Debt Burden of Nations
As I mentioned several times, India with only 128% of debt burden (sovereign + consumer debt) and huge population, is the right place to be…
Business
DOW Down 512 pts. Today is for the Record Books.
Financial markets have given an unforgettable 50th birthday gift to the President. Today is nothing less than a massacre for stock markets across the world….
Financial Market Update (Red Alert): Short-Term Yields Going Negative
Short-Term Yields Going Negative In simple English, it means that you have to PAY THE BANK TO KEEP YOUR money. This kind of imbalance happens…
Ahoy Netflix!!!
If you missed the Netflix ads or Netflix story of late, you must not be living in the United States. Regular listeners of my show…
Product Driven vs. ‘Driven’ Driven Economy
Yes, it is not a typo that you see ‘Driven Driven’ in the title. What is the ailment of the current economy and…
The Real Reason for Economic Drag: Huge Drop in Consumer Spending
The American economy is 2/3rd consumer spending. In the 1990, cheap credit boosted consumer spending via revolving. In the 2000s, the meteoric rise in home…
Blame Them Shorts, You Morons!
Do you ever wonder, the western press was quick to brand debt trouble faced by Malaysia, Thailand and Indonesia in 1997 as “Asian contagion” as…
New York Mag: Obama’s Original Sin
“The president’s failure to demand a reckoning from the moneyed interests who brought the economy down has cursed his first term, and could prevent a…
Barry Ritholtz: Not the Greeks, But Their Creditors Get Bailed Out
Says Barry: Ahhh, the Greeks! Long considered the cradle of Western civilization, Greece is the birthplace of democracy, the founders of Western philosophical thought. The…
HFT Algos at it Again?
Predictions of crashes have little credibility with me. However, this one has some credibility. Zero-Hedge’s Tyler Durden (not his real name) thinks that a flash-crash…
Greek Austerity Now: Bankster Cartel’s Another Victory Over the People
Once again, the bankster cartel wins. The Greek Parliament just voted for more austerity measures. Don’t get me wrong, austerity is a good thing. It…
What Brings a Revolution? Can it Happen in US?
I began writing this piece In February 2011, during the revolution in Egypt. Everybody who is following the current turmoil in Greece or who had…
Give the Banks What they Want, or there Will be “Tanks In The Streets, Mass Suicides”
This via Zero-Hedge With just days left until the crucial vote on passing the Greek mid-term austerity package, the assured destruction rhetoric used by the…
“Ireland is Not Greece, Portugal” Never Believe a Rumor Until it is Officially Denied Edition
The caption on an official T-shirt to be printed by Ireland, “Ireland is Not Greece, Portugal” says it all. I for one confirm a rumor…
Lies are Lies – in English or in Greek
A little over a year ago the pronouncement that Greek was rescued from the brink was a big fat Greek lie. Anybody who paid a…