• Tim Knight from...
    11/26/2014 - 19:43
    I read your post Pity the Sub Genius and agreed with a lot of what you wrote. However you missed what I think is the biggest killer of middle class jobs, and that is technological...

KIM

Bruce Krasting's picture

The President Shoots??





I used to hold onto my option for the last shot in the hope of the elusive double. It was showboating, but one time I hit it, and it was (almost) better than sex. (I was maybe 19 at the time)

 

 
Tyler Durden's picture

Currency Wars Heating Up As Taiwan, Korea And China Fire Warning Shots





While the overnight session has been relatively quiet, the overarching theme has been a simple one: currency warfare, as more of the world wakes up to what the BOJ is doing and doesn't like it. The latest entrants in global warfare: Taiwan, whose central bank overnight said it would step in the FX market if needed, then Thailand, whose currency was weakened on market adjustment according to Prasarn, and of course South Korea, where the BOK said that global currency war spreads protectionism. Last but not least was China which brought out the big guns after the PBOC deputy governor Yi Gang "warned on currency wars." To wit: "Quantitative easing for developed economies is generating some uncertainties in financial markets in terms of capital flows,” Yi, who is also head of China’s foreign-exchange regulator, told reporters. “Competitive devaluation is one aspect of it. If everyone is doing super QE, which currency will depreciate?” “A currency war, a series of tit-for-tat competitive devaluations, would trigger trade protection measures that would damage global trade and therefore growth globally,” said Louis Kuijs, chief China economist at Royal Bank of Scotland Plc in Hong Kong, who previously worked for the World Bank. “That would not be good for any country with a stake in the global economy.” Which brings us to the fundamental question - if everyone eases, has anyone eased? And is there such a thing as a free lunch when central banks simply finance global deficits while eating their soaring stock market cake too? The answer, of course, is no, but we will cross that bridge soon enough.

 
Tyler Durden's picture

Frontrunning: January 21





  • With array of challenges, Obama kicks off second term at public inauguration (Reuters)
  • Uneasy in the Political Climate, Mickelson Talks Like Someone Ready to Step Away (NYT)
  • BOJ Should Slow Easing If Yen Weakens Too Much, Hamada Says (BBG)
  • Spain Recession Scars Exposed as Jobless Seen at 6 Mln (BBG)
  • Davos Doom Loses to Merkel-Draghi as Euro Defies Roubini (BBG)
  • Algeria finds dead Canadian militants as siege toll rises (Reuters)
  • Beijing tries to clean up its act (FT)
  • Investigators probe Boeing 787 battery maker (Reuters)
  • Netanyahu Gets Landslide in Markets Masking No Peace Process (BBG)
  • Google aims to replace passwords with ID ring (Telegraph)
  • Kim Dotcom launches new upload site (FT)
  • Dell Said to Hire Evercore to Seek Higher Bids After Buyout (BBG)
  • Hostess Bakers Union Hires Investment Bank Gordian in Asset Sale (BBG)
 
Tyler Durden's picture

Guest Post: Fiscal Farce, Failure, Fantasy, & Fornication





After witnessing the fighting of undeclared never ending wars, passage of freedom destroying legislation like the Patriot Act & NDAA, approval of pork barrel spending to the tune of hundreds of billions, rule by Executive Order, using ZIRP to extract hundreds of billions from senior citizen savers and give it to criminal Wall Street banks, forcing the American people at gunpoint to replenish the Wall Street banks with $700 billion after they had committed the greatest financial fraud in history, and a continuing trampling of the U.S. Constitution, the American people continue to remain willfully ignorant of the truth. The American Dream is dead. We’ve allowed a rich, privileged, elite few to achieve hegemony over our economic and political system with their control of the media and manipulation of our financial markets. They will collapse the country because they will never be satisfied with the amount of wealth and power they’ve accumulated. Their voracious greed will be their downfall.

