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Authored by Charles Hugh Smith via OfTwoMinds blog, Isn't it obvious that if we set out to design the most perverse, toxic and doomed system possible, we'd end up with the Keynesian Cargo Cult's insane permanent growth/Landfill Economy? Few topics are off-limits nowadays: the personal and private are now splashed everywhere for all to see. […]
Update: Rand Paul attempted to clarify his comments by tweeting: Tax cuts – people keeping more of their money – are never the problem. The problem is spending. We should obey our rules, stop the deficit spending, and shrink government. But that seemed to have sparked more selling as it suggests that any bill that […]
Whereas many Wall Street strategists enjoy simplifying their stream of consciousness when conveying their thoughts to their increasingly ADHD-afflicted audience, the same can not be said for Deutsche Bank’s Aleksandar Kocic, who has a troubling habit of requiring a background and competency in grad level post-modernist literature as a prerequisite for his articles among the […]
Authored by Patrick Watson via MauldinEconomics.com, According to the more cynical pundits, government programs usually achieve the opposite of their intended goal. And sometimes they do. For example, Richard Nixon’s “War on Drugs” is still in progress, but the drugs are definitely winning. Some government programs, however, are more effective. Firefighters are doing a pretty […]
Authored by Ron Paul via The Ron Paul Institute for Peace & Prosperity, Do we need a third major political party? I often joke that I’d be happy if we actually had a second party, as when it comes to the big issues – war, monetary policy, civil liberties – the Republicans and Democrats are […]
Authored by John Rubino via DollarCollapse.com, A recurring pattern of the past few decades involves governments promising to limit their borrowing, only to discover that hardly anyone cares. So target dates slip, bonds are issued, and the debts keep rising. This time around the timing is especially notable, since eight years of global growth ought […]
According to Deutsche Bank’s Aleksandar Kocic, we live in a reflexive world, one where “the Fed knows that the market knows and the market knows that the Fed knows that the market knows, so everyone knows, but pretends that nobody knows and the game goes on.” That pretty much covers much of modern market analysis […]
Back in July, Deutsche Bank’s derivative strategist Aleksandar Kocic believed he had found the moment the market broke, which he defined as a terminal dislocation between market and economic policy uncertainty: as he wrote 4 months ago, it was some time in 2012 that markets “lost their capacity to deal with uncertainty.” It was also […]
Back in July, Deutsche Bank’s derivative strategist Aleksandar Kocic believed he had found the moment the market broke, which he defined as a terminal dislocation between market and economic policy uncertainty: as he wrote 4 months ago, it was some time in 2012 that markets “lost their capacity to deal with uncertainty.” It was also […]
Authored by Charles Hugh Smith via PeakProsperity.com, I’ve long held that if a problem can be solved by creating $1 trillion out of thin air and buying a raft of assets with that $1 trillion, then central banks will solve the problem by creating the $1 trillion out of thin air – nothing could be […]
European shares are modestly lower as investors monitor tense events in Spain and as focus turns to Thursday’s ECB meeting; US equity futures have rebounded from yesterday’s sharp but shallow selloff and are in the green amid rising odds of U.S. tax reform and the imminent unveiling of the next Fed chair while Asian shares […]
This article by David Haggith was published on The Great Recession Blog: While David Stockman stated early this year with resolute certainty that the debt ceiling debate would blow congress up and send the nation reeling over the financial precipice, I avoided jumping on the debt-ceiling bandwagon. While I was convinced major rifts in the economy would start […]
In his latest weekend note, One River CIO Eric Peters discussed, among other topics, what he thought would be the nightmare scenario if not for the current, then certainly next Fed chairman: a world in which despite the Fed’s best intentions (and we use the term loosely), the Fed continued to hike rates without any […]
Authored by J.Hawk, Daniel Deiss, & Edwin Watson via SouthFront.org, One of Donald Trump’s campaign promises was the pledge to “rebuild the US military”, and it is one of the few of his initiatives that appears to enjoy broad bipartisan support. The US Senate’s version of the defense appropriations bill provides for what amounts to […]
Authored by Lance Roberts via RealInvestmentAdvice.com, On Wednesday, the President announced his plan to cut taxes for Americans, return jobs to America and return the country to economic prosperity. It’s a tall order to fill, and the proposed tax reform is a “Christmas Wish List” that will have to checked twice to determine which parts […]