ETC

It's Now Almost Impossible To Save For Retirement

Zero (or negative) interest rates around the world have practically destroyed any reasonable expectation of savings. Simply put, saving money guarantees that you will lose after adjusting for inflation, at a time when the US government’s finances have never been more precarious. Crazy. Buying ‘risk free’ bonds, dumping money in a mutual fund, and waiting for the government pension to kick in just won’t produce the results that it used to.

The Status Quo Has Failed And Is Beyond Reform

That the status quo--the current pyramid of wealth and power dominated by the few at the top - has failed is self-evident, but we can't bear to talk about it. This is not just the result of a corporate media that serves up a steady spew of pro-status quo propaganda--it is also the result of self-censorship and denial. The truth is the usual menu of reforms can’t stop this failure, so we have to prepare ourselves for the radical transformations ahead.

Bernie Sanders Is A "Testament To American Suckerdom"

While pro-Bernie progressives are free to create their own communities in Ron Paul’s world, Ron Paul libertarians are compelled by force to participate in Bernie’s world. That is the fundamental difference between liberty and socialism, between voluntaryism and collectivism, between statism and private property. Nothing prevents progressives from living as they wish now, except the very things they viciously oppose: decentralization, secession, and local control.

The SPV Loophole: Draghi Just Unleashed "QE For The Entire World"... And May Have Bailed Out US Shale

"The ECB stands ready to buy bonds from Euro Area issuers even when their parent companies are outside of the bloc. Already we can find a number of US, UK and Swiss headquartered names that issue out of SPVs incorporated in the Euro Area. If this trend to SPV issuance catches on, then the ECB’s policies will likely be very reflationary for all credit markets across the globe, and because of a likely refinancing wave – equity markets too."

"Why I'm Proud That My Tax Bill Is Zero!"

The standard narrative we are told by the government and their lapdog media is that tax avoidance is something that self-centered rich assholes do so that they can buy more Ferraris. This is complete propaganda. Taking legal steps to reduce what you owe is all about ensuring that your labor goes to the causes that YOU believe in, rather than funding spy agencies and bombing raids on children’s hospitals.

Why Commodities Are Selling Off (And What It Means For Demand)

Every market participant has pondered the shenanigans occurring in many commodities in recent weeks as Iron ore, Rebar, Copper, and Steel prices have all gone parabolic. We warned that this was not real demand-driven but purely credit-fuleed malinvestment here, and today, as Credit Suisse notes, we seem to have got confirmation as these metals are tumbling after China raises margins/commission on metal futures.

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.)

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.

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.

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.