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Articles by O C Sure
More Spending Does Not Drive More Employment
It is almost universally asserted today that consumer spending drives employment. This thesis gives support to the general Keynesian idea that government should “stimulate” the economy when it is suffering from a recession, whether it is through fiscal or monetary policy. Glorious Spending At the core, the idea is that if spending on goods and services goes up, then more people are needed in their production.
"It’ll Be An Avalanche": Hedge Fund CIO Sets The Day When The Next Crash Begins
While most asset managers have been growing increasingly skeptical and gloomy in recent weeks (despite a few ideological contrarian holdouts), joining the rising chorus of bank analysts including those of Citi, JPM, BofA and Goldman all urging clients to "go to cash", none have dared to commit the cardinal sin of actually predicting when the next crash will take place.
The Broken Chessboard: Brzezinski Gives Up On Empire
Submitted by Mike Whitney via Counterpunch.org, The main architect of Washington’s plan to rule the world has abandoned the scheme and called for the forging of ties with Russia and China.
Connect Just Two Dots, See All The Rest
Submitted by Jeffrey Snider via Alhambra Investment Partners, It’s not an exact fit or correlation, but that’s not the point. One follows the other, though the manner in which they relate is outside of any view. The point here is common sense, unclouded by the increasing absurdity with which this simple relationship is denied: Repo fails are an indication of collateral “tightness.” Dealer net long inventory is an indication of collateral hoarding.
Spot The Odd Inflation Out
One of these things is not like the others... With The Fed's reported inflation hovering around 1.0% - enabling monetary policy so easy, it could work in the Bunny Ranch - we thought the average joes and joannas of America might need reminding of just what is devouring their wages...
Terrorism Death Count Since 2015: The West 658 - 28,031 The Rest Of The World
And the 'winner' is... Since the beginning of 2015, the Middle East, Africa and Asia have seen nearly 50 times more deaths from terrorism than Europe and the Americas. As The Washington Post reports, The Middle East and northern Africa account for over two-thirds of terrorism deaths since January 2015, with multiple attacks occurring daily, each claiming on average at least a dozen lives.
It's Official - Donald Trump Clinches Republican Nomination For President
Millions of voices cried out in terror and were suddenly silenced... The Hill reports, The Republican Party officially nominated Donald Trump for president on Tuesday, capping his remarkable rise from political outsider to the standard-bearer of the GOP. Trump officially secured the 1,237 delegates needed to clinch the nomination after his home state of New York cast 89 delegates for the businessman.
Prominent Gold Skeptic Willem Buiter Says "Gold Looks Pretty Good"
Back in November 2014, Willem Buiter, who has so far been wrong in his recent gloomier forecasts about the fallout from the Eurozone mess, or his predictions about a global economy, decided to become a commodity expert and announced that "Gold Is A 6,000 Year Old Bubble." The irony is that while virtually every other asset class in the span of these 6,000 years has risen, risen more, in many cases indeed formed a bubble, burst, fallen, and ultimately turned to dust and forgotten, gold remains...
We Need More Borders And More States
Submitted by Ryan McMaken via The Mises Institute, In the context of trade and immigration, borders are often discussed as a means of excluding foreign workers and foreign goods. In one way of thinking, borders provide an opportunity for states to exclude private actors such as workers, merchants, and entrepreneurs. On the other hand, borders can also serve a far more endearing function, and this is found in the fact that borders represent the limits of a state's power.
If Trump Tries To Remove ISIS, Will He Be Removed?
Via The Daily Bell, Donald Trump accused his Democratic rival Hillary Clinton of enabling Islamic State’s emergence with “her stupid policies” in a joint interview with running mate Gov. Mike Pence, while pledging to “declare a war” on the terror group. “Hillary Clinton invented ISIS with her stupid policies.
America Is Being Divided And Conquered Into Oblivion
Submitted by Mike Krieger via Liberty Blitzkrieg blog, Or take the right to vote. In principle, it is a great privilege. In practice, as recent history has repeatedly shown, the right to vote, by itself, is no guarantee of liberty. Therefore, if you wish to avoid dictatorship by referendum, break up modern society’s merely functional collectives into self-governing, voluntarily co-operating groups, capable of functioning outside the bureaucratic systems of Big Business and Big Government.
