Over the long run (which is now), the math of that distortion just doesn’t work out.
You’d think the housing market is in fine shape, based on the sizzling optimism of our home builders.
The report – released on Friday when everyone was on vacation or getting ready to head out of town, and when no one was supposed to pay attention – was a zinger: US net capital outflows soared to $153.5 billion, the largest ever recorded.
I remember well, the fiscal rectitude of the old Japan: In 1981, as the Reagan White House prepared its radical fiscal plan – famously called “riverboat gamble” – we were visited by high-ranking Japanese officials, in a state of shock.
This type of corruption is costly for retirees and very lucrative for Wall Street and politicians. Now they want to legalize it as “free speech.”
Japan’s most despised corporation, TEPCO, is running out of space to store radioactive water. And so it found another one of its “solutions.”
Oil markets were dominated by Morgan Stanley, Goldman Sachs, JP Morgan, and other investment banks with their own proprietary trading operations and an army of participants on both sides of the trade. But now they’ve abandoned the oil market.
Even while people are screaming about housing shortages in Paris and other cities.
The largest economy in the Middle East has second thoughts about its ties to the West.
“The glue of the sanctions is starting to dry.”
Oil demand in the 34 OECD countries shrank in Q2. But the real surprise is slow demand growth in China, where the economy is cooling.
Numerous common acts in Spain have been turned into illegal acts by the Orwellian-termed “Citizens’ Security” law, more popularly known as the “Gag Law.”
Taxpayers get milked. And California’s environmental laws, signed by Gov. Reagan, get shafted. Very ironic for a company that hypes its “green” credentials.
Investors won’t even know what exactly is in the pool.
“I’m not part of that system that has destroyed this country,” said Prime Minister Renzi. National leaders were deposed by the Troika for lesser sins.
The good folks with more than $10,000 in the market have spoken.
You can’t trust the US government or the US private sector to protect your privacy. You need to look elsewhere
They’d piled into the new “risk sharing RMBS bonds” issued by Fannie and Freddie. Wall Street provided 80% leverage. Buying frenzy ensued. But it didn’t last long.
The game has been honed to perfection. Everyone is playing along. And it performs miracles. Or it did. Because just now, it inexplicably conked out.
The same people who almost destroyed the global economy with their financial toxins and who corrupted the basic pricing mechanism of just about every commodity market will be entrusted to determine the price of the water.
Turns out, the meltdowns were actually much worse than it previously admitted, says the most despised corporation of Japan.
Through crude use of statistics, the Spanish government makes a mockery out of tragedy.
Junk bond investors are running for the hills. But there are no hills.
Who will fold first? That’s the question in the escalating trade war that has already hit European and Russian companies and their economies.
One of the many oddities of this cycle is that many things that were good in normal times have become bad.
A fascinating phenomenon – one with a potentially dreadful outcome.
As the Italian government refuses to pay its suppliers, thus strangling the private sector.
From an industry insider. Happening now.
Fisher reports from inside the FOMC: it’s getting more hawkish and will hike interest rates sooner than expected. Markets are in denial. Not going to be pretty.
Natural gas ‘exporters’ took in billions, stocks soared fabulously. Alas, there isn’t enough US natural gas to export. How could this happen? Consensual hallucination.