• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Krugman

Tyler Durden's picture

"Super-Welfare" Guaranteed Income For All Isn't a Solution - It's Just The New Serfdom





To the degree that serfdom is political powerlessness and near-zero access to the processes of accumulating productive capital, super-welfare guaranteed income for all is simply serfdom institutionalized into a Hell devoid of purpose, pride, meaning, community and positive social roles.

 
Tyler Durden's picture

Krugman Doesn't Understand Why "Darkness Is Spreading Over Part Of Our Society"





"...middle-aged whites have lost the narrative of their lives. ... while universal health care, higher minimum wages, aid to education, and so on would do a lot to help Americans in trouble, I’m not sure whether they’re enough to cure existential despair."

 
Tyler Durden's picture

"Let's Go For A Big Cut" - ECB "Consensus Forming" For Far Greater Negative Rates, Reuters Reports





Compare and contrast:

- In the US, after 7 years of ZIRP and QE, the expected December rate hike is supposed to push up inflation and confirm the economy is improving; it is naturally bullish for stocks.
- In Europe, a year and a half of NIRP and a year of QE, a December rate cut further into negative territory is supposed to push up inflation and confirm the economy is improving; it is naturally bullish for stocks.

 
Capitalist Exploits's picture

Q&A: Will China Stop Its Bleeding with Even Tighter Capital Controls?





Ironically, it would only exacerbate the pressure and you can handsomely profit from it

 
Tyler Durden's picture

The BoJ Owns 52% Of The Entire Japanese ETF Market , And Now It Wants More





Haruhiko Kuroda owns 52% of all Japanese ETFs. And now he wants more. Facing a lack of willing JGB sellers, the BoJ now faces the possibility that ramping up its easing efforts will entail expanding the bank's already elephantine equity portfolio. "At a fundamental level, I don’t support the idea of central banks buying ETFs or equities. Unlike bonds, equities never redeem. That means they will have to be sold at some point, which creates market risk."

 
Sprott Money's picture

The Krugman Con





Gold’s biggest enemy is a brilliant Nobel Prize winning economist, university professor and columnist for the New York Times. Sadly, he is also a con man. 

 
Tyler Durden's picture

The Chart Showing What Runaway QE Looks Like





Well, Krugman got his wish.

 
Tyler Durden's picture

Sweden Launches MOAR QE, As Krugman Paradise Quadruples Down After Dovish Draghi





Fearing the size of Mario Draghi's bazooka (so to speak), Sweden's Riksbank has just expanded QE by SEK65 billion, marking the fourth expansion in nine months and serving notice that the beggar-thy-neighbor, monetary madness gripping DM central banks isn't likely to dissipate anytime soon.

 
Tyler Durden's picture

America's "Inevitable" Revolution & The Redistribution Fallacy





"There are so many fault lines that the nation seems consumed by a conflict of all against all... there is an inevitable “revolution” coming because our politics, culture, education, economics and even philanthropy are so polarized that the country can no longer resolve its differences."

 
Tyler Durden's picture

Japanese Firms Admit Abenomics Failed, Government Now "Left Trying To Redistribute Wealth"





Do not believe in official statistics, Japanese retailers seem to be saying, as they cut earnings forecasts and warn of lackluster consumer spending, a key growth engine for Japan at a time when exports and factory output are stalling. Despite government statistics claining a 2.9% rise in household spending, Reuters reports Japanese retailers exclaimed "Consumer spending has ground to a halt," as Japan heads for a quintuple dip recession. Amid falling wages and higher costs, on apparel maker warned "shoppers are tightening their purse strings." The government's initial growth strategy did not really expand the pie, "now the government is simply left trying to redistribute wealth."

 
Tyler Durden's picture

"You Never Go Full-Krugman": Insane Helicopter Money Calls Continue As Trapped Central Banks Face Keynesian Endgame





"The helicopter. Rather than buying assets, central banks drop money on the street. Or even better, in a more modern and civilised fashion, credit our bank accounts!" Yes, "even better!"...

 
Tyler Durden's picture

ECB Will Boost QE By 120% To €2.4 Trillion, S&P Predicts





When a lot of Keynesian cowbell doesn't work, the only cure for the deflationary fever must be more Keynesian cowbell which explains why Japan is about to double down on Abenomics, and why the ECB will almost invariably expand PSPP now that the deflationary boogeyman is back in Europe. Indeed, S&P is now out calling for ECB Q€ to last for nearly two years longer than originally planned and for the size of the program to be expanded to a Dr. Evil-ish €2,400,000,000,000.

 
Tyler Durden's picture

The Real Reasons Why The Fed Will Hike Interest Rates





With a complex and disaster-prone system of interdependence causing social strife and chaos, why not just simplify everything with a global currency and perhaps even global governance? The elites will squeeze the collapse for all it’s worth if they can, and a Fed rate hike may be exactly what they need to begin the final descent.

 
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