Apr 1, 2014 11:01 AM

Hopefully this will cover a portion of the shortfall in government pensions. It's an absolute disgrace that public workers should be denied their hard-earned pensions after a life of contributions to this country. Everybody is going to need to chip in to make sure that public retireees get the pensions that they were promised. Our politicians have let them down, and it is our duty to repay them for their service to this country.

Apr 1, 2014 11:04 AM

The European youth want jobs and they want free education. They're sick and tired of hearing about 'Austerity' and cuts to governmnet spending. Everybody knows that there is plenty of money to go around. How about we spend it on the people for a change? It's time for governments to scrap college fees and create jobs so that the people can get what they deserve. 

Apr 1, 2016 12:31 PM

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Apr 1, 2016 12:31 PM

An excerpt from my new book, "Tricks of the Trade - Hard-Learned Lessons from a Real Wall Street Veteran"

Lesson 4 - Go In Big, Or Don't Go In At all

Fortune favors the bold . Those who have made it in trading know that you simply cannot succeed without taking large risks. It's not sufficient just to have a consistently profitable trading strategy. No matter how profitable your strategy, if you trade with a meek amount of capital, you will never make it big. Professional traders are not afraid to risk it all in a split second, without even breaking a sweat. The pros are trained killers with nerves of steel - when they see an opportunity, they seize it with both hands and don't look back. Risk really isn't a factor when you know what you're doing. Champion traders laugh when amateurs ask them about 'risk management' and 'setting stops' - elite traders never set stops. They trade in and out of the market using their laser sharp instinct and informed market analysis, and they never doubt themselves. Using stops is an indication that you lack conviction in your position. If you feel the need to 'play it safe' and have a fear of losing, you have already lost the battle. The hard reality is, most people are just not cut out to be top traders, and are doomed to failure or mediocrity. It is up to you to determine whether you truly have what it takes, and if so, to have the courage to risk it all.

Apr 1, 2016 6:49 AM

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Apr 1, 2016 6:49 AM

Oh I get it, so now every explosion can be blamed on Muslim 'extremists'. Nice try, but everyone knows you are a bunch of Islamaphobic racists. Today's Accredited Times article is about unconscious racism, and how to tell if you are a perpetrator.

Apr 1, 2016 8:41 AM

This is a huge beat on expectations! Holy moly! This is not good news at all for the bears that continue to go broke by betting against America and the global recovery! I simply cannot believe that anyone can still not see that we are in a recovery, when we have had consistently spectacular jobs numbers year, after year, after year. How dense do you have to be to not see how promising these green shoots are? I'm telling you, you will never go broker buying the dips on the S&P 500 - it works every time. Fuck'n A BABY!

Apr 1, 2016 9:25 AM

For those idiots that still bring up the fact that many people are considered not in the labor force, I have a question for you: Do you think that students, retirees and people who choose to live on government benefits (a lifestyle choice that we are all entitled to), should be considered unemployed? Or does it make more sense to exclude them from the report since they're not even seeking work? Unemployed is only a bad thing if you want a job - many people choose not to have a job, and that is their right as Americans.

Apr 10, 2012 10:40 AM

US treasuries are still MASSIVELY undervalued at these yields. What other instrument gives you a RISK-FREE 2% return!? Not only that but UST's are an unequalled hedge against potential economic turmoil.

Apr 10, 2012 10:59 AM

Apr 10, 2012 11:50 AM

... Meanwhile the VIX is calmly trading below 20, in line with the global economic recovery. I am truly saddened by the inability of doomer rednecks to see the green shoots in the global economy. Almost every economic indicator is pointing towards increased growth and a solid recovery, but doomer libertarians are too blind to see this.

Apr 10, 2012 6:00 PM

Apr 10, 2013 2:24 PM

HAHAHAHAHA!!! This serves Bitcoinbugs right for 'investing' in this ponzi scheme of invisible coins. Seriously, who actually thought this would work? Libertardians are so weird ...

Apr 10, 2013 2:32 PM

Here are some major concerns that many reasonable open minded people have about bitcoin:

1. If all computers in the world shut down at the same time, what will happen to my bitcoins?

2. If the internet gets shut down across the entire planet, what happens to my bitcoins?

3. If somebody breaks the code, what happens to my bitcoins?

4. If somebidy hacks into bitcoin, what happens to my bitcoins?

LOL, seriously this idea is so retarded. I can't actually believe anyone actually buys these invisible ponzi coins. These nerdy anarchist freaks trust computers more than their own government. What a bunch of creeps.

Apr 11, 2012 5:12 PM

I must admit that I am heavily overweight high yield debt myself. The Greek restructuring turned out to be shining success, despite the whining of doomer libertarians, and this bodes well for the rest of Europe and the global economy. The solid and steady global recovery is also showing increasingly many green shoots which I find very encouraging. In my opinion, this is definitely a time to be buying risk assets.

Apr 11, 2012 9:34 AM

The single biggest issue for presidential candidates this year is going to be the ECONOMY. Candidates need to convince Americans that they will create jobs, build communities, invest in education and subsidise forward-thinking green technologies like wind farms and biofuels. In addition, they are going to have to reassure Americans that there will be absolutely NO CUTS from essential programs like social security and Medicare. All of these factors will need to be taken into account when pitching a savvy political campaign to potential voters. The pressure is on, and I don't envy politicians one bit, as they are going to have to work hard to gain America's trust.

Apr 11, 2013 11:07 AM

I would be very agnry too if I were Bill Gross. After investing millions of dollars of his clients' money shorting treasuries, only to see record low yields, Bill Gross is struggling to accept his shortcomings as an investor and the embarrasment of his association with the doomer libertarian community.  

Apr 11, 2013 11:14 AM

Things are moving along. I'm now focused on signing up as many distributors as possible. I've realized that the BIG money is in signing up smart motivated sellers, rather than selling the product yourself. That's the key. I've signed up three friends, and I'm hoping they'll start selling soon so I can generate some serious income.

Apr 11, 2013 12:24 PM

This is all pretty rich coming from libertarians who still can't admit that trickle down economics has failed.

Apr 11, 2014 10:15 AM

This is actually a great opportunity for Europe to move away from harmful fossil fuels and start investing in green sustainable energy sources. Never before in history have the incentives for countries to invest in green technology been greater. Climate change and energy independence are now one problem, and the need for action is greater than ever.

Apr 11, 2016 10:14 AM

This may be your last opportunity to get rid of your gold before the great gold crash. This bubble popped a long time ago, and I doubt we will have another dead cat bounce before tumbling to new lows. I'm begging you to listen to me - don't be one of the bag-holders who ignored my advice when we were trading at the highs - it's not too late to save your money!  

Apr 11, 2016 10:33 AM

It's exhausting trying to explain these things to the amateurs. Life is not black and white, and things are not always what they seem. This news is positive for two reasons:

1. Things can only improve from here
2. Weak economic data is a reason for our Federal Reserve to introduce further monetary stimulus

Apr 11, 2016 11:26 AM

I'm not sure I agree with the verdict here, but I'm glad that the proceeds of this fine are being distributed by the appropriate government officials, in order to ensure that victims of the alleged financial fraud are compensated. Compensating people for sophisticated financial fraud is no easy task, so the best solution is always to hand the money to dedicated government departments who specialize in distributing wealth fairly. This is a win for the people - we are now 5 billion dollars richer - and we will likely see this wealth trickle down over the next couple of years. 

Apr 11, 2016 11:27 AM

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Apr 11, 2016 11:57 AM

As a progressive, I see this as more of an opportunity than a problem. Voters from lower socio-economic backgrounds and more diverse ethnicities are more open to progressive ideas. By changing the demographics of traditionally white-dominated countries, we are making the world more amenable to progress. Read more about the benefits of demographic changes in today's article at the Accredited Times:

Apr 11, 2016 11:58 AM

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Apr 11, 2016 12:23 PM

What you really mean is 75% of white male Americans don't recognize their country anymore. Stop trying to hide your obvious racism. What exactly is it that people are upset about? Is it the fact that America is becoming a more diverse nation that is more representative of our globalized world? White Americans cannot isolate themselves from the rest of the world. The world is not as conservative as you, and you need to modernize your political beliefs. America is not a white or Christian nation anymore, and you need to get used to it, because our demographics have shifted permanently and the changes are only accelerating. Soon, you won't be able to elect racist republican bigots who want to close our borders, because your breed is dying out. Just embrace it, ok? This is the only way forward.

Apr 11, 2016 12:23 PM

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Apr 11, 2016 9:50 AM

Today's article at the Accredited Times covers the exciting demographic trends that are shaping America's political landscape, and making us more amenable to progressive values than ever before. We need to continue to diversify our demographics in order to remove traditional opposition to societal progress, so that we can finally make America a truly liberal democracy.

Apr 12, 2012 10:56 AM

Contrary to what many libertarians say, the Greek people are NOT responsible for the debt. They weren't voting for increased debt over the last two decades; just increased benefits. They had no idea that these were being paid for with debt - they only found this out recently. It would be beyond their responsibility to have an understanding of the budget and what some future generation will be paying 20-30 years later. So mean libertarians should lay off a little in my opinion.

Apr 12, 2012 5:12 PM

Rick Santelli is overexaggerating as usual. The debt is not that large, and Obama has managed to get the budget under control. This doomer fear mongering is getting tiring. What is it the doomers are so angry about?? We have a strong recovery, low inflation and firm fundamentals for economic growth, but you will never get a doomer redneck to admit this. Why don’t you morons learn economics and stop whining.

Apr 12, 2012 5:57 PM

"I ACE'd Banking too, thank God I didn't go into that field"

Why not? Investment Banking professionals are in high demand at the moment. I believe the top tier investment banks had a record intake of top graduates last year. Crazy smart, these guys - almost all Ivy League educated.

Apr 12, 2012 6:38 PM

"to keep interest rates below reality"

No. Interest rates ARE low. This is the reality. The ten year is at 2% despite the constant whining about how deficits are too large. The fact that interest rates are at all time lows refutes this proposition entirely. 

To quote Neetzsche:

"Sometimes people don't want to hear the truth because they don't want the illusions destroyed"

Apr 12, 2012 9:40 AM

This report is completely inaccurate I'm afraid. Way too exaggerated and overextremist. European banks are actually in good shape and are positioned to prosper from the global recovery.

Apr 12, 2016 10:45 AM

Why panic when the long term trend line underlying the S&P 500 continues to hold? Every experienced investor knows that the trend is your friend, and you would be foolish to sell your stocks under the presumption that they are "overbought" or "overvalued". Let the market dictate whether it is overvalued - as long as it keeps rising, the smart money will continue to buy and reap great rewards, while the permabears sit and sulk on the sidelines, waiting for their moment of vindication that never seems to come.

Apr 12, 2016 11:06 AM

I feel sorry for peak oilers.  They are so embarrassed about this oil price shock that completely took them by surprise, they seem to have disappeared and are too ashamed to show their faces. It really shows what can happen to permabears that get too carried away - they inevitably get knocked off their feet and don't know what hit them. Let this be a lesson to the other pessimists out there who continue to downplay stocks and talk up gold: your time is coming too. And so much for 'hyperinflation' that was supposed to take oil into the 200's - who would have thought we'd be trading down here all these years later? It really does highlight the ignorance and incompetence of doomer permabears.  

Apr 12, 2016 11:49 AM

Maybe it will require less energy to extract oil if extraction technology improves sufficiently. Your mistake is to assume you have a crystal ball that is smarter than the market. If you are so much smarter than the market, how come you peak oilers are so wrong all of the time?

Apr 12, 2016 11:52 AM

But it's an excess of supply that is causing this oil price shock, not a lack of demand. Try again. 

Apr 12, 2016 12:10 PM

Although it may not be politically correct, economists such as Dr Paul Krugman have long documented the many economic benefits of war. Following the second world war, America experienced an economic boom, after Americans were put back to work with the improved morale and work ethic that you learn during combat. In addition, military contractors are some of our most prized manufacturing companies, so increased military spending helps create those top quality manufacturing jobs that ZHers are constantly lusting over. At the same time, America will accomplish its foreign policy objectives, so it's really a win-win for the country. The only drawback is the casualties of war. However, although it may be controversial, there is an economic consensus that the benefits of war usually outweigh the drawbacks.

Apr 12, 2016 12:42 PM

Republicans need to understand that the GOP can do whatever it likes. Selecting a candidate is not a popularity contest. Certainly the votes will be taken into consideration, but ultimately it's a decision that is made by that party officials, and  whiny republican voters need to get this through their heads. You do not run the party, and it's not your decision.

Apr 12, 2016 12:54 PM

Fracking is partly responsible for this oversupply, in addition to all the environmental problems it causes. It's shocking that Donald Trump is actually talking about removing bans on fracking and allowing our environment to be destroyed. Frackers need to FRACK OFF, and leave our environment alone. Another trend that is causing oil prices to fall is a growing demand for cleaner, green technologies such as wind and solar. Bernie Sanders wants to increase investment in these promising technologies, which I think is a smart idea. We don't need oil anymore - this is the 21st century and we need to start getting off of fossil fuels once and for all. Why are we still producing CO2 pollution when there are so many alternatives? It just doesn't make any sense.

Apr 12, 2016 4:08 PM

Why would equities fall in price when we’ve had such strong economic growth? We’ve now had a positive string of NFP reports going back over five years. Now if that’s not a sign that we’re in a recovery, I don’t know what is. Worrying about stock prices falling is completely missing the real danger, which is the risk of our growing economy getting overheated and running into a bubble like it did in 2007. We need to be cautious and make sure we don’t let this recovery get out of hand. Right now, our Federal Reserve is doing things just right – we’ve had steady, low volatility stock market returns; not too much growth, but not too little either. And that’s exactly what the science of economics is designed to achieve. Read more about how our economic officials are creating untold economic growth and prosperity using breakthroughs in economic science in today’s article at the Accredited Times:

Apr 12, 2016 9:59 AM

It's a mistake to pay too much attention to the news in this day and age. We live in a time where economic experts manage the markets for optimal prosperity and the greater good. Today's article at the Accredited Times explains how the science of economics is reshaping our lives for the better, and creating untold economic prosperity:

Apr 13, 2012 10:22 AM

I would give more credibility to this index if it were from a more reputable university. I'm sorry to say it, but University of Michigan is neither an Ivy nor a top tier institution among the ranks of MIT, Stanford or Berkeley. I simply cannot give credibility to an institution of such modest calibre.

Apr 13, 2012 11:23 AM

It's ironic that on one hand we have lazy ZH day traders who sit around all day like greasy hobos in their pyjamas chasing headlines and crying on blogs about 'manipulation' every time they lose money. And on the other hand our president is working 24/7 trying to run this country in one of the most stressful and demanding jobs on the planet. These morally reprehensible 'traders' only pay capital gains tax, and then they have the gall to critisize our president. I am absolutely disgusted at the lack of courtesy that these filthy miscreants show for people in authority. 

Apr 13, 2012 11:43 AM

*Sigh* ... Here we go again.

It's not a conspiracy to 'control' us. The government needs tax revenue to make interest payments on the national debt, and thanks to the effective policy of our Federal Reserve these payments are very low indeed. I bet you never thank Dr Bernanke for keeping the ten year at 2%, but this is actually the reason why your taxes are so insanely low. Most Americans are happy to pay their taxes, and they are also keen that other people pay their fair share to make this country (and the world) a better place.

Apr 13, 2012 12:13 PM

Professor Ben Bernanke cannot just "lower rates to 0%". You are clearly not familiar with the intricacies of monetary policy and the delicate framework our monetary authorities have to navigate. Maybe this ignorance explains the ZH readerships' complete disregard for the incredible work our Federal Reseve does on our behalf. Influencing interest rates is just one of many tools our central bankers employ to pursue their dual mandate for maximum employment and price stability.

Apr 13, 2016 11:30 AM

This is only the beginning if we fail to address our country's staggering wealth inequality. Today's article at the Accredited Times examines the common misconceptions about raising the minimum wage, and why doing so could be a solution to nation's growing wealth disparity problem.

Apr 13, 2016 11:42 AM

Maybe the officials at the Atlanta Fed are factoring in the effect of fiscal and monetary stimulus measures following this weaker than expected data. Stimulus normally benefits GDP, regardless of other factors.

Apr 13, 2016 12:30 PM

How I was mocked for buying Facebook stock at the IPO and dollar cost averaging for the subsequent months. Facebook has literally been one of my best investments over the last five years, and everything I predicted about the company's performance came true. Yet, how many sleazy ZHers have apologized for mocking me? Precisely zero.

Apr 14, 2016 11:22 AM

Sorry to disturb your silverbug echo chamber, but a settlement is NOT an admission of guilt. In all likelihood, Deutche Bank has far more important things to do than fight a long court case with paranoid silverbugz, especially when they're undergoing a major restructuring. The silver bubble popped a long time ago, and the mature thing to do is to admit you were wrong, rather than inventing an endless string of conspiracy theories to justify why the market didn't go in the direction you predicted it would. The first step to solving a problem is to admit that there is one, and silverbugz desperately need to come to come to terms with their crazed silver-buying addiction. It's costing them an enormous amount of money, and blinding them to other much more attractive investments such as equities and bonds. 

Apr 14, 2016 12:05 PM

My latest article is on raising the minimum wage, and the related economic literature.

Apr 15, 2013 10:12 AM

10 reasons why I hate goldbugs:

1. They cry about ‘manipulation’ every time they lose money
2. They hoard gold instead of investing in the economy, denying millions of people jobs and income growth
3. They undermine our national currency and national interests
4. They selfishly pursue profit at the expense of others
5. They keep ‘stacking’, even when they’ve already lost half of their family’s retirement
6. They have no understanding of basic economic principles
7. They snobbishly reject all other investments
8. They have a lemming-like mentality, and buy in panic whenever they see any second-rate article about 'armageddon' or 'hyperinflation'
9. They have an inability to see the other side of the gold argument
10. They rush to one another’s defence in pro-gold arguments, even if they have no understanding of the argument at hand

Apr 15, 2013 10:28 AM

Gold is treated like an investment. Investment money that goes into gold should be financing companies and supporting our government. That's why I hate goldbugz.

Apr 15, 2013 10:31 AM

Wrong again :) Bank deposits are used to finance companies and help grow the eonomy. Pension funds also buy government bonds and help finance our government so that they can keep spending. This is a productive use of money. Gold I'm afraid, is not (sorry).

Apr 15, 2016 10:08 AM

Many economists believe that we need a catalyst akin to, if not equal to, a World War III, in order to truly revive our economy and usher in a new age of prosperity. This may appear controversial to ordinary people, but in academia this is a common belief. We need to seriously consider what a war could do for our economy, much like World War II ended the great depression.

Apr 15, 2016 10:31 AM

This may seem like a lot, but when you understand the extent of China's deflation problem, you realize that this is just a drop in the ocean. Ordinary people can barely comprehend the economic catastrophe that economic officials are averting by flushing the system with demand. When you have no demand, you have no growth and no employment. You really should get an education in economics before commenting on these issues, as currently most of you don't seem to understand what you're talking about.

Apr 15, 2016 10:32 AM

Well, we could wait for that, or we could act now to avert it.

Apr 15, 2016 11:14 AM

We are running a serious risk of deflation because of indecisive and anaemic fiscal and monetary policy! What is it going to take for our economic officials to get the magnitude of the deflationary threat? Our economy is starved of demand! Are we really going to have to wait for a recession before our officials wake up and do what it takes to stimulate the economy? Why can't we learn from history and avert this disaster!?

Apr 15, 2016 11:34 AM

All primary dealer banks are classed as Systemically Important Financial Institutions (SIFIs), meaning that their failure would be an existential threat to our economy. We need to protect these institutions no matter what, for if we fail to do so we may find ourselves without a job, without a house and no money in the bank. Banks control our money supply, and money is the essence of the economy. Without banks, the money stops flowing, and without money, the economy dies.

Apr 15, 2016 11:57 AM

What do you mean get rid of "Too Big To Fail"? These banks are too big to fail - it's as simple as that. What is the alternative? Just stand by and watch as millions of people see their bank accounts simply evaporate? There would literally be blood in the streets. We have to protect our financial institutions - there is no alternative! Yes, we need to regulate them too, and all salaries should be controlled, not just those on Wall Street - executives earn way too much, I get it. But don't confuse making our economy fair with let ting bank fail. If we let our banks fail, we won't even have an economy!

Apr 15, 2016 12:09 PM

I only become the center of attention if people choose to respond to me. If you read my comment as satire, I'm afraid you are mistaken my friend. The threat of a deflationary collapse is very, very real, and simply dismissing my words will not make the problem go away.

Apr 15, 2016 12:27 PM

Central banking is indeed a form of economic planning, and I see nothing wrong with this. Central planning works, but they key is to make sure it's managed by people who know what they're doing. Many centrally planned economies got this wrong, and they suffered the consequences. Central planning only works if you have the creme de la creme of economic geniuses in charge. Economics is extremely complex, and economic planning is even more complex than that. This is a job for modern day academic superheroes, not your average economist. Every developed economy has a few of these people - the key is to identify these wizards and then give them the tools to manage the economy effectively.

Apr 15, 2016 6:56 PM

So many people are getting rich off of stocks while ZHers sit here and complain about ‘manipulation’. Are the CBs buying stocks? If so, who cares! Buying the S&P 500 close to its rising trend line has be a no-brainer strategy for the last five years. It’s literally like having a personal ATM. Some guys are buying with so much leverage, it’s just crazy … and they never get stopped out! Contrast that to gold and silver, which have been deadly over the last couple of years, no doubt costing doomer ZHers a fortune; which is doubly sad given they could have doubled and tripled that money in the stock market, or quintupled it if they’d bought European peripheral bonds in 2012 like I suggested. It’s so weird seeing everyone so pessimistic when stock buyers are cracking open the champagne month after month! Stocks are the gift that just never stops giving – it’s basically a guaranteed investment! 

Apr 15, 2016 7:21 PM

Here’s just a small sample of my investment recommendations to ZHers, all of which were ignored of course. Just goes to show that the permabears can’t get enough of losing money and never get tired of missing out!

Buying Facebook in May 2012 (170% return): 

Apr 15, 2016 8:31 AM

Free speech shouldn't always be allowed. When 'free speech' causes political turbulance and damages relationships with a country's allies, it's arguable that such speech is bad for the common good. Free speech should be allowed as long as it doesn't upset the balance of society, and it serves a practical purpose. Otherwise, it should be banned.

Apr 16, 2012 3:23 PM

Reasons why Ron Paul is NOT a credible candidate:

1. Ron Paul favors ending foreign aid to Israel, one of our key strategic allies. This will result in a serious blow to our joint effort to end terrorism and spread freedom worldwide.
2. Mr Paul is a know racist, who supports the repeal of the civil rights act. It has been documented by countless history professors that slavery would not have ended without this legislation and that if it were to be repealed today, people would become racist again.
3. Ron Paul favors auditing the Federal Reserve Bank of the United States of America. According to many economists and Federal Reserve officials, including members of top financial institutions like Goldman Sachs and JP Morgan Chase, this would seriously compromise their ability to set monetary policy independently of congress. 

Apr 16, 2012 4:21 PM

I’m sorry to break it to you, but that is known as speculation. Speculation is an opportunistic, greedy and immoral practise that is destroying confidence in our economy. Nancy Pelosi correctly identified speculators as the key driver for gas prices in America. Because greedy profiteers are making money in commodity futures, poor people are paying more to fill up their tanks and put food on the table. Professional investors distinguish themselves from speculators by investing according to fundamentals for economic growth only. Real investors don't just "bet money on QE". Instead they buy and hold mean-variance optimized equity portfolios for optimal diversification and steady consistent returns.  

Apr 17, 2012 10:01 AM

This bubble is well overdue for a collapse. We had the blow-off top at 1900+, and we had the bull trap retracement to 1790. This is the final stage of the gold bubble: capitulation. I feel genuinely sorry for goldbugs right now. I have warned them countless times to get out of this bubble, but each time my warnings have been met with dismissal and verbal abuse.

Apr 17, 2012 9:45 AM

It is indisputable that speculators are the PRIMARY driver for oil prices. Most Democrats understand this very well and have been trying to stop speculators for decades, but sadly they have failed to overcome the mass of right-wing ignorance on this issue. Oil speculators also put downward pressure on many equities held by pension funds which is damaging peoples' retirement portfolios.

Apr 17, 2013 10:54 AM

This article does a great job of explaining why gold has fallen 15% over the last week, crushing goldbugz and making silverbug lemmings cry:

Apr 17, 2013 2:04 PM

This incident has has highlighted some serious shortcomings of our national security policy. We need to seriously review what went wrong here and rethink our anti-terrorism policy. One area that needs to be developed is our ability to track and identify all people on American soil. This data is freely accessible from mobile phones and the identities of the users can simply be stored with the associated mobile phone number in a government database. What's so complicated about that? Whay aren't we doing this? This is the kind of slack government that drives me crazy.

Apr 18, 2012 11:37 AM

Your kind - the anarcho-capitalist extremists, are the most dangerous and extreme group America has had to deal with since the KKK. I'm sick and tired of your kind hijacking the freedom movement for your own crazy ideologies. The DEMOCRATS have always been the REAL freedom movement. We have been fighting for increased equality in America since the great society programs and the war on poverty. Since then we have created the most fair society on the planet with decreased gap between rich and poor, better job opportunities, a growing economy and a bright future with upward mobility for the disadvantaged. I think we deserve some credit for this.       

Apr 18, 2012 8:36 AM

This definitely a move in the right direction. Crimes against the state, and threats thereof, are on the rise in America; especially from extreme libertarian groups like the so-called "sovereign citizens" and "the alternative market project". It's all very well to claim that you're a "peaceful" group, but what happens when one of these nuts plans a domestic terror attack or encourages people to stop paying their taxes? These groups are a threat to our way of life in America and to traditional American values. It is the duty of all patriotic Americans to keep an eye out for suspicious activity and to report ANY data they think might help the government to develop this technology. This is the only way we can ensure the safety of our children in America.  

Apr 18, 2016 10:01 AM

Hillary cannot be held responsible for the actions of her political connections. The Panama papers say a lot more about the corruption in Putin's Russia than they do about the United States. At least Hillary has condemned tax evasion, unlike Putin who claims that the Panama papers story is just a psyop to smear Russia, a completely ridiculous claim. Why isn't Zerohedge criticizing Putin's connections? That's the real story here, but nobody wants to talk about it.

Apr 18, 2016 10:59 AM

What has 'hedging' done for investors in the S&P 500 over the last five years? It's only served to reduce profits. If you trust in our Federal Reserve's ability to support economic growth, the jobs numbers keep coming out positive month after month, and our officials have committed to intervening in the event of a crisis, then why fear a black swan event? The 'Yellen put' provides a rare opportunity to buy stocks without the overhead of hedging. In fact, the extra profits that you make by foregoing hedging are a kind of hedge. The more money you make, the more you have to put aside to offset any future losses. It's just common sense.

Apr 18, 2016 11:19 AM

Why would any trader be complaining when there are so many obvious opportunities just sitting there waiting to be taken? Here is but a small sample of my  investment recommendations over the last couple of years, all yielding triple digit returns to date!

Buying Facebook in May 2012 (170% return): 

Apr 18, 2016 11:55 AM

Right now I think shorting oil is a good idea, because you will never go broke betting against peak oilers. Not only is there an enourmous supply glut, but over the next couple of year I expect green energies to serve an increasing proportion of our energy needs. Global leaders realize that we can no longer depend on fossil fuels and are therefore slowly phasing out oil, much to the dismay of peak oilers.

Apr 19, 2012 11:31 AM

This article fails to take into account the many green shoots in the economy.  For example, we have had consistently positive NFP results coupled with superb bank stress tests, which the doomers always fail to mention. In addition, the successful Greek restructuring indicates that the "imbalances" in Portugal and Spain will be inconsequential, despite the whining from doomer libertarians. In short, the global recovery is strengthening, and we are well overdue for a sharp rebound in property prices in accordance with the fundamentals for global economic growth.

Apr 19, 2012 11:51 AM

This is one of the most ignorant articles I have read for quite some time. Here are some lessons for doomer libertarians on the real constitutional powers of the federal government:

1. The Interstate Commerce Clause allows the federal government "To regulate Commerce". Therefore it is the constitutional right of the federal government to regulate ANY business for the good of society. Case Closed.

2. The General Welfare Clause allows the federal government to tax the states and provide welfare to those who need it. This is an open and shut case I'm afraid, so libertarians better get used to it.

Also, "adopting alternative currencies" is an act of OPEN TERRORISM toward our government and Federal Reserve as it undermines our national currency. Bernard Von Nothaus was sentenced to prison for this, after being flagged by the Southern Poverty Law center as a potential counterfeiter.

Apr 19, 2012 12:00 PM

These businesses are involved in interstate commerce, so it is perfectly legitimate for the Federal Government to regulate them. Let me guess, you're another one of these purist libertarians. You think we can just let every business sell goods and services and hire people AT WILL? We need regulations to make sure consumers are not able to make uninformed choices. Because politicians are more trustworthy and responsible than average, they are more qualified to make choices for businesses and consumers than the people themselves. This is just common sense.

Apr 19, 2013 10:13 AM

The gold and silver charts just look ugly. All the major moving averages and trendlines have been broken, the MACD is negative, and sentiment is increasingly bearish on this shiny metal. Stackers better brace themselves for more pain, because this is only the beginning of the great precious metals crash.  

Apr 19, 2013 10:47 AM

We need to seriously rethink our approach to terrorism in this country. How can anybody be safe if some idiot can just set off a bomb at any location at any time?! What is our government doing about this?? What measures are being taken to make this country a safer place?!

Apr 19, 2013 9:17 AM

If ZHers had their way, there would be no police to warn us about potential terroristic activity. Thank god we live in the real world, and not a ZH utopia.

Apr 19, 2016 10:10 AM

Is anyone really surprised by this? The raw, hard data supports higher equity prices. Positive NFP reports, a booming service sector, low inflation and low interest rates. This all indicates that aggregate demand is flowing, but more importantly that our Federal Reserve's strategy is working. If more stimulus is required, our monetary officials are willing to do what is necessary to sustain growth. The rest of the data is just noise - these are the important factors underlying the economy, and as long as these hold we are going to see higher equity prices. Simple as that.

