zerohedge.com / by Tyler Durden / 10/31/2014 09:13 -0400
Still confused what the BOJ’s shocking move was about, aside from pushing the US stock market to a new record high of course? This should explains it all: as the chart below show, as a result of the BOJ’s stated intention to buy 8 trillion to [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, October 30, 2014 8:53 PM
On June 7, 2014 I wrote Looking to Drastically Reduce College Costs? Study Abroad!
Yesterday, a writer for the Washington Post expressed the same opinion.
Please consider 7 countries where Americans can study at universities, in English, for free (or almost free).
zerohedge.com / by Tyler Durden / 10/30/2014 09:10 -0400
As we noted previously, the main reason why Q3 GDP surprised to the upside was thanks to yet another accounting gimmick, where it wasn’t the US consumer leading to US growth, as has historically been the case, but because the government stepped up, and boosted GDP [...]
zerohedge.com / by Tyler Durden / 10/30/2014 08:48 -0400
Moments ago, the market was expecting Q3 GDP to print at 3.0%, and was pleasantly surprised when instead it got a 3.5% print, sending all risk assets kneejerk higher. However, a quick glance into the components revealed that things were certainly not as they seemed, with [...]
mises.org / by Peter St. Onge / Thursday, October 30, 2014
George Soros is back in the news telling Germany who to bail out this week. Soros is especially sore at Germans for promoting austerity, so it’s a great time to ask: does austerity grow an economy?
Why do we care? Investors want to [...]
mises.org / by Frank Shostak / Wednesday, October 29, 2014
Frenchman Jean Tirole of the University of Toulouse won the 2014 Nobel Prize in Economic Sciences for devising methods to improve regulation of industries dominated by a few large firms. According to Tirole, large firms undermine the efficient functioning of the market economy by [...]
dollarvigilante.com / by Paul Seymour / October 28th, 2014
I woke up this morning here in the communist-leaning Little Italy which is Buenos Aires, and was hoping to find something to write about, and what did I see? An article entitled – Treasury and IRS Encourage Use of Annuities in 401(k) Plans.
That’s the kind [...]
zerohedge.com / by Sal Arnuk & Joe Saluzzi / 10/29/2014 08:42 -0400
The SEC reportedly does not like trading on information that is not yet public. Just ask SAC Capital, or if you prefer, watch the plethora of insider trading SEC news conferences in general.
Why, even this morning there is a WSJ story about [...]
zerohedge.com / by Tyler Durden / 10/28/2014 08:14 -0400
Who can forget China’s ghost city of Ordos: back in late 2009, when the hollow shell behind China’s torrid growth was first revealed to the world, the city near China’s Mongolia border was cooler talk for weeks. Fast forward five years later, and Ordos is all [...]
dollarvigilante.com / Jeff Berwick / October 27th, 2014
The criminals in federal and local government will steal your money, even if you’re a law-abiding citizen. Don’t believe it? Just ask Carole Hinders (and 62,000 others), who has run a “modest” cash-only Mexican restaurant for many years. Last year two IRS agents came to her home [...]
mises.org / by Julian Adorney / Monday, October 27, 2014
Most defenders of the state assume that government services help the poor. And, sometimes, some poor people do benefit financially from government programs. But there’s a hidden cost: taxation and mandatory programs (Social Security, for instance) that hurt the needy by restricting their choices. [...]
zerohedge.com / by Tyler Durden / 10/24/2014 08:04 -0400
It has been over six months since the Chinese housing bubble has popped. What’s worse, as overnight housing numbers out of China confirmed, the government has so far failed to contain the fallout, and according to the National Bureau of Statistics, which is anything but, after [...]
acting-man.com / Rick Ackerman / October 23, 2014
Nothing to Lose …
Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play [...]
dollarvigilante.com / Adil Elias / October 22nd, 2014
“The most effective way to change the system is not from within, not even by a violent revolution, but by inventing a new system that makes the old one obsolete.” – Unknown Author
STATE MONOPOLIES ARE BAD FOR YOUR SOUL
There’s a myth going around that whenever [...]
mises.org / by Gary Galles / Thursday, October 23, 2014
Like other spontaneously evolving systems, language tends to move in the direction of more effective cooperation. But sometimes usage distorts once-clear words into sources of confusion.
C.S. Lewis cited “gentleman” as an example. Its usage moved from stating a fact —a man who [...]
goldcore.com / By Mark O’Byrne / 22 October 2014
Demand for gold continues to be robust and has indeed increased significantly in recent weeks despite gold’s most recent paper driven gold weakness.
Demand in China and India surged again and gold reserve diversification by the central bank of Russia hit a new record high in [...]
doctorhousingbubble.com / Dr. Housing Bubble / October 21st, 2014
If you had to write two chapters on the housing market between say 2000 and 2007 and one between 2007 and 2014 both would look incredibly different. One was guided by massive exuberance and a populist movement of giving money to anyone with a pulse. The [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / Thursday, October 16, 2014 10:50 PM
In the last three days, yield on the Greek 10-year government bond soared from 6.6% to over 9% before settling at 8.917%.
Prime Minister Antonis Samaras’ Gambit Explodes
Greek bonds yields had already been climbing with the rise of the radical [...]
acting-man.com / Pater Tenebrarum / October 16, 2014
The Bad News First – Greece is Crashing Again
We only recently reported on the ludicrous idea of Greek prime minister Antonis Samaras to pretend that the Greek government is suddenly not bankrupt anymore (see: “Greece Tries to Escape Bail-Out” for details). Note that non-performing bank loans [...]
thedailybell.com / By Staff News & Analysis / October 16, 2014
The height of idiocy: US Government hijacks the whole Swiss banking system … True story … One of our SMC members just received a package from HSBC giving him and his wife a deadline to comply with FATCA—US’ global tax law … Suddenly [...]