What Is Helicopter Money? Goldman Explains
Whether Japan admits it or not, helicopter money - thanks to Ben Bernanke - is here, and the market's reaction this week was simply the first stage of pricing it in, as confirmed by the biggest drop in the Japanese currency this century. Incidentally, we are "confident" that the SEC will inquire whether Citadel- Ben Bernanke's official employer - was actually short the Yen ahead of its employee going to Japan and advising the Bank of Japan what to do, and how to crush its currency.
Welcome To Wonderland
Submitted by Gary via Notes From The Rabbit Hole blog, “If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?” –Alice in Wonderland Silver out performs gold as both rise with Treasury bonds, which are in turn rising with stocks, as Junk bonds hit new recovery highs while USD remains firm as inflation expectations are out of the picture.
Millennials Pay Rent By Selling Their Parents' Jewelry
With the market just shy of all-time highs, it would be reasonable for one to assume, looking at nothing else, that the American economy is wonderful. One may even wish to ponder the joyous thought of a younger generation living better than their parents. The problem is that the youth of America are saddled with debt and the university they took on the debt to attend left them with a lacking skill-set after graduation. So what's an American youth to do?
Obama Blames "Easy Access To Guns" For Surge In Violence Between Police And Minorities
Some were wondering how Obama would spin the surge in violence between police and minorities into yet another push for gun control. We didn't have long to wait.
One American's True Story: "How I Went From Middle Class To Homeless"
Meet Joe. He used to make a steady income in manufacturing, but the work has disappeared. Now, he is selling everything and moving into his van. Joe is one of the 71% of Americans who think the U.S. economic system is "rigged in favor of certain groups," according to a new poll by Marketplace and Edison Research.
Donald Trump’s Entire Financial History In One Short Video
Courtesy of The Money Project, a collaboration between Visual Capitalist and Texas Precious Metals that seeks to use intuitive visualizations to explore the origins, nature, and use of money. Donald Trump’s Entire Financial History In One Short Video In this motion graphic video, we break down the full story behind Donald Trump’s wealth. VIDEO Not only do we examine his major business successes and failures, but we even look back at real estate’s prominent role in the history of the Trump family.
America’s One-Party Government
Submitted by Eric Zuesse, originally posted at Strategic-Culture.org Today’s United States is a more realistic version of the type of society that George Orwell fictionally described in his allegorical novel 1984. Like in 1984, the American public don’t know that they’re merely the tools of some unseen aristocracy who manipulate them by fear of ‘the other’, some ‘enemy’ group – manipulate the public via the media, which the aristocracy controls.
Is This The Big One? Large-Scale Motion Detected Near San Andreas Fault
Submitted by Mac Slavo via SHTFPlan.com, As if California doesn’t have enough problems already... The big one is believed to be due every century or so along major fault lines – and California is long overdue. Eventually, there is just too much built up pressure that must be released. Although experts don’t know when a major earthquake may hit the San Andreas fault, they expect that it is simply inevitable and have warned for years about mitigating the disaster to come.
Japanese Finance Minister Reminds Elderly "Hurry Up & Die"
Everyone knows that Japan, whose population is now declining for the first time in its history... ...sold more adult than baby diapers for the first time in 2012, and is "older" than any nation in the world, has a "demographic problem." What few may know, however, is that it also has a secret plan to fix said "demographic problem" - a solution that would make Hitler, Goebbels and Stalin proud.
USDA: People Make The Choice To Eat Unhealthy Food
Submitted by Ryan McMaken via The Mises Institute, Last week, I examined how obesity among low-income households cannot be explained by simply claiming that low-income people don't have access to healthy food. It is claimed that supermarkets and other places that sell food are too far away from low-income neighborhoods for households to access them. It is assumed that low-income people will eat fast food instead.
The Trajectory of Venezuelan Hyperinflation Looks Frighteningly Familiar...
