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Once upon a time, in the distant 2005 and 2006, the world just couldn't get enough of such subprime mortgage superstars as New Century Financial. In fact, some may have forgotten, but none other than David Einhorn was a director of New Century until March 2007, when suddenly everything fell [...]
Tue, Oct 21, 2014, Continue reading at the source
Submitted by Charles Hugh-Smith of OfTwoMinds blog, What I see as extremes that must necessarily end badly, others see as mere extensions of recently successful policies and trends. A long-time reader recently chastised me for using too many maybe's in my forecasts. The criticism is valid, as "on the other [...]
Tue, Oct 21, 2014, Continue reading at the source
Activist Post Every single day carries a new story (or stories) about egregious assaults by police against the citizens who have entrusted (and paid) them to serve and protect. Even the Bureau of Justice Statistics had to conclude recently that police brutality is grossly unchecked across the nation by the political [...]
Tue, Oct 21, 2014, Continue reading at the source
Russia's foreign minister said his country won't accept conditions to end sanctions after talks in Italy failed to produce a breakthrough over the truce in Ukraine's conflict-ridden east. Russia has been told to comply with various criteria before the U.S. and its allies revoke the limitations, Sergei Lavrov said in a [...]
Tue, Oct 21, 2014, Continue reading at the source
UPDATE: And then this happened... As every good Keynesian 'knows', broken-windows are good for the economy; so that must mean that 'broken markets' are good for the... markets? Having started to fade after the opening ramp, since the NYSE broke, stocks have levitated linearly... [...]
Tue, Oct 21, 2014, Continue reading at the source
Tue, Oct 21, 2014, Continue reading at the source
One of the items overlooked by the MSM regarding the dismal economic “recovery” of the last five years is the complete decimation of the self-employed. There are currently 10 million people classified as self-employed in US. That's 5% of the total workforce. Incidentally this is also a record [...]
Tue, Oct 21, 2014, Continue reading at the source
A young university student at the centre of the Whitehouse Institute secret scholarship story is facing up to two years jail. Max Chalmers reports. A 21-year-old journalism student at the University of Technology, Sydney will face a Sydney Court this week to be sentenced for accessing student records that showed the [...]
Tue, Oct 21, 2014, Continue reading at the source
As a Texas state senator, Dan Patrick has conducted himself in a manner consistent with the shock jock he once was. Patrick—who is now the Republican nominee for lieutenant governor—has railed against everything from separation of church and state to Mexican coyotes who supposedly speak Urdu. He's even advised his [...]
Tue, Oct 21, 2014, Continue reading at the source
Barack Obama and the Federal Reserve are lying to you. The "economic recovery" that we all keep hearing about is mostly just a mirage. The percentage of Americans that are employed has barely budged since the depths of the last recession, the labor force participation rate is at [...]
Tue, Oct 21, 2014, Continue reading at the source
As if the world didn't have enough to be worried about (ISIS, Ebola, slowing China, Ukraine, slowing Germany, Fed tightening, etc.) now look what's back: Greece. And in a big way. The stock market is down over 9% on Wednesday, which is about as big as crashes come. [...]
Tue, Oct 21, 2014, Continue reading at the source
October 16: "Buyers beware, the bear market has begun": The selloff in global markets is set to continue as a bear market takes hold "for a long period of time," according to widely followed investor Dennis Gartman, who warned investors not [...]
Tue, Oct 21, 2014, Continue reading at the source
The NYSE has given up on re-opening the following 150 symbols in cash equities trading today... (including AAPL, XIV, and TVIX) and here are the affected symbols... That's great news... [...]
Tue, Oct 21, 2014, Continue reading at the source
Counter Punch :On Microsoft Medicine [...]
Tue, Oct 21, 2014, Continue reading at the source
We have all seen it countless times before: visual confirmation that without the Fed's (and all other central banks') liquidity pump, the S&P would be about 70% lower than were it is now. Most recently, this was shown last Friday in "Another Reminder How Addicted Markets Still Are To [...]
Tue, Oct 21, 2014, Continue reading at the source
The following guide has been contributed by Todd Savage as the second part of the ‘Strategic Relocation Bugging Out: Dreams vs. Reality' series. Click to read Part I: The Gut Wrenching Reality: One of the Best Bug-Out Strategy Guides You'll Ever Read If you've ever wanted to know how a professional [...]
Tue, Oct 21, 2014, Continue reading at the source
You know there's a problem with the media when Al-Jazeera is trusted more than NBC, CNN, and MSNBC. As Pew research's Journalism Project shows in the following table, the study attempted to measure not just whether people had heard of a variety of news sources, but which ones they really [...]
Tue, Oct 21, 2014, Continue reading at the source

Written by Rod

September 27th, 2013 at 9:27 pm

Posted in