Archive For: December 2015

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The Next Big Short------Jeff Bezos' Brobdingnagian Bubble

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The Stock Market Is A Coiled Spring... Not!

2015's stock market range (from high to low) is among the narrowest since World War II. This 'compression' has led the horde of asset-gatherers and commission-takers to suggest that stocks are a "coiled spring" ready to burst higher from this newly-formed permanent plateau. However, as S&P Capital IQ's Sam Stoval notes, that is the exact opposite of what to expect based on history. In fact a narrow range year is typically followed by a low return year, not a high return year.

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Turkey Is One Step Away From Civil War

ISTANBUL — A major Turkish military operation to eradicate Kurdish militants in Turkey’s restive southeast has turned dozens of urban districts into bloody battlefields, displacing hundreds of thousands of civilians and shattering hopes of reviving peace as an old war reaches its deadliest level in two decades.

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Oil Market to End 2015 in Downbeat Mood; Hangover To Be Long, Painful

Oil prices rose on Thursday but were still headed for a second year of steep declines after a race to pump by Middle East crude producers and U.S. shale oil drillers created an unprecedented global glut that may take through 2016 to clear.

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Mom And Pop Are The Greater Fools----Take A Gander At The Chart Which Proves It

Earlier today, we noted that while the market was surging last week, the smart money was selling. This comes at the same time as ICI reported major redemptions from both stock ($3.9 billion) and bond ($4.5 billion) mutual funds, even as corporate buybacks were decelerating, leading to the question of just who was buying stocks during the Santa rally of the past two weeks.

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The Wheels On The Trucks Just Fell Off----Big Rig Orders Plunged 59% In November

Earlier this month, we profiled yet another casualty of slumping trade, falling commodity prices, and mediocre, double-adjusted economic “growth”: trucking.

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Why The Fannie And Freddie Scam Lives On Forever

Washington is a place where bad ideas go to live forever. How else to explain the latest innovation from federal regulators to keep Fannie Mae and Freddie Mac dominating the market for mortgage finance?

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No, We don't Need This Bloated Military

I got a couple emails that asked me, “Hey, don’t you think we NEED a military?! What are we going to do if we’re attacked?!” Very well. I’ll play. Pay attention, boys and girls. Get up and make coffee and settle in for a nice winter’s chat.

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The Inescapable Trap of the ‘Dollar Short’; Japan as China?

Before World War II, in Japan there were four large conglomerates situated as vertically-integrated family-centered monopolies. Called zaibatsu, they were Mitsui, Mitsubishi, Sumitomo, and Yasuda, and many other smaller rivals. Each group would not just own companies in all industries, they would also organize and contain an assimilated banking concern (horizontal integration) to carry out capital...

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The Deadly Truth About the Great Boom and This “Recovery”

A Yahoo Finance headline this morning reads: “Unhappy New Year: The U.S. Economy Is Stalling Out.” We recently learned that existing home sales in November crashed 10.5% from the month

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