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  • Wall Street Breakfast: Greek Parliament Approves Bailout Deal  [View article]
    "Goldman Sacks, I did not know that they were an actual bank, with deposits that are protect via the FDIC?"

    Yes, this little milestone was achieved during the 2008 Wall Street meltdown where GE, GS and a variety of Wall Street and multinational coporate TBTF's were quickly labeled "banks" to facilitate their bailouts. Besides FDIC-protected deposits, their bonds are also FDIC-protected under TLGP or Temporary Liquidity Guarantee Program, which gave them the ability to raise cash (issue bonds) far more cheaply due to the taxpayer guarantee.

    It's like they qualified for insurance when their house was already on fire, which is business as usual for Wall Street, TBTF multinational corporations vs the US taxpayer.
    Aug 14, 2015. 08:31 AM | 20 Likes Like |Link to Comment
  • Cord-Cutting Eating Into Disney's Operating Income  [View article]
    ..."the economy is doing well and it's silly to worry about the next recession,"

    Well actually if one believes the blather we are spoon fed by media, we have been in a jobless "recovery" for a very long time now. Disney runs an amazing business, but their theme parks are another major element in their portfolio that will be hard hit when recession really strikes. Which MSM teleprompter readers will have an opportunity to inform us of fairly soon, historically speaking.

    Disney should be a great stock to pick up much lower within a year or two for the next ride higher some years from now.
    Aug 7, 2015. 10:44 AM | 2 Likes Like |Link to Comment
  • Where Did The GDP 'Growth' Go? Not Into Wages  [View article]
    Yes, much of the missing $trillions can be said to have gone to profits heavily aided by financial engineering, strongly aided by the largest debt bubble in history derived from the most extravagant policy of CB negative redistribution ever devised.

    This will be seen for the ages as the flagrant destruction of the Western middle class that it is, except if the elites manage to continue their corrupt grip on a certain part of the anatomies of politicians, academics and MSM whom they are increasingly able to bribe or destroy at will to bend their reality to maintain the status quo whose "wealth effect" has never before been so rewarding at the top.
    Aug 6, 2015. 12:51 PM | 1 Like Like |Link to Comment
  • The Great Tragedy?  [View article]
    "The world's central banks have conspired to create "aggregate demand" out of negative redistribution, but then wonder why they got almost none of it."

    A priceless summation that nails it.

    And this next sentence gives some solace for enduring these years of relentless media pounding about "green shoots" and "recovery" sans jobs or recovery:

    "There are, of course, the usual positive numbers here and there, but nothing so much as actual and useful recovery."

    In this era where the likes of Uber has $51 billion to play with and mostly squander, not to mention Amazon, Tesla and Netflix "valuations" and the ghost cities of China testifying to the insanity of the results of the most prolific negative redistribution ever conceived or attempted worldwide, voices of sanity are few but assuredly they will be joined by a stampede when the rush to the exits commences.
    Aug 6, 2015. 08:28 AM | 5 Likes Like |Link to Comment
  • A Bear Market Does Not A Crisis Make  [View article]
    Bear markets become something to fear when debt levels and leverage shoot to the moon due to an artificial worldwide policy of preventing true market price discovery to control the downside of previous decades of lesser such efforts as are described in the article.

    If the economy feels good on CB debt servitude drugs but is administered an ever-increasing amount to try to forestall the much greater agony of cold turkey or unplanned disastrous consequences after lengthy and mounting malinvestment, the results cannot help but be far worse than any downside of a normal business cycle. There is reason to expect a potential meltdown that goes far beyond economic, deep into very longstanding social relationships, norms and expectations thanks to our benighted incumbent elites and their stooges in leadership positions who nonetheless show no willingness whatsoever to relinquish any power, control or looted wealth no matter how wrong events may prove them.
    Aug 5, 2015. 10:12 PM | 2 Likes Like |Link to Comment
  • Sell eBay, Buy PayPal  [View article]
    "And far more companies have learned they can go it alone with internet sales, using search engine optimization (SEO) techniques as well as social media to drive traffic directly to their ecommerce sites, bypassing on-line storefronts entirely."

    So why ignore the epic incompetence and hubris of John Donahoe for his disastrous policies aimed at destroying small sellers on the Ebay site when large businesses can clearly develop their own solutions? He made loud efforts to court and publicize success at attracting big merchants to Ebay, which is not Ebay's competitive advantage.

    The rise of Amazon and Alibaba relative to the long slide of Ebay was due to some mysterious forces outside of Ebay or even necessary, but was due to a level of error and wanton ineptness on Donahoe's part that was only eclipsed by the market-inappropriate insanity former CEO Ron Johnson visited on JCPenney because Johnson's efforts failed so visibly and quickly. And JCP owned no Paypal to bail him out.
    Aug 3, 2015. 09:30 AM | Likes Like |Link to Comment
  • The Very Real, High And Ongoing Costs Of Eurodollar Decay  [View article]
    "That is perhaps the worst part of all this, namely that "inflation" during the height of the eurodollar standard seemed to confirm the genius of central banking."

    "Like we see here and everywhere else, central banks were never really directly responsible for the Great Moderation apart from shirking their primary duty to stop it; they instead embraced it as if it were consistent with the various stability mandates when it was nothing but artificial, financial fill that was later revealed as a highly imbalanced and now unstoppable in retreat."