Apr 19, 2016 10:13 AM

That wouldn't affect the price if people were aware that the contracts didn't represent actual shares and that they were likely to be cash settled.

Apr 19, 2016 11:18 AM

We need to use the Olympics to unify Brazil and the world. The benefits of the Greek Olympic games offset much of the trouble in the Greek economy and as a result their economic downturn was relatively short lived. Hopefully the Olympic games will do the same for Brazil, and at the same time bring the world's attention to issues that transcend nationality, such as climate change and the refugee crisis. This is a great opportunity to unify the world and remind us that we are citizens of earth, and we all bleed red. We need to stop seeing ourselves as Americans or Brazilians, and start seeing ourselves as human beings. Only then can we come together as one, and usher in a new world order.

Apr 19, 2016 12:31 PM

Trump's doomsayer supporters will be disappointed to see that our stock market is surging and is poised to make new all time highs. If this isn't testament to the success of President Obama's economic management, then I don't know what is. President Obama inherited a disaster from the republicans, and subsequently turned one of the worst financial crises in history into a shining recovery with a roaring stock market. Gasoline is also cheaper now, and consumers will be seeing more money in their pockets as a result. I highly doubt that Trump's fear mongering will appeal to the man in the street when the economy is clearly doing so well. Voting for Trump comes with a lot of social blowback, so there needs to be a really good reason to do so, and I just don't see any good reason at the moment. I think it's going to be Hillary hands down.

Apr 19, 2016 7:26 AM

I think there is a 90% chance that we make a new all time high within the next couple of weeks. Doomer shorts are getting squeezed by the pros yet again - they just never learn! 

This also bodes well for Hillary's campaign, as people realize that things aren't as bad as the outsider candidates are making out. This move is also perfectly consistent with the long string of consistently positive NFP results, so it doesn't surprise me at all. 

Apr 19, 2016 8:49 AM

The bull's narrative is simply correct, and the other narratives are wrong. We have had consistently positive NFP reports month after month for years, interest rates are at all time lows, our service sector is booming, and we have a record number of college educated Americans. All of this data projects strong growth in the economy, and it's only a matter of time before stocks rise to reflect this reality. The market doesn't care about narratives - it cares about raw, hard data, and those of us who study the data have no problem predicting the price of equities. My analysis indicates new all time highs within weeks.

Apr 19, 2016 9:16 AM

Saving hurts the economy. Low interest rates encourage spending which boosts aggregate demand and fuels our service economy, which creates jobs. Low interest rates also support our housing market. This is very important as for most people their home is their most valuable asset. The real estate industry also employs a lot of people, so we need to support it.

Apr 19, 2016 9:41 AM

It's ironic that Zerohedgers criticize President Obama for vetoing this ridiculous piece of legislation, when the man actually responsible for 9/11, Osama Bin Laden, was captured during his term. Conservatives always forget that. The man responsible for 9/11 is dead now - he was dumped in the middle of the ocean. Can we just put this issue to rest now?

Apr 19, 2016 9:48 AM

The whole distinction between 'physical' gold and paper contracts is meaningless. It is common knowledge that the number of contracts traded exceeds the amount of gold backing them. This is because most people want cash settlement - they don't want the hassle and cost of taking delivery of physical metal. The current price of gold has already taken this information into account, and it's been falling for the last five years.

Apr 2, 2012 11:27 AM

"too much mass delusion, too much corruption"

Precisely. But this is why we need EXPERTS to allocate resources, rather than mere amateurs. The mass delusion of the ignorant investing public frequently leads to hysterical investment decisions such as equity sell-offs and speculative manias in commodities. If prices were set by objective mathematical models, there would be less volatility and more reasonable action.

Also, the best way to avoid corruption is to delegate important duties to politicians rather than leave them with the indifferent and uninterested public who have more important things to do, like watch monster truck racing or play bingo. For example, most people agree that abolishing the welfare state would be incredibly ridiculous, because the public cannot be trusted to help the poor. Since we know that politicians are more trustworthy than average people, we know that we can safely delegate this responsibility to the government.

Apr 2, 2012 5:16 PM

AAPL has been seriously impressive this year. If we get a close above 650 it's off to the races. My first short term target is 700 (I agree with Goldman) and my next price target is at least 1000. Can you believe the cash balance on this company's books!? Unreal!

Apr 2, 2013 2:25 PM

Our federal reserve is slowly but surely engineering volatility out of the market. It seems like almost ever month now that the VIX makes an all time low, much to the horror of masochistic ZH day traders. Volatility is bad for investors for many reasons. It can scare retail investors out of the market; it can make peoples' 401ks fluctuate with a veracity that scares pensioners and nauseates money managers.
Thanks to the tireless work of our monetary officials, soon we will have an economy with a steadily rising stock market and minimal volatility in perpetuity. This is 21st century economic science, and its making everyone's life easier and less risky in a way that was never before possible.

Apr 2, 2013 9:38 AM

I agree. It's far easier for the government to confiscate bitcoins than gold. +1.

Apr 20, 2012 5:28 PM

The patriot act has been deemed constitutional by America’s Supreme Court – the most learned constitutional scholars. But spotty libertarian computer nerds still won’t stop whining about “national surveillance” and "the fourth amendment". These libertarian nerds and weedy anarchists were even opposed to America going after Sadam Hussein for 9/11, such is their total hatred for American values and American freedom. 

Apr 20, 2012 9:28 AM

I agree with Professor Takenaka. It would be simply suicidal for the Bank of Japan to contract its balance sheet. This will cause a credit contraction and interest rates will soar, putting immense pressure on Japanese businesses and consumers alike. Japan has learned a hard lesson about the effects of impotent monetary policy over the last decade. Monetary and fiscal stimulus measures need to be in sufficient size in order to produce lasting results. Japan's central bankers need to get serious, and start pursuing bold and revolutionary monetary stimulus programs to kickstart growth in their economy.

Apr 20, 2016 10:22 AM

Nobody is hedging anymore. All the bears who bought put options have been blowtorched, and aren't touching the options market with a ten foot pole. This has to be one of the lowest volatility bull markets in history! It really is testament to the effectiveness 21st century scientific economic management. I think they've really cracked it this time! It seems highly doubtful that we are going to see any significant correction in stock prices over the next couple of years. This market has made so many people rich, it's just crazy. It's almost embarrassing how much money equity investors are making, while ZHers keep get poorer. It almost makes you feel guilty.  

Apr 20, 2016 12:34 PM

This is  long overdue. Why does our currency only bare the faces of old racist white men? Andrew Jackson is the worst of them all. He did absolutely nothing for this country other than oppress Native Americans and expand the power of the white male patriarchy. Libertarians and conservatives are just upset because progressives and Black Lives Matter are taking over this country. Down with America's racist past - no more confederate flags and no more slave-owning 'founding fathers'! This country was built on the backs of African slaves and the stolen land of the Native Americans. It's time for the oppressed peoples of America to be represented equally and get recognition for their suffering.

Apr 20, 2016 8:44 AM

When you look at a Trump rally, filled with aggressive, angry white, bearded males waving anti-immigration signs and foaming with hatred at our African American president, you'd be forgiven for thinking you were watching a klan gathering. The way Trump mesmerizes his supporters into a blind rage is almost Hitleresque, and his supporters' hatred for Muslims and Mexicans reminds one of how the Nazi's viewed the Jews as the source of all ill in their lives. The rise of right wing nationalism in this country is very scary, and I worry for our children's futures if our country is captured by this violent element in society. 

Apr 20, 2016 8:55 AM

Saudi Arabia are our one of our strongest allies in the war on terror. Obama captured Osama Bin Laden and dumped him in the middle of the ocean - it's over, we killed the man responsible for 9/11, and the endless conspiracy theories need to stop. It's time to put this matter to rest and show respect for the victims who died in that horrific terror attack. Inventing conspiracy theories and damaging our relationships with key allies in the war on terror is only going to harm our national security and endanger many more lives.

Apr 20, 2016 9:21 AM

This would be an absolute disaster for economy! People are already confused about where monetary policy is going - we need to stay consistent and provide a stable economic environment for businesses. A change of Fed chairman so soon after Yellen's appointment would be catastrophic for the markets. Trump doesn't think ahead when he makes decisions like this - he just blurts out whatever comes into his head. That's why he's so dangerous. The guy's a complete lunatic!

Apr 21, 2016 1:53 PM

This is patently ridiculous. All the gold in the entire world fits into a swimming pool! There simply isn't enough gold to support a gold standard! PERIOD. It's simply ludicrous to think that we could divide up this gold and denominate our currency in millionths of an ounce. Is it me or are goldbugs missing something in the head?

Apr 21, 2016 11:11 AM

The second cold war is coming, except this time we may have to engage our enemy directly. Russia's imperialist aggression threatens the peace and stability of the world and is impeding our interests overseas. If Russia does not cease its activities soon, we will have no choice but to intervene with military force. Although I don't advocate this intervention lightly, there will at least be benefits to our economy as a result of the military expenditure. I predict that we will come out of this conflict stronger than ever, despite the usual caveats of war.

Apr 21, 2016 9:30 AM

This constant probing of the 9/11 documents has been seriously damaging to our relationships with key allies such as Saudi Arabia. Proponents of these conspiracy theories should think about the consequences of their delving into our foreign affairs and consider the damage that they are doing to relationships that took decades to build. It's really disgusting to see our relationship with Saudi Arabia disintegrate because of these embarrassing attempts to insinuate their involvement in 9/11.

Apr 21, 2016 9:33 AM

Can't say I didn't warn you. The great precious metals bubble popped long ago, and this may have been the final dead cat bounce before the plunge that truly destroys what remains of the gold and silver bugs. And all this while stocks are poised to make new all time highs! What a tragedy for those who refused to listen to reason and evidence!

Apr 21, 2016 9:44 AM

Yet another pathetic attempt to discredit Hillary! Why can't you conservatives just argue with her policy positions instead of constantly trying to smear her campaign? Hillary's track record is extremely strong and demonstrates exactly the kind of leadership and strength of character that our nation needs in these challenging times.

Apr 22, 2013 1:56 PM

It's amazing how ZHers cannot see the green shoots in the economy when they are staring them right in the face. The S&P 500 is pricing in future growth, which it infers from a range of economic indicators. Lets take a look at some of these indicators:
1. The housing recovery is accelerating with mortgage rates at all time lows and purchase programs targeting mortgage backed securities
2. The VIX remains depressed despite doomer shorts crying about a potential 'market crash'. This puts pension funds at ease and let's equity investors but with confidence
3. Interest rates are at all time lows, begging the question: where is the inflation that doomer libertarians have been crying about?

Apr 22, 2013 10:19 AM

The age of 'small businesses' is over. If you had argued that we needed 'entrepreneurs' to create new products and services 100 years ago, then you may have had a valid point. But in today's developed global economy, we have international corporations and semi-governmental institutions that take care of all the basic products that we need. Large corporations have now streamlined their processes to such an extent that entrepreneurs are no longer able to compete to provide better quality products. The global economy no longer needs new businesses. What we need now is integration, and a global central governing institution to consolidate global fiscal and monetary policy. This is how we are going to progress as a species.

Apr 22, 2013 11:06 AM

Japan has been warned about its stingy monteray policy by economists all over the world. Now I hope the consequences of hawkish monetary policy are clear for all to see. Japan could have ended it's economic slowdown a long time ago. But instead they chose a path of frugal and pathetic monetary policy; with easing that was simply insufficient for an economy hungry for stimulus.

Apr 22, 2013 12:40 PM

All I know is that the good and silver charts keep going down down down. If prices have fallen this much, it stands to reason that they will go down further. Silver has almost fallen to fair value at 18 dollars an ounce just as I predicted, but that by no means implies that it can't fall much further.

Apr 22, 2013 9:14 AM

This is the beginning of WORLD WAR III. But this time we are fighting a financial war. NO MORE AUSTERITY!! NO MORE CREDIT DEFAULT SWAPS!!

Apr 22, 2013 9:40 AM

Correlation does not imply causation. The S&P chart has demostrated resilience in the face of all adverse economic data. The message is clear: we are in a recovery, and the market is pricing in significant economic growth over the next 5-10 years.

Apr 22, 2015 1:07 PM

Once again the reporting on this site is somewhat biased and problematic. Respected media outlets need to get in on the alternative media revolution. I believe traditional media could really increase its popularity by having alternative media style four-way Skype discussions with real people. Traditional media needs to get cool again - and people need to feel that they are having an impact on the news that is covered. What makes alternative media so popular is the feeling that it is driven by a community - we need to emulate this if we are going to survive and thrive in the digital age. Traditional media has failed to tap into the internet revolution, but it's not too late to turn things around.

Apr 22, 2015 1:08 PM

.

Apr 22, 2015 1:21 PM

The same needs to happen with commercial software Giants like Microsoft and Oracle. These companies need to start going for the open-source grassroots look and feel in order to get young smart programmers to use their technologies. Microsoft is losing the 'cool' battle with young technologists and although the impact may be minimal now, in the long term companies like Microsoft could find themselves on the sidelines.

Apr 22, 2016 1:08 PM

This is actually a very progressive decision. Young black youths are disproportionately sent to jail when compared to all other races, which pretty much damns them to a life of crime. Once they are sent to prison, their career prospects are tarnished by their criminal record, and they are introduced to a network of criminals. It's an absolute tragedy - we don't solve the problem of crime by destroying people's lives! These people need EDUCATION and guidance! Prisoners need to have a say too in our society, or things will never change.

Apr 22, 2016 11:01 AM

It's pretty difficult to deny that we are in an economic recovery when our jobs numbers are so positive, interest rates are so low, and our stock market is poised to make new all time highs. In fact you could even say that the economic recovery is over and our economy is booming again. Look at Silicon Valley and the amazing tech startups we are producing - companies like Facebook, Twitter, Whatsapp and Uber. These companies are huge and are employing some of our brightest college grads to solve some of the world's most cutting edge technical problems. And then you have our service sector, which is second to none. Our healthcare industry is booming like never before, and is leading the world in medical innovations. You could argue that not only has our economy recovered, but we have begun a new industrial revolution.

Apr 22, 2016 12:13 PM

It is imperative that Britain stays in the EU, where they are part of a larger more powerful entity with more clout on the international stage. Britain is too small a country on its own to wield the levers of global power. United, Europe is stronger and can influence world politics and global trade policy to their advantage. Hopefully president Obama is able to make this case to the Brits, many of whom still have the utmost respect for our president. President Obama is a rock star in Europe, unlike in America where we have still have so many uptight conservatives who will never understand the progressive revolution.

Apr 22, 2016 12:19 PM

How exactly do conservatives propose that the west fixes its pressing demographic problem? Whites aren't having nearly enough children to sustain the welfare state and state pensions. The only way to fix this is to import people with higher birth rates, who will contribute to the economy and pay taxes. If you don't like it, then maybe you have a problem with tolerance. Maybe it's you that needs to change, not the immigrants. People have their own cultures, and we need to be respectful of everyone -we live in the 21st century ok? There is a bigger world out there than just white western culture .. jeez

Apr 22, 2016 12:29 PM

America's future is in a North American Union. There is currently a lot of resistance though, especially with Trump's protectionist mantra. It's going to take a long time to convince Americans to become part of something bigger and more meaningful, but the good news is America's demographics are changing rapidly and as a consequence our country is becoming more amenable to change.

Apr 23, 2012 10:48 AM

This is absolutely pathetic. Leaders are supposed to be making tough decisions about how to fix the imbalances in the world economy, and what do these Dutch cowards do? Just give up! Simply appalling. I can understand why people are disenfranchised with their governments. All people want is for their governments to FIX the economy, and global leaders are responding with pathetic indecisiveness and fiscal impotence.

Apr 23, 2013 9:00 AM

If you think that there's an evil cartel out to get your 'stack', I believe you urgently need to see a therapist. Goldbugz suffer from a mental disorder wherein they feel 'entitled' to monthly investment gains. Whilst other investors have to put time and thought into constructing a portfolio of bonds and stocks, goldbugz expect guaranteed returns simply for 'stacking' these shiny bars. Goldbug-disorder truly is one of the sickest and most vulgar forms of narcissism in the world today.

Apr 23, 2013 9:36 AM

It's amazing that rather than simply trade the clear signals on the S&P chart, ZHers just ignore them as "irrational" or "unreal". The S&P 500 chart has demonstrated resilience in the face of GDP misses, wholelale inventory misses and NFP misses. All of this is teling you something. The S&P is pricing in future growth. Today's growth is yesterday's news. Economists and investors look at the green shoots in economy and infer future growth in the economy.

Apr 24, 2012 10:31 AM

Free trade is completely unfair on Americans. Some jobs simply BELONG to Americans and there is no excuse for hiring people in foreign countries. There is a BIG difference between trading across the Canada-America border and trading across the Texas-Oklahoma border. In the first instance we are talking about COUNTRIES, and in the second instance we are talking about STATES. There is a distinct philosophical difference between these two entities and if you can't see that then I'm afraid you are too far-gone for me to reason with you. Just WAKE UP!

Apr 24, 2012 9:15 AM

Strong support at $550. Savvy value investors will be looking to take advantage of any temporary arbitrage should there be a sell off.

Apr 24, 2012 9:21 AM

650 .. 550 .. what difference does it make when the short term price target is 700, followed by 1000 shortly after?

Apr 24, 2013 10:45 AM

Sorry guys, you are entitled to your own opinions, but you are not entitled to your own facts. It is a scientific fact that aggregate demand is the single best predictor of GDP. When aggregate demand goes up, GDP goes up. This is theory has been tested and verified for 100 years.

Apr 24, 2013 9:25 AM

Doesn't matter. The S&P chart is pricing in future growth. To long term value investors, this is just short-term noise.

Apr 24, 2013 9:39 AM

If you want to gain a deeper understanding of why the stock market is performing so well, here are some of the green shoots on the radar that long term investors and economists are analysing very closely:

1. Record number of college educated Americans, which many top economists believe to be a major factor that will benefit America’s economy in years to come
2. The continued subjugation of the VIX, which negates claims about a potential ‘market crash’
3. Record low mortgage rates and a strong housing recovery
4. Record low inflation, which leaves plenty of room for further purchase programs and monetary easing

Apr 25, 2012 3:30 PM

This is a good opportunity for me to explain monetary stimulus as well:

1. Stimulate the economy slowly, until it starts to grow
2. Once the economy has grown sufficiently, ease further until there is a climax in aggregate demand
3. Finally create a burst of liquidity to conclude the operation

If our Federal Reserve follows these three simple steps, we will be on the road to recovery in no time.

Apr 25, 2012 9:26 AM

Join the campaign to make America carbon-free by 2013. Scientists have proven that by varying our 0.28% contribution to global green house gas emissions we will have an immense and statistically certain impact on the environment. Also since there are no other significant factors (known or unknown) affecting the climate, no further analysis is required. We need to act NOW before it's too late. Support the Carbon-Free Revolution. Make America CARBON-FREE by 2013!!!

Apr 25, 2012 9:47 AM

There has been a notable silence on this issue in the press over the last six months or so, and I find this extremely worrying. Climate Change is a serious issue, and it has withstood the criticisms of many scientists and right wing interests. Therefore this is the time to ACT and not to question. But it seems my words are falling on increasingly deaf ears, which is both saddening and disturbing.

Now: don't get me wrong. I welcome constructive criticisms such as,

"maybe we should impose a cap on carbon emissions instead of mandating carbon offsets"

or 

"isn't it better that the government subsidises biofuels rather than food crops".

But criticisms like "water vapour is the most powerful and abundant greenhouse gas to which humans contribute only 0.01%" etc. have become wearisome and are simply not worth responding to.

Apr 25, 2013 2:39 PM

It's quite amusing to watch the wide-eyed silverbug lemmings cheer as silver bounces before it's innevitable plunge to fair value at $18 an ounce. It seems that there is no level of dignity or rationality that silverbugs aren't willing to sacrifice in order to satisfy their dreams of world domination.

Apr 25, 2016 10:39 AM

This really shows that Hillary is principled and won't just take money from anyone who offers their support. Hillary and the Clinton foundation vet every one of their donors to make sure that each one adheres to a strict set of moral guidelines. It's disgusting that billionares like the Koch brothers are denying the science of climate change when millions in the third world are dying as a result of our careless burning of fossil fuels. Shame on you  for denying the scientific consensus Mr Koch! And shame on Donald Trump for doing the same! 

Apr 25, 2016 11:23 AM

The AT endorses mainstream opinions and conclusions that are widely accepted in academia and by polical experts. That's what makes it accredited. The Koch brothers are an evil group of people that lurk behind almost every bigoted right wing agenda, and they are widely despised by progressive thinkers. That's why I don't like them.  

Apr 26, 2012 4:10 PM

Dr Paul Krugman is one of the most learned and influential intellectuals of our time. Sure, his views are radical to some. But this is the price one must pay to be virtuous in an ignorant and hateful society that lacks the maturity to think objectively on sensitive topics like "inflation" and "unemployment". I admire Dr Krugman’s stoicism in the face of the appalling verbal abuse he has received from libertarians and rednecks with no sense of courtesy, rationality, ethics or economic knowledge. Paul Krugman, Ben Bernanke, Timothy Geithner and Hank Paulson are modern-day founding fathers and will go down in history as the most successful economic planners of their time. They have succeeded in averting a double dip recession, and creating growth where none thought it possible, and our children will be ashamed that their elders treated these economists with such contempt.

Apr 26, 2013 10:37 AM

World Leader Profiles 

 Mario Drahgi 

Favorite food: Veal Scallopini

Favorite song: Wild Horses - the Rolling Stones

Favorite book: The Bible

What would you do to reduce youth unemployment?

The first thing I would do is introduce a comprehensive jobs program that targeted young adults between the ages of 20 and 30. It is absolutely unacceptable that youth unemployment remains so high when there is so much that can be done.

Apr 27, 2012 4:39 PM

I am absolutely shocked at 'Robert Wenzel's' remarkable display of ignorance. Where do I even start? Well I guess I can start with this astonishingly ignorant proposition:

“There are no such constants in the field of economics since the science of economics deals with human action, which can change at any time.”

This view ... the view that there has to be a right and wrong answer to everything - that things have to be either true or false, is typical of purist libertarians. The truth is that value is subjective, and hence we need to allocate resources according to the preferences of the population. The questions is, who gets to allocate resources? Should they be allocated according to the preferences of ignorant and uninformed ‘market participants’? Or should they be allocated by experts and professionals with a superior knowledge of economic principles? I think the answer is obvious.

Apr 27, 2012 5:15 PM

Well, as a moral nihilist and subjectivist, I simply have to disagree. Economics doesn't have to be about truth and falsehood. It can also be about how resources should be allocated. The only important thing is that resources are allocated by learned intellectuals, rather than the general rabble. Contrary to populist doctrine, not all preferences are equal: the preferences of experts are more important than those of common people, and this should be reflected in the structure of society.

Apr 27, 2012 5:42 PM

"I thought supply and demand was how value of products produced was determined."

You're right - this is still true to some extent. And it needs to change. It is simply insane to propose that a redneck nascar-watching libertarian has more valuable preferences for the consumption of goods and services than an esteemed Ivy League economist. Prices should be mandated by experts, should not be 'set' by ignorant 'market participants'.  

Apr 29, 2014 10:56 AM

These gold price 'manipulation' conspiracy theories are quite amusing. The idea that a market as large as this could be manipulated for years without any regulator noticing and without any reputable institution filing a lawsuit is nothing short of absurd. My experience with goldbugs is that they tend to be appallingly bad traders and prefer to blame their losses on others rather than take responsibility for their own poor judgment.

Apr 3, 2012 10:32 AM

That's because most Americans don't run around causing trouble like whiny libertarians constantly crying about "non-intervention" and "the first amendment". If you acted like normal people and played by the rules, you wouldn't experience nearly as much aggression from the police.

Apr 3, 2012 9:40 AM

Hollywood is a powerhouse for progressive American thought. Hollywood actors have won the hearts and minds of Americans and hip forward-thinkers around the world, by pioneering many charitable initiatives and advocating sensible solutions to the world's problems. The live 8 concert is a perfect example of such an initiative. This concert didn't focus on the traditional out-dated charitable model of raising money. Instead the concert convinced western governments to relieve African governments of billions in debt, so that they could spend the extra money on helping their people. These actors, including stars like Angelina Jolie and Will Smith understood that governments can be trusted to use their powers for good only, whereas the motives of private charities are questionable, and so this model made perfect sense.

Apr 3, 2013 3:46 PM

Does the Free Market Produce Prosperity? - A Comprehensive Research Paper

There are a number of articles investigating the relationship between deregulation and economic prosperity, but very few studies reference the unintended consequences of laissez faire capitalism. This research paper by Alan Krueger, Obama’s chief economic advisor, suggests that a decrease in the minimum wage could result in a reduction in income[1].

Despite the claims of many libertarians that the free market favors the poor, the academic literature continues to question this proposition. Either this is a strongly contested or under-researched economic issue, or the science has not been widely disseminated amongst economic educators and publicists. This study aims add some clarity to the question of whether the academic literature does in fact support common libertarian beliefs about the virtues of the free market.

References

Apr 3, 2013 3:46 PM

.

Apr 3, 2013 9:26 AM

Honest question: Why do we even need small businesses anymore? Large corporations provide pretty much all the goods and services that we will ever need. New businesses create huge amounts of paperwork for regulators and the IRS. Why can't we simply consolidate the provision of basic products under a small and manageable group of larger companies? From a regulatory view, this makes far more sense.

Apr 3, 2013 9:42 AM

Now governments need to go after offshore bank accounts and tax evaders. Once the politicians have this money, they will almost certainly use it to pay down the debt, and the revenue problem will be solved.

Apr 30, 2012 10:00 AM

This is a war between common sense and purist libertarianism. Between those who support the construction of our economy by fostering aggregate demand, and those who seek to destroy this country through tight, stingy monetary policy and week, impotent fiscal policy. As Dr Paul Krugman eloquently points out, these purist libertarians are supporting the 1% with their anti-Federal Reserve nonsense, and I'm personally sick of it.

Apr 30, 2012 3:35 PM

Only Paul Krugman and the Keynesians, that libertarians despite so much, are willing to stand up to the 1%. Easy monetary policy helps the average Joe at the expense of the 1%, and Bernanke is doing all he can to create a more equal society. Our Federal Reserve’s dual mandate was written specifically to create maximum employment and stable prices, which is to help the 99%. But greedy and masochistic libertarians are more interested in supporting the corporations.

#OccupyWallStreet

Apr 30, 2012 3:47 PM

I absolutely agree with Dr Krugman on Ben Bernanke's role as Fed Chariman. Those words were harsh but necessary. Ben Bernanke has quite frankly FAILED to deliver sufficient quantities of monetary stimulus. His monetary policy has become week, stingy, and ineffective. We need SERIOUS monetary stimulus unless we want to become the next Japan, and the sooner our Federa Reserve mans up to the challenge the better.

Apr 30, 2013 11:03 AM

Bernanke's worst nightmare is a deflationary collapse brought on by a weak and passive monetary policy. He knows full well that he bares full responsibility for aggregate demand in not just America, but all over the world. This is his mission, and his vigilance and ability to face down the challenges that the economy presents will determine his legacy. I hope for his sake and for the sake of America, that he makes the right decisions.

Apr 4, 2012 10:26 AM

There is no clone. If you don't believe me, then search the usernames.

Apr 4, 2012 11:59 AM

Critical thinking tips:

1. Always check your facts

You cannot just believe every nut job on the internet. You need to use reason and evidence as your guiding light to cut through the waves of libertarian propaganda.

2. Make sure you get your information from credible sources

A lot of libertarians tend to cite non-credible far-right sources like "LewRockwell.com" or "the Mises institute". These groups are notable also followers of the long discredited "Austrian school of economics" which has been exposed by countless top Ivy League economists.

3. Avoid sources of information that have been flagged as non-credible by specialised hate watch groups

The Southern Poverty Law Center has a comprehensive list of hate groups that should be avoided. These groups often claim to advocate "liberty" or "freedom", but this is normally just a cover for their extreme right wing and conspiratorial views.

Apr 4, 2012 9:38 AM

Alex Hope is a star trader who beams with confidence and creative energy. You can tell he's a successful superstar when hoards of greasy ZH day traders attack him with envy. I was seriously thinking of taking his FX trading master class this month, but sadly I'll have to wait till the end of the trial.

Apr 4, 2012 9:40 AM

What about it? Looks pretty good to me. You jealous of his self-esteem? It's not his fault he is the best. He just is. Ok?

Apr 4, 2013 10:06 AM

So?? Spanish bonds are paying some sweet yields. The capital gains are irrelevant to funds who intend to hold these bonds to maturity.

Apr 4, 2013 2:08 PM

Once governments have this money, they can start paying down their deficits. This is he solution to all our debt problems. Runaway spending will end, and government budgets will be balanced thereafter. This is the final tax.

Apr 4, 2013 9:50 AM

Apr 4, 2013 9:51 AM

Top Trends for 2013: 

1. Tablets are going to become custom in the workplace

Surveys have shown that up to 33% of Americans now own a tablet. Tablets are becoming increasingly convenient since the release of the iPad Mini. Tablets are no longer just a luxury item - they're now considered a must-have accessory for staying up to date on social networking sites like facebook wherever you are.

2. Personal-distributor selling schemes are going to take over the health industry

Herbalife now accounts for 30% of the weight management industry. Soon this figure will soar to ovver 50% of all weight management products. Herbalife's market share in other categories is also increasing rapidly. If the current trend continues, Hebalife will be the only significant health brand available to consumers.

3. Personal data will be monetized

Personal data such as location history and purchase habits are being captured every day by innovative companies like Google, Apple and Facebook. In a comptetitive marketplace, this data is becoming increasingly valuable to comsumer companies. In addition, government departments such as America's Department of Homeland Securiry are becoming increasingly interested in using and analyzing this personal data.

