Time Magazine

Corrupt Or Just Stupid? Markets Hand Corporations An Unlimited Credit Card

The crucial thing to understand about credit bubble dynamics is that borrowing money from people desperate to lend and using the proceeds to overpay for assets requires only monkey-level intelligence. So while a bubble is inflating it’s impossible for most of the media, banking and political communities to tell the legitimate operators from the hopelessly corrupt and/or extremely stupid. That’s the world we’ve created by handing monetary printing presses to governments, and by extension to corporate CEOs.

Irony Of The Day: Hollande Lectures US About Trump; Two-Way Frexit?

Hollande, whose popularity is in the gutter, lectures the US about Trump when a two-way “Frexit” looms in France: once from the Euro and a second from the EU. “The arguments in the Brexit vote and in the American presidential campaign are about the same,...In a friendly way, may I also give some advice to the American people to make the right choice when the moment comes.”

Alan "Bubbles" Greenspan Returns To Gold

The former Fed chairman says he believes another debt crisis is inevitable. He believes it will lead to high levels of inflation. His solution? Gold: “Now if we went back on the gold standard and we adhered to the actual structure of the gold standard as it exists let’s say, prior to 1913, we’d be fine. Remember that the period 1870 to 1913 was one of the most aggressive periods economically that we’ve had in the U.S., and that was a golden period of the gold standard.

 

How Wall Street Is Strangling The Economy

The “financialization of America” - the trend by which finance and its way of thinking have come to reign supreme - is perpetuating Wall Street’s reign over Main Street, widening the gap between rich and poor, and threatening the future of the American Dream...

Two Wrongs Don't Make A Right - Is Fiorina The Fall Gal?

What does this absurd gimmick tell us about him, given that he cannot possibly win the required number of delegates any longer? A sign of mental illness perhaps? Probably not. We think it is telling us that he is desperately trying to ingratiate himself with the Republican establishment – which is firmly anti-Trump for the simple reason that Trump is a genuine threat to its cozy cronyism. The only purpose of Mr. Cruz’ continued participation in the primaries is an attempt to deny The Donald the majority of delegates in order to bring about a brokered convention.

Is Charlie Munger Becoming Austrian: "It Was Massively Stupid For Our Government To Print So Much Money "

Any moment now we expect Paul Krugman to come out with an op-ed suggesting that not just Time magazine, but Charlie Munger is the latest to join ZH payroll following what were some surprising comments by Warren Buffett's right hand man earlier today on CNBC when he said that "the U.S. is looking more like Japan given the prolonged low-interest-rate environment." The one phrase which Krugman will surely have something to say about was the following: "I strongly suspect it was massively stupid for our government to rely so heavily on printing money and so lightly on fiscal stimulus and infrastructure," Munger told CNBC's "Squawk Box."

Day After Obama Meeting, Yellen Confirms Fed "Focused On Main Street... Helping All Americans"

In an oddly-timed-release, just a day after her 'unusual' meeting with President Obama (and sandwiched between two "emergency Fed meetings"), Janet Yellen's seemingly legacy-protecting narrative-confirming interview with TIME magazine proclaiming once again that "we are focused on Main Street, on supporting economic conditions - plentiful jobs and stable prices - that help all Americans." So now you know - it's all for you America - the bank bailouts, the deflationary-glut-creating ZIRP, the money-printing, and the "confusing and confounding" messaging. Now stop your complaining and Vote Hillary!

The Mainstream Media Wants Marco Rubio To Be Your Next President

The rehabilitation had begun almost as soon as the New Hampshire debate ended, and it was pre-ordained that as soon as the South Carolina debate ended, the media would announce that Rubio is back on the ascent — a self-fulfilling prophecy, if ever there was one. After all, the media were the ones writing the script. It is going to take a lot more than self-inflicted wounds to fell this candidacy. It is going to take an objective media. Good luck with that.

Deranged Central Bankers Are Blowing Up The World

The fiat currency system, fractional reserve banking fraud, insane Keynesian fiscal policies, and consumer debt based consumption economy are mathematically unsustainable, so they won’t be sustained. The world is about to sit down to a banquet of consequences, served by deranged central bankers.

The Islamization Of America In 2015, Part 2

More than half (51%) of Muslims in America believe they should "have the choice of being governed according to Sharia." Only 39% of those polled said that Muslims in the U.S. should be subject to American courts. Nearly a quarter believed that, "It is legitimate to use violence to punish those who give offense to Islam by, for example, portraying the prophet Mohammed."