• Pivotfarm
    04/18/2014 - 12:44
    Peering in from the outside or through the looking glass at what’s going down on the other side is always a distortion of reality. We sit here in the west looking at the development, the changes and...

Sam Zell

Tyler Durden's picture

Princeton Study Confirms 'US Is An Oligarchy'





"...policymaking is dominated by powerful business organizations and a small number of affluent Americans, then America’s claims to being a democratic society are seriously threatened...

...even when 80% of the population favored a particular public policy change, it was only instituted 43% of the time."

 


Tyler Durden's picture

Why The Standoff At The Bundy Ranch Is A Very Big Deal





Bundy ranchUPDATE: The BLM has ceased rounding up Bundy's cattle - because of safety concerns

If you haven’t been following the unfolding drama at the Bundy Ranch about 80 miles northeast of Las Vegas you need to start now. The escalating confrontation between irate local residents and federal agents of the Bureau of Land Management (BLM) has the potential to take a very dangerous turn for the worse at any moment, as hundreds of militia members from states across the country are expected to descend upon the area and make a stand with 67-year-old Nevada rancher Cliven Bundy. The kindling for social upheaval has been growing in America for quite some time. Disrespectful and ignorant statements from billionaire oligarchs only make it worse. The question in my mind has always been what will the catalyst be to spark the brushfire? Will it be the Bundy Ranch? We’ll have to wait and see.

 


Tyler Durden's picture

Where Does The Real Problem Reside? The 0.01% Vs. The 1%





Demonizing “the 1%” is mathematically incorrect; rather it is the oligarchs - which refers a small handful of people who benefit most disproportionately from Federal Reserve handouts, D.C. corruption, tax code loopholes and the destructive trend of financialization generally - that should be kept a close eye on. Thanks to The Atlantic, we now have two charts that show what we have been writing about for many years now. It is not the 1% that is the problem, it’s actually a much smaller slice within that group that is thieving and pillaging at will from the rest of American society.

 


Tyler Durden's picture

Luxury Brand CEO To The Poor "Stop Whining... Or Move To China"





Ironic perhaps on the heels of President Obama's minimum-wage-hike and our comparison of public and private wages, the following clip from CNBC of Nicole Miller’s CEO Bud Konheim is absolutely disgusting. Then again, this simply continues the recent trend of wealthy people coming on financial outlets and telling the poor how they are supposed to feel... equally disturbing are the results of the following poll...

 


Tyler Durden's picture

Frontrunning: February 12





  • Anti-Euro Party’s Le Pen Gains Supporters, French Poll Shows (BBG)
  • Carney Renews BOE Low-Rate Pledge to Fight Slack in Economy (BBG)
  • Bank of England hints at 2015 rate rise (Reuters)
  • ECB bond-buying intact and ready after court decision-Coeure (Reuters)
  • Canada scraps millionaire visa scheme, dumps 46,000 Chinese applications (SCMP)
  • Scrap this then? Vancouver facing an influx of 45,000 more rich Chinese (SCMP)
  • China's January Exports Power Higher, Up 10.6% (WSJ) ... and nobody believes the number
  • Emerging-Market Shakeout Putting Reserves Into Focus (BBG)
  • Wall Street's most eligible banker Fleming waits for suitor (Reuters)
  • Kazakh Devaluation Shows Currency War Stirring as Ruble Dips (BBG)
 


Tyler Durden's picture

Sam Zell: Tom Perkins Was Right, Top 1% "Pummeled" For Political Convenience





"Markets were over-priced coming into 2014," warns Sam Zell (noting that he does not believe in the Fed's wealth effect perspective on market-growth helping buying and selling decisions in the real economy), but while he sees a benign outlook for residential real estate, among his biggest concerns are "half-assed" Obamacare's "deleterious effect on the USA" and its "need to be radically changed." Supportive of Carl Icahn and his 'capitalist activism', Zell adds rather frankly that he believes Tom Perkins was correct about the "the 1%... for political convenience," and reminds Bloomberg TV's Betty Liu that "the politics of envy, the politics of class warfare are what has separated America from many parts of the rest of the world," until now.

 


Capitalist Exploits's picture

Mongolia - A Country That Actually Has a Future!





The first phase of the boom has already taken place, the pullback seems to have run its course and Phase II is set to deliver fortunes.

