Recession

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America Is Its Own Worst Enemy - Trapped In Irrational Exuberance





Yes, the clock’s ticking louder, louder, warns the Economist, “only a matter of time before the next recession strikes.” Unfortunately, the “rich world is not ready.” America’s not prepared. You are not ready.

 
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EU Officials Unleash The Fearmongery: "The Crisis Has Commenced"





Presented with little comment aside to ask if someone is off-script?

NOONAN: THE CRISIS HAS COMMENCED
SCHAEUBLE SAYS `HELLISH DIFFICULT TASK' ON GREECE
NOONAN: I HAVE SYMPATHY FOR THE GREEK PEOPLE

But always remember, "Greece doesn't matter," which as Mohamed El-Erian explains, is somewhat true, since European leaders have two other existential issues to contend with also...

 
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Does 1987 Have Any Lessons For Today?





Here's how it plays out... "no one gets out of this alive"

 
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The US & Europe Will Collapse Regardless Of Economic "Contagion"





We cannot forget that crisis is in itself a distraction as well. Whatever pain we do feel tomorrow, or the next day, or the next decade, remember who it was that caused it all: the international banks and their globalist political counterparts. No matter what happens, never be willing to accept a centralized system. No matter how reasonable or rational it might sound amid the terror of fiscal uncertainty, never give the beast what it wants. Refuse to conform to the dialectic. This is the only chance we have left to get back to true prosperity. Once we cross the line into the realm of worldwide institutionalized interdependency, we will never know prosperity or freedom again.

 
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The Importance Of RMB Internationalization





The Fed's QE policies of recent years have, for all intents and purposes told the world that “the dollar is our currency and your problem.” And, in recent years, the dollar has been a genuine problem for a number of emerging countries. Following this traumatic event, and the change in the perception of US stability, China went around the world and invited the likes of Brazil, Indonesia, South Africa, Turkey and Korea to shift some of their China trade away from the dollar and into renminbi. China started doing this in 2011 and, as we see it, the renminbi’s attempt to become a trading currency is potentially one of the most important financial developments. Yet no-one seems to care.

 
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What Electricity Consumption Tells Us About The State Of The US Economy - An Update





Looking at electricity consumption, adjusted or otherwise, things are definitely looking very sluggish in the US economy right now.

 
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Collapse, Part 5: Things Fall Apart





It is impossible to wean an economy that relies on debt and leverage for its "growth" of excessive debt and leverage.

 
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There's Something Wrong With The World Today (Hint: 1995)





Trillions upon trillions in “stimulus” and the FOMC is left, pathetically, fighting for the distinction of “it’s not as bad as it looks.” That would seem to make this the most costly economic age ever conceived, with global implications that are just now starting to be felt as whatever faith was leftover from 2008, wrong or right, wears off all over the world. That is a highly combustible deficiency, since the longer the global economy remains disorientated the more likely it is to experience not just recession but, since this is all still so leveraged (even more poorly this time), something potentially worse.

 
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3 Things: Trend, Ceiling & Rates





With levels of investors complacency at extremely high levels, it is a currently "fact" that little can go wrong. There is no recession in sight; the earnings decline was all primarily related to energy companies and most importantly, global Central Banks are continuing to support the financial markets. Of course, maybe it is the last point that should be questioned. If the economy is doing so well, then why are Central Banks still needing to intervene to support the growth? This is equivalent of saying the "the patient is cured, as long as we don't take him off of life support."

 
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Greek Suicide Rate Surges 35% In 2 Years





What hath Merkel wrought?

 
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We Are Reaching Peak Energy Demand, BP Data Suggests





Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation is that we right now seem to be reaching peak energy demand through low commodity prices.

 
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Carl Icahn Says "Market Is Extremely Overheated", Slams Permabulls





 
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Excluding Obamacare And The "Harsh Winter", Q1 GDP Tumbled -1.4%





If one excludes just three items: Obamacare, the "harsh winter", and near record inventory re-stocking in anticipation of a spending deluge that never comes, Q1 GDP would have tumbled nearly 2.0%.

 
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Final Q2 GDP Revision Confirms 3rd Negative GDP Quarter Of The "Recovery", Inventory Build Up Flashing Red





Just as consensus had expected, after printing at -0.7% in the first revision to Q1 GDP, the final revised GDP print for the March 31-ended quarter came in at -0.2%, confirming the third negative GDP quarter in one recovery cycle since 2011 (all of which have come in the first quarter of the year as global winter cooling fans will have you know)- the first time this has happened since the 1950s.

 
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Why New Home Sales Remain At Recession Levels, In One Chart





What is the reason for the non-existant rebound? Simple: the following chart comparing total new home sales and the median new home sales price explains it.

 
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