• Tim Knight from...
    02/06/2016 - 00:25
    What we must remember is this: we are in a bear market, and the risk of a countertrend rally is present, but confined. The opportunity on the downside movement dwarfs the risk of a push higher, as...
  • Phoenix Capital...
    02/06/2016 - 10:15
    2008 was caused by derivatives based on consumer-focused assets (houses). The next crisis will be driven by derivatives on government-focused assets (bonds).

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A Preview Of This Weekend's Event That Could Unleash A "Vicious Bear Market Rally"

"... if China FX reserves data is better than expected, we think a bear market rally is likely to be vicious."


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Kyle Bass Asks If China Is Fine, Why Are They So Worried About "Some Hedge Fund Manager In Texas"

“If some fund manager in Texas is saying that your currency is dramatically overvalued, you shouldn’t care on a $10 trillion economy with $34 trillion in your banks. I have, call it a billion - it’s so small it should be irrelevant and yet somehow it’s really relevant.”


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What Is The Best Method Of Rebellion Against Tyranny?

If you fight, then there is a chance.  If you do not fight, then failure is guaranteed.  The "odds" are irrelevant.  How you fight (fighting smart) is the only matter of importance.


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Hyperinflating Venezuela Used 36 Boeing 747 Cargo Planes To Deliver Its Worthless Bank Notes

Recently we joked that it is unclear just where Venezuela will find all the paper banknotes it needs for all its new currency.  And, as if on cue, the WSJ answered. As it turns out we were not the only ones wondering how the devastated "socialist paradise" gets its exponentially collapsing paper currency, which in just the past month has lost 17% of its value. The answer: 36 Boeing 747s.


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A Distracted Society Keeps The Police State In Power

Freedom is an action word. It means turning off your screen devices - or at least greatly reducing your viewing time - and getting active to take to stave off the emerging authoritarian government. Aldous Huxley, George Orwell, and the countless science fiction writers and commentators have warned that we are in a race between getting actively involved in the world around us or facing disaster. If we’re watching, we’re not doing.


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German Professor Says All Students Should Be Required To Learn Arabic

"German and Arabic should be mandatory for all students through high school. We would appreciate it, to be a country of immigration and a multilingual society."


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Congress Wants To Turn The US Postal Service... Into A Bank

The Postal Service desperately needs cash. So what better way to raise capital than to sucker unsuspecting Americans into opening up Postal bank accounts? There’s a term for this. It’s called a Ponzi Scheme.


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The Cozy Relationship Between The Treasury And The Fed

As much as economists talk about the independence that the Fed holds from Congress, remittances represent a strong link. In fact, since they enable federal spending they create a form of quasi-fiscal policy for the Fed to use, in addition to its more common monetary policy options. Without Fed remittances, retirees might see their monthly check cut by about 12 percent.


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Closing In: Russia, Iran, Assad "Encircle" Syria's Largest City As Peace Talks Collapse In Geneva

It appears that after a protracted fight, Russia and Hezbollah are poised to recapture Aleppo where militants are now surrounded. Critically, Russia and Iran have now cut off supply lines from Turkey. With the deck now stacked against the opposition, John Kerry and, to a greater extent Turkey, are getting visibly desperate.


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What Happens Next?

It would be hard to find better proof that the canary in the coalmine is singing and that his song is landing on ears deafened by 6 years of BTFD behavior than this.


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Jimmy Carter: "Legal Bribery" Is Prevailing In The US Political System

Former U.S. President and Nobel Peace Prize winner Jimmy Carter has taken aim at the “erroneous” Supreme Court ruling that “gives legal bribery a chance to prevail.”


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Trump Drops 9 Points In National Poll After Losing In Iowa As Rubio Rises, Cruz Steady

Perhaps it was the publicity stunt Trump pulled last Thursday when he skipped the final debate before the caucus in order to hold his own, competing event right up the street, or perhaps some voters lost their nerve at the last minute, but whatever the case, the man who “hates losers” lost in Iowa this week and it's cost him in the national polls.


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The Golden Age

Some people say that gold is dead. They point to deflationary pressures and a bear market that started back in September of 2011. The bulls have been wrong for years; however, that may be about to change…


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World's Biggest Containership "Hard Aground" As Baltic Dry Crashes Below 300 For First Time Ever

Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever - at 298, this is almost 50% below the previous record low. But it's not just commodities and the Baltic Dry that stalled, as gCaptain reports, one of the world’s biggest containerships is hard aground in Germany’s Elbe River leading to the port of Hamburg.


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Welcome To The Recovery: 1 In 7 Americans (45.5 Million) Remain On Food Stamps

More than six years into Dear Leader’s glorious economic recovery, 45.5 million Americans, or one in seven, remain on food stamps. We'd say that’s a problem, but we don’t want to be accused of “peddling economic fiction.”


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