Archive - Nov 29, 2014

Tyler Durden's picture

People Vs "Animals" - 31 Years Of Black Friday In America





What happened to Americans?

 

Tyler Durden's picture

Do We Own Our Stuff, Or Does Our Stuff Own Us?





The frenzied acquisition of more stuff is supposed to be an unalloyed good: good for "growth," good for the consumer who presumably benefits from more stuff and good for governments collecting taxes on the purchase of all the stuff. But the frenzy to acquire more stuff raises a question: do we own our stuff, or does our stuff own us?

 

Tyler Durden's picture

Financial Terrorists On The Road - Krugman And Rogoff Peddling Toxic Advice





Here are a couple of reasons why Keynesian economists are truly a menace in today’s bubble ridden and debt-impaled world. It seems that both Harvard’s Kenneth Rogoff and Princeton’s Paul Krugman are on the global advice circuit, peddling what amounts to sheer snake oil to desperate politicians and policy-makers who have already buried themselves - so far to no avail - in unprecedented waves of fiscal and monetary “stimulus”.

 

Tyler Durden's picture

Ferguson Police Officer Darren Wilson Resigns, Hopes His "Resignation Will Allow The Community To Heal"





"I, Darren Wilson, hereby resign my commission as a police officer with the City of Ferguson effective immediately. I have been told that my continued employment may put the residents and police officers of the City of Ferguson at risk, which is a circumstance that I cannot allow. For obvious reasons, I wanted to wait until the grand jury made their decision before I officially made my decision to resign. It was my hope to continue in police work, but the safety of other police officers and the community are of paramount importance to me. It is my hope that my resignation will allow the community to heal. I would like to thank all of my supporters and fellow officers throughout this process."

 

Tyler Durden's picture

Visualizing Peak Popopulation





Even with having existed for millions of years, the process for humans to reach 1 billion in population was long and arduous. It is only about 12,000 years ago that humans started engaging in sedentary agriculture. While population has exploded exponentially, unfortunately the resources on our planet are finite.

 

Tyler Durden's picture

Despite 2 Months Of 'Coalition' Airstrikes, ISIS "Is Not Weaker"





Despite all efforts by the US-led coalition, the Islamic state is still going strong. That is the awkward message US propagandists face from no lessor boots on the ground witness than Syrian Foreign Minister Walid al-Moualem. "All the indications say that (Islamic State) today, after two months of coalition air strikes, is not weaker," Walid al-Moualem emphasized, contrasting the US 'coalition' military efforts with a Russian call for restarting the political process between Damascus and 'the constructive Syrian opposition'. Now that certainly is not a message the west wants the world to hear...

 

Tyler Durden's picture

Federal Reserve Confirms Biggest Foreign Gold Withdrawal In Over Ten Years





A week ago, when we reported that in a stunning move, the "Dutch Central Bank Secretly Withdrew 122 Tons Of Gold From The New York Fed", and when looking at the NY Fed's monthly reports of gold deposits by foreign entities, we observed that "we can see that while the 5 tons outflow in 2013 was most likely Germany, the recent surge in gold repatriation from Liberty 33 was the Netherlands. That said, only 77.5 tons of NY deposits gold has been officially repatriated through September, which means the October update, when it comes out, will be a doozy." Yesterday, the long anticipated October update of "earmarked gold" held on deposit at the NY Fed was released, and sure enough it did not disappoint. Declining in dollar value from $8.305 billion to $8.248 billion, this was the equivalent of 42 tonnes of gold being withdrawn, in the process reducing net gold located in the vault of JPMorgan the NY Fed to 6,076 tonnes. The 42 tonnes withdrawal was also the biggest single monthly redemption from the NY Fed since 2001.

 

Tyler Durden's picture

Presenting The 70 Year Old Hydraulic Computer Used By Central Planners To "Visualize Economy"





Meet MONIAC - Monetary National Income Analogue Computer - the 7-foot-tall, 70-year-old 'Rube Goldberg' hydraulic contraption that was the machine that analyzed data, simulated the economy, and made predictions about the future for the central planners of yore...

 

Tyler Durden's picture

The Yellow Cab Bubble Pops: Taxi Medallion Prices Tumble 17% From Last Year's Record Highs





A little over a year ago, we presented a "Yellow" asset, which was "the best performer of the past year." It wasn't gold: it was yellow cab medallions.  As we wrote then, "the best returning asset class traded in the NY Metro area is yellow but doesn't change hands on Wall Street.... over the last 12 months New York City taxi medallions have risen 49% in price, besting the relatively humdrum returns of the S&P 500 (up 21%), the NASDAQ (22%) and the Dow (18%).  Medallions – essentially the right to operate a for-hail taxi in New York City – now trade for as much as $1.3 million, an all-time record."  In retrospect it was also the perfect time to cash out on the "yellow" euphoria. According to the NYT, "the average price of an individual New York City taxi medallion fell to $872,000 in October, down 17 percent from a peak reached in the spring of 2013, according to an analysis of sales data. Previous figures published by the city’s Taxi and Limousine Commission — showing flat prices — appear to have been incorrect, and the commission removed them from its website after an inquiry from The New York Times."

 

Tyler Durden's picture

Downton Abbey's Dirty Little Secret - Titled Aristocracy Vs Meritocracy





Whether aristocratic or democratic, the administration of the State matters little. Power, theft, war, and plunder is what really matters. That is the dirtiest of all secrets.

 

Tyler Durden's picture

OPEC Presents: QE4 And Deflation





You can’t force people to spend, not if you’re a government, not if you’re a central bank. And if you try regardless, chances are you wind up scaring people into even less spending. That’s the perfect picture of Japan right there. There’s no such thing as central bank omnipotence, and this is where that shows maybe more than anywhere else. And if you can’t force people to spend, you can’t create growth either, so that myth is thrown out with the same bathwater in one fell swoop. Some may say and think deflation is a good thing, but I say deflation kills economies and societies. Deflation is not about lower prices, it’s about lower spending. Which will down the line lead to lower prices, but then the damage has already been done, it’s just that nobody noticed, because everyone thinks inflation and deflation are about prices, and therefore looks exclusively at prices.

 

Reggie Middleton's picture

Using A Bitcoin Wallet To Take Inexpensive Positions On Goldman Sachs 2015 Recommended Global Macro Trades





First we discuss whether Goldman Is Giving Real Advice or Muppet Fodder, then we learn how to monetize our position on said Fodder... eh... Advice using just a bitcoin wallet and not Goldman itself.

 
Do NOT follow this link or you will be banned from the site!