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… [...]

Is Janet Yellen Smarter Than Me?

Yellen`s Talking Points   During Janet Yellen`s Senate Banking Committee testimony to paraphrase she said that she doesn`t see a bubble in stock prices based upon some of the metrics they utilize at the Fed, and she mentioned that the rise in… [...]

Chart Of The Day: How In Five Short Years, China Humiliated The World’s Central Banks

The concept of the “liquidity trap” is well-known to most: it is that freak outlier in an otherwise spotless Keynesian plane, when due to the need for negative interest rates to boost the economy (usually resulting from that other inevitable Keynesian … [...]

Chart Of The Day: How China’s Stunning $15 Trillion In New Liquidity Blew Bernanke’s QE Out Of The Water

Much has been said about the Fed’s attempt to stimulate inflation (instead of just the stock market) by injecting a record $2.5 trillion in reserves into the US banking system since the collapse of Lehman (the same goes for the ECB, BOE, BOJ, etc). Eve… [...]

Banks Warn Fed They May Have To Start Charging Depositors

The Fed’s Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the nex… [...]

The Time To Hike Rates Is Now According To The Beveridge Curve

In addition to being a sanity, and manipulation, check to the non-farm payrolls number where “drift” occasionally gets so profound even the BLS is forced to cower in shame for openly making up numbers, the monthly JOLTS survey also includes, as part of… [...]

Overnight Carry Continues To Push Risk To New Highs

There were two events of note in the overnight session: first was the return of the Japanese jawboning, because now that the Nikkei has upward momentum – nearly hitting 15600 in early trading only to close unchanged – and the Yen has downward momentum,… [...]

Shopping With Bernanke: Where QE Cash Ends Up Tells Us Who Benefited

One can debate whether QE has benefitted Main Street or Wall Street until one is blue in the face, even though five years later, the answer is perfectly clear to all but the staunchest Keynesians and monetarists (and if it isn’t, just pay attention to … [...]

The Biggest Disaster in SE Asia Waiting to Happen: Thailand’s Massive Real Estate Bubble

In 1997, the SE Asian Tigers all faced severe economic stresses, partially triggered by a primarily foreign capital-funded massive real estate bubble in Thailand. Today the EXACT same thing is happening as untempered foreign investment into Thailand’… [...]

Spot The Striking Similarity

Spot the striking similarity. Below is the US Employment to Population ratio – a nearly perfect, multi-decade low flatline since Lehman…   … And compare it to the NYSE stock index divided by the Fed’s balance sheet: a nearly perfect, multi-de… [...]