Historical Archives

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New From NSA: Mass Scale Hacking, Malware and Implants

In some cases the NSA has masqueraded as a fake Facebook server, using the social media site as a launching pad to infect a target’s computer and exfiltrate files from a hard drive. In others, it has sent out spam

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Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Part 3

Part 3 - Real Cause of the Great Depression: Collapse of the Artificial 1914-1929 Boom In this setting, Bubbles Ben 1.0 (New York Fed Governor Benjamin Strong) stormed in with a rescue plan that will sound familiar to contemporary ears.

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The Crony Capitalist Birth of the Transcontinental Railroads

When Barack Obama used the transcontinental railroads as an example of the wonderful things that can be accomplished with grandiose government programs, he was attacked for mistakenly referring to the railroads as “intercontinental.” Notably, he was attacked by approximately no one for talking up a government program that in reality should be best remembered as a pioneering feat in government corruption, corporate welfare, and immense waste.

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German Exporters Fire Warning Shot About Russia “Sanction-Spiral,” Banks At Risk

It took a while. But it had to come, the public warning shot – after some ferocious lobbying behind closed doors. No one in Germany is allowed to get in the way of the sacrosanct exporters. The German economy, to the chagrin of neighboring countr...

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Ticking Time Bomb: $1 Trillion Leveraged Loan/Junk Bond Issuance + Record Cov Lite

There has been a lot of discussion about the Chinese credit markets, and rightfully so, as unusual events are in the midst of probing “market” sensibilities as they relate to great imbalances. Along that line, this passage in a CNBC article caught my attention: Strict government controls, and the fact that state-owned companies own the [...]

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Keynesian Myths, Monetary Central Planning and The Triumph of The Warfare State - Part 2

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Income Inequality: Blame State Policy, Not Capitalism

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Retail Sales: The Trend Is Sinking

This post will include an excess of charts and graphs, ostensibly to put to rest any weather notions as well as highlight the macro component of what is clearly economic dysfunction. The beginning of 2013 was bad in its own right, but the excuses laid then pertained to QE’s lag (as well as winter grumbling). [...]

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Ticking Time Bomb: $1 Trillion Leveraged Loan/Junk Bond Issuance + Record "Cov Lite"

There has been a lot of discussion about the Chinese credit markets, and rightfully so, as unusual events are in the midst of probing “market” sensibilities as they relate to great imbalances. Along that line, this passage in a CNBC article caught my attention: Strict government controls, and the fact that state-owned companies own the [...]

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Yellenomics: The Folly of Free Money

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