• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

Hank Paulson

Hank Paulson
Tyler Durden's picture

Bernanke's New Helicopter Money Plan - Sheer Destructive Lunacy





Bernanke has been a charlatan and intellectual lightweight all along but the gist is that the US economy is wanting for some non-existent ether called “aggregate demand”. And that this ether is something the Fed can easily create by handing an open-ended spending account to politicians, and one that would never have to be repaid or even serviced with interest! It puts you in mind of the medieval theologians who endlessly debated as to the number of angels which could fit on the head of a pin. The trouble is, there is not such thing as angels. Nor is there any such thing as economic growth or wealth that can be conjured by politicians spending Bernanke’s utterly counterfeit money.

 
Tyler Durden's picture

Despite "Angry Americans", Hank Paulson Says "There'll Be No President Trump"





"...when you have the American people as angry as they are, that this is -- this makes them ripe for populism...But I will stick my neck way out and say, I don't think it's going to be Donald Trump."

 
Tyler Durden's picture

Valeant Throws Its Former CFO Under The Bus; Accuses Him Of Cooking The Books After Coming Over From Goldman Sachs





Back in October, we tried to "tie the Valeant roll-up together by presenting The Goldman "Missing Link" in which we showed that Howard Schiller, Valeant's CFO from December 2011 to June 2015, previously ran Goldman Sachs’ health-care practice until 2009, when he became the chief operating officer of Goldman’s investment bank. The next year, the bank advised Valeant on its breakout purchase of Biovail Corp. Today, as part of its stunning announcement earlier today, the company - in looking for easy scapegoats - also threw its former CFO under the bus and accused him of cooking the books.

 
Tyler Durden's picture

World's Largest Hedge Fund Appoints Hardware Engineer As Co-CEO





That the world's largest hedge fund, Ray Dalio's Bridgewater, just announced the appointment of an hardware engineer, even one as enlightened as former NeXT and Apple executive Jon Rubinstein, should tell you all you need to know about what is really going on in the "market."

 
Gold Money's picture

Buffett’s Math Trumped by Gold





In his annual newsletter to shareholders, Buffett makes the argument that $56,000 today is six times better (even after his adjustment for inflation) than the $858 of GDP per Capita each US Citizen earned in 1929 but forgets to mention that $858 in 1929 was equivalent to 41.5 Troy Ounces of Gold in 1929. When measuring on an apple to apples comparison, there has been little to no gain in GDP per capita over the last 86 years in the United States. We show you the math.

 
Tyler Durden's picture

Hypocrisy Defined: Hank Paulson Tells China "Let Failing Companies Fail"





"Do as I say, not as I do" is the clear message of hypocrisy spewed forth by former US Treasury Secretary Henry Paulson this week. Having presided over the largest redistriubution of taxpayer funds to bailout the banking system, while exclaiming fire and brimstone should they not be saved, he now has some advice for an over-levered, over-capacity, systemically-stymied China - "let failing companies fail."

 
Tyler Durden's picture

According To Morgan Stanley This Is The Biggest Threat To Deutsche Bank's Survival





According to Morgan Stanley the biggest threat to the profibatility, viability and outright existence of the most leveraged commercial bank in the world, is none other than ECB president Mario Draghi.

 
Tyler Durden's picture

Who Said It 13 Years Ago?: "Mr. Greenspan, You Are Way Out Of Touch"





Feel. The. Bern. "I have long been concerned that you see your major function and your position as the need to represent the wealthy and I must tell you that your testimony today only confirms all of my suspicions." 

 
Tyler Durden's picture

Mass Layoffs To Return With A Vengeance





Remember the mass layoffs of 2008-2009? The US economy shed millions of jobs quickly and relentlessly, as companies died and the rest fought for survival. Then the Fed and the US government flooded the banks and the corporate sector with bailouts and handouts. The nightmare of 2008 soon became a golden era of 'recovery'. Well, 2016 is showing us that that era is over. And as stock prices cease to rise, and in fact fall within many industries, layoffs are beginning to make a return as companies jettison costs in attempt to reduce losses.

 
Tyler Durden's picture

Even Goldman Has Bailed On Bush





"The money he raised early was largely in order to give him the chance to blow the others away early, which we know he did not do..."

 
rcwhalen's picture

Feldkamp: The Macroeconomics of Crises and Fraud





Financial fraud is any method by which deception or duplicity induces those with money to "invest" in a scheme...   

 
Tyler Durden's picture

Fourth Turning - Social & Cultural Distress Dividing The Nation





A simmering rage is bubbling below the surface as 20% of American households rely on food stamps to survive, the percentage of Americans in the labor force stands at a four decade low, real household income remains stagnant at 1988 levels, corporate profits have reached record levels while corporations continue to fire Americans – shipping their jobs overseas, and the six mega-corporations representing the mainstream media cover up the truth, mislead the public with propaganda, while celebrating the .1% as saviors of our economy. There is nothing more volatile to societal stability than millions of unemployed men, growing angry and resentful towards the ruling class for their lot in life.

 

 
EconMatters's picture

Federal Reserve





The Federal Reserve has been telegraphing to markets that they are going to raise the fed funds rate by 25 basis points next month at its December Fed Meeting.

 
Tyler Durden's picture

EU Commissioner's Dire Warning: "The Only Alternative To Europe Is War"





While the saying goes "good fences make good neighbors," it appears the leadership of The EU is starting to get frustrated with the lack of acquiescence among some of the 'union's' newer or more marginal members. In a somewhat stunning statement, following ongoing and contentious meetings to discuss solutions to the migrant 'problem', EU Commissioner Timmermanns appeared to warn disagreeable member states, "There is an alternative to everything. I believe in EU cooperation because of all other forms in history have been tried to help Europeans get on better, and with the exception of this one, all other forms have led to war - so let's stick to this one."

 
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