Free Money

Tyler Durden's picture

The Real Story Behind Deutsche Bank's Latest Book Cooking Settlement





On Tuesday, Deutsche Bank agreed to a $55 million SEC settlement tied to allegations it hid billions in losses by mismarking its crisis-era derivatives book. The bank has always contended its valuation methodologies were sound. Here is the real story...

 
Tyler Durden's picture

Our Crazy-Making Economy's Endgame: Festering Frustration Seeking An Outlet





The consequence of policies that exacerbate injustice, inequality and double-bind demands is a madness that will find a social and economic outlet somewhere, sometime.

 
Tyler Durden's picture

Zappos CEO Pushes "100% Weird" Boss-less Model After Employee Exodus





210 of Zappos CEO Tony Hsieh's 1,500 employees took the money and ran last month after the company's pay-to-quit scheme backfired amid a transition to a boss-less corporate structure. Now, things are just getting "weird"...

 
GoldCore's picture

It’s Time to Hold More Cash and Buy Gold





Bank of America advocates adding gold to one’s portfolio along with higher levels of cash. Citing factors such as liquidity, profits, technological disruption, regulation, and income inequality they say there exists a potential for a “cleansing drop in asset prices.”

 
Tyler Durden's picture

Hundreds Leave "Boss-less" Zappos As "Get-Paid-To-Quit" Scheme Backfires





Zappos CEO Tony Hsieh wasn't satisfied with how quickly his company was transitioning to an "unconventional" boss-less corporate culture, so he sent a memo to his 1,500 employees reminding them that Zappos will pay unsatisfied workers to quit. The result: some folks quit...

 
Tyler Durden's picture

Deflation Works!





Threatened with deflation, the authorities will want to turn the tide in the worst possible way. What’s the worst way to stop deflation? With hyperinflation. Yes, we may suffer a year or two more of sluggish growth... or even deflation. Stocks will crash and people will be desperate for paper dollars. But sooner or later, the feds will find their feet and lose their heads. Most likely, the credit-drenched world of 2015 will end... not in a whimper of deflation, but in a bang. Hyperinflation will bring the long depression to a dramatic close long before a quarter of a century has passed.

 
Sprott Money's picture

Bond Bubble = Debt Jubilee





An interesting article has neatly encapsulated the global (but primarily Western) “bond bubble”:

 
Tyler Durden's picture

Fed Agrees To Name The FOMC Leaker (As Long As Congress Keeps It Secret)





Having initially missed its deadline to provide a response to Congress with regard the 2012 leak of FOMC minutes to an external newsletter writer, The Fed reluctantly admitted that none other than Janet Yellen had met with them. Today, however, as The Wall Street Journal reports, The (unaudited) Fed has agreed to furnish a congressional panel with the names of its staffers who had contact with Medley Global Advisors in the months before the leak, “with the understanding that the names will be kept confidential." So we'll happily tell you who leaked it... as long as you don't tell the public. Audit The Fed!!!

 
Tyler Durden's picture

Suddenly "You Can't Ignore The Data" Has Turned Into "Trust Me"





The week that passed has been nothing short of a roller coaster ride for many nervous investors. And for some: a realization that the once hyped, hawked, and levered Billion dollar babies can indeed “come off the rails.” Turning the once joyride into something more in common with a free fall into the abyss. However, you’re told not too worry: For if you loved the ride when the prices were higher, then surely you should be ecstatic to “ride again” since the new ticket prices are clearly “on sale!”

 
GoldCore's picture

JP Morgan Cornering Silver Bullion Market?





JP Morgan’s massive silver buying brings to mind the Hunt Brothers' attempt to corner the silver market in the late 1970s. The Texas oil-tycoons tried to corner the silver market by accumulating a massive silver futures position.  Ted Butler has estimated that JP Morgan may currently hold far more than their official figure of 55 million ounces.

 
Tyler Durden's picture

"Dear Fed, It’s Time To Lean, Or Leave"





A big part of the U.S. equation is U.S. executives are looking at yields and realizing that to not borrow at these unsustainable levels could be a missed opportunity they will sorely regret. If you run a viable business and “investors” are throwing free money at you for future growth, why not leverage up and buy back some stock. This is ultimately something the Fed needs to focus on and lean against.

 
Tyler Durden's picture

Why Markets Are Manic - The Fed Is Addicted To The "Easy Button"





Honest price discovery is essential to capitalist prosperity since it is the miraculous mechanism by which capital is raised from savers and investors and efficiently allocated among producers, entrepreneurs and genuine market-rate borrowers. What the central banks have generated, instead, is a casino that is blindly impelled to churn the secondary capital markets and inflate the price of existing assets to higher and higher levels - until they ultimately roll-over under their own weight. The Easy Button addiction of our central bankers is thus not just another large public policy problem. It is the very economic and social scourge of our times.

 
Tyler Durden's picture

"Above The Law" Fed Ignores Congressional Deadline On FOMC Minutes Leak Probe





In a stunning shun to Congressional lawmakers, WSJ reports that The Fed has failed to comply with a request that the bank-owned entity identify the individuals who leaked The FOMC Minutes to Medley Global Advisors a day before the official release in October 2012. Rep. Jeb Hensarling sent a letter to Fed Chairwoman Janet Yellen on April 15 asking the Fed to name them by 5 p.m. EDT April 22. The deadline passed without any response by the Fed...

 
Reggie Middleton's picture

2010 Contrarian Prediction of the Disastrous Consequences of ZIRP & Free Money Policy In the Banking System, Year 5





In 2010, contrary to nearly every pundit, analyst and economist popularly published, I proclaimed ZIRP would starve the banks. Fast forward 5 years and banks are looking famished and things are getting worse 'casue more bailouts are coming before we finish ending the last bailout program (ZIRP) - The Federal Reserve has decided to let U.S. banks make limited use of municipal bonds to meet liquidity requirements

 
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