Authored by Charles Hugh-Smith via OfTwoMinds blog,
If you need some evidence that the echo-bubble in housing is global, take a look at this chart of Sweden's housing bubble.
A funny thing often occurs after a mania-fueled asset bubble pops: an echo-bubble inflates a few years later, as monetary authorities and all the institutions that depend on rising asset valuations go all-in to reflate the crushed asset class.
Authored by Jonathan Newman via The Mises Institute,
Neil deGrasse Tyson has released a new video aimed at a what he sees as a growing anti-intellectualism problem in the United States.
This is too easy. Forget NFLX Calls. As Goldman explains, the road to real riches over the past 8 years (off the '666' lows in the S&P) is simple - Sell Vol!
The S&P 500 VIX Short-Term Futures Daily Inverse Index which tracks the return of being short a one-month VIX future was up 4364% from March 9, 2009 through 1Q 2017.
Authored by Patrick Buchanan via Buchanan.org,
For the French establishment, Sunday’s presidential election came close to a near-death experience. As the Duke of Wellington said of Waterloo, it was a “damn near-run thing.”
Neither candidate of the two major parties that have ruled France since Charles De Gaulle even made it into the runoff, an astonishing repudiation of France’s national elite.
Marine Le Pen of the National Front ran second with 21.5 percent of the vote. Emmanuel Macron of the new party En Marche! won 23.8 percent.
The Looting Machine Called Capitalism
Paul Craig Roberts
I have come to the conclusion that capitalism is successful primarily because it can impose the majority of the costs associated with its economic activities on outside parties and on the environment. In other words, capitalists make profits because their costs are externalized and born by others. In the US, society and the environment have to pick up the tab produced by capitalist activity.