Archive For: November 2014

Page 12 of 12« First...89101112

Trouble Brewing In Auto Land: GM's Dealer Inventories Soar To 94 Days

Indeed, as GM reported, in October, total units at dealer lots, rose to 792,489, or a whopping 94 days supply, up from 753, 928 (81 days) in September, and up a whopping 8.9% from the 728K in October of last year, when, again, sales were only 0.2% lower. This was the biggest one month jump in "dealer stuffed" vehicles since November of 2013......

Read More

Holy Smokes! BOJ Proves Money Printing Is The Grift That Keeps On Giving

All this goes on, by the way, because an essential problem remains: the world cannot pay back its accumulated debt and the money maestros of world finance don’t dare even try to unwind it in an orderly manner, fearing they will open up an international monetary sucking chest wound of deflationary doom......

Read More

Merkel To Cameron: Maintain Open Door On Immigration Or Take The EU Exit

Aunt Merkel threw down the gauntlet. If Cameron insists on quotas to restrict the free movement of people from Member States and limit the number of these folks who want to live and work in the UK, in clear violation of a core principle, well then, according to unnamed sources of the Spiegel, Merkel would end her efforts to keep Britain in the EU and would accept an exit....

Read More

The BOJ Resorts To "Monetary Shamanism"......Financial Calamity Now Guaranteed

Impeccable timing: on Halloween, which is increasingly popular with adults in Japan.

Read More

QE Added $9 Trillion In "Equity Wealth" Or 32% Of The Current S&P500 Level, JPMorgan Finds

Another way of showing this finding is with the Household Net Worth chart from the Fed's quarterly Flow of Funds report. In it we find that of the $13.6 trillion increase in household net worth from the last bubble peak in 2007, when households had an aggregative wealth of about $68 trillion (mostly in financial assets), through the most recent, Q2 $81.5 trillion, $11.5 trillion is due to the Fed.

Read More

Kocherlakota Personifies Central Banker Delusions----More Inflation Does Not Create Jobs And Real Wealth

I observed a long time ago that the primary prerequisite for being a central banker was to be delusional, to believe in conomic myth, as opposed to observing and accepting reality. Naranya Kocherlakota of the Minneapolis Fed is a perfect example. He told the Fanatical Times this week that ” With inflation running below the 2 per cent target for…

Read More

American Tariffs and Wars----- From the Revolution to the Great Depression

Read More

Page 12 of 12« First...89101112

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.