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Leftfield

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  • Bring Back The V; The Economy Took The Worst Case Anyway [View article]
    To the points of the article it can be emphasized that the "monetarist experiment" that now brings us deep, dangerous downturns and prolonged "upswings" is heavily aided by statistical porcine lipstick and ignores the unparalleled levels of sovereign debt that prop up the whole insider-serving enterprise.

    Which is, bottom line, to serve the very entities that bring us endless new normal torpor on Main Street: Vast rent-seeking Wall Street and government overhead that feeds on the economic misinformation, printed fiat scrip and a tulip mania in debt paper that features the highest supply ever in tandem with some of the highest prices ever seen.

    Even proponents of this fraud might have difficulty explaining this latest chapter in "market" manipulation that features Spain now receiving better rates for it's debt than the US.
    Jun 10 09:47 AM | 2 Likes Like |Link to Comment
  • Amazon expands into the online payments market [View news story]
    Looks like Icahn was right: Ebay should have sold Paypal while it had a virtual monopoly on online payments. Looming competition in the near future would have been apparent to any corporate management, but apparently it wasn't to John Donahoe and the Ebay BOD.
    Jun 9 07:29 AM | 2 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    "Thanks for your comments. Lots of speculation. Zero evidence. Which sort of furthers my point."

    Which leaves mostly speculation, yes, on whether the markets walk and quack like a duck, in this case, like manipulated markets. And how tightly the nomenklatura are able to control truly key and essential information to their continued and ascending prosperity and control.
    Jun 6 12:35 PM | 4 Likes Like |Link to Comment
  • Gold Manipulation: What Investors Should Do Now [View article]
    Advising against the manipulations in markets, both equities and PM's, is not lacking in intelligence to the extent that true price discovery is being thwarted and will eventually prevail, especially if timing is successful.

    And there may well be market operations of bets backed by central banks which are thus virtually unlimited quite aside from the Barclay's case. Fort Knox gold is likely leased out, perhaps multiple times, to keep the game going as is indicated by actual physical gold settlement proving quite difficult to obtain in the case of Germany.

    As the US and the West descend into their twilight zones of domination by incumbent rentiers, their control of wealth and the levers of power is such that it's concentration allows them increasingly unfettered control of information while there has been no opposing force sufficient to stop the process as their societies sink into debt servitude and kleptocratic control. The more unsavory the extra-market operations our owners are now free to engage in, the less we will directly hear of it.
    Jun 6 11:19 AM | 9 Likes Like |Link to Comment
  • The Worst Bear Market Is Yet To Come [View article]
    Besides the reasons mentioned in the article for the Fed's likely unwillingness and inability to print money as profligately in the future as in the recent past in response to stock market declines is the looming demise of the dollar as the world reserve currency. This is another major reason that limits future options for them.

    Meanwhile, we can look forward to finding out that, like margin debt, financial engineering and leverage has been building to another extreme that will have a severe impact on the downside when it finally gathers force.
    Jun 5 10:16 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "Someone should tell Radio Shack that it is over for them." While that appears true after their years of inability to define a path to viability beyond depending on offering....smartphones!, which may also be a questionable sign for GME now as well, at least the PHC International agreement may give them the possibility of one last hope.

    Meanwhile Microsoft finally made the move they should have made at the beginning of their tablet launch of pricing them attractively. Steve Ballmer never understand that the world has completely changed for them since they dominated the IT landscape with Windows 95 and this is a sign that Microsoft may now be capable of realism and hence better prospects now that he is gone.
    Jun 5 08:07 AM | 1 Like Like |Link to Comment
  • Hot Button Issue: Rant Warning [View article]
    Uh-oh, even The Inflation Trader is in on the BLS CPI scam! Say it isn't so! Shield the children's eyes!

    On the other hand, since even Shadowstats doesn't reach the dramatic conclusions the unnamed author in the CFA Institute's publication asserts, it seems that publication and organization may be exhibiting traits of the world's oldest profession in search of a more renumerative bottom line.

    Yet another thought: Is not the bond market possibly gamed by central banks and TBTF clients to force interest rates to the low levels they are exhibiting in a reinforcement borne of mutual self-interest rather than the fairly dependable indicator of true inflation it may once have been? Debt instruments are not exactly scarce, and yet their prices seem to forecast their imminent extinction.

    Oh, and jhooper - Waiting for government-sized fraud to become sufficiently evident to all that it can be considered "ferreted out" and thus inoperative might be even more futile than trying to remain solvent longer than the markets remain irrational. That said, your conclusion that, "Giving one person power to control what another person says only creates the economics for the person with control to sell that power to the highest bidder" is, as usual, well thought-out and spot-on.
    May 20 06:27 PM | 1 Like Like |Link to Comment
  • Upon Closer Examination: Dow Theory and Richard Russell [View article]
    NLO - Funny you should reference this link now. i had just printed it already.

