Tyler Durden's picture

"Economic" Advice To The President (Laissez-Faire Austrian Vs. Anti-Market Keynesian)

Dear Mr. President, your country faces a stagnating economy... The truth is it is too late for our politicians to act, because the speculative peak that precedes the crisis is already upon us.

Tyler Durden's picture

Transparency At The Fed - Why Is Janet Panicked About The House's FORM Act?

Janet Yellen’s astonishing letter to the Speaker of the House, Paul Ryan, is a sign that the central bank is panicking over the fact that Congress is unhappy with the job it has been doing.

Tyler Durden's picture

Inflation, Unemployment Soar As Brazil Remains Trapped In Stagflationary Nightmare

Just a day after a dismal read on GDP, the latest data out of Brazil shows a spike in both inflation and unemployment, as the country's economic outlook continues to deteriorate at an alarming pace.

Tyler Durden's picture

The Fed Has Made A "Policy Mistake" And The Inevtiable Result Will Be A Recession, BNP Warns

"The reason for our recession concern is not so much because of what the Fed is about to do – likely embark on a slow hiking cycle beginning in December – but because it did not start the tightening much sooner."

Tyler Durden's picture

Fed Whisperer Confirms December Liftoff Still A Go, But Flight Path Won't Be Steep

"Federal Reserve officials meeting last month anticipated it “could well be” time to raise short-term interest rates at a December policy meeting after keeping them pinned near zero for seven years. Fed officials thus decided to change the wording of their Oct. 28 policy statement to ensure their options were open for a move in December, according to minutes of the October meeting released Wednesday with the regular three-week lag."

Tyler Durden's picture

FOMC Minutes Show Fed Is All-In For December Rate Hike (But Depends On Data)

With everything red since the October 28th "hawkish" FOMC meeting - which greenlit a December rate hike and convinced the world that everything is awesome in America (well why else would The 'smart' Fed raise rates?) - today's minutes suggest an FOMC that is perhaps not quite as "whatever it takes" committed to a December liftoff...


But bear in mind there is a lot of data between now and December 16th (including payrolls) and what if stocks drop? Pre-Minutes: 68% rate-hike odds, S&P Futs 2064, 10Y 2.28%, EURUSD 1.0640, Gold $1070, WTI $40.45

Tyler Durden's picture

The Poisonous Cocktail Of Main Street Woes And Federal Reserve Liftoff

Sure, the stock market had a great October with the Dow Jones Industrial Average jumping by 8.5%, but the disconnect between Wall Street and Main Street is too stark to ignore, and the Federal Reserve is about to pop the easy-money financial bubble.

Tyler Durden's picture

Future Of Brazil's Oil Industry In Serious Doubt

Brazil is expected to increase oil production by 180,000 barrels per day in 2015, hitting 3.04 million barrels per day (mb/d). But 2016 is a different story. Petrobras has been embroiled in a corruption scandal since last year, which has cost the company tens of billions of dollars. Given that Petrobras was already the most indebted oil company in the world, major cut backs in spending were in order. OPEC sees Brazilian oil production plateauing as soon as next year. That is a pretty significant development considering the fact that, not too long ago, Petrobras thought output would continue rising rapidly through the rest of the decade.


Tyler Durden's picture

Austerity And Anarchy: Tying Budget Cuts To Riots, Assassinations, And Attempted Revolutions

As Europe grapples with political turmoil in the periphery stemming partly from voters' collective frustration with years of austerity, RBS takes a look at the history of European expenditure cuts and how they correlate to anti-government demonstrations, riots, assassinations, general strikes, and attempted revolutions. 

Tyler Durden's picture

Black Market For Black Gold Ignites As Jobless Roughnecks Resort To Oil Theft

The allure of ill-gotten oil money remains strong. The lull in drilling has given oil companies more time to scrutinize their operations -- and their losses. As Bloomberg reports, during booms "they are moving at such a rapid pace there’s not a lot of auditing and inventorying going on," said Gary Painter, sheriff in Midland County, Texas, in the oil-rich Permian Basin; but "whenever it slows down, they start looking for stuff and find out it never got delivered or it got delivered and it’s gone." From raw crude sucked from wells to expensive machinery that disappears out the back door, drillers from Texas to Colorado are struggling to stop theft that has only worsened amid tens of thousands of lost roughneck jobs.

Tyler Durden's picture

"The Next Big Move In Stocks Is Down" August's Crash-Whisperer Warns "Nothing Has Been Solved"

“The correction didn’t really solve a whole lot. You have all the same underlying market fissures in place, yet they will have lasted another six months... the odds are very high that the top was in May. I still think we’re looking at a cyclical bear market.

smartknowledgeu's picture

The Problem With Education Today, by JS Kim

The institutional academic system is broken. We need less systemic, traditional education that only provides knowledge of low utility and more alternative education that provides the right high-utility knowledge to thrive during today's global currency wars.

Tyler Durden's picture

Depression Tracker: Brazil Braces For Big Week Of Bad Data

"We expect the economy to continue to face strong headwinds from higher interest rates, exigent financing conditions, high inflation, significant labor market deterioration, higher levels of inventory in key industrial sectors, higher public tariffs and taxes, high levels of household indebtedness, weak external demand, soft commodity prices, political uncertainty, and extremely depressed consumer and business confidence."

Tyler Durden's picture

The Bubble Finance Cycle - What Our Keynesian School Marm Doesn't Get, Part 2

Greenspan’s phony disinflation success led to the Fed’s embrace of fully mobilized and massively intrusive monetary policy in the guise of the Great Moderation and the wealth effects theory of financial asset levitation. In due course, Greenspan’s self-aggrandizing but purely experimental forays of massive central bank intrusion in the financial markets were supplanted by the hard-core Keynesian model of Bernanke and Yellen. Alas, they operated under the grand illusion that a domestic wage and price spiral would tell them when the domestic GDP bathtub was filled to the full employment brim, and therefore when to lift their foot from the monetary accelerator. It never happened, and they never did. The era of Lite Touch monetary policy was by now ancient history.

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