“Pursuing reform in the face of vested interests is akin to stirring the soul” – Li Keqiang, Premier of China “We must eliminate evil members of the herd.” — Xi Jinping, President of China Between June 30 and July 2 of 1934, the Nazis carried out a series of political murders in what was called the […]
Unlike in the West, being a kleptocratic crook in China is now becoming a higher risk proposition. One gets the sense that as the credit monster collapses in China, and as auntie’s wealth management product is shown to be a loss, out will come the pitch forks. Seizures, arrests and even executions will become the […]
What follows is a point-by-point review of key events to anticipate during the month of April: An energy crisis in Ukraine: Russia has time on its side in Ukraine crisis. During a press conference Tuesday, Ukrainian Minister of Energy Yuriy Prodan said “oil reserves will last for 28 to 29 days” in Ukraine. Fuel prices […]
Zero Hedge has a post up that is important from a behavioral perspective. The corporate elites have gone into overdrive on record stock buybacks, and are using record underwritings of corporate bonds to fund very heavy stock purchases as inflated prices. Analysis by Prof. Seyhun at the Univ. of Michigan goes on to point out that his […]
The latest foreign custodial report from the Fed can only be described as shockingly bearish for the sistema. This may indicate that Russia and China have moved preemptively to pair down their U.S. dollar holdings. In Russia’s case, this might also be because of a Ruble defense operation. There is also Turkey’s dollar selling interventions […]
Russia and Putin have taken the lemons from Ukraine crisis and made lemonade.
The latest Snowden-Greenwald revelation shows that I was right all along about my so-called psy-ops “conspiracy theory” paranoia.
The FOMC’s minutes struck me as the height of garbled Pinocchio Theory.
The tensions between Germany and the U.S. should not be taken lightly. It stems from the out-of-control behaviors of the U.S. and the resulting fall out or blow back on the Germans. This is not just going away. The reasons should be obvious and are getting worse: 1) NSA spying; 2) the criminality of the […]