From Michael Krieger of KAM LP War is the growth hormone of the cancer that is big government. – Alex Jones A government always finds itself obliged to resort to inflationary measures when it cannot negotiate loans and dare not levy taxes, because it has reason to fear that it will forfeit approval of the [...]
It seems that with the amount of Austrian/Libertarian extremists here at zerohedge that anything that remotely appears as a criticism to their orthodoxy is immediately tarred and feathered. For instance, my last post went vastly misunderstood. The reason that I (and most “establishment” economists) invoke rational expectations is not out of shear ignorance of Austrian [...]
I’m sorry I’m late getting my letter out today. I was racing home from San Francisco on Highway 24 when the California Highway Patrol pulled me over for doing 80 mph in a 65 mph zone. The officer asked me where the fire was, and I told him I was rushing back to my office [...]
Not China, not Russia, not North Korea, not Iran, not terrorists…According to Admiral Mike Mullen, the Chairman of the Joint Chiefs of Staff, the “single biggest threat” to American national security is the US national debt, which is either $8.85 trillion (public debt), $13.4 trillion (total national debt), $20 trillion (total debt including GSE debt), [...]
Goldman’s David Kostin continues to pitch the firm’s recent “SIRP” investment strategy, highlighting that while the S&P was down 0.6% in the past week, the recommended trade of buying low operating leverage companies (long <GSTHOPLO> / short <GSTHOPHI>), was up 1.5%, while a recent push into dividend payers resulted in a 1.2% move higher in [...]
The firm that was long the biggest bull on Wall Street, Morgan Stanley, with its initial 5.5% target on 10 Years by the end of 2010, has finally folded: “We are downgrading our outlook for second-half growth to 2-2.5% from 3-3.5% previously. This downgrade from above-trend to below-trend growth has important implications for forecasts of [...]
By Dian L. Chu, Economic Forecasts & Opinions While the fierce 3PAR bidding war is becoming even more exciting than a live Sotheby auction, the most active market sector in terms of consolidation is undeniably Technology, and there is a reason for this wave of M&As. At the forefront of any analysis it is always important to follow the [...]
Via Pension Pulse. Bruce Friesen of Global Investment Solutions forwarded Randall Forsyth’s article which appeared in Barron’s earlier this week, Deflation: the Neutron Bomb of Balance Sheets: Low interests rates have made these the best of times for borrowers but the worst for savers and investors. Blue-chip corporations never had it so good with [...]
In our attempts to simplify the comprehension of the ongoing serfdomization of the US population, we would like to present one of the more persuasive charts which the administration would likely be loath to demonstrate. Having collated monthly data from the FMS’ Daily Treasury Statement on incremental tax revenues (individual, gross), and new debt issuance, [...]
The Narrow Road to the Deep North: Fixed Income Skew and Signatures of Japanification (pdf) Submitted by JM Attachment Size The Narrow Road to the Deep North III.pdf 302 KB
