“A shocking crime was committed on the unscrupulous initiative of few individuals, with the blessing of more, and amid the passive acquiescence of all.” Tacitus, Publius Cornelius The shocking crime being committed during this century […]
by Tyler Durden As we noted over the weekend, everyone’s all-in… Despite 77% of CFOs now admitting the market is significantly overvalued, retail investor (super) sentiment, via the CNN Fear and Greed Index, has printed at all time series highs. What about institutional sentiment? Well, contrary […]
CHARLES HUGH SMITH The global economy and financial system are both running on the last toxic fumes of financialization and globalization. For two generations, globalization and financialization have been the two engines of global growth […]
The stock market reached new all-time highs. This has occurred because the Federal Reserve’s ‘quantitative easing’ never really ended. Instead of consulting Congress like they did in 2008, the Fed simply creates currency out of […]
by Tyler Durden In previewing today’s Fed statement regarding repurchase operations, on Tuesday Curvature Securities repo expert Scott Skyrm said that he expects the Fed to announce a $50 billion (at least) term operation for Monday December 23 […]
Not only will events outrun Plan B, they’ll also outrun Plans C and D. We all know what Plan B is: our pre-planned response to the emergence of risk. Plan B is for risks that can be anticipated, regular […]
by Jeff Thomas . International Man: Before 1913 there was no income tax, and the United States was a much freer country. Initially, the government sold the federal income tax to the American people as something […]
Can $300 billion, or $600 billion, or even $1 trillion continue to prop up an increasingly risk-riddled, fragile $330 trillion global bubble in overvalued assets? When is “Not-QE” QE? When Federal Reserve Chairperson Jerome Powell […]
“Secrecy begets tyranny.” ― Robert A. Heinlein, Stranger in a Strange Land “Thinking doesn’t pay. Just makes you discontented with what you see around you.” ― Robert A. Heinlein, Stranger in a Strange Land When I read quotes by […]
BY BRIAN MAHER As a bad penny returns to its sender, or a dog returns to its vomit… investors are returning to the stock market. “All in” these gentlemen and ladies are going (or at least […]
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