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Tesla: Where Retail Investors Rushing in and Nest Eggs Cracking
By EconMattersIt seems every year there are a few momentum stocks defying logic, reality while bleeding all shorts getting in the way. This year, Tesla Motor (Nasdaq: TSLA) is one such stock which hit...
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The Government Shutdown Looms: A Q&A On What Happens Next (And Who Stays At...
With a government's October 1 shut down - temporary of course - now seemingly inevitable, and more importantly with the peak debt ceiling negotiations due in just about a week after which point the...
View ArticleFrontrunning: September 30
Government Heads Toward Shutdown (WSJ), First U.S. Shutdown in 17 Years at Midnight Seen Probable (BBG), Congress in game of chicken (RTRS)Italian Premier Pursues Last-Ditch Rescue of Government...
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What Will Happen To The US Credit Rating?
With short-term Treasury Bills starting to price in a missed payment possibility and USA CDS surging (though still low), the debt ceiling (and implicit chance of a technical default) is nigh. As we...
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What Is The Impact Of A Technical Treasury Default?
Yesterday we described the various scenarios available to Treasury in the next few weeks should the shutdown and debt ceiling debacle carry on longer than the equity markets believe possible. As BofAML...
View ArticleDavid Stockman Explains The Keynesian State-Wreck Ahead - Sundown In America
David Stockman, author of The Great Deformation, summarizes the last quarter century thus: What has been growing is the wealth of the rich, the remit of the state, the girth of Wall Street, the debt...
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"What Politicians Want Is A World Of Pure Beta And Zero Alpha"
The Leversfrom EpsilonTheory.com (article link)Mr. Incredible: You mean you killed off real heroes so that you could *pretend* to be one?Syndrome: Oh, I'm real. Real enough to defeat you! And I...
View ArticleWhy Has Nobody Gone To Jail For The Financial Crisis? Judge Rakoff Says:...
By US District Judge Jed S. Rakoff (pdf)Why Have No High Level Executives Been Prosecuted In Connection With The Financial Crisis?Five years have passed since the onset of what is sometimes called the...
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6 Things To Ponder This Weekend
Submitted by Lance Roberts of STA Wealth Management,Is there a bubble in the financial markets? This is probably been the most written about issue over the past two weeks. However, as I stated in...
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The Biggest Disaster in SE Asia Waiting to Happen: Thailand’s Massive Real...
In 1997, the SE Asian Tigers all faced severe economic stresses, partially triggered by a primarily foreign capital-funded massive real estate bubble in Thailand. Today the EXACT same thing is...
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Margin Debt Soars To New Record; Investor Net Worth Hits Record Low
The correlation between stock prices and margin debt continues to rise (to new records of exuberant "Fed's got our backs" hope) as NYSE member margin balances surge to new record highs. Relative to the...
View ArticleBagehot & Deflation: Interview with David Kotok
Last week, I published two articles, on Zero Hedge and Breitbart, respectively, that highlight the issue of “financial repression” via low interest rates. Below is an exchange with my dear friend and...
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As Credit Bubble Grows, Junk Bond Underwriting Fees Drop To Record Low
Back in February, Fed governor Jeremy Stein warned of overheating (read: bubble conditions) in credit markets. Nobody cared. A few months later, while observing among other things the ongoing credit...
View ArticleFrontrunning: Friday 13
Presidential Task Force Recommends Overhaul of NSA Surveillance Tactics (WSJ)Monte Paschi's Largest Shareholder Says It Will Vote Against $4.1 Billion Capital Increase (WSJ)SAC Reconsiders Industry...
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5 Things To Ponder This Weekend - The Risk Edition
Submitted by Lance Roberts of STA Wealth Management,"Twas the Friday before the Friday before Christmas..." and as the year end rapidly approaches the mainstream consensus is that 2014 will be another...
View ArticleFear and Trembling In Muni Land
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterMunicipal bond investors, a conservative bunch who want to avoid rollercoaster rides and cliffhangers, are getting frazzled....
View ArticleJim Rogers On "Buying Panic" And Investments Nobody Is Talking About
Submitted by Nick Giambruno via Doug Casey's International Man,I am very pleased to have had the chance to speak with Jim Rogers, a legendary investor and true international man.Jim and I spoke about...
View ArticleWall Street's Latest Investment: Ex-Convicts
Either the Volcker Rule is making Wall Street's menu of investment choices so unbearably limited, or traditional assets are so overpriced Wall Street won't even touch them with other people's money,...
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Forbes Reveals Its "Top 30 Under 30" In Finance
Roughly around the time when the death knell for SAC Capital as a hedge fund (now since defunct, existing purely as a family office following the biggest insider trading crackdown against a US-based...
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23 Reasons To Be Bullish On Gold
Submitted by Laurynas Vegys via Casey Research,It's been one of the worst years for gold in a generation. A flood of outflows from gold ETFs, endless tax increases on gold imports in India, and the...
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