Transparency

Frontrunning: April 19

  • Early Warning Signs of Recession Flash Faintly in U.S. Jobs Data (BBG)
  • Who Needs Buybacks? One S&P 500 Variant Just Rallied to a Record (BBG)
  • The unpredictable new voice of Saudi oil (FT)
  • Saudi's Other Warning Makes Oil Traders Sweat After Doha Failure (BBG)
  • U.S. oil investors rush for protection at $35 as Doha talks collapse (Reuters)
  • Trump candidacy: Where some fear to tread others see a path to victory (Reuters)
Gold Money's picture

Fiat Money Fairytales

Frequently one can tell by the title of an opinion piece whether it is going to consist of quality arguments or just meretricious mudslinging. Professor Charles Postel of San Francisco State University boldly announces the latter in choosing to title his recent tirade against sound money, "Why Conservatives Spin Fairytales About the Gold Standard". As this article is so typical of what we seek to rebut, we publish it here, and now.

The Weirdest Possible Outcomes For The Strangest Election In U.S. History

Elections have entered the world of the weird because America itself is on the edge of something that will shake its very core. What that event will be is hard to say because there are so many possibilities, but tensions of this caliber usually escalate to crisis before they deescalate, and tensions today are surely escalating. The elections only serve as a gauge for how close to the bottom of the abyss we actually are.

Microsoft Sues Obama Administration "To Keep Secrecy The Exception, Not The Rule"

The "most transparent administration ever" appears to be making no friends in the tech industry. Following its debacle with Apple, the Obama administration now faces a suit from Microsoft that, in their words, stands up for "customers’ constitutional and fundamental rights – rights that help protect privacy and promote free expression." As Microsoft's Brad Smith notes, with rare exceptions consumers and businesses have a right to know when the government accesses their emails or records, and the suit centers around the fact that since cloud storage accelerated, it’s becoming routine for the U.S. government to issue orders that require email providers to keep these types of legal demands secret. Microsoft believe that this goes too far.

Angola Could Be OPEC's First Member To Fall

The Angola crisis is a warning to the other struggling OPEC countries. Though the larger nations are better off, sustained low prices will test their financial stability as well. The weak links have started to give way, and a few others might find themselves in the same situation as struggling Angola. A nation facing such a severe financial crisis will begin to question the necessity of remaining in OPEC.

 

Sales Of Short-Term Health Plans Soar As Americans Flee Expensive Obamacare

When it comes to Obamacare, the devil is in the details. As the years go by, Americans are quickly recognizing that not only is Obamacare not helping them out, it’s actually crushing their paychecks to such an degree they’re finding it necessary to pursue alternatives. This has resulted in a mad dash into non-ACA compliant short-term health insurance plans, or the kind of plans Obamacare was specifically designed to replace.

Frontrunning: April 13

  • China trade surprise gives stocks a lift (Reuters)
  • JPMorgan profit hurt by drop in investment banking revenue (Reuters)
  • About 40,000 Verizon workers launch strike (Reuters)
  • Regulators Set to Reject Some Big Banks’ ‘Living Wills’ (WSJ)
  • More Startups Are Getting Lower Valuations Than Joining the Billion-Dollar Club (BBG)
  • Closures and court cases leave Turkey's media increasingly muzzled (Reuters)

Fleecing The American Taxpayer: The Profit Incentives Driving The Police State

Everywhere you go, everything you do, and every which way you look, we’re getting swindled, cheated, conned, robbed, raided, pickpocketed, mugged, deceived, defrauded, double-crossed and fleeced by governmental and corporate shareholders of the American police state out to make a profit at taxpayer expense. "The Founding Fathers never intended a nation where citizens would pay nearly half of everything they earn to the government.”

As Ukraine Collapses, Europeans Tire Of US Interventions

On Sunday Ukrainian prime minister Yatsenyuk resigned, just four days after the Dutch voted against Ukraine joining the European Union. Taken together, these two events are clear signals that the US-backed coup in Ukraine has not given that country freedom and democracy. They also suggest a deeper dissatisfaction among Europeans over Washington’s addiction to interventionism.

 

Frontrunning: April 1

  • Italian Bank Stocks are Surging on the Back of Rescue Reports (WSJ)
  • European Stocks Rise Led by Italian Banks; Emerging Markets Gain (BBG)
  • Oil price dips on prospects for producers' meeting (Reuters)
  • U.S. shale oil firms feel credit squeeze as banks grow cautious (Reuters)
  • U.S. banks' dismal first quarter may spell trouble for 2016 (Reuters)
  • Miserable Year for Banks: Stocks Suffer as Rates Stay Low (WSJ)

U.S. Futures Jump In Tandem With Soaring Italian Banks On Hopes Of Government Bailout

it has been a rather quiet session, which saw Japan modestly lower dragged again by a lower USDJPY which hit fresh 17 month lows around 170.6 before staging another modest rebound and halting a six-day run of gains; China bounced after a slightly disappointing CPI print gave hope there is more space for the PBOC to ease; European equities rose, led by Italian banks which surged ahead of a meeting to discuss the rescue of various insolvent Italian banks, while mining stocks jumped buoyed by rising metal prices with signs of a pick-up in Chinese industrial demand.