• EquityNet
    06/29/2015 - 12:09
    Tomorrow at 8pm, we’re adding an extra second to the day. Over the past 200 years, the length of a day has increased by two milliseconds, which is all well and good, but the insane accuracy of the...

Real estate

Tyler Durden's picture

Who Are Washington's Most Expensive Speakers?





Recently, we outlined Hillary Clinton’s keynote speech requirements which include the customary $225,000 plus a “chartered roundtrip private jet”, $1,000 for a stenographer, and a host of other “incidentals.” But the Clintons actually come cheap compared to a certain former Fed chair. Here’s a look at speaking engagement rates for some well-known former and current US officials.

 
Tyler Durden's picture

The Definition Of An Unfree Market





"Only if the economy is powered by the marginal borrower who will no longer borrow after a 0.25% hike, does it make sense to believe a hike will derail the economy.  Comparisons to 1937, where a hike pushed the US into recession, are incomparable and groundless.  On the other hand, maybe the FOMC is worried that the ‘no free lunch’ concept makes them suspicious of the possibility of a meaningfully deleterious market reaction which could have a negative impact on the broader economy.  However, under this logic, delaying a hike would only exacerbate such a response."

 
Tyler Durden's picture

A Much Bigger Threat Than Our National Debt





"...the 'Ice Age' of low rates and low growth for a long time – as predicted by many analysts and economists – won’t happen. Instead, a crisis will cause a crash on Wall Street. The banks will go broke. The credit system will seize up. People will line up at ATMs to get cash and the cash will quickly run out. This will provoke the authorities to go full central bank retard. They will flood the system with “money” of all sorts. The ice will melt into a tidal wave of hyperinflation."

 
Tyler Durden's picture

"Bernanke & Greenspan Have Destroyed America" Schiff & Maloney Warn "People Don't Realize What Is Coming"





Ali and Frazier, Laurel and Hardy, Mayweather and Pacquiao, Liesman and Santelli, and now Schiff and Maloney. Peter and Mike join clash of the titan-like to discuss their investment strategies and expose the charts the government doesn't want you to seeas "people like Bernanke are taken seriously still and the people that did predict [the crisis] are dismissed as lunatics half the time." The wide-reaching conversation covers everything from gold and stocks to The Fed and The Dollar - Bernanke "took the coward’s way out because all he did was exacerbate the problems to postpone the day of reckoning." The air is coming out of the bubble, they warn, "Bernanke and Greenspan have absolutely destroyed America. People don’t realize what is coming..."

 
Tyler Durden's picture

How Jamie Dimon Became A Billionaire





Two years ago, bank analyst Mike Mayo asked JPM chief Jamie Dimon a simple question: why should affluent customers not pick UBS over JPM due to a mismatch in capital ratios, to which Dimon's response was even simpler: "that's why I'm richer than you." To which we then added: "No logic, no rationale: all about the bottom line, which to Jamie at least is all that matters. The bottom line was indeed all, because as Bloomberg calculated overnight, over the past several years, Jamie Dimon quietly became not just "richer than you", but "much" richer: his net worth is now well over $1 billion!

 
Tyler Durden's picture

Who's On The Other Side Of The Trade?





The system is corrupt… and dangerously dysfunctional. But why does no one say so? Opinion makers such as Paul Krugman and Larry Summers misunderstand intentionally. But who speaks for the next three decades?  Everyone wants more credit, more inflation, more bubbles, more subsidies, and more special privileges. Who’s on the other side of the trade?

 
Tyler Durden's picture

A Cynical Look At Tim Cook's Commencement Speech





"Cook also told these millennials, 'Don't shrink from risk.' That's a musty old standard for commencement addresses: Find your passion, follow your dreams, take some risks, blah-blah-blah-blah-blah-blah. It cannot be lost among the most discerning grads that these commencement tips are coming from a generation that left them with crushing student debt, a wobbly job market, unaffordable real estate and cities increasingly ablaze."

 
Tyler Durden's picture

Is Our Economy's Cinderella Carriage About To Turn Into A Pumpkin?





The Fed insists that Cinderella's carriage is forever golden, ignoring the increasingly obvious reality that the carriage is turning back into a pumpkin before our eyes. The Fed's magic was always a short-term fix, akin to over-fertilizing and over-poisoning our economy to create the illusion of massive growth in profits and stock, bond and home valuations. Now that the magic is wearing off, the reality is going to hit everyone who believed the fantasy of permanent asset bubbles especially hard.

 
smartknowledgeu's picture

SmartKnowledgeU Podcast #10: Free Your Mind





Welcome to SmartKnowledgeU Podcast #10, Free Your Mind. For many of us, almost every single belief we hold about religion, politics, financial markets, war, law, morality was fed to us by another human being, and not something that we arrived upon from our own path of critical thought.

 
Tyler Durden's picture

What's Currently For Sale On The "Amazon For The Super Rich"





There's Amazon, and then there's the aptly named "Posh" - Bloomberg's own internal Craigs List-type marketplace, open only to terminal subscribers. From a "spectacular" new construction French manor in Greenwich, CT, to a $4.3 million "Inside deal, won't last") 3 bedroom loft in Greenwich Village, to countless Aston Martins, Ferraris, Porsches, if the rich (and Libor, equity, gold and FX-manipulating) are selling it, you will find it on Posh.

 
Tyler Durden's picture

Something Smells Fishy





Now what? The Fed says they are going to raise rates. The QE spigot has been turned off. The hedge funds are selling their buy and rent hovel investments, cash buyers are dwindling, the flippers who appeared in 2005 are back, Boomers are looking to sell and downsize, young people are already in debt up to their eyeballs thanks to the government doling out student loans like candy, the number of full-time good paying jobs continue to dwindle, and the rigged 37% price increase has priced millions of people out of the market.

 
Tyler Durden's picture

Are All Central Bankers Idiots?





You can’t build a solid economy on the jelly of unaffordable housing, unpayable debts, and unsustainable asset prices. But that’s what we’ve got. The only way to get down to something more reliable... more real... and healthier... is to wash away the financial glop and goo that has accumulated during the last 30 years.

 
Tyler Durden's picture

Robert Shiller: Unlike 1929 This Time Everything - Stocks, Bonds And Housing - Is Overvalued





Q. How else does this period of apparent equity overvaluation compare to equity booms in the past?

Robert Shiller: This time around, bonds and, increasingly, real estate also look overvalued. This is different from other over-valuation periods such as 1929, when the stock market was very overvalued, but the bond and housing markets for the most part weren't. It's an interesting phenomenon.

 
Tyler Durden's picture

"Ms. Wantanabe" Bets On Resurgent Yen As PE Cashes Out





"Japanese day traders, colloquially and collectively known as 'Mrs Watanabe', are buying the yen as it nears eight-year lows," Nikkei reports. For their part, private equity firms are cashing out at what they figure may be the top for Japanese stocks.

 
Tyler Durden's picture

Low Wages & Unemployment Are An Existential Crisis For Millions





If millions of young Americans don't start earning more money, they can't afford to have children, or take care of them properly, and that is the end of us as a nation.

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