Sunday, January 18, 2015

Boomers, Millennials & Stunning 74% Collapse In Stocks

In the popular perception of economics, some things are taken to be self-evident. Like the truism that investors should just buy and hold stocks for the long term. Or that prosperity is attainable through hard work, saving and home ownership. Or that a college education is the path to personal empowerment.

But the truth is, our history is limited. The Baby Boomer generation — the 76 million Americans born between 1946 and 1964 — was the first to really live a full lifecycle in the economy as currently structured. Members of the Greatest Generation were paying their mortgages when the value of the U.S. dollar was still tied to gold. Before that, folks remembered what it was like when there was no Federal Reserve — or federal income taxes, for that matter.

- Source, King World News, Read more here.

Thursday, January 15, 2015

Bad News Is Bad News, Stocks & Bond Yields Tumble After Data Triple Whammy

Well this is not supposed to happen. 2015 appears to have started with the "bad news is bad news" meme engaged as the standard USDJPY-driven opening ramp has collapsed on the back of a triple whammy of terrible data (US PMI, Construction Spending, and ISM). The Santa Rally (theoretically due to finish at the close on Monday) is in danger of not being a no-brainer... Treasury yields are plunging (10Y -6.5bps at 2.10%) Stocks only hope now is a 120.00 bounce in USDJPY....

- Source, Zero Hedge, read more here.

Monday, January 12, 2015

These 19 States Just Hiked The Minimum Wage: Here Come The "Unintended Consequences"

Starting on January 1, 2015, a one year-delayed component of Obamacare kicks in: according to the health care law, businesses that employ at least 100 full-time workers — or full-time equivalents, including part-time workers — must offer health benefits to at least 70% of those working at least 30 hours a week by Thursday, or pay a penalty. This will expand to by next year, when companies will have to provide insurance to 95% of their workers, and firms with 50 to 99 employees must offer coverage as well. As a result, and as even the USA Today reports, "many businesses in low-wage industries have hired more part-time workers and cut the hours of full-timers recently to soften the impact of new health law requirements that take effect Thursday."

- Source, Zero Hedge, read more here.

Thursday, January 8, 2015

Do Rich People Deserve To Be Rich? Russell Brand The Trews


Russell Brand The Trews (E223).
I'm joined by writer and activist George Monbiot as we discuss whether wealth really is the inevitable result of hard work.

Monday, January 5, 2015

Get REAL . . . COPPER


Jan Skoyles discusses copper with Simon Hunt of Simon Hunt Strategic Services about the industrial metal known as 'Dr. Copper' for its ability to predict the economic forecast. Due to monopolies and various price fixing schemes, Mr. Hunt reckons that other metals are now better at forecasting the future. He also makes his own predictions for where the future price may take us in the copper market in 2015.

- Source, Keiser Report

Friday, January 2, 2015

Big Kaputski of 2015


Max Keiser and Stacy Herbert celebrate the first day of 2015 with some regular guests who attempt to predict the big themes of the New Year. First, they talk to Dominic Frisby of Moneyweek.com about where it all might kick off this year - perhaps Japan? Next, Professor Steve Keen talks Minsky moments, debt deflation and the Bancor. Last, but not least, they speak to Liam Halligan of BNE.eu for his predictions on Europe, China, Russia and dividend yields in 2015.

- Source, Keiser Report