• GoldCore
    12/18/2014 - 13:54
    Russia supplies China with hi-tech military hardware. Russia has negotiated two major natural gas deals with China in the last year. China expects to double its gas usage by 2030. From a Chinese...

New York Times

George Washington's picture

The Head of the CDC Was Behind the Big Gulp Soda Ban In New York





Nanny State Can't Be Bothered Protecting Us from Ebola?

 
Tyler Durden's picture

Frontrunning: October 7





  • Liberian Rubber Farm Becomes Sanctuary Against Ebola (WSJ)
  • The World’s Most Powerful Central Banker: Janet Who? (BBG)
  • Islamic State moves into south west of Syrian Kurdish town (Reuters)
  • Waldorf to Be Biggest Chinese Property Purchase in U.S. (BBG)
  • Spain Seeks People in Contact With Ebola-Infected Nurse (BBG)
  • Hong Kong protests at crossroads as traffic, frustration pile up (Reuters)
  • Immigration: Grim Caseload at the Border (WSJ)
  • China Cuts Thousands of ‘Phantom’ Workers From State Payroll (BBG)
  • U.S., U.K. Regulators Push to Settle Deutsche Bank Libor Case This Year (WSJ)
  • Wall Street Moles Go to NY’s Top Cop, Spurning SEC Cash (BBG)
  • Pimco's outflow headaches only just beginning (Reuters)
  • Japan Lawmakers Flag Need for Exit Strategy as Yen Falls (BBG)
 
Tyler Durden's picture

Global Equities In "Sea Of Red" After German Industrial Data Horror, Hints Japan May Give Up On Weak Yen





While the economic data, especially out of Europe, just keeps getting worse by the day, with the latest confirmation that Europe is now officially in a triple-dip recession coming out of Germany and the previously observed collapse in Industrial Production which tumbled the most since February 2009, it was once again the Dollar and especially the New Normal favorite currency, the Yen, that was in everyone's sights overnight, when it first jumped to 109.20 only to slide shortly after midnight eastern, when Abe repeated once again that a plunging Yen is hurting small companies and consumers - and to think it only took him 2 years to read what we said would happen in late 2012 - but also the BOJ minutes which did not reveal any addition easing, which apparently disappointed algos and triggered USDJPY slel programs, pushing the USDJPY 80 pips lower to 108.40.

 
Tyler Durden's picture

10 Reasons Why Reserve Currency Status Is An "Exorbitant Burden"





This may be excessively optimistic on my part, but there seems to be a slow change in the way the world thinks about reserve currencies. For a long time it was widely accepted that reserve currency status granted the provider of the currency substantial economic benefits. For much of my career I pretty much accepted the consensus, but as one starts to think more seriously about the components of the balance of payments, it is clear Keynes wad right in his call for a hybrid currency when he recognized that once the reserve currency was no longer constrained by gold convertibility, the world needed an alternative way to prevent destabilizing imbalances from developing. On the heels of Treasury Economist Kenneth Austin and former-Obama chief economist Jared Bernstein discussing the end of the USD as a reserve currency, Michael Pettis summarizes 10 reasons the USD's reserve status has become an 'exorbitant burden'.

 
Tyler Durden's picture

Turkish President Proclaims "I Am Increasingly Against The Internet Every Day"





A very significant and dangerous trend has been accelerating in recent weeks. This trend consists of leaders throughout the globe coming out and blatantly calling for censorship and restrictions on free speech.

 
Tyler Durden's picture

Guest Post: America - The Grim Truth





"If you call a life of surveillance, anxiety and ceaseless toil in the service of a government you didn’t elect 'freedom', then you and I have a very different idea of what that word means." There are only two possible futures facing the United States, and neither one is pretty. Whether the collapse is gradual or gut-wrenchingly sudden, the results will be chaos, civil strife and fascism.

 

 
George Washington's picture

Top Doctors: Ebola May Become Airborne … And May ALREADY Be Transmissible Via Aerosols





We CAN Stop the Ebola Epidemic ... But ONLY If We Understand How It’s Spread

 
Tyler Durden's picture

RX For Revisionist Bunkum: A Lehman Bailout Wouldn’t Have Saved The Economy





Here come the revisionists with new malarkey about the 2008 financial crisis. No less august a forum than the New York Times today carries a front page piece by journeyman financial reporter James Stewart suggesting that Lehman Brothers was solvent; could and should have been bailed out; and that the entire trauma of the financial crisis and Great Recession might have been avoided or substantially mitigated. That is not just meretricious nonsense; its a measure of how thoroughly corrupted public discourse about the fundamental financial and economic realities of the present era has become owing to the cult of central banking. The great error of September 2008 was not in failing to bailout Lehman. It was in providing a $100 billion liquidity hose to Morgan Stanley and an even larger one to Goldman.  They too were insolvent. That was the essence of their business model. Fed policies inherently generate runs, and then it stands ready with limitless free money to rescue the gamblers.  You can call that pragmatism, if you like. But don’t call it capitalism.

 

 
Tyler Durden's picture

5 U.S. Banks Each Have More Than 40 Trillion Dollars In Exposure To Derivatives





When is the U.S. banking system going to crash? We can sum it up in three words. Watch the derivatives. It used to be only four, but now there are five "too big to fail" banks in the United States that each have more than 40 trillion dollars in exposure to derivatives.

 
Tyler Durden's picture

US Propaganda Enters Into Insane, Irrational Overdrive In Attempt to "Sell" War In Syria





Thanks to a dizzying barrage of lies, mainstream media fear-mongering and a couple of beheadings, the Obama Administration finally achieved its long sought after war in Syria. The tactic that proved most effective in mobilizing the American public back into a shivering, post-9/11 fetal position, was the same tactic used by elites in the UK to convince Scotland against voting for independence. That tactic... is fear.

 
Tyler Durden's picture

Afghan President Hamid Karzai Slams U.S. Foreign Policy in Farewell Speech





You’ve got to hand it to the brain surgeons running America’s foreign policy. They possess an uncanny ability to seamlessly forge alliances, break alliances and turn former allies into existential enemies, while simultaneously demonizing regimes, making amends with demonized regimes, and then quickly forming alliances with the same bitter enemies... “I want to thank those countries who genuinely supported us. Western countries had their personal interest, the Western countries and the United States had their own personal goal,” Mr. Karzai said, adding "this war is for the personal interest of foreign policies and this is fight of outsiders in which Afghans are sacrificed."

 
Tyler Durden's picture

"This Is About As Good As Things Are Going To Get For The Middle Class"





The U.S. economy has had six full years to bounce back since the financial collapse of 2008, and it simply has not happened.  Median household income has declined substantially since then, total household wealth for middle class families is way down, the percentage of the population that is employed is still about where it was at the end of the last recession, and the number of Americans that are dependent on the government has absolutely exploded.  Even those that claim that the economy is "recovering" admit that we are not even close to where we used to be economically.  Many hope that someday we will eventually get back to that level, but the truth is that this is about as good as things are ever going to get for the middle class. 

 
Tyler Durden's picture

The Tower Of Babel Comes To Paris: The Folly Of Obama's "War" On ISIS





US imperialism was once a fearsome force - mainly for ill. Under the latter heading, Washington’s savage destruction of Vietnam four decades ago comes readily to mind. But now the American Imperium has become just a gong show on the Potomac - even as its weapons have gotten more lethal and its purposes more  spurious and convoluted. There is no more conspicuous proof than Obama’s quixotic “war” on ISIS.

 
Syndicate content
Do NOT follow this link or you will be banned from the site!