Archive For: September 2014

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RX For Revisionist Bunkum: A Lehman Bailout Wouldn't Have Saved The Economy

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When Junk Bonds Falter, Leveraged Stocks Swoon: The Rout At General Cable

It’s happening right now, smacking down one company at a time.

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The Hong Kong Warm-Up: China Land Sales Down 50% Y/Y

Bloomberg adds that land sales in 300 cites followed by Soufun fell almost 50% Y/Y to 415.9 billion yuan in 3Q, while residential land sales declined more than 50% to 265.3b yuan in 3Q....And once a few hundred million Chinese wake up and realize that the "wealth effect" portrayed by the blue bar above has been obliterated, the riots currently taking place in Hong Kong will be a gentle warm up for what the People's Liberation (sic) Army will be about to face.

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The Neocon Plan To Double-Down And Bomb Assad Too: Call It Libya 2.0

Though that self-serving neocon narrative has become conventional wisdom in Official Washington, the more likely scenario would have been that the violent overthrow of the secular Assad regime would have led to the formation of a radical Sunni state in the heart of the Middle East.....

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Good Work Fed: US Now More Unequal Than Roaring Twenties And Ancient Rome (Slaves Included!)

As we previously noted, only the highest income earners have seen any gains in compensation since the crisis began around 2007 to the current 'recovery' tops. It is perhaps not entirely surprising then that, the total income controlled by the Top 1% is drastically above that of the slave-included times of Ancient Rome and as high as the peak in the roaring 20s.

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The Goldman Tapes And Why The Delusion Of Macro-Prudential Regulation Means The Next Crash Is Nigh

Not 10,000 Carmen Segarra's could stop the boom and bust cycle thus manufactured by the money printers ensconced in the Eccles Building. Stanley Fischer's financial stability committee, therefore, is not merely a pointless farce. Its evidence that the next financial crash is nigh.

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"Yo" – This Market is Set For a Major Correction

But Alibaba is not even the best example of this current Fed-induced social media frenzy. The paragon of “irrational exuberance” would have to be the social media app called YO. What is the intellectual property behind this life-changing technology you ask? Brace yourselves; it just sends friends the thought provoking message “Yo"........

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Obama's Khorasan Lie: Worse Than Bush's WMDs

In short: lying works, and so administration officials simply invented a new enemy, one more fearsome – and, simultaneously, more familiar – to Americans than ISIS. They dubbed it "Khorasan," which, as far as anyone knows, is a former province of Iran, now divided into three separate provinces also named Khorasan. We are told their ostensible leader – whom we have just now supposedly killed in air strikes – was once head of "Al Qaeda in Iran," a shadowy group that has never pulled off a single action or engaged in any propagandistic activities, and for all we know never really existed at all......

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What Deleveraging? Next Global Crisis Rooted In "Poisonous Combination" Of Record Debt/Slow Growth

A “poisonous combination” of record debt and slowing growth suggest the global economy could be heading for another crisis, a hard-hitting report will warn on Monday.....

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Contra Side Alert: Small Investors the Most Optimistic Since 2007

There are many parallels to the zany days of the dotcom bubble, but this time, it’s different: it has a darker hue......

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