The Latest

Q4 Household Debt Report——What Deleveraging?

Actual analysis, connecting the dots, describing how the massive issuance of student loan and auto loan debt has produced a fake economic recovery, and how the accelerating default rates in auto loans and student loans will produce the next subprime debt implosion, were nowhere to be seen on CNBC, Bloomberg, the WSJ, or any other status quo propaganda media outlet. Their job is not to analyze or seek truth. Their job is to keep their government patrons and Wall Street advertisers happy, while keeping the masses sedated, misinformed, and pliable…..

Contra Club

Q4 Household Debt Report——What Deleveraging?

Actual analysis, connecting the dots, describing how the massive issuance of student loan and auto loan debt has produced a fake economic recovery, and how the accelerating default rates in auto loans and student loans will produce the next subprime debt implosion, were nowhere to be seen on CNBC, Bloomberg, the WSJ, or any other status quo propaganda media outlet. Their job is not to analyze or seek truth. Their job is to keep their government patrons and Wall Street advertisers happy, while keeping the masses sedated, misinformed, and pliable…..

Why The Smart Money Is Nervous——-And Selling Out To Dumber Hands

In this weeks’ podcast, Grant and Chris discuss the growing anxiety they see among experienced investors. More and more, those who have made long, successful careers in money management are realizing that the system has morphed into a strange beast they no longer recognize, nor trust. Fear of epic, perhaps historic, dislocations in price when the current market reverses is causing more and more of the “smart money” to sell out now and seek safe harbor……

Wall Street Hack Dick Bove Bloviates, No 30-Yr. Fixed MortgagesW/O Freddie/Fannnie—–So What!

Dick  Bove appeared on CNBC and warned that a mortgage meltdown is brewing. He has a related interview as well. The Treasury Department is looking to wind down Fannie Mae and Freddie Mac, but without these organizations, there would be few buyers for 30-year fixed rate mortgages, bank analyst Dick Bove told CNBC on Tuesday. Banks […]

Inside The GDP Update: Still No Traction

I think the ongoing destruction in the Japanese Household sector demonstrates very well a specific shortcoming about economic statistics like GDP. The basic calculation of the particular measure that forms the headlines of almost all commentary is a comparison of the current quarter to the previous one. That right away opens the door to incongruities…

Clinton Foundation Took Millions From Countries That Also Fund ISIS—–Your Bad, Hillary

The Washington Post reported last week that foreign sources, including governments, made up a third of those who have given the foundation more than $1 million over time. The Post found that the foundation, begun by former president Bill Clinton, has raised nearly $2 billion since its creation in 2001. Foreign governments and individuals are prohibited from giving […]

Contra News & Views

IMF/EU At Work: Sinking Ukraine In Massive, Unrepayable Debts

Here’s a kicker. With all this ‘help’ Ukrainian debt/GDP ratio is racing beyond sustainability bounds. Under pre-February ‘deal’ scenario, IMF expected Ukrainian debt to peak at USD109 billion in 2017. Now, with the new ‘deal’ we are looking at debt (assuming no write down in a major restructuring) reaching for USD149 billion through 2018 and continuing to head North from there.