 


Capitalist Exploits's picture

Beware These Unseen “Friction” Costs!!





Brokers, placement agents, middle men, promoters, consultants, financial intermediaries…call them whatever you wish. They have existed in the financial space since man invented a way to exchange one thing of value for another.

 


Tyler Durden's picture

Sam Zell: "The Stock Market Feels Like The Housing Market Of 2006"





Sam Zell: "This is a very treacherous market," thanks to the giant tsunami of liquidity, "the problems of 2007 haven't been dealt with," and given the poor macro data and earnings, "we are suffering through another irrational exuberance," leaving the entire CNBC audience speechless when he concludes, "the stock market feels like the housing market of 2006." 

 


Tyler Durden's picture

Frontrunning: October 8





  • Italy rejects need for EU control (FT)
  • ‘Worst US quarterly earnings since 2009’ (FT)
  • Chinese firm helps Iran spy on citizens (Reuters)
  • World Bank cuts East Asia GDP outlook, flags China risks (Reuters)
  • Foxconn factory rolls on in spite of strike (China Daily)
  • Economic recovery ‘on the ropes’ (FT)
  • Japan Tries Cars That Make the Mini Look Maxi (Businessweek)
  • Euro Finance Chiefs to Give Positive Greece Statement, Rehn Says (Bloomberg)
  • Romney attacks drones policy (FT)
  • Euro zone mulls 20 billion euro separate budget (Reuters)
  • Hong Kong’s Leung Seeks Turnaround With Economy Focus (Bloomberg)
  • RBA Keeps Some Documents Private in Securency Bribe Probe (Bloomberg)
  • India Inflation to Remain at 7.5%-8% Till Early 2013 (WSJ)
 


Tyler Durden's picture

Sam Zell On "Class Warfare Crap", QE3 Unreality, And Why Everything Is Mispriced Due To The Fed





"QE-whatever has created artificial numbers that the underlying won't support" is how Sam Zell sums up his view of the Fed's actions, adding that the Dow should be more like 9000, not 14000. The typically optimistic bottom-feeding real-estate magnate says he is not buying here, is gravely concerned about liquidity needs, and in his assessment "everything is massively too expensive." This epic CNBC interview-fest, where the less-than-cheer-leading Zell was allowed to speak, includes his views on a pending recession (as he sees capex planned projects being delayed) and while trying not to play the political card too strongly, he asks that we "stop this class warfare crap" and that the animal spirits are unleashed - as the game is being stacked against him. "We're kicking the can down the road... and with QE, there is now too much capital chasing too few opportunities - even when nobody has confidence in the future!"

 


Reggie Middleton's picture

So, Exactly How Serious Is JP Morgan About This Clawback Business???





Not very, I presume. Until shareholders see real dollars flowing back to the extent that dividends can be materially boosted, keep hope alive...

 


ilene's picture

Rolling Back the Progressive Era





In this respect, the war being waged against Greece by the European Central Bank (ECB) may best be seen as a dress rehearsal not only for the rest of Europe, but for what financial lobbyists would like to bring about globally.

 


Reggie Middleton's picture

Reggie Middleton’s Real Estate Recap: As I Have Clearly Illustrated, It’s a Real Estate Depression!!!





I called it the coming RE Depression in 2007! I put MY money where my mouth was and sold off all of my investment real estate. I put YOUR money where my mouth was and shorted all that had to do with real estate (REITs, banks, builders, insurers). I called almost every major bank collapse months in advance. I warned the .gov bubble blowing does not = organic economic recovery. Now I'm saying we need to, and will, continue what's left of the crash of 2009, with ample global company. There will be no RE recovery this year, and there will be a crash. OK, you heard it here!

 


Reggie Middleton's picture

The “American Realist” Says: Past as Prologue – Re-blown Bubble to Pop Before the Previous Bubble Finishes Popping!!!!





Last night, I spent an interesting time with the esteemed and world reknown macro economist, entrepreneur, NYU professor and strategist, Dr. Nouriel Roubini. Nouriel is a very, very bright guy. He has to be, he agrees with many of my viewpoints :-) On a more serious note, this article is the first installment of the valuation of real world, real assets and properties that are actually up for sale. I plan to walk my readers through the potential absurdity that is investing in a bubble that has not finished popping.

 


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