Equity bears hunting for excess in the stock market might be better off worrying about bond prices, Alan Greenspan says. That's where the actual bubble is, and when it pops, it'll be bad for everyone.
The Dow hit another record high and closed in on 22,000 The Dow, along with the Nasdaq and the S&P, posted strong monthly gains in July as corporate quarterly results have mostly topped expectations
Last week we investigated nonperforming EU loans and an EU proposal to freeze accounts if a run on a bank starts.
This week the International Monetary Fund shocked some economic analysts with an announcement that America was "no longer first in the world" as a major economic growth engine. This stinging assertion falls exactly in line with the narrative out
It's turning into a long hot summer for the emerging global counter-economy.
If there's one myth -and there are many- that we should invalidate in the crossover world of politics and economics, it's that central banks have saved us from a financial crisis. It's a carefully construed myth, but it's as false as can be.
As first reported yesterday, in his latest nearly-30 page memo, a distinctly less optimistic Howard Marks - hardly known for his extreme positions - "sounded the alarm" on markets by laying out a plethora of reasons why investors should be turning fa
Are We In A Bubble About To Burst, Or Are We Facing Massive Equity Upside? "A liberal is a conservative who has been arrested."
A rogue police officer by the name of Oscar Perez, who is also well known in Venezuela for starring in several B-rated action movies, commandeered a helicopter, before dropping grenades on the nation's Supreme Court building and strafing the Interi
Venezuela's anti-government protests are growing increasingly violent, with the death toll from clashes between protesters and government forces that began in May topping 100.
The 2007 – 2009 Financial Crisis was not a one-off historical event, and it was most certainly global in scope.
American statists are convinced that the modern-day United States is immune from an economic catastrophe arising from its welfare-state, regulated-economy way of life. They say that out-of-control federal spending and debt is nothing to be concerned
The first stage is to create private property itself. This is usually done out of the necessity of getting enough to eat. Contrary to every socialist claim, this doesn't happen through magic or authoritarian dictate. You need fences to grow things
Algorithms can dictate whether you get a mortgage or how much you pay for insurance. But sometimes they're wrong - and sometimes they are designed to deceive.
Canada, China, and Hong Kong are the only economies that have issues with both their credit-to-GDP gap, and their debt-service-ratios if rates rise. China is actively trying to crackdown on high amounts of leverage, even at major financial institutio
The global dollar-based monetary system is in serious jeopardy, according to former Texas Congressman Ron Paul. And contrary to Fed Chairwoman Janet Yellen's assurances that there won't be another major crisis in our lifetime, the next economy-cr
Blain's Morning Porridge, July 13 "Never mind manoeuvers, always go at them." Methinks we worry too much.
Well they "built it", but in May, "no one came." Wholesale Inventories rose a better-than-expected 0.4% MoM but sales tumbled worse-than-expected 0.5% (the 3rd monthly decline in a row). Inventories reversed April's decline...
As Jim Reid writes, "it's been a very dull 24 hours" in the markets, so to pass the time the Deutsche strategist recapped his bigger picture thoughts "on government bond yields given the sell-off of the last two weeks." Hardly surprising, he goes alo
they used to and ten times more than elsewhere...There are many examples where costs have gone up well over ten times in education, healthcare and other areas but have not had the proportional improvement. Some importnant things cost 10 times as much
In the usual post-payrolls economic data lull, the focus this week will be on North America, with Chair Yellen's semi-annual testimony on Wednesday alongside the the BoC, as well as a Friday data deluge in the US including CPI & retail sales. A 25bp
You can almost hear the announcer for the movie trailer; "In a world stricken by financial crisis, a country plagued by spiraling deficits and cities on the verge of collapse - a war is being waged; gauntlet's thrown down and at the hear
Variant Perception notes China Broad Credit Growth Slows to Zero. The side effect is a huge amount of collateral damage.
Bonds and Bullion are down.. but following the better than expected payrolls print, stocks and the dollar (JPY and EUR weakness) are jumping higher as markets celebrate The Fed's ability to tighten financial conditions further (and ignore The Fed's f
One of the reasons why parts of Western society fell so comprehensively for ideas of multiculturalism and the weakening of national identities and borders was an intense complacency about the stability, unity and strength of Western states. The Europ
Eager to pay more taxes? Then look no further than Norway.
Pretty much everything our media tells us about China is wrong–or at least one-sided–including its tales of a China 'debt problem'.
French Market Regulator Sees "Brutal Repricing Of Assets"; Valuations, Volatility "Don't Reflect Real Uncertainty"
The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.
A statue in front of the Federal Trade Commission shows a horse (the market) being restrained by a man (government). The idea is that the horse is physically determined but wild, driven by instinct, and potentially destructive.