TARP

Tyler Durden's picture

Watch Mitt Romney Accuse Donald Trump Of Being "A Phony And A Fraud" - Live Webcast





In a few moments Mitt Romney will unleash fire and brimstone on the frontrunning republican candidate, accusing Donald Trump of being "a phony and a fraud", in the clearest indication yet of just how panicked the establishment is. Watch the speech live below, while keeping an eye on Trump's own twitter comments annotating Romney's speech with what is certain to be very colorful language.

 
Tyler Durden's picture

"Debt Is The Cause, Not The Cure"





The massive indulgence in debt, what the Austrians refer to as a “credit induced boom”, has now reached its inevitable conclusion. This is one of the primary reasons why economic growth will continue to run at lower levels going into the future. We will witness an economy plagued by more frequent recessionary spats, lower equity market returns and a stagflationary environment as wages remain suppressed while costs of living rise. Correlation or causation? You decide.

 

 
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Fed's Kashkari Says "We Won't See Next Crisis Coming", Compares Banks To Risky Nuclear Reactors





"Unfortunately, I am far more skeptical that these tools will be useful to policymakers in the second scenario of a stressed economic environment. Given the massive externalities on Main Street of large bank failures in terms of lost jobs, lost income and lost wealth, no rational policymaker would risk restructuring large firms and forcing losses on creditors and counterparties using the new tools in a risky environment, let alone in a crisis environment like we experienced in 2008. They will be forced to bail out failing institutions—as we were."

 
Tyler Durden's picture

Deutsche Bank: "Markets Are Crying Out For A Circuit Breaker", But There Is A Problem





DB's Jim Reid today writes that "Markets are crying out for a circuit breaker at the moment."  There is just one problem: nobody knows what this circuit breaks would and should be, or if it would even work.

 
Tyler Durden's picture

Charlie Munger On Trump As President: "Anyone Who Makes Money Running A Casino Isn't Morally Qualified"





Earlier today Munger, the vice chairman at Berkshire Hathaway Inc., dismissed Republican Donald Trump’s qualifications to be president, during the annual meeting of his Daily Journal Corp. As reported by Bloomberg, Munger, 92, responded to a question whether a person who couldn’t make money in the gaming industry would be a good fit for the top office in the U.S. “Well, he did make money for quite a while,” Munger said. “My attitude is that anybody who makes money running a casino is not morally qualified.

 
Tyler Durden's picture

Former Fed President Demands Negative Rates To Combat "Terrible" Fiscal Policy





These are trying times. Fortunately, Narayana Kocherlakota is a "courageous" man with "daring" solutions.

 
Tyler Durden's picture

"Timmy" Geithner Gets Loan From Jamie Dimon For PE Investment





“You are in a position to make 20 percent to 30 percent on your position in the fund. Why wouldn’t you buy in at Libor-plus to leverage that up?”

 
Tyler Durden's picture

Proving Wall Street Strategists Are "Full Of Bull"





How overoptimistic are Wall Street forecasts year in and year out? On average, forecasts were wildly bullish, even with the gains in recent years with results no better than a coin toss as to whether the S&P came in above or below the average forecast. Nonetheless, every year had one thing in common: Not once did a consensus predict a down year.

 
Tyler Durden's picture

Fourth Turning - Politicians Driving The World Towards War





Americans today are blissfully distracted by their iGadgets, plotting out their holiday shopping strategies, leasing new cars, eating out, and buying advance tickets to the new Star Wars movie. They don’t see the wicked winter squalls ahead which will try their souls. We are experiencing the lull before the storms, but the storms are surely coming. The potential for catastrophe is high and burying our heads in the sand is not a strategy.

 
EconMatters's picture

Federal Reserve





The Federal Reserve has been telegraphing to markets that they are going to raise the fed funds rate by 25 basis points next month at its December Fed Meeting.

 
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