Economic Insanity Archives
1 December 2010 Interpol issues arrest warrant for Julian Assange of Wikileaks (Interpol); Bill Gross Continues Blasting "The Bernank's" Ponzi Policies, Self-Flagellates "Newport Beach" Multimillionaires (Zero Hedge); University Of Calgary Professor And Senior Advisor To Canadian PM Calls For Julian Assange Assassination On National TV (Zero Hedge); Wikileaks Loses Website (Zero Hedge); Wikileaks Reopens In Sweden (Zero Hedge); Fed Data Shows Foreign Banks Huge Beneficiaries of Emergency Lending Programs (Zero Hedge)
2 December 2010 Bank of America sues its insurance provider over foreclosure claims (Charlotte Observer via Trading Markets.com); John Taylor On The Parallels Between The European Union And The Congress Of Vienna (Zero Hedge); Want JP Morgan to crash? Buy silver (Guardian UK); Madoff Trustee Charges JP Morgan With "Enabling" Massive Fraud; Seeks Over $6 Billion In Recouped Profits And Damages (Zero Hedge); Fed Trying to Make It Harder for Homeowners to Fight Mortgage Fraud by Gutting Truth In Lending Laws (Zero Hedge); The Politics and Economics Of a U.S. Default (Zero Hedge); Are Accountants The Weakest Link In Unraveling The Fraudclosure Scandal? (Zero Hedge);
SEC Kills Whistleblower Initiative Claiming Its Billion Dollar Budget Is Insufficient (Zero Hedge)
3 December 2010 Joe Lieberman's Campaign To Trample The First Amendment Is Proceeding Right On Schedule (Zero Hedge); Payrolls Huge Miss: +39K Compared To Consensus Of 150K, 9.8% Unemployment Rate (Zero Hedge); Bart Chilton Urges Corrupt CFTC Colleagues To Actually Act On Behalf Of Investor Protection For Once, Move On Position Limits (Zero Hedge); M2, Up 19 Out Of 21 Consecutive Weeks, Hits Fresh All Time High Of $8,809,200,000,000 (Zero Hedge); Spanish Skies Shut Down After 90% Of Air Traffic Controllers "Call In Sick" In Protest Over Austerity (Zero Hedge); Who Needs Jobs When Wall Street Has the Fed? (CNBC); The Goldman Sack Blows The Whistle On The JP Morgue Silver Manipulation Scheme (Zero Hedge); Cheney or Assange, Who First? (Zero Hedge)
6 December 2010 The Cold War In The European Core: Luxembourg Wants Eurozone Bonds; Germany Says Drop Dead (Zero Hedge); Moody's Lowers Hungary To Lowest Investment Grade Category Baa3 From Baa1; Austria Next (Zero Hedge); Presenting The Reason For The Thanksgiving After Hours Melt Down: Another Electronic "Glitch" (Zero Hedge); Wikileaks Reveals Chinese Top Officials Say Not To Trust Country's Economic Data (Zero Hedge); Adolf As Jamie: Artist's Impression Of JPM's CEO Hearing That Silver Is Trading Over $500 (Zero Hedge); Same video as above direct on YouTube (Ads on Zero Hedge were covering the subtitles for me); Guest Post: Bernanke Is 100% Sure (Zero Hedge); Is Kemp v. Countrywide The Case That Will Bring Down Bank Of America (And RMBS)? (Zero Hedge); ECB Buys A €2 Billion In Sovereign Bonds Last Week (Zero Hedge); Flash Dash In Silver Mini Contracts On Volume Surge Breaks $30 Stops, Takes Metal Firmly Above Resistance (Zero Hedge); Watch As David Einhorn Makes A Mockery Of One-Man Fed "Expert Network" Larry Meyer (Zero Hedge); Foreclosure Fraud - Is Lee County Foreclosure Court Above the Law? (Zero Hedge); Guest Post: Fact, Fiction And Finally The Fix (Zero Hedge)