Apr 4, 2016 11:22 AM

We have a serious demographic problem that can only be solved through immigration, and yet conservatives continue call for stronger borders and for vetting of Syrian refugees, the vast majority of whom are peaceful and hardworking. We need to be doing the exact opposite of what conservatives want – we need to greatly encourage immigration and quickly, so that people from all over the world can start assimilating into society and contributing to the tax base. It is the duty of all young Americans and immigrants to contribute to the retirement of our elders, as a reward for their custodianship of the economy, and their protection of our freedoms. The boomers have done more than any other generation in protecting and upholding American freedoms and values, and have provided the young with the opportunities they have today. This is why we need to do everything we can to protect their retirement. For a society that refuses to take care of its elders is not a society at all.

Apr 4, 2016 11:50 AM

Terrorism is only going to get worse if we continue to offend Muslims and refuse to show restraint and respect for their culture. It’s no good complaining about their culture, such criticism will only make things worse. Islam is now a dominant religion in Europe and fast growing in America. The future of the west is going to look very different, and I think we need to just accept it and learn to live with it.

Apr 4, 2016 12:00 PM

Ted Cruz is a force to be reckoned with in Wisconsin. The people of Wisconsin are smart – they don’t want a showman or ‘dealmaker’ as President. They want someone with solid principles and experience in politics who is going to get the job done, and create jobs and growth. Only Ted Cruz has a credible plan for achieving these things, which is why he continues to extend his lead on Trump. Trump doesn’t have a hope in hell of winning Wisconsin, which is going to be a real blow to his campaign. It was fun while it lasted, but it looks like the American people are finally coming to their senses.

Apr 4, 2016 12:01 PM

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Apr 5, 2012 11:45 AM

Everyone laughed at me for my call to buy BAC at close to $5. Since then it has almost doubled in about four months. I think ZH day traders owe me and Warren Buffet an apology.

Apr 5, 2012 3:46 PM

The COT report consistently does not reflect goldbugs' and silverbugs' conspiratorial view of the precious metals markets. During periods of weakness in the precious metals I constantly see accusations of outsized manipulative short orders. However, this simply does not show up in the commercials section of the COT report. Oh let me guess, there's ANOTHER layer to the conspiracy where the "bullion banks" cover before the COT cutoff ... Give me a break.

Apr 5, 2012 9:40 AM

Come on guys ... this is getting embarrassing. You can't just blame every bad trade you make on "manipulation". These constant conspiracy theories and envy of people in powerful positions just has to stop. It's childish and ridiculous, and it's not conducive to thoughtful and intellectual discourse.

Apr 5, 2012 9:54 AM

Who's trying to be funny? I'm just pointing out that the ZH readership would rather accept conspiracy theories at face value rather than apply reason and evidence to determine the truth. I have always provided solid arguments for my propositions, and have I consistently adhered to principles of virtue in the face of the appalling verbal abuse I have received on this site. I hope to set an example for other commenters to help them learn how to take part in civil discourse.

Apr 5, 2013 10:27 AM

You little rascals better not even think of cutting old age pensions and social security. Before railing against their elders, young people need to first look at the facts:

1. Social security is running at a SURPLUS. The IOUs in the SS fund are worth billions of dollars, and these assets will comfortably fund the SS liabilities.

2. Boomers have contributed more to this country than any other group in history. Boomers are the most educated, sophisticated and most financially capable group ever to have lived. Young people need to learn some respect and personal responsibility if they want to follow the legacy of the boomer generation.

3. Government pensions are written into legislation, so you BETTER stay away from these unless you want your representative to drown under an avalanche of class action law suits. These pensions are untouchable, so look elsewhere you little scoundrels.

Apr 5, 2013 12:20 PM

The "fundamentals" don't matter. Follow the chart. The 4 year chart of the S&P 500 is in a clear uptrend. Until that trend changes, I'm a buyer.

Apr 5, 2013 4:07 PM

Ok, I've just been doing some analysis on the 4 year chart of the S&P 500, and I have to say this is hands down the best chart I have ever seen. Firstly, there is a clear uptrend, with a steep trend line predicting at least 2000 by year end. Secondly, the MACD is positive, which is also a good sign. Then if you bring up a weekly or monthly chart there is a consistent series of higher highs and higher lows. All of these signals are strong buy indicators. The technicals are screaming buy, so if you don’t own stocks and you think it’s too late to get in, rest assured that stocks still have a long way to go.

Apr 5, 2013 4:10 PM

We need to have more compassion as a society. The rise in poverty has been associated with a blind worship of the ‘free market’ and deregulation. When will we learn that trickle down economics doesn’t work?

Apr 5, 2013 5:28 PM

Yes but there are also a lot of oportunities for people to make money outside of their careers. For example, Herbalife allows every day Americans to distribute their world class products and even offers it's distributors sweet rewards like fully paid-for holiday packages. Plus there are a multitude of ways to make money online using online marketing and even FX trading. Sure, you may be earning $10 an hour, but in the 21st century there are many ways for average Americans to supplement their incomes.

Apr 6, 2016 11:42 AM

China is becoming the undisputed king of manufacturing. It's quite exciting to see the global economy grow, and watch countries specialize in what they excel at. Here in America, we specialize in services. Our service economy dwarfs those of the rest of the world - we lead the way hands down in healthcare, education, food and restaurants. We're happy to offshore our crumbling manufacturing sector to China, but if they try to mess with our service sector, there's going to be hell to pay.

BTW, new article at the Accredited Times today, on why repealing Obamacare would be a disaster:

Apr 6, 2016 12:56 PM

New article at the Accredited Times today, on why repealing Obamacare would be a disaster:

Apr 7, 2016 11:16 AM

Reasons why I don't like Trump:

1. He's a racist
2. He's a sexist
3. He's a xenophobe
4. He's a fascist
5. He was endorsed by the KKK
6. He acts like a clown
7. He will start world war 3
8. He can't be trusted with the nuclear codes
9. He wants to 'punish' women for having illegal abortions
10. He's racist against Muslims 

Apr 7, 2016 11:35 AM

Let's put things in perspective here. The S&P 500 is still above 2000! If someone were to tell you in 2008 that the S&P was beginning an unprecedented ascent into the 2000's, you probably wouldn't have believed it; yet here we are. The long term support line underlying the rally in the S&P still holds strong, and seems almost unbreakable. Many theories abound as to how markets became so easy to trade and make money from, but it's my personal theory that we have entered a new age of economic science, in which economic advisors and monetary officials have finally discovered the formula to creating steady, low volatility growth in the stock market in perpetuity. This bull market is not ending anytime soon. In fact, if you ask me, this is only the beginning. If you think we've seen great stock market returns over the last five years, just wait till you see what they do over the next five years. This is the age of economics, and those who understand this paradigm shift will have the courage to be bold and grab the opportunities it presents with both hands. Those who continue to live in the past however, will weep with misery as they watch others reap fortunes and leave them in the dust.

Apr 7, 2016 9:04 AM

Europe can never achieve greatness without unity. We live in a globalized world, where business and economic transactions transcend national borders. In every way, our world is now more international than ever before. Ideas know no borders, success knows no borders, and the love and hope we all have for our children knows no borders. Europeans need to embrace the EU as a step in the right direction. It may not be perfect in its current form, but rather than try to sabotage it, Europeans should work together to make it stronger than ever before.

The subject of today's article at the Accredited Times is the public sector, and why it beats the private sector hands down every time:

Apr 7, 2016 9:11 AM

One of the reasons students can't make the payments is because the private sector refuses to provide jobs for college graduates. The private sector is disgustingly anti-education, and dismisses many high quality college degrees simply because they aren't 100% focused towards the company's specific job opening, forgetting that it's the principle of education that matters, not what you studied. We need to build the public sector so that it can fill the void in unemployment left by the private sector, if we are going to tackle this problem once and for all.

Read more about the advantages of the public sector over the private sector in today's article over at the Accredited Times:

Apr 8, 2013 10:13 AM

Exactly Paul. The fact that many ZHers don't even understand the difference between taxation and theft tells you all you need to know about the ignorance on this site.

Apr 8, 2013 10:30 AM

See? I rest my case.

Apr 8, 2013 2:49 PM

What this biased article fails to mention is that millions of Americans now have access to FREE healthcare. This is a huge weight of the backs of every day Americans who previously spent a large portion of their income on healthcare.

Apr 8, 2016 1:25 PM

Give me a break. There are so many indicators that we are in a strong recovery, that it is patently absurd to suggest otherwise. We've had positive NFP reports month after month for over five years, the S&P 500 is trading at over 2000, the VIX has been trading at historic lows, and interest rates remain at record lows. These are all undeniably strong indicators for our economy, and it's actually quite sad that permabears simply refuse to acknowledge it. You're all missing out on spectacular gains in the stock market, and for what? To be right for a couple of months when we have a correction? It's just sad.

Apr 8, 2016 10:35 AM

Although I believe Bill Clinton meant well, he failed to foresee what his crime bill would do to the black community. I've often written about the problems with giving young men from disadvantaged backgrounds criminal records, as it tarnishes their resume and automatically bars them from higher quality jobs and colleges, preventing them from moving up in society and escaping poverty. This simply pushes these young men back into criminality, when we should be trying to pull them out. That's why I agree with BLM here. Having said that, I still admire Bill Clinton's legacy, and still to this day believe he was the best president we've had in modern history.

Apr 8, 2016 10:40 AM

Isn't this humiliating for all the doomer peak oilers, who told us that the oil price would go the moon in the next decade or so. It's quite laughable how absolutely wrong they were, and yet they refuse to apologize.

Today's article at the Accredited Times covers why Central Banks are not only important, but essential to a modern liberal democracy:

Apr 8, 2016 10:46 AM

How many more deaths is it going to take for conservatives to agree to BASIC gun control laws that exist in every other country?!! We have a new mass shooting almost every month now! This is getting out of control, and stupid, stupid, STUPID conservatives still think we should be able to carry around dangerous weapons!! It's just unbelievable!

Apr 8, 2016 10:55 AM

NOT THE SAME THING. Cars are not designed to kill, guns are. BIG DIFFERENCE.

Apr 8, 2016 10:58 AM

We still need strong gun laws across the whole country. It's no good having restricted zones here and there, when anyone can get access to a gun outside those areas. How come Europe, Australia and Canada hardly ever have these problems, and yet we have them all the time???

Apr 9, 2013 1:59 PM

Doesn't matter. As long as stocks are making new highs, I'm a buyer.

Apr 9, 2013 10:47 AM

Libertarians will use the guise of 'freedom' to justify the most savage flavors of capitalism and free market despotism. The advancement of radical free market policies and deregulation in the pursuit of ‘freedom’ has lead to the largest gap between rich and poor in history.

Apr 9, 2013 10:54 AM

Sadly, when presenting these facts to libertarians and free market ideologues the conversation rapidly deteriorates into a food-fight of childish verbal abuse and logical fallacies. What is even more disturbing is that these despicable people detest academia and its esteemed institutions. The first commandment of libertarian bigotry is to deny the credibility of respected academic institutions. That way when the social and economic consensus among the experts contradicts their believes, they can turn a blind eye.

Apr 9, 2013 11:09 AM

The difference is that politicians are democratically elected and therefore represent the will of the people. It is best for wealth to be distributed and redistributed according to the will of the people, NOT corporations.

Apr 9, 2013 3:09 PM

10 reasons why I hate goldbugs:

1. They cry about ‘manipulation’ every time they lose money
2. They hoard gold instead of investing in the economy, denying millions of people jobs and income growth
3. They undermine our national currency and national interests
4. They selfishly pursue profit at the expense of others
5. They keep ‘stacking’, even when they’ve already lost half of their family’s retirement
6. They have no understanding of basic economic principles
7. They snobbishly reject all other investments
8. They have a lemming-like mentality, and buy in panic
9. They have an inability to see the other side of the gold argument
10. They rush to one another’s defence in pro-gold arguments, even if they have not understanding of the argument at hand

Aug 10, 2011 4:51 PM

President Obama is trying his best - it's a hard job being president of the world's greatest super-power. These un-greatful comments are very saddening, and are indicative of our country's loss of values. There was a time when hard-working politicians would receive thanks for their courage and sacrifice, but those days appear to be over.

Aug 10, 2015 11:08 AM

I'm sorry to break it to ZHers, but the truth is Donald Trump is simply not a credible candidate. He has absolutely no experience in politics whatsoever, and while he may be an expert in business, I would rather have a president with experience of running a country than business experience. Trump is an entertaining addition to the GOP leadership race, but everyone knows he has absolutely no chance of winning against Hilary, who is very strong on all aspects of her leadership. My suggestion to the republicans would be to elect Jeb Bush, who may not be as glamorous or punchy as Trump, but at least he has relevant experience and has a real chance of winning the election. 

Aug 10, 2015 12:01 PM

It's amusing to watch goldbugz and silverbugz cling to their dreams of becoming kings of the universe. Here's a little wake-up call for those who are still think that these metals are a good investment:

FACT NUMBER 1: GOLD IS DOWN OVER 42% FROM ITS HIGH

FACT NUMBER 2: SILVER IS DOWN OVER 70% FROM ITS HIGH

 Goldbugz are literally drowning in losses. LOL!

Meanwhile stocks continue to make new all time highs month after month. It amazes me that goldbugz continue to shred their portfolios to pieces when they could be making a fortune with everyone else. Why not work with the recovery instead of against it? Why not choose to invest for profit rather than ideology? Investing doesn't need to be as hard as golbugz are making it. The average retail investor is doing way better than them with a sensible buy-and-hold portfolio of US stocks and bonds.

Aug 10, 2015 8:54 AM

This was an honest yet tragic mistake. This is exactly why I have repeatedly suggested that we set up secondary government departments tasked with overseeing the existing departments. This will ensure that our government is 100% accountable for its actions.

Aug 10, 2015 8:54 AM

.

Aug 11, 2011 3:18 PM

That is quite a shocking comment when our government has just navigated us through one of the worst financial crisis in all of history. I am horrified to see so many childish, immature libertarians criticise economic policies that they clearly don't understand. Under the guidance of top nobel-prize winning economists, our government has saved the economy from complete destruction through monetary and fiscal stimulus. I know it's complex for most of the ognorant doomers to understand but the logic is summarized as follows: "more monetary stimulus = more consumption = more service sector job growth".   

Aug 11, 2011 7:28 AM

We should be greatful that American news outlets have not stooped as low as this German newspaper. Our outlets understand that mingling with doomers and conspiracy theorists is the worst way to maintain confidence and spur on the global recovery. In the end it is our values that will pull us through these trying times - values of respecting our elected politicians who have proven their leadership skills and know how to navigate this turmoil, and bring us to safer shores.

Aug 11, 2015 11:51 AM

#Why Gov?

Looking for a career? Why not consider working for the government?

Theresa Philips

Logistics Administrator, Post Office

"What I love about my job is that every day is different. One day I'll be liaising with the drivers to make sure packages are on track to their destinations, and the next day I'll be interacting directly with customers in order to ensure their details are entered correctly into our system. The best part of my job is knowing that I make a real difference to peoples' lives every day."

Aug 11, 2015 12:56 PM

It's funny to see the two least credible candidates go head to head, as if either of them has any chance of getting the nomination. Trump's views on immigration are nothing short of disgusting, and most Americans recognize this, even if a minority of extreme right wingers don't. Rand Paul's views are all-round crazy, just like his father's, and it's unfortunate that he has been allowed to de-rail the debate and distract us from the real issues and the credible candidates that can actually deal with them. Jeb Bush is clearly the front-runner, and any real republican would get behind him in order to stand the best chance at defeating Hillary. Hillary is very strong on all issues, and has widespread support form grass roots liberals all across America - it's going to take a lot to beat her, and the circus at the GOP primary is not a promising start. 

Aug 11, 2016 10:13 AM

This is a very sad day. The Hufffington post has grown by leaps and bounds under Arianna's leadership, and has been the voice of reason on many issues such as police racism, Trump's fascism, gun violence, and the glaring inequities in society. The Accredited Times will continue to do its own part to spread the message of progressivism and advance liberal values, and I hope that the Huffington Post will continue to be a source of inspiration for our accredited writers in the years to come.

Aug 12, 2011 9:42 AM

With all due respect I disagree with Kocherlakota on this issue. Monetary stimulus is still very much needed to boost this fragile recovery. At the risk of sounding like a doomer crackpot, I think last week's market move was indicative of how much the markets really depend on the wise guidance of our Fed officials.

Aug 12, 2012 3:33 PM

My decision to support Mitt Romney in the upcoming Presidential election remains unchanged. Obama had his chance, and he failed to deliver the necessary fiscal stimulus programs to get our economy back on track. Mitt Romney has what it take to create growth and straighten out the economy, and what’s more he doesn’t pull punches. Mitt Romney may be a highly controversial candidate, with some radical ideas for promoting growth in America coupled with an unapologetic dedication to promoting green technologies; but we need a candidate with the strength to stand up for the principles that all Americans believe in. Shake things up in Washington - vote Mitt Romney in 2012. 

Aug 12, 2012 4:00 PM

Zero Hedge IS a socialist site now, and you better get used to it. The progressive revolution is spreading, and there's nothing nerdy libertarians can do stop it. 

Aug 12, 2015 11:21 AM

As a rule, I never indulge conspiracy theories. Occam's Razor states that a simple explanation is more likely to be true than a complicated explanation. Conspiracy theorists always jump to the most complicated conclusion, instead of accepting the most obvious one. This instance is no exception: isn't it more plausible that this was just an honest mistake? To my knowledge the Environmental Protection Agency has virtually no record of misconduct up until this incident, so I don't see how they could possibly be up to something so devious.

Aug 12, 2015 11:44 AM

Although I acknowledge that there has been some temporary environmental damage caused by this accident, I don't believe that any EPA workers were personally responsible. Accidents like this often cannot be prevented, and we have to accept that from time to time this will happen in an industrialized society. Part of the problem is that we simply produce too much chemical waste on our overindustrialized, overpopulated planet.

Aug 13, 2012 12:52 PM

The moral of this story is don’t be fooled by conspiracy theories. If Samuel Israel had not believed Nichols’ silly conspiracy theory about how the Federal Reserve manipulates the market, he would have saved himself millions of dollars. This just goes to show that conspiracy theories are not only ridiculous, but also dangerous. 

Aug 13, 2012 2:48 PM

I came to this site just over a year ago with the intention of spreading the progressive revolution to one of the few bastions of libertarian ignorance. Over that period, the number of progressive and left-leaning comments and articles has risen dramatically to the point at which we seriously threaten the libertarian status quo. Whereas for most this site’s history, anti-union or anti-welfare comments would have been considered the norm, they are now hammered with down arrows.  I predict that by the end of this year, the progressive revolution will have fully taken over Zerohedge, and libertarians will have to find somewhere else to post their insolent nonsense. I will continue the march to promote the virtues of central planning and state-enforced controls on the movement of peoples, goods and services, because I know that this is the only path to proseperity, peace and liberty. 

Aug 13, 2014 9:59 AM

The main problem arises when people resist the police. If you resist the police, then you can expect to be met with force. Good citizens understand this, which is why you never see average Americans complain about 'police brutality'.

Aug 13, 2015 1:40 PM

Sorry to break it to you, but no level of 'skill' will ever match an Ivy League education. Studies have shown that Ivy League educated individuals earn far more than non-Ivy Leaguers, and they also have higher IQs, move up the corporate ladder faster and have more job satisfaction. People should move up the ranks based on seniority and formal qualifications - this focus on skills without education is just a way of cheating the system.

Aug 13, 2015 1:43 PM

I wish people would stop making such a big deal out of this. Compared to the real environmental issues facing our planet like climate change and overindustrialization this is nothing.

Aug 13, 2015 5:28 PM

Hillary is still the strongest candidate by far, standing head and shoulders above Trump. What's more she has the support of true grass roots liberals all across America - these are people who really care about making America a fairer, more diverse and equal place, and they are dedicated to the Democratic cause. While the republicans are divided and scattered, the democrats are united behind Hillary, and ready for battle. The only candidate who has any chance of beating Hillary is Jed Bush, and right now the republicans are too busy in-fighting to get behind him and stand a fighting chance.

Aug 13, 2015 5:42 PM

#Why Gov?
Looking for a career? Why not consider working for the government?
Bob Solesman
Operations Analyst, IRS

"I analyse financial records to make sure that everyone is paying their taxes in full and on time. The best thing about my job is that I get to use my analytical skills to solve real problems in a relaxed and comfortable environment. The work hours are pretty sweet too - work starts at around 9:00 and most people leave at 5:00 sharp. We believe in work life balance here - there's no point in overworking yourself if you're not in a state to produce quality results.”

Aug 13, 2015 5:43 PM

#Why Gov?
Looking for a career? Why not consider working for the government?
Bob Solesman
Operations Analyst, IRS

"I analyse financial records to make sure that everyone is paying their taxes in full and on time. The best thing about my job is that I get to use my analytical skills to solve real problems in a relaxed and comfortable environment. The work hours are pretty sweet too - work starts at around 9:00 and most people leave at 5:00 sharp. We believe in work life balance here - there's no point in overworking yourself if you're not in a state to produce quality results.”

Aug 14, 2011 12:51 PM

.

Aug 14, 2012 10:29 AM

$20 should continue to act as solid support. Although FB's earning were dissapointing, it's worth noting that revenue beat expectations, and it's only a matter of time before Facebook's senior management improve margins and start turning a healthy profit. 

Aug 14, 2012 12:43 PM

Peripheral debt is a screaming buy right now. The ECB and European commission are battle hardened and stand ready to take the necessary steps to promote economic stability. Only a fool would ignore these mouth watering double digit yields and pass up the investment opportunity of a lifetime.

Aug 14, 2012 2:52 PM

... meanwhile the 10 year continues to trade well below 2%, the VIX is trading at an optimistic 14.32, and the S&P continues its summer rally with another daily close above 1400. The economic fundamentals are so strong now that only the most bitter and masochistic ZH day traders remain bearish. It’s sad that the ZH readership is unable to see the green shoots in the economy, despite the overwhelming positive economic fundamentals.

Aug 14, 2012 8:52 AM

Unfortunately, the powers that be will never let retail stocks reach their true value. If they allowed this to happen, there would be a revolution in consumer spending, and the central banks' manipulative tightening scheme would fall apart. 

Aug 14, 2012 9:16 AM

Some of these small business bastards are earning millions of dollars a year. Why can't workers ALSO earn millions a year and get more vacation??? I'm still waiting for libertarians to answer that fundamental question ... 

Aug 14, 2012 9:28 AM

Here’s the thing about goldbugs: they feel that the gold market owes them a living. Whenever the gold market sells off, we hear cries of “manipulation” or “rigged markets”.  This kind of conspiratorialism is almost always expressed by investors and traders with consistently appalling returns. It’s a way for goldbugs and greasy ZH day traders to absolve themselves of responsibility for their shocking trading performance. Many of the investors and traders on this site show signs of gross narcissism and schizophrenia and in some cases even mild dementia.

Aug 14, 2015 12:19 PM

With the VIX at all time lows as our Federal Reserve masterfully engineers volatility and risk out of the market, there really isn't much to worry about. Our stock market continues to follow its steady linear uptrend, which shows no sign of breaking any time soon, our NFP results are consistently strong, and interest rates remain low, easing the our debt burden and stimulating spending in the economy.  Ben Bernanke and Janet Yellen have created a legacy as the most impactful economic planners in history, taking us from the brink of collapse in 2007 to the stable growing economy that we are all enjoying today. 

Aug 15, 2011 2:59 PM

"And  so... why hasn't he solved it yet?" He is working on it. It's not easy managing the largest economy in the world, and ungreatful comments like this are not helpful at all. You should be at least satisfied that he has managed to keep this recovery going so that fewer people lose their jobs. The only barrier to prosperity is this libertarian religion that oposes what this economy is lacking most - AGGREGATE DEMAND. As I've said before, the ONLY way to boost our economy is further monetary and fiscal stimulus.

Aug 15, 2011 3:55 PM

I'd like to see you manage the world's greatest superpower. Our politicians were elected because they are the best leaders, and they know how to run a country. The congress has proven its ability to tackle difficult issues with decisive acts like the bipartisian compromise and the supercongress initiative. We need PROVEN experts to manage the country with the advice of top nobel-prize winning economists.

Aug 15, 2012 10:10 AM

"it is VERY important to keep diversity of opinion alive and well in the financial blogosphere"

How ironic ... libertarians claim to support diversity of opinion yet at the same time they have shown themselves to be completely intolerant of anyone who disagrees with them about "the evils of the Federal Reserve" or the immorality of bailouts. It's too bad that libertarians can't tolerate any dissent from their dogmatic views.

Aug 15, 2012 9:34 AM

An entirely obvious trade that nobody is talking about is the Muni-Treasury Arbitrage compression trade. For example the yields on 10 year California notes average at around 2.5%, whereas the UST 10 year yield is around 1.77% - that’s a 73 basis point arbitrage! Our congress and Federal Reserve are willing to assume the liabilities of state governments and thus our muni debt has a safe haven status equivalent to that of US Treasury debt. Of course, you could make the case that both muni and treasury yields are headed much lower, in which case you could make more money just buying the notes – and personally I would not argue with that.

Aug 15, 2016 10:14 AM

Aug 15, 2016 10:53 AM

Aug 15, 2016 11:04 AM

Tesla may be going through difficulties, but it is important that our government continues to fund and subsidize the development of electric cars. We simply cannot continue to rely on fossil fuels for our energy needs, which means we absolutely have to develop electric cars as a matter of priority. This will allow us to use a variety of far safer, more efficient and more environmentally friendly energy sources for motor vehicles such as nuclear power, wind, solar, and biofuels.

Aug 15, 2016 11:17 AM

Absolutely not! No more fossil fuels!

Aug 15, 2016 11:26 AM

I agree with the professor that this trend is entirely due to neoliberal austerity. Austerity is not real liberalism. Real liberals understand that you need to increase spending when the economy is doing badly, in order to boost economic growth. You can't let the national debt scare you into cutting spending - the only way we're going to pay it off is by investing in the economy and creating jobs!

Aug 16, 2012 10:20 AM

For long term value investors, this is just short-term noise. This is a great dip-buying opportunity – and honestly, who cares whether you pay $19 or $40 when the long term price target is in the $100s??? 

Aug 16, 2012 10:30 AM

The early investors in Google and Microsoft also endured tremendous volatility. But now those investors own tens of millions of dollars of high yielding equity.

Aug 16, 2012 3:02 PM

It’s a sad day for doomer libertarians. As if the S&P 500 close isn’t bad enough for doomer ZH day traders, the VIX is now down at 14.37, indicating that investors are more confident than ever in the global recovery. It begs the question: at what point do doomer libertarians admit that they are DEAD WRONG about the economy? 

Aug 16, 2012 3:51 PM

A major problem with the Internet is that it allows underground ideas to spread and become "mainstreamed". Notions that once would have remained within isolated subcultures can now spread to the larger society with astonishing speed. Take hostility toward financial institutions and the government, both of which were common among conspiracists in the 19th and 20th centuries. The internet has allowed these memes to spread to the point at which some of the craziest nutjobs now feel comfortable speaking openly about their insane anti-government, anti-Federal Reserve ideas.

Aug 16, 2016 11:55 AM

Those who receive benefits and government assistance are actually the most qualified to vote, because they understand real hardship and what life is like at the bottom of society. So called 'tax payers' are the most privileged Americans, and therefore vote only to further a system that fails to provide opportunity and access for the poor. If anything, poor peoples' votes should count more, as these people are the ones who need the government the most, and should therefore have the greatest say in who governs.

Aug 16, 2016 9:22 AM

Why does this mean that the elections are 'rigged'? It is the responsibility of the DNC to do whatever they can to ensure that the most qualified and capable leader is chosen to represent the party. To simply stand by and passively affirm the whims of a mere plurality of voters would be doing the party a disservice. The democratic party has no obligation to the voters - it is an independent entity with a responsibility to uphold and promote its set of core moral values, and choosing a candidate who is capable of winning the white house and effectively leading the party, is a vital part of this process.

Aug 17, 2011 10:49 AM

One of my favortie economists, Dr Paul Krugman (p.h.d, Nobel Laureate, MIT, Yale, Princeton, London School of Economics), has written extensively on this issue. The underlying problem is a lack of aggregate demand. Therefore the solution is to increase monetary stimulus untill people start spending again on consumer goods. We have a service economy here in the US which depends heavily on domestic consumption, so the doomer solution of saving simply won't work.

Aug 17, 2012 10:39 AM

The short sellers are hammering Facebook again this morning ... where is the SEC when this kind of manipulation is going on!??

Aug 17, 2012 12:51 PM

The global recovery is really picking up. Todays plunge in the VIX indicates that investors are confident in the recovery, and see no need to hedge against the conspiratorial "tail risks" and "black swans" that doomer libertarians are constantly whining about. 

Aug 17, 2012 4:32 PM

You idiots talk about the sell off as if this is just normal market activity ... this is a JOKE. How the HELL can the SEC just stand by and watch while these manipulative short sellers hammer the stock into the ground??? 

Aug 17, 2016 10:31 AM

This is yet another case of thinly veiled sexism. Why are there no questions about Donald Trump's health issues - the man appears to be alarmingly overweight. He also suffers from a variety of mental health issues, such as narcissism, an exaggerated sense of personal grandeur, an insensitivity to the feelings of others, and an inability to process risks such as those associated with uncontrolled gun ownership and unregulated free markets. I find it disgusting that these accusations are being directed almost exclusively at Hillary Clinton - it absolutely reeks of bigotry and prejudice.

Aug 17, 2016 10:36 AM

Have any of you considered that Millenials might be voluntarily choosing this lifestyle? Maybe they're sick and tired of seeing capitalism destroy lives and create glaring inequalities, and they're simply refusing to participate in the system. Maybe the 'system' needs to be overhauled and transformed into something more compassionate before Millenials become part of it?  

Aug 18, 2011 9:38 AM

At last, some thanks for the hard work of our ELECTED politicians. These spoiled brat libertarians will look back on this day and thank our congress for the courageous work they are doing. It's easy to complain about the world's problems, but our politicians are tirelessly solving them every day.

