CRAP

Capitalist Exploits's picture

Is This How It All Begins to Unravel?





If the Fed indeed raises rates in June, we're likely to begin to see periphery sovereign debt defaults

 
Tyler Durden's picture

Caught on Hot Mic – Janet Napolitano Says “We Don’t Have to Listen to This Crap”





University of California President Janet Napolitano wants students' voices to be heard — unless it means "listening to their crap."

 
Tyler Durden's picture

From Yellen Put To Yellen Massacre





Yellen has created a narrative about the US economy, especially the (un)employment rate, and with the narrative is now firmly in place, Yellen and her stooges can claim they have no choice but to hike In short, Janet Yellen will go down into history as the person responsible for what may be the biggest economic crash ever, or at least delivering the final punch of the way into it, a crash that will make the rich banks even much richer. And there is not one iota of coincidence in there. Yellen works for those banks. The Fed only ever held investors’ hands because that worked out well for Wall Street. And now that’s over. Y’all are on the same side of the same trade, and there’s no profit for Wall Street that way.

 
EconMatters's picture

Six Days Until Bond Market Crash Begins





The Federal Reserve, and now the European Union have set the stage for the biggest collapse in bond markets that will make the sub-prime financial crisis look like a cakewalk

 
Tyler Durden's picture

Breaking Bad (Debt) - Episode 3





The 2008 worldwide financial crisis was produced due to excessively easy monetary policy, which caused the largest debt driven mal-investment in housing, automobiles, and Chinese produced crap in world history. The consequences of this debt bacchanalia should have been the orderly liquidation of the Wall Street entities that created the crisis, the writing off of trillions in bad debt, corporate and personal bankruptcies of businesses and people who borrowed recklessly, a sharp steep economic decline to cleanse the excesses, and politicians who immediately began the process of reducing budgets and addressing long term unfunded unpayable liability promises. Instead, the psychotic oligarchs did not want to lose any of their power, wealth or control over the proletariat. They have done the exact opposite of what needed to be done.

 
Tyler Durden's picture

A Nation Of Truckers





 
Tyler Durden's picture

"We Messed Up Badly" Lenovo Admits Putting Tracking Software On Your PC





Meet SuperFish - Lenovo's, the world's largest computer manufacturer, pre-installed, image recognizing tracking software that monitors everything you do, and breaches web security... all for the purpose of pushing more ads in your face. After its initial approach of being completely unapologetic and dismissal, Lenovo is now groveling for forgiveness. The company’s Chief Technology Officer now says, “We messed up badly here,” and “We made a mistake.”

 
Tyler Durden's picture

JPY Slides After Japanese GDP Disappoints (Again); Economy Minister "Hopes" For Wage Increases





It appears "hope" is a strategy in Japan. Abe's nation emerged from recession in Q4 but with business spending (capex grew at a mere 0.1%) and private consumption (+0.3% - which Amari defined as "solid private demand supporting economic recovery") both coming in considerably below estimates, Japanese GDP QoQ SAAR grew at+2.2% (missing expectations of 3.7%) but real GDP growth was negative for the 3rd quarter in a row. Of course the GDP deflator grew at 2.3%, beating expectations, is desperately clung to by Japan's economy minster Amari as evidence of the end of deflation in Japan.

 
Tyler Durden's picture

Want To Know Where The Next Bear Market Is? Look Around!





If you want to know where the next bear market is, look around at the people who are enjoying unimaginable wealth. Mr. Market has a habit of correcting things over time. My guess is that you won’t be paid $200K/year to drive trucks in North Dakota for much longer. The best thing about capitalism is that everything is temporary. The last time around, people had the stock, could have sold it, and didn’t. Nothing lasts forever.

 
Tyler Durden's picture

It’s Not The Greeks Who Failed, It’s The EU





It’s important that we all, European or not, grasp how lacking in morality the entire system prevalent in the west, including the EU, has become. This shows in East Ukraine, where sheer propaganda has shaped opinions for at least a full year now. It’s not about what is real, it’s about what ‘leaders’ would like you to think and believe. And this same immorality has conquered Greece too; there may be no guns, but there are plenty victims. The EU is a disgrace, a predatory beast unleashed upon all corners of Europe that resist central control and, well, debt slavery really, if you live on the wrong side of the tracks. SYRIZA may be the last chance Europe has to right its wrongs, before fighting in the streets becomes an everyday reality.

 
Tyler Durden's picture

France 'Proves' Q€ Is Entirely Useless





According to the doctrine of central planners, the idea of Q€ is to lower rates to encourage borrowing (and credit creation) to spark growth and kickstart a virtuous recovery. As the following chart shows, that is total and utter crap... French jobseekers just hit a fresh record high and French rates just hit a record low - and that has been the story for 6 years. So  - just as The Fed was finally forced to admit, Q€ is nothing more than wealth redistribution from all taxpayers to the ultra-rich asset owners who - it is hoped- will bless the plebeians with some trickle-down-ness... with every asset under the moon already at record highs, once again we ask - just what do you think this will achieve Draghi.

 
Tyler Durden's picture

The Template Of Life In America Has Broken





The more detached from reality American culture becomes the more strictly ceremonial leadership gets, as illustrated by the raft of bromides Barack Obama floated past the assembled vassalage of government last week in another grand effort to avoid the necessities of the moment. Those necessities include freeing a hostage public from the tyrannical clutches of corporate despotism — the evil empire of big boxes, big burgers, big pharma, Big Brother — and the atrocious rackets fostered by them that masquerade as an economy. The template of the life we have known is broken and the pieces within are flying apart, and no amount of wishing or promising can keep them going. If this society is even going to survive, the people have to smash their way out of this template prison, probably against the efforts of the people and organizations now running it merely for their own benefit.

 
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