• ilene
    01/28/2015 - 19:33
    Suppose you could print up counterfeit dollars, euros or yen that were identical to the real things. Fun, you think? Here's how it plays out. 

Florida

Tyler Durden's picture

The Next War In The Middle East Has Begun And Israel Vows "To Act Powerfully On All Fronts"





Israel and Hezbollah are at war.  On top of everything else that is going on in the world, now we have a new war in the Middle East, and nobody is quite certain what is going to happen next.  Israel has been preparing for this moment for more than 8 years.  So has Hezbollah...

 
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Jeff Gundlach Warns "The Fed Is About To Make A Big Mistake" (& That's Why Bond Yields Are Crashing)





Since The FOMC's "hawkish" statement, bond yields have utterly cratered as near-record speculative short positioning in bonds unwind the long-end (and worries about international problems - "and readings on financial and international developments"). However, fundamentally speaking, DoubleLine's Jeff Gundlach explains, the Federal Reserve is on the brink of making a big mistake simply put, "if Fed Chair Janet Yellen goes ahead with this plan (to raise rates for 'philosophical reasons'), she runs the risk of having to quickly reverse course and cut interest rates."

 
Cognitive Dissonance's picture

Tighten Those Chin Straps Folks Because Here Comes a Rapid Unscheduled Disassembly (RUD)





Just because we do not acknowledge the binds that tie us to our servitude does not invalidate their existence, but rather significantly strengthens them.

 
Tyler Durden's picture

"Prospects For A Home Run In 2015 Aren’t Good" - November Case-Shiller Confirms Ongoing Housing Market Slowdown





In a day of furious disappointments, the Case-Shiller housing report, albeit looking at the ancient economic picture as of November, confirmed what most had known: that the growth in housing prices slowed down yet again on not only a Year over Year basis, which rose just 4.31%, the lowest annual increase since October 2012 but also dropped by -0.22% decline on a monthly basis, which may not sound like much, but was the worst monthly drop since February 2012!

 
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America's Frightening "Policing For Profit" Nightmare





Just as people enjoy the presumption of innocence in a criminal trial, property owners never convicted or even charged with a crime should not be presumed guilty in civil asset forfeiture proceedings. The Civil Asset Forfeiture Reform Act of 2000 has proven inadequate for curbing abuses, as countless Americans across the nation, having done nothing wrong, continue to lose their homes, businesses, and, sometimes, their very lives to the aggressive, acquisitive policing that this law encourages. Civil asset forfeiture is a big challenge. While the Justice Department has recently stepped up to limit the scope of this problem, it is time for Congress to act.

 
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A Billionaire Lectures Serfs In Davos: "America's Lifestyle Expectations Are Far Too High"





Billionaire Jeff Greene - who flew his wife, children and two nannies on a private jet plane to Davos for the week - has some words of wisdom for the average American: "America’s lifestyle expectations are far too high and need to be adjusted so we have less things and a smaller, better existence. We need to reinvent our whole system of life."

 
Tyler Durden's picture

America's Ultra Luxury Housing Bubble Has Burst: "Deals Have Slowed To A Trickle"





As we further showed, the bulk of foreign demand for New York's most expensive properties, originated in China, Russia and various other oligarch-controlled nations, where the impetus to launder illegally obtained hot money meant an impulse to buy US real estate sight unseen and virtually at any price. And all of it, of course, all cash. No mortgages.  That onslaught of foreign oligarch demand is ending, and with it so is the bubble that luxurious New York real estate found itself in on the back of some $12 trillion in central bank liquidity created out of thin air in the past 6 years. Business Week cites Manhattan real estate agent Lisa Gustin who listed a four-bedroom Tribeca loft for $7.45 million in October, expecting a quick sale. Instead, she cut the price this month by $550,000. “I thought for sure a foreign buyer would come in"... They didn't.

 
testosteronepit's picture

What the Heck Is Happening to US Manufacturing?





Southeast worst since Financial Crisis. Atlanta Fed frets: oil bust, dollar?

 
Tyler Durden's picture

'Pin' Meet 'Housing Bubble 2.0'





The 30 Year U.S. Treasury bond yield hit 2.35% yesterday. Long term interest rates are not controlled by Yellen. They reflect the economic prospects of the country. When they are rising it means the economy is doing well. When they are plummeting to all time lows, the economy is either in recession or headed into recession. Take your pick. No amount of government data manipulation, feel good propaganda spewed by the captured mainstream media, or Ivy League educated Wall Street economist doublespeak, can change the fact this economy is in the dumper and headed much lower. The Greater Depression is resuming its downward march toward inevitable war.

