Saturday
Jul052014

TESTOSTERONE PIT (my soul) Has A New Name ....

Friends and Readers,

Today, July 5, 2014, I finally changed that ghastly name and URL. All the action from now on is at

www.wolfstreet.com.

If you bookmarked the site, please change your bookmark to WOLF STREET

If you’re a feed subscriber, please replace it with   http://wolfstreet.com/feed/

TESTOSTERONE PIT is now dormant. I have transferred most articles to WOLF STREET.

You should be able to find everything there. See you at WOLF STREET

Click to read more ...

Thursday
Jul032014

How The US Government Deliberately Understates Inflation 

Since rents aren’t fully reflected in the Consumer Price Index, we’re behind the curve. And the Fed, which relies on the PCE index, “won’t even see the curve,” says Lee Adler in this must-see video (with chart) that raised my blood pressure.

Click to read more ...

Thursday
Jul032014

‘It's Like We've Developed An Inability To Even See Risks’

My convo with a wealth manager at a megabank who's been at it for 30 years, has seen three crashes while on the job, but unlike others in finance, hasn’t re-forgotten the lessons for the third time.

Click to read more ...

Wednesday
Jul022014

How Wall Street Manipulates The Buy-to-Rent Housing Racket

The smart money had a goal, which it now reached via the “multiplier effect” by which a small number of sales can have extreme consequences in price for the rest.

Click to read more ...

Tuesday
Jul012014

Doctor’s Perspective: Facebook’s Own “Monster Study”

By Michael Gorback, M.D.: FB's psychological experimentation on hundreds of thousands of unwitting users is illicit human experimentation and a gross human-rights violation.

Click to read more ...

Tuesday
Jul012014

Economic Growth in America’s “Two-Tiered Society”

It's been glorious: global M&A in Q2 soared 47% to $1 trillion, highest since 2007, just before the financial crisis. In California, 30% of the people making less than $40k were in worse financial shape than last year, despite all the bubbles being inflated around them.

Click to read more ...

Monday
Jun302014

UBS: The Secret Reason The Fed Is ‘Tolerating’ Bubbles

“Asset prices have reached stunning levels, obviously out of line with ‘fundamentals.’ The “most dangerous” are housing bubbles; when they burst, they “wreck whole economies.”

Click to read more ...

Sunday
Jun292014

TESTOSTERONE PIT (My Soul) Gets A New Name – The Sequel

Readers have expressed relief that this ghastly name would finally disappear from sight. Others have expressed their concerns that the new name would be too sissy.

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Saturday
Jun282014

Mini Tax Havens: How Europe’s 1% Gets to Pay Only 1%

By Don Quijones: Under the guise of austerity, taxes on the middle class and small businesses in Spain and other countries have reached confiscatory levels. But for the wealthy, there is a special deal – and it erupted into a scandal.

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Friday
Jun272014

Last Time Lenders Did This, They Triggered The Financial Crisis

Whipped into a frenzy by the sweet smell of usury.

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Thursday
Jun262014

Google Glass Hacked, Can Record Everything You Stare At

You don’t need to break a code; you don’t need to capture a server. “Hardcore hackers wouldn’t even bother with it,” says one of the hackers. “They'd find access too easy.”

Click to read more ...

Wednesday
Jun252014

Federal Regulator Details Crazy Risk-Taking By Banks, Blames Fed

Banks are again taking the same risks that triggered the financial crisis, and they’re understating these risks. It wasn’t an edgy blogger that issued this warning but the Office of the Comptroller of the Currency. And it blamed the Fed’s monetary policy.

Click to read more ...

Wednesday
Jun252014

Just How Crazy Is The Biggest Credit Bubble in History? See The Doomed Muni Tobacco Bonds In Your Conservative Bond Fund

Ah, the spine-tingling pleasures of having this delicious breed of bonds in your conservative-sounding bond fund.

Click to read more ...

Tuesday
Jun242014

Investment Bank: The End Of US Economic Growth

“We fear that, once the effects of monetary stimulus disappear in the US, the weakness of the economy due to income inequalities may suddenly be revealed.”

Click to read more ...

Monday
Jun232014

Investor Sentiment Flashes Warning

By David Moenning: After peaks in optimism since 1995, the S&P has lost on average 256 points and never gained until after the next extreme pessimism reading.

Click to read more ...

Monday
Jun232014

IMF Frets About Giant Sucking Sound of Hot Money, Wants to Take Over Global Monetary Policy

Now that the Fed is pulling back from its money-printing binge, the IMF, the global bondholder bailout outfit, is starting to panic.

Click to read more ...

Saturday
Jun212014

The Global Corporatocracy Is Nearing Completion

By Don Quijones: Quietly, the rules governing global trade and financial markets are being changed. Despite the enormous impact they have on our lives, the public is not consulted. Most people are not even aware it is happening.

Click to read more ...

Saturday
Jun212014

TESTOSTERONE PIT (My Soul) Gets A New Name

No, I didn’t sell out, though I had an offer. Don’t worry, I won’t go mainstream. Or go soft on Wall Street. I won’t water down my sarcasm, either. But there are big changes coming.

Click to read more ...

Friday
Jun202014

Canary In A Handbag: Why Coach Hit The Skids

By David Stockman: Coach just had an earnings fiasco. Sales plunged 21%. Prospects are worse for the period ahead. Store closings are coming. That's the payoff for playing the destructive game of the Wall Street casino.

Click to read more ...

Friday
Jun202014

Last Time Corporate America Did This, The Stock Market Crashed

So what happens when these huge and reckless buyers with their nearly endless resources start cutting back after a phenomenal peak? Well, we know what happened in 2008.

Click to read more ...