schiffgold.com / BY MIKE FINGER / AUGUST 24, 2015
Jim Grant appeared on CNBC this morning with an explanation of the underlying reason why United States stocks just plummeted. His core message is that capitalism requires both success and failure. When central bankmonetary policy corrupts pricing as thoroughly as it currently has, it ruins the […]
globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / August 11, 2015
In a move sure to heighten trade tensions with protectionists in US Congress, Surprise China Devaluation Marks Escalation of Currency War.
According to conventional wisdom, wars are easy to start and difficult to end. Similarly Beijing’s devaluation, the biggest one-day currency move since […]
acting-man.com / Pater Tenebrarum / August 1, 2015
The Asset They Love to Hate …
Back in the 1960s, Alan Greenspan wrote a well-known essay that to this day is an essential read for anyone who wants to understand the present-day monetary and economic system (which is a kind of “fascism lite” type of statism, […]
acting-man.com / Bill Bonner / July 31, 2015
What’s Really Killing Capitalism
VANCOUVER, Canada – Hillary is taking the bull by the horns… and putting the knife between her teeth. She is a “take-charge” candidate and aims to let us know.
Yes, earlier his week, she promised to improve capitalism. Now, it’s the climate […]
dollarcollapse.com / by John Rubino / JULY 30, 2015
These days no matter what the Federal Reserve actually says, the markets respond like dogs sensing a piece of bacon coming their way. This is so for several reasons:
1) The world is vastly overleveraged, which terrifies investors and traders with even a modest historical […]
jessescrossroadscafe.blogspot.com / 30 JULY 2015
“Pride goes before a destruction, and arrogance before a fall.”
This was a fairly lackluster day in US equities.
Sentiment is now back to somewhat complacent as the VIX has fallen back to a 12 handle.
I picked up a little VIX today. I may buy more if […]
zerohedge.com / by Bill Bonner via Bonner & Partners, / 07/24/2015 18:00
Zombies and cronies stifle the process of growth and wealth creation.
To add wealth, you have to add knowledge. That is, you have to learn to do things better.
The trouble with zombies is that they don’t want to learn. Learning […]
acting-man.com / By Bill Bonner / July 24, 2015
Somewhere in British Columbia – “Do Not Hump” says the sign on the side of the boxcar. We had no idea why the Canadian Pacific Railway is putting its nose into our private lives. But the authorities are always trying to tell us […]
zerohedge.com / by Tyler Durden on 07/18/2015 10:45
It’s not always easy being a rising superpower, and the delicate task of returning the world to a bipolarity unseen since the height of the Cold War while managing to maintain some semblance of diplomacy with a dying hegemon that doesn’t realize its glory days are behind […]
charleshughsmith.blogspot.com / by CHARLES HUGH SMITH / JULY 15, 2015
With authentic growth scarce, there’s no other way to reap huge profits but cannibalism.
When people say “capitalism has failed” or “capitalism has succeeded,” we have to ask: what type of capitalism do you mean? Authentic capitalism, in which capital is placed at risk to […]
paulcraigroberts.org / Paul Craig Roberts / July 4, 2015
If you have not read John Perkins’ book, Confessions Of An Economic Hit Man, you should. The book is easy to read and explains clearly from the inside how US corporations deceive foreign governments into debts that they cannot service or repay and then use the […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, JUNE 22, 2015
Rome didn’t fall so much as erode away. That’s the template for collapse.
While collapse may be sudden, the decay that generated the collapse had been rotting away the foundation for years or decades. In distilling the vast literature on collapse into nine dynamics, […]
davidstockmanscontracorner.com / by David Stockman / June 12, 2015
As documented in Parts 1-3, the Fed has generated a $50 trillion financial bubble since Alan Greenspan took the helm in August 1987. After 27 years, honest price discovery has been destroyed, thereby reducing the nerve centers of capitalism—-the money and capital markets—-to little more than […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / THURSDAY, JUNE 04, 2015
Memo to the Fed: you are the enemy of the middle class, capitalism and the nation.
The Federal Reserve is appalled that we’re not spending enough to further inflate the value of its corporate and banking cronies. In the Fed’s eyes, your reason for […]
davidstockmanscontracorner.com / by Kana Nishizawa at Bloomberg • June 3, 2015
When Sean Taylor looks at China’s soaring stock prices, he sees a market more disconnected from economic fundamentals than at any other time in a two-decade career.
His advice to investors? Keep buying.
The London-based head of emerging markets at Deutsche Asset & Wealth […]
bullionbullscanada.com / by Jeff Nielson / Wednesday, 27 May 2015 14:44
Ideologies are extremely slippery concepts. Indeed, they have become (intentionally) categories of quasi-religious dogma which sabotage thought more than they communicate thinking. It is for this reason that the dogma of all these ideological zealots rarely finds its way into any of these […]
acting-man.com / Keith Weiner / May 28, 2015
“The top 25 hedge fund managers made more than all the kindergarten teachers in the country,” declared President Obama in a discussion of poverty at Georgetown University. Calling them “society’s lottery winners,” he proposed to hike their taxes.
Predictably, battle lines have been […]
zerohedge.com / by Veronique De Rugy / 05/27/2015 22:00 -0400
When has crony capitalism really gotten out of control? How about when a major U.S. corporation (a huge defense contractor, no less) is publicly threatening government officials to leave the country if the federal government doesn’t continue to boost their profits through government handouts:
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / SUNDAY, MAY 24, 2015
Ridding the world of Monsanto via a state buy-out would be a boon to humanity.
Capitalism fails in two situations: monopoly and state-capital cronyism. Monopoly extinguishes competition and that effectively extinguishes capitalism.
When the elites of the state and private capital collude, i.e. crony […]
gata.org / by cpowell on 2015-05-18
By Ralph Benko Forbes Monday, May 18, 2015
A recent article in The Week by progressive columnist Jeff Spross, “How Modern Capitalism Killed Self-Reliance,” observed that “the gold standard is a niche enthusiasm rejected by most economists.” Why that is so is curious. The hyperlink to his observation goes […]
zerohedge.com / by Tyler Durden / 05/07/2015 09:01 -0400
When Deutsche Bank’s head of global fundamental credit strategy, Jim Reid, writes a blurb that could have come from any single Zero Hedge article posted here over the past 6 years, it makes us wonder if we, like that Onion, have missed our IPO window.
jonrappoport.wordpress.com / by Jon Rappoport / May 6, 2015
Imagine this fantasy. In Indiana, all citizens are under the gun. They must work in factories where the wage is 20 cents an hour. There are no unions. When unions start to form, the leaders are arrested or killed. Employers and the state government provide unsanitary […]
charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, MAY 04, 2015
Collaboration, innovation and risk are all intrinsic to adaptation. Without adaptation, every system eventually perishes once conditions change.
One feature of capitalism that is rarely discussed is the premium placed on cooperation and collaboration. The Darwinian aspect of competition is widely accepted (and rued) […]