I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ Collapse ’
The Myth of U.S. Consumer De-Leveraging
The supposed “de-leveraging” which the mainstream media boasted of was nothing but propaganda mythology. However, the new consumer debt which Americans have piled on since the beginning of 2010 is very, very real. And all the resulting U.S. auto-loan defaults, credit-card defaults, student-loan defaults, personal bankruptcies, and foreclosures in the months ahead will be...
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NY Times Puff Piece On Japan Covers Up A Sham
An opinion piece in Sunday’s New York times does the rah rah for the apparent successes of the Japanese economy over the past 20 years. DESPITE some small signs of optimism about the United States economy, unemployment is still high, and the country seems stalled. Time and again, Americans are told to look to Japan as...
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Bill Gross Warns of Financial Market Implosion
Bill Gross starts 2012 with a bang in a new note titled "Towards The Paranormal", with "paranormal" being an international successor to PIMCO's famous 'new normal' descriptor.
Gross' letter is very gloomy.
The world has too much debt, too little tr...
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Risk is Necessary for Adaptation, Innovation and Success
Ironically, perhaps, building a new sustainable future requires being fully exposed to what is considered "the source of our problems": risk, threat and failure.
While I write a lot about financial and systemic unsustainability, the primary driver...
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Priests of the Church of Central Bank Saviors
The markets whipsaw wildly, careening between faith and fear, betting one day that the world will come to an end and the next day that the gods of central banking will save us all. Considering what we know about the ungodliness of the bankers, that faith has no basis. The faithful Congregation of the...
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Hyper Hypothecation Scandal Will Trigger Massive Short Squeeze- Zero Hedge
Zero hedge claims that the hyper hypothecation scandal will trigger the mother of all short squeezes.
http://www.zerohedge.com/news/denials-begin-interactive-brokers-first-claim-it-
has-not-engaged-commingling-rehypothecation
In this environment, no...
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Stocks Go Nowhere and Europe Slips Deeper into Chaos
On the bright side, stocks could've done a whole lot worse given the persistent deterioration in Europe. First, the scoreboard:
Dow: -25.6 pts, -0.2%
S&P 500: -3.1 pts, -0.3%
NASDAQ: -18.5 pts, -0.8%
And now, the top stories:
After being closed f...
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EU Collapse Coming
European politics has become a giant Jenga game. Since June 2010 governments have fallen in the Netherlands, Slovakia, Belgium, Ireland, Finland, Portugal, Slovenia, Greece and Italy.
Why E.U. collapse is more likely than the fall of the euro
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Bank Run Going On Now In Italy
This interview aired on Irish public tv on friday. This economist is laying it out there. A full-fledged run is underway in his opinion. The euro's heading for collapse and its unraveling FAST.
I did include a link below but its not displaying. Go...
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A Brave New (Broken) World
I said it the other day, and I'll say it again.
The markets are broken.
It's not that they're not functioning on a daily basis, pricing risk and assets and performing their price discovery duties. They are doing that - or at least trying to.
Those are the little,...
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Housing Outlook Clouding Up Again, And It’s Not Just Supply
Housing data over the past month has weakened. Part of that is normal seasonality, but the drop in contracts on existing homes in September was the worst in percentage terms since the housing collapse began. Although I believe that the supply problem is overblown, the last thing the market needs is further weakening in...
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The Collapse of Our Corrupt, Predatory, Pathological Financial System Is Necessary and Positive
We are being throttled by the Big Lie: we're told that if the predatory financial system implodes, we'll all be ruined. The opposite is true: the only way to save our economy is to let the corrupt, pathological and flawed financial system implode.
...
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America’s Fragile "Hothouse" Economy
Financialization has led to a "hothouse" global economy where the slightest disruption in central bank/Central State intervention will cause the sickly flowers to wilt and expire.
Of the three great financial truths that have been left unspoken fo...
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Analysis: Wild market may send investors home early in 2011
Analysis: Wild market may send investors home early in 2011
On Tuesday November 1, 2011, 4:56 pm
By Steven C. Johnson
NEW YORK (Reuters) - So much for euphoria.
