DEBTOR NATION

VIDEOS

Wolf Richter On The Keiser Report
"Debtonomics and the NSA"

Wolf Richter on the Keiser Report
"Where Is The Fear"

Wolf Richter on Max Keiser's "On The Edge" 
"The Pauperization of America"

Wolf Richter on the Keiser Report
"Where the Money Goes to Die"

Clarke and Dawe: European Debt Crisis
Two favorite Australian Comedians

Clarke and Dawe: Quantitative Easing
Big industrial-strength printers, all facing the window

The Fastest Drive Ever Through San Francisco
Don't try to do this yourself
 

humanERROR - by "Frying Dutchman"
Powerful, lyrical appeal to the Japanese. Slams nuke industry, MSM, bureaucrats, and politicians.

Sunday
Aug182013

“Don’t Try to Time the Market” With Gold Miners

By The Gold Report: Don't ask Louis James if the gold price has reached bottom. He doesn't care. He is too busy trying to ferret out those gold miners with a bird in the hand. He travels the world, looking for companies with an overlooked story, an undervalued mine, an underappreciated grade. And he is quite certain he has found some good values.

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Saturday
Aug172013

Spain’s “Government of Scoundrels” Stokes Diplomatic Row

By Don Quijones: Since taking office, Rajoy’s government has done everything within its means to alienate the Spanish public. Its key election pledges – taxes wouldn’t be hiked, banks would never be bailed out, vital services would not be cut, unemployment would be a priority, the economy would improve... – all turned out to be lies; and its corruption scandals are mushrooming. But now it has a new strategy: a territorial tussle with the UK.

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Saturday
Aug172013

Hydroxycut: A (Dreadfully) Skinny Guy’s Jab At Diet-Pill Logic 

I’ve been called skeletal – so the entire tangled-up logic of losing weight by popping diet pills is alien to me. But it’s big business. Not to be taken lightly, so to speak! A whole industry is out there, trying to capitalize on human weakness – but it’s having a hard time. (I moved this from another part of TP, so you may have encountered it already.)

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Saturday
Aug172013

Mexico To Join America’s Oil Boom

By Chriss Street: Mexico began the process to amend its constitution to end the state-owned monopoly for exploration, development, and distribution, known as Pemex. Over the last 10 years, Mexican production fell 30%. US production leaped 50% due to capital investment and new technology. Now Mexico wants to modernize its oil industry.

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Friday
Aug162013

Retail Woes: They Shopped Till They Dropped

Men’s retailer Jos. A. Bank warned that sales in the quarter plunged 11%. OK, it suffered from management foul-ups, goofy marketing, obnoxious ads, and – at least at the store I looked at – dusty shirts on the shelf. But it isn’t an outlier. It’s the latest entry on a laundry list of revenue-challenged retailers whose woes are spreading relentlessly across the US.

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Friday
Aug162013

You Don’t Plan on Being Retired Very Long, Do You?

By Dennis Miller, of Miller's Money: I don't know which is worse: realizing you cannot keep a promise you made to someone who was important to you, or being the person who relied on the promise when you finally grasp that it is not going to be kept. Turns out, neither corporations nor governments can keep the pension promises they made.

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Thursday
Aug152013

Cisco CEO Reports Record Sales And “Lumpy” Demand, Just Like In November 2007, A Month Before Stocks Began To Crash

Cisco CEO Chambers gushed with positive vibes during the earnings call: “unbelievably strong results,” he said about the quarter. He talked about record revenues. “We have strong momentum,” he said, “very solid execution.” But he lowered guidance, lamented the debacles in China and Japan, and announced layoffs. Then he uttered the word “lumpy.”

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Thursday
Aug152013

Egypt’s Army Puts Country On Path To Economic Destruction

By Farah Halime, Cairo: The bloody events of the last 24 hours have destroyed any chance of political reconciliation. Tourism and foreign investment, already hit hard, will dry up. The cabinet will fall apart. Aid will be hard to come by. The nation, now highly vulnerable, is on its own.

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Thursday
Aug152013

The Real Reason High Oil Prices Lead to Instability (Such As In Egypt Where Fuels Are Heavily Subsidized)

By Evan Abrams, Global Risk Insights, for OilPrice.com: For businesses investing in a volatile corner of the world, trying to predict political instability is a critical activity. One of the factors often cited as contributing to unrest is the high price of oil. But in Egypt, gasoline and diesel are heavily subsidized. So what gives?

