Archive For: October 2014

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Japan's Inflation Is 3.2%----Yet Madman Kuroda Crushes Consumer Purchasing Power With Collapsing Yen

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QE Is Clearly Destroying Japan, So BoJ Panics Into More

The precursor event of every hyperinflationary episode is not as conventional wisdom currently holds. Certainly there are conditions that are present in each and every one, including desperate fiscal imbalances that ultimately become expressed in growing monetarism, but the true cause that turns those troubling circumstances to total and complete wipeout and disaster is tunnel...

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The Washington/Wall Street "Recovery" Narrative Is An Endless Tissue Of Lies

If GDP had been deflated over the years with CPI...... that measly 2.3% growth of per-capita GDP since 2007, as crummy as it may appear, would likely be negative. And that explains why so many people – struggling with soaring rents, medical expenses, college costs, etc. – find that their slice of the economic pie has been shrinking since the financial crisis.

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Keynesian Yen Trashers At Work: Abenomics Triggers Soaring Bankruptcies In Japan

Due to the depreciation of the JPY, leading to soaring raw material costs (crushing SME profitability), TSR reports that Japanese bankruptcies year-to-date in 2014 are up a stunning 140% having unerringly surged since Abenomics was unleashed......

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The Fed Is Officially Lost: It's Braying About How It Is Improving The Economy Is Just Spin

It’s all a message, a spin, a story that they want people, including you, to believe. It’s a certain version, a particular interpretation, of what goes on, but that says nothing about the level of thruthiness in that message.

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Putin's Message To Washington's Kiddie Corps: Grow-up-----Play Time Is Over!

Regardless of what you think or don't think of Putin (like the sun and the moon, he does not exist for you to cultivate an opinion) this is probably the most important political speech since Churchill's “Iron Curtain” speech of March 5, 1946.

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The WSJ's Pathetic Sunnyside Journalism----Retracts Its Own GDP Narrative

Early this morning my good friend Fred Everett emailed me the Wall Street Journal’s take on GDP. They were, as you might expect, quite optimistic about what 3.5% implied toward future acceleration finally out of this seven-year depression: The U.S. economy expanded steadily again during the third quarter, a sign of sustained growth fueled by...

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How Long Can the Top 10% Households Prop Up the "Recovery"?

The question of "recovery" really boils down to this: how much longer can the top 10% prop up the expansion?A flurry of recent media stories have addressed housing unaffordability, for example Why Middle-Class Americans Can't Afford to Live in Lib...

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Mind The Steep Shale Well Decline Rates: The Delusion Of Permanently Higher US Oil Production

The report found that both shale oil and shale gas production will peak before 2020. More importantly, the report’s author, David Hughes, says oil production will decline much more quickly than the EIA has predicted.

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Earnings Cheating Season: Is Your Favorite Company Cooking the Books?

We have long believed that the US reporting season should in fact be called the US cheating season as companies game the market to ramp earnings down ahead of company announcements only to beat analysts estimates by 1¢ on the day!

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