Extreme shortages of food and power continue to ravage the country of Venezuela, and ordinary people have been paying the price. With triple-digit inflation, that “price” is expected to continue to soar even higher. The International Monetary Fund (IMF), in its most recent set April forecasts, expects inflation in Venezuela to hit 481% by the end of 2016. Even scarier is the estimated pace of acceleration – by 2017, the IMF expects Venezuelan hyperinflation to climb to a whopping 1,642%.
Just Spotted In Front Of The New York Fed
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Why SocGen Thinks That "For Long-Term Investors The Outlook Is Dire"
As SocGen's Andrew Lapthorne reminds us, the big moves last week were in the bond markets, with numerous bond yields hitting historical lows and many moving further into negative territory. This, he adds, "is no longer yield chasing but a combination of price momentum, economic fear and structural issues." This is a big problem for savers and anyone else reliant on fixed income for the simple reason that there no longer is such a thing as fixed income.
Currency Wars Re-Escalate As Bank Of Korea Shocks Market With Rate Cut
With the 655th rate-cut globally since Lehman, the Bank of Korea stunned the market tonight and cut rates 25bps to 1.25% (a record low). Only 1 of 18 economists expected a rate cut as it appears record highs in US equities signal nothing about the underlying turmoil in the world's economy. After 6 straight days stronger (against the USD), the Won is sliding back above 1160 as it seems the currency wars are reigniting in AsiaPac...
Goldman Crushes Democrat's Dreams: Shows Obamacare Has Cost "A Few Hundred Thousand Jobs"
We suspect Lloyd Blankfein will be receiving a call from The White House (or Treasury) very soon as Goldman Sachs' economists did the unthinkable in the age of political correctness - while investigating the state of under-employment in America, the smartest people in the room found that ObamaCare has led to a rise in involuntary part-time employment, estimating that "a few hundred thousand workers" have been forced to cut hours and has "created disincentives for full-time employment."...
Husbands Can "Lightly Beat" Their Wives If They Refuse Sex According To Islamic Council
Submitted by Mac Slavo via SHTFPlan.com, Since millions of women in the United States support the unrestricted immigration of middle eastern “refugees” we thought it appropriate to give them a warning about the kind of mentality they can expect, because apparently the sexual assaults and rapes in Europe aren’t enough. According to an Islamic Council made up of clerics and scholars, Pakistani husbands can now beat their wives if they refuse certain requests.
"What If?" | Zero Hedge
Via ConvergEx's Nick Colas, Today we offer up five market counterfactuals – “What ifs” – to both illustrate why large cap U.S. equities just closed near their highest levels of 2016 and consider the conventional wisdom about whether the current rally is sustainable. Our home base: where asset prices and other trends started the year.
Saudi Arabia Has Finally Figured Out How To Get Washington's Attention: Lobbyists
Over the past few months, the United States has had a sudden renewed interest in the details surrounding the 9/11 terror attacks, mainly due to the buzz that was created by a 60 Minutes special which told of a the last 28 pages of an investigative report being classified and not included in the final report handed over to the 9/11 commission. The pages allegedly have credible evidence that implicates the government of Saudi Arabia as being complicit in the attacks.
Japan's Broken Economy - 25 Years Of Failed "Stimulus" & "Temporary Illusions"
So thoroughly destroyed is Japan’s economy that some of the numbers it produces are beyond comprehension, just staggering in any meaningful context. For example, Japan’s real GDP (SAAR) for Q1 2016 was ¥530 trillion (chained 2005). That compared to ¥447 trillion in Q1 1994. Over two decades and two additional years the Japanese economy has grown by a grand total of 18.5%. On straight arithmetic alone it doesn’t work out to 1% per year let alone on a compounded basis.
Academic Skullduggery - How Ivory Tower Hubris Wrecks Your Life
In the 1970s economists started to incorporate rational expectations into their models and not long after the seminal Kydand & Prescott (1977) article named Rules Rather than Discretion: The Inconsistency of Optimal Plan was published. Their work has been driving the mainstream macroeconomic debate ever since.
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