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 Wall Street shenanigans (173)

Friday
Apr182014

IPO Craze Peaks, Investors Scurry Out of the Way, VCs Fret

“Everyone’s skating on thin ice” – Partner at a Venture Capital firm.

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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.

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Saturday
Apr122014

“It’s not a bubble,” Retail Investors Are Told As The Smart Money Bails Out

“Biotech Stocks’ Rout Perplexes Analysts” the WSJ headlined the phenomenon, as analysts continue to hype this stuff to small investors. But hedge funds are dumping stocks, and private equity firms are dumping their LBOs. That’s the Smart Money. They’re getting out.

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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.

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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.

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Tuesday
Apr082014

The Top’s In! La Quinta And Ditech Are Back 

By David Stockman: IPOs have the busiest week since 2007. Look who is headlining: Ally Financial – disaster of auto and sub-prime housing loans known as Ditech and GMAC – and hotel chain La Quinta. To be shuffled off to the public at nosebleed multiples.

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Monday
Apr072014

Hot Air Hisses Out Of Housing Bubble 2.0: Even Two Middle-Class Incomes Aren’t Enough Anymore To Buy A Median Home

Giant PE firms and REITs have become the largest landlords in the country over the last two years because “there was a moment in time where it made sense,” but now home prices are too high, the business model has collapsed, and buyers evaporate.

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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.

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Thursday
Apr032014

Google Stock Split Should Have Icahn Fuming!

By Tim Parker: You’d think Google’s stock split would have activist investor Carl Icahn making a lot of noise; the power play preserves the unchallengeable control the company's leaders have over the company. But Icahn has been quiet.

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Wednesday
Apr022014

‘Hope-for-Growth Momentum Investing’

“Why worry if the price can only go up” – Societe Generale’s Head of Quantitative Equity Research. Now even after companies cut earnings-per-share estimates, their stocks go up. Because everyone believes that everyone believes that....

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Wednesday
Apr022014

Tesla’s Sales Stall, Don’t Even Amount To A Rounding Error

March auto sales trickled out today. Beneath the wondrous hype about how they’d finally exceeded expectations, after they’d been perfectly awful for five of the prior six months, was a doozie. And the media, which normally fawns all over Tesla, covered it with a blackout.

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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.

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Thursday
Mar202014

Financial Industry Insider: Bubbles Are A Consensual Hallucination

By Cali Money Man, Testosterone Pit Exclusive: Our new normal is not the only new normal possible.

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Thursday
Mar202014

Goldman Goes Bonkers Over Tesla

Wall Street once again stands out as history’s most glorious, most efficient, sophisticated, prolific “gigafactory,” to use Tesla’s newfangled term, for the production of self-serving BS. Investors beware!

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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.

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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.

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Tuesday
Mar112014

Round Two of the Global Financial Sector’s Takeover of Spain

By Don Quijones: When it comes to dodgy landlords, few have it quite as bad as the tenants of a number of housing projects in Spain who were notified that the government had sold their units to an innocent-sounding investment fund called Cibeles.

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Tuesday
Mar042014

Obama’s Growth Forecast Bullish, Wall Street Exuberant, Corporate Insiders Freak-Out Bearish

Despite breath-taking hype on Wall Street and President Obama’s budget that assumed economic growth of a glorious 3.1%, corporate executives and directors are quietly dumping their shares in bouts of extreme bearishness, just like they did before the last crash.

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Monday
Mar032014

Should You Invest in the Marijuana Boom?

By Dan Steinhart, Casey Report: One thing’s for sure: the investment world is enamored with the new green industry. Over the last three months, the worst performer among the purest plays in the marijuana space soared 243%! But wait a minute....

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Thursday
Feb272014

The Smart Money Quietly Abandons The Housing Market

National averages paper over gritty details on the ground and are a crummy indicator as to what is happening in specific metro areas. But even with this caveat, a national average suddenly sounded an alarm for the housing market: the smart money is bailing out.

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