Archive For: January 2016

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Not Leaving Las Vegas------Housing Bubble 2.0 Popping Again

1)  Vegas end-user, fundamental, shelter, single-family housing demand has been weak for some time (sales at 7-year lows in January). But, “something happened” notably in the speculative “condo” market over the past few months. This is a huge red flag, as Vegas is a leading indicating market with respect to speculative demand and has the

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The Gigantic Chinese Banking System Is Rotten To The Core

And that, in under 60 words, explains why China finds itself in a no way out situation, and why despite all its recurring posturing, all its promises for reform, all its bluster for deleveraging, China's ruling elite will never be able to achieve an internal devaluation, and why despite its recurring threats to crush, gut and destroy all the evil Yuan shorts, ultimately it will have no choice but to pursue an external devaluation of its economy by way of devaluing its currency presumably some time before its foreign reserves run out (which at a $185 billion a month burn rate may not last for even one year).

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Forget The BOJ------Its Still A "Sell The Rally" Market

EDITOR’S NOTE: If you like the newsletter, please feel free to forward it to anyone you think might find it helpful. Make sure you are following me on social media for...

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Bubble Finance Update: Mind The Short Squeezes But Its Risk-Off From Here

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Washington Jingoism Gone Wild------The 2 US Navy Boats Were The Provocateur, Not Iran

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The Q4 GDP Report------Yellen’s Cronkite Moment

Fourth quarter GDP was estimate at just +0.68906% Q/Q in its advance statement. There is no more “residual seasonality” left with which to obfuscate the deficiency in 2015; the year ended as it had begun, under great suspicion. Unlike most economic context given as commentary, that actually makes sense as both markets and other more...

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Apple, FANGS And Monetary Fools

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Revile The GOP Establishment, Yes; Support Trump, No

No one should need National Review‘s advice to steer clear of Donald Trump. For one thing, the messenger is a curious one indeed. Although Trump doesn’t talk like a neoconservative Wilsonian, he has not cleanly separated himself from that faction either. Yes, he courageously recommended against invading Iraq – a year after the invasion took […]

The post Trump and the Conservative Establishment Deserve Each Other appeared first on Antiwar.com Original.

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That Didn’t Take Long-----Fed Heading For Even Deeper Monetary Depravity

It wasn’t in any way magnanimous for the FOMC to state clearly what everyone already knew without any need for aid of GDP calculations. The policy statement for its January 2016 meeting included language that mitigated, if not fully than significantly, the continued reliance on labor indications alone. The Fed says the labor market continues...

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The Bank of Japan's Lunacy-------Ringing in the Endgame?

  Let’s Do More of What Doesn’t Work It is the Keynesian mantra: the fact that the policies recommended by Keynesians and monetarists, i.e., deficit spending and money printing, routinely fail to bring about the desired results is not seen as proof that they simply don’t work. It is regarded as evidence that there hasn’t […]

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