CRAP

The Cultural Purge Will Not Be Televised

"The idea that free speech has its limits somewhere around the point where it hurts somebody’s feelings is beyond idiotic and dangerous...Do you really want to live in a world where people sever business and personal relationships because a literal flash mob demands it? Where mobs get to pick and choose who you are allowed to associate with?"

New Rules Force Banks To Charge For Research; Hedge Funds Push Back: "We Won't Pay For Crap"

New rules in Europe, known as Mifid II, will force banks to charge separately for their equity research rather than lumping the cost in with trading fees.  But as one European fund noted, research analysts are likely to be the biggest loses since "there will be a lot of c**p that clients won’t pay for and that is when the big cuts [to the analyst workforce] at the global banks will come."

Blind Faith Everywhere

Beware of academics bearing models. Knowing prices are wrong and knowing when they are going to correct are two very different things - being able to survive until and through the correction is vital.

The Art And Pseudoscience Of Monetary Policy

Central planning via Fed monetary policy circa 2017 is an exercise in nonsense, plain and simple. But that’s not all, in addition to the fatal conceit of it all, there’s another fatal flaw.

How The Coming Wave Of Job Automation Will Affect You

What percentage of the workforce is at risk of being replaced by automation? Where will the displaced find new jobs? What job skills will remain largely immune to automation? How will the US government, which is funded to the tune of 92% by income-related taxes, replace the lost revenue… a robot tax?

"It's Quiet, Too Quiet"

The bulls and the bears have met at the crossroad. However, neither is ready to commit capital towards their inherent convictions. So, for 43-days, and counting, we remain range bound waiting for what is going to happen next... Every bull market in history has ultimately crumbled under the weight of fundamental realities. Despite the many hopes to the contrary, this time will be no different."

EconMatters's picture

When will Central Banks stop doing this bubble strategy with Monetary Policy, it ends the same way every Bubble Monetary Cycle, in a Financial Market Crisis and Economic Crash. James Bullard`s dovish comments today inspired more bubble building, Central Bankers are so irresponsible and asleep at the wheel.

Learning From The TV (Imagine That!)

The amount of time we collectively throw away watching what passes as "content" today on TV is truly depressing;. But amidst the vast sea of cable-network detritus, every so often there's a show or two that is worthwhile -- either for entertainment or for learning something.

Trump’s Inauguration: A Typical Norwegian Response To A Historical Event

Instead of being happy for America on our historic day, The Norwegian “America Experts” (Nettavisen in Norwegian) blasted him as fierce and divisive. VG, the leading Norwegian paper referred to the speech as dark. Nowhere, in their analysis, was a counter-thesis, offering the underlying reasons for Trump’s statements. No acknowledgment of our decline over the past generation, despite the technological gain and offshoring.

Vince Lanci's picture

Orphaned Liberals

It is fascinating that some 2nd generation liberals when asked why they are Democrats can't talk about ideas, but rather cite the people whose ideas they adhere to. In one instance, I volunteered to defend a liberal Dem friend on an issue. First, I asked him why he was a Democrat before setting out to back him up. His answer to why he was a Democrat was "Because my mother is." His mother was a multi-millionaire now and a long way from being progressive. My progressive liberal friend was a political orphan drinking kool-aid. Meanwhile his mom had long since swapped for Caymus Cabernet.