Wall Street Journal

The Price Isn't Right - How Central Banks Are Fixing To Ambush The Casino

Indeed, what party other than the BOJ could be buying negative coupon debt? The answer is exactly why the coming financial crash will be so severe and long-lasting. To wit, it is front-runners expecting to cop a capital gain, and then get out before the house of cards collapses. That’s what might otherwise be called an ambush. The trillions of speculator dollars crowded into trades of this type throughout the global financial markets will never get through the narrow door of liquidity that remains in the casinos. The dotcom and the post-Lehman meltdowns were only the rehearsal.

Why We're Ungovernable: The "Unprotected" Push Back

The rise of Donald Trump (and similar iconoclasts in other countries) is due to the gradual division of society into the protected - that is, people who make the rules and therefore benefit from them - and the unprotected, who don’t make the rules and end up getting screwed. The latter have finally figured this out and have stopped supporting the former.

Mitt Romney Is The Real Super-Fraud: Here's The Proof, Chapter And Verse

"...the GOP establishment’s putative “jobs” candidate from 2012 was never really a businessman at all. Willard M. Romney is no expert on shiny things on a hill. The country would be far better served if he would get his dimming light back under a bushel where it belongs."

How The U.S. Government And HSBC Teamed Up To Hide The Truth From A Pennsylvania Couple

The reason both the Democratic and Republican establishments are in full on panic mode about the rise of Donald Trump and Bernie Sanders is a deep seated fear that the plebs have finally woken up. Although the Department of Justice and HSBC thought the money laundering case was settled ancient history, a determined chemist from Pennsylvania is throwing a wrench into their plans and it could have major implications.

What Percent Are You?

Are you the 1% or the 99%? Earning $25,780 would put you below 50% of Americans reporting individual income in 2014. What percent are you?

Great Depression Redux: First Currency War, Now US Unleashes Trade War With China

Given the vicious downward spiral of competitive devaluation that is washing around the world's economic bathtub, it appears - just as we saw during The Great Depression - that currency wars have given way to mal-investment-fueled protectionism as US launches the first missile in the trade wars with a massive 266% tariff on imports of cold-rolled steel. “There’ll be a short-term benefit,“ said John Packard of Steel Market Update. ”However, in the long run, the U.S. mills are always going to want more tariffs, and it’s questionable how much more [protection] they can get."

Was Middle-Class Retirement Just A Credit Bubble Fantasy?

One of the jarring - and until recently underreported - aspects of those seemingly-positive recent US jobs reports is the increasing skew towards older workers. Most new jobs have gone to people who in better times would be leaving to live off their savings. Now they’re coming back, frequently taking jobs they wouldn’t consider if money wasn’t so tight. And it’s apparently a lot worse for older women...

The Three Charts That No Small Cap Asset Manager Wants You To See

A funny thing happens to an index's valuation when you choose not to entirely ignore the companies that have negative earnings (i.e. losses). Ever wondered what the P/E ratio of the Russell 2000 was given that it is full of companies where the 'E' is negative? The answer is simple - and ugly - as The Wall Street Journal exposes, the aggregate P/E of the Russell 2000 is over 200x which perhaps explains the gaping chasm between bond and equity valuations for this highly credit-sensitive cohort.

The Second Tech Bubble Has Burst: Here Come The Mass Layoffs

"Failure is often just around the corner." In this case failure means much more than just a few billionaires reseting their bubble-level valuation marks back to reality: it means that for millions of ordinary Americans who jumped on the second tech bubble bandwagon, the hangover from the party of the last few years is just around the corner. Said otherwise, the mass layoffs have arrived.

"China Is A Monumental Doomsday Machine" Stockman Warns

China is a monumental doomsday machine that bears no more resemblance to anything that could be called stable, sustainable capitalism than did Lenin’s New Economic Policy of the early 1920s. The latter was followed by Stalin’s Gulag and it would be wise to learn the Chinese word for the same, and soon. These folks are on the deadliest strain of financial heroin known to mankind and have no chance of surviving; its a dead economy walking.

We Just Found Out The Real Reason The FBI Wants A Backdoor Into The iPhone

On the face of it, The FBI vs Apple - the feverish momentum of American technocracy accelerating into the cavernous Orwellian entrenchment of the surveillance state - boils down to a single locked and encrypted iPhone 5S, used by radical jihadist Syed Rizwan Farook. However, as we are learning, the FBI and the federal government have a far more comprehensive end-game in mind than merely bolstering the prosecution of this one case.