North Korea

Tyler Durden's picture

Wealth Inequality Is Not A Problem, It’s A Symptom





If someone would suggest today to break up the USA, because its present status contradicts that which the Founding Fathers had in mind (and there are plenty of arguments to be made that such contradictions exist in plain view), (s)he would not even be sent to a nuthouse, because no-one would take him/her serious enough to do so. But wealth inequality still rises rapidly within America, and it doesn’t serve the people. So why does it happen, and why do we let it? Because the inequality that matters most is not wealth, but power. And we’ve been made to believe that we still have that power, but we don’t. Voting in elections has the same function today as singing around a Christmas tree: everyone feels a strong emotional connection, but it’s all just become one giant TV commercial...

 
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Jim Rogers Warns: Albert Edwards Is Right "Sell Everything & Run For Your Lives"





From Bitcoin to the Swiss gold referendum, and from Chinese trade and North Korean leadership, Jim Rogers covers a lot of ground in this excellent interview with Boom-Bust's Erin Ade. Rogers reflects on the end of the US bull market. citing a number of factors from breadth to the end of QE, adding that he agrees with Albert Edwards' perspective that now is the time to "sell everything and run for your lives," as the "consequences of [The Fed] are now being felt." Most notably though, Rogers believes the de-dollarization is here to stay as Western sanctions force many nations to find alternatives. Simply put, Rogers concludes, "we are all going to pay a terrible price for all this money-printing and debt."

 
Tyler Durden's picture

On The Precipice Of A Breakdown In Confidence





"I am calm. But I am angry, too. It doesn’t have to be this way... this consensus-by-fiat style of policy leadership where we are always only one counter-factual reveal – the sick nurse or the sick economy – away from a breakdown in market or governmental confidence. I am angry that we have been consistently misjudged and underestimated, treated as children to be “educated” rather than as citizens to be trusted. I am angry that our most important political institutions have sacrificed their most important asset – not their credibility, but their authenticity – on the altar of political expediency, all in a misconceived notion of what it means to lead. And yet here we are. On the precipice of that breakdown in confidence. A cold wind of change is starting to blow. Can you feel it?"

 
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Frontrunning: October 14





  • No Happy Ending for Investors in Central Bank Fairy Tale (BBG)
  • Ebola Response Strains Hospitals (WSJ)
  • Obama, foreign military chiefs, to thrash out Islamic State plans (Reuters)
  • Draghi’s ‘Whatever It Takes’ Plan on Trial at EU Court (BBG)
  • Too-Big-to-Fail Banks Face Up to $870 Billion Capital Gap (BBG)
  • Iran’s Message to World: You Need Us to Fight Islamists (BBG)
  • Facing new oil glut, Saudis avoid 1980s mistakes to halt price slide (Reuters)
  • Ukraine Grannies Outprice Banks on Hryvnia Black Market (BBG)
  • HK police use sledgehammers, chainsaws to clear protest barriers, open road (Reuters)
  • Gazprom Quarterly Net Rises 13%, Misses Estimate on Ukraine Debt (BBG)
 
Tyler Durden's picture

"Clueless", Reaccomodating Fed Spurs Epidemic Of Record Low Yields Around The Globe





  • IRELAND SELLS 10-YEAR BONDS AT RECORD-LOW YIELD OF 1.63%
  • GERMAN 10-YEAR BUNDS RISE; YIELD FALLS 2 BASIS POINTS TO 0.88%
  • DUTCH 10-YEAR GOVERNMENT BOND YIELD DROPS TO RECORD-LOW 1.021%
  • PORTUGUESE 10-YEAR BOND YIELD DROPS TO RECORD-LOW 2.942%
  • FRENCH 10-YEAR GOVERNMENT BOND YIELDS DROP TO RECORD-LOW 1.214%
  • U.S. 10-YEAR NOTE YIELD DROPS TO 2.296%, LOWEST SINCE JUNE 2013
  • SPANISH 10-YEAR BOND YIELD DROPS TO RECORD-LOW 2.038%
  • FINNISH 10-YEAR YIELD DROPS TO 1% FOR FIRST TIME ON RECORD
 
Tyler Durden's picture

We Are Living In A State Of Keynesian "Bliss"





Back in 1930, Keynes looked out into the future and saw that with the proper management of the economy, monetary policy and the like, the world could attain a type of utopian stasis: Keynes expected growth to come to an end within two to three generations, and the economy to plateau. He referred to this imaginary state of equilibrium as "bliss," noting “thus for the first time since his creation man will be faced with his real, his permanent problem - how to use his freedom from pressing economic cares, how to occupy the leisure, which science and compound interest will have won for him, to live wisely and agreeably and well." However, Keynes did say this would happen if mankind avoided any calamitous wars and if there was no appreciable increase in population. Two more flawed base assumptions there could not have been.

