Author's posts
Jan 02
The Keynesian Recovery Meme Is About To Get Mugged, Part 2
From David Stockmans Contra Corner Our point yesterday was that the Fed and its Wall Street fellow travelers are about to get mugged by the oncoming battering rams of global deflation and domestic recession. When the bust comes, these foolish Keynesian proponents of everything is awesome will be caught like deer in the headlights. That’s because they view the world …
Jan 02
Today’s News 2nd January 2016
Why Did The Pentagon Falsify Reports About Military Successes In Fight Against ISIS? Via tamarlomidze blog, December 11, 2015 Republicans from the House of representatives of the U.S. Congress announced the creation of a special task team that will investigate the facts of distortion of data about the operations of the coalition in Iraq and …
Jan 01
Today’s News 1st January 2016
HaPPY NeW FeaR 2016 . Slope's Best Posts of 2015 Slope of Hope celebrated its 10th anniversary last March, and during the course of 2015, thousands of interesting charts and articles were published. Here’s a sampling of the best of them: The Charlie X Solution – my response to the Charlie Hebdo killings. I …
Dec 31
The Keynesian Recovery Meme Is About To Get Mugged, Part 1
From David Stockman’s Contra Corner – davidstockmanscontracorner.com Yellen said at least one thing of importance last week, but not in a good way. She confessed to the frightening truth that the FOMC formulates its policies and actions based on forecasts of future economic developments. My point is not simply that our monetary politburo couldn’t forecast its way …
Dec 31
Today’s News December 31, 2015
Swiss Army Chief Warns Of Social Unrest, Calls Upon Citizens To Arm Themselves Swiss army chief André Blattmann warned, in a Swiss newspaper article on Sunday, the risks of social unrest in Europe are soaring. Recalling the experience of 1939/1945, Blattman fears the increasing aggression in public discourse is an explosively hazardous situation, and advises …
Dec 30
Today’s News December 30, 2015
China Suspends Foreign Banks' FX Trading As Offshore Yuan Spread Signals Massive Outflows For the first time since the August collapse, Offshore Yuan is trading over 1000 pips weaker (relative to the USDollar) than onshore Yuan, signalling outflows are once again escalating. Following the chaos in HIBOR money-markets, Offshore Yuan has crashed to 6.5970 (below …
Dec 29
Today’s News December 29, 2015
Falling Interest Causes Falling Profits by Keith Weiner Most people assume that prices move as a result of changes in the money supply. Instead, let’s look at the effect of changes in interest. To start, consider a hamburger restaurant. Suppose that the average profit in the burger business is ten percent of invested capital. …
Dec 28
Today’s News December 28, 2015
Something Just Snapped Again In China We have seen this pattern before. In August, the first thing to tumble was Yuan FX rates, then money market rates exploded, and then the stock market tumbled. While it is a little premature, today's sudden plunge in Chinese stocks (as the afternoon session opens) following last week's spike …
Dec 27
Today’s News December 27, 2015
Washington's "Empire Of Chaos" & The Cold War 2.0 'New Normal' Authored by Pepe Escobar, Op-Ed via RT.com, In his seminal 'Fall of Rome: And the End of Civilization,' Bryan Ward-Perkins writes, "Romans before the fall were as certain as we are today that their world would continue forever… They were wrong. We would be …
Dec 26
Today’s News December 26, 2015
Caught On Tape: Russian Fighter Jets Destroy Huge ISIS Oil Convoy In Transit To Turkey One month ago, after a farcial year-long campaign to “destroy” ISIS, which achieved absolutely nothing but made the Islamic State grow bigger and stronger, culminating with the numerous terrorist attacks in the month of November, former CIA deputy director Michael …
Saving...