    Seems to be very valuable and interesting information and observations. I will be using the Russell 2000 and Dow in the manner pointed out in the instablog since it's premise, that those function as better parallels to the original Dow vs Transportation indexes than do the Dow and Transportation indexes function in the Dow Theory today, seems likely valid.

    I am curious how this idea backtests for at least several decades.
    May 20 06:08 PM | 1 Like Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "The evidence overwhelmingly suggests that man has greatly altered the biosphere in the last 100 years."

    Cause and effect are not proven and manmade CO2 is maybe 5% of the total which makes up .3% of the air mass. All of which have fluctuated far more in the past.

    RomanOmega - Let's not mix up silly "science" with the actual benefits of improving efficiency and lowering pollution which stand on their own. And always keep in mind that enabling government to engorge itself on yet another of it's futile, wasteful and illegitimate quests accomplishes neither. Think of hypocrite Al Gore's "carbon footprint," which equals a village or two.
    May 16 09:37 AM | 9 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "'Yes, I know, someone will think they are very clever and reply with that old chestnut concerning the people able to "vote themselves benefits from the treasury'."

    "It's not an 'old chestnut', it's a legitimate point."

    Guardian3981 - Isn't it strange that liberals, socialists and collectivists will cite repetition as a point in attempting to discredit the truth whereas their endless incantations of "global warming" or ridiculing the Tea Party are meant to stifle debate and declare the matter "settled?"

    Of course, the matters they try to "settle" in this way are meant to pay off for them with their usual expectations of entitlements and career paths at the expense of the actual producers who add real value to the economy whom they never cease to abuse.
    May 16 09:28 AM | 2 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "A lot of the nonsense perpetrated by this administration will be thrown out after they are out of office."

    That would be nice. Unfortunately, like FDR's New Deal, Johnson's Great Society and the vast array of entitlements, special programs, favors and private sector forced marches of every description administered by the pampered bureaucracies and legal armies that have grown up around them, most of it sticks and becomes part of our increasingly twisted "new normal."

    Every good autocrat knows that unlike tax cuts, entitlements are usually forever, and that once you've got them by the b---s, their hearts and minds will usually follow.
    May 16 08:26 AM | 9 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    "Comments about the cause of climate change regarding this article are a disservice to the author and to SA readers who desire to educate themselves without the necessity of wading through voluminous, irrelevant comments."

    Sad.
    May 15 12:54 PM | 2 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    "And 'warming' is a myopic view - it's really about climate change (far more reaching than just warming which is an aggregate measurement,"

    Exactly. Whatever "climate changes" nature throws at us, however measured and regardless that they may be far less than in the past will always become the pretext for greater government control and costs over our lives, which is the real bottom line of the true believers at the alter of the Church of Climate Change.

    A UN estimate was once issued some years ago that the cost of fighting "global warming" would be $125B/year. I'm sure that price has gone up a lot since and that it's advocates would be most satisfied if we spent hundreds of $billions per year simultaneously fighting both global warming and global cooling.
    May 14 10:16 AM | 5 Likes Like |Link to Comment
  • Wall Street Breakfast: Must-Know News [View article]
    "AT&T is too big and getting bigger ain't going to work for them."

    I too have found them impossible to deal with. Actually switched back to the scarcely-less-hated cable company for services because the impenetrable maze AT@T has constructed for any customer issues that are not entirely routine is so bad it actually seems not inadvertently developed to impede and frustrate to the maximum. I will always choose not to support such a business wherever possible.
    May 13 09:21 AM | 8 Likes Like |Link to Comment
  • Big Oil Under Serious Threat [View article]
    "From my own field of expertise (economics), bad data analysis in journal articles can be very difficult even for a Ph.D. trained economist to detect."

    Good point. When the debt-sodden US and Western economies finally lose their ability to expand capital via ever-more dodgy financial paper, mainstream economists who now whistle past the graveyard unable to detect the $17 trillion gorilla in the room, sovereign debt backing unviable enterprises, causes, payrolls, bailouts and entitlements, will remain the last to grasp the essence of the situation.

    Trained to the point of tunnel vision and susceptible to peer pressure, ego massages and partial to the authoritarian status quo that pays their grants, academics must be taken with a glacier-sized lump of salt especially when they reach a "consensus" that envisions citizens under even greater government bondage such as they propose in their climate schemes.
    May 13 08:53 AM | 2 Likes Like |Link to Comment
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