Stephen Roach: “Central Banking Has Lost Its Way, Is In Crisis”
Authored by Stephen Roach, originally posted at Project Syndicate, In what could well be a final act of desperation, central banks are abdicating effective control of the economies they have…
The Global Oil Glut Is So Great, Tankers Take The Long Route Around Africa To Find A Buyer
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…
The US Economy Has Not Recovered And Will Not Recover
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…
Photographs Of The “Surreal, Uncanny” Emptiness Of China’s Ghost Cities
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…
Irony? “Credit Crash Warning” Icahn May Be Cut To Junk By S&P
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”…
Canadian Island Launches “Move Here If Trump Wins” Campaign To Americans
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…
A Guaranteed Way To Make Money: Short Goldman’s “Hedge Fund VIP” ETF
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…
Correlation Between Oil And Stocks Highest Since 1980
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…
Sam Zell:”We Are Already In Recession”
“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…
Bank of America: “Corporate Balance Sheets Are The Most Unhealthy They Have Ever Been”
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…