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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Uncle Sam's $8 Trillion Annual Debt Churn: Why Washington Is Pertrified Of Honest Interest Rates

But that does not count the huge amounts of U.S. Treasury securities that the federal government must redeem each year. When these debt instruments hit their maturity date, the U.S. government must pay them off....... In fiscal year 2013, redemptions of U.S. Treasury securities totaled $7,546,726,000,000 and new debt totaling $8,323,949,000,000 was issued.

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The Other Regime Change: How Hillary & Co. Smacked Washington's Japanese Vassal Into Line

The American-triggered regime change in Ukraine at the Western end of the Eurasian continent has been widely discussed. Less noticed, if at all, has been the American-triggered change of government in Japan four years ago as part of the so-called ‘pivot’ aimed at holding back China on the Eastern end. The two ought to be considered together, since they share a purpose known as ‘Full Spectrum Dominance’......

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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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Three Reasons Why The Stock Market Top Is In

Those who believe the stock market can continue rising despite the end of the Fed's "free money for financiers" programs are implicitly claiming that the pool of greater fools is still filled to the brim. Simply put, speculating with leveraged free money and extending credit to marginal borrowers is not sustainable or productive.......

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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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Euro Pols Peddling Greece Is Fixed Scam: Never Mind Debt At Peak 175% Of GDP And Unemployment Still 27%

To this it should be noted that de facto, the Greek government remains as bankrupt as ever. An official government insolvency was only avoided by a mixture of bail-out funding, letting private creditors eat some losses (while not imposing any losses on the ECB’s holdings of Greek government bonds at the same time), and creative accounting.

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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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