Jun 02 12:02


Jun 02 11:29

Last Two Times This Happened, Stocks Crashed

Jun 02 11:10

Record Margin Debt: Tailwind Or Bubble?

Jun 02 10:13

Here's What Happens When Your City Is Cut To Junk

The Moody’s downgrade triggered some $2 billion in accelerated payment rights for creditors and also complicated Emanuel’s efforts to refinance $900 million in floating rate notes and pay down $200 million in related swaps. This underscores how a ratings agency downgrade can quickly cause a chain reaction that is self-feeding and can further imperil already beleaguered city finances. Citi has more on the “ratings agency feedback loop”:

Jun 02 10:07

Wall Street Banker Deaths Continue; Where Are the Serious Investigations?

Last Thursday, 29-year old Thomas J. Hughes, later described by his brother as “one of the happiest people I know,” allegedly took his life by jumping from a luxury apartment building at 1 West Street in Manhattan. Before any serious investigation had taken place, the New York tabloids had dismissed the matter as a suicide. Hughes was an investment banker on Wall Street.

In any serious investigation, law enforcement is required to look at any potential motive for foul play. But when it comes to serial deaths among Wall Street bankers and technology personnel, occurring repeatedly over the last 18 months in highly unusual circumstances, the deaths are almost instantaneously labeled non-suspicious by the police. But there are two glaring motives for foul-play in almost all of these deaths involving Wall Street or global banks.

Jun 02 09:33

Gold Pops Again – Something Ominous Is Brewing

When the sharks start feeding on each other, you know the food supply is running out. – good friend of mine in NYC who wishes to remain anonymous

Jun 02 09:33

Hegemony Games: USA vs. PRC

The most important political relationship in today’s world is between the United States of America and the People’s Republic of China (PRC). Whichever way the relationship goes will have a major impact on global developments for many decades. Big changes are beginning to take shape. Matters of peace or war are involved.

Jun 02 09:17

Washington Blows Itself Up With Its Own Bomb. US Strategy Backfires

These are sad days in Washington and Wall Street. The once unchallenged sole Superpower at the collapse of the Soviet Union some quarter century ago is losing its global influence so rapidly that most would not have predicted anything comparable six months ago. The key actor who has catalyzed a global defiance of Washington as Sole Superpower is Vladimir Putin, Russia’s President. This is the real background to the surprise visit of US Secretary of State John Kerry to Sochi to meet with Russian Foreign Minister Sergei Lavrov and then a four hour talk with “Satan” himself, Putin.

Far from a “reset” try, Washington’s hapless geopolitical strategists are desperately trying to find a better way to bring the Russian Bear to her knees.

Jun 02 08:26

JPMorgan Tech Workers Have New Conspiracy Theories

The fact that JPMorgan Chase holds an estimated $179 billion in life insurance on its workers, and in some cases, prior workers, whose death benefit pays to the bank not the family of the employee, has raised concerns of more than just trading conspiracies at JPMorgan Chase.

Now, according to Sarah Butcher at EFinancialCareers, at least two executives at JPMorgan have forbidden their technology workers from explaining exactly what they do at the bank on their LinkedIn profiles. One tech worker imagines that it’s a plot to restrict their ability to market their skills to prospective competitors as JPMorgan moves tech workers from the glitter of London to cheaper corporate digs in Bournemouth, England or Glasgow, Scotland. Says one worker, according to Butcher, “We’ve been joking that the plan is to make us technologists invisible in the market and then forcing us to move to Bournemouth or Glasgow.”

Jun 02 07:43

New Home Sales on the Rise

After a new report showing that new home sales were up in April, the economy is looking better too.

Jun 02 03:24

France sees big rise in unemployment rate

The French government's desperate efforts to stem the rise in unemployment continue to have little impact as the jobless rate rose to a fresh record high in April, new stats revealed. However ministers remain optimistic.

Jun 02 02:20

Gratuitous Democracy or Banking Concentration Camp

The transfer to cashless transactions means the construction of global "concentration camp" supervised by bankers. All transactions will be monitored by electronic means. Cashless account holders will have their behavior and even thoughts under control. In case of "deviations" accounts will be blocked. In practice it will be a death sentence. The 100% cashless world will turn into a concentration camp with prisoners sent to the otherworld without gas chambers and executions.

Jun 01 20:43

More Top Heavy, More Republican: The 1% of the 1% Over Time

One lesson of the 2014 election cycle was that more money came from fewer people.

And a look at the political One Percent of the One Percent of Americans — the top 31,000 or so donors, roughly equal to one percent of one percent of the U.S. population — over the last three elections bears that out: The money coming from this select demographic is increasing and it is leaning more conservative. What's more, even within the top .01 percent, the donors at the very peak are contributing more and more of the money.

Jun 01 19:30

Economy Is Picking Up Despite Stingy Consumers

(*despite stingy consumers ? REALLY ?
Somebody's got to talk to MY BOSS , then .
Look , you can't go into Wal*Mart , with a $20. bill , and fill up a cart with $50. worth of merchandise , and make it passed the register without putting a couple of things back .
You can't explain to them; 'but I work in a slave pit of a sweat shop , and I only make [UNMENTIONABLE AMOUNT] per hour' , you're still putting things back .
And then , We become the STINGY CONSUMER who's laboring to disrupt the economy , but despite us , they hose us into beli~eving that the economy is Picking Up .
A prime example of Horse $#!^ coming and going !)

Jun 01 18:25

Charting Hot Spots In The Real Estate Sector

Jun 01 18:11

John Rubino – Is the US Headed For A Recession?

