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.

Entries in Federal Reserve (223)

Wednesday
Apr162014

What the Heck is Going on With US Treasuries In Belgium?

The tiny country of Belgium with a GDP of $484 billion, a country that became famous to the chagrin of some people because it did just fine for a couple of years without a national government – well, it’s growing an enormous mountain of US Treasuries.

Click to read more ...

Tuesday
Apr152014

About That “Surge” In March Retail Sales

By David Stockman: We're entering the fifth season of head-fakes about “escape velocity” acceleration in as many years.

Click to read more ...

Monday
Apr142014

What Happens When ‘All Assets Have Become Too Expensive?’

A report from the asset management and investment banking division of Groupe BPCE, the second largest bank in France, predicts what daredevil voices at the maligned margin of financial analysis have worried about for a while: another global financial panic.

Click to read more ...

Thursday
Apr102014

Biggest Credit Bubble in History Flashes Warning: ‘Seek Cover’

Hidden in the IMF’s Global Financial Stability Report is a doozie of a chart. “Seek cover, implosion in sight,” it screams. It depicts the bubble in covenant-lite and second-lien loans, the same that helped blow up the banks in 2008. Only this time, they’re even worse.

Click to read more ...

Wednesday
Apr092014

America’s Structural Unemployment Crisis in Two Charts

It didn’t even start with the financial crisis. It started before the 2001 recession. But the strategy exploded in 2009, and it’s still getting worse.

Click to read more ...

Saturday
Apr052014

This Chart Is A True Picture of How QE “Solved” The Unemployment Crisis In America

A very inconvenient chart. Inconvenient for the Fed – it turns their rhetoric upside down.

Click to read more ...

Friday
Apr042014

Christine Lagarde Is Clueless: 70 Words Of Keynesian Claptrap

By David Stockman: The world’s official economic institutions are run by people who believe in monetary fairy tales. The 70 words from IMF head Christine Lagarde are par for the course. She asserts that “low-flation” is the obstacle to economic growth in Europe.

Click to read more ...

Saturday
Mar292014

Dollar Hegemony Under Attack By Export-Superpowers Germany and China

The word dollar didn’t even come up when the Bundesbank signed the agreement with the People’s Bank of China. President Xi Jinping and Chancellor Angela Merkel looked on. It was serious business. Everyone knew what this was about. No one had to say it.

Click to read more ...

Thursday
Mar272014

Paul “Contrafactual” Krugman: The Laureate of Keynesian Babble

By David Stockman: The Fed prints $4 trillion and the national debt jumps $9 trillion in six years. We’re now in month 57 of the expansion, beyond the average 53 months – already on borrowed time. Now comes Professor Krugman proposing to “do something.”

Click to read more ...

Wednesday
Mar262014

The Risk of Stock-Market Vertigo

What can possibly go wrong with stocks these days? Five years of the Fed’s QE and zero-interest-rate policy, and look what happened: risks no longer exist. They’ve been priced out of the equation. But now the illusion is ending.

Click to read more ...

Saturday
Mar222014

This Chart Is A True Picture Of the Unemployment Crisis In America

For the millions of unemployed Americans who are looking for a job, this economy is still a historic fiasco. And it’s getting worse again.

Click to read more ...

Thursday
Mar202014

David Stockman on CNBC: Fed’s whole Taper Kabuki Is a Farce

Pungent, irascible, razor-sharp – the former Budget Director under President Reagan in peak form (video).

Click to read more ...

Monday
Mar172014

Will The Last Bear Please Turn Out The Lights

When BlackRock CEO Larry Fink grumbled about “way too much optimism” in the markets, he wasn’t kidding. An entire mindset is benchmarking today’s record metrics against the splendor of 2000 and 2007: not to warn, but to prove that this time it won’t end in tears.

Click to read more ...

Wednesday
Mar122014

Yellenomics: The Folly of Free Money 

By David Stockman: The Fed and other central banks have planted time bombs all over the global financial system with their money printing spree. Now comes Yellen who speaks of bubbles as a “misalignment of asset prices” and professes not to espy any on the horizon.

Click to read more ...

Tuesday
Mar112014

What Caused The Glorious Jump In Household Wealth (In One Insanely Good Chart) And Who Will Blow It Up Again?

The stock market has soared for five years, risks have ballooned, home prices have jumped. Gains built on the quicksand of endless liquidity and a lackluster economy. “Irrational exuberance” is back in the Fed's vocabulary. As the Fed’s Fisher said, it may end “in tears.”

Click to read more ...

Friday
Mar072014

Crony-Capitalist Con Men Demand King’s Ransom For Worthless Freddie and Fannie Preferred Stock

By David Stockman: The Fed’s bubble machine has fostered a noxious culture of plunder and entitlement on Wall Street. Now a marauding gang of vulture-speculators demands a multi-billion payday on the worthless Fannie and Freddie preferred stock they scooped up.

Click to read more ...

Sunday
Mar022014

NASDAQ 10,000 – Or Something

“Paranormal liquidity stimulus” leads to “paranormal activity” to deliver that “parabolic overshoot” in asset prices. And there is no bubble in sight, not even in the Nasdaq Biotech index, which is up a cool 375%. Money is once again growing on trees.

Click to read more ...

Saturday
Mar012014

Small Investors Exuberant, Margin Debt And Risk Of Crash Soar

Small investors are having fun in the stock market again, after years of sitting out the most phenomenal rally. They’re leveraging up their portfolios. Margin debt is spiking beautifully. Alas, spiking margin debt has a nasty habit of ending in a crash. In one painful chart.

Click to read more ...

Friday
Feb282014

Bernanke’s Legacy: Good For Bankers, Bad For Anyone Who Wants to Retire

By Dennis Miller: The Fed bailed out too-big-to-fail banks that made bad business decisions. It acknowledged its policies force seniors to put their life savings at risk. It blew a stock bubble that will eventually burst. And bankers are paid record bonuses. What gives?

Click to read more ...

Friday
Feb282014

The Relentless, Systematic Tear-Down Of The Dollar Hegemony

How long before the dollar surrenders its status as world reserve currency and number-one payment currency to the Chinese yuan and to that other currency everyone loathes?

Click to read more ...