Meltdown

Tyler Durden's picture

Central Banking Refuted In One Blog - Thanks Ben!





Blogger Ben’s work is already done. In his very first substantive post as a civilian he gave away all the secrets of the monetary temple. The Bernank actually refuted the case for modern central banking in one blog. The truth is the real world of capitalism is far, far too complex and dynamic to be measured and assessed with the exactitude implied by Bernanke’s gobbledygook. In fact, what his purported necessity for choosing a rate “somewhere” actually involves is the age old problem of socialist calculation.

 
Tyler Durden's picture

Why The Mania Is Getting Scary - Central Bankers Are Running A Doomsday Machine





"The utterances of the Yellen/Zhou duo who kicked off yesterday’s rip make absolutely clear why the central bankers will never stop stimulating. They have embraced a spurious “inflation deficiency” doctrine, and have thereby, in effect, lashed themselves to the wheel of a doomsday machine."

 
Tyler Durden's picture

A Tale Of Two Streets: Main Street Lagging, Wall Street Booming





At the end of the day there is a considerable irony. The Fed has now become the tool of liberal Keynesian do-gooders - exemplified by the school marm who heads it. But its policies are exclusively benefiting Wall Street and the top 1%. They are redistributing income and wealth to the top, not the bottom of society as liberals have always claimed. Needless to say, main street does not need that kind of “help”. And it would do far better on its own hind legs if the monetary politburo joined its Soviet colleagues in the afterlife of mistaken ideologies.

 
Tyler Durden's picture

Will Cash Always Be Trash, Or Will It One Day Be King?





When the phantom wealth evaporates and risk assets go bidless, cash will once again be king, for the simple reason there will be so little of it.

 
Tyler Durden's picture

Beyond Iran And Pakistan: 7 Nuclear Wannabes





While fear still lingers of a nuclear catastrophe on a similar scale as Fukushima, or earlier accidents such as Three Mile Island or Chernobyl, that hasn’t stopped a slew of countries from moving forward on plans to develop nuclear plants as an adjunct to existing power sources like hydro, coal, natural gas and good ol’ oil. Especially in developing countries that lack access to fossil fuels, nuclear is seen as a viable and cost-effective form of baseload power.

 
Tyler Durden's picture

The Best Place To Live In The United States? Here Are 9 Maps To Consider





In recent years we have seen an increasing number of Americans strategically relocate to another region of the country. They can see our society breaking down and they can see the storm clouds on the horizon and they want to do what they can to prepare themselves and their families for what is ahead. So is there a “best place to live” in the United States? Are there some areas that are preferable to others? The following are 9 maps to consider...

 
Phoenix Capital Research's picture

The Central Banks Will Not Be Able to Control This





The Fed and other Central Banks are trying to maintain the illusion that they have everything in control by talking about interest rates, but the reality is that the US Dollar carry trade is ABOVE $9 trillion in size. That is almost as large as ALL of the money printing that occurred between 2009 and 2013.

 
GoldCore's picture

Gold Up 11% in Euro This Year As Currency Wars Intensify





Gold's up 11% against the euro this year, in addition to 12% last year. It has risen versus many major currencies and suffered only modest declines in a few currencies this year. Most central banks are involved in competitive currency devaluations.

 
Tyler Durden's picture

The Great Immoderation: How The Fed Has Sown The Seeds Of The Next Recession





There was a point in 2010 when American capitalism might have had an opportunity to heal itself and commence on a long march toward sustainable growth and real wealth gains. But the monetary politburo would have none of it - keeping the pedal to the metal until this very moment... and the rest is history. The Fed and the other central banks around the world have fomented a new and even more virulent and dangerous financial bubble.

 
EconMatters's picture

Rate Hikes Already Priced into the US Dollar Index





Not just one 25 basis point rate hike, taking a look at that chart, several rate hikes have already been priced into the US Dollar Index.

 
Tyler Durden's picture

0% Down, 100% Chance of Trouble





So, zero down payment loans to low-income borrowers with basically no cash reserves, on properties least likely to increase appreciably in value, and probably most likely in need of repairs.What could possibly go wrong with this set-up?

 
Tyler Durden's picture

What's America's Fragility Score?





There is a certain logic to the idea that stability is a good predictor for future stability: if a nation's economy and governance are stable and devoid of disorder, this trajectory of stability will be durable, right? Well, actually, no.
The U.S. scores very poorly: 4 out of a possible 5 on the Fragility Index.
 
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