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  • Don't Just Follow The Money - Follow The Income [View article]
    Well-conceived points that are amazingly little-noticed in these times of by far the greatest yet still-expanding debt-berg ever created, worldwide. GDP and income accounting generally should take into account whether it is propped up by debt and is shrinking even as debt expands alarmingly as it is in most of the West.

    Amazingly even though the end of ZIRP must come sooner or later, one way or the other which will make debt service by far too many nations, major corporations on share-repurchase binges and individuals either difficult or impossible, debt is studiously ignored for the existential threat it truly is at these levels.
    Dec 29, 2014. 08:06 PM | Likes Like |Link to Comment
  • The Keynesian End Game Crystalizes In Japan's Monetary Madness [View article]
    "And so Mr. Stockman is beating a dead horse in this article."

    Perhaps there is still time for the US and others to wake up and run as far and as fast as possible from the quackery of MMT and Dr. Krugman. Clearly this is a terminal debt trap when it reaches a certain level; how come the likes of Pompano Frog and anybody else with a presumably functioning frontal cortex cannot see something so obvious?
    Dec 29, 2014. 07:48 PM | 11 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    "Total, the US Treasury directly and indirectly made half a trillion in profits 'socializing losses'. You should be so successful with your own losses..."

    With success like that, it appears that everybody should be advocating more Wall Street meltdowns and bailouts. Wouldn't enough of those restore Washington's balance sheet?
    Dec 29, 2014. 12:24 PM | 2 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    John Wilson - Good luck arguing with the arrogant sense of entitlement advanced by the likes of MWinMD. They are often educated fools who will never tire of making distinctions without a difference while endlessly advancing any ultimately counterproductive increase in bondage to the collective that is labeled a "solution" towards their ever-metastasizing theologically-held secular causes.

    They are spawned in academia and find proliferating employment in bureaucracy, academia and MSM where common sense and actual results don't matter except to increase "demand" for their services to mitigate endless "unintended consequences" in the real world that are the inevitable result of their crackpot endeavors.
    Dec 28, 2014. 06:45 PM | 5 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    "How do we get to trillions in losses?"

    30/1 leverage will do nicely. TBTF Wall Street will find a way as long as they figure they will be bailed out, bonuses intact.
    Dec 28, 2014. 05:27 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Inflation, Output Data Deal Blow To Abe [View article]
    "Japan's in trouble and i see nothing that will work."

    Remember, the 2-1/2 decades of apparently terminal malaise started with their stock market meltdown in the late 1980's that was papered over with bank bailouts which resulted in the same type of zombie TBTF institutions we see today in the US which are were given a reprieve from marking their portfolios to market and now Congress just officially put the taxpayers on the hook again to bail out these banks' gambling debts with depositor accounts when their leveraged losses in the oil markets surface.

    True price discovery and free and honest markets are a necessity for the type of capitalism that lifts societies and results in widespread progress and prosperity. Japanese-style bailouts result in empowering crony capitalists who exist on handouts and special dispensations from the state which then furthers it's counterproductive bloat in an unholy alliance, and in endless malaise for the larger economy.
    Dec 26, 2014. 08:13 AM | 13 Likes Like |Link to Comment
  • Wall Street Breakfast: OPEC Producers See Oil Above $70 By End-2015 [View article]
    "If they can get the stock to increase in value over 50% in two years, they deserve to be rewarded."

    Not so sure rewarding executives for stock price increases is so valid when it is derived from corporate stock buybacks from issuing debt. Similarly, debt needs to be accounted for in GDP calculations. Issuing debt that results in vast value destruction will stop one way or the other, unfortunately for our society, it looks like the involuntary route has been pre-selected by our "leaders" and sold-out and brainwashed masses.
    Dec 24, 2014. 11:16 AM | Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    WMARKW - Just realize that JasonC and Jim Myrtle are not interested in getting at the truth or in true markets and price discovery, but rather in tirelessly defending the "capitalist" cronies who profit most from the special rules and dispensations that put them above the law when unconscionable cost shifting and even fraud has been committed on their behalf by any rational definition.
    Dec 24, 2014. 09:26 AM | 5 Likes Like |Link to Comment
  • Liquidity And Bubbles As Systems Theory; Or Inevitability [View article]
    Normalcy to our policymakers is now serial bubbles. The article makes complete sense of the otherwise senseless addiction to doing more of the same debt-financed status-quo while desperately cheerleading and grasping at any straw that may label their monumentally stupid blunders, "success."

