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  • Steve Keen: The Deliberate Blindness Of Our Central Planners (Podcast) [View article]
    Thanks for an enlightening and entertaining interview with such a very interesting and knowledgeable guest, Steve Keen.

    Which leaves the listener who suspects lunatics are running the asylum only further convinced with the solid evidence presented that real-world feedback is so systemically excluded from the models and operative theories of the academics and lawyers who are running the most influential bureaucracies and agencies that there is even more reason to believe that next black swan-dive of the financial system may well lie a fairly short time ahead.
    Mar 31, 2015. 09:43 AM | Likes Like |Link to Comment
  • Thank You, Fed- Warren And Jorge Are Thrilled By Another Play Day In The Casino [View article]
    The broken record is the MSM cheerleading for the disgusting spectacle of ZIRP-financed crony capitalism that has expanded on a bubble ZIRP financing for insiders which will leave taxpayers ultimately holding the bag once again. This time the result will not be "fixable" by smoke and mirrors as every avenue is being monetized and leveraged by insiders. Enjoy your paper gains while you can.
    Mar 27, 2015. 09:58 AM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Crude Surges On Yemen Tensions [View article]
    "Maybe all the layers of unions could be a factor of their sloth like accomplishments."

    And lawyers. The now-amazing amount of practical sharing of resources and common-sense problem solving that was utilized by now-hidebound and bloated bureaucracies that once won WWII and reflected an easily-recognized "can-do" attitude that was long considered a hallmark of Americans has been replaced by the rampant lawsuit-driven and entitlement-seeking behavior by too many that has now mired the US economy in a torpor and mud of seemingly unending stagnation and rising debt.

    Added layers of procedures, steps, requirements, costs and overhead placed on productive domestic private enterprise remain unceasing and it should be obvious to anyone that no amount of moneyprinting, new entitlements, government programs or added rules will bring about a revival of Main Street America.
    Mar 26, 2015. 09:26 AM | 8 Likes Like |Link to Comment
  • Schulman, Wenig to receive $14M in annual pay [View news story]
    Pay inflation at American corporate headquarters on parade.
    Mar 24, 2015. 07:08 AM | 4 Likes Like |Link to Comment
  • Wall Street Breakfast: White House To Unveil Fracking Rules [View article]
    "There's still no word of anybody being fired, but an earlier report suggested that it would be part of the deal."

    The custodians and secretaries should start preparing their resumes and cleaning out their desks and lockers. It's sure nobody high enough in the C-suite to be actually responsible for making decisions will be threatened with any sanctions whatsoever.
    Mar 20, 2015. 09:17 AM | 6 Likes Like |Link to Comment
  • Wall Street Breakfast: White House To Unveil Fracking Rules [View article]
    "Might cure the plunge in crude price and trigger a hike in price of Oil, but government restriction is just another way to gain control on our day to day life, this White House cabinet is soooo hungry for power and control."

    Sooop true, this is yet another unconstitutional grab for power and control by the bureaucrats, kleptocrats and plutocrats who have brought us the world of negative interest rates to subsidize their self-serving world of uneconomic public/private "partnerships" well past the reality of peak debt, endless growing authoritarianism "for our own good," financialism now featuring negative interest rates for elites replete with "bail-ins" by depositors coming to a bank near you when the next leveraged Wall Street implosion arrives.

    And beware accepting their narrative that a "cure" is necessary for lower oil prices. In a world of honest money and markets, lower prices are the natural result of competition among genuine producers. What is needed is the cure of individual and states rights contained in the Constitution for starters and decentralization generally so that countless empty suits who add endless and always mounting costs and complications to our economy and lives via the plunder enabled by centralization, empire building and special favors rather than by providing services and products on an open market for a profit provided by customers free to choose, will be forced to find real work.
    Mar 20, 2015. 07:25 AM | 21 Likes Like |Link to Comment
  • Wall Street Breakfast: Markets Await Fed Policy Decision [View article]
    Laugh Of The Day: "Where banks fail to live up to their commitments, we will hold them accountable," said the DOJ's Leslie Caldwell. "The criminal division will not hesitate to tear up a DPA or NPA and file criminal charges."

    The bill passed to keep Washington bloat funded through the end of 2014 included a MANDATORY bailout provision by the taxpayers for bank losses on derivatives. There is no improvement in the system that privatizes profits and socializes risks for TBTF Wall Street and corporate interests while ensuring that no major figure in any of their debacles faces criminal charges or even personal financial losses for bad or even criminal business practices.
    Mar 18, 2015. 07:06 AM | 8 Likes Like |Link to Comment
  • Wall Street Breakfast: How Low Can Crude Go? [View article]
    "* Non-SA news. 60 Minutes showed how many collect social security for dead relatives and how they found it out proudly."

    "They said they did not put the fixes as they're in low priority."

    You don't get promoted in government for saving the taxpayers money.
    Mar 16, 2015. 08:55 AM | 12 Likes Like |Link to Comment
  • Amazon And Alibaba Cooperation Highlights Difference Between 2 Systems [View article]
    Alibaba charges 3-4% commissions whereas Ebay charges 10% plus 4% for Paypal and Amazon is even higher. The US and the West offer fertile prospects for a global online marketplace that doesn't gouge it's small sellers.