8 December 2010 America Laughs As Jon Stewart Explains How Ben Bernanke Is Robbing It Blind (Zero Hedge); Guest Post: Let's Get With The Program Already (Zero Hedge); Volatility Chasing Goes Gold: Precious Metals Drop On Year End Profit-Taking Rumor (Zero Hedge); Pentagon Paper's Daniel Ellsberg And Other Ex-Intelligence Officers "See Plusses In WikiLeaks" Disclosures (Zero Hedge); Janet Tavakoli Explains How Banks Converted US Housing Into "Fraud As A Business Model" (Zero Hedge); Michael Pento On The Two Biggest Lies In Bernanke's Latest 60 Minutes Episode (Zero Hedge); Watch Latest Farcical Senate Hearing On Flash Crash (Zero Hedge)
9 December 2010 It's Official: Ron Paul Is Head Of Monetary Policy Subcommittee (Zero Hedge); Why Ben Is Addicted To Failure (Forbes); Wall Street's Worst at Least Can Do the Math: Jonathan Weil (Bloomberg); Initial Jobless Claims At 421K, In Line With Expectations As Prior Upward Adjustment Hits 86% Of Total (Zero Hedge); Arms (TRIN) Index At Most Extreme Deviation Since 1956 (Zero Hedge); Bid Bullion Releases 171,500 Ounces Of Silver "Max Keisers" In Ongoing Campaign To Destroy JPMorgan (Zero Hedge); Mike Krieger Explains Why Silver Bullets Are The Only Defense Against Modern Financial Vampires (Zero Hedge); Thursday - Living in Ben's Stock and Bond Fantasy (Zero Hedge); Secretary of the Navy Hatches Brilliant Plan to Sell More Gulf Seafood and Transport Oil to the War Zone (Zero Hedge); QE2 Is Not Only a Mistake, "It's Criminal," Says Vitaliy Katsenelson (Yahoo TechTicker); John Williams Talks To BNN About The "Great Hyperinflationary Collapse" (Zero Hedge); M2 Rises To Fresh All Time Record, 19 Of 21 Consecutive Weekly Increases (Zero Hedge); Eric Sprott's Double Barreled Silver Issue (Zero Hedge); Goldman Implicated In CDS Price Manipulation Scandal (Zero Hedge); Bank complaints soar even after law changes (Yahoo Finance)
13 December 2010 The Economy Cannot Recover Until the Big Banks Are Broken Up (Zero Hedge); Moody's Warns There Is Increased Likelihood Of Negative Outlook To US AAA Rating In Next 2 Years (Zero Hedge); BofA Scrambling To Dump $1 Billion In Mortgage Paper (Zero Hedge); Easter Egg Out Of The BIS: US Banks Are On The Hook To The PIIGS By Over $350 Billion (Zero Hedge); Guest Post: Who's Lying? (Zero Hedge); A Secretive Banking Elite Rules Trading in Derivatives (New York Times); Will Spain Default? The Answer Is Not Hard To Determine If You Take An Objective Look At The Numbers And Recent History! (Zero Hedge)
14 December 2010 Failing to Prosecute Wall Street Fraud Is Extending Our Economic Problems (Zero Hedge); Violent clashes erupt in Italy after Berlusconi survives no-confidence vote (YouTube); Goldman Works Its Capture Magic, Hires 15 Year New York Fed Derivatives Reform Veteran (Zero Hedge); Must Watch: Stockman Explains To Ratigan How In Thirty Years America Spent Enough Debt To LBO Itself, And Ended Up Bankrupt (Zero Hedge); Ron Paul, Head Of Monetary Policy Subcommittee: "Yes I Would End The Fed" (Zero Hedge)
15 December 2010 BofA gets more time for talks over soured loans (Yahoo Finance); New General Strike Paralyzes Greece As 100,000 Protesters Take To Athens Streets (Zero Hedge); Very Vocal Hearing On Mortgage Services And Foreclosure Practices In Process (Zero Hedge); Video Of Greek Riot Violence (Zero Hedge); Retail Investors Celebrate 32 Consecutive Weeks Of Equity Outflows By Pulling Money Out Of Taxable Bond Funds As Well (Zero Hedge); Nic Lenoir On Why The Euro Is About To Crash And Burn, And Why His Concern For The "New Normal" Is Not Slow Growth But Civil War (Zero Hedge); Obama's Novel Spin On M.A.D. - "Assured Self-Destruction"; President Tells Congress Not Passing Tax Deal Would End His Presidency (Zero Hedge); Contrary