Category Archives: Financial

Rep. Issa – IRS Spending Practices

httpv://www.youtube.com/watch?v=jn30Bj4F594 Rep. Issa questions Faris Fink on IRS spending practices and reimbursement.

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Why Work? Obama Will Buy Your Vote (and Liberty)

Employment is still near a 30-year low Forget the unemployment rate. The employment rate — the percentage of adult Americans who hold a job — has barely budged in the past three years. It’s hovering near its lowest level in … Continue reading

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Jamie Dimon: Prepare for more volatility

It’s going to be scary out there in the markets until we reach a more normal interest rate environment. That was the message delivered by JPMorgan (JPM) CEO Jamie Dimon to delegates at the Fortune Global Forum in Chengdu, China on Thursday. “It’s … Continue reading

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Detroit in Ruins: Fifty Years of Liberalism Has Destroyed the Motor City

httpv://www.youtube.com/watch?v=H6xQctcXK0A#t=1s From YouTube: It was once the capital of the world’s auto industry, but Detroit now faces imminent bankruptcy, according to its Emergency Fiscal Manager. How did Detroit go from America’s industrial crown to an industrial dumpster?

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FRANCE BANS SHIPMENT OF GOLD & SILVER IN THE MAIL!

As the western financial collapse nears, the banksters are furiously working to shut down every financial exit available to the public to preserve their wealth from bankster confiscation. France has just taken capital controls to a new level, banning the … Continue reading

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JPMorgan’s Alabama Debacle Set to Cost Bank $1.6 Billion

J.P. Morgan might lose $1.6 billion to cover up a derivatives’ scandal? What about the remaining $1.2 quadrillion in derivatives that are still being covered-up? David DeGerolamo Jefferson County, Alabama JPMorgan Chase & Co. may see as much as $1.6 billion … Continue reading

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Hourly Compensation Crashes Most Ever, Labor Costs Drops By Most In 4 Years, Manufacturing Compensation Plummets By 7%

So much for the thesis of declining labor slack and rising labor leverage. Moments ago the BLS reported its Q1 labor costs which poured cold water over all recent hypotheses that the US worker’s plight is improving. It isn’t: productivity increased by … Continue reading

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ADP Misses Expectations, Second Worst Print In Last 8 Months; Sequester Blamed

By now it is futile to point out the woeful inability of the ADP report to predict the NFP’s ARIMA X 12 output of pure noise so we’ll leave it at that. Here is the headline: May private payrolls created 135K with … Continue reading

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Global Risk Off: Nikkei Plunges 700 Points From Intraday Highs, Whisper Away From 20% Bear Market Correction

That deep red premarket color on your terminal means it must be a non-Tuesday. Just kidding. Anyone expecting Abe to announce definitive, material growth reform instead of vague promises to slay a “deflation monster” last night was sorely disappointed. The … Continue reading

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BREAKING: THE COMEX CONFIRMS THAT ITS GOLD AND SILVER INVENTORY REPORTS ARE FRAUDULENT!

Well now.  How would like to get your bank statement in the mail from JP Morgan or Bank of America and see this disclaimer added at the bottom: “The information in this account statement is taken from sources believed to … Continue reading

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BIS LAYS OUT THE BLUEPRINT FOR BAIL-INS

In the wake of the Cypriot depositor bail-in, DIESELBOOM let the cat out of the bag that the Cyprus depositor bank bail-in was the template for future bank crises across the Eurozone, a fact we quickly substantiated by uncovering bail-in … Continue reading

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Can You See the Fed’s POMO at Work?

  The graph above is the Down Jones at 12:30PM on June 6, 2013. The bars at the bottom of the graph represent the volume of trades. What happens when the Fed stops propping up the market? David DeGerolamo

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European Propaganda On The Ropes – France Delays Unemployment Report

We can only imagine that the unemployment data must be so good that the French need a little more time to get positioned for the market’s exuberance. It seems the government’s statistical agency has proclaimed that: *INSEE WON’T BE ABLE … Continue reading

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What the markets are trying to tell us

Volatility is on the rise, liquidity is getting tougher in certain places, and anxiety is on the rise. By Mohamed A. El-Erian FORTUNE — Those trading in many market segments would have noticed a subtle change last week: Volatility is … Continue reading

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18 Signs That Massive Economic Problems Are Erupting All Over The Planet

This is no time to be complacent.  Massive economic problems are erupting all over the globe, but most people seem to believe that everything is going to be just fine.  In fact, a whole bunch of recent polls and surveys … Continue reading

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