• EquityNet
    07/30/2015 - 07:23
    Elio Motors announced earlier this week that it has received “non-binding indications of interest” valued over $25MM through its initial crowdfunding campaign on StartEngine. To date, the company has...

Global Economy

Tyler Durden's picture

Stop Printing Money For The Banks, Hand Out Cash To The People Instead, Citi Tells Australia





"Fiscal stimulus to households was successful during the financial crisis. Cash payments to households of around 1% of GDP (half of the size deployed during the GFC) could help lift economic growth close to trend, particularly if the accompanying political message was “confidence enhancing." - Citi

 
dazzak's picture

Never before in the history of mankind, has so much been owed by so few to so many…..





Are we QE'd out??? It was supposed to be about the quality of growth,not helping the oligarchy protect their collective arses

 
Tyler Durden's picture

The Sick Man Of Asia - China's Looming Health Disaster





The financial pundits gushing over "The China Story" - that the Middle Kingdom's industrialization is a permanent boon to the global economy and China's poor - never calculate the human cost of that runaway industrialization and the vast inequalities it has unleashed. The human cost is staggering...

 
Tyler Durden's picture

Blurred Lines: Where Finance Ends And The Real Economy Begins





We should not even want to rebuild the world as it was in the decade of the 2000’s because it was so unbelievably unstable, a fact revealed persistently in the nearly eight years since that peak. Economists and central bankers treated the Panic of 2008 and the Great Recession as if it were a temporary interruption in an otherwise healthy system, a cyclical problem that over time heals on its own. Most of them still, to this day, hold the same view and the world’s economy and financial system is paying the costs of doing so. The eurodollar economy is falling apart and no amount of orthodoxy can reverse it because the eurodollar economy is orthodoxy.

 
GoldCore's picture

U.S. State Finances – Lack “Truth and Integrity” – Volcker Warns





The highly regarded former chairman of the Federal Reserve, Paul Volcker, has severely criticized the State Governments in the U.S. over “faulty practices” used to devise budgets which mask the true financial position of those states.

 
Tyler Durden's picture

"One Belt, One Road" May Be China's 'One Chance' To Save Collapsing Economy





Hungary becomes the first European country to sign on for China's ambitious Silk Road initiative. Beijing hopes the program will serve to relieve the country's industrial overcapacity problem while facilitating a tough transition to a consumer-led economic model. Given the growing number of headwinds China faces, "One Belt, One Road" may represent the counrty's 'one chance' to rescue the flagging economy.

 
GoldCore's picture

Deutsche Bank CEOs “Shown Door” – World’s Largest Holder of Derivatives In Trouble?





Deutsche Bank’s derivatives position is truly enormous. It was recently estimated to be around $54 trillion. Germany's GDP, the 4th largest in the world, was a mere $3.64 trillion in 2015. Were Deutsche Bank caught off-side in its derivatives positions there is not a government or institution on earth that could bail it out and it could lead to contagion in the German financial system and indeed in the global financial system.

 
Tyler Durden's picture

Tales From The Bizarro World





Some events make us question in which of the two we might actually be living in: what if it was some version of Bizarro?

 
Tyler Durden's picture

40 Million People Will Be Out Of Work Next Year, OECD Warns





Perhaps the most disturbing, and factual (unlike the IMF's forecast of Greek 2022 debt/GDP), finding is that unemployment in the OECD region has fallen only 1 per cent since its 2010 peak. In other words, by 2016, the group warned, 40 million people will be out of work, 7.5 million more than immediately before the crisis. 40 million angry people, with little hope of professional realization and lots of free time. Is it surprising why in recent months not a day passes without some mass violence event breaking out somewhere in the world.

 
Tyler Durden's picture

US Police And Prosecutors Fight To Retain Barbaric Right of “Civil Asset Forfeiture”





The fact that civil asset forfeiture continues to exist across the American landscape despite outrage and considerable media attention, is as good an example as any as to how far fallen and uncivilized our so-called “society” has become. It also proves the point demonstrated in a Princeton University study that the U.S. is not a democracy, and the desires of the people have no impact on how the country is governed.

 
Tyler Durden's picture

BOJ's Kuroda "Believes He Should Fly", Says Central Bankers Should Think Happy Thoughts





"I trust that many of you are familiar with the story of Peter Pan, in which it says, 'the moment you doubt whether you can fly, you cease forever to be able to do it.'"

 
Tyler Durden's picture

"If It Looks Like A Duck" - The Man In The Moon: Part 2





During “normal times” – an economic growth phase accompanied or generated by rising systemic leverage – central banks have incentive to promote nominal growth and inflation, which make banking systems profitable and their free-spending political overseers happy. In such times, commercial banks have fiduciary responsibilities to shareholders to constantly increase their market values, which they do by expanding their balance sheets.  Now that economies are highly leveraged, extinguishing debt would require banks to reduce the sizes of their loan books, which would shrink their market values. Thus, it seems economic policy makers never have incentive to promote debt extinguishment in the banking system, regardless of economic conditions or prospects.

 
Tyler Durden's picture

America's Biggest Secret: Wikileaks Is Raising A $100,000 Reward For Leaks Of The TPP





What Wikileaks is doing would be utterly meaningless and unnecessary in any representative democracy. However, in a oligarchic corporatocracy such as the US, it is of critical importance.

 
Tyler Durden's picture

Futures Slide Then Rebound On Endless "Unnamed Source" Greek Chatter, Dollar Slides; China Surges





Once again it's all about Greece, with the latest iteration of a "Greek deal is imminent" rumor making the rounds and, just like yesterday, sending futures in the green, just a little over an hour after the increasingly more illiquid E-mini future has slid 0.7%. The EUR, where the bulk of Virtu headline kneejerk reacting algos are to be found, has surged over 100 pips overnight on more hope and optimism.

 
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