China Now Risks "Financial Crisis"; Loses Could Be "In The Trillions" BofA Says »

“Regarding the deleveraging process in the market, in our view the government started too late & without adequate preparation for the potential downside. We suspect because it didn’t know the true extent of shadow margin financing activities.”  That’s…

Jul 8 2015 / Read More »

"UberCab" vs. Al Gore' $90 Trillion Plan to Rid World of Cars: Uber CEO Asks Tesla for 500,000 Autonomous Cars in 2020; Peak Cars? »

A few days ago I received an email from yet another naysayer telling me that I was wrong about self-driving cars and we would not…

Jul 8 2015 / Read More »

Cronyism Pays: Eric Holder Triumphantly Returns To Law Firm That Lobbies For Banks »

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Trying to determine Barack Obama’s most corrupt, crony appointee presents a…

Jul 8 2015 / Read More »

Presenting China's Plunge Protection Playbook »

Earlier today we were amused (but not at all surprised) to learn that Beijing's latest strategy in the fight to rescue collapsing…

Jul 8 2015 / Read More »

Financial Nonsense Overload »

Submitted by Dmitry Orlov via Club Orlov blog, “Those whom the gods wish to destroy they first make mad” goes a quote wrongly attributed…

Jul 8 2015 / Read More »
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Ambrose Evans-Pritchard: Tsipras Never Wanted to Win Referendum, is “Trapped” and “Depressed,” Syriza in “Turmoil” (Updated) »

Ambrose Evans-Pritchard has a bombshell report: Syriza never wanted to win the referendum and is now desperately contending with events that are spinning out of his control.

Jul 8 2015 / Read More »

Just One Chart »

Brace yourselves...     Chart: Bloomberg

Jul 8 2015 / Read More »

Surprise! CEOs Are Getting Rich By Buying Back Stock »

By now, there should be no doubt about who to thank for the record highs US stocks have put in this year. Investors should direct their appreciation first to the FOMC and second to corporate management…

Jul 8 2015 / Read More »
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Write-Offs: 7.8.15

Bargain hunters head for Mykonos; JPM adding jobs; Hulk Kogan sex tape trial gets date; "Bolivian Restaurateurs Invent Quinoa Communion Wafers For Pope"; and more.

Jul 8 2015 / Read More »
How the U.S. is headed for a complete societal collapse! The most important film of all time!

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