“If I scare you this morning, and as a result you take action, then I will have accomplished my goal," is how Casey Research's Jeff Clark began a recent conference speech. But the reality is that he didn’t need to try to scare anyone. Sadly, the evidence is overwhelming and has already alarmed most investors; our greatest risk is not a bad investment but our political exposure. And yet most of these same investors do not see any need to stash bullion outside their home countries. They view international diversification as an extreme move. Many don’t even care if capital controls are instituted. We're convinced that this is the most common - and important - strategic investment error made today...
The average jobseeker is hoping to nail down a corporate or government position, for the usual reasons: security, pay and benefits. But there aren't enough secure, high-paying corporate/government jobs for everyone who wants one. Low-wage serfdom is not the only alternative to a shiny Corporate America/government bureaucracy job. To understand the alternatives, we have to understand the economy we have, not the one we wish we had or the one we might have in the future.
Today, everyone believes that market price levels are largely driven by monetary policy and that we are all being played by politicians and central bankers using their words for effect rather than direct communication. No one requires convincing that market price levels are unsupported by real world economic activity. Everyone believes that this will all end badly, and the only real question is when.... There’s absolutely nothing sincere about the public sphere today, in its politics or its economics, and as a result we have lost faith in our public institutions, including public markets. It’s not the first time in the history of the Western world this has happened … the last time was in the 1930’s … and over time, perhaps a very long period of time, a modicum of faith will return. This, too, shall pass... It’s the public markets where faith has been lost, and that’s why the Golden Age of the Central Banker poses existential risks for firms and business strategies based on trading activity within those public markets.
Paying for unproductive friction with borrowed money has generated the illusion that free to me is actually free - it isn't. We all understand how friction slows our progress: flatten the tires on a bicycle and it becomes much harder to maintain speed. If a brake pad is rubbing against one wheel, it gets even harder. If we pile on additional sources of friction, eventually forward motion stops. In systemic terms, the system freezes up and collapses. We see the same systemic friction in the U.S. economy.
There are many ways to look at the United States government debt, obligations, and assets. But TrimTabs's Charles Biderman cuts straight to the bottom line and add it all up - $89.5 trillion in liabilities and $82 trillion in assets. There. It’s not a secret anymore, and although these are all government numbers, for some strange reason the government never adds them all together or explains them - but we will. No one can really know what will have value in this politicized crony capitalistic system as the hyper-monetization ramps up... all I can suggest is to hedge your bets with some physical precious metals and some minimal leveraged real estate. Unfortunately, the more you know, the more you know you don’t know... invest and live accordingly.
President Barack Obama has a direct message for the leaders of America’s biggest companies: if you have a complaint, you can keep your complaint. "If you look at what’s happened over the last four or five years, the folks who don’t have a right to complain are the folks at the top," Obama said in an interview with The Economist published over the weekend. As The WSJ adds, Obama maintained that complaints from corporate CEOs in the current environment should be taken with “a grain of salt” as most policies he has implemented have "generally been friendly towards business." In other words, thank me for the recovery, but don't blame me for the inequality - an irony we have noted numerous times.
Here we are now, two years later, and the ECB has failed to create the sustainable recovery that it promised. Because of this, in June of 2014, Mario Draghi implemented Negative Interest rate Policies or NIRP and hinted at launching a QE program
Self-interest is intrinsically self-liquidating on a systemic level. This is how systems collapse: those who have offloaded risk (a.k.a. skin in the game) to the system itself and guaranteed their job, income, pension or rentier skim via the State will continue to support the Status Quo that has benefited them so handsomely even as the ship tumbles over the waterfall to its destruction.
A Tennessee doctor, working at the same Liberian clinic as Dr. Kent Brantly - the Ebola-infected American who was flown to Atlanta yesterday for treatment - has placed himself in quarantine as a "precaution for [his] family." As ABC reports, Alan Jamison, a retired pediatrician, returned home to Morristown, Tenn., after he was evacuated from Liberia by the aid group he was volunteering for, says he's "feeling well" and showing no sign of symptoms; and claims since landing in the US, he said he's had no physical contact with anyone. As Mark St.Cyr notes, the Ebola virus which has been separated from the U.S. populace by the fortune of geological positioning has not only arrived on our doorstep, but was flown in deliberately on its own personal G5. Many are asking questions of; why? But perhaps the more crucial question is 'what if?' The what if question was this: "What if they need to bring them back because they had no choice? What if the reason they need to get them into better facilities is for the worst of all reasons? i.e., It’s already here."
The gold price manipulation scheme will go down as the biggest financial market scandal in US history for numerous reasons. They include the destruction of the free market system in the United States.
The market is extremely tired and the systemic risks underlying the Financial Crisis are in no way resolved. With investor complacency (as measured by the VIX) at record lows, the Fed withdrawing several of its more significant market props, and low participation coming from the larger institutions, this market is ripe for a serious correction.
America Used COMMUNIST Torture Techniques SPECIALLY DESIGNED to Produce F·A·L·S·E Confessions
Waiting to sell is akin to ignoring the smoke and flames in the crowded theater and hesitating until somebody yells "fire!" to rush for the now-jammed exit.
I’m a beer lover, but that beer-induced smile on my face is about to dry up.
The following are six of the most prevalent economic myths that appear time and again in the mainstream media...