To Rumors, New York Comptroller Sees An Increase In Banker Bonuses In 2011, As Rick's Cabaret Prepares To Add Locations (Zero Hedge); Guest Post: What The Silver Vigilantes Understand That You Probably Don't (Arithmetic, Human Nature and other Stuff) (Zero Hedge); Foreclosure Activity Plunges By Record Amount In November As Fraudclosure Forces Banks To Halt Evictions (Zero Hedge); Munis Are The First Official Burning Theater: "There Is An Avalanche Of Bid-Wanteds" As Nobody Can "Accomodate This Much Sell-Side Pressure" (Zero Hedge); Head of Bank of England Said In March 2008 That We Have a SOLVENCY - Not a Liquidity - Crisis (Zero Hedge)
16 December 2010 Banks Push Fed to Curb Borrowers' Right to Rescind Mortgages (Bloomberg); Buried Deep Within The Files That The Federal Reserve Released On Thier MBS Purchase Program, We Found TARP 2.0!!! More Taxpayer Money To The Banks! (Zero Hedge); Fake-Out Thursday - Oil Scam Continues Unabated (Zero Hedge); Debt Factoids - Congressional Budget Office (Zero Hedge); Richard Koo's Latest: "Europe And US Have Learned Nothing From Japan's Lessons And Will Repeat Its Mistakes" (Zero Hedge); Foreclosure Fraud Arrest Tally: Arrested 22; Bankers Responsible 0 (Zero Hedge)
17 December 2010 CME Hikes Margins Across The Board: Copper, Palladium, Silver, And, Oddly, IR Swaps, Treasurys And Fed Funds (Zero Hedge); Chinese Take-Out Of The U.S. Economy, Debt Crisis Triggering Reserves Conversion into Gold and Silver (Market Oracle); Investors: We're done with stocks (Investment News); Arizona, Nevada sue BofA over loan modifications (Yahoo Finance); Peter Schiff - It's Scary How Clueless Bernanke Is (Yahoo TechTicker on YouTube); Extreme Inequality Helped Cause Both the Great Depression and the Current Economic Crisis (Zero Hedge); IRS - Heck of a Job! (Zero Hedge)
20 December 2010 After BofA Escalates, Refuses To Process Wikileaks' Payments, Wiki Retaliates, Advises Americans To Put Their Money "Somewhere Safer" (Zero Hedge); Guest Post: For How Much Longer Can China Resist Raising Rates? (Zero Hedge); The Next Stop In Obama's Political Suicide Tour: Announcing Social Security Cuts During State Of The Union Address (Zero Hedge); Riots Erupt In Bangladesh After Stock Market Plunges 6.7% (Zero Hedge); JPM Fraudclosure Whistleblower Emerges (Zero Hedge); Chinese Chess (Weekly Standard) (Zero Hedge); Andrew Cuomo To File Fraud Charges Against Ernst & Young For Lehman Repo 105 Involvement (Zero Hedge); Guest Post: The Bennie Who Stole Christmas (Zero Hedge); Unmasking The Unintended Consequences Of US Central Planning (Zero Hedge); $24.5 Trillion In US National Debt, $144 Trillion In Unfunded Liabilities In... 2015 (Zero Hedge); Too Much Alcohol (Zero Hedge)
22 December 2010 Q3 GDP Final Revision Of 2.6%, Lower Than 2.8% Consensus, Inventories Climb Again As Personal Consumption Revision Plunges (Zero Hedge); Existing Home Sales Come At 4.68 Million, Miss Estimates Of 4.75 Million, Home Inventory At 9.5 Months Supply (Zero Hedge); Scott Minerd's Detailed Pre-Mortem On What Europe's Bank Run Will Look Like, And Other Observations (Zero Hedge); Refuting The Housing Recovery Falacy Courtesy Of... The Fed? (Zero Hedge); The First Casualty Of An "Improving" Economy: The Fast Food Dollar Menu, As McDonalds Considers Hiking Prices (Zero Hedge); No End In Sight To Equity Outflows As Stock Boycott Persists Despite Largest Bond Outflow Since Lehman Failure (Zero Hedge); Guest Post: House Values Fall 30%, But Property Taxes Keep Rising (Zero Hedge); Financial Interests Dictate Sovereign Policy (Zero Hedge); Congressman Miller Joins Economists and Financial Experts In Demanding a Stop to Mortgage Servicer Fraud -- a Significant Cause of Foreclosures (Zero Hedge)
