acting-man.com / Pater Tenebrarum / April 17, 2015
One Bad Idea After Another
Ben Bernanke is frequently in the news these days. The latest occasion concerns his opinion on the Fed’s “inflation” target, i.e., the target for the speed at which money should be debased relative to consumer goods in order to finally attain […]
news.goldseek.com / By Gordon T. Long / 17 April 2015
IMF Warns Regulators to Brace For Global “Liquidity Shock”
As it becomes public knowledge that the IMF has followed the BIS with a warning to brace for a global “liqudity shock”, it has become apparent that banks are already taking quick action. It was […]
investmentresearchdynamics.com / By Dave Kranzler / April 17, 2015
A reverse repurchase agreement, also called a “reverse repo” or “RRP,” is an open market operation in which the Desk sells a security to an eligible RRP counterparty with an agreement to repurchase that same security at a specified price at a specific time in […]
zerohedge.com / by Tyler Durden on 04/17/2015 10:38
A few days ago, when looking at the latest quarterly compendium of humor, aka the IMF’s world economic outlook release, we showed the reason why economists are such horrible forecasters: all they do is extrapolate trends.
Of course, this is not even remotely close to economic […]
zerohedge.com / by Tyler Durden on 04/17/2015 09:49
A few days ago, we deservedly mocked the IMF for “projecting” that in 2016 Greece would be the Eurozone’s fastest growing country, with a 3.7% expected GDP growth rate.
zerohedge.com / by Tyler Durden on 04/16/2015 20:15
Earlier today we said the following about the Greek government’s rapidly deteriorating cash situation:
So it’s either pay salaries and pensions or pay the IMF which is tragically ironic because Athens has already gone the route of plundering pensions to make payments to its creditors, the […]
zerohedge.com / by Tyler Durden on 04/16/2015 15:07
Having generously (if not obliviously) stepped up to the plate to bail out Ukraine (with open-ended bond guarantees), US taxpayers are opening their wallets again – this time for Iraq. As Reuters reports, cheap oil has ravage Iraq’s state finances just as the government faces rising military […]
zerohedge.com / by Tyler Durden on 04/16/2015 15:21
As we reported earlier, the former chief of the IMF Rodrigo Rato, who was succeeded in 2007 by another scandalous figure, Dominique Strauss-Khan, was recently put under investigation by Spanish authorities for money-laundering, benefiting from a tax amnesty to repatriate previously undeclared offshore funds. This is in […]
zerohedge.com / by Tyler Durden on 04/16/2015 13:41
First it was DSK with his ‘frequent’ sex-parties, rape charges, and pimpin’ hookers.
Ex-IMF chief Dominique Strauss-Kahn (DSK) – who denies charges of pimping – has told a court in northern France that prosecutors had greatly exaggerated the frequency of his “licentious evenings.” In fact, as […]
zerohedge.com / by Tyler Durden / 04/16/2015 08:18 -0400
On Wednesday, reports out of Germany indicated that Berlin was drawing up plans to keep the Greek banking sector from crumbling in the event Athens missed one or more of its upcoming payments to the IMF (i.e. in case Greece defaults). Yesterday evening, we went on […]
zerohedge.com / Via Peter Tchir of Brean Capital on 04/15/2015 11:50
Here are the 5 groups that currently feed the media with headlines:
The IMF – I am not sure when their role transcended helping weak countries to being a global market prognosticator but assume that as much as they chastise Greece, they will […]
zerohedge.com / by Tyler Durden on 04/14/2015 11:20
The answer, as shown in the following charts from the IMF, is because the dotted “consensus” blue lines also known as simple trendline extrapolation, better known in the financial world as “Birinyi’s ruler”, sometimes just happen to diverge from reality.
wolfstreet.com / By Mark Hansen, Australia, MarketCap / April 13, 2015
There are six large (with a market cap of over AUD50 billion) listed companies in Australia. The biggest four are banks, the fifth is BHP, one of the world’s largest mining companies. The sixth is the world’s most over-priced Telco, Telstra. The table below […]
FullSpectrumSurvival, Published on Apr 9, 2015
goldsilverworlds.com / Matthew Weller / April 9, 2015
In yesterday’s FOMC Minutes Instant Reaction piece, we used the analogy of Goldilocks and the Three Bears to describe Fed officials diverse views on whether the economy is running “too hot” or “too cold.” In retrospect, yesterday’s minutes were definitely in the “Goldilocks Zone” for gold […]
harveyorganblog.com / by harveyorgan / April 9, 2015
Good evening Ladies and Gentlemen:
Here are the following closes for gold and silver today:
Gold: $1193.60 down $9.50 (comex closing time)
Silver: $16.16 down 28 cents (comex closing time)
In the access market 5:15 pm
Gold/silver trading: see kitco charts on the […]
zerohedge.com / by Tyler Durden on 04/08/2015 17:45
In the New “Paranormal” (as we’re fond of calling it) economies and financial markets are characterized by quite a few depressing and some outright bizarre dynamics. For instance, under NIRP, saving money will cost you money, but you are paid to take out a mortgage meaning that […]
market-ticker.org / by Karl Denninger / 2015-04-07
This column is highly amusing, but that this guy is teaching economics and is a President Emeritus at Harvard tells you much more than anything else about where this country failed — and why we continue to fail.
This past month may be remembered as the moment […]
trueeconomics.blogspot.com / by Constantin Gurdgiev / April 7, 2015
IMF released Chapter 4 of the April 2015 World Economic Outlook update. The chapter covers the issue of lagging growth in private investment (http://www.imf.org/external/pubs/ft/weo/2015/01/pdf/c4.pdf).
IMF findings focus on 5 questions:
“Is there a global slump in private investment?” “Is the sharp slump in advanced economy […]
lfb.org / By Chris Campbell / Apr 6, 2015
“Sorry, sir,” the bookstore clerk told me Saturday afternoon.
“Your card isn’t working.”
“That’s weird,” I said. “I just used it. Here, try this one.”
I handed her another card.
“Huh. OK. Nevermind, then. I’ll pay cash.”
I paid. And then, I waited. The […]