of innovators around the world to supply new technology to the U.S. [View news story]
    you can scan either side of this page to take a look at the healthcare layoffs and school closings. the "educator" should do the same:

    http://bit.ly/cBqSqC
    May 26 10:07 AM | Likes Like |Link to Comment
  • The U.S. economy may suffer from high unemployment, mediocre productivity gains and stagnant earnings for households, but George Mason University's Tyler Cowen provides five indicators that "the future is starting to brighten." These are: an increase in high-school graduation to 78% in 2010, the most since 1974; the falling cost of further education; slowing healthcare inflation; the "new era of cheap energy;" and the increasing ability of innovators around the world to supply new technology to the U.S. [View news story]
    needed a good laugh this am and got two:

    educators like this are just a symptom of what ails this country and unfortunatley we have the ability to stay in denial for a much longer time.
    May 26 08:56 AM | 2 Likes Like |Link to Comment
  • More on central bank purchases of stocks: It's a quest for yield as a survey shows 23% saying they own shares or plan to buy them. The SNB - furiously buying up euros for the last 2 years - has taken the money and boosted its equity holdings to about 12% of reserves. The BOJ plans to double its holdings of equity ETFs to $35.2B. Not participating (yet) are the Fed and BOE - neither with a mandate to own shares directly[View news story]
    and just who is the marginal buyer now? this thing will crash. CBs feeding off of utiilities, MLPs and REITS. just freaking pathetic.
    Apr 25 01:45 PM | Likes Like |Link to Comment
  • More on central bank purchases of stocks: It's a quest for yield as a survey shows 23% saying they own shares or plan to buy them. The SNB - furiously buying up euros for the last 2 years - has taken the money and boosted its equity holdings to about 12% of reserves. The BOJ plans to double its holdings of equity ETFs to $35.2B. Not participating (yet) are the Fed and BOE - neither with a mandate to own shares directly[View news story]
    maybe not the fed but what about the treasury. stupid freaking reporters can't ask a decent question. WHAT ABOUT "THE PRESIDENTS WORKING GROUP ON THE MARKETS".......
    Apr 25 01:38 PM | Likes Like |Link to Comment
  • "I don't see pervasive evidence of rapid credit growth, a marked buildup of leverage, or significant asset bubbles that would threaten financial stability," says Fed Vice-Chair (and possible successor to Bernanke) Janet Yellen in introductory remarks at a panel discussion on monetary policy. In the event of a dangerous buildup, she would prefer to address it with supervision and regulation rather than the "blunt tool" of monetary policy. [View news story]
    tell her to put her money where her mouth is then. PUT HER RETIREMENT INTO SPG..........
    Apr 16 03:22 PM | Likes Like |Link to Comment
  • More on Dijsselbloem: "Careless talk costs lives," writes the FT's Paul Murphy of the new Eurogroup head, "and it's about time it cost you your job." His "template" statement is "direct advice to dump bank det. And it's a direct invitation to speculate that the EESF, the ESM ... is going to be discarded in favor of calling on depositors' money across the Continent." [View news story]
    "careless talk" = forgetting to lie.
    Mar 25 03:18 PM | 1 Like Like |Link to Comment
  • The Eurogroup expects a new proposal from Cyprus quickly, but will take its time about an answer. According to the complete statement following the conference call, a Troika analysis would be necessary, during which time the Cypriot parliament would be expected to begin passing whatever legislation is necessary. "The Eurogroup reaffirms the importance of fully guaranteeing deposits below €100K." [View news story]
    >> "The Eurogroup reaffirms the importance of fully guaranteeing deposits below €100K."

    ======

    This is after the world choked on their coffee on saturday when they heard the eu REALLY wanted to scalp everybody. Liars, cheats, thieves=Sociopaths.
    Mar 21 04:49 PM | 1 Like Like |Link to Comment
  • Not horsing around: Congress wants to revive a ban on horse meat processing in the U.S. to prevent companies from opening slaughterhouses to export horse meat. A more interesting development developing from the meat scandal in Europe is the prospect that beef suppliers (TSN, SFD, Cargill) in the U.S. could see a boost in output. [View news story]
    or just legalize it and let people eat what they want. i read the other day that 185 restaurants in France are licensed to prepare the meat and in some upscale restaurants too. but that would be much too libertarian an idea for the matrix we live in.
    Mar 15 01:39 PM | Likes Like |Link to Comment
  • Shares of Intuitive Surgical (ISRG -11%) plunge at the close on news that it's being probed by U.S. regulators over the safety of its robots. The regulators have contacted surgeons at key hospitals, requesting that they list any complications they may have seen with ISRG's surgical robots. [View news story]
    yeah but asking a surgeon if anything ever went wrong is like asking bernie madoff if the market is legit.
    Feb 28 04:39 PM | 1 Like Like |Link to Comment
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