Aug 18, 2014 10:45 AM

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Aug 18, 2014 10:45 AM

What do you guys make of all this Russia business? Do you think we should invade?

Aug 18, 2015 10:19 AM

Mistrust of genetically modified foods and perfectly safe pesticides and herbicides is founded on junk science emanating from mystics and quacks in the 'alternative health' field. It has been demonstrated repeatedly that genetically modified foods are not only safe, healthy and nutritious, but also the only solution to world hunger. Granted, our world is overpopulated and overindustrialized, but even after we have reduced the population, we still need a way to feed tens of millions of people that is efficient and cost-effective. GMOs and advanced farming techniques are the only answer to this coming food crisis, and if you have any compassion for the third world you will stand with the science and not with the alternative health quacks.

Aug 18, 2016 10:00 AM

These are the kinds of conspiracy theories I'm talking about! This misinformation is very dangerous and confuses the general public! You're promoting paranoia and mistrust of our government!

Aug 18, 2016 10:38 AM

As always, there are two sides to the story. The Clinton foundation funds charities and relief programs all over the world, and takes donations from anyone who is willing to help. Let me ask you a question - if you were facing a starving child in Africa, would you be able tell him that he couldn't eat because you weren't willing to take a generous donation from Saudi Arabia on petty moral grounds? There are real lives at stake here, and charity needs to be taken wherever it can be found. Squabbling over the character of the donors is only further undermining the desperate lives of the Clinton foundation's needy recipients.

Aug 18, 2016 10:44 AM

The whole biker culture is cesspit of backward right wing views, vulgar masculinity, and climate change denial. It's part of the same white trash subculture that consistently prevents us from introducing sensible gun control laws to put a stop to the epidemic of gun violence in America. Groups like this need to be monitored and kept in line, before they become emboldened and commit some kind of horrendous terror attack against our government.

Aug 18, 2016 10:53 AM

You can't be racist towards white people because whites are the privelaged, historically oppressive class.

Aug 18, 2016 11:02 AM

Just started following their page now. It's really cool and quite important in this day and age for our Federal Reserve to reach out to the public, and especially young people, and educate them about what they actually to. It's important for our monetary officials to remind the public that they are real human beings just like the rest of us, with jobs and families, who just want to make America a better place to live for everyone. With education, I believe we can win people over and stop these ludicrous conspiracy theories that claim that our Federal Reserve has its own sinister agenda.

Aug 18, 2016 11:09 AM

This one area where I disagree even with some liberals. Drugs are a danger to society, just like guns. I don't like risk - it scares me. I prefer safety. Some people prefer a risky society that lets them do as they choose and while giving them responsibility for their actions. But most of us would rather live in a society that protects us from these dangers, and prevents us from making decisions that we will regret, much like a parent will stop their child from walking into the road or playing with fire. In most cases, I and many others prefer safety over risk.

Aug 18, 2016 12:55 PM

That chart demonstrates how inequality and poverty contributes to crime. Criminals don't want to do what they do - they do it to survive and feed their families.

Aug 18, 2016 9:19 AM

I think the root of the problem is a lack of education about how our economy works, and a vast amount of misinformation and conspiracy theories circulating on the internet that condemn our modern economic system as 'oppressive' and 'sinister'. People simply don't understand how our Federal Reserve works and why it was created. Our Federal Reserve was created by Democratic President Woodrow Wilson with the help of some of America's most experienced financiers, in order to better manage the economy and provide a stable economic climate for workers, investors and businessmen. Since then, America has experienced unprecedented economic growth, and has led the way in technological innovation, management and commerce. Our Federal Reserve now employs a variety of tools to prevent economic crashes and promote growth and job creation, although the specifics are far too complex to explain to the average person. The fact is, people need to get an economic education and listen to economic experts in order to truly understand the motivations of our government and central bank. Listening to conspiracy theories only stokes resentment and a feeling of helplessness. It's all psychology - when you look at the actual economy, it's doing great - record stock market highs, record low interest rates, and a booming silicon valley. 

Aug 18, 2016 9:23 AM

Freedom of speech should be allowed, as long as it doesn't upset the social order and cause needless pain and distress to vicitmized members of society. Free speech is fine, hate speech is not.

Aug 18, 2016 9:45 AM

Ultimately this will bolster Brazil's police force and strengthen the country's grip on crime. The economic benefits of the Olympic games will also serve to reduce crime over the medium term. Holding the Olympic games is such a enourmous economic opportunity that you'd have to be mad to turn it down, so I don't blame the Brazilian government for accepting the games despite concerns about the crime situation. With the boost to jobs and economic growth, everyone is going to be better off.

Aug 18, 2016 9:47 AM

Well I would argue that the developing countries need it the most. The Olympic games are a guarenteed boost to the economy, regardless of the socioeconomic status of the country.

Aug 19, 2011 11:17 AM

Agreed, but don't stop there. The solution to these violent swings in stock and commodity prices is to ban ALL trading by speculators. Obama correctly identified the speculators as the main driving force for this volatility. It simply isn't fair that greedy traders should make so much money.

Aug 19, 2016 11:02 AM

The Trump campaign is in total meltdown! It seems very unlikely that he will recover from this shakeup. How is Trump going to manage the country when he can't even manage his own campaign!?

Aug 19, 2016 11:54 AM

Diversity is our strength. America has one of the lowest Muslim populations in the world, and this simply can't last in a modern cosmopolitan world. We need to increase the number of Muslims liviing in the US so that every culture and religion has a fair representation in our multicultural nation. This country is for everybody, and every group needs to be equally represented in our demographics.

Aug 2, 2011 1:28 PM

These mean libertarians are unhappy about this courageous bipartisan effort, simply because they don't want the poor to receive their benefits. Absolutely shameful.

Aug 2, 2011 5:53 AM

Thank goodness that common sense has prevailed. Only the doomers are unhappy with this result.

Aug 20, 2012 3:18 PM

It’s amusing that libertarians on the one hand complain about the failure of our economy to meet our energy demads, but on the other hand oppose the government investing in smart green technologies to reduce our dependence on fossil fuels and other unsustainable inefficient "market-driven" energy sources. If the market refuses to solve this problem, then it’s up to the government to fix it. Simply as that. Purist libertarians and ignorant rednecks need to understand this. 

Aug 20, 2012 4:45 PM

Opposition to fiscal and monetary stimulus is more than misguided - it’s downright immoral. Japan’s economic condition is a result of fiscal and monetary cowardice. It has to be said that libertarians who oppose stimulus packages are effectively responsible for the preventable poverty that ensues. I am sickened by that the BOJ’s monetary impotence, which has cost the Japanese people billions of Yen in lost wages and forgone job opportunities. I hope that America will not make the same mistakes as Japan, and will continue the necessary monetary easing and fiscal stimulus untill wages, unemployment and GDP have reached acceptable levels. AFTER we have achieved these goals, THEN we can start worrying about the “inflation” that paranoid doomer libertarians are so obsessed about.

Aug 20, 2012 9:32 AM

The ideal Presidential candidate needs to be an expert in the following fields:

1. Economics
2. Military operations
3. Transport
4. Infrastructure
5. Healthcare
6. International Negotiations
7. International Law
8. Philosophy

In this respect, both Barack H. Obama and Willard Milton Romney are ideal candidates for the role of President of the Unite States. Ron Paul, on the other hand, fails miserably on all accounts, having been discredited numerous times by the media, top economists and other members of congress. It comes as no surprise to me that Ron Paul was completely rejected by the American people - Ron Paul lacked credibility due to his outrageous views on the economy, the Federal Reserve and foreign policy. Now that the field has been cleared for the two most credible candidates, the real race for President of the United States can begin.

Aug 21, 2012 10:10 AM

The time for negotiation is over. Egypt now needs to comply with Israel's orders, or face full military intervention by our allied forces. 

Aug 21, 2012 2:01 PM

When are libertarians going to start giving something back to the community? All I see on these boards are libertarians and conspiracy theorists speculating about “the next big opportunity in the markets” or “how best to protect your wealth”; nowhere do I see anybody showing any interest in paying taxes to contribute to the social good, or helping out the government to fight domestic terrorism. What about actually helping people for a change??? How about, instead of promoting tax cuts for the "job creators" (cry me a river), you actually stand behind our social welfare system for once?? How about paying some taxes for a change???

Libertarians tell people that they need to work harder, and get paid less. Well you know what?? There are a LOT of hard working people out there … and they deserve to get paid just as much as any “business man” or big shot CEO.

Aug 21, 2012 2:17 PM

Central planning is part of HUMAN NATURE. Libertarians need to wake up to this and stop living in some made up fantasy world where we can't trust our own government and central banking officials. Spoiled brat libertarians use government roads, bridges and healthcare, and in exchange you OWE the government your time and compliance. You just take all these gifts provided by the government and then cry about how you are mistreated by the state.

Aug 21, 2015 12:00 PM

We are still in a long term uptrend and buy-and-hold equity investors won't be swayed by such short term noise. The real bear market here is gold, which is down over 40%, and silver, which is down an absolutely astounding 70% from its high! 

Aug 22, 2011 12:17 PM

With all due respect, Ron Paul cannot win. I'd encourage Ron Paul supporters to support Obama so that we don't end up with another ignorant republican.

Aug 22, 2011 12:23 PM

Obama was wise enough to hire some of the world's greatest economists and industry leaders to his elite political team. That's pretty smart if you ask me.

Aug 22, 2011 2:47 PM

You may be shocked but I'm actually becoming quite annoyed with Dr. Bernanke. Bernanke has become frustratingly hawkish over the course of this year and my equity portfolio is now heavily underwater due to his lack of decisiveness. I sincerely believe it is time for Obama to pick a new Fed chairman who has the courage to provide the monetary stimulus that this economy is BEGGING for.

Aug 22, 2016 1:35 PM

Those were humanitarian interventions, not wars. Learn the difference!

Aug 22, 2016 10:58 AM

Have you people actually heard Marine Le Pen's Husband's remarks about the Holocaust? He literally said "... it's just a detail in the history of World War II". Just a detail? Just a detail??? This is so incredibly offensive to Jews, I'm amazed that Le Pen is even allowed to run!! It's an absolute outrage that this kind of vile hate speech is even allowed in modern France, let along from the husband of a serious presidential candidate!

Aug 22, 2016 11:17 AM

Ok, her father then, whatever!! The point remains that he is an anti-semetic bigot racist, and his daughter should not be allowed to run!

Aug 22, 2016 11:51 AM

This is unbelievably racist! Black Lives Matter is a movement founded to fight rampant police racism and the cold-blooded killing of innocent people of color. White people are the oppressive class! They don't need protection or advocacy groups! Creating an advocacy group for an historically oppressive and racist group is just a smack in the face for minorities! It's horrible, just horrible!

Aug 22, 2016 12:11 PM

My heart goes out to the people of Brussels. We must not jump to conclusions about the religious or ethnic background of the perpetrator. This is most likely a mentally unstable individual who's criminal motivations are purely psychotic and non-religious in nature. We must combat the far-right who will try to blame this on Islam as a whole should the woman in question happen to be of that faith. We also have to remember that things are difficult for women in our male-dominated patriarchal society, and more needs to be done to make sure women are taken care of and mental health issues such as depression and anxiety are proactively dealt with.

Aug 22, 2016 12:29 PM

The Clinton Foundation raises hundreds of millions of dollars for people in need. If doing favors for top donors means that an extra 1000 homes are built in Guatemala, or clean water is made available in a village in Kenya, I say it's worth it. Hillary has been instrumental in running the Clinton foundation and raising the funds for countless humanitarian projects. If women were in power, there would be no war. Maybe instead there would be more charity such as we have seen from the Clinton Foundation.

Aug 22, 2016 12:33 PM

I'm white, but I feel guilty for what my race has done, and I strongly believe in the need for reparations for slavery and other atrocities.

Aug 22, 2016 9:31 AM

It's amusing to watch Zerohedgers work themselves into a fit of paranoia about every political and economic issue, when the country is already managed by the leading experts in every field. Why concern yourself with issues that are far outside the bounds of your intelligence? Just learn to accept that others know how to run things more professionally than you do, and have the humility to accept that the strategies and macroeconomic goals of our leaders are incomprehensible to us and most other people on the planet. Our job is to make sure we elect qualified politicians - the rest should be left up to them. Having opinions about how things should be run at the highest levels of government and central banking is simply ludicrous.

Aug 22, 2016 9:46 AM

There is no 'humane' way to deport millions of undocumented families who have been settled here for years and are contributing to the economy. One can't help but draw parallels between Trump's proposed mass deportations and the treatment of the Jews in Nazi Germany. The only humane solution is to grant amnesty to the people who are already here and supporting themselves and their families back home, and then to figure out a sensible immigration policy that allows people to come here and work more easily.

Aug 23, 2011 1:18 PM

Nonsense! Crude is down because the market is FINALLY pricing in our congress' pledge to reduce American dependence on foreign oil. This will be ahieved under the wise guidance of the department of energy. The rally we just had was a result of market fears that crazies like ron paul were going to end that very department and sabbotage these efforts.

Aug 23, 2011 1:24 PM

Well at least we can rely on a fair LIBOR rate since it is set by PROFFESIONALS at a few selected elite banks. The bond rates on the other hand are set by the markets which unfortunately include a lot of ignorant libertarians who refuse to recognise our congress' ability to manage complex issues, depsite their repeated demonstrations of courage and perseverence.

Aug 23, 2011 3:19 PM

Keynsianism is the ONLY form of economics adopted by the world's top economists at ivy league schools. There is a reason for this - the US has a consumer economy, not an export economy. There is no point in saving in a consumer economy because this only stimulates production. A consumer economy needs perpetual monetary and fiscal stimulus to stimulate consumption. The Chinese are TOTALLY dependant on US consumption of their exports. If the doomers have their way, the entire world economic system will collapse.

Aug 23, 2012 2:17 PM

I can't stand sycophantic libertarians that constantly suck up to rich people like Santelli, Doug Casey and Rick Rule and believe everything they say. They don't stop for second to think that they're BEING USED. Libertarians are actually being TRICKED by the rich into promoting a philosophy that allows industrial class to literally buy and sell goods and services and hire people at will without any restrictions. Libertarians don't even believe in environmental regulations because "private property" will take care of it (*LOL*). Libertarians are so deluded that they don't trust their own ELECTED government or the Federal Reserve Bank. 

Aug 23, 2016 11:58 AM

The efficient market hypothesis postulates that all information is instantaneously priced into a liquid market. Therefore, the S&P 500 is taking into account all information and concluding that the economy is in good shape. These charts are a mere subset of the vast array of market data, all of which has been analyzed and acted upon by the world's best sell-side analysts, hedge funds and investors. Why spend more time analysing the details, when all of the information is already included in the price? The S&P 500 is consistently making new all time highs, and this says more about the healthy state of our economy than a thousand doomer ZH articles.

Aug 23, 2016 12:14 PM

The stock market is a measure of how well our top companies are doing. When they're making more money, everyone benefits - there are more jobs, more money to invest in new technologies, people's retirement savings increase in value, and people are more willing to borrow and spend, which boosts the economy even more. The stock market is probably the single best gage of how the economy is doing.

Aug 23, 2016 9:03 AM

#NotAllMuslims

Aug 23, 2016 9:08 AM

#NotAllMuslims

Aug 24, 2011 2:01 PM

It's such a shame to see this country on the verge of credit collapse when they were once one of the most successful examples of monetary stimulus. The Roman empire was built by courageous politicians who had the foresight and genious to start expanding the money supply by reducing the quantity of precious metals in their coinage. It is this brave and bold idea that built one of the most amazing empires in all of history, the likes of which people could hardly have imagined before. Top nobel prize winning economists have studied these success stories and have been strong proponents of monetary and fiscal easing as a result. It's just so sad that these ignorant libertarians are causing a liquidity crisis when we could be living in a utopia.

Aug 24, 2011 5:21 PM

This comment is a perfect example of the consipratorial nature of the "precious metals" community. Whenever they lose money investing in crazy doomer gold stocks or looney compression trades, they invent a conspiracy theory to cover for their complete lack of real economic education. Read some Krugman and Stigletz, and you might actually learn something useful for a change.

Aug 24, 2011 5:32 PM

The CME raises margins all the time when the metals are falling. In fact, they raised margins 5 consecutive times while the price of silver was falling. That is pretty obvious evidence to me that there is NO manipulation in your precious "precious metals" market. You are just upset because you are an ammature trader who refuses to get a real economic education from the masters in the field. You have chosen to take shortcuts by listening to the lunatic rants of doomers like ron paul, and you are now paying the price for your ignorance.

Aug 24, 2012 10:09 AM

Well volume is of no concern to smart traders and investors who are profiting from the global recovery. Those who had the courage to buy the S&P this summer have been rewarded handsomely. The doomer day traders that shorted the S&P, bought puts or the VIX, have been completely destroyed.

Aug 24, 2012 11:12 AM

The 10 year note has to be the single best investment in history. Which other investment can boast a thirty year bull market, while providing an unprecedented safe-haven hedge against global market turmoil? The 10 year note has provided prudent investors with consistent alpha over the long term with the added benefits of frequently compounded cash flow and extremely low risk.

Aug 24, 2012 11:18 AM

Robust investments always have large drawdowns. That is a fundamental principle of long term investing, and Facebook is no exception to that rule. FB already has a stellar reputation and impressive revenue. Once the management bring down costs and improve margins, Facebook is set to make a healthy profit. 

Aug 24, 2012 2:38 PM

I will personally be happy with either candidate. My only worry was that Ron Paul would get the nomination for Republican Nominee, which would have been disastrous for American economic and foreign policy. In my opinion, Ron Paul should never have been allowed to take part in the presidential race in the first place. His views are simply despicable and completely contrary to American values and morality. I’m all for a free society, but when presidential candidates start talking about abolishing the Federal Reserve, somebody’s got to draw the line.

Aug 24, 2012 3:05 PM

Despite all the conspiracy theories you hear about the Federal Reserve, there really couldn’t be an institution more deserving of our praise and respect. Since it’s establishment in 1913, our Federal Reserve bank has tirelessly pursued it’s dual mandate for maximum employment and price stability. Much of the economic development in America over the last century has been a direct result of our monetary officials’ sound monetary policy and wise economic planning. The institution is run by academics of the highest calibre, who have a vast knowledge of economic theory and rigorous understanding of economic principles. The most ingenious aspect of the Federal Reserve act was that the bank was specifically set up to be independent of congress. The founders believed that this was the only way to ensure that the Federal Reserve could pursue its dual mandate without corruption arising from congressional interference. 

Aug 25, 2011 12:16 PM

Unfortunately this simply isn't enough. Dr Paul Krugman has calculated that we need at least another $ 2 trillion in fiscal stimulus. One of the major barriors to econhomic growth is that most prices are still somewhat determined by market forces. This has proven nothing short of disastrous with asset prices falling dues to lack of consumer spending and credit expansion.Ultimately, I believe it may be necessary to set up a central body to set ALL prices, not just interest rates. This will include setting prices of consumer goods like ice-cream, to setting the prices of captital goods and even financial derivatives.

Aug 25, 2011 12:45 PM

The problem is that market prices are set by the subjective preferences of crazies and doomers. These preferences are simply WRONG. Only professionals should be setting prices, not novices. 

Aug 25, 2011 12:46 PM

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Aug 25, 2011 12:47 PM

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Aug 25, 2011 12:48 PM

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Aug 25, 2011 12:48 PM

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Aug 25, 2016 11:27 AM

Psychologists believe that Trump may suffer from a variety of mental health issues that compromise his ability to lead this nation responsibly. Among them are narcissism, hypomania, paranoia, and borderline personality disorder. This should seriously concern every voter who is thinking of electing this very unstable person to the white house. We need  to be responsible and elect someone with extensive leadership experience and a proven track record at the highest levels of politics.

Aug 25, 2016 12:29 PM

Our Federal Reserve has expertly engineered ideal market conditions for investors and pension funds - low volatility, with a predictable, steadily rising stock market. These are the best possible market conditions for a number of reasons. Firstly, they allow less sophisticated retail investors to make steady returns with simple buy and hold strategies. Secondly, they allow institutional investors to lower their overhead by simplifying their portfolio rebalancing processes. Thirdly, they allow all investors eliminate the cost of hedging, as excessive risk simply doesn't exist anymore. This is absolutely the best time to be an investor, hands down.

Aug 25, 2016 8:14 AM

The right has successfully and deviously fostered a fake revolution of the working class against the left, using immigrants and 'outsourcing' as the bait. But really, this is just a ploy to undo decades of progress and usher in a fascist government that promotes capitalism and profit over the interests of ordinary people.

Aug 25, 2016 8:32 AM

With the frightening rise of right-wing nationalism and xenophobia in the west, humanity is at a crossroads. One must choose whether to succumb to the divisive isolationism and hateful rhetoric of the right, or to stand firm in support of the progressive values that have modernized the west and ushered in a new age of tolerance and cooperation. For many, standing up to the right is a scary prospect, but for those courageous warriors among us, we know that it is our duty to stand up for what is decent and moral.

Aug 26, 2011 12:10 PM

The worst that can happen is that the hurricane blows over with minimal damage. The amount of monetary stimulus we have following this event is directly proportional to the damage it does. Hence this is nothing to be worried about, it's actually a fantastic opportunity. The issue of hope is actually quite profound economically. The 'hope' theme is a genious narative developed by the Obama administration, which has the express purpose of stimulating consumption by the population, even when their irrational brains are telling them to save. It is imperative that people act under the wise guidance of the experts in these difficult times rather than succum to their defficient thinking processes, which have proven to be consistently incorrect during previous recessions.

Aug 26, 2011 12:17 PM

Although I normally take a contrarian view on this site, I could not agree more with the destructive nature of these currency wars. This phenomenon demonstrates the inherent problem with competing national currencies. So what's the solution? Well, it's simple. What we need is a GLOBAL currency issued by a centralised INTERNATIONAL authority. The managers of this body will be experts and intellectuals of the highest degree - only people from top academic and banking institutions will be admitted in order to maintain the body's trustworthyness and integrity. This will eliminate the currency war and restore peace and equality throughout the world.

Aug 26, 2011 7:38 AM

I sincerely hope that Bernanke has some sympathy for those like myself who are heavily long equities. We trusted in his dovish rhetoric and his strong keynesian principles, and therefore it's only fair that he should reward us with more monetary easing.

Aug 26, 2015 9:26 AM

Honest question for the right wing lunatics on this board:

How many more people need to die before we introduce sensible gun control laws?? 

Gun violence in America is going through the roof, and these stupid right wing idiots still think "the right to bear arms" is more importnat than the lives of innocent people. This exactlywhy we need a Hillary presidency in 2016 - she is the only candidate who will outlaw semi-automatics and introduce laws that significantly restrict access to dangerous firearms.

Aug 26, 2015 9:26 AM

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Aug 26, 2015 9:57 AM

The majority of mass shooters seem to be white males, who are the demographic also most likely to be peodohpiles and domestic terrorists. This is the demographic we should be keeping an eye on, but of course white racists would rather harp on about disadvantaged blacks comitting crimes, or the extremely rare muslim comitting a terrorist attack. 

Aug 26, 2016 10:12 AM

Janet Yellen will have to tow a fine line between signalling future tightening, and not ruling out a willingness to act in the face of economic turmoil. The recovery under Obama has been strong, but with the stock market at all time highs, we may be at risk of the economy getting too heated. On the other hand, we must continue to water the green shoots with accommodative measures that boost aggregate demand and stimulate spending. The worst possible scenario is that the market over-reacts to the downside, which only gives Trump more fuel to attack the democrats. I don't envy Yellen's level of responsibility - one can't help but admire her courage in stepping up to the plate and becoming Fed chair during these pressing times.

Aug 26, 2016 11:21 AM

It's ironic that the same people constantly fear mongering about 'Islamic terrorism' are also complaining about surveillance for our safety! It's quite amusing from a moderate liberal perspective to watch the far-right try to reconcile their Islam narrative with their big brother conspiracy theories.

Aug 26, 2016 2:13 PM

True, Obamacare has forced many privileged Americans to pay slightly more. But coverage rates for minorities and women have increased substantially. What’s wrong with those who can afford it paying more so that less fortunate people can get coverage? Conservatives don’t make any sense.

Aug 26, 2016 2:35 PM

This makes sense. Practitioners of the law are public servants by proxy, and should therefore be non-political and certainly should not hold any extreme views. We have lawyers in America who believe that all Federal gun laws are unconstitutional, and that the income tax was never ratified! How can we tolerate people entrusted to truthfully interpret the law to hold such extreme and outlandish views? It’s a threat to the legal stability of our country, and causes unneeded confusion about the law. It has to be stopped, and this is a good first step.

Aug 27, 2012 11:19 AM

War IS necessary. Along with statism, entral planning and redistribution of wealth. All these things are part of HUMAN NATURE, so there is no point in trying to argue against them. Libertarians need to simply deal with it and stop trying to change how the world works. Ok?

Aug 27, 2012 3:42 PM

The same tragic story is repeated in every part of the capitalist world. Rich business men keep all the money for themselves, and refuse to share. If you ask me, I think that China would have been better off without free market reforms. Sure, under Mao there were problems, but at least they had equality. Now look at China - free market reforms have been absolutely disastrous for equal opportunity and the social fabric of society. 

Aug 27, 2012 4:02 PM

Yeh, I mean ... it's not like capitalism has provided anything better than communism. There are still rich people, and poor people, just like in the communist era. In fact, there's been no real measurable change at all in China since the introduction of "economic freedoms". The only difference is that instead of state oppressors, China now has capitalist overlords trying to hire them and sell them goods and services. It's just as bad.

Aug 28, 2012 10:27 AM

People who were smart enough to buy the S&P this summer have been handsomely rewarded. Doomer shorts, deranged VIX longs and hillbilly mining stock investors have been absolutely demolished. When will greasy ZH day traders cave and start buying US stocks and US treasuries? Surely they must be bankrupt by now??

Aug 28, 2012 10:50 AM

 Spain WILL receive emergency financing from the ECB, the European commission via Eurobonds OR if need be our Federal Reserve. I am a proud investor in long term peripheral debt. Buyers of long term Spanish, Greek, Portuguese and Italian debt are going to be raking in HUGE positive cash flows, in addition to outstanding capital gains when investors realize that the risk of default is in fact ZERO. You guys are missing out BIG time. It's pretty sad, actually.

Aug 28, 2012 10:58 AM

Laugh all you want ... but while you laugh the smart money are quietly reinvesting their coupons in even more dirt cheap long bonds. Doomer ZH investors are missing out on the investment opportunity of a life time.

Aug 28, 2012 11:18 AM

Ron Paul was simply not a credible candidate for President of the United States. His views were representative of a small cult of conspiracy theorists and right wing extremists. Ron Paul should never have been allowed to participate in the GOP primary OR the presidential race. Because Ron Paul was allowed to run as an official candidate, many American voters were tricked into thinking that Ron Paul was somehow a credible candidate. Nothing could be further from the truth. 

Ron Paul's view range from mildly amusing to downright delusional. Here is just a small sample of his appalling views:

1. Ron Paul favors the abolishment of the Federal Reserve Bank of the United States of America. According to Professor Ben Bernanke (current Fed Chairman), this would cause economic devastation not only across America, but across the entire global economy.
2. Ron Paul believes that children should have legal access to class A drugs including Marijuana, Cocaine, Heroine and Crystal Meth
3. Mr Paul believes that America should completely end the war on terror and allow Islamic Extremists who hate our freedom to have free reign over innocent American citizens.

If Ron Paul was running for  leader of the Houston Moon Landing Conspiracy club, I would laugh in amusement, but running as a Presidential candidate with these views is nothing short of irresponsible. 

Aug 29, 2011 11:29 AM

This is a wise choice - I'm increasingly impressed by president Obama's ability to make smart choices during these trying times. Professor Alan Krueger (phd, harvard, cornell, princeton) was rated as the 50th best economists in the world by REPEC. Krueger's diligent research has PROVEN the benefits of minimum wage policies on worker's pay. Thanks to his research we can envision a day with minimum wages of $1,000,000+ and increased price controls, making people richer and more prosperous beyond our wildest dreams.

Aug 29, 2012 10:16 AM

Proudhon was correct, and his philosophy lives on in the hearts and minds of Marxists and leftist anarchists. Property rights are invalid - If you need something, you should just take it. You do not own the effects of your actions because the effects of your actions are more a consequence of mother nature than your actions themselves. You do not own the fruits of your labour, only mother nature owns these things and the state takes custody of this ownership. It is up to all of us to honour the value of fairness by voting for politicians that share our values of equal opportunity and equalization of circumstance. That's what whiny libertarians just don't get: There are no right or wrong actions. Any action in the pursuit of fairness is just and moral. Simple as that.

Aug 29, 2012 3:09 PM

We don't need to cut spending. The government can reduce the deficit by improving efficiency. People also forget that the debt is multigenerational. We don't need to pay down the debt now, as richer future generations will pay it down for us.  To quote Professor Benedict S. Bernanke (current Federal Reserve chairman):

“If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account.”

Aug 29, 2012 9:17 AM

But what about the poor job creators????!!!! HAHAHAHAHA!! Tax the rich 90%!!! Get the 1%!!!!

Aug 29, 2012 9:28 AM

This is a WAR between the common people and the rich. We cannot affect our circumstances by altering our actions. We have ZERO control over our circumstances. The ONLY was to get stuff that we want is to TAKE IT!! This is the progressive revolution ... you're either with us, or you're with the 1%.

Aug 29, 2012 9:40 AM

I agree with all of your points here Maxi. People investing via offshore corporate accounts pay no tax to their governments whatsoever. This is with the exception of the United States, where the IRS has sensibly agreed to tax all offshore profits of American citizens. A digitized global currency system where transactions are monitored by a global government will make tracking money launderers and make sure people are paying their fair share of money to the people who actually run the country. Violations of the social contract are morally despicable will not be tolerated in the 21st century.

