The mainstream media narrative – that Germany is ready and prepared for Grexit and that it is no longer a threat to financial stability – is all hype, according to German opposition finance minister Joachim Poss. As Bloomberg reports, all that is mostly posturing for an electorate tired of the aid and angst Greece has demanded since 2010. Simply put,…
Among all the public health threats, there is no question that antibiotic resistance champions the list. The problem of antibiotic use is paradoxical because the only treatment for some of the most deadly hospital associated infections (e.g., MRSA) is antibiotics, which, in turn, exacerbate resistance. Antibiotic resistance occurs when a bacteria loses sensitivity to a…
2015 has gotten off to some wild swings, to say the least. The past 2 days (4th and 5th day of a New Year) have been the strongest since 1950, pushing the S&P 500 up 2.97%. This comes on the heels of the S&P getting off to the third worst start in 65 years…
The Scots are superstitious about “first footing”, who first crosses your threshhold in the new year. And yesterday, the first full makret day for 2015 was a right bust. Today is Twelfth Night, Epiphany, the formal end of the Christmas season, but yesterday already hinted how things will play out. There may be no Santa…
As the glow fades from holiday festivities and New Year’s celebrations the view forward in 2015 is now becoming clear, more of the same. Sounds boring but when you consider what the returns from the prior four years were, I’ll take “more of the same” any day, month and year. Where we are and our…
Shares of Macy’s, Inc.’s (M – Analyst Report) fell 3.2% in yesterday’s after market trading session following the company’s announcement of extensive restructuring, including store closures and layoffs. The announcement overshadowed Macy’s decent holiday comps report. Analysts note that though the restructuring measures are impressive and will result in $140 million in annual cost savings beginning 2015, the…
I received an interesting question from reader Michael yesterday. Michael asked “Did the Real Economy, Not Counting Government, Expand in Last 20 Years?“ Reader Michael did not think so. Take a moment before reading further to think about how I might answer and how John Williams at Shadowstats might answer. My Response If the average…
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 323 = 17,907 SPX + 36 = 2062 NAS + 85 = 4736 10 YR YLD + .06 = 2.01% OIL + .08 = 48.73 GOLD – 2.20 = 1209.90 SILV – .16 = 16.48 Since 1928, the Standard & Poor’s 500 has…
The precedent was set in March of 2009 when Bernanke and Geithner threatened the wimpy accountants at the FASB and forced them to waive the mark to market accounting rules, so the Too Big To Trust Wall Street Criminal Banks could lie and produce fictitious financial statements. When you’re insolvent, just make up the numbers…
Back in May, when the world was still wondering who would step in and bid up US stocks now that the Fed has, if only for the time being, stepped away from indirectly monetizing $1 trillion in US risk every year courtesy of a POMO a day (keeping the short sellers away), we revealed that…
