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globalintelhub's picture

There is little difference between rich and poor in America





The further you go towards the tails of the bell curve, the more similar social characteristics.  In a society that has been even more polarized, we increasingly see similarities between the very wealthy, and the very poor.  The declining middle class is more and more a world of it's own (as the elite used to be). 

In Summary, the Superclass "Elite" UHNWI and the ultra poor have the following in common:

 
Tyler Durden's picture

It's A Fake, Fake, Fake America





"Fake", a simple definition: something that is not what it purports to be, a worthless imitation passed off as genuine; an impostor or charlatan.

Example: “American society is extraordinarily fake; filled with lies, fraud, facades, mirages, deception, disinformation, misinformation, propaganda and brainwashing.”

 
Tyler Durden's picture

The Real Value Of Cash





With the fundamental and economic backdrop becoming much more hostile toward investors in the intermediate term, understanding the value of cash as a "hedge" against loss becomes much more important. As John Hussman recently noted: "The overall economic and financial landscape, then, is one where obscene valuations imply zero or negative S&P 500 total returns for more than a decade — an outcome that is largely baked-in-the-cake regardless of shorter term economic or speculative factors. Presently, market internals remain unfavorable as well. Coming off of recent overvalued, overbought, overbullish extremes, this has historically opened a clear vulnerability of the market to air-pockets, free-falls and crashes."

 
Tyler Durden's picture

Malinvestment Lunacy Exposed As US Money Supply Growth Finally Begins To Crack





The decline in broad true money supply growth below the lower end of its 2 year long range is a major crack in the echo bubble edifice. Very likely it is the most important one yet.

 
Tyler Durden's picture

Should People Be Allowed To Work For $1 An Hour?





Whether a job requires intense effort and a specialized skill or just having a human brain, market prices are the only way to match people that want to do the job with the people that want the job done. Even $0/hour is sometimes voluntarily chosen by a worker who simply wants to help a certain cause. Mandated minimum wages eliminate these kinds of peaceful and productive arrangements, leaving both parties unsatisfied and society worse off.

 
Tyler Durden's picture

America's Great Lie. Europe's Great Shame. Russia's Great Case





The U.S. is, in fact, Europe’s enemy - not merely Russia’s enemy. Not merely the truth’s enemy. Not merely democracy’s enemy.

 
Tyler Durden's picture

Reflections On The Great Monetary Fiasco





All great monetary fiascos are forged upon a foundation of misperceptions and flawed premises. There’s always an underlying disturbance in money and credit masked by supposed new understandings, technologies, capabilities and superior financial apparatus. The notion back in 2006 and 2007 that the world was at the brink of a major crisis was considered absolute wackoism. Incredibly – and well worth contemplating these days - virtually no one saw the deep structural impairment associated with the protracted Bubble in “Wall Street Finance.” An even more momentous monetary fiasco has been perpetrated since the 2008 crisis, constructed upon a foundation of even more outlandish misperceptions and flawed premises.

 
Tyler Durden's picture

What A Negative Swap Spread Really Means (Spoiler Alert: Nothing Good)





Swap spreads recently took a nosedive and are once again trading at negative levels, even for shorter maturities. This market perversion suggest that Wall Street is a safer counterpart than the very institution that underwrites the whole fractional reserve fraud in the first place. To price in a higher risk premium on the US government than on US banks is a contradiction in terms so there need to be another explanation behind this puzzling market phenomenon... There is, and you're not going to like it.

 
Tyler Durden's picture

Why Only Free Speech Gives Safe Space To The Oppressed





Many campus activists have lashed out in frustration at “free speech purism,” which they regard as misplaced in the context of institutionalized oppression. But it is extremely short-sighted to sacrifice universal principle on the altar of identity politics for the sake of marginalized groups.

 
Tyler Durden's picture

Understanding The Power-Contest Between Aristocracies





At the core of global power stands the conflict between the Sauds (and their Sunni clergy) and the Iranians (and their Shiite clergy). One can’t understand U.S.-Russian relations, nor much else of what is happening in the world, without knowing the relevant historical background; and the origins and nature of the Sunni war against Shiia are arguably the most essential part of that to comprehend just how the United States came to back the Sunnis, and how Russia came to back the Shiites, in this war.

 
Tyler Durden's picture

3 Things: Earnings, Profits, Rates





"If you just exclude all the bad stuff, earnings look quite good."

 
Tyler Durden's picture

Why US Equities Are Rallying (In 1 Simple Chart)





One more time: It’s not Paris, Greece, China, Ebola, Fed rate-hike or not, etc... Nothing matters but OPEX...

 
Tyler Durden's picture

Inflation, Unemployment Soar As Brazil Remains Trapped In Stagflationary Nightmare





Just a day after a dismal read on GDP, the latest data out of Brazil shows a spike in both inflation and unemployment, as the country's economic outlook continues to deteriorate at an alarming pace.

 
Tyler Durden's picture

The 1% Is Rolling Over





Today’s financial world is a tough place for the average person but paradise for rich guys. As easy money raises asset prices, the owners of those assets make effortless profits. Then they buy expensive toys and trophy properties. Hence the recent boom in fine art, high-end real estate, yachts and private jets. But like all financial trends, this one has a limit, and that limit is now in sight. The 1%, it seems, is rolling over...

 
Tyler Durden's picture

The World's First Cashless Society Is Here - A Totalitarian's Dream Come True





Central planners around the world are waging a War on Cash because, as Ron Paul so eloquently put it "the cashless society is the [government]’s dream: total knowledge of, and control over, the finances of every single [citizen]." It is perhaps ironic then that Sweden, which became the first country in Europe to issue paper money in 1661, is probably going to be the first in the world to entirely eliminate it.

 
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