Aug 3, 2012 2:23 PM

The accusation of HFT manipulation by frustrated amateur traders is just embarrassing. The theories about "spoofing" and "stub quotes", are so conspiratorial that they are simply ridiculous. I am a very open minded person, but even I have to draw the line here. These accusations go beyond the point where normal rational people have any interest. Sometimes, when ideas just get too crazy, they need to be ignored, and I would say that HFT conspiracy theories are in this category.

Aug 3, 2012 2:56 PM

Well, I'm not aware of all the facts here, but it seems to me that this is not an issue that is worth any thought or consideration whatsoever. These ideas are spitefully endorsed by raving, day trading conspiracy theorists on Zerohedge, who are so bitter and twisted about their trading losses that they look for any excuse to blame their shocking trading performance on “the Fed” or “HFTs” or “the government”. I don’t know about you, but I'm finding these ramblings increasingly wearisome.

Aug 3, 2012 3:03 PM

Yet another successful PP initiative that, despite the ramblings of doomer libertarians has turned out to be a shining success. I predict that this offering will be well bid, just like the last one. AIG is a sterling corporation, that just made a FEW mistakes. But spiteful libertarians are so caught up with criticizing the emergency financing, that they ignore the facts. It's pretty sad, when you think about it. 

Aug 3, 2012 6:03 PM

It's so cool that Michelle Obama is getting involved in the Olympics and teaching kids to eat healthy and get fit! This is what the Olympic spirit is a about - important world leaders getting down to earth and speaking to the people from their hearts. I am humbled that our government is going above and beyond their statutory duties and taking an interest in people's health. This is going to kickstart a revolution in healthy eating. 

Aug 3, 2015 10:05 AM

This article really lets the ZHers' woman-hating colors shine through. If this were a man, there's no way theshe would be receiving this level of criticism. It's absolutely disgusting that in this day and age, a woman cannot enjoy her hard-earned success without criticism and slander by thousands of sexist patriarchs. I say good for her! I like the fact that Hillary is not ashamed of her success, and is willing to push back against the hate that she has received from the right. 

Aug 3, 2015 9:35 AM

I'm not clued up on all the details of this conflict, but what I do know is that the Assad regime has been caught using chemical weapons against its opponents. This is something I simply cannot let stand, and for this reason alone, I support strong military intervention in Syria. ZHers may be against this conflict, but I guarentee the Syrian people are begging us to intervene. Call me old fashioned, but I believe that when innocent citizens cry out for our help, we have a duty as a nation to do something about it. We're long overdue for a new peaceful government in Syria, and with our help, I believe the Syrian people will overthrow their corrupt government and restore peace, freedom and prosperity to their country.  

Aug 30, 2011 10:55 AM

This is UNACCEPTALE!! I gave the red light about Dr Bernanke's newfound hawkishness, and cited the potential consquences with the help of Dr Paul Krugman and other top economists, but nobody listened. I hope you're happy now - my portfolio is well in the red and looks to stay there untill these right-wing meanies in congress and the Fed start taking advice from the professionals. Our Federal Reserve is FAILING to meet it's dual mandate for maximum employment and price stability with their indecisiveness.

Aug 30, 2011 11:17 AM

Belarus is a backward country. Their government officials and central bankers do not have access to intellectuals of the same calibre as our officials in the US. We have the best economics schools in the world. People all over the world compete for the priveledge of being educated by our professors, because they are second to none in competence and intellect.

Aug 30, 2011 8:55 AM

This is the right decision. I trusted our federal reserve officials and congessmen to do the right thing, despite the childish and cowardly attacks from the zero hedge readership, and my equity portfolio is now turning around. I have been rewarded for my patience and trust in our top quality leaders to do what is necessary.

Aug 30, 2012 9:42 AM

Long term peripheral debt is a winner's trade. Just look at these mouth watering yields! Where else can you get frequently compounded cash flows, low risk provided by an accommodative ECB and European commission, and potentially huge capital gains in the event of an emergency financing? This is just an incredible investment. I just can't emphasize enough how much doomer ZH investors are missing out here ...

Aug 31, 2011 5:43 PM

Luckily I don't hold any foreign stocks. I call my portfolio "the patriot's portfolio" because it consists of only US stocks, with an emphasis on retail. This week I have been rewarded greatly for my maturity and persevierence - while European stocks plummeted, my portfolio has taken a turn for the better. These spoiled brat doomers are destroying this country's moral by rallying against the necessary fiscal and monetary easing, and quite frankly I think its time they grew up.

Aug 31, 2012 11:12 AM

The 10 year yield is down on the day at 1.59%. The treasury market is showing incredible resilience. My year-end target for the 10 year is 1.00%. Bernanke doesn't need to introduce more Quantitative Easing with such a robust treasury market. I would howeversuggest monetization of other assets such as mortgage backed securities or equities. 

Aug 31, 2012 3:07 PM

This is a stark demonstration the tragedy of capitalism. The solutions to our problems will only be found by looking to the government for help. Solutions to global problems require collective action, not “personal responsibly” (another libertarian myth designed to protect the 1%). The first thing to do in my opinion is to go after offshore tax free corporate bank accounts. Nobody should be able to simply keep 100% of their property for themselves without paying a fair portion to the government. The government has not only the right, but also a moral duty to take a fair proportion of every person’s property, in order to spend it on virtuous causes of their choice.

Aug 31, 2012 5:05 PM

The bull trap phase in silver is almost complete. After the last of the silverbug lemmings have been sucked in, the capitulation phase will begin. This will be the last test of resistance before the final plunge below $20 and into the teens. Gold is a similar story, with industrial supply set to soar given the historically high turnover by gold miners. I feel sorry for goldbugs and silverbugs. They’re so naive – it’s like watching a car crash in action, but there’s nothing you can do to stop them. 

Aug 31, 2012 6:43 PM

As if doomer ZHers needed any more indication of the stability of the dollar and the US economy, the 10 year yield has closed down on the day yet again at 1.56% despite Bernanke’s QE disappointment. This is an indication that treasury yields are headed much lower. Treasuries are backed by the full faith and credit of our congress and the judicious monetary policy of our Federal Reserve, and they will remain the safe-haven of choice for investors around the world. Not everybody will benefit from the Treasury bull market however. Some people will only start buying when the yield is sub 0.5%. This will be the greatest wealth transfer in history, and it’s sad that doomer ZH investors don’t want to be part of it.

Aug 31, 2016 10:05 AM

All of the extremists on this board that believe we should let banks fail and let interest rates rise to double digits should confront the average Americans who stand to lose their life's savings and lose their home if libertarians get their way. They should explain to poor Americans why they believe our government shouldn't be able to fund poverty programs. They should explain to older Americans why their pension funds should be allowed to fail. You're all sick and immoral people, and it's about time someone called you out on your laissez fair extremist policy recommendations that would destroy our country as we know it!

Aug 31, 2016 10:46 AM

So you think people should be able to say whatever they want on a public platform? That's extreme.

Aug 31, 2016 12:25 PM

Am I the only one who detects a hint of sexism in these constant accusations about Hillary's health? One cannot help but ask whether there is another motive behind this relentless slander. Claims about Hillary's health have been thoroughly discredited. Even Hillary's personal physician, Dr Lisa Bardack, has repeatedly stated that Hillary is in "excellent" health, yet the conspiracy theories continue to circulate, and emanate from the darkest corners of the internet. The conspiracies need to stop now, or people will have no choice but to conclude that these accusations are motivated by bigotry and nothing else! It's dishonest, vulgar, inappropriate and very, very damaging to the electoral process.

Aug 31, 2016 12:29 PM

Sweet, just buy the dip. If these suckers are willing to sell S&P 500 shares at a discount, then I'm happy to pick them up on the cheap! It's all about dollar cost averaging - stocks always go up over the medium and long term, and if you can get bargain prices then all the better!

Aug 31, 2016 8:53 AM

Facebook is a powerful tool for communicating with friends and family, doing business and launching charity programs. But unfortunately far right extremists have now started using it to promote their own hateful and bigoted agendas. Facebook needs to be firm with extremists who seek to exploit their platform - we need strict guidelines that restrict the type of content that can be posted. We also need to do the same for the entire internet, but so far congress has been incredible slow and ineffective on this front.

Aug 31, 2016 8:58 AM

The ANC government needs to step up the affirmative action programs in order to build a stronger black middle class - this is the only path to a stronger economy and better management of corporations. Land redistributions into the hands of the poor and disadvantaged will also boost the economy by providing opportunities for more people to run farms and start businesses. All of these policies are proven to work time and time again, but for some reason policy makers refuse to act decisively.

Aug 31, 2016 9:55 AM

 Right now fighting ISIS is distraction. Our main objectives at the moment are dealing with Assad, responding to Russian aggression, and helping millions of desperate Syrian refugees. We can deal with ISIS later, after all of these objectives have been met.

Aug 31, 2016 9:56 AM

You know, the right's obession with ISIS and 'Islamic terrorism' might be interpreted by some as thinly veiled racism.

Aug 4, 2012 3:05 PM

I want to direct the attention of zerohedge readers to what I see as nothing short of appalling discrimination by our economic officials. Did you know that there are literally thousands of high market cap investment banks, broker dealers and insurance companies who have been denied SIFI status? The failure of our Federal Reserve to award MF Global SIFI status which would have saved one of America's most reputable financial institutions, is a sad page in America's history book. If we want to prevent this kind of tragedy in the future, then we must ensure that other financial insitutions are awarded SIFI status so that they are eligible for an emergency financing. We can't continue to have this attitude that some respected corporations can be allowed to go bankrupt, while others are saved. This inequality is unacceptable in the 21st century and I believe it is the duty of every forward thinking American to promote equal opportunity for top tier financial institutions.

Aug 4, 2015 10:49 AM

All is not lost - the Greek rescue package outlines a comprehensive plan to repay the debt and restore the Greek economy to its once prosperous state. I have confidence in this plan, and I believe the Greek people have the tenacity to execute it.The only thing I would add is that we shouldn't exclude Greece from the nominations for future international sports events. The Athens olympic games gave the Greek economy a much needed boost, and demonstrated the power of government spending to restore economic growth. I believe this whole debacle would have come undone much earlier without the Greek olympic games. 

Aug 4, 2015 11:41 AM

The truth is, segregation and racism never really ended in America. Institutional racism is deeply ingrained into our culture, our economy, our school systems, our political system, the media, and every human interaction. The problem is, white Americans are so racist, they don't even notice when they are being racist. Did you know that African Americans incarcerated at six times the rate of whites? This is simply shocking! Did you also know that one in three African Americans will go to prison in the course of their lives? One in three! That is absolutely outrageous! White people who believe there is no institutional racism in this country are blinded by their own privilege. If there is another incident of police violence against an African American, there is going to be a war in this country against racist right-wing whites. You know who you are: republicans, tea-partiers, Obama-haters, all of you.

Aug 4, 2015 12:15 PM

If you think you have it hard, you should take a walk through a black neighbourhood and see the total destruction and hopelessness caused by centuries of white oppression. 

Aug 5, 2012 3:04 PM

This article fails to recognize the many green shoots in the global economy. The worst of the Eurozone crisis is now behind us, and Europeans can now look forward to a brighter future, with increased job oportunities and exciting new business prospects. The last bank stress test report was simply superb, which bodes well for the stability of the European banking system. Right now, peripheral debt is a clear buy, offering double digit yields to those who trust in the strength of the global recovery and the wisdom and courage of our international leaders. 

Aug 5, 2014 8:47 AM

I don't know why anyone would fly over Russia anyway after this tragic Malaysian airlines disaster. It's one thing to fund an upriing in Ukraine, but targeting civilians is another thing altogether. It's time for the US and NATO to take action because if we allow this kind of behaviour then there is no limit to what corrupt nations like Russia will do.

Aug 5, 2014 8:48 AM

Big deal. We should boycot Russia as a vacation destination anyway. 

Aug 5, 2014 9:09 AM

Awesome! Another SALE!! whoe are these sellers who don't understnad that the ECB cannot and will not allow a default? Who the hell woulsn#t take a guarenteed 6% yield for 10 years? Prepheral debt is the gift that just keeps on giving. 

Aug 6, 2011 7:21 AM

This is bullish for stocks.

Aug 6, 2012 3:15 PM

I used to be a libertarian, a long time ago. But then I read history, and economics. I realized that we simply have to have smart and well meaning regulators to ensure that we cannot make bad choices. Government regulators have a consistently good track record of preventing fraud, which is why liberals worry about what would happen in an unregulated economy.  What progressives point out is that we need the government to tax us in order to fund regulations that prevent financial institutions from defrauding us of our property. Libertarianism was keeping me in a bubble of ignorance, and shielded from reality. I feel more free and liberated now that I have rejected libertarianism.

Aug 6, 2012 9:43 AM

This article only looks at one side of the coin. Sure, businesses may be missing earnings, but the government's revenues are at all time highs, and have remained remarkably stable. 

Aug 7, 2011 4:35 PM

I personally will be buying the dip in long-term bonds. Obama is a strong and courageous leader who knows how to inspire confindence. Congress has demonstrated great courage with their bipartisian compromise, which bodes well for the future.

Aug 7, 2012 10:15 AM

Well, no surprises here - I fully expect uneducated libertarians rednecks to reject the suggestion. But let give you an example so you can see what it's all about.

Consider the emergency financing of AIG: You could take a negative attitude when inferring the outcome of this event by saying things like:

1. Hank Paulson worked for Goldman Sachs, so he must be up to something evil
2. These spineless AIG executives made poor choices, so why should we bail them out?
3. Politicians are just acting according to the preferences of special interests, and not with the goal of saving the economy

OR, you could take a more POSITIVE approach:

1. Sure, Hank Paulson may have been CEO of the largest beneficiary of the emergency financing, but isn’t that a bit conspiratorial? Isn’t the fact that he was appointed by our ELECTED congress proof enough of his good intentions?
2. True, AIG executives made poor choices, but doesn’t the bible teach us to forgive? I quote: “Seek the LORD while he may be found; call upon him while he is near; let the wicked forsake his way, and the unrighteous man his thoughts; let him return to the LORD, that he may have compassion on him, and to our God, for he will abundantly pardon.”
3. In order to get elected, politicians need to withstand the objective scrutiny of a thoroughly moral and knowledgeable American public. Although criticizing the morality of politicians may be widespread, it is far from reasonable. 

Aug 7, 2012 9:19 AM

If the housing recovery does not pick up, then we simply have to introduce a HARP2. This will consist of a modified version of the original program. The two main modifications will be as follows:

1. Loans will have negative interest rates, making them more attractive to home buyers 

2. The loans will be conditional on paying an additional premium on the value of the house, putting upward pressure on house prices

I fully realize that HARP2 will not be popular with libertarians, right-wingers and lunatic conspiracy theorists, but then again, these people were even against the emergency financing of AIG in 2008, so they don't have much credibility in my opinion.  

Aug 7, 2012 9:57 AM

I sense an overbearing negativity on this forum that I find incredibly disturbing and sad. I worry that the Zerohedge readership may be compromising their ability to make objective judgements by always seeking negative conclusions, regardless of the issue. Zerohedge readers need to focus on positive thinking. To get started I recommend the book "learned optimism" by Martin Seligman as an introduction to this new liberating way of thinking.

Aug 7, 2015 8:43 AM

Yet another positive payrolls number - not as high as expected - but an increase nonetheless . We are at the very beginning of a long-term economic recovery, so these numbers are exactly what we'd expect to see, indicating steady, linear economic growth. Slowly but surely, our economy is recovering, and Americans are starting to see the fruits of this economic growth in terms of employment, business opportunities, stock market returns and lower commodity prices as technology allows us to produce far more than we consume.

Aug 7, 2015 9:01 AM

Working less isn't always a bad thing. Many economists predict that one day we will reach an economic singularity in which people will no longer need to work, and resources will be provided to us at no cost by an infinitely efficient market. Maybe this is a sign that we are at the beginning of such a singularity?

Aug 8, 2011 10:59 AM

I don't care about the returns. I believe it is my duty as an American to buy the S&P. I trust that the courage of our congress will pull us through these hard times and I will be rewarded for my perseverance and for having faith in the values that built this country.

Aug 8, 2011 3:31 PM

People laughed at me for my bullish stance on the long-bond. I boldly pronounced my support for president Obama and those congressmen who had the courage to make the tough choice of raising the debt ceilong, despite the inevitable childish attacks from the doomer libertarians. And in the end I was rewarded for standing up for principles of bravery and patriotism.

Aug 8, 2011 3:31 PM

.

Aug 8, 2011 6:14 AM

You can't eat solar

Aug 8, 2012 10:07 AM

The 2005 "live 8 concert" went a long way to improve living standards in Africa by focusing on relieving African governments of millions of dollars of debt. This is the progressive approach to helping Africa - making sure that governments are sufficiently funded to centrally plan a compassionate and forward thinking economy. The progressive revolution rejects that notion that thousands of people per week are being lifted out of poverty in China and India because of "free market reforms". We have done our own analysis, and we are convinced that central planning and regulations are what reduces poverty in the long run.

Aug 8, 2012 10:25 AM

I mean “we” as in forward-thinking progressives. You really think progressives would reject the free market without doing any research? You think we just attack the free market for personal reasons??? NO! ... progressives always do their research. We care deeply about the poor, so naturally we have studied libertarian claims about the free market and poverty reduction in detail. We have objectively and conclusively determined that the free market in fact does NOT lift thousands per week out of poverty in China and India. This is simply a libertarian lie. To make these claims without solid research would be irresponsible, so  of course we research our hypotheses before making claims about how to help the poor. 

Dec 1, 2014 12:44 PM

.

Dec 1, 2014 12:45 PM

Are you idiots still buying gold? The gold bull run ended LONG ago - just look at the chart, it looks absoltely terrible. It's time for the cretins on this site to broaden their horizons - there are countless markets out there to choose from, and while investing in them can be daunting, all you need is a little help from a financial advisor. Green technologies are really hot right now as governents start to get serious about funding innovative companies that reduce our carbon footpriint. There are a host of managed mutual funds that can give you exposure to these hot companies, while managing all the compleixities and risk for you. If you're more indiependent and don't want a financial advisor, then the only investments I would reccomend making would be government bonds and US stock indices, as these are proven to produce consistent and superior returns over the long term.

Dec 1, 2016 1:04 PM

These are paid protestors! The majority of Indian people want a cashless system! This is a FACT!!

Dec 1, 2016 1:16 PM

This is because fake news has taken over the Internet! We need sensible internet regulations NOW! Obama need to hand over the DNS to the UN immediately, not later! This is urgent!

Dec 1, 2016 10:21 AM

#NotMyPresident

Dec 1, 2016 10:21 AM

So even prominent judges are now colluding with Trump and Putin! The system is totally rigged against Hillary! We need free and fair elections in America! The people want Hillary!! What has happened to our country??

Dec 1, 2016 10:24 AM

Putin needs to be tried in international courts for interfering with our elections. So much money was wasted as a result of this election rigging, and now many states won’t even allow us to get a recount. What don’t you morons understand about the fact that Hillary won the popular vote??? She won the support of the American people and she should be President!! What don’t you get about that??

Dec 1, 2016 10:26 AM

It was probably Russia. The Accredited Times was the victim of a series of vicious Russian cyber-attacks. They're attacking pretty much anyone trying to wake up the people to their agenda. They need to be stopped!

Dec 1, 2016 2:37 PM

Nothing new here – accidents in the oil industry have been destroying the environment for decades. When are we going to grow up as a species and realize that burning fossil fuels just isn’t worth it? There are so many viable alternatives out there, such as wind, solar and biofuels – countries like Germany and France have almost completely eliminated their dependence on fossil fuels. We could easily ban fossil fuels worldwide and the negative repercussions would absolutely minimal!

Dec 1, 2016 2:40 PM

Why is Russia aggressively flying a cargo ship above Syria anyway??? This is worse than their aggressive attempt to refuel in Spain! Something has to be done about this aggressive Russian expansionism now!!

Dec 10, 2012 3:39 PM

Reasons why trickle down economics doesn't work:

1. Businessmen only care about profits, not helping their fellow man
2. Businessmen hire people overseas at low wages instead of hiring more deserving workers who were born within the geographical borders within which the business was registered. If you want to hire low-wags monkeys then set up your business in their country. Americans deserve unconditionally high wages. We shouldn't have to compete with foreigners.
3. Contrary to what free market economists believe, the rich don't just trickle their wealth down to the poor - they just keep it for themselves (surprise surprise) and refuse to share. 
4. Lloyd Blankfein and Jamie Dimon are out to get us with their derivatives. Credit Default Swaps are the single most pressing issue in my personal life right now. Every day I worry about when I might encounter a Credit Default Swap and how this will affect me. There is nothing productive I can do in my personal life until government regulators create legislation banning this exchange of cash flows.

Dec 10, 2012 3:58 PM

MDB: Interviews with average Americans

What do average Americans want from their government?

Lucy Johnson, age 60, CT

"I want my government to take care of the old. Times are tough, and my generation is suffering. It's time the young in this country learned to take care of the generation that made this country great. Social security, Medicare and old age benefits take care of the basics, but these programs just aren’t enough. I don't have any savings and I and many others are relying on the young to chip in and give something back to the generation that raised them and gave them everything they have today. Young people are spoiled today – they need to be taught some personal responsibility. "

Dec 10, 2012 4:22 PM

"Why didn't Lucy bother to put any money away for herself"

You make it sound so easy. Not everybody is a millionare who can just spend freely without having to worry about where the next dollar comes from. It's easy for you to criticize Lucy for not saving for her retirement, but the truth is some people have it hard, and don't have many oportunities. That's why politicians are elected: to level out the playing field and create a more equal society.

Dec 10, 2012 4:36 PM

In my opinion, Benedict Bernanke is next in line for the Nobel Peace prize after President Van Rompuy. Professor Bernanke's dollar swap lines may have prevented a war between European states. Meanwhile Bernanke's monetary policy at home has staved off a double dip recession and thus saved the global economy from a potentially devastating slowdown. Meanwhile, inflation remains astonishingly low, leaving room for even more monetary easing in order to boost employment to acceptable levels. The actions of Professor Bernanke have been simply heroic, and I can think of no other man who has matched his contribution to humanity.

Dec 11, 2011 5:39 PM

Do you think you could spare some silver to help me out? Over the last couple of months I’ve had some pretty devastating margin calls, and although I’m holding my head high I can’t help feeling a little sorry for myself. My equity portfolio is strictly long-only, which is a reflection of my belief the greatness of America. I know that I will be rewarded eventually for my faith in our leaders since history shows that politicians are accountable to the people. However, some extra margin would really help me through this difficult period. 

Dec 11, 2011 7:55 PM

I have always had an underscore - search the site for yourself. You may be surprised by my modesty but I'm not afraid to proclaim my support for AMERICA, even if it means admitting losses on core US stocks.

Dec 11, 2012 3:45 PM

Interviews with average Americans 

What do average Americans want from their government?

Harry Ramiro, age 55, NJ

"I retired 3 years ago after 30 years as a public school teacher and proud union member. I am currently living on a reasonable pension of 100k plus benefits and social security. I am very happy with the way things are going in this country and I'm happy for things to stay just the way they are. However, I am shocked and terrified that there is talk in this country about cutting public sector pensions. As usual, the Koch Brothers funded right wingers aren’t happy with regular Americans getting paid for their contribution to society. As teachers, we expect our students to take personal responsibility for their actions, and we reward students according to their academic performance. Likewise public school teachers produce top quality high school graduates and we expect to be compensated accordingly. For christ’s sake, social security is running a surplus of IOUs. There is no need for cuts to public benefits, and people who tell you otherwise are lying little weasels."

Dec 11, 2012 4:39 PM

Interviews with average Americans 

What do average Americans want from their government?

Harry Ramiro, age 55, NJ

"I retired 3 years ago after 30 years as a public school teacher and proud union member. I am currently living on a reasonable pension of 100k plus benefits and social security. I am very happy with the way things are going in this country and I'm happy for things to stay just the way they are. However, I am shocked and terrified that there is talk in this country about cutting public sector pensions. As usual, the Koch Brothers funded right wingers aren’t happy with regular Americans getting paid for their contribution to society. As teachers, we expect our students to take personal responsibility for their actions, and we reward students according to their academic performance. Likewise public school teachers produce top quality high school graduates and we expect to be compensated accordingly. For christ’s sake, social security is running a surplus of IOUs! There is no need for cuts to public benefits, and people who tell you otherwise are lying little weasels."

Dec 11, 2013 9:52 AM

@HH Yea sure. I worked my arse off as a Herbalife distributor an got nothing but a garage full of stock. I didn't get a damn thing for my hard work and imagination. I have the right to a reasonable salary and pension just like anybody else and I don't need people like you lecturing me on how I need to 'be productive' and 'create value for others'.

Dec 12, 2011 11:21 AM

Libertarians have been successful in bullying Bernanke into adopting a weak, pathetic and impotent monetary policy. Professor Bernanke needs to rediscover himself, and reawaken his profound ability for spurring confidence in the recovery and in the American dream.

Dec 12, 2012 2:57 PM

Interviews with average Americans

 What do average Americans want from their government?

 Sarah Ford, age 20, NY 

 “I'm a young and involved activist about to start my double major in environmental studies and politics, and I'm very, very angry about what is going on in this country. I blame this country's problems on the exploitations of corporations and a blind worship of the "free market" and "self-regulating capitalism" (Tell me, how does that work again? Oh yeah, it doesn’t morons). Following the deregulation of the banking sector and the repeal of Glass-Steagall (the financial regulation act that would have prevented the financial crisis), this country has gone down the drain. Meanwhile, scumbag corporations are continuing to hire non-American foreigners in other countries instead of Americans at home. Hire Americans, idiots – you’re American companies aren’t you? Fuck free trade. End capitalism. End this crap ... I’m sick of it!”

Dec 12, 2016 11:15 AM

It’s already established that there are rogue elements in the FBI working for Putin. These are the same factions that tried to prosecute Hillary for the made up emails scandal, which was shortly after confirmed to be a lie. Why should we believe these same people now that the CIA is lying about Russian intervention in the elections?Hillary was up by 10 points and yet Trump somehow won – explain that. This is fake news of the worst kind.

Dec 12, 2016 8:50 AM

Nice going, Trump. You breached the One China policy, and now we’re going to lose out big time when China stops trading with us. China has all the leverage – they have the fastest growing economy in the world, and the West is rapidly declining and adopting a service economy instead of a manufacturing economy. This is inevitable – many accredited textbooks have been written, detailing the rise of the East and the fall of Western dominance. It cannot be avoided, and Trump needs to backtrack and appease China or we are all going to suffer the consequences!

Dec 13, 2012 2:44 PM

Gold is heading significantly lowe, I'm afraid. Yesterday's trading action was nothing short of dismal, and paints a bleak outlook for gold and silver. The dreams of goldbugs are about to shattered into tiny pieces by the coming collapse of the gold bubble. The crash is long overdue - I can't say whether it will be next week, or next month, but it's coming. 

Dec 13, 2012 3:03 PM

Interviews with average Americans

What do average Americans want from their government?

Brad Jones, age 25, IL

“What do I want from my government? What do I want?? Are you fucking kidding me? I have basic needs: A job, a descent salary, a house, a fucking vacation. These are needs not wants – get that through your stinkin head. Fucking government doesn’t give a shit about unemployed average guys like me. I’ve got a fucking college degree for fuck’s sake! I studies media and modern culture for four damn stinkin years and this piece of shit government can’t even provide me with a fucking JOB??? They’ve got enough  money for wall street, but not for an average hard working guy on the street. Fuck this shit. The occupy movement is gonna take over this country so guys like me can get a guaranteed job and a decent wage. We need a revolution in this country ... a progressive revolution”

Dec 13, 2012 3:41 PM

Oil and gas is a dead industry. The green revolution is going to completely obliterate the dreams of peak oilers. Those who are counting on oil futures and oil stocks to carry them into the higher echelons of society are in for a rude awakening. Green energies already starting to replace oil and gas. Wind farms are starting to appear everywhere.  I’ve seen pictures of wind farms appearing in waiting rooms, shop windows and in street posters on every block. The revolution is coming. Those who prepare for it by putting together a green portfolio will ride this wave to great fortunes. Those who remain fixated on the ways of the past will suffer severe financial losses.  

Dec 13, 2016 11:37 AM

Kanye West has now been completely discredited and shamed by MTV and Hollywood. He is no longer a star – his career is over. It is absolutely unacceptable for a celebrity to endorse a racist, sexist pig like Trump. Millions of children listen to Kanye’s music and look up to him as a role model. What does his endorsement of an open fascist tell them about political sensitivity and morality? It’s shocking that he still allowed on TV.

Dec 14, 2011 5:20 PM

I have composed a draft letter to the white house expressing my concerns about this slow recovery. I just wanted to run it past you so you can tell me what you think:

"Dear Mr President,

I am writing to you as a concerned citizen. Despite my unwavering support for your administration and the values it stands for, I am increasingly agitated about the sluggish pace of this economic recovery.
I am worried that congress is cutting spending too much and too fast and that this is damaging economic growth and I strongly suggest that without further fiscal stimulus we could be headed for a double dip recession. What is the government doing to promote growth and create jobs? With due respect, I want answers and will not be satisfied with smooth political talk. 

Yours Sincerely,

....."

Just wanted to run this by you guys and see of you had any suggestions. I know it's pretty harsh but I'm really concerned that our government simply isn't doing enough to support this fragile recovery.

Dec 14, 2016 4:06 PM

Yellen needs to raise rates fast and hard! People are crediting Trump with economic improvements now! This is a political disaster! We need to crash the economy until Trump is removed, NOW!!!

Dec 14, 2016 4:09 PM

Full employment thanks to Obama! And yet, somehow Trump is getting credit for the economy? Laughable! The economy is Obama’s single greatest gift to Trump!

Dec 14, 2016 4:14 PM

How can anyone not understand the simple and sound methodology used by the BLS in order to determine whether someone is in the workforce? Retirees? Students? Welfare recipients? Should these people be considered "in the workforce"? The fact that these people are living happy and fullfilling lives outside the workfore is all the more indication that our economy is doing great!