 
Tyler Durden's picture

Caught On Tape: Elon Musk's SpaceX Rocket's "Rapid Unscheduled Disassembly" Event





It's not been a great week for Elon Musk. First he admits that Tesla sales in China were disappointing (which further tanked the stock down 15% in the last 3 weeks and over 36% off its record highs from last September) and then his SpaceX project suffered a significant setback in what Musk comedically called a "Full RUD (Rapid Unscheduled Disassembly) event."

 
Tyler Durden's picture

All Over America, Government Officials Are Cracking Down On Preppers





Why would the government want to punish people that are just trying to work hard, become more self-sufficient and take care of their families? If you use alternative methods to heat your home, or if you are not connected to the utility grid, or if you collect rainwater on your property, or if you believe that parents should have the ultimate say when it comes to health decisions for their children, you could become a target for overzealous government enforcers.

 
Tyler Durden's picture

Do You Pay Rent To Blackstone: This Is Where Wall Street Is America's Landlord





The short answer is in parts of Seattle, Charlotte, Phoenix, Atlanta, Tampa, Cincinnati, Raleigh, N.C., Houston, Denver, Columbus, Ohio, Sarasota-Bradenton, Fla., Raleigh, N.C., Chicago, and Winston-Salem, N.C. Among the 2,490 zip codes nationwide with at least one single family purchase by the top four institutional investors between January 2012 and October 2014, the top 50 zip codes with the highest percentage of purchases by the four largest institutional investors were in those metro areas. “The institutional investors kick-started the housing recovery by buying homes in bulk at the lowest point and holding them as rentals,” said Chris Pollinger, senior vice president of sales at First Team Real Estate, covering the Southern California market. Los Angeles County was among the top 10 for most purchases by institutional investors over the past three years, with 6,152. “As the market continues to climb, we expect these investors to start to sell off their inventory to capture the gains made in the past couple of years.”

 
Tyler Durden's picture

The Prison State Of America: More Jails Than Colleges





As we recently noted, The Prison State of America is alive and well as our prison-industrial complex, which holds 2.3 million prisoners, or 25 percent of the world’s prison population, makes money by keeping prisons full. While the statistics are mind-boggling, we thought it particularly ironic that on the day when President Obama officially launched his "free community-college for all" plan, that we point out there are more jails than colleges in America... and here's where they live...

 
Tyler Durden's picture

Frontrunning: January 6





  • Average 10-year yield of U.S., Japan and Germany dropped below 1% for the first time ever: Free Money in Bond Markets Shows Global Economy Still Struggling (BBG)
  • Brent falls below $52 as oil hits new five and a half year lows (Reuters)
  • China Fast-Tracks $1 Trillion in Projects to Spur Growth (BBG)
  • Saudi Arabia Raises Price of Main Oil Grade for Asian Buyers (BBG)
  • Oilfield Writedowns Loom as Crude Slump Guts Drilling Values (BBG)
  • Biggest Oil-Rig Drop Since 2009 Spells Tough Year Ahead (BBG)
  • CIA says its inspector general is resigning at end of month (Reuters)
  • Pipeline IPOs Climb on Demand for Returns Immune to Oil (BBG)
  • Natural Gas No Savior for Investors Seeking Oil Refuge (BBG)
  • Euro zone economy ended 2014 in poor shape (Reuters)
 
Tyler Durden's picture

These 19 States Just Hiked The Minimum Wage: Here Come The "Unintended Consequences"





The reason why the BLS has not yet revealed the reality of the shifting US labor force, and why there is virtually no real wage growth across the US, is that the BLS simply backs into statistically goal-seeked results, using seasonal and statistical (birth/death) adjustments to smooth a trendline to beat a monthly bogey used by algos to bid stocks higher. Meanwhile, the reality at the micro level, is that increasingly more Americans are seeing their work status transformed from full-time to part-time status, earning less in the process, having no healthcare and retirement benefits and virtually no job security. As a result, starting this year, some 19 states just increased their minimum wage threshold, with 3 more states due to follow later in 2015. This takes place at the state level because for numerous reasons, there simply wan't enough of a consensus to pass this at the Federal level.

 
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