ETC

Tyler Durden's picture

Our "Star Wars" Economy: The Fed-Farce Awakens





The Fed's hubris has led it to the Dark Side.

 
Tyler Durden's picture

November Unemployment Hits Seven Year High In Brazil As Supreme Court Mulls Impeachment Bid





Brazil's Supreme Court green lighted House Speaker Eduardo Cunha's Rousseff impeachment bid on Wednesday, even as the high court is also considering a request for his removal. Meanwhile, the economy continues to deteriorate as we just got the highest unemployment reading for the month of November in seven years."

 
Tyler Durden's picture

What If Economists Applied Their Own Theories... To Themselves





It appears that a main preoccupation of economists – the self declared “behavioral economists” prominent among them – is to show how dumb people are as consumers and in assessing risks. Drawn to logical conclusion, this implies that economists, advising benevolent dictators are the solution. In ancient Greece people flocked to oracles and sought guidance.; today, Councils of Economic Advisers, IMF, OECD, Nobel prizes sustain perceptions that "macro- strology" and much else of what economists do is "science."

 
Tyler Durden's picture

Asset Protection? Silver Has Held Its Value For 23 Centuries





How much do you think your paper currency will be worth 23 centuries from now? Or even 23 years? Or potentially even 23 months?

 
Tyler Durden's picture

On The Important Role Of Recessions - Austrians Had It Right





The continued misuse of capital and continued erroneous monetary policies have instigated not only the recent downturn but actually 30 years of an insidious slow moving infection that has destroyed the American legacy. “Recessions” should be embraced and utilized to clear the “excesses” that accrue in the economic system during the first half of the economic growth cycle. Trying to delay the inevitable, only makes the inevitable that much worse in the end.

 
ilene's picture

Sticker Shock: Fed to Hike Rates First Time in NINE Years!





China did everything it could to prevent a collapse and it still happened.  How do you think other countries will do?

 
Tyler Durden's picture

There's No Upside Left





The upside is ephemeral, illusory or wishful thinking; the downside is real and lasting.

 
Tyler Durden's picture

2015's Final Republican Presidential Nominee Debate - Live Feed





In the fifth and final GOP presidential nominee debate deathmatch (from The Ventian in Vegas), all eyes will be on the Cruz and Rubio as they vie for 2nd place to The Teflon Don. It won't be all plain-sailing for Trump (who warned CNN about "fairness" and slammed FOX's Megyn Kelly in the pre-debate tweetfest), who expects "them all to be coming for me," but we suspect Ben Carson will be a little quieter. With the stakes highest so far (and Iowa caucuses just 7 weeks away) for some of the also-rans it is put-up-or-shut-up time which may mean more fireworks and spectacle as Americans are distracted from their fear of terror, stagnant income, pre-Fed last supper.

 
Tyler Durden's picture

The Road To Galactic Serfdom - Libertarian Lessons From Star Wars





The libertarian spin on the path to the dark side has many lessons for our country. Shortly after 9/11, Vice President Dick Cheney said on television, “We also have to work, though, sort of the dark side, if you will.” And, stricken with terror and indulging in hate, America did embrace the dark side, accepting torture, indefinite detention, warrantless surveillance, assassination, perpetual illegal wars, and mass civilian casualties. Terror led to hate, hate led to aggression, and aggression has led to suffering, not only for the the direct victims of the wars, but for Westerners at home, as we find ourselves afflicted by blowback in the form of a refugee crisis and terrorist attacks.

 
Tyler Durden's picture

Why Has The Labor Participation Rate Plunged?





Combine the rising regulatory burden with the decline of entrepreneurship, and you get a bubbling brew that is toxic to self-employment/small business.

 
Tyler Durden's picture

Bitcoin Or Gold: Did The Alleged Bitcoin Creator Just Settle Once And For All What Is More Valuable?





Alleged bitcoin founder Craig "Coldfish" Wright once tried to trade nearly $85 million of virtual currency for gold, according to transcipts from ATO meetings and an account penned by The Australian. The transaction, purportedly conducted with controversial businessman Mark Ferrier, suggests that the man some say is the fabled Satoshi Nakamoto may have believed that his creation was nothing more than "funny money" after all. 

 
Phoenix Capital Research's picture

The Fuse on the Global Debt Bomb Has Been Lit





The $100 trillion global bond bubble has begun bursting.

 
Tyler Durden's picture

How To Determine If Your Fund Is At Risk Of Runs, Gating And Liquidation, In One Chart





In light of surging concerns about mutual and hedge fund fixed income (and soon other asset classes) "gating", "runs" or outright liquidation, Deutsche Bank has prepared the following infographic which summarizes the main choke points which predispose both open and closed-end funds to runs or outright shutdown.

 
Tyler Durden's picture

"Ferocious Surprises" Await Bonds Traders In 2016





It should be easy to at least get the direction of interest rate changes correct, most of the time.  Instead as we see in the chart here, professional money managers always get this wrong (and truth be told this pattern has been going on for many cycles).  The problem is just as bad when it comes to predicting stock price changes for the following year. While both risks in stock and bond markets are again smouldering in advance we focus our attention here on the knottier and more pertinent idea of the dispersion about interest rates expected for 2016.  In other words, what should this probability distribution of outcomes or errors best look like?

 
Tyler Durden's picture

If Washington Were Serious About Defeating Terrorism, It Would Have An Entirely Different Playbook





If the United States were truly serious about terrorism, it would start by gauging the level of threat properly and communicating that appraisal to the American people: We would also have a more honest and open discussion about our own role in generating it; we would now be having a frank discussion about the role of the media; we’d also see more creative efforts to discredit, marginalize, spoof, and embarrass the groups we oppose; and you’d see a more hardnosed approach to the various American “allies” who are part of the problem rather than being part of the solution.

 
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