ETC

Tyler Durden's picture

Greece Isn't The Problem; It's A Symptom Of The Problem





All eyes may be on Greece right now, but in reality, the economic malaise is widespread across the continent.  It’s clear that Greece is not the problem. It’s a symptom of the problem. The real problem is that every one of these nations has violated the universal law of prosperity: produce more than you consume. This is the way it works in nature, and for individuals.

 
Tyler Durden's picture

This Is The 'Thinnest' New High In Stock Market History





When we noted the stock market’s weak internals yesterday, we weren’t sure if things could get any worse – and by how much – with the major averages still able to hold near 52-week highs. Well, the answers were “yes” and “a lot”... yesterday, July 20, 2015, was the thinnest new high on record in the U.S. stock market.

 
Tyler Durden's picture

Subprime Auto Loan "Titan" Proclaims There's Nothing To Worry About





"in the 1990s, subprime borrowers typically were offered four-year car loans... Now, the standard is six years, partly because wages haven’t kept up with vehicle prices... I think that’s a good thing,... Unfortunately it seems to be painted as something bad, and I’m not sure why.”

 
Tim Knight from Slope of Hope's picture

And Now We Begin





A major bear market truly has started, and we're going to see the fraud from the past six years unwind in a glorious, albeit inconsistent, fashion.

 
Tyler Durden's picture

The American Nightmare: The Tyranny Of The Criminal Justice System





Justice in America is not all it’s cracked up to be. On paper, you may be innocent until proven guilty, but in actuality, you’ve already been tried, found guilty and convicted by police officers, prosecutors and judges long before you ever appear in a courtroom. Chronic injustice has turned the American dream into a nightmare.

 
Tyler Durden's picture

So You Say You "Don't" Want A Revolution?





What if Syriza were not just a particularly fluffy breed of miniature Europoodle but actual honest-to-goodness revolutionaries, ready to do whatever it takes? How would they act differently? And what would be the result? Given that the price is so high, perhaps it would be better after all if we just sat quietly, allowed the rich get richer as the poor get poorer, watched listlessly as the environment got completely destroyed by capitalist industrialists in blind pursuit of profit, and eventually curled up, kissed our sweet asses good-bye and died? Good luck selling that idea to young radicalized hotheads who have nothing to lose - except maybe you, if you happen to stand in their way as they change the world!

 
Monetary Metals's picture

Monetary Metals Supply and Demand Report 19 July, 2015





Greece. China. Banking system messes. Central bank printing. And here we are, under $1140. Breakdown?

That cannot be determined from price charts. We want to know the fundamentals of supply and demand. Here's how we measure it.

 
Tyler Durden's picture

How The Fed And Wall Street Are Eating Their Seed Corn





What both Wall Street in general as well as the Federal Reserve has wrought is a market so adulterated, so anemic, and so mistrusted the euphemistic “money on the sidelines” has more in common with nursery rhymes than it does with anything reality based. There is no money on the sidelines. Nobody wants “in” to this market. Anyone with half a brain and a modicum of common sense wants out – and the outflow numbers show it still to be true.

 
Tyler Durden's picture

French President Calls For The Creation Of United States Of Europe





French President Francois Hollande said that the 19 countries using the euro need their own government complete with a budget and parliament to cooperate better and overcome the Greek crisis. “Circumstances are leading us to accelerate,” Hollande said in an opinion piece published by the Journal du Dimanche on Sunday. “What threatens us is not too much Europe, but a lack of it.”... Countries in favor of more integration should move ahead, forming an “avant-garde,” Hollande said.

 
Tyler Durden's picture

Chinese "Bubble Trouble": Why UBS Thinks We're Only "Half Way Through"





The ongoing downshift in property construction will continue to undercut China's demand for commodities, raw materials and machinery, weigh on property as well as mining and industrial investment, and be a drag for overall GDP growth in 2016. The most direct and important channel through which this impact spreads is trade linkages, given China's role as the top exporter and second largest importer in the world.

 
Tim Knight from Slope of Hope's picture

A Ratio Worth Respecting





This contrarian play could be one of the most potent and profitable strategies in years.

 
Tyler Durden's picture

When It Comes To Total Debt, Greece Is Not That Much Worse Than France (Or The USA)





Now that even the IMF has admitted Greece has an unsustainable debt problem with a debt-to-GDP ratio which will soon cross 200% after its third bailout (even if it leaves open the question what the IMF thinks about Japan's debt "sustainability") we wonder what the IMF thinks when looking at Greece's net government liabilities, which as SocGen's Albert Edwards reminds us are rapidly approaching 1000%. Which incidentally means that Greece is only marginally better than the USA, whose comparable net liability is a little over 500%, while its other nearest comparable is none other than France, whose next president may will be "Madame Frexit" and whose biggest headache will be how to resolve government promises to creditors and retirees that are five times greater than the country's GDP.

 
Tyler Durden's picture

Thank Goodness Everything's Fixed





The trick is to borrow as much as you can and leverage it to the hilt, and buy, buy, buy.

 
Secular Investor's picture

LIVE From GREECE: Greek People Victims Of Political Games





Our boots-on-the-ground coverage from the Greek 'frontline': what do normal Greek citizens think of all this mess?

 
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