Archive For: November 2014

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Chart Of The Day: Soaring Dollar, Plunging Oil, Faltering Global Growth

In one chart.

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The "Peace President" At Work: White House Fighting to Prevent Release of C.I.A. Torture Report

If you’re already reading this site, you don’t need me to tell you how much of a fraud Barack Obama is. His love affair with cronyism and devotion to lack of transparency has been documented in countless venues for many years now. Nevertheless, his actions continue to do irreparable harm to this nation, and as much as it […]

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The Origins Of ISIS: Saudi Arms, Cash And Wahabi Fanaticism

The Saudis contribution to ISIS was arms, cash, and Wahabi fanaticism. Ironically, while the world recoiled in horror at ISIS beheadings, its Saudi patrons cut off the heads of 27 prisoners at the same time – with hardly any notice from the western media.

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If Escape Velocity Is Imminent------Why Are Corporate Bond Spreads Blowing Out?

Adding to the repo observations from this morning regarding illiquidity and more importantly gathering risk aversion, the behavior of corporate bonds and spreads matches that overall sketch very closely. The key point is how different the corporate bond space, like the UST curve, has behaved in 2014 in relation to 2013. In past periods just...

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CBS Reporter Vs. Obama's Police State: How Big Brother Infiltrated Sharyl Attkisson's Computers & Phones

If the revelations of Edward Snowden didn’t convince you that we’re living in a police state, then Sharyl Attkisson’s book...... is the clincher. Indeed, it is more convincing than even Snowden in demonstrating that such powerful technology in the hands of unrestrained government has led to the targeting of political opponents by government officials. In Attkisson’s book, the ultimate Orwellian nightmare comes true….

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The "Output Gap" Fantasy: How Keynesian Apparatchiks Transmute Red Ink Into Budget "Surpluses"

The idea that a nation can measure an "output gap" is an idiocy in and of itself. Here are four reasons.......

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Raging Start-Up Bubble Pampers The Pooch----$22 Million For Monthly "BarkBox" Delivery Service

Hence the meme of startups raising money to blow on advertising, while other startups have formed to take this advertising money off their hands, and the money goes around from one startup to the next, and ad-tech startups offer their services, and much of it ends up at big media companies like Facebook. And when these startups run out of ideas, they buy each other. And all of this at valuations that make otherwise sane people shake their heads uncontrollably. This is what a bubble looks like after it has been inflated to the extreme. It’s a lot of fun – till the money dries up......

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7-Mile High Hedonics: Industry Says LTM Air Fares Up 3.5%, BLS Index Down 3%

We can only surmise that the quality of air travel must have increased so tremendously over the past year that a rise in airline fares in nominal terms became a decline in “hedonically indexed” terms.......

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Deformations On The Dealer Lots: How The Fed's ZIRP Is Fueling The Next Subprime Bust

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Wrath of Draghi: German Banks Impose ‘Punishment Interest’

'Punishment Interest,' as Germans call it with Teutonic precision, becomes pandemic.

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