Having soared just days ago on a pledge by European leaders to prop up euro zone banks a...
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Why The SEC Won’t Hunt Big Dogs
Back when the Financial Crisis Inquiry Commission was doing its work, I would check in periodically with someone who worked there to find out how it was going.
"Good news!" my source would joke. "We got the guy who caused it."
That is the way I ...
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Bank’s Collapse in Europe Points to Global Risks
October 22, 2011
Bank’s Collapse in Europe Points to Global Risks
By GRETCHEN MORGENSON and LOUISE STORY
As Europe’s debt crisis has deepened, a recurring question is how much risk it poses to the United States economy, and especially American ban...
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Seven Prospective Corporate Bankruptcies
Ten companies with at least $100 million in assets filed for Chapter 11 bankruptcy last month - the most since April when 17 such companies filed. So far in October five more big companies have filed, including Friendly Ice Cream Corp. and Open Range Communications Inc.
One of These Banks is Europe’s Lehman Bros. – And We’re Going to Profit From Its Collapse
Back in July, I warned you that Europe probably had its own Lehman Bros. - an unstable financial institution on the brink of a collapse.
At the time, I didn't know exactly which institutions were most at risk.
Now I have a pretty good idea...
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House of Cronies: Is Freddie Mac Incompetent or Corrupt?
Three years since the collapse of Lehman Brothers, we're not any closer to purging the rot at the heart of our financial-regulatory complex. Last December, Bank of America agreed to pay $1.35 billion to Freddie Mac for nearly 800,000 faulty mortgage...
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Commodity Prices Headed for a Huge Drop
Minyanville > Markets
Commodity Prices Headed for a Huge Drop
By Erik Swarts Sep 30, 2011 2:40 pm
We may be at the back end of a historic super cycle in commodities, and the decline will help businesses and consumers while devastating emerging eco...
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Home Sales Contracts Better than Media, NAR report
The mainstream financial media is widely misreporting the NAR’s Pending Home Sales data this morning, simply parroting the NAR’s seasonally manipulated data. As it turns out, the NAR is screwing its own pooch because the actual, not manipulated data is actually much better than the seasonally smoothed numbers imply. That’s not to say sales...
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Goldman Rules the World!
http://www.zerohedge.com/news/bbc-speechless-trader-tells-truth-collapse-
comingand-goldman-rules-world
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Housing Market has Changed – Risks are not Recognized
Tags: Housing Market, Housing Market has Changed
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Everybody’s Broke! (well mostly)
This is just bad news for the conomy, the weakness being simply profound. Stock indices careening into a huge hole. Bonds prices through the roof! Lower rates mean absolutely nothing for mortgage owners that are underwater on their loan. Epic misery! F...
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Very real possibility
Quicky from FTAlaphavile -
1. - Ando | September 23 3:39pm it's still a long grinding stagnation story against a backdrop of global deflation, this is just one of the dramatic interludes
2. -
SilverFox | September 23 3:41pm | @ando mayb...
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Middle Class Death Watch
Middle Class Death Watch: As Poverty Spreads, 28% of Americans Who Were Part of the Middle Class Have Fallen Out of It
Editor’s Note: This is our first Middle Class Death Watch roundup. Building off of our extensive report on the financial destructi...
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Surge in all-cash buying signals end of ‘normal’ housing market
Back in May, I posted an article on Minyanville asserting that all-cash buyers have kept several major housing markets from collapsing. (See All-Cash Buyers Preventing Collapse of Housing Markets.) With new evidence in to support this claim, now is a...
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Mish mauls inflationists in this massive missive
Mike Shedlock, in a massive missive, found here:
http://globaleconomicanalysis.blogspot.com/2011/09/bernankes-waterloo-midst-of.
html
...presents a pretty compelling case for why deflation continues to scroom us all--notwithstanding the shrieking by ...
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SPX Update: Finally the Breakdown — What Next?
For a little more than a week, I've been calling a top, and talking about the roughly dozen different indicators which were screaming for this top in the 1250-1270 zone. On Thursday, the market finally honored my inc...
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