In response to the revelation that the NSA has been illegally spying on all Americans for more than a decade, NSA chief General Keith Alexander claimed that the spying prevented a terrorist attack on Wall Street and the New York subway. There’s only one problem: the claim is completely false. The Christian Science Monitor notes today: According to officials […]
After exposing the faux prosperity of the immediate post-2009 "wholly unnatural" recovery and explaining the precarious foundation of the Bernanke Bubble, David Stockman's new book 'The Great Deformation' delves deeper (in Part 2 of this 4-part series) into the dismal internals of the jobs numbers and only the utterly politicized cal […]
Kyle Bass covers three critical topics in this excellent in-depth interview before turning to a very wide-ranging and interesting Q&A session. The topics he focuses on are Central bank expansion (with a mind-numbing array of awe-full numbers to explain just where the $10 trillion of freshly created money has gone), Japan's near-term outlook ("t […]
From Mike O'Rourke of Jones Trading Fed-stivities Drum roll please ... Tomorrow is the big day. Market participants have been primed and prepared to watch for any changes to the Fed’s forecast. The current Fed forecasts for key metrics are as follows. The 2013 Unemployment Rate is 7.4%. For the 2014 Unemployment Rate, the Fed is forecasting 6.85%. […]