23 December 2010 Rosenberg's Top Ten Reasons For Cautiousness In 2011 (Zero Hedge); A Guest's Contrarian Take On Dennis Kucinich's Recent Attempt To "End The Fed" (Zero Hedge); Bloomberg Sues The Bucket Shop Known As The ECB, Seeks Disclosure Of Secret Greek Swap Documents (Zero Hedge); After Nearly Two Years Of Searching, TrimTabs Still Can't Figure Out Who Is Buying Stocks (Zero Hedge); An Irrevocable Right to Benefits? (Zero Hedge)
27 December 2010 The Tax-Payers' Tab: a Cool $9 Trillion and Then Some (Zero Hedge); The JP Morgue Whistleblowers Are Back (Zero Hedge); China's Christmas Present To The World: Another Interest Rate Hike (Zero Hedge); John Embry: "Gold, Silver Could Go Ballistic By Year End" (2011 Presumably) (Zero Hedge); Mandarin Monday - China Tightens, Snow Chills Markets (Zero Hedge)
28 December 2010 Cafferty Faucher LLP Files Class Action Lawsuit against JPMorgan and HSBC Alleging Manipulation of Silver Bar Financial Products (Business Wire); Guest Post: Retirement Account Fantasy And Middle Class Erosion - 1 Out Of 3 Americans Has Zero Dollars In A Retirement Account (Zero Hedge); William Black: the dominance of unethical banking (Parker Spitzer Blogs CNN); Case Shiller Misses Consensus As Home Price Decline Continues For 4th Month (Zero Hedge); How Allstate Used Sampling To Confirm BofA/Countrywide Lied About Virtually Everything When Selling Mortgages (Zero Hedge); As Clearly Forecasted On BoomBustBlog, Housing Prices Commence Their Downward Price Movement In Search Of Equilibrium Scraping Depression Levels (Zero Hedge)
29 December 2010 Guest Post: Oil Juggernaut Unleashed (Zero Hedge); How "Killer B" and "Deadly D" Strategies Allow Companies To Repatriate Billions And Find Higher IRR Alternatives To Hiring (Zero Hedge); Guest Post: Dude, Where's My Job (Zero Hedge); Breakfast with Jamie [Dimon] (Zero Hedge); Underneath the Happy Talk, Is This As Bad as the Great Depression? (Zero Hedge); After 33 Consecutive Weeks Of Outflows, ICI Reports First Inflow Into US Equity Funds As Bond Outflows Persist (Zero Hedge)
30 December 2010 Initial Claims Print At 388K, Far Lower Than Expectations Of 418K, Non-Seasonally Adjusted Claims Jump To 521K (Zero Hedge); 2011 Year End Gold At $1,630...Sub $1,000... Or Entering A Diamond Top? (Zero Hedge); Guest Post: If We Close Our Eyes, The Monster Will Go Away (Zero Hedge); Mike Krieger's Macro Themes For 2011 (Zero Hedge); New York May Seize Nassau Finances on Budget Deficit (Bloomberg); In 2011 The Baby Boomers Start To Turn 65: 16 Statistics About The Coming Retirement Crisis That Will Drop Your Jaw (The American Dream)
31 December 2010 Must See: Howard Davidowitz Destroys The Recovery Illusion, Debunks The Consumer Renaissance (Zero Hedge); Matterhorn Closes The Year In Style: "Hyperinflation Will Drive Gold To Unthinkable Heights" (Zero Hedge); How the mortgage clearinghouse MERS became a villain in the foreclosure mess (Washington Post); Debunking Krugman (Again): On The Shift From Net To Gross Income Tax Basis (Zero Hedge); Will Silver Be Worth More Than Gold? Perspectives On A Coming Silver Shortage (Zero Hedge);
Read Ted Butler's Prophetic Letter Warning Of COMEX Silver Manipulation... In 1989 (Zero Hedge)
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