Fail

Tyler Durden's picture

"But Still There Is Faith In The Central Bank..."





“[W]e have placed the exclusive custody of our entire banking reserve in the hands of a single board of directors not particularly trained for the duty - who might be called 'amateurs'... But still there is a faith in the Bank, contrary to experience, and despising evidence.

 
Tyler Durden's picture

Bill Gross: "This Is All Ending"





When does our credit based financial system sputter / break down? When investable assets pose too much risk for too little return. Not immediately, but at the margin, credit and stocks begin to be exchanged for figurative and sometimes literal money in a mattress.” We are approaching that point now as bond yields, credit spreads and stock prices have brought financial wealth forward to the point of exhaustion. A rational investor must indeed have a sense of an ending, not another Lehman crash, but a crush of perpetual bull market enthusiasm.

 
Tyler Durden's picture

There Is No Solution To The Crisis





The end result of Fed policy appears to be to keep us in perpetual economic malaise, to keep us all confused. They keep interest rates low masking the huge structural issues of huge federal budget deficits and whenever the economy appears to be picking up a bit, they threaten to take away the government props of QE and low interest rates faster thereby slapping down the economy. All this happening while the ticking time bomb of huge Federal Debt accumulates more potency. There is no solution to the crisis, merely a choice of which roads to choose, a deflationary debt collapse, or a hyperinflationary dollar collapse or World War III. Pick your poison...

 
Tyler Durden's picture

There Is No Recovery: Sucking Spoilt Milk From A Bloated Dead Sow





"With US GDP growth ‘officially’ back where it belongs, in the Arctic zone close to freezing on the surface but much worse in real life, for reasons both Albert Edwards and Ambrose Evans-Pritchard (not exactly a pair of Siamese twins) remarked this week; that is, excluding the 'biggest inventory build in history, the economy contracted sharply', it’s time for everyone to at long last change the angle from which they view the world, if not the color of their glasses."

 
Tyler Durden's picture

Dear CFTC, The Market Is Still Broken





While we are delighted that you take advantage of the daily posts on Zero Hedge detailing flagrant spoofing across various asset classes (which you use to promptly ban two gold manipulators yesterday), the reality is that with every passing day the market becomes more disjointed, more fragmented, more broken.

 
Tyler Durden's picture

"Too Big To Fail Is A License For Recklessness" America's Banking System Is A "Fragile House Of Cards"





"Too Big to Fail is a license for recklessness. These institutions defy notions of fairness, accountability, and responsibility... They benefit from the upside and expose the rest of us to the downside of their decisions. These banks are too powerful politically as well... Effectively we're hostages because their failure would be so harmful. They're likely to be bailed out if their risks don't turn out well and the largest financial firms in America can hide an enormous amount of risk in derivatives which creates a house of cards — a very fragile system."

 
Pivotfarm's picture

The 10 Most Influential Economists (Still ALIVE)





So if you were sitting then in the turmoil of the economic upheaval and had to get on the phone to the one person that was likely to get you through the mortgage rates hikes and the jobless rates or the spiraling debt and inflationary pressure, then who would you immediately think of?

 
Tyler Durden's picture

Baltimore As A Microcosm Of America





Baltimore, Maryland is in many ways the perfect microcosm for these United States of America.

If you still don’t get that, you’ll be in for a rude awakening in the years ahead.

 
Tyler Durden's picture

71% Of Wall Street Bankers Admit They Are Too Big To Fail (And Underpaid)





Wall Streeters are not happy. According to the latest Bloomberg poll, 48% believe they are paid less (or much less) than they had hoped for. With the biggest banks cutting costs as new regulations force derisking and deleveraging (in theory), pay is taking a hit (although not so much for the CEOs). As one headhunter noted, "they're still making decent money, but it’s nothing like 2007," but ironically, a massive 71% of Wall Street bankers admit that their banks are still Too Big To Fail.

 
Tyler Durden's picture

When The Herd Turns





The ultimate hubris of central banks was their supreme belief in their own powers to direct the herd. As long as the herd was stampeding in one direction, the central banks could imagine that their shouted orders were directing the herd. But once the herd turns, the futility of those orders will be revealed.
 
Tyler Durden's picture

The Financial Markets Now Control Everything





The financial markets don't just dominate the economy - they now control everything.

 
Tyler Durden's picture

Texas College Teacher Fails Entire Class After Being Told To "Chill Out"





Texas A&M Professor Irwin Horwitz was fed up with what he perceived to be disrespect and general incompetence on the part of his strategic management class so he did what many a college professor across the country has at one time or another dreamed of doing: he failed everyone.

 
Phoenix Capital Research's picture

If Gold Is Not Money… Why Do Clearinghouses and Former Fed Chairs Say It Is?





Take note, Gold is officially money for the most powerful entities in the world. They are not only accepting Gold as collateral but are openly trying to insure that they have their own Gold in safe custody.

 
Tyler Durden's picture

Failed Chinese Local Bond Offering Leads To PBOC Easing Confusion





An inauspicious start to China's local government debt swap initiative has the PBoC scrambling to determine the best way to facilitate the successful issuance of new municipal securities as several provinces have reportedly canceled or delayed offerings. Now, the question is whether Chinese LTROs will be enough, or whether outright QE will ultimately be the only option.

 
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