Search

Is This Why The Status Quo Disdains Bitcoin? – The “Wrong People Are Getting Rich”

Is This Why The Status Quo Disdains Bitcoin? – The “Wrong People Are Getting Rich”
Authored by Charles Hugh Smith via OfTwoMinds blog, The wrong people--rebels, outsiders, nerds and techies-- got on the cryptocurrency boat while their insider/rentier "betters" blew it and are now raging bitterly onshore. The psychology of money, wealth and speculative manias is endlessly fascinating. Most of what's written on these subjects focus on the process of building wealth as if it... Read More

Now That Xmas Is Over – Mapping The US States With The Most People In Debt

Now That Xmas Is Over – Mapping The US States With The Most People In Debt
With Americans left with only one option - indentured servitude - to maintain any semblance of normal quality of life - especially at Christmas - we thought it worthwhile considering which US States have the most people in debt. Using data from anonymous consumer-level records from a major credit bureau, the Urban Institute was able to release figures on debt... Read More

Why A Scathing Wall Street Is Furious At The Trump Tax Plan

Why A Scathing Wall Street Is Furious At The Trump Tax Plan
Back in October 2016, the "millionaire, billionaire, private jet owners" of America's elitist, liberal mega-cities (A.K.A. New York and San Francisco) celebrated the tax hikes that a Hillary Clinton presidency would have undoubtedly jammed down their throats proclaiming them to be a 'patriotic duty'.  Unfortunately, now that Trump has given them exactly what they apparently wanted...an amazing opportunity to 'spread... Read More

Venezuela’s Grim Reaper: Hyperinflation Started on December 17, 2016 and Continues Today, With Annual Inflation Hitting 4304%

Venezuela’s Grim Reaper: Hyperinflation Started on December 17, 2016 and Continues Today, With Annual Inflation Hitting 4304%
Authored by Steve H. Hanke of the Johns Hopkins University. Follow him on Twitter @Steve_Hanke.   The Grim Reaper has taken his scythe to the Venezuelan bolivar. The death of the bolivar is depicted in the following chart. A bolivar is worth less, and with its collapse, Venezuela is witnessing today the world’s worst inflation.      As the bolivar... Read More

“For The First Time In Modern History” US Government Debt Will Surpass Household Debt

“For The First Time In Modern History” US Government Debt Will Surpass Household Debt
Last week, rating agency DBRS raised a red flag when it calculated that in the past decade average US wages have risen by only 5.7%, while consumer debt over the same period rose 60% more, or 9.3%. However, while the US household's reliance on debt to fill in the income gaps is hardly news, on Monday JPMorgan found another, even... Read More

Are Markets Too Optimistic About Global Growth? (Spoiler Alert, Yes!)

Are Markets Too Optimistic About Global Growth? (Spoiler Alert, Yes!)
Authored by Saxo Bank's Head of Macro Strategy, Dembik Christopher, via TradingFloor.com, We expect softer-than-consensus 2018 growth Lowflation structural, not transitory Housing bubbles remain a concern (Bitcoin not so much) The year 2018 starts with four main questions: Is economic growth on a solid footing? Will inflation ever come back? Should we fear higher bond yields? What could go wrong?... Read More

Stockman: “Bitcoin Is The Poster-Boy For An Unhinged Financial System”

Stockman: “Bitcoin Is The Poster-Boy For An Unhinged Financial System”
Authored by David Stockman via Contra Corner blog, The lemmings are now in full stampede toward the cliffs. You can literally hear the cold waters churning, foaming and crashing on the boulders far below. From bitcoin to Amazon, the financials, the Russell 2000 and most everything else in between, the casinos are digesting no information except the price action and are relentlessly rising... Read More

Deutsche Bank Explains The Five Biggest “Market Conundrums”

Deutsche Bank Explains The Five Biggest “Market Conundrums”
While pundits contemplate whether the bitcoin bubble is bigger, smaller or the same size as the dot com bubble, few are willing to admit that day to day events in the equity market are just as ridiculous, bubbly and bizarre as what takes place in the crypto realm. To address this lack of coverage, yesterday Bloomberg was nice enough to... Read More

Lessons From The GFC – Beware The Next ‘Soft Landing’ Calls

Lessons From The GFC – Beware The Next ‘Soft Landing’ Calls
Authored by Constantin Gurdgiev via Manning Financial, Recent months have seen a steady and growing flow of institutional investors', and market analysts', and researchers' warnings about the medium-term sustainability of the financial assets prices. Both, the IMF and the Bank for International Settlements (BIS) have documented evidence on the buildup of systemic imbalances across the financial markets, from bonds to... Read More

The Economic Fallacies Of Black Friday: 2017 Edition

The Economic Fallacies Of Black Friday: 2017 Edition
Authored by Nullus Maximus via The Zeroth Position blog, Today, shoppers across America will participate in the largest shopping day of the year: Black Friday. The National Retail Federation is estimating that 164 million customers will be shopping on Black Friday weekend. For the first time, their estimate includes Cyber Monday, which had previously been treated separately. The 2016 estimates... Read More