    Of course, by following the money we see that as long as the fiat dollars that are threatened by long term terminal debasement by wantonly derelict official policies are flowing to the approved status quo interests, notably to politicians and their benefactors, these policies are set to continue as are the lies that support their continuance.
    Dec 24, 2014. 09:17 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: OPEC Producers See Oil Above $70 By End-2015 [View article]
    "After losing more than a third of its market value this year, Mattel (NASDAQ:MAT) is trying to beef up its creative side, eliminating its "conference room" culture....removing some redundant layers of management, to free up money for developing new products and marketing"

    In a culture and society with far too much managerial padding and compensation at the very top, this path to effectiveness and creativity needs more attention. Especially in government, which really exists to serve it's own constituents - it's workforce and lobbying groups - rather than deliver an effective service at a real-world cost to the taxpayer. When printing dollars and expanding the public debt is no longer a viable option, even our enormously bloated and ineffectual (to taxpayers) government will have to find ways to do more with less.
    Dec 23, 2014. 11:01 AM | 4 Likes Like |Link to Comment
  • Peak What? Christmastime In Hell? Part 1 [View article]
    Thanks for this and previous most interesting articles that offer such insightful glimpses behind the curtain of manipulated stock and bond "markets." This gives investors significant warning and clues before the headline bubbles of bonds and major corporate stocks succumb to the end of ZIRP, endless bonus-enhancing stock buybacks and taxpayer balance sheet expansion.
    Dec 23, 2014. 07:46 AM | 5 Likes Like |Link to Comment
  • Russian Roulette: Taxpayers Could Be On The Hook For Trillions In Oil Derivatives [View article]
    "Jason, this is just another of hundreds of articles warning
    "folks" of another derivative disaster. Why do they never happen?"

    I guess that means, "another" derivative disaster (yes, there was the first one in 2008), hasn't happened...yet, but as the article correctly points out, TBTF banksters and Congress have just made sure the taxpayers will be called upon when the next one arrives. Who better to indicate the imminence of this event than Jamie Dimon himself, appearing before Congress just as crude oil has dropped 50% putting dodgy loans and counterparties at risk, to hold taxpayers hostage once again for Wall Street gambling losses with depositor accounts.
    Dec 22, 2014. 07:47 PM | 3 Likes Like |Link to Comment
  • Credit Doesn't Care At All What The FOMC Says [View article]
    j6813f - "Discounting the impossible" is an interesting view of the vastly reduced chance that remains to extricate Western economies and societies out of the mess the status quo authorities and parasites have made of their balance sheets in the name of promoting "recovery." As the article correctly points out, there has been no true recovery and thus Western societies are even less able to support their exploding debts than they were before ZIRP and QE et al, and the recent strength of the dollar may well not provide time for an actual recovery as overseas economies and thus markets, vaporize

    Meanwhie, there is a reason Jamie Dimon went before Congress this last week to use his vast moral authority with his fellow partners in crime to ensure that taxpayers are on the hook to bail out TBTF Wall Street once again for derivatives losses they will soon reveal for their one of their latest capers: Subprime oil loans. Oil, as well as the shaky action in financial "markets" revealed in these articles, are rather large canaries in the coal mine to ignore as large-cap US stocks become increasingly isolated in their state of immaculate ascension.
    Dec 21, 2014. 08:44 PM | Likes Like |Link to Comment
  • Financial Burbling [View article]
    "Burbling" appears entirely evident in a lack of economic lift created by vast and proliferating loans, now either sovereign or ZIRP-fueled financial engineering such as mega-corporate stock buybacks at peak prices since the state of "peak debt" was apparently achieved in/around 2008 in the West.

    Most of the pseudo-scientific babbling engaged in by MMT adherents and Keynesians is merely quackery used to facilitate further extension of a status quo that has never been better for the careers of rentiers, parasites and looters whose economic deadweight and value-destroying activities cannot be truly subsidized by actual producers at the levels they have become accustomed to. Until the undertow of bad debt is actually reduced rather than massively shifted to the taxpayer's balance sheet, and true price discovery is allowed in, dare we hope, financial "markets," Western economies will continue to burble until they crash before there is any recognizable recovery on Main Street.
    Dec 20, 2014. 04:59 PM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: Oil Prices Slide Ahead Of Fed Meeting [View article]
    Interesting Times - Excellent article on that link, "The 'Core Four' Nordic Bank Run!" It explains unusually interesting and credible angles on the latest conflict between the US and Russia and how it can be the tip of the iceberg that leads to a bank run on the non-credible dollar-centric banking system that has likely leased out US and any other nations' gold they could get their hands on.

    Doing enough "dirty business" such as the article cites, creates the conditions for the downfall of even the most powerful and seemingly unassailable people and interests, and that these first opening policy shots may well lead to completely different outcomes and alliances than are customary and expected is laid out plausibly and logically enough to give pause to any complacency that Russia's present travails are the last word in this worldwide shift of power and wealth.
    Dec 17, 2014. 09:13 AM | Likes Like |Link to Comment