Donner

CFPB Makes It Easier For Customers To Sue Banks

"But... It’s all but certain that Republican lawmakers in control of the House and Senate will move quickly to overturn the rule as part of their ongoing efforts to cripple the consumer-watchdog agency and create a more business-friendly regulatory landscape"...

Tales From The FOMC Underground

"Many of today’s economic troubles are due to a fantastic guess proved false... That the wealth effect of inflated asset prices would stimulate demand in the economy."

Warnings From The Market's Mount Vesuvius

Whatever you make of it, you’d be well advised to heed Wednesday’s warning.  In fact, if you bend your ear just right, you can hear the cries of the ancients from 79 A.D. Pompeii.  “Get out while you still can,” they shriek.  “This is your final chance!”

Why The Fed Destroyed The Market Economy

But after 100-years of mismanagement, the last eight being in the radically extreme, the Fed has scored a big fat rotten tomato.  The data still stinks – GDP’s still anemic.  But the downside of their actions is downright putrid.

On GRExit, SPAilout, And Draghi's White Knight

We think as a matter of political reality, given the German polls, that Berlin will refuse to adequately fund Greece and that they will be forced back to the Drachma as a matter of Ms. Merkel’s desire for re-election. The honest truth is that the Greek debts have become so large and so impossible to pay that unless there is absolute debt forgiveness, which we think is politically impossible in Germany and a number of other European countries; the country must roll over as a matter of fiscal reality. In March, the last figures that are available, the Spanish banks lost $66 billion of capital as the citizens of Spain moved their money to safer havens. What the LTRO gave, the populace took away and the situation is unsustainable. Spain will soon be forced into a full-fledged bailout in my opinion which will require money for the regions and for the banks. What amazes us the most is that so many people have the honest opinion that Sir Draghi is going to come charging out from the round table, from the gilded gates of the ECB and save Europe. That White Knight is subject to the whims of Germany and the rest and all of the talk of independence and the separation of Church and State is just that; talk.