Meltdown

Tyler Durden's picture

Hedge Fund Billionaire Slams Democracy, Says The "Tyranny Of The Majority Is An Unhealthy Development"





In his latest letter to investors, OakTree Capital's Howard Marks goes political (slamming Trump's tariffs and Bernie's minimum wage machinations), shedding some blinding light on the economic reality of America, the dismal failure (and increasing impotence) of central bankers, and the ongoing "tryanny of the majority" warning that if everyone wants to tax-the-rich, soon there will be no rich to tax. As he concludes, short-term fixes simply cannot create wealth out of thin air (see Venezuela), as Churchill once said "for a nation to try to tax [or stimulate or devalue] itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle."

 
Tyler Durden's picture

Five Years Later, TEPCO Still Can't Locate 600 Tons Of Melted Radioactive Fuel





Five years after the Fukushima tragedy, TEPCO's chief of decommissioning Naohiro Masuda admits that the company still has no idea exactly where 600 tons of melted radioactive fuel from three nuclear reactors is located.

 
Tyler Durden's picture

Losing Ground In Flyover America





The Fed’s paint-by-the-numbers Keynesian incrementalism leaves it blind to the underlying rot in the US economy and to drastically over-estimate its capacity to maintain a stable growth equilibrium. In fact, corporate America is being strip-mined by Fed-fueled financial engineering and flyover America is sinking irretrievably into debt, dependency and shrinking living standards.

 
Tyler Durden's picture

Warning Signs Everywhere





You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.”

 
Phoenix Capital Research's picture

The Fuse is Lit on the Corporate Bond Market





And if you believe the defaults will be isolated to Energy companies, you’re mistaken. 

 
Tyler Durden's picture

We're In The Eye Of A Global Financial Hurricane





The global financial system is in the eye of an unprecedented hurricane. While central bankers are congratulating themselves on their god-like mastery of Nature, and secretly praying to the idols of the Keynesian Cargo Cult every night, the inevitable consequence of borrowing from the future, the obsession with "growth" at any cost and financialization /monetary stimulus, a.k.a. the rich get richer thanks to central banks is systemic collapse.

 
Tyler Durden's picture

Everything Is Not Awesome! Study Finds LEGOs Becoming Increasingly Violent





Not only is there real world conflict to worry about, it turns out there are an increasing amount of conflicts to worry about in Legoland as well. According to a study by New Zealand's University of Canterbury, violence in LEGO products has increased significantly as the company looks to boost sales.

 
Tyler Durden's picture

Democratic Party Warns Sanders Supporters May "Instigate Actual Violence" At Convention





While Hillary continues to remind everyone that her nomination is a "done deal", supporters of Bernie Sanders refuse to go quietly into the night.  Bernie's supporters put so much pressure on establishment Senator Barbara Boxer that she suffered an unfortunate meltdown in Nevada recently; they plan to do the same at the Democratic National Convention in July as well. As a result, the Nevada State Democratic Party has warned that the demonstrations may be used to instigate "actual violence."

 
Tyler Durden's picture

"He's Burning Down The House" - Clinton Campaign Furious At Sanders Insistence On Democracy





"This is the worst case scenario, and the one people feared the most. Unfortunately he's choosing the path of burning down the house. He continues with character attacks against Hillary. He continues with calling the Democratic party corrupt, and he not only risks damaging Hillary Clinton and the Democratic party but he's currently donig it." said a Clinton ally according to The Hill. With almost every national and state poll showing Sen. Sanders doing much, much better than Secretary Clinton against Donald Trump, it is clear that millions of Americans have growing doubts about the Clinton campaign.

 
Phoenix Capital Research's picture

Are Stocks About to Hit Another Air Pocket?





The underlying economic ugliness that triggered the August and January meltdowns emerges once again.

 
Tyler Durden's picture

No More Twofers - Why The Vaunted "Clinton Prosperity" Of The 1990s Is A Risible Myth





"...my husband, who I will put in charge of revitalizing the economy ’cause he knows what he’s doing."

Actually, he doesn’t. In truth, it was the doing of Alan Greenspan, and not in a good way.

 
Tyler Durden's picture

Trump Gains Ground On Hillary As Democratic Infighting Takes Its Toll





While all Hillary wants to do (aside from staying out of jail) is rid herself of Bernie Sanders so the campaign can turn its attention to Trump, Sanders doesn't appear to be ready for any of that just yet. According to The Hill, Sanders released a statement Tuesday in response to criticism of his supporters' behavior in Nevada calling the charges "nonsense", adding that the party either needs to embrace "people who are prepared to fight for real economic and social change, or choose to maintain its status quo structure and remain dependent on big-money campaign contributions."

 
Tyler Durden's picture

"They Are Scared To Death" - CEO Explains The Single Biggest Reason Why People Are Buying Precious Metals





We can talk about technical charts, supply and demand fundamentals, and price manipulation, all of which point to significant increases in the value of gold and silver for the foreseeable future. But according to Golden Arrow Resources CEO Joseph Grosso, who is credited with the discovery of the largest silver deposit in history, the single biggest reason that retail investors, institutional players and governments around the world are gobbling up physical precious metals, resource stocks and ETF’s at unprecedented levels is that they are scared to death of the state of the global economy and where it will go next...

 
Tyler Durden's picture

Peter Schiff On Trump's "Realism" & Krugman's "Scruples"





The difference between Trump and his critics is that he must believe there is a cost in printing too much money. Modern economists do not appear to grasp this basic concept.

 
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