 
Tyler Durden's picture

Frontrunning: September 12





  • Russia faces new U.S., EU sanctions over Ukraine crisis (Reuters)
  • Glasgow pulls no punches in welcome to 'Save the Union Express' (Guardian)
  • Pound Seen Tumbling Up to 10% on Scottish Yes Vote (BBG)
  • Moscow stifles dissent as soldiers return in coffins (Reuters)
  • Ukraine's leader sees no military solution of crisis, eyes reforms (Reuters)
  • Venezuela Threatens Harvard Professor for Default Comment (BBG)
  • Australia Raises Terror Alert to Highest Level in a Decade (BBG)
  • Activist Investors Build Up Their War Chests (WSJ)
 
Tyler Durden's picture

President Obama Unveils The "It's Different This Time" ISIS Strategy - Live Feed





Previewing tonight’s televised prime-time address to the nation, The Onion reports that White House aides confirmed that President Obama will reassure Americans that the impending military campaign against ISIS will be the exact same type of open-ended, drawn-out conflict that they are used to. “The president’s message is clear: This will be just another one of our routine intractable engagements in the region - it’s going to be unending, it’s going to be expensive, and it’s going to affect our credibility within the international community. There will not be any surprises for folks to worry about.”

And in The President's own words, "But I want the American people to understand how this effort will be different from the wars in Iraq and Afghanistan."

 
Tyler Durden's picture

Russian General Demands Preemptive Nuclear Strike Doctrine Against NATO





While NATO is contemplating its existential purpose in a world where the Cold War has suddenly come back with a vengeance, and the military alliance has found itself woefully unprepared to deal with a Russia which no longer accepts the supremacy of the west (appropriately enough NATO is doing this on a golf course) Russia is also strategizing, only instead of issuing "sharply-worded catchphrases" and hashtags, a Russian general has called for Russia to revamp its military doctrine, last updated in 2010, to clearly identify the U.S. and its NATO allies as Moscow's enemy number one. That in itself is not disturbing: we reported as much yesterday and is merely more rhetorical posturing. Where things, however, get very problematic is that the general demands that Russia spell out the conditions under which the country would launch a preemptive nuclear strike against the 28-member military alliance.

 
Capitalist Exploits's picture

How Putin Just Saved Europe, and Other Geopolitical Tales





With Europe and the US on one side, and Russia and China on the other, the saying, "The enemy of my enemy is my friend" could best describe the current geopolitical situation

 
Tyler Durden's picture

Immigration For Republicans





This essay is not intended to address a crisis that may be occurring on the border at this time. We make no comment on that. Nor does it discuss the issues around war, such as how to deal with citizens of enemy nations. This essay is not a policy proposal, it does not set out, for example, when an immigrant can become a citizen and attain the vote or what to do to immigrants who commit crimes. It has but one purpose: to enumerate and respond to the common arguments used in favor of an impenetrable and guarded border fence to shut down immigration.

 
Tyler Durden's picture

Saxo Bank Warns There Are 3 'Other' Geopolitical Risks Investors Are Ignoring





From Ukraine to Gaza, geopolitical risks are weighing heavily on investors’ minds. But there are plenty more out there that may not be getting headlines.

 
Tyler Durden's picture

If Goods Don't Cross Borders, Armies Will





While the conflict in Ukraine rages on, EU member states havedecided to impose (not so much more stringent)economic sanctions against Russia, which was predictably followed by Russian counter-measures. The question which isn't being asked often enough, is whether these sanctions will actually improve the situation. Here's an analysis following four concrete questions:

1. Can things get even worse in Russia?
2. Is the West able to guide Russia and Ukraine down the right path?
3. Can the West contribute to a sharpening of the crisis?
4. How can the West protect itself against this conflict?

 
Tyler Durden's picture

Our Totalitarian Future - Part 2





Huxley’s Brave New World dystopian America had a good run from 1950 until 2000. Our keepers kept us fat, dumb, distracted, and in debt up to our eyeballs. Since 2000 Orwell’s 1984 dystopian Surveillance States of America seems to be taking shape, under the watchful eye of our very own Big Brother, the NSA. Fear, punishment, slogans (See Something Say Something) and appeals to non-thinking patriotism have replaced freedom, liberty, individual rights, the Constitution, personal responsibility for our own lives and questioning authority. Are you a believer? “One believes things because one has been conditioned to believe them.” – Aldous Huxley – Brave New World; Or a truth seeker? “You shall know the truth and the truth shall make you mad.” – Aldous Huxley

 
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