Archive For: December 2014

Page 1 of 1512345...10...Last »

Another War Party Proganda Scam: The Sony Hack Fraud

The progression of the government’s case indicting North Korea for hacking Sony’s computer system – and revealing the petty ego-trips of Hollywood’s glitterrati – was succinctly summed up by computer security expert Jeffrey Carr in a pithy tweet: "NK did it 100% OK, NK did it w/ help OK, NK outsourced it OK, NK was […]

Read More

Occam’s Oil Razor: Oil Is Falling Hard Because World Demand Is Falling Hard

As my colleague Joe Calhoun continually reminds us, everything that happens has happened before. The ongoing “struggle” to define what is driving crude oil prices lower is perhaps another instance of a past “cycle” being reborn. With oil prices now heading much closer to the $40’s than the $60’s, consistent commentary is increasingly swept aside....

Read More

Go Figure: Commodity Index Drops Below 'Financial Crisis' Low, But Stocks Are Cheap Owing To Endless Growth Ahead?

With the S&P 500 having now tripled-and-then-some off the March 2009 lows, we thought it noteworthy to note that today, Bloomberg's Commodity Index dropped below those financial crisis lows for the first time.

Read More

Imperial Washington During 2014: The Good, the Bad, and the Ugly

Potentially even more destabilizing is the advent of a new cold war with Russia: our regime change campaign in Ukraine, which succeeded in overthrowing the democratically elected government, has resulted in a full-scale civil war in which thousands have been killed. Air strikes on civilian population centers by the "pro-Western" Kiev regime are routine, while the Western media – so quick to focus on the suffering of the Yazidis, the Darfurians, etc. – turns a blind eye.

Read More

The Real Meaning of the 1914 Christmas Truce----Most People Do Not Wish To Kill For The State

The encouraging message we should take from the Christmas Truce of 100 years ago is that given the opportunity, most humans do not wish to kill each other. As Nazi leader Hermann Goring said during the Nuremberg war crimes trials, “naturally, the common people don’t want war; neither in Russia nor in England nor in America, nor for that matter in Germany.” But, as he added, “the people can always be brought to the bidding of the leaders. That is easy. All you have to do is tell them they are being attacked and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same way in any country.”

Read More

Central Bankers At Work: Money Dies In Japan, Markets Chaotic In Europe

The global credit markets are unified in their total revulsion of current conditions, a proper reflection of monetarism as a theory and how its distortions create the circumstances for nothing but continued and worsening function thereafter. The preponderance of screwed up finance and curves tells you everything you need to know about “unexpected” economic retrenching. Unfortunately, there is proportionality here as well, since the more screwed up these financial indications become the more we can expect the same about the economy.

Read More

Waste is Waste: Hosting The Olympics Proves It, But Keynesians Still Don't Get It

Every once in a while it is heartening to think that world’s people may finally be awakening from their economic anesthesia and experiencing rightful revulsion about what has occurred. We are told that the global economy fell on its own into a pit of despair in 2008 and has been unable to escape it all...

Read More

It’s Official: Washington Fueled Home Price Inflation Strangles US Housing Market

Fed's handiwork meets bitter reality.....All year, we’ve been guessing that this was happening because people couldn’t afford the prices anymore or refused to pay them, and we’ve lined up data points and anecdotal evidence, and we’ve theorized about it. But now we heard it from the horse’s mouth: from homebuyers.

Read More

Snap Elections in Greece; 3-Year Bond Yield Tops 12%; Potential Cascade! Who Has the Upper Hand?

Yet, German finance minister Wolfgang Schäuble insists "new elections will not change any of the agreements made with the Greek government.".......Either Germany changes its tune, or Greece may default on €245 billion. The following table shows what may happen.

Read More

Global Cooling Is Breaking A BRIC: Brazil's Twin Deficits Are Rapidly Imploding

In fact, the twin fiscal and current account deficits are now tracking at a combined, very troublesome 9.9% of GDP, the worst picture in 15 years (since September 1999). Repairing the severely unbalanced macro picture demands a deep fiscal and quasi-fiscal adjustment and a significantly weaker BRL.......

Read More

Page 1 of 1512345...10...Last »

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.