Reality

Tyler Durden's picture

"Perma-bears" 1 - BofA Economist 0





Eight months ago, Bank of America chief economist Ethan Harris triumphantly declared victory over the "perma-bears." Today, the "perma-bears" get the last laugh.

 
Tyler Durden's picture

Billionaire Blackstone CEO Trolls American Public – Doesn't Get Why People Are Angry





"I find the whole thing astonishing and what’s remarkable is the amount of anger whether it’s on the Republican side or the Democratic side..."

 
Tyler Durden's picture

The Right To Tell The Government To Go To Hell (In An Age Of Bullies, Censors, And Compliants)





“If liberty means anything at all, it means the right to tell people what they do not want to hear.”? George Orwell

 
Tyler Durden's picture

The Fragile Forty & How The World Lost $17 Trillion In 6 Months





It's official. More than 50% of the "wealth" effect created from the 2011 lows to the 2015 highs has been destroyed (despite the world's central banks going into money-printing overdrive over that period). Almost $17 trillion of equity market capitalization has evaporated in just over 6 months with over 40 global stock indices in bear markets...

 
Tyler Durden's picture

Recession Signs - 2008 & Now





Is the economy “nowhere near recession?” Maybe. Maybe not. But the charts above look extremely similar to where we were at this point in late 2007 and early 2008. Could this time be “different?” Sure. But historically speaking, it never has been.

 

 
Tyler Durden's picture

"Investors Should Sell Any Bounce Back" Top Investors See More To Come





"You get the sense that there is a broader market issue here...Complacency about the risks of contagion from the weakest segments of high yield is reminiscent of sentiment regarding subprime debt in mid-2007."

 
Tyler Durden's picture

George Soros: "Europe Is On The Verge Of Collapse"





"China will exert a negative influence on the rest of the world by reinforcing the deflationary tendencies that are already prevalent. China is responsible for a larger share of the world economy than ever before and the problems it faces have never been more intractable...the EU is on the verge of collapse. The Greek crisis taught the European authorities the art of kicking the can down the road, although it would be more accurate to describe it as kicking a ball uphill so that it keeps rolling back down. The EU now is confronted with not one but five or six crises at the same time."

 
Tyler Durden's picture

The U.S. Is At The Center Of The Global Economic Meltdown





While the economic implosion progresses this year, there will be considerable misdirection and disinformation as to the true nature of what is taking place. As I have outlined in the past, the masses were so ill informed by the mainstream media during the Great Depression that most people had no idea they were actually in the midst of an “official” depression until years after it began. The chorus of economic journalists of the day made sure to argue consistently that recovery was “right around the corner.” Our current depression has been no different, but something is about to change. Unlike the Great Depression, social crisis will eventually eclipse economic crisis in the U.S. That is to say, our society today is so unequipped to deal with a financial collapse that the event will inevitably trigger cultural upheaval and violent internal conflict.

 
Tyler Durden's picture

War On Cash Escalates: China Readies Digital Currency, IMF Says "Extremely Beneficial"





Remember when Bitcoin and its digital currency cohorts were slammed by authorities and written off by the elite as worthless? Well now, as the war on cash escalates, officials from The IMF to China are seeing the opportunity to control the world's money through virtual (cash-less) currencies. Just as we warned most recent here, state wealth control is the goal and, as Bloomberg reports, The PBOC is targeting an early rollout of China's own digital currency to "boost control of money" and none other than The IMF's Christine Lagarde added that "virtual currencies are extremely beneficial."

 
Tyler Durden's picture

Fantasy? North Korea's "Hangover-Free Alcohol" Or America's "Consequence-Free Debt"





While we may poke fun at North Koreans’ gullibility, frankly we don’t find the idea of ‘hangover-free alcohol’ any dumber or less deceptive than the idea of ‘consequence-free debt’. Or the idea that you can print your way to prosperity. Hangover-free alcohol is pretty silly. But in the West, we believe the biggest lies of all...

 

 
Tyler Durden's picture

Why We Need A Recession





"The return to monetary stability does not generate a crisis. It only brings to light the malinvestments and other mistakes that were made under the hallucination of the illusory prosperity created by the easy money."

 
Tyler Durden's picture

"For The Sake Of Capitalism, Pepper Spray Davos"





"Please, PEPPER SPRAY ALL THE ATTENDEES OF DAVOS in order to halt the rape of taxpayers and consumers across the globe. This annual conclave is responsible for more wealth destruction and the widening disparity in GINI coefficients than any public policy."

 
Gold Standard Institute's picture

The Bull Market in Stocks May Be Done





To most people, a bull market is good. Share prices are connected to business productivity, right? In a free market, yes. However we don’t have a free market. We have monetary policy, how our central planners stimulate us into a wealth effect.

 
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