• Gold Money
    05/03/2016 - 11:35
    Crude oil time-spreads have completely dislocated from inventories. Historically, such dislocations have proved to be short lived. We expect that either spot prices will sell-off again or the back...

Reality

Tyler Durden's picture

Sam Zell Predicts Recession Next Year: "I'm Being Realistic, Not Pessimistic"





"If somebody needs a bell ringing to figure out that the [market] frothy right now, then I’m in the business of selling hearing aids..."

 
Tyler Durden's picture

Stocks Soar As Corporations Are Defaulting On Their Debts Like It's 2008 All Over Again





The stock market and the economy are moving in two completely different directions right now. Even as stock prices soar, big corporations are defaulting on their debts at a level that we have not seen since the last financial crisis. In fact, this wave of debt defaults have become so dramatic that even mainstream media is reporting on it...

 
Tyler Durden's picture

Institutionalized Lying - Why Central Bankers Never See Bubbles





Every day there is more confirmation that the casino is an exceedingly dangerous place and that exposure to the stock, bond and related markets is to be avoided at all hazards. In essence the whole shebang is based on institutionalized lying, meaning that prouncements of central bankers, Wall Street brokers and big company executives are a tissue of misdirection, obfuscation and outright deceit. And they are self-reinforcing, too.

 
Tyler Durden's picture

Saint Or Sinner - Government Eyes Are Watching Every Move You Make





 

"If, as it seems, we are in the process of becoming a totalitarian society in which the state apparatus is all-powerful, the ethics most important for the survival of the true, free, human individual would be: cheat, lie, evade, fake it, be elsewhere, forge documents, build improved electronic gadgets in your garage that’ll outwit the gadgets used by the authorities." There is no gray area any longer.

 
Tyler Durden's picture

Boston Fed Says "Markets Are Wrong," Rates Are Going Higher, Sooner





Gold and bond prices dropped and stocks popped as yet another open-mouth operation went underway this evening from none other than Boston Fed president Eric Rosengren. Ahead of next week's FOMC meeting, and just days after another Fed president said no April hike, Rosengren spewed firth that "I don't think financial markets have it right." Of course, what this preacher means is that while stock markets are perfectly efficient (and correct), bonds and rate futures areclearly inefficient and "investor outlooks for Fed rate hikes are too pessimistic," because "the US economy is fundamentally sound."

 
Tyler Durden's picture

The Whole System Is Built Upon Lies And "We're In The Terminal Phase"





"We’re in the terminal phase of the greatest debt bubble in all of human history... The crisis that happened last time around… it was just a warning signal of what would happen if we didn’t fix our problems... and of course we didn’t fix them. It’s not sustainable... There’s going to be a permanent, massive adjustment and a loss of faith in the current system..."

 
Tyler Durden's picture

A Morally Sound Tax Reform Proposal





Democracy does not trump human nature. State dependents will vote for those they perceive will continue their subsidies. Instead of lobbying for the redress of phony grievances against Politically Correct victims and groups, social justice warriors should direct their energies to the long suffering U.S. taxpayers and demand that those who live off them should have no say in either how much taxpayers are to pay or how their confiscated wealth is to be dispersed.

 
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The Lesson Of Empires: Once Privilege Limits Social Mobility, Collapse Is Inevitable





Among the many lessons of empires is one shared by virtually every empire:once the privileged few limit the rise of those from humble origins (i.e. social mobility), the empire is doomed to rising instability and collapse.

 
EconMatters's picture

Corporate Gravy Train: Dudley Still Gets 20% Raise After BP Shareholders Reject the Pay Deal





Corporate executives pay packages are performance-based.  That is, pay if you do and pay if you don't perform. 

 
Tyler Durden's picture

Absurdity: When The Con Believes The Con





There are many infamous con games that have been foisted upon the public for millennia. As with any con game the perpetrator knows it’s all a con. In other words, “Duh!” Yet, if you listen closely to both past as well as present Fed. members you can’t help but notice by way of their current arguments, as well as, proposals for future monetary policy. The one’s who’ve truly bought into “the con” is: themselves!

 
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Standing At The Crossroads





The market is standing at the proverbial “crossroads” of bull and bear. From a “fundamental” perspective there is not much good news. The past week we saw numerous companies beating extremely beaten down estimates. However, while JPM and C got a boost to their stock price, the actual earnings, revenue and profits trends were clearly negative. But that is the new normal. We live in an environment where Central Banking has taken control of financial markets by leaving investors “no option” for a return on cash. Therefore, the “hope” remains that asset prices can remain detached from underlying fundamentals long enough for them to catch up.

 
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