Dec 14, 2016 9:15 PM

Criticism of the Federal Reserve is fundamentally un-American. The Federal Reserve bank is over 100 years old, and has managed our economy through some of the most turbulent periods in our country’s history. Our Federal Reserve’s dual mandate is to produce maximum employment and price stability, and without them we would be unable to achieve either of these things. Shame on you Zerohedge for criticizing such an important American institution.

Dec 15, 2011 6:58 PM

I am SICK TO DEATH of these rating agencies causing havock in the sovereign debt markets. Honestly, where does this end? Patriotic equity and bond investors all over the world are being punished by these doomer attitudes and pessimistic ratings. This is a time when investors should be rewarded for their faith in the world economy, not punished for it.

Dec 16, 2016 5:20 AM

Google shouldn’t have allowed Trump to be listed at the top. He was propelled there by fake news and his gaming of the system to get free publicity. Facebook is already taking serious steps towards filtering fake news – when are you going to step up to the plate Google?? Millions of ordinary Americans are counting on you!

Dec 16, 2016 5:22 AM

Higher interest rates may hurt Americans in the short run, but if this is what it takes to stop Trump, then I’m all for it. In the long run, when our political system is restored and the threat of fascism is destroyed, it’ll be more than worth it.

Dec 16, 2016 5:26 AM

Fake news! You’re criticizing the CIA using debunked conspiracy theories while supporting a hostile adversary, Putin! Shut it down!

Dec 17, 2014 1:34 PM

Damn! I was seriously thinking about going long ALL WEEK. This always happens to me. The price has been going down for so long, it's clearly bottomed now. I can't believe I didn't go long today - I'm such an idiot. Do you guys think it's too late to buy now??? I really don't want to be cut out from this move. I want to take a position but I'm scared. What should I do?

Dec 18, 2011 12:42 PM

The world's problems will not solve themselves, and we have reached a stage in the global awakening when pessimism is no longer an excuse. It's time for a fundamental advancement in global governance for the good of humanity. Say no to poverty. Say no to climate change. Say no to racism. Say yes to global compassion. One world, one people, one government. Join the progrEssivE rEvolution.

Dec 19, 2011 1:23 PM

Did you know that over 500 children die in firearm accidents every year? Support the progrEssivE rEvolution and end dangerous firearm sales with global legislation. What's your excuse?

Dec 19, 2011 1:46 PM

The riots would not have occurred in the first place if the UK government had provided more welfare and job opportunities - the UK government is cutting spending too much and too fast, which is undermining their economy. Letting the public carry firearms is simply too dangerous, and the world is waking up to this.

Dec 19, 2011 2:15 PM

Only the doomer libertarian community could have the arrogance to claim that top portfolio managers are not up to their own game. These professionals have studied the most advanced portfolio theory and the CAPM. They are well equipped to guide clients through any crisis.

Dec 19, 2011 4:48 PM

Couldn't have put it better myself. The honourable Warren Buffet (presidential medal of freedom winner) is simply buying when there is blood in the streets. While the ZH doomers jump up and down in a frenzy of masochistic glee, Mr Buffet is calmly picking up value stocks at bargain prices. And his courage is truly something to be admired.

Dec 19, 2016 9:38 AM

Way to go Zerohedge for diverting from the real issue, which is Russian interference in our elections. Saudi Arabia is one of our top allies in the war on terror – we need to respect their wishes in order to continue our fruitful relationship with them. Russia is a hostile adversary who needs to be stopped. #NukeRussiaNow!

Dec 19, 2016 9:47 AM

Are you a bigot? If you answer yes to any of the following then you most definitely are:

1. You support Trump
2. You blurt out “Merry Christmas” in public places with Muslim Americans nearby
3. You think there are exactly two genders
4. You think that “All Lives Matter”
5. You think that the US and Russia can be “friends”
6. You deny the science of climate change
7. You question monetary policy set by experts in our Federal Reserve
8. You believe thousands of undocumented families should be deported
9. You think womyn should be "punished" for illegal abortions
10. You don't know what transphobia is

Dec 19, 2016 9:50 AM

As much as I respect Obama, he is totally wrong about this. Hillary won the popular vote, and multiple US intelligence sources have now confirmed that Russia hacked our elections. He is a victim of fake news on this one.

Dec 2, 2011 5:22 PM

Forget Ron Paul. If you are looking for a courageous leader during these tough times, in my opinion there are none as grossly underrated as President Herman Van Rompuy. While the European sovereign debt crisis has dominated the headlines, Pres. Van Rompuy has been a humble and modest advocate for progressive reforms to drive social change and consolidate core European values. Above all, Pres. Van Rompuy should be admired for his persistence and courage as a promoter of strong central governance in the face of ever rising right-wing ignorance. If Mr Rompuy ever considers moving to the US and running for congress, he has my vote any day.

Dec 2, 2011 7:21 PM

Loser? Van Rompuy is my hero. He does not submit to ignorant right-wing bullies like Nigel Farage. Instead he quietly focuses on the job he was appointed to do. This is the kind of leadership that is so lacking in the world today, and I'm not afraid to express my appreciation for his courageous work.

Dec 2, 2016 9:57 AM

Even better! People have become so wealthy under Obama that they are now retiring in record numbers!! Obama will go down as hands down THE BEST President for the economy, that America has EVER witnessed!!!

Dec 2, 2016 9:57 AM

WOW!!! Way to go Obama! Talk about ending with a blast! This was an absolutely OUTSDANDING NFP result, absolutely crushing the lies of the alt right about how the economy was mismanaged under his term. Wow … just wow!!

Dec 20, 2011 4:25 PM

I have been suggesting this for many months now. I truly believe that this is the ONLY viable policy in the long term. Many US financial institutions have large exposures to European sovereign debt, and a default could seriously harm their balance sheets. The financial sector is a large part of our economy here in the US, so it is in our national interest that our Federal Reserve does everything possible to stabilize Europe. And if that means full-scale debt monetization, then so be it.

Dec 20, 2012 1:31 PM

Interviews with average Americans 

What do average Americans want from their government?

John Dartwood, age 59, AL

America needs to start facing the hard reality of the threat of terroristic activity in this country. Terrorism is foreign AND domestic. There's terrorism everywhere, not just overseas. If somebody criticized our foreign policy, that's terrorism. If somebody threatened our government or the CYA, that's terrorism. It's a mindset - you got to see the threats to America before you can see it. Terrorism is serious business. We need to increase our national security and support our military. Terrorists are ruthless, and our national security measures need to be ruthless too. 

Dec 20, 2012 1:35 PM

Interviews with average Americans 

What do average Americans want from their government?

John Dartwood, age 59, AL

America needs to start facing the hard reality of the threat of terroristic activity in this country. Terrorism is foreign AND domestic. There's terrorism everywhere, not just overseas. If somebody criticized our foreign policy, that's terrorism. If somebody threatened our government or the CYA, that's terrorism. It's a mindset - you got to see the threats to America before you can see it. Terrorism is serious business. We need to increase our national security and support our military. Terrorists are ruthless, and our national security measures need to be ruthless too. 

Dec 20, 2012 10:39 AM

Interviews with average Americans

What do average Americans want from their government?

Lisa Fernstein, age 45, IL

I want the government to do more to further gender equality in this country. I have been a gender equality activist for 25 years, and I remain shocked at the discrimination against women in this country. For a country that is supposed to support equal rights for all citizens, it is ironic that half of the population earns significantly less, is less likely to be accepted into college courses like math, physics and engineering, and is discriminated against in almost every area of our economy. It’s about time that women got equal rights in this male-dominated, patriarchal society. It’s an absolute disgrace that in this day and age, an intelligent capable woman has absolutely no opportunities and no chance of success. This simply has to end. 

Dec 20, 2012 2:23 PM

I'm sorry but equating fox news with professional outlets like MSNBC and CNN is simply laughable. MSNBC covers news from a progressive perspective, promoting sensible solutions to social problems like delegating responsibility to politicians and introducing new laws and regulations enforced by smart well-meaning policemen, lawyers and judges.

Dec 21, 2011 7:46 PM

Did you know that 1375 people died due to acts of terrorism in 2010? Support the progrEssivE rEvolution and end terrorism with global surveillance networks. What's your excuse?

Dec 21, 2016 4:42 PM

This is more to do with a cultural shift than the economy. It wasn’t easy for Obama with Republicans in the house constantly blocking his progressive policy proposals – he wanted to do so much more. Despite this though, we had record low interest rates, positive NFPs almost every month, and one of the greatest stock market rallies in US history.

Dec 21, 2016 4:46 PM

Trump better be careful – a trade war with China wouldn’t work out for us. China has all the cards, and we need them far more than they need us. Trump needs to apologize to China now for taking a call from the terrorist renegade state of Taiwan. We need to respect the One China policy or expect serious repercussions. Sometimes, when I read zerohedge I wonder whether Tyler even watches the news? These articles are so detached from what is reported on reputable news outlets like CNN that one has to wonder.

Dec 22, 2016 10:04 AM

Bitcoin is an act of monetary terrorism and should be banned. Besides, what if a meteor hit the earth and destroyed every hard drive and network connection at the same time? Your bitcoins would be lost! No thanks! I want tangible dollars in a certified bank account.

Dec 22, 2016 10:21 AM

How could anyone lose to someone as stupid as Trump?? The people literally LOVED Hillary! This election was rigged by Russia on an unprecedented scale! We need to stop denying this and just admit it. Hillary won this election – Trump cheated. He needs to be removed on the basis of widespread Russian hacking, and replaced with Hillary!

Dec 22, 2016 10:22 AM

Dec 22, 2016 11:58 AM

Why do people feel they need to lose weight. Many men find fat womyn attractive, and criticizing a womyn’s weight is fat shaming, which is a hate crime. There’s nothing wrong with being larger than usual – it is a perfectly healthy lifestyle choice. It’s the magazines that create an unrealistic body image for womyn and make them feel inadequate that are the problem. Womyn who promote this body image by obsessively going to the gym and wearing makeup need to be ostracized, so that larger womyn do not feel rejected! Body shaming needs to be eradicated!

Dec 22, 2016 12:01 PM

Whats the matter - can't handle a strong African American womyn playing the markets? Keep your insecurity to yourself, bigot!

Dec 23, 2011 12:50 PM

Can you believe Ahmadinejad's arrogance!? Obama is showing maturity and courage despite these threats, but this is no indication of weakness. If Iran wants trouble, I say BRING IT ON - America is locked and loaded and ready for war. Iran is going to have to learn the hard way that you DO NOT MESS WITH ISRAEL.

Dec 23, 2011 4:44 PM

“... the perfect storm of a macro and micro recoupling in a deleveraging vortex”

Sorry, this simply isn't going to happen. Doomer libertarians have been fantasizing about total economic collapse for decades now, and they have so far been DEAD WRONG.

Many value investors have put their faith in world leaders and the global economy, and there is simply NO WAY that politicians and central bankers have the moral conscience to betray them. I count myself among these investors, and I sleep well at night knowing that Obama and Bernanke are watching my back. 

Dec 23, 2011 5:49 PM

Spot on as usual itstippy. However, I believe this year's man of the year simply has to be President Herman Van Rompuy. Pres. Van Rompuy may not grace the headlines as frequently as Obama, Merkel, Sarkozy or Cameron; but he has nonetheless played a pivotal role in the quest for economic and social reforms. His quiet determination and stoicism throughout this crisis has been simply inspiring, and in my opinion he is the single most underrated leader of our times.

Dec 23, 2011 6:20 PM

The Austrian school makes a fatally flawed assumption about equity prices. Namely that they should be determined by the subjective preferences of market participants. There is in fact a far better and more objective means of price discovery - create a central body to set equity prices according to the mathematical models of professional economists.

The optimality of the price of equities can be modelled by the following equation:

              U(price) = SUM( w1x1 + ... + wnxn )

Where

              wi = intelligence of market participant i

               xi = proportional influence of market participant i on price

Letting Wmax = MAX( w1,...,wn ),we find that:

              Max{U(price)} = SUM( w1x1 + ... + wnxn ) | wi = Wmax for all i

                                            = Wmax * SUM ( x1 + ... + xn)

                                            = Wmax

Therefore, for maximum prosperity only the most intelligent professionals should be setting prices.

Dec 23, 2011 7:27 PM

They will simply have to pay this price, since it will be mandated by law. But in any case, a failure to agree with the optimal price is a clear demonstration of ignorance, and the resulting social ostracism should be enough to enforce compliance. 

Dec 23, 2016 11:49 AM

And Putin’s strange and unusual affinity for Trump is revealed once again. 17 accredited intelligence sources have already confirmed Putin’s personal involvement in our elections. Trump is clearly not legitimate – let’s just remove him already, we have every right to!

Dec 23, 2016 11:51 AM

We don't need an "arms race" Trump - we need to #NukeRussiaNow! This is just a lame excuse to delay an actual confrontation with his master Putin!

Dec 23, 2016 2:13 PM

AND THERE WE HAVE IT! TRUMP PRAISES PUTIN AGAIN, AND DEMONSTRATES THAT HE IS AN AGENT OF THE KREMLIN! WOW! JUST WOW!!!!

Dec 23, 2016 4:46 PM

I feel embarrassed to be an American right now. Even top performers don’t want to perform at the inauguration, which is normally a privilege. It’s so sad that this awful, sexist man is our president. He should be impeached on the basis of his racism and sexism and collaboration with Russia. Russia! Sexism! Xenophobia! What do I have to say to get you imbeciles to change your minds about this horrible, horrible man?

Dec 24, 2011 7:17 AM

Quite right. I have already suggested something akin to this. Refer to my comment a few months ago:

Dec 24, 2011 7:18 AM

Actually I said “U(price)”, which is the utility/value of the price. I suggest you look up utility theory. I am inferring that more intelligent individuals have more valuable preferences than less intelligent individuals. That is the basis for this equation.

Dec 24, 2012 12:05 PM

While ZHers obsess over ‘liberty’ and ‘freedom of speech’, terrorists are planning to destroy America and cause untold destruction. Why don’t you idiots try living in the real world for a change, instead of this no-government, no-federal-reserve fantasy land where there is no terroriststic or criminalistic activity, no thieves and no corruption. Sorry idiots, but the only way to protect us from dangers like this is to give more power to politicians and let them work on a solution. If any of you morons has a better solution, I’d love to hear it.

Dec 25, 2011 7:30 AM

Merry Xmas every body. I'm looking forward to the new year when all the 2012 doomer conspiracies can finally be disproven and libertarians will be discredited once and for all.

Dec 26, 2016 10:25 AM

This is nothing compared to Russia aggressively sailing through the English Channel and attempting to stop for fuel in Spain, in an unprecedented act of aggression. Russia is still the main threat to global peace, and we will all suffer if we fail to respond to their expansionism with immediate and strong military force.

Dec 26, 2016 10:29 AM

The real estate market is creating millions of jobs though. No matter how small, every town in America has at least five real estate agencies helping people buy and sell houses. If we let house prices fall, as libertarians advocate, then all of these jobs will be lost.

Dec 26, 2016 11:07 AM

So how would you define real liberalism as opposed to neoliberalism? I’d say real liberalism is characterized by a strong welfare state and compassionate healthcare system much like Bernie Sanders wanted. Is that not accurate?

Dec 27, 2012 10:28 AM

Hedge funds buy credit default swaps which are toxic derivatives. As long as the government refuses to regulate these derivatives, we will continue to experience financial turmoil. Capitalism can't work without smart well-meaning politicians looking out for the little guy. I want the government to watch my back so I don't have to. That's what I expect in return for voting and supporting Barack Obama for president. 

Dec 28, 2012 2:09 PM

The only thing credit traders are worried about is the retail investors catching on to the biggest wealth oporunity in history - European peripheral debt. While the media has been blasting out negative pessimistic headlines about Europe,  the smart money has been quietly accumulating european debt. Once the dumn money catches on, Europe will be fixed, and the value investors that saw this oporunity will be rich beyond their wildest dreams.

Dec 28, 2016 10:53 AM

LOL Trump went personally bankrupt four times! He is a total loser! Obama has never been bankrupt and he got his first job with Henry Kissinger, and he has worked as a top level community organizer. That qualified him beyond any measure for the Presidency. And what does Trump have to his name? Nothing but bankruptcies and shady deals. The guy has failed at everything he has ever done. I feel sorry for Trump – he really is pathetic.

Dec 28, 2016 10:56 AM

If trump can’t even handle criticism from Obama, how is he going to negotiate with world leaders? He has such a fragile ego, it’s embarrassing. Deal with it, Trump – the American people voted for Hillary. You’re only President elect because of Russia.

Dec 28, 2016 10:59 AM

Trump is already threatening to use nukes against China and North Korea, and he says he wants a nuclear "arms race". This is really scary. Progressives were totally on the mark when they said he would start World War III. Maybe you idiotic right wingers will listen next time we warn you about populist political candidates!

Dec 28, 2016 11:02 AM

Queue the usual suspects turning this into a witch hunt of Muslims. Islamaphobia has reached frightening levels in Europe, and Donald Trump’s election and Brexit have only exacerbated the problem. We need to start arresting Islamaphobic brutes before this kind of abuse becomes commonplace.

Dec 29, 2011 1:20 PM

You are simply fear mongering by painting an image of thugs with guns. The reality is that this only happens to trouble makers who refuse to give money to the government after REPEATED WARNINGS. Most good law-abiding citizens never face physical violence since they understand that they must obey orders for the public good.

Dec 29, 2011 10:14 AM

Dec 29, 2011 11:52 AM

I WARNED about this REPEATEDLY, but was ignored and mocked by the zerohedge readership. We are facing the biggest collapse in aggregate demand in history and its time for central banks and governments to GET SERIOUS. We need BOLD monetary and fiscal stimulus programs to get people spending again or we risk a total cedit collapse and decimation of peoples' equity porfolios. Do you people realise how much exposure US banks have to Europe? Do you realise how leveraged their balance sheets are!? The world is crying out for LEADERSHIP and all we are seeing is indecision and impotence.

Dec 29, 2011 12:08 PM

"The central control of interest rates is a dismal failure"

This is simply false. Our Federal Reserve has managed to keep interests rates at record lows despite this economic turmoil, which is a remarkable achievement.

Dec 29, 2011 12:16 PM

Taxes do not have to be increased, as we can simply borrow the money. Interest rates will not rise for two reasons:

1. China depends heavily on our consumption of their exports and so they must conitnue to finance American spending

2. Our Federal Reserve is able to buy our government's debt and bid up treasury prices, which is also known as quantitative easing

Dec 29, 2011 12:27 PM

The world is not black and white. You have to accept the value of price controls or you are simply an extremist/purist. There is a time and a place for price controls, and a time and a place for liberty. Purist libertarians need to understand that THERE ARE NO UNIVERSAL PRINCIPLES.

Dec 29, 2011 12:48 PM

This crisis was caused by GREED. When a person earns over $10 mil, the rest should be given to the government for the good of society. If people just stepped up to the plate and gave more money to their governments, there would be far more peace and prosperity in the world. People can't be trusted to give money to the poor, so we need to trust the government instead. Politicians are elected because they are more trustworthy than average and can be expected to spend our money wisely and morally, whereas citizens cannot.

Dec 29, 2011 9:40 AM

Dec 29, 2012 3:52 PM

As we approach the end of this much anticipated calendar year, it is important to remember the avalanche of never-to-be-realized 2012 conspiracy theories that were touted by fringe bloggers, libertarians, preppers and other conspiracy hacks. NONE of the 2012 conspiracy theories came true. On the contrary, this was a year of spectacular stock returns, record low interest rates, a collapsing VIX and stagnant/falling precious metals prices. The global recovery has officially begun. The green shoots are everywhere: we have a strong housing recovery, gasoline prices are highly favourable for American consumers, and retail investors are poised to take advantage of the next leg up in the international stock and bond markets. I’m sorry, but libertarians and conspiracy theorists need to apoligize NOW if they want to retain what little credibility they had to start with.

Dec 29, 2016 2:05 PM

Why is this a joke? It’s common knowledge that Saudi Arabia is our second greatest ally in the war on terror after Israel. The conspiracy theories about their involvement in 9/11 and ISIS have been thoroughly debunked by the accredited media. This fake news is getting kind of tedious – it’s so easy to see through it, you don’t even have to try. Anyone who follows CNN, MSNBC or the Washington Post laughs at the stupidity and inaccuracies of these ‘alternative’ media sites.

Dec 29, 2016 2:06 PM

What WAS a joke, was Russia being on the United Nations Human Rights Council while commiting crimes against humanity in Syria and Crimea. Thankfully they're off it now.

Dec 29, 2016 2:33 PM

So how are people with pre-existing conditions going to get healthcare?? The insurance companies won’t cover them because they are ‘high-risk’. What kind of system is that, where companies make decisions based on profit and shareholders, rather than peoples’ lives??? We need a single payer system, PERIOD!

Dec 29, 2016 2:34 PM

The only people losing out from Obamacare are white males, who deserve to pay more! Womyn and minorites have seen massive increasese in coverage rates!

Dec 3, 2011 5:51 PM

Nassim Taleb obviously hasn't read any work by Dr Paul Krugman, or he would realise that the world is not black and white. Taleb is a PURIST who believes that we can't have ANY central planning or intervention in the economy. That is just patently ridiculous. If we have a ‘free-market’ then who is going to protect us from DERIVATIVES like options, futures, swaps, swaptions and credit default swaps? We need to be protected from Jamie Dimon and Lloyd Blankfein who are out to get us with their derivatives!

#OccupyWallStreet

Dec 3, 2011 8:14 PM

The free market is not 'free' at all since it offers no free benefits such as education, welfare, housing and retirement plans. To say this is 'freedom' is simply fallacious. Millions of people in China and India have been lifted out of poverty by increased regulations and welfare spending, and libertarians are doing everything they can to end this process. Simply sickening.

Dec 3, 2012 10:20 AM

I’ve been telling people to buy Greek bonds for months now, and snobbish ZHers simply laughed at my investment recommendation with sanctimonious indifference. Now I am finally being vindicated. This investment was a no-brainer. Yields were and are simply ridiculous, given that the Greek situation has largely been resolved and the ECB stands firmly behind bondholders. It takes a common sense value investor to see oportunites like this. Conspiracy theorists are so full of convoluted ideas and projections that they can't see basic realities.

Dec 3, 2012 2:29 PM

This article couldn’t be further from the truth. Home builders have access to super low interest rates and a ravenous American consumer, armed with cheap loans and other goodies like HARP. Pessimism is at an all time low, which indicates that the housing market is about to take off. Pathological doomers always miss the best prices. They missed the boom in Bonds in the 80s, they missed the boom in consumer stocks in the 90s, and now they are about to miss out on the housing boom for the second time in a row. I feel sorry for ZHers with no understanding of economics or investment. They act like they know what they’re talking about, but it’s clear that they are nothing but a bunch of amateurs with a bitter hatred for everything that is decent and wholesome about America.

Dec 3, 2012 4:34 PM

Everyone needs to read this book: 

Dec 30, 2011 2:41 PM

The tragedy of the Euro has been a complete lack of leadership and sound governance. Europe has been blessed with one of the most iconic leaders of our time, President Herman Van Rompuy, who has worked tirelessly to promote fiscal and monetary union. However, his efforts have been met with childish discourse and indecision from national leaders and cold indifference from the European citizenry. This saga has gone from tragic to pathetic, and I pity those who still fail to show any interest in creating a truly united Europe.

Dec 30, 2011 5:58 PM

This is a result of cowardly investors with no sense of loyalty or patriotism. Shrewd value investors have put their lives on the line, only to be betrayed by doomer shorts, hawkish Federal Reserve officials and a pitiable fiscally impotent congress. I used to get angry at cowardly sellers, but now I just feel sorry for them. Equity sellers are in fact selling their country down the rat hole, just for a few extra bucks. And that’s just shameful and sad.

Dec 30, 2011 6:54 PM

"Value investors are not putting their lives on the line, only their capital." 

It's not just capital that is put on the line. Value investors work incredibly long hours identifying the smartest buy-and-hold equity opportunities and optimizing equity portfolios, and this can often mean putting your life on hold altogether. This is why it is nothing short of CRIMINAL for equity investors to bail out of stocks and leave the most courageous among us holding the bag. I'm sorry, but this is simply inexcusable and I will not apologize for my strong words.

Dec 30, 2011 9:16 PM

This appalling comment fully characterises the doomer attitude. I will continue to offer my objective analysis in the face of this shocking abuse in the hope that I might educate some of these masochistic lunatics.

Dec 31, 2014 10:04 AM

That's the problem with white people. They think they're not racist, but subconciously they are, without even realizing it. How do you explain that the average income for whites in America today is 10 times that of blacks? It couldn't possibly have anything to do with slavery and colonialism could it? White people have pillaged the world for centuries, and now the rest of the world is rightfully demanding what was stolen from them. 

Dec 31, 2014 9:52 AM

This is a call to all white people who want to make up for the terrible legacy of slavery and colonialism: STAND UP NOW AGAINST POLICE RACISM AND POLICE BRUTALITY. If you believe that what happened in Ferguson is an outrage, then make your voice heard! I want the Michael Brown's killer sentanced for LIFE. I may be white, but I hope that by standing with the protesters in Ferguson, I will be forgiven for the evils of my ancestors and accepted by the black community.

Dec 31, 2014 9:53 AM

.

Dec 4, 2015 10:46 AM

WOW! This number is simply mind-blowing! It is now absolutely undeniable now that we are in a full-blown economic recovery. Sure, it has lasted for six years, but you have to remember that President Obama had to save our economy from one of the most brutal financial crises in history. To be where we are now after the economic recession we faced in 2008 is simply incredible, and today's number calls for celebration and a great sigh of relief. I'm just really fearful now that some clown like Trump is going to completely undo the economic progress we've made over the last 7 years. Progressives need to be vigilant and defend our work against the white right that seeks to take use back to the stone age. 

Dec 4, 2015 10:53 AM

Well maybe people are working part-time because they want to spend more time relaxing and pursuing other interests. Working less isn't always a bad thing, but of course up-tight protestant right wingers always want us to work harder and refrain from any kind of fun or relaxation. Everyone is happy in America except lame right-wing white males. NEWSFLASH - you're fast becoming a minority in our liberal multicultural democracy, so you can either embrace the new America or go back to the stone age! Just accept that America is better now ok? Today's jobs number is further proof of that - how much more proof do you need that our economy is booming? 

Dec 4, 2015 2:44 PM

It's an absolute outrage that when there is literally one public shooting a month now in America, we still have the most backward fun legislation in the world. In many states, 'open carry' of dangerous handguns is still legal, despite the dangers to innocent bystanders. I'm so embarrassed to be an American. I can't imagine what people from other countries must think when they see our fat ugly brute white males flaunting their weapons in public areas in front of women and children. We desperately need modern legislature in America, and the only candidates promising this are Hillary Clinton and Bernie Sanders.

Dec 5, 2011 1:01 PM

This is absolutely UNACCEPTABLE. It's time for the Federal Reserve to step in and prevent fraud in these markets. We need smart, trustworthy regulators so that we don't have to WORRY about these complex issues. This is the last thing I need to worry about now. It's time to elect trustworthy leaders once and for all so that this NEVER happens again. Americans have been voting for years, so they are qualified to monitor the success of the CFTC at preventing fraud in clearing houses, prime brokerage and prop desks.

Dec 5, 2011 1:10 PM

I understand your cynicism, and I share it to some extent. I would feel far more comfortable if Obama were to introduce a department dedicated to anti-corruption, to increase the trustworthiness of the government and Federal Reserve.

Dec 5, 2011 10:36 AM

@dwdollar

Libertarian doomers can't handle the fact that despite its flaws, the Obama-Biden administration has successfully averted the largest recession in recent years. You would think that at this point the doomers would be praising Obama for his courage and stoicism, but this doesn't fit the narrative.

Dec 5, 2011 10:39 AM

Healthcare reform was long overdue. Thanks to this bill, everybody has access to the care they deserve, no matter what their background. Sorry if that upsets you.

Dec 5, 2011 11:58 AM

Exactly. I hope that libertarians can now see the clear dichotomy between public and private job markets. Corporations are exploiting workers with low wages and poor working conditions, whereas the government provides much better wages, more reasonable working conditions and far more desirable benefits packages. This is PROOF that the government is far more considerate of the welfare of their employees. Private companies could learn a thing or two from the way the government treats its workers.

Dec 5, 2011 8:31 AM

I appreciate your positive attitude, but I can't claim to be as optimistic about the Fed's dovishness. The high consumer confidence figure was promising indication that Americans are willing to spend, but we cannot be complacent. Bernanke needs to be vigilant and pre-empt the public's masochistic tendencies that lead to saving, credit contraction and a negative doomer attitute. Politicians and central bankers need to focus on GROWTH, and smooth political talk just isn't going to cut it.

Dec 5, 2012 2:37 PM

Michelle Obama is committed to the war on obesity. The goal is to eliminate global obesity by 2014, with a series of educational programs in schools, regulations restricting the sale and purchase of unhealthy food, and inspiring media appearances by the first lady herself. I'm optimistic about the future of health in America - with the guidance of responsible, healthy eaters in congress and the media, Americans will inevitably derive the courage to create a healthier, hipper, more progressive society.

Dec 5, 2014 1:11 PM

Controlling equities is absolutely essential for market stability and confidence in the economy over the long term. Our Federal Reserve has spent decades perfecting their master plan to engineeer excessive risk out of the markets once and for all, so that we can have a functioning stock and bond markets with steadily rising prices and falling interest rates in perperuity. This is good for a number of reasons:

1. It benefits retail investors and traders who aren't soffisticated enough to pick individual investments, and just want to get steady reliable returns

2. It allows investors to trade freely without expensive hedges 

3. It makes economic planning easier for our government and Federal Reserve 

4. It alloiws investors to use more leverage in the stock market and get better returns 

5. It encourages people to put more money in IRAs and pension plans where the government can ensure that their money is taken care of until they retire 

Dec 5, 2016 9:56 AM

I’m incredibly disappointed in Italy. Shame, shame, shame. This is supposed to be one of the most progressive countries in the world, and now they are succumbing to racism and Islamaphobia just like the rest of Europe! So sad!

