Archive For: September 2015

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Becoming China: Ghost 'Man-Camps' In North Dakota

Nothing highlighted a malinvestment-driven "if we build it they will come" boom (and subsequence complete bust) better than China's so-called "ghost cities." But now, thanks to The Fed's "lower for longer" enabling of every and any zombie company in the world, many previous oil-boomtowns across Texas and North Dakota are facing a real-estate crisis. As Bloomberg reports, the former bustling "man-camps" of towns like Williston, ND are now desolate with hundreds of skeletons or wood & cement as predictions that fracking would sustain production and a robust tax base for decades have failed completely.

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We Have Come To Bury Debt, Not To Praise It

The Fed’s balance sheet went through the normal mid month fluctuations last week as MBS are paid down early in the month and then are replenished at mid month. There has been essentially no change in the total size of the balance sheet since QE officially ended a year ago. And there will be no material change going forward until the Fed either decides to start shedding assets (not gonna do it) or until it restarts QE (somewhat more probable than shrinking the balance sheet).

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Meet Brazil's JBS-------The Giant Hedge Fund Which Sells Beef

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US Manufacturing-----Heading Toward R-Land

The last few pieces of data for Q3 more than suggest the US economy faltered in August/September. That trend would be alarming on its own had it occurred in a financial vacuum (as if ceteris paribus actually existed), but following along against the “dollar” is especially so. There was the initial, large decline in early...

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World Set For Emerging Market Mass Default------Even The IMF Sees It

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Jim Chanos: China's Emperor Down To His Underwear

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Obama's Preposterous 'Barrel Bomb' Hypocrisy

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Dear Bill Dudley, Why Are You Lying.......Again?

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The Bully Boys At General Electric Throw A Tantrum - Demand Reinstatement Of Their Ex-Im Loot

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So Much For The US Export Boom-------Shipments Heading Down For 2015

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