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  • 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
  • Go Back To Living The Lie [View article]
    "Starting in the late 1990's (due to the massive shift in shadow operations in the 1980's then augmented by Basel rules and FOMC policy) the financial system eschewed that traditional limitation and instead began to engineer and transform junk collateral into "quality" collateral."

    That sentence neatly sums up the central lie of the financially-engineered economy and gives a clear explanation of how unsustainable a system is that elevates junk assets into "quality" collateral (and leverages it to the hilt).

    The paper gains, yes, often vast to date, of those who always buy the dips has created a rabidly-defended adherence and advocacy of the economic house of lies that underlies the Wall Street Casino that will not yield to reason but only to a collapse of the debt-financed and leveraged house of cards that is this greatest ponzi of all time.
    Dec 16, 2014. 09:57 AM | 2 Likes Like |Link to Comment
  • IBM Is Playing A Game Of Hot Potato With Goodwill [View article]
    "Again, IBM has a customer and employee-owner relationship problem. It may take a while for this to expose itself, but without a change it will eventually. Such is capitalism at work."

    Standard-issue American MBA multinational corporate plunderers have had the best of all possible times to perpetrate their craft since the 1980's where every policy adjustment handed them the keys to an even more fabulous personal fortune which has become their entitlement just for being part of the elite club in the C-suite. IBM is a particularly unfortunate case because of it's storied past, but customers and workers do figure out that they are in a very bad place when dealing with such managements and do take steps to avail themselves of opportunities that will arise from the options the market will develop in response to the heightened need created when they are ill-served.

    Ebay might be a somewhat comparable case in point: Similarly it is not unprofitable but it has alienated and gouged it's core base of small sellers since John Donahoe became CEO in 2008 and relegated the Ebay marketplace, once synonymous with E-commerce, into an afterthought as compared to formerly midget rivals, Amazon and Alibaba. Lazy and exploitive short-term bonus-enhancing gimmicks last only so long and that rope may be finally growing short at the expense of many formerly great corporations and even nations.
    Dec 15, 2014. 09:54 AM | 3 Likes Like |Link to Comment
  • For Some, The Tyranny Of Free Markets [View article]
    "Better to rule in stagnation than serve in broad success."

    Deserves to be an immortal description of the present utterly debased and corrupt status quo. However, until the eternal salvation promised by omnipotent central banksters is truly discredited and seen as actually worse than true markets and price discovery, the staggering sums of financial rewards reaped by this system's insiders and successful players will continue to direct politicians, academics and MSM away from the interests of the now-irrelevant remnants of the privately-employed American middle class.
    Dec 14, 2014. 01:48 PM | Likes Like |Link to Comment
  • BUBBLEOMIX Says Oil Will Bottom At $60 Brent And Won't See $90 Until 2018: Meanwhile The Saudi's Are Saying 'Thank You Very Much' [View article]
    Thanks for the article; I am inclined to buy this explanation and the great insight about Saudi motivation and intention to refurbish their wells at bargain rates now. Will look to apply BUBBLEOMIX in other situations for fun and hopefully profit as well.

    Of course markets can stay "wrong" longer than we can remain solvent and figuring intrinsic value and real turning points often remains a challenge.
    Dec 12, 2014. 08:47 AM | 1 Like Like |Link to Comment
  • Sell, Sell, Sell... The Central Bank Madmen Are Raging [View article]
    "TARP made a profit for the US Treasury, rather than costing the taxpayer anything."

    If indeed the all-in costs of government and Fed policies and actions made buying the dip profitable once again, which seems doubtful given the extremes of monetary and fiscal contortions necessary to reflate the tottering debt ponzi in 2008, don't the taxpayers deserve a better shake than mere "breakeven," given the risks they assumed and the type of deal any Wall Street financier would have driven were the roles reversed?

    Benefits have been obviously asymmetric during this "recovery," and with any more of those increasingly costly Wall Street serial debacles Main Street Americans won't be able to discern the incredibly overpriced "benefits" of "rescue" through a microscope despite the heroic efforts of ever-present and tireless government statisticians and academic and MSM cheerleaders.
    Dec 11, 2014. 12:15 PM | 1 Like Like |Link to Comment
  • Sell, Sell, Sell... The Central Bank Madmen Are Raging [View article]
    "Then why were you so hip on using draconian measures to get rid of them. Why are you so desparate to get gov regulations to stop all the horrid collapses you lay at the feet of free markets which you keep claiming don't exist."

    "You need to get your story straight. The contradiction is an indication of fraud."

    Precisely. Whenever the "right" people suffer the horror of defaults on leveraged notes carelessly or fraudulently written by their TBTF Wall Street interests, JasonC claims the taxpayer must step in by divine right of kings to make good the bad debts so that their casino can continue to function. Yet somehow he labels the whole charade a "free market" although he can't apparently decide whether or not to admit they don't exist.
    Dec 11, 2014. 11:08 AM | 2 Likes Like |Link to Comment
  • IBM Is Playing A Game Of Hot Potato With Goodwill [View article]
    djmand1 - Actually it is refreshing and necessary for descriptions to reach the layman level, or "feet on the ground" as the author might say, since leaving accounting to the accountants has not benefitted the US economy any more than leaving war to the generals would be.

    Actually, since generals err on the side of achieving their goal winning a conflict regardless of collateral damage whereas accountants, like all professionals, err on the side of dissembling to achieve an unwarranted sense of mystery and hence, higher fees for themselves while escaping blame via opaque concepts and words, generals might be more trustworthy. Accounting shenanigans have aided the financialism that is wrecking great corporations and a once-great country with hardly a peep from the profession, and an explanation of it's alleged shortcomings rather than a blanket condemnation of the article might be a good place to start.
    Dec 9, 2014. 10:31 AM | 7 Likes Like |Link to Comment
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