Dec 5, 2016 9:59 AM

Great – that’s just what minorities need. An uncle Tom heading up housing, when people of color are already struggling to get mortgages due to racism! This country is literally falling apart before our very eyes!

Dec 6, 2011 2:22 PM

This is just shocking. Who would have thought that esteemed politicians would be involved in this atrocious conduct? The ONLY way to solve this is for Obama to put his foot down and say that ENOUGH IS ENOUGH. We need to create an ANTI-CORRUPTION department, full of smart regulators, to oversee the rest of the government and ensure that there is NO corruption whatsoever.

Dec 6, 2011 2:36 PM

Referendums are in reality a failed policy. Just look at what happened to Greek bond yields following the referendum on the rescue package. This is stark indication of the chaos that would ensue if European politicians start giving into populism and forgo vital economic reforms. Europe is suffering from a crisis of LEADERSHIP, and I hardly see how this is solved by wasting more time on tedious and wearisome referendums.

Dec 6, 2011 3:35 PM

Quite right. It's just that I hate to see corruption in government, however insignificant. But I know that the vast majority of politicians are caring and honest people, or they never would have been elected in the first place. 

Dec 6, 2016 10:14 AM

Disgusting! Now Trump is skimping on costs to protect high ranking politicians! When will his bigotry and incompetence end?? I’m absolutely disgusted at his unwillingness to spend what is necessary on protecting our leaders!!

Dec 6, 2016 10:16 AM

Our election was rigged by the Russians, and we simply have to have a recount or all integrity is lost. What is so difficult to understand about this? Do Trump supporters believe in free and fair elections or not? If you do, then support a recount!

Dec 6, 2016 12:21 PM

Bill Gross hates Trump. When he talks about the establishment, he is talking about the fascist Trump administration and their evil plan for world domination and white supremacy. But trust a fake news site like Zerohedge to misrepresent him!

Dec 7, 2011 10:19 AM

The only solution to this crisis is to BAN all speculation on sovereign debt. This way, countries are not at the mercy of heartless Hedge Funds and their derivatives. Governments will then be able to borrow what they need without nasty market participants ruining everything.

Dec 7, 2011 10:26 AM

I have been saying this for months now. If CDS's and other DERIVATIVES were banned, governments would be able to borrow in perpetuity, and we wouldn't have to worry about these frightening issues. There is NO reason for governments to default, since future generations of unborn children will be happy to pay.

#OccupyWallStreet

Dec 7, 2011 11:08 AM

No, I agree. The fact that governments are collateralizing future unborn generations is perfectly moral and should be overlooked. Credit default swaps and other insurance products on the other hand just make my blood boil.

Dec 7, 2011 11:43 AM

"I've said nothing about allowing govt expenditures at all"

Precisely. And rightly so. This is not worth even a fraction of the time we should spend worrying about credit default swaps. This voluntary over-the-counter market is the root of all evil, and dwarfs any form of government coercion, which is reflected in the time dedicated to each issue by the OWS movement.

Dec 7, 2015 12:33 PM

What concerns me most about this incident is that it is the perfect excuse for conservatives to attack the vast majority of moderate muslims as 'terrorists'. We must not give into isalamaphobia, and rememebr that the majority of muslims are peaceful hardworking people. 

Dec 7, 2016 10:34 AM

Finally tech giants are doing something to fight the spread of fake news. The internet should be a place where people can access interesting and informative information without being propagandized by extremists. It should not be a place for terrorists to engage in hate speech. This is an important step forward and will be welcomed by progressives all over the world, who are sick and tired of right-wing extremists posting their hateful content online.

Dec 8, 2011 10:06 AM

The ONLY way to ensure this NEVER happens again is to make sure the Federal Reserve explicitly approves every member of the financial services industry, and delegate the Federal Reserve the power to strip securities dealing licenses away from those they deem incompetent. This will cleanse the system, and ensure that fraud is a thing of the past.

Dec 8, 2011 8:03 PM

I am astonished that in the context of the European Debt Crisis, I am yet to see a single article featuring the European PRESIDENT himself, President Herman Van Rompuy. I believe this is due as a matter of courtesy if nothing else. I admit that if you’re looking for cheap sound bites and glamorous press conferences, then President Van Rompuy is not for you. However, if you’re looking for a politician with strength of spirit and a quiet, determined and unwavering focus on his statutory duties, then I believe he is the perfect leader. Focus on leadership, not charm. Be part of the Rompuy Revolution!!!

Dec 8, 2015 1:32 PM

Trump really scares and angers me - he is a complete clown and nothing but a manipulator. He's been complete bankrupt three times - is that what you people want for America too?? I can't believe we're actually seriously talking about electing this buffoon as our President!!! He has absolutely no experience in politics, he has no sensitivity to other people's feelings and his track record as a business man is somewhat questionable to say the least. WAKE UP AMERICA!!

Dec 9, 2011 11:58 AM

This childish discourse is an accurate reflection of Europe’s lack of sound governance and fiscal union. European leaders need to GROW UP, overcome this political gridlock and work TOGETHER to craft decisive and bold fiscal policies. While these politicians play their childish games, many value investors are sitting on large sovereign debt exposures and are worried sick.

Dec 9, 2011 8:38 AM

This is the time for Pres. Van Rompuy to shine. Van Rompuy needs to seize this moment and push for new economic reforms to strengthen the union and bolster confidence in the European banking system. This is the beginning of the Rompuy rEvolution: Moving the world forward, one step at a time.

Dec 9, 2011 9:03 AM

Pres. Van Rompuy's choice of the Haiku is symbolic of his quiet integrity. A man of few words, but none the less a pioneer with great ambitions and temerity of spirit.

Dec 9, 2013 9:23 AM

It certainly looks like Herbalife is doing ok. I know a couple of buddies who made some serious cash selling those shakes. Two of them even won sweet vacation packages. I personally gave it up after selling full time as a junior distributor. One thing they don't tell you is that although it's a very rewarding career, it's far from easy. Getting the first client was a mission and after the first five sales I just found that I couln't get any traction. Herbalife is an excellent product though and I strongly urge anyone considering the distributor program to give it a go.

Dec 9, 2015 9:49 AM

BREAKING NEWS: Russia has now been caught red handed firing missiles into Syria from ships in the Mediterranean. I'm afraid we may be heading for full-out war with Russia if they do not halt their actions in the middle east immediately. Marco Rubio is one of the few republican candidates to bravely point out that Russia needs to be stopped, and I just hope that Hillary also grasps this as she will be leading the charge in 2016. 

Dec 9, 2016 10:13 AM

This is a shakedown!! Welcome to FASCIST Amerikkka everybody! We are now officially a banana republic, where corporations are forced to bribe the government in order to do business! This is really scary! I bet Trump supporters are feeling really stupid now. Look what you did, idiots! This country is now falling apart, and fake news is spreading like wildfire. I hope you like fascism – you voted for it!

Dec 9, 2016 10:33 AM

Ummmm ... deporting undocumented families, exiting contractual obligations to Boeing, banning Muslim immigration ... we have NEVER seen fascism on this scale in America before. You aren't fooling anyone!

Dec 9, 2016 11:04 AM

So let systemically important financial institutions fail and watch the global economy burn to the ground?? Are you insane??

Dec 9, 2016 2:03 PM

Zerogedge is already proven to be fake news! Brian Williams made a mistake - so what? He's still an accredited journalist. Does Tyler even have a degree in journalism? Does he even have a license to disseminate financial news? Where are your qualifications??

Dec 9, 2016 2:07 PM

If Hillary had got in we would be making America the green energy capital of the world by building solar panels and wind farms, which would have created millions of good-paying jobs for women and minorities. Now we’re probably going to get thousands of new dirty coal plants spewing out CO2, and fracking companies tearing up the environment. Nice going, Trump supporters.

Dec 9, 2016 2:10 PM

So you support fossil fuels, then. Go ahead - admit that you're a climate change denier. You want more CO2 pollution don't you? Even though the planet is literally drowning in CO2! 

Dec 9, 2016 2:11 PM

Jill Stein had a change of heart and supports Hillary now. She may have criticized Hillary before, but after Trump's shock victory really hit home, she realized that she made a terrible mistake. 

Dec 9, 2016 2:17 PM

Well if he interned with Jimmy Carter that's more than enough to make him an accredited journalist. Accreditation doesn't have to be in the form of a degree from an accredited university - working closely with high level officials also suffices, as does experience with an established media outlet. Tyler has none of these things to his name - he is not accredited. 

Dec 9, 2016 2:21 PM

Finally someone who is willing to stand up and do the right thing! If enough electors change their votes to Hillary, this is over for Trump! We are witnessing a revolution here folks. A revolution of progressives against the alt right, against Putin and against fake news! This truly is history in the making.

Dec 9, 2016 3:21 PM

The revolution is rising as we speak. Decent Americans from every walk of life are standing up and doing the right thing. One by one, people are speaking out against Trump’s bigotry, and refusing to recognize him as our President.

Dec 9, 2016 9:01 AM

This is a hate crime against Moroccan Dutchmen and women!! Geert Wilders should be locked up before he does more damage to the already terrified minority communities in the Netherlands! Why are white people still allowed to get away with racism and discrimination in the 21^st century? Europe and America are for everybody! This is so ignorant!

Dec 9, 2016 9:05 AM

This is sexism pure and simple! South Korea couldn't handle the fact that Park Geun-hye was a successful female President, and South Korean men felt insecure! The same thing just happened in Brazil, and is happening in Germany. This is also what stopped Hillary from becoming President! Sexism and the war on womyn needs to end!! This is the 21^st Century!!!

Feb 1, 2012 4:27 PM

I KNEW it. Bill Gross is now officially discredited as a financial professional. Ron Paul is a known hack who garners the support of conspiracy theorists, confederate racists and other radical extremists. Mr Paul has already been totally exposed by the media for his insane policies such as:

1. Ending the war on terror and disarming America against Islamic extremists who hate our freedom
2. Legalizing ALL drugs including marijuana (proven to cause brain damage), cocaine and even OPIUM
3. Auditing the Federal Reserve which according to Dr Ben Bernanke (M.I.T, Princeton Alma Matter and current Fed chairman) would leave monetary policy open to political meddling which would give rise to blatant conflicts of interest

Needless to say, this association will seriously damage Mr. Gross’ reputation, which serves him right for betting against American debt, and selling out his own country.

Feb 1, 2012 5:20 PM

I want an economy managed by EXPERTS, and I want the government to take a strong stance on drugs, terrorism and poverty. Ron Paul is a threat to the American way of life, and somebody has to tell the truth about his policies.

Obama/Biden 2012!! Vote for REAL freedom and liberty.

Feb 1, 2013 11:23 AM

It's so amusing to watch ZH doomer libertarians squirm at this positive economic news. This jobs report is evidence that not only is the global recovery real, but it is accelerating. The S&P is rocketting above 1500. If we get a a strong weekly close above 1500 today (and it looks like we almost certainly will), we are in for a simply spectacular stock market rally. Shorts better brace themselves, because they are in for a rude awakening.

Feb 1, 2013 3:03 PM

What a day! Not only did the S&P sustain a spectacular rally above 1500, but the VIX plunged into the 12s in an epic collapse, sending shockwaves of shame and embarrassment throughout the doomer libertarian community. Let's review the facts:

1. Interest rates are at all time lows 
2. The stock market is soaring despite a set back in the GDP
3. The housing market is now undeniably in a recovery
4. Employment is picking up, in line with our Federal Reserve's dual mandate

Listen folks: this is a recovery - there's no denying it anymore. Doomer ZHers need to admit that they were wrong. ZHers may have lost most of their pride and dignity, but they still have an opportunity to retain a semblance of credibility if they admit that they were wrong. 

Feb 10, 2012 10:26 AM

That is a simplistic view of the Greek situation. The Greeks didn't know about the debt. They were rightfully demanding their basic rights, like education, housing, minimum wage, holidays, paid leave and other benefits. the reason third world countries are so poor is that their governments refuse to provide these basic necessities.

Feb 10, 2012 12:44 PM

This would in part explain the rise of libertarian populism among naive spotty youths. Socially inadept, zit-faced and unemployed youths are spending an increasing amount of time surfing the internet from their parents’ houses. This tragically and inevitably introduces impressionable youths to libertarian conspiracy sites, right-wing extremist blogs and other fringe material, which naturally appeals to their sense of dissociation with civilized society. We need to reach out to these disengaged youths and encourage them to integrate into society like respectable adults, or else they will continue to rot away on these hateful blogs.

Feb 10, 2015 3:51 PM

I hate to break it to zerohedgers, but the reality is Greece simply cannot leave the Eurozone. European Banks have lent vast sums of money to Greece, and it is simply not fair on these banks to allow Greece to leave. The health of the entire global economy depends on these banks having healthy balance sheets.

If there’s one thing we did right in 2007 – it was to bail out our most valuable corporations. Had we let those companies go under, we would be paying a severe economic price right now, but thankfully our congress and Federal Reserve were smart enough to realize this. Now let’s not let Europe make the mistake that we didn’t – we have to make sure that European Banks are save no matter what, as the health of the world economy depends on it.

Feb 10, 2015 3:56 PM

I like the fact that the Greek finance minister is willing to give credit to Mao Tse-tung for his many great achievements. Now, you may not agree with all of Mao’s policies, but politics aside I think many of us can agree that he was a kind and compassionate human being at heart.

Feb 10, 2015 4:16 PM

Warren is absolutely right – I don’t know why we’re even debating this. Our Federal Reserve was specifically - SPECIFICALLY – set up to be INDEPENDENT. There’s no further debate. Anyone trying to audit our Federal Reserve need to read the law and get an education.

Feb 10, 2016 12:29 PM

.

Feb 10, 2016 12:29 PM

Serves him right for his unacceptable bullying of Senator Rubio in the ABC debate. Marco Rubio is one of the few true conservatives running in this election, and I'm quite astounded that he didn't win the New Hampshire primary. The 'front-runners' in this election are simply not serious candidates, and should be disqualified from their respective parties. The Republican and Democratic parties are reserved for serious candidates, and the front-runners are far too extreme - they need to be dropped ASAP. 

Feb 11, 2013 10:15 AM

I just cringe when I see goldbug and silverbug lemmings get destroyed time after time in these markets. Why don't they learn? Leveraged stock investors are sitting on huge gains from last year, when doomer goldbugs were screaming from the rooftops about “the end of the world” and “financial Armageddon”. Gold and silver are obvious bubbles. There is no reason for a shiny piece of metal to product double digit returns when it produces absolutely no income and is abundant in all its industrial utilities.

Feb 11, 2013 11:27 AM

It just doesn’t matter how many times goldbug and silverbug lemmings get destroyed by a brutal collapse in the gold price or blowtorched by a “junior mining stock” – they always come back for more. Goldbugs and silverbugs show all the symptoms of addiction. They plow their life’s savings into shiny metal and junior mining stocks that just keep falling, and to fill the black hole in their wallets they indulge in fantasies of “financial collapse” and “monetary revolution”. They cling to the ridiculous idea that, simply by “stacking” these shiny bars of metal, they will be one day become kings of the universe. I’m afraid that precious metals cultists are in for a rude awakening. This IS a bubble. The gold market WILL collapse. I can’t say whether it will be a week or two months, but the collapse is coming, and goldbugs better brace themselves for a hair raising shock from which the doomer libertarian community may never recover.

Feb 11, 2013 2:13 PM

I can't wait for the iPhone 5S. I'm going to get mine on pre-order. I believe the iPhone 5S is going to literally revolutionize the smart phone. If you thought the iPhone was awsome, just wait till you see this baby. This is going to be THE phone to have, so if any of you haven't thought of pre-ordering your iphone yet, you need to start thinking about it now. 

Feb 11, 2013 9:55 AM

.

Feb 11, 2013 9:56 AM

What this (predictably biased) article fails to mention is that home equity is starting to surge once again to 2007 levels, raising the net worth of many Americans to the high triple digits and some even seven digits. There are many gree shoots out there that ZHers refuse to acknowledge. But the housing recovery alone should give American homeowners the confidence to spend freely and generously without worrying about retirement. This is exclusively the work of our Federal Reserve officials, and in my opinion we cannot thank them enough for their contribution to humanity.

Feb 12, 2016 12:39 PM

What worries me the most is that an increasing number of voters and politicians are demandning influence over monetary policy. Our Federal Reserve was specifically, SPECIFICALLY, set up to be independent of congress. Our government has absolutely no constitutional right to intervene in the affairs of our Federal Reserve, and it's about time we put a stop to political intervention in monetary policy once and for all. It's dangerous and a threat to the stability of the global economy.

Feb 13, 2012 10:36 AM

The explicit support for Iran among the libertarian community is extremely worrying. Iran has openly stated that they would like to wipe Israel off the face of the map, and support for this terrorist state is simply inexcusable.

Feb 13, 2012 10:50 AM

According to top military experts such as General David Petraeus and Robert Gates (Presidential Medal of Freedom winner), Israel is a key strategic Ally in the war on terror. We need to protect and work with our allies if we want to rid the world of terrorism and spread democracy and peace throughout the world. Support for terrorist states like Iran is seriously interring with these goals.

Feb 13, 2012 4:48 PM

It's not good enough for European leaders to solve this crisis on their own. They need expert advice from veterans of the financial industry, who know how to promote growth and can advise on suitable policies to tackle Europe's problems. Top financial firms like Goldman Sachs, HSBC, Credit Suisse, Morgan Stanley and other top tier investment banks (also known as Bulge Brackets) would be the first place to look. Government needs to work WITH big business to devise comprehensive solutions to economic problems.

Feb 13, 2013 9:52 AM

Apart from gold and silver, platinum and palladium are the biggest bubbles in all of history. The industrial uses for these 'precious metals' are becoming increasingly sparse as more and more alternatives come on to the market, much to the horror of precious metals cultists. The reality is that precious metals are not an investment. They are an obsession, fueling the fantasies and dreams of a group of sick masochistic cultists who can dream of nothing but financial collapse and world domination.

Feb 13, 2017 11:19 AM

Trump is going to start WORLD WAR III with China!!! Progressives WARNED you about this but you didn’t listen!!

Feb 13, 2017 4:16 PM

Trump doesn’t have the constitutional right to have a border tax or ban people from coming into the country. His executive orders also reek of dictatorship and fascism. If Trump wants to be president, he needs to respect the courts, the media and foreign nations, or the deep state is simply going to revolt and impeach him. Just because you’re president, doesn’t mean you get to do whatever you want. Obama did everything by the book, and always went through congress, even though Republicans blocked him repeatedly. Trump’s executive orders are fascist.

Feb 13, 2017 4:19 PM

Trump’s administration is reckless! They’re going to start WORLD WAR III! I TOLD YOU THIS WOULD HAPPEN!

Feb 13, 2017 9:43 AM

Trump will collapse the economy because he is incompetent and doesn’t understand economics. Numerous top economists from the best universities in the world have criticized his tax plan as incredibly irresponsible and dangerous. If the economy collapses, it will be because Trump deregulated the economy and cut taxes, and capitalism failed, just like it failed during the financial crisis of 2007-08.

Feb 13, 2017 9:47 AM

This is what happens when you have conservatives recklessly cutting government funding for critical projects, which puts thousands of peoples’ lives in danger. How many more people need to be put in harm’s way before we accept that austerity doesn’t work?

Feb 13, 2017 9:50 AM

Trudeau is a real man, who isn’t afraid to be sensitive, soft and caring. He is also an admitted feminist, who is proud to support womyn’s rights. Trump is an embarrassment  - we need real men like Trudeau and Obama running the world.

Feb 14, 2012 10:24 AM

I told you! Central banks are colluding with primary dealers to tighten credit and put the squeeze on retail stocks! When is the SEC going to put a stop to this manipulative tightening!? Central banks need to loosen monetary policy in line with poor consumer spending figures, and retail banks need to provide easy credit to boost aggregate demand.

Feb 14, 2012 12:14 PM

.

Feb 14, 2012 12:41 PM

Typical ZH rant about the budget without a SINGLE mention of what the debt is financing. The budget includes roads, hospitals, bridges and generous compensation packages for hardworking government workers like teachers and firemen. Libertarians correctly point out that the government is under no obligation to provide these things, however liberals point out that they have a moral obligation to provide a decent standard of living for all Americans. I want a society where we don't have to worry about healthcare, mortgages, jobs or any of the other problems that dog-eat-dog free market imposes on us. That is what I consider to be REAL freedom.

** Obama/Biden 2012 **

Feb 14, 2013 1:34 PM

My Autobiography

A Virtuous Life:
A story of courage, integrity and bravery

I was born in Conneticut into what you might call an upper middle class family. My father, a successful patent lawyer, was away most of the time. However, once every year he would take the family on vacation and would teach me all about the virtues of the state. My mother was a prominent feminist and author for vanity fair. She taught me what it means to be politically correct and to respect the feelings of those most disadvantaged among us such as women and minorities. Mother also taught me to respect the poor and to defend the virtue of the welfare state from what can only be described as right wing sadism.
Since both my parents were Ivy League educated, I developed a deep respect for acadsmic achievement and scholarly excellence.

(To be continued ...)

Feb 14, 2013 2:49 PM

Why can't this man get a job in his own country!?? Fuck 'free trade' and 'free enterprise'. I'm just sick of these fat cat corporations hiring foerign labor. Why can't they hire more deserving first-worlders in their country of registration? 

Feb 14, 2013 3:29 PM

Santelli correct that it is very difficult to trade profitably in these markets. Spotty ZH computer nerds simply cannot handle the pressure of today's volatile markets. Trading requires an ability to think fast under pressure,and make tough decisions with real money at stake. The challenge is only maginfide when you're on the front line on a trading desk at a 'bulge bracket' investment bank. That's why these traders are selected from the best Ivy League schools in the country. Many of the selected candidates showed exception leadership skills in addition to their academic achievements, such as serving as head of the finance club or head boy at a prestigious school. Now these boys are handling some serious cash, and although the rewards are great, it ain't easy being in their shoes.

Feb 15, 2012 10:35 AM

This is a bold and controversial move by the ECB. The ECB will come under great public scrutiny for bypassing the member banks and lending directly to Peugeot. However, this is exactly the kind of revolutionary monetary policy that is going to boost aggregate demand and spur on the global recovery. We are watching history in the making.

Feb 15, 2012 12:16 PM

I must admit my equity portfolio performance has been nothing short of disastrous this year. Retails and financials have been among the hardest hit given the unreasonably tight and stingy monetary policy that central banks have adopted. However, I do not expect this to last much longer. Central bankers and world leaders are becoming increasingly aware of the dangers of credit contraction, and I wouldn't rule out a sharp reversal in credit-sensitive equities as the world begins to implement aggressive monetary and fiscal stimulus programs.

Feb 15, 2012 7:09 PM

Unbelievable! Iran is openly broadcasting their new nuclear facility on state television!

Feb 15, 2012 7:30 PM

Israel is a key strategic ally in the war on terror. We need to work with our allies to defeat terrorism and spread democracy throughout the world. Terrorists hate us for our freedom, and there can never be peace until we rid the world of these degenerate monkeys.  

Feb 15, 2012 9:46 AM

Is this some kind of joke? Gold can't even regain the 10 day moving average, and you're gloating about a pathetic 5 point rally? The naivety and ignorance of doomer goldbugs is just astounding. And don't even get me started on silverbugs.

Feb 15, 2013 12:22 PM

Your ounces are still there, but worth a lot less. Sigh ... when will goldbugs cave and buy stocks instead? This is getting silly now.

Feb 15, 2013 12:28 PM

Lets review the cold hard facts:

1. Gold and silver are plummeting
2. The VIX is falling off a cliff
3. Stock shorts have been blowtorched
4. Interest rates are still at record lows

C'mon folks, this is getting silly. This is a recovery, pure and simple. The sooner doomer ZHers get that through their heads, the sooner they can get their portfolios back on track and save their retirements. Doomer ZHers are on a crash course. But it seems that no matter how many times they are warned, they simply refuse to listen.

Feb 16, 2012 12:23 PM

Are you kidding me? “Judge” Napolitano has been using his ridiculous show to promote ludicrous conspiracy theories, crackpot economics and broadcast countless libertarian nut jobs who in fact represent a tiny minority of Americans. Now that this preposterous show has been cancelled, at least he can no longer embarrass himself and his lunatic supporters in front of shocked and horrified American public. As for Mr. Colbert, I admit I have enjoyed some of his work over the years. However his relentless mocking of legitimate campaign contributions has crossed the line somewhat.

Feb 16, 2016 10:02 AM

This is an important first step towards a cashless society, which will enable a far more efficient and fraud-proof economy. Here is a small sample of the many benefits of a cashless society:

1. Easier to crack down on tax evasion

2. Easier to prevent money-laundering

3. Enables complete Federal oversight of suspicious transactions

4. Simplifies payments

5. Encourages the development of smart-payment technologies

It's time for us to abandon the prehistoric relic of cash, and bring payments into the 21st century. Larry Summers understands this very well, which I believe is the motivation behind his wise proposal. We need to slowly outlaw the practise of secretive cash transactions, and bring these transactions into the open, where they can be monitored, tracked and taxed in accordance with the law.

Feb 16, 2016 10:20 AM

It's sad that conspiracy theorists such as yourself really think that they have anything to say about foreign policy. Please get an education and learn about who our allies are and who our enemies are, because I'm stating nothing but basic facts. 

Feb 16, 2016 11:58 AM

Ultimately the nomination does not matter because Trump is simply not a serious candidate, and his racist comments should disqualify him from running. I have no doubt that the GOP will do the right thing and disqualify him as eventually his never ending chain of controversies becomes too much for the party to bare. Remember, Donald Trump does not own the GOP, and despite what voters think, the GOP has every right to kick him out. 

Feb 16, 2016 11:58 AM

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Feb 16, 2016 9:42 AM

It's absolutely ludicrous for Trump to think that we should 'partner' with Russia, when they are actively bombing our allies in Syria and supporting one of our greatest enemies, Assad. It's painfully obvious to every political scholar, that Donald Trump has absolutely no clue what he is talking about when it comes to foreign policy. We need to strengthen our relationships with our strongest allies such as Turkey, Israel and Saudi Arabia, in order to fight terrorism and bring peace and stability to the Middle East. Unlike Syria's current government, these countries share our core fundamental values of freedom of speech, separation of church and state, and basic human rights.

Feb 17, 2012 1:08 PM

This is indeed child abuse of the most insidious kind. The biggest tragedy is that these children are going to grow up mistrusting their own government, in a world full of dangers and risks that the state protects us from. The truth is I actually feel sorry for these people. They live such amazingly pathetic lives, and refuse to integrate into civilized society while constantly rambling on about ludicrous conspiracy theories that make the average American cringe with embarrassment. It is all very well for adult doomer rednecks to choose this lifestyle, but they have no right to infect their children with this garbage.

Feb 17, 2012 12:20 PM

The overwhelming demand for US debt is attracting fraudsters and scammers claiming to sell real US bonds but are in fact selling fake certificates. If you are investing in US treasuries or long term debt, then make sure you contact a reputable broker. Many people are discovering that the US bonds are the most liquid safe-haven investment, and it is imperative that they avoid these scams in the process of protecting their wealth.

Feb 17, 2012 4:12 PM

Can you believe these terrorists have the gall to cross the Suez!? They are messing with the WRONG country. Israel WILL be protected at ALL costs because they are a vital ally in the war on terror. America will continue to spread democracy and fight terrorism globally no matter WHAT libertarian computer nerds and weedy anarchists say.

Feb 17, 2014 12:29 PM

Personally, I think the TSA checks are a good thing. If this is what it takes to be safe then so be it.

Feb 17, 2016 1:33 PM

The 'false-flag' conspiracy theorists are so tiresome. Occam's Razor states that the simplest explanation is most likely to be true. Hence the most likely explanation is that this was carried out by Turkey's enemies, and there is no doubt in my mind that Russia was involved.

Feb 17, 2016 12:25 PM

There is absolutely nothing wrong with 'spoofing'. It is the absolute right of every trader to place an order and subsequently remove it - nobody's rights have been violated by this action, and the losers on this forum need to accept that institutional traders are simply  better than them. Sure, this tool is only available to a minority of institutional traders, but so what? Smaller traders also have a huge advantage over larger traders as their orders do not move the market, so it's fair game as far as I'm concerned. 

Feb 17, 2016 12:29 PM

It's especially easy for advanced traders to fade their competitors when there are so many zerohedge simpletons in this market with no skill and no clue about how the game works. It's quite amusing to watch ZHers lose repeatedly while the masters win time and time again.

Feb 18, 2016 1:29 PM

I've been calling for emergency fiscal and monetary stimulus on this blog for years now, and nobody listened. Dr Paul Krugman has explained the problem we face in layman's terms: we have a lack of demand. When you have no demand, you have no revenue, and without revenue you have no jobs. Demand is the heart of an economy, and currency is the blood. We need to get the heart of the economy beating again so that the money can once again flow, and we can continue to enjoy the economic prosperity that the science of economics has brought us over the last 100 years. If we fail to follow these recommendations, we face a gloomy future that no-one can claim we weren't warned about by countless economic professors such as Dr Krugman.

Feb 18, 2016 11:42 AM

Ray Dalio warned our Federal Reserve that there would be consequeces if quantitative easing was not reintroduced. Unfortunately, our monetary officials weren't listening, and now the people are paying the price. Austerity doesn't work - just ask Europe; the ONLY thing that works is monetary and fiscal stimlulus.

Feb 18, 2016 12:46 PM

It's amusing to watch Trump supporters squirm as the inevitable happens. Ted Cruz is a true legitimate conservative, whereas Donald Trump simply isn't - and it was only a matter of time before the electorate figured this out. Donald Trump will NEVER, NEVER be president. Trump supporters need to get this through their heads, and give up their insane fantasies of deporting millions of women and children who are settled with families in our country - it's simply a ludicrous idea, and Americans are beginning to see how crazy it is.

Feb 18, 2016 12:58 PM

Coal Power is a dirty and ugly form of energy, causing untold damage to the environment. Why we still use coal, when countries like Germany and France get basically all of their energy from renewable sources is simply a mystery. No doubt the Koch brothers and other sinister special interests are behind the defunding of positive green energy projects that could put the coal industry out of business once and for all. 

