Archive - Jul 22, 2015

Tyler Durden's picture

Americans Are Fleeing These US Cities In Droves





What do El Paso, New York, and Chicago have in common? They are among the top 20 cities from which Americans are fleeing in droves...

 

Tyler Durden's picture

"Far Worse Than 1986": The Oil Downturn Has No Parallel In Recorded History, Morgan Stanley Says





The forward curve currently points towards a recovery in prices that is far worse than in 1986. As there was no sharp downturn in the ~15 years before that, the current downturn could be the worst of the last 45+ years. If this were to be the case, there would be nothing in our experience that would be a guide to the next phases of this cycle, especially over the relatively near term. In fact, there may be nothing in analysable history.

 

Tyler Durden's picture

11 Signs That America Has Already Gone Down The Toilet





Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us.

 

Tyler Durden's picture

Obama's Minimum Wage Utopia Just Hit A Brick Wall





Who could have possibly seen this coming? Almost three years we first detailed how America has become an entitlement nation where "work is punished." It appears President Obama is about to discover this first hand as his populist 'raise the minimum wage' strategy is showing yet another major unintended consequence. On the same day as New York acts to mandate a $15 minimum wage for fast food workers, Seattle's $15 minimum wage law - which is supposed to lift workers out of poverty and off public assistance - has hit a snag. As Fox News reports, evidence is surfacing that some workers are asking their bosses for fewer hours as their wages rise – in a bid to keep overall income down so they don’t lose public subsidies for things like food, child care and rent. So not only is work 'punished' it is now 'disinentivized by mandate' as part-time America toils amid ever-rising costs of living.

 

Tyler Durden's picture

Greek Lawmakers Clear The Way For Formal Bailout Discussions





As expected, the Greek parliament has approved a second set of prior measures, clearing the way for formal discussions on a third bailout program for the debt-stricken country. 36 Syriza lawmakers did not support the bill.

 

Tyler Durden's picture

A Middle-East Game Of Thrones





As President Obama’s nuclear deal with Iran is compared to Richard Nixon’s opening to China, Bibi Netanyahu must know how Chiang Kai-shek felt as he watched his old friend Nixon toasting Mao in Peking. The Iran nuclear deal is not on the same geostrategic level. Yet both moves, seen as betrayals by old U.S. allies, were born of a cold assessment in Washington of a need to shift policy to reflect new threats and new opportunities. Several events contributed to the U.S. move toward Tehran.

 

Tyler Durden's picture

First China Arrests "Sellers", Now Bans "Defaulters" From Traveling





In consequence-less America, the stigma of defaulting on one's personal responsibilities is a badge of honor for a risk-seeking public. No matter what, the government has your back if you want to buy a fridge, boat, or car - serial defaulter or not. However, hot on the heels of their proclamation that "malicious selling" of stocks is illegal, the Chinese government has extended its punitive measures against defaulting citizens, who are now banned from traveling on high-speed trains.

 

Tyler Durden's picture

US Government Reinstates Arm Sales To Bahrain Despite Rampant Human Rights Abuses





One of the many destructive myths Americans like to tell themselves is that the U.S. government is a staunch defender of human rights and democracy around the world. In reality, nothing could be further from the truth.

 

Tyler Durden's picture

China's Record Dumping Of US Treasuries Leaves Goldman Speechless





Something is very rotten in the state of China, and its crashing, manipulated stock market is merely the tip of the iceberg.

 

Tyler Durden's picture

"It's Laughable Really": Why No One, Especially Not Jamie Dimon, Will Be Held Accountable For London Whale





"Mr. Martin-Artajo is in Spain, where a court has refused to extradite him, and Mr. Grout is in France, which typically does not extradite its own citizens. Although the investigation in the United States officially remains open, it appears no one, in all likelihood, will be held legally accountable. 'When risky behavior is repeatedly tolerated or concealed, you have to wonder if higher-ranking people should have been targeted.'" 

 

Tyler Durden's picture

Peter Schiff: Currencies Depend On Faith, Gold Doesn't





"My faith is that governments and central banks will continue to run up debt and debase currencies until a crisis brings the whole experiment to a disastrous conclusion. There is simply no historical precedent to reach any other conclusion. I also have faith that human beings will always prefer a piece of gold to a stack of paper. Separate a paper currency from its perceived value and you just have a stack of paper and ink. However, if they would just print it on softer and absorbent stock and put it on rolls, it might have some intrinsic value if we run out of toilet paper."

 

Phoenix Capital Research's picture

What Do Greece and Louisiana Have in Common? The War on Cash





The Centralized Powers have declared a War on Cash... and it is spreading throughout the globe.

 

Tyler Durden's picture

'Trump'ing Political Success Through An Irate Silent Majority





Richard Nixon made hay of the term “Silent majority” back in November 1969 to defend his Vietnam War policy.  It has since been used by American politicians to legitimize and expand the nature of a non-descript huge following they claim as their own, quite often asserting the existence of magnified populism and an implied democracy.  Nixon’s baton seems to have been now passed to Donald Trump, as he submits his candidacy for the highest political office in the land, and grabs the microphone to broadcast his unfiltered stand on immigration.  A message that questionably-qualified experts in the media are quick to devour, then defecate, on a public more receptive to shallow issues dealing with celebrities than anything of social significance or depth. 

 

Tyler Durden's picture

Kiwi Pops After RBNZ Cuts Rates, Citing Commodity Price Pressures





While we know now that Greece is irrelevant, and China is irrelevant (fdrom what we are told by talking heads), it appears the commodity carnage of the last few months is relevant for at least one nation. Having already warned about Australia, it appears New Zealand has got nervous:

*NEW ZEALAND CUTS KEY INTEREST RATE TO 3.00% FROM 3.25%, FURTHER EASING LIKELY AT SOME POINT

The Central bank blames softening economic outlook driven by commodity price pressures. Kiwi interestingly popped on the news to 0.66 before fading back a little, despite RBNZ noting a further NZD drop is necessary.

 
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