Jun 01 17:19

5 Job Lose Prestige

Thanks to our changing job market — and the fact that college and graduate school costs have ballooned — some of these formerly brass-ring jobs are losing their luster.

Jun 01 16:27

Why was TPP fast-tracked? Follow the money

The actual contents of the Trans Pacific Partnership are extremely confidential. We are not allowed under any circumstances to know the details of this agreement. Anyone who might want to inform us what is in the bill has been warned that they could face prison time for doing so. So, just how did TPP suddenly get fast-tracked, when there was so much public opposition? Simple, as usual, follow the money.

Jun 01 15:18

Is The Stock Market Overvalued?

Are stocks overvalued? By just about any measure that you could possibly name, stocks are at historically high prices right now. From a technical standpoint, the stock market is more overvalued today than it was just prior to the last financial crisis. The only two moments in U.S. history that even compare to our current state of affairs are the run up to the stock market crash of 1929 and the peak of the hysteria just before the dotcom bubble burst.

Jun 01 15:17

Trendies Ready for Ultimate Wearable: “Chip Implanted in Their Skin Used for Payments”

The Mark of the Beast is more almost here than ever before. A poll found that 25% of the population is ready to make payments via an RFID implant.

A mind-boggling 25% of Australians say they are at least “slightly interested” at the prospect of having a chip implanted in their skin that could be used for payments, new research has found.


Jun 01 15:02

The Federal Reserve Board's Payroll Tax on Our Children

The Fed's tax hikes are far more costly to ordinary workers than any conceivable tax increase would be.

The deficit hawks appear to be making a comeback, at least in the media, if not among the public at large. This isn’t surprising since we have billionaires prepared to spend large chunks of their money to scare people about the deficit, regardless of how unimportant it might be as an economic concern.

Jun 01 14:42

How Much More Extreme Can Markets Get?

In blow-off tops, extremes of valuation, complacency and margin debt can always shoot beyond previous extremes to new extremes. This is why guessing when the blow-off top implodes is so hazardous: extreme can always get more extreme.

Jun 01 14:34

IMF lowers Ukraine's 2015 growth projection to minus nine percent

The IMF said Sunday it has lowered its growth forecast for Ukraine's war battered economy to minus nine percent, due in large part to "the unresolved conflict in the East."

Jun 01 13:40

Closure of nine metro Denver Safeways has ripple effects on retailing

Safeway's decision to close nine metro Denver stores is leaving a troublesome gap for customers, shop owners and landlords alike.

The grocery chain will close the stores — spanning from Castle Pines to Thornton — on June 13. Safeway said the locations haven't been profitable.

As the stores go dark, a ripple effect begins.

Jun 01 13:38

The Hunger Games: New CBS reality show exploits poor families by making them grovel for $101,000

As if to prove there are new depths to be plumbed in the world of reality television (because who knew?), CBS just debuted The Briefcase, a show which takes poverty porn, class anxiety, emotional manipulation and exploitation and packages them all neatly into a pretty despicable hour of primetime television. Kicking off each episode with the question, “What would you do with $101,000?” the show then deep-dives into a competition that asks two unwitting, financially strapped families to choose between two no-win options: being financially solvent yet appearing heartless and greedy, or drowning in debt yet having audiences recognize them as selfless and giving.

Jun 01 12:53

Joseph Salerno: The War on Cash

Governments, at least modern western governments, have always hated cash transactions. Cash is private, and cash is hard to tax. So politicians trump up phony reasons like drug trafficking and money laundering to win support for bad laws like the Bank Secrecy Act of 1970, which makes even small cash transactions potentially reportable to the Feds.

Jun 01 12:40

Ex-Im Bank Is Welfare for the One Percent

This month Congress will consider whether to renew the charter of the Export-Import Bank (Ex-IM Bank). Ex-IM Bank is a New Deal-era federal program that uses taxpayer funds to subsidize the exports of American businesses. Foreign businesses, including state-owned corporations, also benefit from Ex-IM Bank. One country that has benefited from $1.5 billion of Ex-IM Bank loans is Russia. Venezuela, Pakistan, and China have also benefited from Ex-IM Bank loans.

Jun 01 12:31

Rule By The Corporations: who needs governments?

The Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. "Free trade" is used as a disguise to hide the power these agreements give to corporations to use law suits to overturn sovereign laws of nations that regulate pollution, food safety, GMOs, and minimum wages.

Jun 01 12:07


But as vast and powerful as the global financial computer system is, it lacks sentience, self-awareness, certainly a conscience, or any sympathy for the humans whose labor provides the raw "food" to feed that system.

In searching for a way to demonstrate the behavior of the global computer finance system, I was struck by the image of slime-mold growth shown on a recent documentary.

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Jun 01 11:59

How Much Gold Should You Own?

Jun 01 11:33

What China's New Facial Recognition ATM Says About the Future

By Nicholas West

In what has become a common refrain in all security circles, the elimination of privacy is a necessary tool needed to provide a solution.

China is invoking the threat of financial fraud to usher in a new system of facial recognition ATMs that not only will link to an "identity database" but also will scan cash for counterfeit currency...

Jun 01 10:59

Government is preparing to seize 401(k) retirement plans

In what may soon prove to be a landmark case, last week the U.S. Supreme Court ruled that employers have a duty to protect their employees from mutual fund companies whose fund options for 401(k)’s underperform or charge unnecessarily high fees.

The case, Tibble vs Edison, has set the stage for what could be a very slippery slope – a slope on which the U.S. government could intervene whenever it believes a 401(k) is not adequately performing.