Archive For: May 2015

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How ISIS Got Weaponized-----Iraqi "Army" Abandoned $1 billion Worth Of Humvees In Mosul

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The P2P Lending Boom------America's Next Ponzi

If you needed proof of the above, we bring you the following mailer from the industry’s number-one player, LendingClub, which is now advertising the P2P-credit card refi opportunity to “pre-approved” borrowers who can get up to $35,000 with "no collateral required":

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What's Pumping The Stock Bubble------$4.2 Trillion In Corporate Bond Issuance In Last 3 Years

In its 84th Annual Report released last June, the Bank for International Settlements departed from usual central bankish conventions and decried the growing departure from market discipline and even reality. The BIS even used the loaded term “euphoric” to describe what it saw as risk market prices no longer affected by fundamental economic conditions. As...

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Washington's Disgraced Georgian Sock Puppet Seconded To Kiev Gauleiters

Petro Poroshenko’s decision to appoint Georgia’s disgraced former President as Governor of the Odessa region just might be his most bizarre move yet. Mikhail Saakashvili is a wanted criminal suspect in his homeland.

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Elon Musk------$4.9 Billion Crony Capitalist Mooch

Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times. The figure underscores a common theme running through his emerging empire: a public-private financing model underpinning long-shot start-ups......"He definitely goes where there is government money," said Dan Dolev, an analyst at Jefferies Equity Research.

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Inside Q1's Punk GDP Numbers-----Why Bubble Vision Doesn't Get It

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France's Potemkin Economy------Fake Companies, Fake Jobs, Fake Propserity

This was a sentiment any boss would like to hear, but in this case the entire business is fake. So are Candelia’s customers and suppliers, from the companies ordering the furniture to the trucking operators that make deliveries. Even the bank where Candelia gets its loans is not real......

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The Delusional World Of Imperial Washington

Nonetheless, despite a range of setbacks, no one in Washington’s power elite -- Senators Rand Paul and Bernie Sanders being the exceptions that prove the rule -- seems to have the slightest urge to abandon the role of sole superpower or even to back off it in any significant way. President Obama, who is clearly all too aware of the country’s strategic limitations, has been typical in his unwillingness to retreat from such a supremacist vision. “The United States is and remains the one indispensable nation,” he told graduating cadets at West Point in May 2014. “That has been true for the century past and it will be true for the century to come.”

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The Washington War Party's At It Again----Tilting At Sand Castles In The South China Sea

So what’s this really all about? Why does Washington care so much about a couple hundred yards of sand piled up on reefs reefs in the South China Sea? What danger does that pose to US national security? And, haven’t Vietnam, Taiwan and the Philippines all engaged in similar “land reclamation” activities without raising hackles in DC?

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NYSE Margin Debt Hits New Record High

The latest debt level is up 6.5% month-over-month and at a record high. Real (inflation-adjusted) debt rose 6.24% month-over-month and also at a record high.

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