charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, NOVEMBER 18, 2014
What do we do when the bubble economy cannot be reflated?
It is generally conceded that we are living in an era of Peak Everything: peak central bank omnipotence, peak powerless of the non-elites, peak wealth inequality, peak media-induced delusion, peak market-rigging, peak bogus official […]
zerohedge.com / by Peter Tchir / 10/08/2014 08:12 -0400
The one market seemingly everyone “knows” is a bubble is the treasury market. That is the market that just made new low yields on the 30 year bond for the year. The curves have flattened and there has been extremely strong support for the long […]
zerohedge.com / by Tyler Durden / 09/15/2014 07:10 -0400
Any other Monday and futures would be scorching higher. After all it was a nearly perfect storm of bad news: from China’s disastrous economic news, the worst since Lehman, to the Scottish vote where the latest poll tally had the Yes between 46% and […]
thedailybell.com / Anthony Wile / September 13, 2014
We’ve been covering the growth of asset bubbles throughout 2014 and now, as we approach the troublesome month of October, it’s a good time to reassess.
The mainstream media is filled with predictions of a “market crash” and I figure this means some sort of significant […]
acting-man.com / Bill Bonner / July 28, 2014
Deflecting Attention, Greenspan-style
Alan “Bubbles” Greenspan is back in the news. At 88 years old, his mind is still sharp as a tack. He still sees his own interests clearly. And he is still clever enough to distort the facts to suit them.
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, JULY 17, 2014
The correlation between the Fed’s monetary heroin production and the stock market will break down as the market normalizes. In the spirit of calling things what they are, longtime correspondent Harun I. explains that market crashes are simply distorted/mispriced economies attempting to normalize. […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, July 10, 2014 1:54 AM
Steen Jakobsen, chief economists and CIO of Saxo Bank has some interesting observations on the illusion of low interest rates and the vital flaw in Pimco’s bullishness at a market peak.
Please consider From Here to Eternity in the Age […]
acting-man.com / Pater Tenebrarum / June 3, 2014
Headline for Reuters …
A recent report on Reuters cites various Fed officials on the topic of bubbles, with the headline “Fed officials say rates should not be used to fight bubbles”. This is the headline we have attempted to fix above, since by inference, […]
zerohedge.com / by Tyler Durden on 05/17/2014 18:49
Normally, prices are self-limiting, notes Citi’s Matt King: yields rise – inflows hit – prices rise – yields drop – outflows hit – price drops, and back to yields rising. But, it appears for now that we are in a positive feedback (or hyperbolic) loop, where – […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / TUESDAY, MAY 13, 2014
When good decisions are no longer possible, bad decisions are inevitable.
If we had to summarize the response of the Federal government and the Federal Reserve to the structural financial crisis of 2008-2009, we could say that both institutions went all-in to […]
streettalklive.com / Lance Roberts / Friday, 09 May 2014
As another week passes by the markets have made no real movement in months. News flow, outside of Yellen’s testimony, was also rather slow as first quarter’s earnings season begins to come to a close. However, there were a few articles that I read […]
arabianmoney.net / 07 March 2014
It is hard to argue with somebody who has recently benefited from an asset price bubble, especially if they have just realised the gain by selling. But when this asset price gain is only achieved at the cost of forcing down the return on all assets then you have […]
zerohedge.com / by Tyler Durden / 03/06/2014 08:22 -0500
While Janet Yellen fell back on the ubiquitous central banker statement that she “would do all that [she] can” it was Dallas Fed’s Richard Fisher who raised the most eyebrows yesterday. In a speech in Mexico City, the central banker said he wasconcerned about “eye-popping […]
zerohedge.com / by Tyler Durden on 02/15/2014 17:01
“There is a valuation problem with most global equity markets – the most with the US,” warns Felix Zulauf in the following brief clip, adding that sentiment “is extremely one-sided,” but the classic bear-market-inducing recession, he notes, is not on the immediate horizon. Instead, he warns, other […]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Friday, January 31, 2014 1:40 AM
The Monetarists are out in full force warning about pending deflation.
First it was Christine Lagarde with her message about the deflation ogre (see Christine Lagarde Warns of Lord Voldemort, Hopes to Put Deflation Ogre in a Bottle).
Next on the list, […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, JANUARY 23, 2014
The elimination of low-risk interest income in favor of risky speculative credit/asset bubbles has led to a monumental misallocation of capital and the institutionalization of perverse and highly corrosive incentives. The stagnation afflicting advanced economies has several fundamental causes. 1. The dynamic between rising […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, JANUARY 13, 2014
Central Planning pushing housing prices higher is not win-win–it is lose-lose-lose. The Status Quo views real estate bubbles as a “good thing”: as home prices rise, the homeowner’s collateral (equity) rises, creating both a psychological “wealth effect” (now that we’re richer, we can afford […]
zerohedge.com / by Tyler Durden / 01/12/2014 22:05 -0500
With a seemingly endless line of talking-heads willing to ignore essentially every study that has been undertaken with regard the effects of raising the minimum-wage; and propose what is merely populist vote-getting ‘benefits’ for the ever-increasing not-1% who benefitted from Ben Bernnake’s bubbles […]
acting-man.com / Ramsey Su / January 7, 2014
Employment and Demographics
Of all the myths in real estate, price equilibrium based on supply and demand is the most misunderstood. Once again, policy makers were, and are, basing policy decisions on concepts dreamed up by the academic world that have little to do with reality.
zerohedge.com / by Andy Xie / 12/31/2013 17:40 -0500
China and the United States, the primary sources of economic stimulus since 2008, will begin to unwind their stimulus in 2014. The Fed’s announcement of its first reduction in quantitative easing and China’s rising interbank interest rate are signals of what is to come. The […]