• 09/21/2014 - 14:52
    Dear Janet; If I may be so forward, as a concerned citizen of the Constitutional Republic of the United States, it is with great consternation that I feel compelled to write you this distressing...

Budget Deficit

Tyler Durden's picture

The U.S. National Debt Has Grown By More Than A Trillion Dollars In The Last 12 Months





The idea that the Obama administration has the budget deficit under control is a complete and total lie.  The U.S. national debt has actually grown by more than a trillion dollars in less than 12 months.  We continue to wildly run up debt as if there is no tomorrow, and by doing so we are destroying the future of this nation.

 
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Why Worry? The Two Scariest Charts In The World





There are plenty of things to worry about these days. However, with enough intelligence, political will, common-sense and perseverance, most challenges we face as a species can be overcome (maybe providing some hope that we can tackle whatever we are facing right now.) So why worry? Well, what will happen if we start losing those qualities and values as a global society? Which is why we believe that the following graphs are the scariest in the world today...

 
Tyler Durden's picture

Frontrunning: September 11





  • Obama orders U.S. airstrikes in Syria against Islamic State (Reuters)
  • Obama Relying on Mideast Allies to Counter Islamic State (BBG)
  • Scotland Nationalists Claim U.K. Oil in 40-Year Campaign (BBG)
  • Scottish Polls Embolden Catalans Pushing Rajoy for Vote (BBG)
  • Royal Bank of Scotland: RBS will leave Scotland if voters back independence (Guardian)
  • Most Hedge-Fund Managers Are Overpaid, Unigestion Says (BBG)
  • China Inflation Softens to Four-Month Low (WSJ)
  • Munger Hosts Groupies, Mocks Wall Street, Praises Buffett (BBG)
 
Tyler Durden's picture

Scottish Independence Referendum: The Complete Summary





For those just catching up on the main news event of the weekend, namely the sudden surge in Scotland "Yes" vote polling surpassing 50% for the first time, here is a complete round up of the background, updates and expert reactions from RanSquawk, Bloomberg and AFP.

 
Tyler Durden's picture

The Stupendous Failure Of Big City Education: How The Philly Teachers Union Loots The Schools





So let us get this straight. The average Philadelphia teacher is receiving compensation and benefits of $112,700 and 50% of their students dropout; while of the remaining students only 45% can do math, 35% can read, and 30% can write. But at least they have some nice murals dotting the decaying schools. Furthermore, every new year will bring higher 'fairer' pension payment requirements. This is a crisis that grows larger by the day and is willfully ignored by politicians beholden to these government unions. The sheer idiocy of the following plan to "save" the schools this year is lost on the brainless media twits mouthing the teacher's union talking points.

 
Tyler Durden's picture

Frontrunning: August 28





  • Clearly it's time to bomb Assad (on Qatar instructions): Islamic State executes dozens of Syrian army soldiers (Reuters)
  • Ukraine Declares Russian Invasion as Sanctions Threat Raised (BBG)
  • Ukraine Reports Russian Invasion on a New Front (NYT)
  • German Unemployment Rises as Risks to Economy Build (BBG)
  • Ebola spreads to Nigeria oil hub Port Harcourt (BBC)
  • FBI Probes Possible Hacking Incident at J.P. Morgan (WSJ)
  • FBI, Secret Service investigate reports of cyber attacks on U.S. banks (Reuters)
  • If you like your Venezuela, you can stay in Venezuela: Airlines Abandon Fliers Amid Currency Dispute (WSJ)
  • Boomer Wealth Dented by Mortgages Poses U.S. Risk (BBG)
  • People Aren't Buying Guns (BusinessWeek)
 
Tyler Durden's picture

Ten Years Later: The Greek Olympic Wasteland In Photos





Ten years ago, when Europe was successfully pretending it is solvent for the benefit of German exports and Greece was happily masking its budget deficit disaster with Goldman Sachs currency swaps, the Olympic flame was about to light up the Athenian night sky. As BBC reports, the return of the Games to the Olympics' spiritual home was widely hailed as a success at the time. Now, not so much and most Greeks view the Athens Olympics with anger as a contributing factor to the country's economic catastrophe. The Games cost almost twice their projected budget, with organisers not opting to use any temporary, collapsible venues, as other host cities have done.

 
Tyler Durden's picture

Capital Controls & Confiscation - The Most Important Strategy Investors Ignore





“If I scare you this morning, and as a result you take action, then I will have accomplished my goal," is how Casey Research's Jeff Clark began a recent conference speech. But the reality is that he didn’t need to try to scare anyone. Sadly, the evidence is overwhelming and has already alarmed most investors; our greatest risk is not a bad investment but our political exposure. And yet most of these same investors do not see any need to stash bullion outside their home countries. They view international diversification as an extreme move. Many don’t even care if capital controls are instituted. We're convinced that this is the most common - and important - strategic investment error made today...

 
Tyler Durden's picture

"The US Is Bankrupt," Blasts Biderman, "We Now Await The Cramdown"





There are many ways to look at the United States government debt, obligations, and assets. But TrimTabs's Charles Biderman cuts straight to the bottom line and add it all up - $89.5 trillion in liabilities and $82 trillion in assets.  There.  It’s not a secret anymore, and although these are all government numbers, for some strange reason the government never adds them all together or explains them - but we will. No one can really know what will have value in this politicized crony capitalistic system as the hyper-monetization ramps up... all I can suggest is to hedge your bets with some physical precious metals and some minimal leveraged real estate. Unfortunately, the more you know, the more you know you don’t know... invest and live accordingly.

 
Tyler Durden's picture

Hoisington: 30Y Treasury Bonds Are Undervalued





With U.S. rates higher than those of major foreign markets, investors are provided with an additional reason to look favorably on increased investments in the long end of the U.S. treasury market. Additionally, with nominal growth slowing in response to low saving and higher debt we expect that over the next several years U.S. thirty-year bond yields could decline into the range of 1.7% to 2.3%, which is where the thirty-year yields in the Japanese and German economies, respectively, currently stand.

 
tedbits's picture

Weekly Wrap - July 11, 2014





This week was interesting to say the least and it is ending with a bang.  We are covering a number of brief subjects this week.  I hope you enjoy them.

 
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Egypt Raises Fuel Prices 78% Overnight





Egypt's surging budget deficit has hit its limit and the Oil Ministry has decided to cut its $20bn plus fuel subsidies. The result - mainstream fuel prices by up to 78% from midnight on Friday. As Reuters reports, previous governments have failed to curb energy product subsidies, fearing backlash from a public used to cheap fuel. We will wait and see the response but as one analyst noted "It should be noted that the effect of a rise in fuel prices will not affect the poor directly, since they do not own cars..." which makes perfect sense as long as the poor do not use or purchase any item that has fuel in its supply chain - brilliant! The government hopes the fuel subsidy cut will raise 40 billion pounds.

 
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