A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ Unintended Consequences ’
Feedback, Unintended Consequences and Global Markets- Charles Hugh Smith
We cannot know that unintended consequences will always be destructive. Neither models nor projections have accurate track records in predicting the future.
It seems an appropriate time to re-examine why our ability to predict the future of co...
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Various Distorted, “Unintended” Consequences
“Inventories of manufactured durable goods in February, up twenty-six consecutive months, increased $1.6 billion or 0.4 percent to $373.7 billion. This was at the highest level since the series was first published on a NAICS basis in 1992 and followed a 0.6 percent January increase. Machinery, up twenty-three consecutive months, had the largest increase,...
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The Bad News Is That Market is Celebrating What Was, Not What’s To Come
The cash generated by the ECB’s second big LTRO operation hit the US banking system last week. At the same time the Fed is still pumping cash into Primary Dealer trading accounts, and it just completed a big mid month cash infusion. This was all part of the master manipulators’ master plan, of which...
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Chuckles
I got a laugh out of this headline:
Delta Airlines and the Pilots Association are suing the Exim bank for financing Air India. I think they have a great case. I hope they win.
Exim gives cheap money to India so it can buy Boeing planes. This story...
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Tomorrow Is A Big Day – Why Fed Should Not Act
Tomorrow is a big day, with the FOMC announcement and the Fed revealing what it wants you to think about what it thinks it’s going to think it wants you to think. Or something like that. This Fed “tranparency” thing has been covered to death in the mainstream media. I think it’s another utter...
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Liquidity Is Bullish Is All
Those who don’t know me well have sometimes accused me of being a permabear. Those of you who do know me via these reports know that I always strive to be just like Faux News, “fair and balanced.” I think this week’s report exemplifies that high ideal. It’s as bullish as I’ve ever been,...
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Will "Tax the Rich" Solve Our Deficit/Spending Crisis?
If we look at tax revenues and income in a practical way, we find "tax the rich" will not close the widening $1.5 trillion gap between Federal revenues and spending.
Clearly, $1.5 trillion annual Federal deficits to fund the Status Quo--fully 10% ...
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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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Nowhere to Run, Nowhere to Hide
I landed back in the USA Wednesday from Sweden. What a downer to be reminded that more people speak English in the foreign country you just came from, and to notice what a slum airport New York's JFK is. "Wretched refuse yearning to be free," the po...
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Threads In A Foreboding Tapestry
Two weeks ago I began to report to subscribers of the Wall Street Examiner Professional Edition Fed Report that foreign central banks (FCBs) had begun to engage in unprecedented levels of disgorgement of their massive holdings of US Treasury and Agency paper. Prior to this year, the FCBs had typically absorbed the equivalent of...
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The Fed’s Most Dangerous Game: Checkmate
The Fed can only choose the least-worst option now: either destroy the real economy by sinking the dollar below support and unleashing the Inflation Monster, or abandon the "risk trade" stock market rally.
The Fed's game plan--sink the U.S. doll...
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Stock Market Warning Sign: There Goes the First Sector
I’ve been saying for more than a year now that the unintended consequences of QE would be to spike inflation, which in turn would poison the global economy. I knew all along that Ben was never going to create any jobs by printing money and of ...
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Second Phase Housing Crash Hidden From Public – Professional Edition
A hidden catastrophe is unfolding in the US housing market. Mainstream media outlets are not telling the story because they are focused on misleading data like the just released Case Shiller Index which showed only a small decline in September. In reality, real time market data indicates that the housing market is undergoing a...
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Radio Free Wall Street 8/3/10
Russ Winter and Lee Adler discuss the QE 2 schizo trade, the worthless China development projects, government pink slips, inevitable military industrial cuts, the costs of extend and pretend in commercial real estate, the unwillingness of people to bor...
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THE Riddle Has Been Solved
Many readers will think that the last person whose opinion should be consulted on the issue of rating agency reform is a former rating agency employee. Maybe they’re right, but I did learn one thing from rating hundreds of complex securities. Contrar...
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THE Riddle Has Been Solved
Many readers will think that the last person whose opinion should be consulted on the issue of rating agency reform is a former rating agency employee. Maybe they’re right, but I did learn one thing from rating hundreds of complex securities. Contrar...
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Fed Twitters While Athens Burns- Professional Edition
This week we finally got to see what happens in the market when the Fed stops propping in the midst of a year long liquidity collapse, which had been papered over by the Fed’s cash infusions. We can only wonder what the Fed’s next step will be, which is, I am sure, what the...
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The More The Fed Fiddles… Professional Edition
The Case Shiller Index of US housing prices for November has essentially turned flat over the past two readings. As usual, it is understating the real weakness in the market. Meanwhile the Fed announced that it will tinker with how it sets interest rates. Recent history has shown, the more the Fed tinkers, the...
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All Talk and No Action – Professional Edition Fed Report
This was the week the Fed threatened to balloon its balance sheet to whatever extent necessary to reflate the economy. In spite of all the histrionics when we drill down into the balance sheet the Fed seems yet again to be more form than substance. They may want to reflate, but as I examine...
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Radio Free Wall Street 12/17/2008
Lee Adler and Russ Winter discuss important market developments including the unintended consequences of the Fed move, the $53 billion Treasury paydown, and what strategies look best. Not a subscriber? Click here for a free extended preview of this podcast.
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