Archive For: March 2014

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Bubble Finance At Work: 4-Years of Full Blast QE, No Change In Trend of Unemployment Claims

Rampant speculation triggered by an inexhaustible supply of guaranteed free money for wild eyed leveraged speculators (but not for Ma and Pa Saver) has no impact on creating real jobs or real wealth. It only creates massive speculative bubbles.

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Paul "Contrafactual" Krugman: The Laureate of Keynesian Babble

If you are not Professor Paul Krugman you probably agree that Washington has left no stone unturned on the Keynesian stimulus front since the crisis of September 2008. The Fed's balance sheet started that month at $900 billion--a figure it had accumulated mostly in dribs and drabs over the course of its first 94 years. Bubbles Ben then generated the next $900 billion in 7 weeks of mad money printing designed to keep the tottering gambling halls of Wall Street afloat.

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Stop Welfare At The Top: Fortune 100 Got $1.2 Trillion of Crony Capitalist Subsidies

If Republicans are going to get truly serious about cutting government spending, they are going to have to snip the umbilical cord from the Treasury to corporate America. You can’t reform welfare programs for the poor until you’ve gotten Daddy Warbucks off the dole. Voters will insist on that — as well they should.

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On Obama's Craven Obeisance To The War Party: Its Time To Man-Up Like Ike and JFK

When it comes to national security policy there is only one-way to describe the 2008 candidate of change you can believe in. Having achieved the first clear mandate for peace from the American people in 50 years, Barrack Obama promptly learned the Washington "pivot"---- beating his plowshares into an even mightier sword than the grizzly one he inherited form the "decider

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Humble Berkeley Sociologists Expose Mighty Fed Economists: Here's Why They're Bubble Blind

To say this again: If not for the Federal Reserve's ZIRP policy, there would have been no financial crisis in 2007 and 2008. Fannie and Freddie would never have grown beyond their Lilliputian mandates; Angelo Mozilo would be managing a tanning salon; and Bernie Madoff could not have levitated predictably increasing returns without the Federal Reserve's constantly rising cushion of credit absorption

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The 30-Year US/Iran Nuke Standoff: We Started It In The Reagan Days

Gareth Porter, an intrepid journalist and historian associated with Inter Press Service has now produced a book that decimates the official narrative, and places the true facts and history into a single, comprehensive and accessible volume, Manufactured Crisis: The Untold Story of the Iran Nuclear Scare. It is a Must Read.

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Nothing Screams Bubble Like PIK Bonds, Cov Lite, Levered Recaps & Soaring Small Caps: Insiders Having Final Feed

In fact, nothing screams bubble more particularly than when the riskiest asset classes are fully and totally insulated from everything else – a cone of rationalization that serves to cleave any fundamental pressure from consideration of value and context.

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Let Them Eat iPads: 14-Years Of Data Debunk Fed's Inflation Shortfall Canard

Hitting the wholly arbitrary 2% inflation target is sacred doctrine inside the Eccles Cathedral, and Yellen takes her scriptures, along with her money printing, every bit as literally as the legendary William Jennings Bryan. Indeed, failing the inflation target "from below" amounts to a Cardinal Sin.

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That Was Quick! Rates Up; Speculators Leaving; Home Sales Rolling-Over

Not much new commentary is needed with the new home sales data from the Census Bureau since analysis of the NAR home sale data last week also applies in full part here. It does bear repeating, however, that the turn in housing is obvious and coincides with the dawn of 2013. No doubt the rapid [...]

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What Inflation Shortfall?

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