Confirmed By Intel: The Recession May Have Already In Place For Nearly A Year

Hussman: US Likely Entered into a Recession in Mid-2012
The U.S. economy likely slid into a recession during the middle of 2012, said economist and fund manager John Hussman.The U.S. economy officially grew 1.3 percent in the second quarter and 2 percent in the first quarter, but such assumptions are made with backward-looking indicators, or those that capture events that have already happened.

Leading indicators, which point to where the economy is [...]

The Student Loan Debt Bubble Is Creating Millions Of Modern Day Serfs

by Michael

 

Every single year, millions of young adults head off to colleges and universities all over America full of hopes and dreams.  But what most of those fresh-faced youngsters do not realize is that by taking on student loan debt they are signing up for a life of debt slavery.  Student loan debt has become a trillion dollar bubble which has shattered the financial lives of tens of millions of young college [...]

Gary Shilling: New recession has begun. Don’t get excited about the recent ‘green shoots’

By Howard Gold

NEW YORK (MarketWatch) — After a rocky spring, we’ve had two consecutive months of gains in the Standard & Poor’s 500 index.

And some pros are looking for a strong fall and are hoping the Federal Reserve rides to the rescue with more “quantitative easing” at its September meeting.

But just when you thought it was safe to get back into the market, here comes Gary [...]

Does QE Really Work? The Evidence To Date

The market’s hopes and dreams for the next LSAP remain high. As gold inches higher, tail-risks priced out (expectations for extreme FX moves are considerably lower than sentiment would suggest), and US equity vol expectations (and put skews) are crushed; the equity market clearly remains ‘at a premium’ in its notional indices given what is sheer lunacy in earnings expectations going forward. The question every investor should be asking is not when [...]

Bill C-38: “In the last 12 months I have seen clearly the rise of tyrannical policies and the application of such mind and state control that the people of Canada , unless they soon react, will find themselves slaves to a corporate and political domination…”

via Yahoo News:

When it comes to politics, Canadians are generally an apathetic bunch. Often, a controversy will brew and within a week or two we forget about it and move on.

It appears Bill C-38 is one issue we’re not willing to let go.

Saturday is the one month anniversary of the introduction of the so-called omnibus budget bill, a 425-page bill that amends 60 different acts, repeals a half dozen others [...]

Ron Hera: Fiat currencies not only destabilize economies but undermine the moral basis of society.

15 Fundamental Problems with Fiat Currencies

Ron Hera
financialsense.com
April 8, 2012

Value Subjectivism and Monetary Instability

Subjectivism is the philosophy that reality is what we perceive to be real and that no underlying, true reality exists independent of human perception. In other words, the nature of reality for an individual person is dependent on that individual’s own consciousness. It follows that each person experiences their own reality that is not shared with others. What [...]

Internet Bubble, Housing Bubble, and Education Bubble: No one in America takes responsibility for your bad investments

Internet Bubble: How hard was it not buy AOL when it was going up 50% a year? Don’t people know all bubbles end badly?
- That was stupid
Housing Bubble: How hard was it not buy a house with 0% down, on a 1 year ARM, with a mortgage you couldn’t afford unless your it appreciated 20% in a year?
- That was stupid
Education Bubble: Not just law school but the entire for [...]

Obama is victim of Bush’s failed promises!

Here’s an opinion piece by Chuck Green who writes “Greener Pastures” for the
Denver Post Aurora Sentinel…one of the more liberal papers in the country.
Additionally, Mr. Green is a lifelong Democrat…so this is rather a
stunning piece…

Obama is victim of Bush’s failed promises!

Barack Obama is setting a record-setting number of records during his first
term in office:

Largest budget ever. Largest deficit ever. Largest number of broken promises
ever.

Most self-serving speeches ever. Largest number of agenda-setting [...]

The economy is getting worse, fast. People are getting angry, fast.

From Peter Tchir of TF Market Advisors

Holidays In The Sun…

Somehow the anger of the sex pistols, the sound of boots marching in the background, seem right to me today.

Greek Industrial Production dropped 11.3% in December.  The unemployment rate jumped to 20.9%, up from 18.2%.

The charade of negotiations and a bailout can go.  Some deal is likely to be announced.  I’m not even sure it will be relevant by the March [...]

Print money to make up the difference…Sure the LORD could ask for more yield from the slaves…but if they can’t supply any yield…how can they supply more than nothing?

Ok watched some crap on tv and they are basically saying that printing money to sustain the yields the system requires to sustain it’s continued existance is the only way…to buy more time…so that the implosion doens’t happen now…and then use the time that was bought to figure out how to escape the printing of money to buy time to figure out how to escape the the inevitable implosion.

the yare [...]

In the US it was basically 7.9% growth up until 2008…that’s what the required yield was basically to postpone the collapse of the system.

Ok watched some crap on tv and they are basically saying that printing money to sustain the yields the system requires to sustain it’s continued existance is the only way…to buy more time…so that the implosion doens’t happen now…and then use the time that was bought to figure out how to escape the printing of money to buy time to figure out how to escape the the inevitable implosion.

the yare [...]

Jon Markman: A crisis-spawned recession is coming in Europe, if it’s not there already, and that is going to throw the estimates, hopes and dreams of euro zone officials into the shredder of history

By Jon Markman, MarketWatch

SEATTLE  — For once, the week started with no major press conferences, news releases, bird songs or alien spaceship emanations out of Europe. That gives us a chance to recap what’s happening over yonder.

Supposedly Germany and France have inched closer to making a deal on how to bandage up their banks with taxpayer capital, a process known as recapitalization, and to leverage the emergency funding vehicle known [...]

The story here is all about American Empire — unlimited war anywhere and all the time — financed by fiat money on debt serviced by the American taxpayer.

by JR

So the first thing to recognize in support of the Empire, which the neocons do here, is to name the potential enemies of the Empire — “terrorists” such as al-Qaeda and Hezbollah (not to forget Hamas, Syria and Iran). The Hannity/Limbaugh line finds every enemy of Israel in every freedom fighter movement.  It’s troubling to me that pro-war neocon Stratfor  (i.e. George Friedman) has become [...]

30 Year Fixed-Rate Mortgage Hits 5.05%, Highest Since April 2010

by ZH

To those who look for confirmation of the wealth effect in every nook and cranny, better keep looking away from housing. The 30 Year Fixed Rate mortgage, that indicator of just how much “piggy bank” value US housing has, just jumped by a whopping 24 basis points in the last week to 5.05%, the highest since April 2010. And as the observant ones will [...]

Good Morning, Gang~!…………from Wonderful Sheridan, Wyoming……………Do we dare analyze it this morning?

First, I am sorry for the absence of an analysis yesterday afternoon. We left Colorado yesterday and are driving back to Montana……..stopping in Sheridan along the way.

Yesterday, we saw existing home sales knock the slats out from under the market early in the day, but the market rallied back after that and approached the 1115.00 resistance area (ES). The afternoon was devastating, however, as someone or someone(s) sold with a [...]