Europe’s solution: Would you believe $1.4 TRILLION in free money for banks?

Remember at the “end” of the financial crisis when everyone from Timothy Geithner to Barack Obama to assorted members of British Parliament promised that “Never again” would anyone need to hand trillions of dollars to bail-out banks?   That was just a one time thing, right? We’re all past that now. Right? Wrong.  Well, at least not […]

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Central banks promise to be less clear

So much for the era of central bank clarity.  That went by quickly.  Today,  it looks like we will be returning to a Greenspan-like era of riddles, double-speak and meaningless gobbledygook.  Fed utterances will once again require “parsing” by “Fed experts” as central-bank chiefs return to “telegraphing” their intentions to a mystified media. The world’s major central banks […]

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Did Google’s Larry Page just solve a major economics problem? Umm. No.

Everyone’s wondering what we’re going to do about the coming unemployment crisis as technology and automation displace more and more workers.   It’s a serious problem and it’s one that’s approaching far faster than most people think. With current technological research, we are realistically looking at a frighteningly near-term future with driverless trucks, “lights out manufacturing”, […]

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IMF admits that central bank policies aren’t working

Speaking at the World Economic Forum, “our girl” (Tim Geithner’s term) Christine Lagarde announced to a largely unsurprised audience that stimulus measures weren’t actually doing much of … well, anything.   Using carefully crafted lingo intended to preserve the believability of now failed monetary policies, Lagarde spun it like this: The measures to sustain demand, despite the […]

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Is the market about to crash? Rolling returns say “yes”.

ZeroHedge is running this chart at the moment.  It’s a nice visualization and certainly food for thought.   For the record, we agree that it sure looks ugly.   Cumulative / consecutive returns show the market entering the historic “crash-zone” right about now.   It’s important to note however, that this visualization would have done little to predict […]

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What if we discussed food and healthcare inflation like we discuss housing?

“Economists  announced the positive news that both food and healthcare prices are up strongly today showing a promising growth trend since the beginning of the year.   The malaise in food prices is now seen as over, and positive growth is indicated for the next two quarters.   The rise in healthcare prices is particularly robust, as […]

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Did the “central banks’ central bank” just call for a stock-market collapse?

Don’t look now, but the Bank for International Settlements (BIS), which is often referred to as the “central banks’ central bank”, just advised the world’s central banks to stage a market collapse now rather than later. For anyone claiming that the many global critics of central banks are a “bunch of doomers”, that argument has now been […]

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There are no such thing as perpetual-motion devices, Mrs. Yellen

Up until the late 1600′s, before Newton penned his brilliant “first law”, many inventors tried to create what were called perpetual motion machines.   These machines, once set in motion, would literally run forever on a single push.  Or so the theory went.  Needless to say, no one managed to create a source of infinite energy from wood, […]

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Check out these humiliating CNBC stats

It’s no secret that CNBC is in deep trouble.   Viewers are abandoning the station in droves.   The always-bullish network, which made a name for itself by doling out faux-investment advice from overly made-up, former prom queens, has now released it’s latest viewership statistics.  The picture is grim. CNBC viewership has now fallen to numbers not seen […]

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