• Tim Knight from...
    01/26/2015 - 21:16
    "Oh, he's there to make sure high school kids don't jump in front of a train to kill themselves", I would reply. And you, assuming you come from a place that isn't insane, would be puzzled and...

World Trade

Tyler Durden's picture

David Stockman: Woodrow Wilson's War & Why The Entire 20th Century Was A Mistake





"My humble thesis tonight is that the entire 20th Century was a giant mistake. And that you can put the blame for this monumental error squarely on Thomas Woodrow Wilson - a megalomaniacal madman who was the very worst President in American history... well, except for the last two."

 
George Washington's picture

Top Counter-Terrorism Agency: Citizens Should Be Armed To Stop Terror Attacks





Head of International Police Agency:  Arming Citizens May Be the Best Way to Stop Terrorists

 
Marc To Market's picture

The Global Chessboard Reconsidered





Here is why I think the BRICS challenge is eroding. 

 
Tyler Durden's picture

Oil & The Economy: The Limits Of A Finite World In 2015-16





Mainstream Media in the US seem to emphasize the positive aspects of the drop in prices. If our only problem were high oil prices, then low oil prices would seem to be a solution. Unfortunately, the problem we are encountering now is extremely low prices. If prices continue at this low level, or go even lower, we are in deep trouble with respect to future oil extraction. The situation is much more worrisome than most people would expect. Even if there are some temporary good effects, they will be more than offset by bad effects, some of which could be very bad indeed. We may be reaching limits of a finite world.

 
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Pimping Passports For Chinese Capital: America's Ingenious Ploy To Raise CapEx From China's Oligrachs





A week ago we wrote how Pennsylvania is financing various state infrastructure projects by selling residency to Chinese "investors" for $500K each. As it turns out, the practice of pimping passports for Chinese capex is hardly new or just isolated to Pennsylvania and is, in fact, massively widespread throughout America's insolvent states whose tax collections are far below budget and which are in desperate need of fresh funds to embezzle invest in random boondoggles. Case in point, New York, where the Biggest real-estate project in a generation, the Hudson Yards, is now officially financed by 1200 Chinese families in search of visas allowing them to live (and park their stolen cash) in the US. In all, 10,928 foreign investors applied to invest through the program in the fiscal year ended Sept. 30, up from 6,346 a year earlier and 486 in 2006, according to U.S. Citizenship and Immigration Services, the program’s administrator. Most projects have been real-estate developments.

 
Tyler Durden's picture

The Only Way To Stop The Empire





The final days of US empire are fast approaching. Perhaps its end will pass slowly and gradually, or perhaps the event will unfold rapidly and catastrophically. Maybe chaos will break loose, or maybe its demise will be organized well and proceed smoothly. This nobody knows, but the end of empire is coming as surely as day follows night and sun follows rain. Overexpansion, overreach and over-indebtedness will take their toll—as all past empires have discovered.

 
Tyler Durden's picture

Frontrunning: November 26





  • National Guard, police curb Ferguson unrest as protests swell across U.S. (Reuters)
  • Ferguson Reaction Across U.S. Shows Complex Racial Split (BBG)
  • Democratic senator Schumer: Democrats Screwed Up By Passing Obamacare In 2010 (TPM)
  • Veto threat derails Reid tax deal (Hill)
  • Justice Department Investigating Possible HSBC Leak to Hedge Fund (WSJ)
  • Merkel hits diplomatic dead-end with Putin (Reuters), and yet...
  • Merkel Said to Reject Ukraine NATO Bid as Rousing Tension (BBG)
  • HSBC, Goldman Rigged Metals’ Prices for Years, Suit Says (BBG)
 
Tyler Durden's picture

Frontrunning: November 25





  • Ferguson in Flames (Reuters)
  • Ferguson Cop Told Grand Jury He Feared for His Life (BBG)
  • Sharpton: Grand Jury Announcement ‘An Absolute Blow’ (Daily Caller)
  • Gunshots echo as violence returns to Ferguson, protests across U.S. (Reuters)
  • BoJ members warned on costs of more easing (FT)
  • Hagel Exit Shows Obama Has Taken Power Away From Pentagon (BBG)
  • Ukraine leader, under pressure from West, pledges new government soon (Reuters)
  • Eurozone Stagnation Poses Major Risk to Global Growth, OECD Warns (WSJ)
  • ECB’s Coeure Says Officials Won’t Rush as They Debate All Assets (BBG)
 
Tyler Durden's picture

Why Japan’s Money Printing Madness Matters





Keynesian fiscal policies and central banking regimes have buried the public sectors of most of the world’s major economies in unsustainable debt. Now they propose to double down on more of the same because an entire generation of politicians have been house-trained in permanent fiscal profligacy and endless kicking of the fiscal can down the road. To be sure, in perhaps putting off Japan’s day of fiscal reckoning once again, Prime Minister Abe is proving himself to be a certifiable madman. In short order, however, he will have plenty of company all around the planet.

 
Tyler Durden's picture

Frontrunning: November 12





  • Banks to Pay $3.3 Billion in FX-Manipulation Probe (BBG)
  • Symbolic being the key word: U.S., China sign symbolic emissions plan, play down rivalry (Reuters)
  • Europe (so really Russian sanctions) is the new "snow in the winter" - Carney Sees Europe Stagnation Impact as Growth Outlook Cut (BBG)
  • Eurozone Industrial Output Points to Weak Third Quarter Growth (WSJ)
  • Not everyone around Abe is insane: Kuroda Ally Flags Warning on Delaying Sales-Tax Increase (BBG)
  • Hong Kong to scrap daily yuan conversion limit to boost stock investment (Reuters)
  • Barclays Falls After FX Settlement Delay Reduces Discount (BBG)
  • Some unhappy Yahoo investors asking AOL for rescue (Reuters)
 
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