• 12/23/2014 - 13:41
    The system itself is completely corrupt and thoroughly rigged folks. What started as the totalitarian tiptoe has now turned into an extremely dangerous crony capitalist state.

ETC

Tyler Durden's picture

What Happens When Cash Is No Longer Trash?





Those who actually create value as opposed to chasing yield with nearly-free money will actually have some traction once the swamp of excess liquidity drains.

 
Pivotfarm's picture

What’s the true risk for the Global Economy?





What’s the true risk for the global economy? Its pronounced: /d??fl?SH(?)n/

 
Tyler Durden's picture

In Uncharted Waters





Extend the trendlines in these charts, and then ask yourself: where do they end? What will they trigger as they push ever deeper into uncharted waters?

 
Tyler Durden's picture

The Artists' Road To Serfdom: The Commoditization Of Creative Content





This is the net result of commoditization: there's no premium for commoditized capital, labor, goods, services or content.

 
Phoenix Capital Research's picture

The Problem With Letting Academics Run the Economy





Janet Yellen is a career academic. This is not necessarily a bad thing. However, unlike most career academics, Janet Yellen is in charge of the US economy. In this light, one has to ask aloud, “why would you put someone with absolutely zero experience in creating jobs, growing a business, lending money, hiring, firing, etc. in

 
Tyler Durden's picture

When Confidence Crumbles





The confidence in the people who are supposedly, as well as supposed to be “in charge” is doing more than just dwindling. It’s crumbling in Humpty Dumpty like fashion. For no matter how they try – it too may never go back together. Once confidence wanes, or is lost, regaining it can be just as monumental of a task than the actual crisis itself.

 
Tyler Durden's picture

Our New Robot Overlords & The Third Type Of Capital





One systemic source of rising inequality is crony-capitalism/crony socialism: the vast array of insider deals, collusion, winners being picked by the central state, too big to fail banks bailed out with taxpayer money, etc. People are increasingly aware the Status Quo is rigged, and the playing field is tilted to favor the few inside the crony-capitalist castle (what we call the New Nobility in a Neofeudal economy). As a society, we will have to deal with the reality that the nature of work is fundamentally changing, and wages are no longer an adequate means of distributing the surplus of an economy.

 
Tyler Durden's picture

Peak Ebola? Even Goldman Is Now Warning About The Ebola Fear Factor





News about the spread of the Ebola virus has been an increasing focus for market participants in recent days. Despite rising media coverage, Ebola seems to have had little discernible effect on consumer sentiment to date. However, as Goldman Sachs notes, the "fear factor" associated with Ebola appears more significant than in past instances of pandemic concern. While expert opinion sees the likelihood of a significant outbreak of Ebola in the US as very low, it is likely any negative macroeconomic consequences are most likely to be transmitted through fear or risk-aversion channels.

 
Tyler Durden's picture

Jim Rogers Warns: Albert Edwards Is Right "Sell Everything & Run For Your Lives"





From Bitcoin to the Swiss gold referendum, and from Chinese trade and North Korean leadership, Jim Rogers covers a lot of ground in this excellent interview with Boom-Bust's Erin Ade. Rogers reflects on the end of the US bull market. citing a number of factors from breadth to the end of QE, adding that he agrees with Albert Edwards' perspective that now is the time to "sell everything and run for your lives," as the "consequences of [The Fed] are now being felt." Most notably though, Rogers believes the de-dollarization is here to stay as Western sanctions force many nations to find alternatives. Simply put, Rogers concludes, "we are all going to pay a terrible price for all this money-printing and debt."

 
Pivotfarm's picture

Crash 2014?





Is It Fair to compare this sell off to the Great Recession of 2008 and 2009?

 
Tyler Durden's picture

Inconceivable





A correction of significant magnitude is currently “inconceivable” as the U.S. is now “clearly” on a trajectory towards stronger economic growth. This is the “frame of belief” that pervades in the financial markets currently. However, there are many risks investors should not ignore. Making up losses is much harder than reinvesting stored capital once a clearer picture emerges. While the current belief that a correction of significant magnitude in the markets is "inconceivable," We are not sure that word means what they think it means.

 
George Washington's picture

Politicians Try to Make Ebola a Partisan Issue for the Upcoming Election … But BOTH Parties Dropped the Ball





Update: CDC Says Nurse Might Have Been SYMPTOMATIC While Flying ... And Study Says 21 Day Quarantine TOO SHORT

 
Tyler Durden's picture

Why The State Has Failed to Reform Our Broken Financial System





Expecting the state to truly reform the nation's engines of financialization is like asking the cocaine addict married to the wealthy dealer to divorce the dealer.

 
EconMatters's picture

Low Rates and QE are Deflationary at the Zero Bound





We know low interest rates and QE hasn`t worked, or they wouldn`t have to be re-initiated in the form of additional QE Programs, and we wouldn`t still be having this entire conversation 7 years after ZIRP began.

 
Phoenix Capital Research's picture

This is a Recipe For a Crash





The systemic risks underlying the Financial Crisis are in no way resolved. 

 
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