"There Will Be Hyperinflation" Japanese Lawmaker Warns "Kuroda Got It Wrong" With NIRP

Following The Bank of Japan's voyage into NIRP never-never-land, the market has sent a clear signal of its displeasure and now a growing number of Japanese officials (and former officials) are questioning Kuroda and Abe's Peter-Pan-ic dream that 'they' can fly. Having called for sub-zero rates more than two decades ago, Takeshi Fujimaki, the Japanese banker turned opposition lawmaker, warns "The BOJ is trapped," now that QQE efforts have flattened the yield curve, since "if the curve is steep, banks can make profits even at negative rates. It was a mistake to adopt negative rates after QQE." But it is Fujimaki's parting comment that should have most concerned, "Japan has ballooning debt and the BOJ is financing debt, that’s the problem... it will bust and there will be hyperinflation."

As The Bush Dynasty Ends, This Is What Jeb Spent $130 Million On

The Bush dynasty ended not with a bang, but a whimper on Saturday when Jed Bush officially threw in the towel at the feet of Donald Trump, but not before spending $130 million for his now failed presidential campaign. Here are some of the things Jed spent his backers' money on.

Raoul Pal Previews "The Big Reset": How The Kondratieff Winter Unwinds

"I don't know which one it's going it be - it's a race between China and a 50% deval versus a total collapse internally of their economy; whether it's Japan which we have all been waiting for; or maybe it's the European banking sector forcing the hand of everybody else; whether it's just the loss of central bank control over the monetary system; whether it's the dollar wildly overshooting and then maybe some debt forgiveness that needs to happen."

The Monetary Policy "Berlin Wall" Is Coming Down

The real question for investors is to ask yourself: Is this merely the latest "extend and pretend" maneuver, which is about to happen again with Draghi coming full online in March and the BOJ doing another desperate action and the Fed backing down. Or is it the end of the debt cycle? That is the trillion-dollar question right now.

The World Is Hoarding Gold: "This Was Just A Taste Of What's To Come"

"Before any big move in gold we have always seen extreme volatility or volatility pick up. This was just a taste of what’s to come in the next few years... We’ll look back at this and be reflecting on how minimal this move was compared to what’s going to happen as we go forward... They’re just positioning themselves for what’s to come."

A "Nervous" NATO Fears Turkey, Russia May Soon Go To War

Were Turkey to send ground troops into Syria, NATO officials are increasingly concerned that the alliance could get dragged into a direct armed conflict with the Russians. Recent shelling of the Azaz corridor by Ankara underscores the fact that Erdogan would rather be defeated in battle than allow Russia to roll up rebels at Aleppo and proclaim vitctory. That sets the stage for an epic confrontation between the Czar and the Sultan. 

The Follies & Fallacies Of Keynesian Economics

Eighty years go, on February 4, 1936, one of the most influential books of the last one hundred years was published, British economist, John Maynard Keynes’s The General Theory of Employment, Interest and Money. With it was born what has become known as Keynesian Economics. In the process Keynes helped undermine what had been three of the essential institutional ingredients of a free-market economy: the gold standard, balanced government budgets, and open competitive markets. In their place Keynes’s legacy has given us paper-money inflation, government deficit spending, and more political intervention throughout the market.

ISIS Goes Full-Wall Street, Rigs FX Rates To Generate Extra Profits

According to Reuters, ISIS has learned that when it comes to illicit gains, nothing beats white collar crime. Sure you can rape and pillage and even set out to establish your very own oil trafficking routes, but when it comes to racking up effortless gains, nothing works like rigging rates, a concept those "other" international criminal organizations (banks) figured out long ago.

Valeant Crashes To 3-Year Lows After-Hours On News May Restate Earnings

It's been an ugly few days for Valeant. Following Wells Fargo downgrade and Jim Chanos warnings over PBMs broadly based on Deutsche Bank's analysis, Dow Jones reports after-hours that Valeant is set to restate earnings after an internal review. The stock is down 10% after-hours, down 18% on the day and back at levels not seen since early 2013...

No Way Out

“It does not take a majority to prevail... but rather an irate, tireless minority, keen on setting brushfires of freedom in the minds of men.

Freddie Mac, Bank Of America Launch Another 3% Down Mortgage Program

In what looks like a spiteful move designed to undercut the FHA, Bank of America has partnered with Freddie Mac on a new mortgage scheme that will allow borrowers to make down payments as low as 3%. Because that's just what taxpayers need. Fannie and Freddie making more bad loans. 

The Great Wall Of Trump

It's getting harder and harder for the establishment to huff and puff and blow down that wall...

For These Four States, The Recession Has Arrived

From abysmal PMI data to slumping freight volumes to collapsing Class 8 truck orders, the writing is on the wall: the US is headed for a recession. And while we would argue that if it weren't for goalseeked data, the numbers would already show that the entire economy is contracting, at least four states are already in an official downturn.