    Whatever our level of understanding of the Eurodollar standard, these articles are filled with gems such as the above quotes which give a sense of what policymakers worldwide have been about for decades, namely, the artificiality of the financilalist system and machinations of it's vast assorted hangers-on that have unfortunately enveloped our economies and lives during which they could take credit for appearances of stability and growth that are proving ludicrously false even as their lapdog media, academics and politicians throw every last available scrip borrowed against their societies' balance sheets to preserve their cherished status quo. Now we are at the stage at which they cannot prevail against the reality of market price discovery even in China at the point of a gun any more than we can levitate by pulling upward on our shoelaces.
    Aug 3, 2015. 09:05 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World  [View article]
    "'tax voucher' for 'school choice' would do nothing for most students from impoverished families. Typically no 'good' school near them and the cost of transportation would be problematic if not prohibitive.
    It is essentially another tax payer subsidy for the well-to..."

    1 - Improvements are made on the margins - Enough kids would transfer to better schools to start a snowball effect and the fairytale job description and work product of most educational bureaucrats would have to turn to real results.

    2 - The possibilities or actualities of abuse never stopped any liberal spending spree.
    Jul 31, 2015. 01:54 PM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World  [View article]
    Bob 123 : "If you want to eliminate welfare, then bring back the jobs."

    I thought the Anointed One in the White House already did that.

    Regarding Pennywatchdog exceptifitistaxes: Yes, rent to some of these families on Section 8 for awhile and you realize how their ridiculous choices landing them back on the public expense account keeps recurring generation after generation and that even workers in the government agencies with some experience will not express the PC crap voters and Seeking Alpha readers are forced to endure from defenders of people too many of whom are the farthest remove from helpless when it comes to getting into our pockets.

    Let's actually improve their lives with better education, starting with tuition tax vouchers (school choice) since competition for students is the only way they will ever stop the disgraceful downward achievement spiral that sees every new dollar wasted on more bureaucracy, more rules and more insane initiatives handed down from on high that DON'T WORK. Which hits the schools and future prospects of those in low-income districts the hardest.
    Jul 31, 2015. 01:38 PM | 3 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World  [View article]
    "Wonder how the Dems will spin that to their advantage as it will finally show that their do nothing strategy on SS is irresponsible and no solution."

    That's really easy: With the usual guaranteed assistance of brain-dead MSM spin for low-information voters with their hands out along with the same from the bright lights of academia, the blame will always land on the laps of Republicans. Which never stops; Reagan and Bush are always deemed responsible for every one of Obama's shortcomings along with "uncooperative" Republicans currently.

    Which brings to mind the endlessly pathetic performance of Republicans trying to please their opponents no matter what they are in charge of since Reagan, and it is evident how much hardworking Americans appreciate someone such as Donald Trump who appears ready, willing and able to knock heads and step on important people to actually throw reality into discussions that always bog down into the usual PC DC miasma that is killing our nation.
    Jul 31, 2015. 11:31 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Bailout Talks Around The World  [View article]
    "Can't ANY organization get organized and do their job?"

    Exactly. The game for a very long time which has built Western bureaucracy and centralized control to it's present heights of extravagance and dysfunction has been to become a suit, "address" problems in due time (as opposed to solving them), ask for more delays, time to study, more staff and funding, and then dribble out something that passes as work product. After an inanely slow and expensive implementation process that steps all over private productive citizens and entrepreneurs, "unintended consequences" lead to more studies, more staff, more authority and money, and more lack of positive results in the real world....

    Wash, rinse, repeat.
    Jul 31, 2015. 08:25 AM | 25 Likes Like |Link to Comment
  • Situation Critical: Everything's Starting To Crash  [View article]
    "How does this suggest $32 oil?"

    Weak demand is the ultimate problem in the oversupplied oil sector, particularly in China. It is not picking up despite plunging prices because the world economy has been on life support via insane pretend and extend abuses of already peak debt. More incredibly overdue and now more massively destructive gales of "creative destruction" will now transpire that will only be the worse due to such massive over- and malinvestment as China's ghost cities et al and the US fracking industry.

    These reached their present herclulean levels of excess due the most concerted policymaker and elite efforts to stifle true market price discovery ever thus creating history's largest bubbles driven by record levels of debt that also manage to fetch alltime record high prices somehow.
    Jul 30, 2015. 10:35 AM | 3 Likes Like |Link to Comment
  • The South American Financial Crisis Of 2015  [View article]
    There is always the question of whether the markets walking like a duck (extreme bearish divergences, high valuations, low bearish sentiment and commodities and junk bonds crashing) and quacking like a duck, can defy reality via money pumping just as the entire bull "market" has been pretended and extended mostly on just this manipulation.

    Peak debt combined with miserable results on Main Street do not legitimately create conditions for sustainable record highs for financial paper, and one will likely be reconciled to the other fairly soon. The wall of worry builds as the periphery is crumbling and China is sustaining it's bull "market" at the point of a gun, so the goldilocks era of the "wealth effect" that never really trickled down would seem to be drawing to a close.
    Jul 30, 2015. 08:43 AM | 1 Like Like |Link to Comment
  • Open Letter To Alexis Tsipras  [View article]
    If they have any, it's probably under US "care" along with the gold the Germans can't get back.

    Hopefully not, because this article shows with great clarity the way forward from bankster-initiated economic simulation.
    Jul 29, 2015. 08:35 AM | 1 Like Like |Link to Comment
  • Testy Tuesday: Bouncing Back To Bull?  [View article]
    "...they wont even let that guy in the ballpark."

    He's not afraid to think outside the box and speak up about it.
    Jul 28, 2015. 03:14 PM | Likes Like |Link to Comment