Archive For: July 2015

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Beijing Struggles To Cool China’s Stock Loan Bubble

The Shanghai Composite Index for shares on China’s somewhat stock market peaked on June 12, a Friday before a weekend in which every major analyst and China-watcher expected the PBOC to unleash rate cuts. It wasn’t a very good week in terms of economic data for China, which is likely why the call-to-action for the...

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The Black Swan Circling Puerto Rico------Its Bond Insurers Are Stuffed With Toxic Derivatives

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The Obamacare Budget Scam: $1.5 Trillion Of Tax Increases And Savings That Have Nothing To Do With The Act's Ostensible Purposes

So, the $353 billion deficit reduction that causes Bernstein to declare “time to move on,” and to accuse the Republicans of political posturing and bad faith, is purely the result of $1,510 billion of cost savings and tax increases that have absolutely no logical or necessary connection to the retention or repeal of Obamacare.[2]

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Bond King Bill Gross Warns Hold Cash, Prepare For "Nightmare Selling Panic" By ETFs and Mutual Funds

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Greece: The Problem and the Solution

  Latest Developments Alexis Tsipras has sent a letter to Jeroen Dijsselbloem of the euro-group (you can download the letter here, pdf), in which he requests a separate bailout from the ESM, essentially proposing that the ESM take over Greece’s liabilities for a period of two years. Unsaid, but implied, is that this would result […]

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Mind Boggling Chart O’ Da Month- Honorable Mention – Construction Spending

Will somebody please tell the Fed that US construction spending has grown faster when rates are high or rising, than when they are falling, low, or zero. Thanks.

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Exim Bank Bites The Dust Today------Good Riddance To A Crony Capitalist Heist

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War Crimes and Citizen Punishment in the ‘Free World’

There’s much talk of reforming the criminal justice system: libertarian-ish GOP presidential candidate Sen. Rand Paul is making the unfairness of sentences that have a disparate impact on minorities a major theme of his campaign, which is all to the good. • But what about a system that has a disparate impact on the innocent? […]

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