Archive For: April 2016

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Where It All Went Wrong------The 'Recovery' Is Hollow, The Fed's Growth Narrative Is False

With the housing recovery, it is perhaps because it has been much more visible and earnest that the disparity is more easily appreciated and understood. Prices have surged in some places as much as the housing mania portion of the great bubble of the 2000’s, yet that has taken place despite levels of overall activity...

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Obama's Meretricious Meddling In The UK's Brexit Brawl

American interventionism isn’t just sending in the Marines – more often it’s sending in the President. The “bully pulpit” has worldwide resonance, and President Obama recently used it to urge the British to reject “isolationism” and stay in the EU. As usual with the White House – and not just this one – the little […]

The post Obama vs. Britain’s ‘Isolationists’ appeared first on Antiwar.com Original.

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Behind The GDP/BLS Jobs Mirage-------US Gross Output Continues to Slump

  The Cracks in the Economy’s Foundation Become Bigger Last week the Bureau of Economic Analysis has updated its gross output data for US industries until the end of Q4 2015. Unfortunately these data are only available with a considerable lag, but they used to be published only once every few years in the past, […]

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George Orwell’s Ghost is Laughing-----Obama's 'No Boots On The Ground' Doublespeak

What’s the difference between “boots on the ground” and military personnel wearing boots who are engaged in combat – and perhaps dying – on the ground? If you can answer that question convincingly, perhaps you’d like to apply for John Kirby’s job, because he’s not doing it very successfully. Kirby is the State Department spokesman […]

The post Orwell’s Ghost is Laughing appeared first on Antiwar.com Original.

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Statism Goes Full Frontal-------Venezuela Declares Two-Day Work Week to Conserve Energy

As ludicrous as the title of this post sounds, that rationale is precisely what Venezuela just did. Bloomberg reports Venezuela …

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Chart of The Day - Housing Starts Recover Back to 1982 Recession Level

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Getting Paid for Wishful Thinking-----Bill Kristol's Addiction To Errors And Invasions

  Bill Kristol – the Gartman of Politics? It has become a popular sport at Zerohedge to make fun of financial pundits who appear regularly on TV and tend to be consistently wrong with their market calls. While this Schadenfreude type reportage may strike some as a bit dubious, it should be noted that it […]

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Peak Data: When Not Enough Is Already Too Much

  The Wild 1990s Not so long ago, during 1990’s, the connecting world of the connected world we now know was literally and comprehensively in the development stage during those wild crazy go go years before the crash in technology stocks in 2000.   The infamous tech bubble of the 1990s – to this day […]

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'Wealth Effects' And QE Repudiated--------Gallup Data Shows Sharp Rise In Propensity To Save, Not Spend

In addition to the worrisome durable goods report (in the respect that it just continues the same contraction part of the slowdown), consumer confidence slipped suggesting that the rebound in stocks and prices of other risky assets are not striking a direct correlation. There may be a delayed effect, with “confidence” or sentiment in April...

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Rounding Up The Retail Sheep----Smart Money Sells Stocks For 13th Straight Week, Longest Streak Ever

One week ago we were surprised to learn that no matter what the market was doing, whether it was going up, down or sideways, Bank of America's "smart money" (institutional, private and hedge funds) clients, simply refused to buy anything, and in fact had continued to sell stocks for a near-record 12 consecutive weeks. In fact, the selling continued despite what we said, namely that "at this point it was about time for the selling to stock, if purely statistically, otherwise said "smart money" would be sending the clearest signal yet that the market rally from the February lows is nothing but a huge gift to sell into."

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