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Wednesday
Aug142013

“Wealth Effect” Mucks Up Housing, Costs Homeowners Dearly

Home prices have jumped around the country, in some cities over 20% on an annual basis. “Recovery of the housing market,” is what this phenomenon is called. Everyone from President Obama on down has taken credit for it, particularly the Fed, whose handiwork this is. But there is a very ugly fly in this illusory ointment.

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Wednesday
Aug142013

Of Thousands Of Mineral Exploration Companies, MOST Will Never Discover Anything – But Those That Do...

By Louis James, Chief Metals & Mining Investment Strategist, Casey Research: Finding minerals involves science. And some geologists have an intuition about how mineralization twists, plunges, thickens, pinches out, and reappears. But we can't underestimate luck in every discovery. That's what makes it so difficult and (if successful) profitable.

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Wednesday
Aug142013

The Only Way Apple Will Survive the Cutthroat Mobile Market

By George Leong, Profit Confidential: It’s ironic that BlackBerry announced it was looking at strategic alternatives on the day when speculation grew that Apple could be launching a much-needed new “iPhone” in September. BlackBerry appears to be throwing in the towel, which I said it should have done since the iPhone became the go-to smartphone in the US.

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Tuesday
Aug132013

The Fed’s Confession: We Can Avoid A Crash At The End Of QE If Everybody Believes That Everybody Believes In A Mirage....

What rabble-rousers, economists (those banished from the mainstream media), and bloggers have hammered on for years, a study by the San Francisco Fed finally confesses: Quantitative Easing didn’t do a heck of a lot of good for the real economy. The timing of the study is impeccable: the nearing end of QE – and the market mayhem it might cause.

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Tuesday
Aug132013

The Illusion of Safe Investing

By Dennis Miller, of Miller's Money: Retirees are often more concerned with the return of their money than the return on their money. It's understandable; after our peak earning years have passed, financial safety becomes our primary concern since the opportunity to earn back investment losses is essentially over.

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Monday
Aug122013

Even Deep Discounts at These Stores Couldn’t Lure Customers in Last Month

By Michael Lombardi for Profit Confidential: The retail sector in the US acts as a gauge of consumer spending. When it shows weakness, consumer spending is at risk, a potential drag on the economy. As it stands, the retail sector is providing troubling news on consumer spending. And the key back-to-school retail season is already in deep trouble.

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Monday
Aug122013

Pops In China’s Construction Bubble (But It’s Not Going To End)

China’s phenomenal construction bubble, driven by local governments that must keep their economies growing, no matter what the costs, and funded by state-owned megabanks, has led to an equally phenomenal misallocation of capital, overbuilding, waste, ghost cities, empty shopping malls, and now an epidemic of shuttered luxury department stores.

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Sunday
Aug112013

David Stockman: Hedge Funds, Haven Of Hit-And-Run Capital For The 1 Percent

During the 14 years since the LTCM crisis, the Fed’s interest rate repression policies have resulted in an inflation-adjusted return on six-month CDs of exactly 0%, David Stockman writes. It revolutionized the saving and investment habits of the wealthiest households. Unlike hapless savers among the middle class, the rich had an escape route.

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Sunday
Aug112013

Mind the (Expectations) Gap: Demographic Trends and GDP

By John Mauldin, Mauldin Economics: The past 60 years – our idea of “normal” – enjoyed a demographic tailwind worth 1% of economic growth per year. If 3% growth is "normal," it’s really 2% growth plus a demographic tailwind of 1%. But now demography – one of the three Ds of our hurricane of debt, deficits, and demographics – is hitting economic growth.

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Saturday
Aug102013

Breaking the Taboo of Drug Legalisation

By Don Quijones: Uruguay rarely draws international attention. Sandwiched between its much larger, much rowdier neighbors, it is, and has been for decades, a relative oasis of calm. But that is about to change: Uruguay is on the verge of becoming the first ever Latin American country to decriminalize the consumption of marijuana.

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Saturday
Aug102013

Why I’m Deeply Worried About Japan – And Why Betting On The Collapse Of JGBs Is A Horrible Idea

You don't seem to "think Abenomics is working,” a reader wrote, followed by tough questions and a comparison to Kyle Bass, who has been betting on a “full-blown Japan crisis.” It got me thinking. I’m attached to Japan. What started in 1996 has turned into a complex relationship. But now that Abenomics is the religion of salvation, I’m even more worried.

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