 
4closureFraud's picture

Marshall Watson Foreclosure Mill Shut Down After Guilty Plea And Consent to Judgment, Changes Name to Choice Legal Group





The Law Office of Marshall Watson seems to be shutting down in name only because it has all the appearances of easing right into its new name, Choice Legal Group, with the same staff, attorneys, foreclosure cases, and clients...

 
smartknowledgeu's picture

Take “The No Facebook, No SmartPhone Challenge” & Don't Fear the Tiny Dot





Can you live without FaceBook & your smartphone for an entire week? Take our challenge and maybe you will discover that all technology does not always improve the quality of your life.

 
smartknowledgeu's picture

The 9 Step Process Bankers Use to Force Global Slavery Upon Humanity





If you ever wondered how just a few thousand bankers could impose their Ponzi global banking scheme upon 7 billion people, here is "The 9 Step Process Bankers Use to Force Global Slavery Upon Humanity."

 
testosteronepit's picture

North Korea's New Master Plan





Something is going on that reeks of the dreaded phrase, “this time, it’s different”: secret discussions in Germany.

 
Tyler Durden's picture

Frontrunning: January 4





  • Just like last year: A Postholiday Letdown for Retailers (WSJ)
  • Obama Fights Republicans on Debt as Investors Seek Growth (BBG)
  • Housing a Sweet Spot for U.S. Economy as Recovery Expands (BBG)
  • House chooses Boehner as speaker again despite dissent (Reuters)
  • Backlash pushes Republicans to seek cuts (FT)
  • Jobs Lost Hit 5 Million With Rigged Currencies (BBG)
  • Chavez still has "severe" respiratory problem (Reuters)
  • Paris promises flurry of economic reforms  (FT)
  • Investors Sour on Pro Stock Pickers (WSJ)
  • Abe moves to ease South Korea tensions (FT)
  • Wildfires Hit Australia Amid Worst Heatwave in Decade (BBG)
  • Monti attacks ‘extremist’ rivals (FT)
 
smartknowledgeu's picture

The Banking Elite are Not Only Stealing Our Wealth, But They Are Also Stealing Our Minds





Though the banking elite are now increasingly being exposed for their criminal activities against humanity in their theft of citizens’ wealth, rarely is another one of their greatest transgressions, their theft of citizens’ minds and the process by which they target and transform young adults into docile, obedient creatures through institutional academia, ever discussed.

 
Tyler Durden's picture

Instragram Loses 25% Of All Users In Aftermath Of Rule Change Fiasco





It seems between photos of the family Zuckerberg brunching Christmas Day and the revolt against the rules change, Instagram has been slapped with an exodus of users. As NY Post reports, Instagram, which peaked at 16.4mm users the week it rolled out the policy change, had fallen to 12.4mm users as of yesterday - a massive 25% plunge. The terms of service change which enabled the selling of user's photos 'without any compensation' seems to have perturbed more than a few tweens (including Justin Bieber and one of the Kardashians). How quickly the worm turns as these 'fad' sites come and go; from its busiest 24 hours over Thansgiving to a 25% plunge by Christmas - and all this as Twitter steps up its competition. We are sure that Facebook was priced for this decline though and will monetize the mobile exodus.

 
smartknowledgeu's picture

Why it is Not Possible to be Moral and to Work For a Bank





We believe that because the Rockefellers and Rothschilds created our “modern” banking system with the express diabolical intent of transferring the wealth of nations to themselves with zero work and of preventing the people of these nations from revolting through the imposition of debt enslavement achieved through the administration of the fractional reserve banking system, it is impossible to be a moral person and work for a bank.

 
Tyler Durden's picture

More Un-Predictions: Deutsche's 13 Outliers For '13





Following on the heels of Byron Wien, Morgan Stanley's Surprises, and Saxo's Outrageous Predictions, Deutsche Bank's FX strategy team has created a who's who of 13 outliers for 2013. Quite frankly, given the extreme nature of monetary (and now fiscal) policy, asset allocation decisions, and bankers' and politicians' willingness to go into the media and lie directly to our faces, the comprehension of the possible (no matter how improbable) is far more important for risk management than the faith in the centrally-planned unreality our markets (and therefore ourselves) currently find themselves in. As they note, all too often, the tendency to not stray too far from a self-anchoring recent-history-extrapolated consensus (while apparently highly profitable for some for a microcosm of time) leads to unrecoverable drawdowns exactly when career-risk was the limiting factor. From Malaysian elections and EM bubbles bursting to Fed monetizing equities and South China Sea escalation, these outliers seem all to 'normal' in our brave new world.

 
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