• williambanzai7
    08/29/2014 - 01:05
    “I call upon all nations to do everything they can to stop these terrorist killers. Thank you. Now watch this drive.” – George W. Bush

Reality

Tyler Durden's picture

Why The Fed Is Being Forced To End QE





While the Federal Reserve presents itself as free to do whatever it pleases whenever it pleases, the reality is the Fed's own policies are constraining its choices. The Fed is being forced to end its bond-buying, cutting off the "free money for financiers" that has sustained a frothy stock market.

 
EconMatters's picture

Jackson Hole: Janet Yellen Is The Wrong Chairperson For the Fed





There are a lot of market participants so far from reality due mainly to an incompetently dovish Fed led by Yellen that the amount of re-pricing is just off the charts...

 
Tyler Durden's picture

Roundup Of Key Research Papers At Jackson Hole





With all eyes and ears firmly focused Janet Yellen's opening oratory this morning (due at 10ET), the contents of the rest of the conference appear to have been forgotten (and yet in the past have been among the most crucial to comprehend central banks' actions after the fact - forward guidance and QE for 2). As Bloomberg BusinessWeek reports, robots don’t steal jobs, the U.S. labor market is less flexible than it was, and workers haven’t suffered unprecedented periods out of work (and rehiring odds are the same as always), are among the conclusions of key papers being presented at the symposium, along with (unsurprisingly) findings that policymakers would benefit from a better understanding of labor market dynamics. The following is a brief review of their contents...

 
Tyler Durden's picture

Congress Proposes Law Banning Body Armor In The Land Of The Free





Communist China. Nazi Germany. Cambodia. Guatemala. Uganda. The list goes on and on. Pacification of the citizens is almost always a prerequisite to totalitarianism. There have been a lot of attempts to disarm, or at least partially disarm, people in the US throughout history as well. Each time there’s a major shooting somewhere, the chant to ban firearms grows louder. But the latest proposal is especially telling. H.R. 5344 is a bill currently going through Congress that would ban the purchase of body armor.

 
EconMatters's picture

Negative Real Rates Show Yield Trade in Bubble Territory





Anytime there are negative or even close to negative real rates for bonds that is a sign that central banks need to change policy.

 
Phoenix Capital Research's picture

The Fed's Track Record: $389,863 Spent For Every Job Created… AT BEST





The Fed likes to claim that its policies are aimed at helping Main Street. Ben Bernanke began this argument when he was still Fed Chairman. Janet Yellen has since taken it a step further claiming that she comes from an “intellectual tradition” that it is important to use “public policy” to “make the world a better place.”

 
EconMatters's picture

The Bond Market is taking Advantage of Janet Yellen`s Dovishness





Even Hellicopter Ben would have balanced remarks.  However, Janet Yellen has taken dovishness to an all-time high or low dpending on your perspective.  

 
Tyler Durden's picture

Alternative Measures Suggest Weaker Economy





There is much hope pinned on continuing economic recovery in the United States despite a deterioration of the global economy virtually everywhere else. While it was not surprising to see a bounce back in activity after a contractionary first quarter, there are several economic data points that suggest that sustainability of the bounce is unlikely. Expectations are very likely well ahead of reality at the current time. This increases the risk of disappointment in the months and quarters ahead which could be a negative for the markets.

 
Tyler Durden's picture

Argentina Stuns Bondholders With Scorched-Earth "Cramdown" Plan





With the impasse over the latest Argentina default going nowhere fast, late last night president Kirchner stunned its creditors when she announced what amounts to a cramdown plan for holdouts, in which all bonds would be stripped of their existing indentures and converted to local law bonds. Or, as some would call it, a "scorched earth" transaction that burns all bridges, and goodwill, with the international creditor community and likely leaves Argentina unable to access global capital markets for the foreseeable future.

 
Capitalist Exploits's picture

Rocky Mountain High





As they say, you're the average of the five people you spend the most time with...

 
Tyler Durden's picture

Ukraine’s Next Crisis? Economic Disaster





Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.

 
Tyler Durden's picture

Guest Post: Joblessness, Hopelessness, And Government Dependency





Of all the awful tensions roiling and coiling in American society, it’s only a little bit surprising that the racial module is blowing off now rather than, say, the stock market. Perhaps it’s a seasonal thing: race riots in the summer; stock market crashes in the fall, revolutions in the spring.

 
Tyler Durden's picture

Market Roulette: Dimes On Black, Dynamite On Red





The stock market is presently a roulette wheel with dimes on black and dynamite on red... The ‘buy the dip’ mentality can introduce periodic recovery attempts even in markets that are quite precarious from a full cycle perspective. Galbraith reminds us that the 1929 market crash did not have observable catalysts: “the crash did not come – as some have suggested – because the market suddenly became aware that a serious depression was in the offing... for it is in the nature of a speculative boom that almost anything can collapse it."

 

 
Tyler Durden's picture

Is The Correction Over?





While the markets are currently suggesting that the "dip" is over, there are several immediately prevailing risks that could catch unwitting investors.

 
Tyler Durden's picture

Charting Poverty In Ferguson: Then And Now





While there have been many socio-economic 'explanations for the recent events in Ferguson, many of which have exceeded the realm of the factual and have brazenly encroached on feelings, emotions, heartstrings, and so on, the unpleasant reality is that much of what has transpired not only in the small 21,000-person St. Louis suburban community, but what is taking place across all of America has to do with a far simpler phenomenon: the rise of poverty and the destruction of America's middle class.

 
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