• GoldCore
    01/24/2015 - 05:15
    So who pays? Someone has to, you can not just create money out of thin air. The answer is “we do, you and I”, in the form of a devalued: currency, diminished savings and devaluing pensions. You are...
  • Marc To Market
    01/24/2015 - 10:27
    I have told you the US dollar was going up for months.  Some mocked me.  Others insulted me.  So what?  I tell you the dollar's bull market remains intact.  

Tyler Durden's picture

The Only Road Out Of Davos

After 6+ years of deepening poverty and rising stock markets, of creative accounting, of QE and ultra-low interest rates, of extend and pretend and outright propaganda and of what have you, all of which have led us to where we are today, facing yet more rounds of stumbling from crisis into multiple crises, it would seem clear that the model, if not the mold, is broken. In order to fix it, let alone replace it altogether, we need to understand to what extent it is broken. And to do that, we first need to know what exactly the model is. However, the rich-and-powerful in Davos believe in one model only, the one of ever increasing centralization and globalization, because that’s the model that got them where they are.



Tyler Durden's picture

Ferguson Cop To Face No Civil Rights Charges, DoJ Recommends

While the lawyer for Michael Brown’s family, said he did not want to comment on the investigation until the Justice Department made an official announcement, The New York Times reports that law enforcement officials have said The Justice Department has begun work on a legal memo recommending no civil rights charges against Darren Wilson, the white police officer in Ferguson, Mo., who killed the unarmed black teenager in August. A broader civil rights investigation into allegations of discriminatory traffic stops and excessive force by the Ferguson Police Department remains open, but Attorney General Eric H. Holder Jr., has said that he plans to have it done before leaving office, probably in the next month or two.



Tyler Durden's picture

It's Official: President Obama's SOTU Speeches Are The 'Dumbest' In US History

Are you smarter than a 9th grader? Then you will be quite at home with President Obama's latest State of The Union speech. While the Flesch-Kincaid readability test shows SOTU 'smartness' has been plunging Woodrow Wilson, the collapse has accelerated post-Clinton with President Obama's average SOTO speech tailored to the intellect of a 14-year-old - the lowest on record.



Tyler Durden's picture

Total Announced Job Cuts In 2015 Just Topped 32,000

Presented with little comment aside to note the ironic timing of the surge in job cut announcements from North American firms since President Obama's "Crisis Has Passed" State of The Union speech...



Tyler Durden's picture

A New Theory Of Energy & The Economy, Part 1

How does the economy really work? In our view, both energy and debt play an extremely important role in an economic system. Once energy supply and other aspects of the economy start hitting diminishing returns, there is a serious chance that a debt implosion will bring the whole system down. In this first piece of this story, we explain how the economy is tied to energy, and how the leveraging impact of cheap energy creates economic growth.



Tyler Durden's picture

President Obama Takes His "Crisis Has Passed" Narrative On The Road - Live Feed

Having explained to all the 10th graders in the nation how 'everything is awesome' and "the crisis has passed," President Obama starts his roadshow to populise the many myths and factnesses from his State of The Union speech. Speaking at Boise State University, we suspect the call for more research dollars will leads nicely into his package of "middle class economics" fixes...



Tyler Durden's picture

Panmure: Draghi's QE Will Fail, 2015 Will Be The Year Of "The Great Unwinding"

As everyone knows by now, tomorrow the ECB will announce a QE plan that monetizes some €50 billion (and maybe more) in European government bonds per month, although Greece may be left out in the cold. It is also the reason why while European stocks have priced in more than 100% of the full impact of a €1 trillion QE, those gains are about to be wiped out. Here's why according to Panmure Gordon.



Tyler Durden's picture

The White House Goes Full JPMorgan: Unleashes #AskTheWH On Twitter

Remember how well JPMorgan's innovative social media experiment #AskJPM went? Well, taking a lesson from the Einsteinian insanity instruction manual, John Kerry and The White House have unleased #AskTheWH ... enjoy...



Tyler Durden's picture

Europe Probing HFTs For Providing "Fake Liquidity"

The EU’s financial watchdog, the European Securities and Markets Authority, will look at whether automated trading adds fake, or ghost, liquidity to markets, said Steven Maijoor, the regulator’s chairman. “There has been a suggestion that the liquidity they are providing is not real liquidity because once you would like to go into the trade and accept an order the offer disappears,” Maijoor said in an interview in Hong Kong on Jan. 20. “We are looking now into the specific issue of what is called ghost liquidity.”



Tyler Durden's picture

This Is How The US Government Convinces A Newspaper To Kill A Story

The timidness with which mainstream media in the U.S. approaches news has been well documented. In fact, the inability of traditional media to do a reasonable job of holding powerful interests accountable has been one of the primary drivers behind the ascendency of alternative news. Despite this reality, one thing we know less about is specifically how the power structure goes about suppressing news it doesn’t want reaching the plebs. Until now...



Tyler Durden's picture

Asset Ownership And Our System Of Deepening Debt-Serfdom

Debt-serfs who make the difficult and risky transition to small-scale business owners find they have simply moved to another class of serfdom. The net result is a system in which the vast majority of productive assets are owned by the few who then have the means to exploit the many.



Tyler Durden's picture

Chart Of The Day: The Impossible Is Possible Edition

Swiss interest rates were already the lowest in the world before The Swiss National Bank de-pegged from the Euro last week but in the ensuing few days, investor demand for the 'safety' of Switzerland has collapsed the yield curve to levels thought impossible just weeks ago...



Tyler Durden's picture

America's Ultra Luxury Housing Bubble Has Burst: "Deals Have Slowed To A Trickle"

As we further showed, the bulk of foreign demand for New York's most expensive properties, originated in China, Russia and various other oligarch-controlled nations, where the impetus to launder illegally obtained hot money meant an impulse to buy US real estate sight unseen and virtually at any price. And all of it, of course, all cash. No mortgages.  That onslaught of foreign oligarch demand is ending, and with it so is the bubble that luxurious New York real estate found itself in on the back of some $12 trillion in central bank liquidity created out of thin air in the past 6 years. Business Week cites Manhattan real estate agent Lisa Gustin who listed a four-bedroom Tribeca loft for $7.45 million in October, expecting a quick sale. Instead, she cut the price this month by $550,000. “I thought for sure a foreign buyer would come in"... They didn't.



Tyler Durden's picture

Kansas Officials Admit "Strong Correlation" Between Quakes & Fracking

“If the government and the Kansas Corporation Commission care about the people of Kansas and the damages, they will order a moratorium,” exclaims Joe Spease, chairman of the Kansas Sierra Club's fracking committee following a report from Kansas officials, who have been reluctant to link the mysterious earthquakes in south central Kansas to fracking, admitted last week that "we can say there is a strong correlation between the disposal of saltwater and the earthquakes." As LJWorld reports, it's the first time state officials have so clearly stated the likely cause of the earthquakes, which are afflicting a region where fracking is widely used.



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