3 Times As Many Americans Supported King George During the Revolutionary War than Support Our OWN Congress Today

When Congress’ approval rating was in the double-digits, polls showed that it was less popular among the American public than cockroaches, lice, root canals, colonoscopies, traffic jams, used car salesmen, Genghis Khan, Communism, North Korea, BP… [...]

3 Times As Many Americans Supported King George During the Revolutionary War than Support Our OWN Congress Today

When Congress’ approval rating was in the double-digits, polls showed that it was less popular among the American public than cockroaches, lice, root canals, colonoscopies, traffic jams, used car salesmen, Genghis Khan, Communism, North Korea, BP… [...]

Macro Considerations

The macro picture remains largely unchanged. Janet Yellen is expected to lead the Federal Reserve into a new phase by beginning to taper its long-term asset purchases early next year. The ECB is expect to move in the other direction, leaning against th… [...]

The "Anti-Widowmaker" Trade: Get Paid To Wait For The Japanese House Of Card To Collapse

So many traders think the key to investment riches lies in buying at the bottom or selling at the top: Such a fine but misguided notion. The cold reality is that unless one has (illegal) inside information, you will only transact at these locatio… [...]

Guest Post: Krugman’s Adventures In Fairyland

Submitted by William L Anderson of The Ludwig von Mises Institute, After studying and teaching Keynesian economics for 30 years, I conclude that the “sophisticated” Keynes­ians really do believe in magic and fairy dust. Lots of fairy du… [...]

Russell Napier: "We Are On The Eve Of A Deflationary Shock "

In the aftermath of Ray Dalio’s conversion to an inflationista earlier this year (even if he has since once again been pushing a deflationary agenda when he once again went long Treasurys in late September as Zero Hedge reported previously), which prom… [...]

This Inflation Is Supposed To Be GOOD For Japanese Workers?

Wolf Richter   www.testosteronepit.com   www.amazon.com/author/wolfrichter Japan’s new economic religion, lovingly dubbed Abenomics, relies mostly on a money-printing binge that monetizes the entire government deficit plus a chunk… [...]

Visualizing Abenomics – Japan’s Dangerous Experiment

The early effects of the reform program have triggered a surge in the Japanese stock market, accelerated by the anticipation of growth revival. So far, so good for the markets and traders. But how will Abenomics accommodate public debt of over 200% GDP… [...]

Tepco To Build Two Coal-Fired Plants In Fukushima

After being essentially nationalized as a result of the Fukushima explosion, and following years of denial finally admitting that TEPCO has lost control of the clean up effort of the Fukushima nuclear power plant corpse, one would think Tokyo Electric … [...]

There Are 199,235 "Ultra High Net Worth" People In The World With Over $30 Million In Assets

It is no secret that the bulk of “very rich people” in recent years has been created in Asia (where some $15 trillion in liquidity has entered broad circulation in just the past five years). As the FT reports, “Asia is producing more new wealth than an… [...]