Wall Street Journal

Tyler Durden's picture

The Crony Capitalism Of Hillary Clinton





The economics of Hillary Clinton is first and foremost about expanding the power and scope of the US government, and as government gains more control, the more employers and business owners need to be in the good graces of American politicians. To be blunt, Clinton believes that people like herself can continually loot US businesses, with business owners paying their protection money without complain. After all, Hillary knows best; just ask her.

 
Tyler Durden's picture

As SEC Rolls Out Liquidity Risk Plan, Here Are The Bond Funds That May Be Most Vulnerable In A Meltdown





With the SEC moving to head off the risk of a bond market meltdown triggered by a dangerous combination of illiquidity and bond fund proliferation, WSJ decided to see which fund providers are the most at risk in a crisis. The list may surprise you...

 
GoldCore's picture

Keynes Would Be “Buying Gold Hand Over Fist” Today





"Unlike his acolytes, Keynes understood the value of gold and the dangers of currency debasement ... World where currencies are backed by nothing more than a governmental promise to pay while the printing presses whirled unchecked ..."

 
GoldCore's picture

Russians Buy 1 Million Ounces of Gold Bars In August





Gold had a 3 percent weekly gain and silver had a 3.5% weekly gain. Gold ended with a gain of 0.73% on Friday while silver rose to as high as $15.43 before ending with a gain of 0.26%.

 
Tyler Durden's picture

"We're All Dr.Evil Now"





We’re all Dr. Evil today, thinking that one million dollars is a lot of money, or that one second is a short period of time, or that we are individually smart or capable in a systemically interesting way. We use our small-number brains to make sense of an increasingly large-number investment world, and as a result both our market fears and our market dreams are increasingly out of touch with reality.

 
Tyler Durden's picture

With Wages Down 5% In 42 Years, Jamie Dimon Says Stop Complaining, At Least You Have An iPhone





"It’s not right to say we’re worse off... If you go back 20 years ago, cars were worse, the air was worse. People didn’t have iPhones." That’s what you get when you ask a billionaire executive from a taxpayer bailed out, unaccountable industry for his thoughts on income inequality.

 
Tyler Durden's picture

Peter Schiff Explains The "External Threat" Justifying The Fed's Tyrannical Policies





Every dictator knows that a continuous state of emergency is the best means to justify tyrannical policies. The trick is to keep the fictitious emergency from breeding so much paranoia that routine activities come to a halt. Many have discovered that its best to make the threat external, intangible and ultimately, unverifiable. In Orwell's 1984 the preferred mantra was "We've always been at war with Eurasia," even though everyone knew it wasn't true. In its rate decision this week the Federal Reserve, adopted a similar approach and conjured up an external threat to maintain a policy that is becoming increasingly absurd.

 
Tyler Durden's picture

The Fed's Pain-Relieving Policies "Have Made The System More Vulnerable To A Crash"





"If only The Fed would get out of the way... Monetary policy designed to spare us from pain has instead made the system more vulnerable to a crash."

 
Tyler Durden's picture

The Only Thing That Matters For The Rate-Hike Decision





A week ago, we noted Goldman Sachs' 'strawman' that Janet should "think about easing," despite the world's misplaced confidence that rates will rise "inevitably" since the US economy is doing so well. Today, we get to hear what 'god' thinks as the only thing that matters for The Fed's decision is - keep Lloyd happy  - and Goldman CEO Blankfein just said "U.S. economic data doesn’t support the case for higher interest rates."

 
Tyler Durden's picture

100% Of US Economists Think China Is Lying About GDP Growth, WSJ Finds





"More than 96% of respondents to the latest Wall Street Journal survey of 64 economists–not all of whom answered every question–said China’s gross-domestic-product estimates don’t accurately reflect the state of the world’s second-biggest economy. None of the respondents said China’s GDP was expanding 7% or more."

 
Tyler Durden's picture

China's Economy Continues To Crumble As Key Data Is Worst In 15 Years





China's global meltdown-inducing "adjustment" continues unabated as fixed asset investment is weakest since 2000.

 
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