• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

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Tyler Durden's picture

How Can Older Workers Compete In An Economy That Values Youth?





Workers of all ages are caught in a vice. Older workers need to keep working longer in an economy which values younger workers (and their cheaper healthcare premiums). And here's why so many workers have to work longer - earned income's share of the GDP has been in a free-fall for decades as Fed-funded financiers and corporations skim an ever greater share of the nation's GDP. (Thanks again, Federal Reserve, for hollowing out our economy to benefit the few at the expense of the many.)

 
Tyler Durden's picture

Oil Market Hype And Crisis Signal Greater Troubles Ahead





A market entirely supported by rumors and hearsay can rally quickly, but also lose all gains at the drop of a hat. What the Doha debacle represents is a signal that the establishment is incrementally abandoning support for market systems.  This is translating to a loss of faith in central banks and major financial institutions. On top of this, look at the incredible amount of misinformation and misdirection that went into Doha, now completely exposed. The truth is crystal; the MSM lied and obfuscated helping the establishment to drive up oil prices and stocks, all for a mere six to eight weeks of market security.  As soon as these lies were revealed, volatility began to return. If the oil market bubble can implode (as it already has) in such a way due to the striking of fundamentals, then stocks can also be destabilized as well.

 
Tyler Durden's picture

How Systems Break: First They Slow Down





The reality that cannot be spoken is that all the financial systems we believe are permanent are actually on borrowed time. Alternatively, we can cling to a state of denial, and the dominant system will be replaced by arrangements that are not necessarily positive.

 
Sprott Money's picture

Bill Murphy: Silver – All about the Physical Market; Takin’ These Bums Out!





Maybe one day justice will be served and these people will know what it means for their entire families wealth to be evaporated as they have done to so many around the world.

 
Tyler Durden's picture

Sam Zell Predicts Recession Next Year: "I'm Being Realistic, Not Pessimistic"





"If somebody needs a bell ringing to figure out that the [market] frothy right now, then I’m in the business of selling hearing aids..."

 
Tyler Durden's picture

Why Sentiment, Positioning And Price Action Is All The Matters In This Market





As Adam Parker pointed out on Sunday, "'The main questions investors ask us today seem to be about the exterior appearance of the market and not fundamentals. “What is this price action telling you?” “What are other investors asking you about?” “How are other people positioned?” Or, “what’s the current sentiment?”" Here's why these are the only questions that matter.

 
Tim Knight from Slope of Hope's picture

Apple's Lost Lustre





For a huge period of time, Apple was an absolutely awful stock. It had its ups and downs, but the 1983 to 2003, a period of two entire decades, the stock went nowhere.

 
Tyler Durden's picture

The Lesson Of Empires: Once Privilege Limits Social Mobility, Collapse Is Inevitable





Among the many lessons of empires is one shared by virtually every empire:once the privileged few limit the rise of those from humble origins (i.e. social mobility), the empire is doomed to rising instability and collapse.

 
Sprott Money's picture

The Nature of a Career Politician





In a politician’s mind, the purpose of the existence of the populace is to fill the trough for the leaders. And, of course, the fuller, the better.

 
Tyler Durden's picture

Saudi King And Princes Blackmail The U.S. Government: What Happens Next





Saudi Arabia appears to be blackmailing the US, saying it would sell off American assets worth a 12-digit figure sum in dollars if Congress passes a bill allowing the Saudi Government to be held responsible for the 9/11 terrorist attacks.” To say that this threat from the Sauds is just “another sign of the escalating tensions between Saudi Arabia and the United States” seems like saying that a neighbor’s threat to bomb your house would constitute just “another sign of escalating tensions” between you and your neighbor.

 
Tyler Durden's picture

"America First" - The Trump Slogan the Establishment Hates





Why do they hate Donald Trump? Why has the Establishment pulled out all the stops in an effort to smear him, stop him, and crush him underfoot?

 
Tyler Durden's picture

The Entire Status Quo Is A Fraud





Fraud as a way of life caters an extravagant banquet of consequences. This can't be said politely: the entire status quo in America is a fraud.

 
Tyler Durden's picture

The New Middle Kingdom Of Concrete And The Red Depression Ahead





Massive borrowing to pay the interest is everywhere and always a sign that the the end is near. The crack-up phase of China’s insane borrowing and building boom is surely at hand.

 
Tyler Durden's picture

Swiss Bank Whistleblower Claims Panama Papers Was A CIA Operation





This just further confirms my belief that this whole “leak” isn’t what we are being told. This is the work of an intelligence agency working on behalf of a particular government, not on behalf of the public. Don’t be duped.

 
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