Historical Archives

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Fed Lying About QE, Media Not Paying Attention

Since the introduction of QE 3, honest-looking Fed chairman Bernanke told the Wall-Street media circus after each FOMC meeting that the money-printing binge in the coming month would expand the Fed’s balance sheet by $85 billion. A fact cited wor...

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Democracy and Government Spending: Extend and Pretend

Over the past 80 years, governments have been expected to provide more and more social services. That means bigger and bigger bills for the taxpayers

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Forward Guidance

“Guidance” is the new organizing credo of US financial life with Janet Yellen officially installed as the new Wizard of Oz at the Federal Reserve.

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QUOTE OF THE DAY

“It would seem that this is a great crime, of which they are all guilty. How frightened hypocrisy hastens to defend itself, and to get under cover

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Crazy Abenomics Orgy In Japan Is Ending Already – Pounding Hangover Next - Wolf Richter

Kudos to the Bank of Japan. Its heroic campaign to water down the yen has borne fruit. The people may not have noticed it because it’s not indicated on their bank and brokerage statements, but 20% of their magnificent wealth has gone up in smoke ...

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The Japanese Feel The Heat From The Big Lie Of Abenomics – Wolf Richter- Testosterone Pit

Inflation without compensation and a consumption tax hike make a very toxic mix.

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The Stock Market

Thomson Reuters (This Week in Earnings, December 6, 2013) notes another New World Record. We are breaking plenty these days. This often foretells a Grand Finale. For the fourth quarter of 2013, 103 companies in the S&P 500 have announced negative earnings revisions.

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