Archive For: March 2014

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That Was Quick! Wall Street's Fleet Of John Deere Lawnmowers Fleeing California Buy-To-Rent

It seems as if the pullback of private equity and hedge funds from this asset class is even more brutal in certain regions, with Blackstone now reporting its purchases in California down a staggering 90% this year.

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The Pain In Spain Brings 0.2% Gain That's Bogus Again

The official results are in. Spain missed its budget deficit target considerably by reasonable reporting, barely by another.Spain's Budget Deficit Only Two Tenths Lower in 2013 Despite Massive Tax IncreaseVia translation from Libre Mercado please consi...

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China Accelerates Bad Debt Writeoffs: The Ponzi Fractures Widen

Financial stress related to Ponzi financing and other bad debts in China is readily visible in numerous places. One result is China’s Big Banks Double Bad-Loan Write-Offs.

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Peak Margin Debt Too: This Time Is Still Higher

Margin debt is a crummy predictor of a crash. But it has a bone-chilling habit of peaking right around the time stocks do crash. In the last fifteen years, it spiked three times: during the final throes of the bubbles that imploded in 2000 and 2007; an...

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Here Come The Pitchforks In China: The Comrades Start Busting The Kleptocrats

Unlike in the West, being a kleptocratic crook in China is now becoming a higher risk proposition. One gets the sense that as the credit monster collapses in China, and as auntie’s wealth management product is shown to be a loss, out will come the pitch forks. Seizures, arrests and even executions will become the […]

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Damp The Fire In Kerry's Resplendent Hair: The Crisis Is Over Here!

   Apparently someone at the US State Department put out the fire in John Kerry’s magnificent head of hair, because he has stopped declaiming (for now) on the urgent need to start World War Three over Russia’s annexation of the Crimean …

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China's Monumental Ponzi: Here's How It Unravels

China is the greatest construction boom and credit bubble in recorded history. An entire nation of 1.3 billion has gone mad building, borrowing, speculating, scheming, cheating, lying and stealing. The source of this demented outbreak is not a flaw in Chinese culture or character---nor even the kind of raw greed and gluttony that afflicts all peoples in the late stages of a financial bubble.

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The Warfare State's Big Lie About "Gutting" Defense: It's Still Massively Bloated

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Turbo Tim's Stress Test: Always A Ruse for TBTF

It wasn’t all that long ago that bank stress tests were designed specifically to ensure 100% passing rates. The purpose of the exercise has nothing to do with bank safety or even oversight, it is a mode of pure psychology (bordering on propaganda). The first introduction back in 2009 was effectively that – to calm [...]

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Crony Capitalism Is Hiding In Plain Sight: Even The NYT's Nicholas Kristof Found It

Ironically, the biggest welfare queens in America are the oligarchs and multinational corporations themselves, yet many of them constantly like to blame growing inequality on the supposed character deficiencies of the lower classes.

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