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100 Years Old & Still Killing Us: America Was Much Better Off Before The...
Submitted by Michael Snyder of The Economic Collapse blog,Did you know that the greatest period of economic growth in American history was during a time when there was absolutely no federal income tax?...
View ArticleFrontrunning: April 17
Boston bomb probe looking at pressure cooker, backpacks (Reuters), Boston Bomb Clues Surface (WSJ) Forensic Investigators Discover Clues to Boston Bombing (BBG)China local authority debt ‘out of...
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Guest Post: Wishes, Fantasies, Delusions, And Dumbasses
Submitted by James Howard Kunstler, via The Burning Platform blog,We Wish Wishful thinking now runs so thick and deep across the USA that our hopes for a credible future are being drowned in a tidal...
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The Fed Engaging In Quantitative Easing Until Unemployment Falls Is Like a...
The Federal Reserve announced that it will keep on engaging in quantitative easing in the amount of $85 billion dollars per month (or more) until unemployment improves.That is like a medieval doctor...
View ArticleFrontrunning: May 2
The number of bond funds that own stocks has surged to its highest point in at least 18 years (WSJ)Clubby London Trading Scene Fostered Libor Rate-Fixing Scandal (WSJ)Cheap money bankrolls Wall...
View ArticleFrontrunning: May 6
Lesson From Buffett: Doubt Yourself (WSJ)Gold Bulls Split With Buffett as Traders Say Sell (BBG)Russia extends Cypriot loan by 2 years, cuts interest: troika document (Reuters)Tax Rewrite in Play in...
View ArticleFrontrunning: May 7
Microsoft prepares U-turn on Windows 8 (FT), Microsoft admits failure on Windows 8 (MW), After Bumpy Start, Microsoft Rethinks Windows 8 (NYT)China reports four more bird flu deaths, toll rises to 31...
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11 Reasons Why The Federal Reserve Should Be Abolished
Submitted by Michael Snyder of The Economic Collapse blog,If the American people truly understood how the Federal Reserve system works and what it has done to us, they would be screaming for it to be...
View ArticleFrontrunning: May 8
Pentagon Plans for the Worst in Syria (WSJ)Russia and US agree to Syria conference after Moscow talks (FT)Hedge Funds Rush Into Debt Trading With $108 Billion (BBG)Detroit is the new "deep value" -...
View ArticlePostcards From Afghanistan
ConvergEx's Nick Colas undertook a recent trip to Afghanistan. As he notes, the country has a long way to go to reestablish a viable economy and political stability, but he saw enough to be optimistic...
View ArticleFrontrunning: May 15
Once a beacon, Obama under fire over civil liberties (Reuters)Eurozone in longest recession since birth of currency bloc (FT)EU Oil Manipulation Probe Shines Light on Platts Pricing Window (BBG)BMWs...
View ArticleThe Hollowing Out Of Chinese Manufacturing
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe great American manufacturing renaissance? Maybe not. But China is losing the low-wage edge. With manufacturing already in...
View ArticleFrontrunning: May 16
As scandals mount, White House springs into damage control (Reuters)Glencore Xstrata chairman ousted in surprise coup (Reuters), former BP CEO Tony Hayward appointed as interim chairman (WSJ)JPMorgan...
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Guest Post: The New Abnormal
Submitted by James Howard Kunstler of Kunstler.com,The collective state of mind in the USA these days may be even more peculiar than what went on in Germany in the early 1930s, when the Nazis were...
View ArticleFrontrunning: May 21
IMF Tells Central Europe to Spend More (WSJ)Tornadoes Blast Oklahoma (WSJ)Frenetic search for survivors as 91 feared dead in tornado-hit Oklahoma (Reuters)JPMorgan investors on edge over vote on Dimon;...
View ArticleFrontrunning: May 22
Apple Bonds Stick Buyers With $280.6 Million Loss as Rates Climb (BBG) Iceland Freezes EU Plans as New Government Shuns Euro Crisis (BBG)"Transparent Fed" - Ben Bernanke meets privately with Darrell...
View ArticleFrontrunning: May 23
Global shares sink, following 7.3 percent drop in Japan's Nikkei (Reuters)When all fails, pull a Kevin Bacon: Japan Economy Chief Warns Against Panic Over Stock Sell-Off (BBG)White House Feeds IRS...
View ArticleFrontrunning: May 28
‘Cov-lite’ loans soar in dash for yield (FT)Cambodian police clash with thousands of garment workers, 23 hurt (Reuters)Obama Accepting Sequestration as Deficit Shrinks (BBG)Having done nothing to...
View ArticleFrontrunning: May 29
South China Sea tension mounts near Filipino shipwreck (Reuters)OECD cuts economic forecasts as eurozone drags on growth (FT)Switzerland frees banks to settle U.S. tax evasion cases (Reuters)U.S. Says...
View ArticleFrontrunning: May 30
Japan’s Stocks Correction Raises Stakes for Abe’s Growth Plan (BBG)China Failure to Grow With $1 Trillion Is Warning to Li (BBG)Blankfein Leads Bank CEO Pay With $26 Million Deemed Overpaid (BBG)IMF...
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