Archive For: March 2014

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Stockman Joins Dr. J. and The Chief on Stocks and Jocks - Listen!

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Jeremy Grantham Calls Out The Fed's Bubble Again: 1999, 2007, 2014

....over the next seven years, we think the market will have negative returns. The next bust will be unlike any other, because the Fed and other centrals banks around the world have taken on all this leverage that was out there and put it on their balance sheets. We have never had this before.

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Abenomics Slams Home Economy: Japan Inc Heads For Cheaper Off-Shore Labor

Japanese corporations no longer even try to invest in Japan, but they’re falling all over each other grabbing the Bank of Japan’s freshly printed dough to invest it overseas.

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The Washington/Wall Street Big Lie: Counterfeit GDP Growth, Phony Cost-Of-Living Stats

Americans want to be lied to because it allows them to continue living lives of delusion, where spending more than you make, consuming rather than saving, and believing stock market speculation and home price appreciation will make them rich are viable life strategies.

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Another China Crack: Ultra-Luxury Hong Kong Real Estate Being Dumped For Cash

Nowhere is this more evident than in Hong Kong's ultra-luxury housing market. First, since the Hong Kong dollar has long been pegged to the USD, the monetary authority has had to massively expand its liabilities in response to the Fed's money printing spree since late 2008. Accordingly, the Hong Kong dollar interest rate has been pinned to the floorboard for five straight years, fueling a massive speculation in real estate that has taken the price of luxury properties to manic levels.

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Enough Jingoism: The Black Sea Was Always Russia's Bathtub!

The annexation of Crimea changes nothing materially about the disposition of Russian military force in the region....the Black Sea is Russia’s bathtub and has been as long as anyone can remember. Was the brass at the US State Department shocked to discover this two weeks ago?

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Wall Street's Calling The Sheep To Slaughter: Smart Money Getting Out of Dodge

So, if you are still buying stocks in this rather frothy market are you the sucker? Well, if you found yourself sitting around playing poker with Steve Schwarzman (Blackstone), Leon Black (Apollo Group), 3 multi-billion dollar fund managers, John Doerr (Kleiner Perkins) and Warren Buffet would you think the patsy was one of them? Something to keep in mind the next time you push that buy button: Who is selling me this stock?

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Stockman On Bloomberg With Tom Keene: Fed's Painted Itself Into Corner; Kabuki Dance of Tapering, Forward Guidance, Changing "Dashboards" Is Clueless and Dangerous

Bloomberg's Tom Keene and Michael McKee interviewed David Stockman on March 24, 2014. Listen!

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China Output At 18-Month Low: Epi-Center of Global Credit Bubble Cracking

In the face of an explosion of credit, still growing imbalances, malinvestments, property and other bubbles, it is a mystery why anyone expects China to make efforts to "stabilize growth".

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Aim of the Neo-Cons' Ukrainian Diversion: Sabotage Talks With Iran and Syria

The last thing a bankrupting America needs is another war in the Middle East. Yet the neo-con War Party is determined to have it, and the insane confrontation they have provoked with Putin over the Ukraine has now made that pernicious objective all the more possible. After all, how can the current fitful peace talks aimed at cooling the inferno in Syria and dampening the long-festering conflict over Iran's nuclear program make any traction at all without Vladimir Putin? They can't, and that's why the War Party is stirring tensions, to paraphrase Churchill, from Stettin in the Baltic to Sevastopol on the Black Sea.

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