CNN Tests "Fixed" Obamacare Website And… It Crashes

 ’If you think health care is expensive now, wait until you see what it costs when it’s free.’        -  P.J. O’Rourke If CNN was doing its best this morning to prove that the second coming of healthcare.gov is fixe… [...]

Obama Administration Admits "There Is More Work To Be Done" As Healthcare.gov Relaunches

While even the most naive private sector cyber-experts knew well in advance that an effective rewrite of Obamacare’s 500 million lines of code would take a “little longer” than the month promised by the government in advance of the November 30 fix dead… [...]

Metallic Money (Gold/Silver) vs. Credit Money: Know The Difference

Submitted by Charles Hugh-Smith of OfTwoMinds blog, Longtime correspondent Jeff W. succinctly explains the difference between metallic money (gold and silver) and credit money. You've probably read many articles about money–what it is (store of va… [...]

With A GAAP PE Of 19x, "Growth Is All That Matters Now"

In a market in which “one-time, recurring adjustments” such as JPM’s quarterly (and quite recurring) multi-billion addbacks consistently mean the difference between meeting and beating expectations for corporations, one long-forgotten aspect of earning… [...]

ObamaScare – The Uncomfortable Truths

With delays, glitches, and broken promises plaguing the President’s healthcare reform, it is perhaps surprising that the level of coverage among the mainstream media of the SNAFU – and more importantly its potential implications – is not higher. Of cou… [...]

Howard Marks: "Markets Are Riskier Than At Any Time Since The Depths Of The 2008/9 Crisis"

In Feb 2007, Oaktree Capital's Howard Marks wrote 'The Race to the Bottom', providing a timely warning about the capital market behavior that ultimately led to the mortgage meltdown of 2007 and the crisis of 2008 as he worried about "c… [...]

"I Fear For What’s Coming" – 68% Of Americans Believe The Country Is On The Wrong Track

Submitted by Michael Snyder of The Economic Collapse blog, Are you deeply concerned about the future of America?  Is something in your gut telling you that our system is fundamentally broken and that the mainstream media is not telling you the tru… [...]

Consumer Confidence Misses (Again), Tumbles To Lowest In 7 Months

No matter what measure of confidence, sentiment, or animal spirits one uses, the consumer is not encouraged by the record-er and record-er highs in the US equity market. The Conference Board's consumer confidence data missed for the 2nd month in a … [...]

Goldman Reveals "Top Trade" Recommendation #2 For 2014: Go Long Of 5 Year EONIA In 5 Year Treasury Terms

If yesterday Goldman was pitching going long of the S&P in AUD terms (the world renowned Goldman newsletter may cost $29.95 but is only paid in soft dollars) as its first revealed Top Trade of 2014, today’s follow up exposes Top Trade #2: which is … [...]

Futures Go Nowhere In Quiet Overnight Session

In fitting with the pre-holiday theme, and the moribund liquidity theme of the past few months and years, there was little of note in the overnight session with few event catalysts to guide futures beside the topping out EURJPY. Chinese stocks closed a… [...]