    Price differentials like that are certainly enough of an inducement to lure plenty of business the old-fashioned say; via lower prices that the US corporations forgot about in their typical quest to stick it to everyone possible in order to pad their C-suite bonuses in the short term.
    Mar 13, 2015. 11:47 AM | 8 Likes Like |Link to Comment
  • Nasdaq 5,000 Is Different This Time... But Not In A Good Way! [View article]
    "When you been wrong for 6 years straight, maybe it would a good time to question your assumptions and economic models."

    You must be talking about the lack of results on Main Street produced by "the nation's monetary politburo" via debt-induced policies of extend and pretend orders of magnitude beyond any previous era.

    Since the final results are not yet in it is far too early to call Mr. Stockman "wrong for 6 years straight," if that is the intent. The drug of debt-induced financial asset inflation ultimately borne on the backs of public balance sheets will only continue until con-fidence in this casino game based on smoke and mirrors cannot be sustained.
    Mar 5, 2015. 10:53 AM | Likes Like |Link to Comment
  • Deflation And Consumer Demand: Euro Area Evidence [View article]
    This article supports the common sense notion that if prices are falling and even stagnant incomes faced by most Western citizens besides the 1% can buy more, consumption will rise, and that it is in fact, rising.

    And yes, fear of deflation is mostly pushed by indebted governments and their coital business partners and enablers in the financial sector including CB's whose wildly leveraged balance sheets are now less able to withstand another Wall Street meltdown in the aftermath of the past 6 years of wanton Krugmanite debt spending on worthless "stimulus" to maintain the repressive interests of the status quo.
    Feb 18, 2015. 10:00 AM | 3 Likes Like |Link to Comment
  • Greek financing talks break down [View news story]
    "Consequently, its (Greece"s) word is mud and nobody believes anything it says about anything financial, ever."

    Well, that's not true; politicians, TBTF banks and CB's and all major status interests throughout Europe are continuing to stake their taxpayers futures on backing more loans to deadbeats. Throwing good taxpayer money after bad should have ceased long ago with Greece and, frankly, most Western governments long ago when losses taken would have been much smaller, but the loan origination fees, lush career paths and financial chicanery that can be played with the proliferating financial "instruments" is too tempting to pass up for the status quo interests who have hijacked virtually all Western societies, and hey, it's only the taxpayer's money.
    Feb 17, 2015. 08:59 AM | 1 Like Like |Link to Comment
  • Greece And Euro-Finance Ministers Break Up [View article]
    The most irresponsible parties in the game of Western post-peak debt has been those who have lent out notional fiat notes to insolvent deadbeats everywhere they can be found secure in the knowledge that their status-quo backers in government and multinational corporations would ultimately hold their taxpayers responsible for this unprofessional and often fraudulent conduct.

    Sure, any wino on the street would be happy to take any loan and default forthwith, but the "professionals" who take the origination fees, sell the loan "product" and proceed to leverage it while expecting their societies to underwrite their losses (privatize the profits/socialize the losses) are the true malefactors regardless that they may have hijacked their societies' judges, decisionmakers, media, brains and b**ls.
    Feb 17, 2015. 08:42 AM | 1 Like Like |Link to Comment
  • Why Does Keep Cleaning eBay's Clock? [View article]
    If Ebay were actually serious about making relevant items easier to find, they would dispense with the ridiculous "Best Match" default which requires buyer training to avoid in favor of "Best Price" or "Ending Soonest" which is actually the best way of organizing the time-sensitive auctions and listings that comprise much of the site.

    This is another way of favoring certain large sellers who run the same overpriced items over and over for years and who somehow add useless clutter on the site yet score high on Ebay's seller "ratings" the while leaving casual new potential buyers bewildered as to how to use the site productively. John Donahoe and his BOD are allergic to small sellers because they come from a social stratum that has too much waxed large on financial engineering rather than real-world results thus they are not putting their efforts towards tailoring the site for the best results that could come from incorporating the once-viral support of millions of small sellers that has so completely reversed, with genuine improvements to the site that aren't so transparently about collecting quarterly bonuses at the C-suite from the withering profits of small sellers.
    Feb 15, 2015. 10:20 AM | 1 Like Like |Link to Comment
  • Greece: Are You Finally Ready To Do The Right Thing And Leave The Euro? [View article]
    This article takes dead aim at the problem of the status quo "solution" to Greece's debt problem being "all for nothing but propping up the evil of debt-serfdom to the Greek kleptocracy and the financial royalty of Europe."

    This method of serving up fraudulent financial paper, first deadbeat mortgages, now the exponentially larger bubble of deadbeat sovereign debt to package it and leverage it to the immense profitability of plundering plutocrats while pauperizing the Main Street economies who pick up the tab, cannot result in an economic recovery as the most advanced examples of Japan for 30+ years, now Greece, of this affliction clearly show. Contrary to the din of hijacked academia, corrupt policymakers and sold-out MSM which tout the Orwellian mantra of impoverishing Main Street with debt slavery that serves the kleptocracy, simply opting out of these corrupt and insanely asymmetric arrangements needs to be the first step towards real widespread recovery, for Greece and as dominoes fall and vastly more debts are revealed as wildly unrealistic, most of the West.
    Feb 6, 2015. 07:44 AM | Likes Like |Link to Comment