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While we have previously observed the massive glut of oil product in the US, which has led to such arcane developments as a “parking lot” of oil tankers outside of Galveston, TX… … or ships loaded to the brim with crude making U-turns in the middle of the Atlantic Ocean, taking advantage of the supercontango […]

Authored by Paul Craig Roberts, The US economy died when middle class jobs were offshored and when the financial system was deregulated. Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, because lower labor and compliance costs resulted in higher profits. These profits flowed through to shareholders in the form of capital gains and to […]

When one week ago we presented the latest Chinese ghost city being built on the edge of Nanning, immediately thousands of readers flocked to observe its sterile, pointless, yet very curious existence. The reason, perhaps, is that there is something oddly morbid, grotesque and yet fascinating about the clinical emptiness of China’s relentless attempts to […]

Having warned – correctly – of the impending collapse of the US credit markets last year, it just seems ironic that Carl Icahn’s firm has been downgraded to “watch negative” from stable by S&P, implying a cut to junk may be imminent. Just as we detailed earlier, activist investors have suffered greatly in the oil […]Read More

With 5 of their Top 6 trades for 2016 already stopped out, and their recent heavy losses from swing-trading Gold, one might question the demand for an ETF that tracks Goldman Sachs’ hedge fund research tips, but, as Bloomberg reports,  David Kostin’s “Hedge Fund Trend Monitor” report – tracking the 50 companies that matter most […]Read More

Submitted by Claire Bernish via TheAntiMedia.org, Canada’s Cape Breton Island has become the unofficial escape option for their neighbors to the south should Donald Trump manage to be elected the next president of the United States. A website promoting the plan greets visitors with the following: “Hi Americans! Donald Trump may become the President of […]

Submitted by Eric Bush via Gavekal Capital blog, Stock prices and oil prices have been moving in a more positive correlated fashion recently than at any point since 1980. The 65-day correlation between Brent Crude Oil and MSCI World Index peaked at 52% on 11/13/2015 and has since fallen back a bit to 41%. The 200-day moving average […]Read More

“We are either already in a recession or rapidly moving towards one,” warns billionaire investors Sam Zell. A stunned Maria Bartiromo is shocked to hear from Zell that world trade has slowed dramatically and currency wars and election uncertainties have contributed to this. Most shocking of all to the Keynesian pump-primers (and oil bulls) is […]

BofA’s HY credit strategist Michael Contopoulos, whose work we have recently presented on several occasions, has been rather dour over the past year on the future of HY debt, as the junk bond market first descended into purgatory, and then right into the 9th circle of hell, courtesy of a collapse in the energy sector […]

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com’s Pater Tenebrarum), Control, Tax, Confiscate Harvard economist Larry Summers is a reliable source of claptrap. And a frequent spokesman for the Deep State. To bring new readers up to speed, voters don’t get a say in who runs the country. Instead, a “shadow government” […]Read More

On Thursday, we revealed something truly shocking: ISIS is no longer handing out free Snickers bars and Gatorade to its fighters. Apparently, the cash crunch created by Russia’s unrelenting assault on the group’s illicit oil trafficking operation has left Abu Bakr al-Baghdadi with little choice but to cut salaries by 50% and eliminate some of […]

Having successfully called the market’s retreat in the fall of 2015, Universa’s Mark Spitznagel is not taking a victory lap as he warns Bloomberg TV that “the crash has only just begun.” Investors are facing the most binary “let’s make a deal” market in history in Spitznagel’s view: choose Door #1 to bet on Keynesianism, […]Read More