Feb 19, 2013 1:54 PM

I tried to warn the wide-eyed lemmings on this site about the impending collapse in the silver price, big nobody listened. Silverbugs are getting slammed once again, while stock and bond investors are sitting on some sweet profits with wry grins on their faces. When will doomed ZHers give up on silly non- investments like shiny metals, VIX futures and bitcoins? All I can do is stare in disbelief as hoards of ZH lemmings follow each other over a cliff. It's both amusing and sad at the same time.

Feb 19, 2013 10:37 AM

Why would nerdy, zit-faced ZHers and silverbug prepper goons care about the price of premier fashion brands like LV? ZHers love to discuss the lives of the rich and famous because it makes them feel important. The truth is, world leaders and top business professionals have never even herd of Zerohedge, and would laugh in the face of any feeble ZHer who challenged them. ZHers need to learn to respect just authority until they have the political and academic credentials to challenge the higher echelons of society.

Feb 19, 2013 3:08 PM

While ZHers consider a "tail risk" to be something akin to a Lehman type invent with the stock market crashing to the ground, but with equities making all time highs week after week many professional investors believe that the real tail risk is being under-invested and missing a huge rally. When you consider the oportunity cost of not owning stocks, cash doesn't look that attractive any more. Who wants to be sitting in cash while stocks are rocketing toward all time highs? If you're really afraid of drawdown in Equity prices, then top investment professionals would recommend US treasuries as a safe-haven alternative. With treasuries, you get a steady semi-annually compounded cash flow, but with the added advantage of zero risk. If you want to get clever, then you can also use 'modern portfolio theory' like the proffesionals, to hedge away all risk in your portfolio using historical correlations.

Feb 19, 2016 1:10 PM

Yet more benefits of a cashless society: 

1. Mitigates the risk of bank runs 
2. Forces businesses to adopt modern payment technologies
3. Less resource-intensive than a cash-based society
4. Makes micro-payments more convenient
5. Encourages standardization of payment technologies across industries

Let's be honest, a cashless society is the future whether we like it or not. So it makes sense for us to take proactive steps to adapt our economy to electronic payments, so that when it finally arrives we will be prepared and ready to take advantage of the many benefits it has to offer. Fighting it is futile, so let's embrace a cashless society and focus on evolving our economy for the future of payments, for the benefit of all.

Feb 19, 2016 1:10 PM

.

Feb 19, 2016 1:26 PM

Yes, I'm aware of this and it's a big problem. A cashless society still needs to maintain control over the issuance of currency, and rogue currencies that seek to undermine official national currencies, whether in the form of bitcoin or cell phone credit, simply need to be outlawed. Non-official currencies are a haven for money laundering and criminal activity, with little or no oversight by Federal officials. In order for an economy to work, we need structure and oversight, and allowing unofficial currencies is simply unfair on the majority of hardworking citizens who abide by the law.

Feb 19, 2016 1:31 PM

It's sad that America has come to this. We now callously reject legitimate political candidates for media personalities, and sensible, practical policies for sound bites and personal insults. Hillary Clinton may not be perfect, but who is? America faces serious challenges in the coming years, and we desperately need a serious political candidate to guide our country through these troubling times. This is not the time to bet on a wild-card president with no experience - the future of the free world depends on our votes, and we need to cast them wisely.

Feb 19, 2016 11:34 AM

As Dr Paul Krugman has explained time and time again, the problem with our economy is a lack of demand. Without demand, sales continue to drop, credit continues to contract and eventually you enter a deflationary spiral that leads to an economic collapse. We need to follow the advice of our best economists and introduce further, more robust fiscal and monetary stimulus programs. If we fail to do this in time, and our economy takes a swing for the worst, we cannot claim that we weren't warned.

Feb 19, 2016 12:04 PM

Nobody is suggesting such an extreme measure. Monetary stimulus should be carried out via the proper channels with the help of primary dealer banks. In my opinion, a simple bond buying program would suffice, and could serve to support further fiscal stimulus programs. Another important policy recommendation proposed by many economists is to raise the minimum wage. Papers published by Professor Alan Krueger have demonstrated that increasing the minimum wage does not in fact have any negative effect on employment, yet many still cling to the notion that minimum wages make employers less likely to hire low-skill workers. It all comes down to simply listening to the advice of our top economists - why we continue to run our country without consulting our greatest economic minds is simply beyond me. 

Feb 19, 2016 2:01 PM

I'm humbled by your gracious words. Certainly running for public office is a long term goal of mine, but right now what America needs more than anything is experience and a steady hand, and hence I'd suggest you rather cast your vote for one of our many distinguished congressional veterans; one who possesses the experience and wisdom to carry America through these troubling times.

Feb 2, 2012 11:20 AM

Dr Ben Bernanke is a true hero, with temerity of spirit. Did you know that during his school years, Ben Bernanke scored 1590 out of 1600 in his SAT test? ... phenomenal!!

Feb 2, 2012 11:35 AM

What unsubstantiated nonsense!! I would like to see some evidence for this. Did you know that Ben Bernanke also shared a dorm room with Lloyd Blankfein during his studies at Harvard? Lloyd Blankfein is the current CEO of Goldman Sachs Inc. - one of the largest and most reputable investment banks in the world. What a remarkable coincidence!!

Feb 2, 2012 6:34 PM

Financials are benefiting from generously low interest rates and easy credit from our Federal Reserve. Not only that but many of the financials are also Systemically Important Financial Institutions or SIFIS. This means that they simply TOO BIG TO FAIL, since they are vital to the global economy.

Feb 2, 2015 5:54 PM

I strongly disagree with the sentiments in this article. The truth is that regulations enforce high standards in business, allowing only top quality companies such as Goldman Sachs, GM and Verizon to serve Americans. Regulations are quality controls - they ensure that consumers get nothing but the best, and can safely spend their hard earned money, knowing that they're getting the best possible products and services at the best possible prices. Regulations mean that Americans don't have to worry about quality or choosing between 1000 different companies for the same product. Instead they are presented with a few established companies with proven track records.

Feb 2, 2015 6:01 PM

I'm also personally glad that we no longer have child-labor in the 21st century. Thanks to the efforts of political activists, kids are now free to study and learn about the world at top quality colleges, and then get a corporate job at a top company or in government. Instead of emerging as burned out and exhausted victims of child-labor, young adults are now entering the economy bright, eager, educated and ready to make a difference.

Feb 2, 2015 8:31 PM

Why do zerohedgers have this obsession with punishing executives for corporate misdoings? It simply does not make sense to hold executives responsible for crimes that occur at a corporate level. Most multinationals have thousands of employees - you simply cannot expect executives to be responsible for the actions of each and every one of these employees; it's just not fair or practical. The way that our legal system works now is wholly appropriate – if crimes have been committed at a corporate level, then fine the corporation, not the executives! Corporate crimes deserve corporate punishment – this is justice, fair and square. The readers that disagree with this should study some corporate law, because they have no idea what they are talking about. 

Feb 20, 2012 12:30 PM

I'm sick and tired of the "Blame-America-First" crowd defaming our courageous military the work they do to spread democracy and fight terrorism. Our military is keeping the world SAFE from threats that very few people want to face up to, and this is the thanks they get from cowardly libertarians.

Feb 20, 2012 4:36 PM

Greece must not fall into the trap of cutting spending. This is proven to be a failed policy, as it undermines economic growth. The key is for Greece to spend even more on fiscal stimulus programs, to get the Greek people spending again. You see, money is like the life blood of the economy – it has to keep flowing or the economy dies. 

Feb 20, 2012 4:47 PM

“now they are just sinking back to an unlevered standard of living.”

Precisely. And this is an unnecessary tragedy. During times of great economic upheaval, we need to support the economy with generous monetary and fiscal stimulus programs. The vast majority of top politicians, government workers, college professors and industry leaders agree with me on this point.

Feb 21, 2012 11:26 AM

Greek unions need to stand up to right-wing bullies NOW, before it is too late. There is absolutely NO NEED for ANY cuts to the Greek budget. This is simply libertarian propaganda. Most top economists believe that Greece should INCREASE spending to boost aggregate demand.

Feb 21, 2012 7:02 PM

OMG! Check out this vid!

Feb 21, 2012 7:29 PM

Lol whatever loser!! Brad Pit is probably the single most COOL person in the world, and he has totally rejected your lame libertarian theories. Lay off the lectures NERD.

Feb 21, 2013 1:39 PM

It's amusing that silly ZH small time ZH day traders consider the world's leading hedge funds the dumb money. It's like a weedy libertarian computer nerd judgmentally criticizing a heavy weight boxing champion for poor martial combat skills. Do you have any idea how pathetic greasy ZH day traders look to professional investors? Financial professionals view ZHers with the same indifference and annoyance as they would view a fly at the dinner table. To them, ZHers are nothing but a bunch of annoying pathetic losers with no investment knowledge or academic credentials.

Feb 21, 2013 9:18 AM

Why do Europeans still feel the need for "national" presidents and prime ministers, when the EU already has a President? President Herman Van Rompuy may not have the charm and charisma of a Barack Obama or a David Cameron, but if you’re after a leader with quiet stoicism and a passion for creating a united Europe, then Herman Van Rompuy is the ideal president. Europeans need to start feeling proud to be European. Together, people are stronger, and the more people can collectivize their skills, energy and creativity, the greater we can be as a species. Ultimately, we need to create a world government with a global central bank and and a global currency. This global government will be run by the brightest minds, and our monetary policy will be directed by the most educated and learned economics professors in the world. Once we have the resources and institutional leadership to enact policy on global level, there is no limit to our success as a species.

Feb 21, 2013 9:41 AM

Because geographical borders defined by politicians are the foundational axioms for morality, denoting the difference between moving and immigration, between trade and importing and exporting, between hiring and offshoreing. I'm not saying we should get rid of national boundaries - national borders have an essential ethical function. Instead, what I propose is a supernational, global government that sits on top of nation states. It's simply another layer of leadership that enacts global legislation across the nation states.

Feb 21, 2017 5:57 PM

Let’s get real here. Venezuela is suffering because oil companies are crashing the price of oil in order to sabotage communism, just like they did to China and the Soviet Union. Socialism didn’t fail – this was the work of capitalists, who continue to wage all out war against the proletariat.

Feb 21, 2017 6:12 PM

Let’s get real here. These riots are a backlash against the surging Islamophobia across Europe, which was only exacerbated by Trump’s proposed Muslim ban. This in no way represents Muslims as a whole, and it is both racist and Islamophobic to suggest that it does. Furthermore, this story is yet to be reported by any accredited media outlet, and until it is, it remains FAKE NEWS.

Feb 21, 2017 6:15 PM

It's not humour! Do you really think I'd spend over three years building one of the most accredited media publications on the internet if I wasn't a real progressive?? I'dm dead serious, as are the majority of progressives. Socialism works, capitalism doesn't, and history (now known as xerstory) demonstrates this clearly.

Feb 21, 2017 6:21 PM

You clearly don’t understand how capitalism works! Capitalists want to take control of the resources of socialist nations so that they can enslave the proletariat and bleed these countries dry! Oil companies collaborated with each other AND pro-capitalist governments to sabotage Venezuela’s main revenue source! Venezuela was doing FINE before this! Cuba has one of the best healthcare systems in the WORLD for goodness sake!!

Feb 21, 2017 6:22 PM

That's pretry rich coming from someone who probably supports Trump!

Feb 21, 2017 6:23 PM

BECAUSE??

Feb 22, 2012 10:23 AM

Liberals have been warning about the lack of welfare spending and jobs programs for decades, and now we are finally being vindicated. This atrocity is the fault of libertarians who advocated cutting spending too much and too fast. Now the Greek people are paying the price for this poor economic policy.

Feb 22, 2012 6:29 PM

The Democrats are the ONLY party that stands up for the little guy. Libertarians, republicans and other ignorant right-wing interests will almost always support the speculators and traders over average American citizens. America is starting to stand up to right-wing bullies. We are sick and tired of right-wing morons talking about “cuts to the budget” and “personal responsibility”, and we are not going to take it any longer. Speculators WILL be regulated and controlled. Greedy profiteers WILL pay their FAIR SHARE of money to the government. Libertarians have profited for too long from speculative bets on gold and oil, and now it’s time they started giving something back to the community.

Feb 22, 2012 7:22 PM

You just don't get it do you? Speculators trade in DERIVATIVES. Derivatives are basically BETS on prices, which is like GAMBLING. Speculators need to be stopped, and it is only the liberals that realize this.

Feb 22, 2013 10:41 AM

I'm no expert. But when I look at a 4-year chart of the S&P, it's pretty clear to me that this market's going a lot higher. The chart just screams buy. There's no other way to look at it.

Feb 22, 2016 1:23 PM

I think America is ready for a revolutionary. We've had enough of the same old policies that just aren't working - we need to elect someone with a radical plan, and without a doubt that person is Bernie Sanders. We've tried capitalism, and while it may have worked for a few, it hasn't worked for the majority of hard-working Americans. When a system isn't working, you don't try to modify it; you replace it. And that's what Sanders is proposing - a completely new system that works for all Americans, not just the privileged few.

Feb 22, 2016 1:30 PM

Few topics have been as widely studied as diversity, and nearly every study has demonstrated that the benefits of diversity overwhelm the costs. Diversity provides a country with an exciting and vibrant economy in which the vast range of perspectives and experiences can solve almost any problem. In my opinion, it is simply not possible for a modern economy to compete in the global marketplace without a rich diversity of cultures and ethnicities.

Feb 22, 2016 10:40 AM

.

Feb 22, 2016 10:41 AM

Even more benefits of a cashless society:

1. Ensures that depositors' money is safe
2. Makes 100% of depositors' money available for investment in the economy
3. Allows governments to enact emergency bank levies in extreme cases without fear of a bank run
4. Easier for consumers to track their spending and create more informed budgets
5. Makes it easier for governments to enforce capital controls
6. Ensures that foreign exchange transfers are carried out by a smaller group of financial institutions, allowing them to provide more favorable rates due to increased transaction volume

Let's admit it, a cashless society is coming whether we like it or not, so we might as well get ahead of the curve and become early adopters. What's the harm?

Feb 23, 2016 1:20 PM

Mark my word, Trump will never be President, as he simply lacks the professionalism to lead this country. I don't care how many votes he gets, the presidency is not a game and you are not allowed to vote for any clown you like. This country has rules and standards, and candidates that think they can break these rules are about to learn a hard lesson.  I simply refuse to recognize Mr Trumps candidacy, and do not recognize any of his votes or polls. 

Feb 23, 2016 10:59 AM

This article is total bullshit. Millionaires are the problem. Don't try to tell me that a golf-playing millionaire should be collecting a bigger paycheck than a college grad who has slaved away for 4-5 years and can't even find a job. This is absolute BS!! All we want is an economy that works for everyone, not just  the few!! 

Feb 24, 2012 1:09 PM

The ECB needs to aggressively buy as much Greek debt as they can get their hands on, so that in the event of PSI they can vote for a restructuring that does not trigger CDS contracts. This is absolutely critical, as a large proportion of these CDS contracts have been issued by the SIFIS (systematically important financial institutions). I cannot emphasize this enough: these institutions CANNOT be allowed to fail. Primary dealers, top tier investment banks and other SIFIS are critical to our economy, and no matter what nerdy libertarians say, these institutions are and always will be TOO BIG TO FAIL.

Feb 24, 2012 5:21 PM

The only "pin" I'm worried about is this constant pessimism from the doomer libertarian community. It is extremely unconstructive and damaging the economy to hoard gold instead of investing in the economy, to save money instead of facilitating credit expansion, and to encourage rebellions against "authority" rather than respect for top economists. These issues are the real issues that face us in the modern economy.

Feb 24, 2017 7:32 AM

This would be great. The perfect antidote to right wing extremism! France wants open borders and more Muslim immigration! Don’t believe the fake news media! They don’t want Le Pen!

Feb 24, 2017 7:34 AM

Trump's rhetoric is responsible for this tragedy. By openly calling for America to rise up against "the establishment" he has created an environment in which any act of aggression against world leaders or those deemed to be "oppressive" is acceptible, up to and including assasination. Whatever you think about North Korea, this is just plain wrong.

Feb 26, 2013 11:04 AM

Sorry guys, but when I look at the 4-year chart of the S&P, all I'm seeing is up up up. When, and ONLY when, I see that chart going down, will I change my outlook for stocks.

Feb 26, 2013 11:08 AM

Paul. There's not much point trying to reason with zerohedgers. This site is great for mildly entertaining artcicles with an humorous conspiratorial flare. But if you want to find intelligent people who believe in democracy and forward thinking economic and social policy, it's probably best to look elsewhere.

Feb 26, 2013 11:23 AM

That's because of speculators, moron. What free marketers don't understand is that if you regulate the speculators, gas prices will fall and stocks will rise even more.

Feb 26, 2013 3:08 PM

My Autobiography - Part 2

A Virtuous Life - A story of courage, integrity and bravery
At the age of six, I was sent to a prestigious boarding school in Connecticut. From the very beginning, I knew I was a gifted child. I excelled in politics, modern history and Latin, and at the end of my first year I was awarded the headmaster's  award for best overall student. My school years had a fundamental influence on my attitudes toward academia and my appreciation for academic credentials. 

Feb 26, 2013 3:19 PM

... Continued:

I realized at that early age that I was going to change the world in a fundamental way. As I progressed through my school years, I developed a passion for analyzing current affairs. Even back then, I could see what was missing from American politics. One of my earliest criticisms of American legislation, and one that I hold to this day, was that there is absolutely no Federal law enforcing minimal academic standards for politicians. I believe to this day that American politics simply cannot progress unless there is an explicit law requiring politicians to have a degree from an Ivy League college. If we cannot maintain the integrity and competence of politicians, then we cannot expect wise and sensible legislation. This is a fundamental truth that cannot be ignored. 

Feb 26, 2013 4:38 PM

Here are some fundamental questions that bitcoinbugs need to answer if they want to retain a semblance of credibility:

1. How can people be expected to put all their faith in digital entities that they cannot see or touch? 
2. What if all computers running bitcoin crash at the same time? (sure, it’s not likely .. but it’s still a risk)
3. What if a group of hackers hack into your bitcoin wallet?
4. What if the computer code breaks?

These are some of the fundamental objections that people have toward bitcoins. And untill they are addressed, people will continue to view bitcoingbugs as weird nerdy creeps with childish dreams of a digital utopia.

Feb 26, 2016 1:19 PM

I knew Trump was no good right from the start. He's clearly hiding something seriously shady, or he'd simply release his tax return. If he's got nothing to hide, then why doesn't he publish it? Nobody should be voting for Trump until he clears this issue up and demonstrates his integrity beyond any reasonable doubt. How does Trump expect to earn the American peoples' trust if he can't even be transparent about a mere tax return? It's a shocking display of arrogance and secrecy.  

Feb 26, 2016 1:28 PM

When you look at the S&P 500 over the last five years, its volatility is staggeringly low, with one of the smoothest uptrends I've ever seen. This the perfect market to get rich in, because the predictability and small drawdowns allow you to buy with leverage - it's really a gift from god if you think about it. QE ended a long time ago and out Federal Reserve has already begun tightening. This is a good thing - we don't want this market to become a bubble followed by a crash. Our Federal Reserve is performing a careful balancing act using scientific economic principals, in order to engineer a low-volatility, rising stock market, and falling interest rates, which is exactly what we need to support our economic and middle class. Our officials learned their lesson from 2008, and have made the necessary changes to their economic models, and so far it appears to be working very well indeed!

Feb 26, 2016 12:50 PM

I'm just looking at the five year chart of the S&P 500 here, and I have to say this market still looks very resilient. Firstly, there is a clear, unshakeable uptrend with very low volatility (also indicated by the relatively low VIX). Secondly, we have been consistently making all time highs, despite the chaos in Europe and China. This shows that our stock market is immune to global turmoil, and as other markets continue to fall, we could see a lot of money leave those markets and enter the US markets, which is very positive for the S&P going forward. I'm also very positive about the US economy given our consistently positive NFP results over the last couple of years, along with our resilient housing market and booming service economy. For those who care to look at the facts, it's pretty hard to deny that we are in a strong recovery, and that the outlook for US stocks is extremely positive. I feel sorry for the perma-bears on this site that seem unable to look at the all of these indicators objectively and see the incredible opportunities that this market is offering to investors. 

Feb 26, 2016 2:00 PM

Chris Christie shouldn't be taken seriously after his despicable treatment of Marco Rubio in the presidential debate. It's an absolute disgrace that he still in public office after that cheap political stunt.

Feb 26, 2016 2:05 PM

We cannot rule out the nuclear option when Russia is openly threatening our allies Turkey and Saudi Arabia with the threat of nuclear war. Russia need to stand down in Syria and mind their own business, or face the wrath of our armed forces. We cannot be passive in this conflict. - we need to demonstrate our authority and proactively defend our interests overseas. We have nukes for situations like this - and we need to be ready to use them.

Feb 26, 2016 5:55 PM

I'm just looking at the five year chart of the S&P 500 here, and I have to say this market still looks very resilient. Firstly, there is a clear, unshakeable uptrend with very low volatility (also indicated by the relatively low VIX). Secondly, we have been consistently making all time highs, despite the chaos in Europe and China. This shows that our stock market is immune to global turmoil, and as other markets continue to fall, we could see a lot of money leave those markets and enter the US markets, which is very positive for the S&P going forward. I'm also very positive about the US economy given our consistently positive NFP results over the last couple of years, along with our resilient housing market and booming service economy. For those who care to look at the facts, it's pretty hard to deny that we are in a strong recovery, and that the outlook for US stocks is extremely positive. I feel sorry for the perma-bears on this site that seem unable to look at the all of these indicators objectively and see the incredible opportunities that this market is offering to investors. 

Feb 27, 2012 3:18 PM

Here we go again. Another libertarian rant about a noble virtue like education. It is my personal theory that redneck libertarians are hostile toward education because educated and enlightened liberals almost always reject their crazy ideas about free market economics. The more educated people are, the more they will understand the need for higher taxes, tighter regulations and more government oversight of greedy profiteers. THIS is what libertarians are terrified of. 

Feb 27, 2013 11:40 AM

If peak oilers expect oil stocks and crude futures to carry then into the higher echelons of society, then I'm afraid they're in for a rude awakening. Green energies are already starting to replace fossil fuels as a viable form of energy. Wind farms, for example, are staring to appear everywhere. There are pictures of wind farms on almost all the green promotional literature. That's telling you something important about the reality of green technologies. Ignore this at your own peril.

Feb 27, 2013 11:40 AM

If peak oilers expect oil stocks and crude futures to carry then into the higher echelons of society, then I'm afraid they're in for a rude awakening. Green energies are already starting to replace fossil fuels as a viable form of energy. Wind farms, for example, are staring to appear everywhere. There are pictures of wind farms on almost all the green promotional literature. That's telling you something important about the reality of green technologies. Ignore this at your own peril.

Feb 27, 2013 11:51 AM

.

Feb 27, 2013 12:08 PM

All this fighting ... when will nations unite in peace to form a global government, and these wars altogether? We desperately need a new world order. The fighting just has to stop. Collectively, if we work together we can create something great as a species. One thing I find interesting is how the brightest foreign students flock to America's Ivy League colleges, only to disappear into top governmental and corporate positions in their own countries. If we collectivism these expertise in a single global government, we can all benefit from the economic and social planning of these global leaders. Global governance is no longer just a dream - it's now a real possibility, but global leaders need to get serious if we want to see it in our lifetimes.

Feb 28, 2012 6:17 PM

Stages of a bubble:

Linear Uptrend: Smart value investors and arbitrageurs accumulate safely at below below fair value prices (well below $5 for silver)

Speculative Mania: Self-righteous libertarians start betting dangerous amounts of money while spreading increasingly elaborate conspiracy theories to justify their obsession

Total Euphoria: Greedy and delusional amateurs scramble to get their hands on every ounce in an effort to satisfy their insatiable self-indulgence

Initial Sell Off: Annihilation of the ravenous and suicidal lemmings who have by now been totally possessed by greed

{We are here} -> Bull Trap: Die hard silverbugs pump what is left of a dying market which sucks in the last of the pack

Capitulation: Total obliteration of the remaining rabble

Feb 28, 2012 7:01 PM

I didn't say fair value was at $5. This would simply be a common sense entry point for professional arbitrageurs seeking fair value at four times mining costs. This is currently around $18.

Feb 28, 2012 9:15 AM

The only "defensive" strategy against total annihilation in the event of an economic catastrophe is LONG TREASURIES. US debt has ALWAYS been a SAFE-HAVEN, and this is not going to change anytime soon. Doomer libertarians need to wake up to this, or their portfolios will go the way of their discredited theories on economics. Investors consistently flock to the dollar and to US debt during troubled times, as they know they can rely on the sound responsible governance of our congress and the measured and sensible analysis of our economic advisors.

Feb 28, 2012 9:23 AM

What I can't understand is why a CAC offers equal voting rights to every bondholder. Surely, top tier investment banks, governments and primary dealers should have far greater voting rights than buy-side firms? Hedge funds are dispensable, but systemically important financial institutions such as banks have a far greater value to the world economy, and should thus be protected from a CDS trigger.

Feb 28, 2013 2:17 PM

It’s only a matter of time before silver reverts to fair value at $18 an ounce. When you take an objective look at the silver market (without the Zerohedge hype), I’m afraid the outlook is bleak. Let’s review the facts:

1. Mining output of silver at these inflated prices is increasing faster than ever, and new supply is flooding the market at an ever increasing rate.
2. Graphene is replacing silver in almost all of its industrial utilities, rendering silver almost worthless as an industrial metal.
3. To the horror of silverbug goons, more and more funds are dumping silver as an investment in order to invest in stocks and bonds.

I’ve warned the silverbug cretins to protect their savings and stay away from this dangerous market, but it seems that these suicidal lemmings are so invested in their dream of becoming kings of the universe, that they simply cannot be reasoned with.

Feb 28, 2013 2:35 PM

"an item has the worth man is willing to pay for it, not what it costs to manufacture"

But if the market value is four times mining costs, then miners will flood the market with supply. Sadly, we're already starting to see this happen in silver. This avalanche in new supply is going to knock most feeble silverbugs off their toes so fast they won't even know what hit them.

Feb 28, 2013 2:51 PM

I'm afraid my research demonstrates that the average mining cost for an ounce of silver is precisely $4.50. This yields a fair value of 4 x $4.50 = $18 per ounce. If miners cannot turn a profit, it simply has to be due to operational efficiency alone. None of this changes the fact that silver miners will be flooding the market with silver in the coming days, months and years. Silverbugs are in for a brutal shock, and they better be ready for it.  

Feb 28, 2013 3:21 PM

For all my preaching about the virtues of global governance, I have to admit that the libertarian camp has been far more successful in marketing itself to young people. Populist libertarianism has all the rebellious connotations of "fighting the man", in addition to the radical extremism that tends to attract angry nihilistic teenagers.

If the progressive movement wants to attract more young people, I'm afraid we need to change fast. In order to catch up, we need to start with something radical. So here's my suggestion: We create a United Nations pop group, made up of ten trendy teenagers, one from each of ten different countries. The first singer can be a Chinese yuppie hipster with a "rebel from a rich family" kind of look. The second will be a softer Justin Bieberesque Indian kid who interrupts each song with a serene interlude that make the girls go crazy. This will be the first multilingual pop group in existence, and its going to be awesome. Finally, global governance will be cool, and generation X will have to think hard before they join the ranks of sad, lane libertarians.

Feb 28, 2014 9:11 AM

I tried to warn bitcoinbugz that this eccentric experiment in decentralized currency would end badly, but of course libertarians and power-hungry hackers always think they know better than everyone else. This bankruptcy is proof that bitcoin will never be a legitimate currency and simply cannot stand up to the tangible, centralized alternatives. Currency needs to be backed by a strong authority or it simply cannot function. Economists have proved this over and over again and yet somehow libertarians still don't get it.

Feb 28, 2014 9:37 AM

@Dre4dwolf I'm no fan of gold, but at least gold has intrinsic value. Gold has the major advantage of being physical and tangeable, which is how it derives its intrinsic value. This the same reason I don't trust 'electronic' messaging services such as WhatsApp and 'email'. At least I can hold a physical letter in my hand. If an email gets lost, how do I even know about it? Anything purely electronic with no tangeable form is a scam ... PERIOD

Feb 29, 2012 10:35 AM

The Murdochs and their news outlets are some of the most biased right wing meanies on the planet. The world will be a better place with only smart, informed and forward thinking liberal channels like MSNBC, CNN and ABC. These channels offer unbiased and objective coverage of the most important issues facing the world, which is why they generate virtually no criticism relative to Fox News.

Feb 29, 2012 12:00 PM

Finally, silver is returning to FAIR VALUE at $18/oz. Smart arbitrageurs are short in anticipation of this revaluation.

Feb 29, 2012 12:27 PM

I never said anything of the sort. In fact I even clarified that this would be a good entry point for value investors, and that they would be seeking fair value at $18. Redneck silverbugs are learning a hard lesson today. I have tried to warn the wide eyed lemmings on this board about the impending revaluation of the "precious metals" but nobody listened to me. I hope that in the future, you will take time to digest my objective economic analysis - it might just save you some money.

Feb 3, 2012 11:41 AM

Doomer libertarians and goldbugs have been absolutely HUMILIATED today - LOL. Silverbugs, doomer rednecks and lunatic conspiracy theorists are desperately trying to defend their reputations but it's simply futile. The global recovery is now undeniable.

Feb 3, 2012 6:51 PM

Terrorism is going to be one of the major issues in 2012, but nobody wants to face up to it. America needs to understand that terrorism, both domestic and external, is a real threat to our way of life. We can't just rely on our military for protection, we also need strong surveillance networks at home, and rewards for routing out potential domestic terrorists.

Feb 3, 2012 9:47 AM

The global recovery is back, and there's nothing doomer libertarians can do to stop it. Interest rates are low and economic growth remains steady, all of which bodes well for the Obama/Biden 2012 campaign. Libertarians have been DEAD WRONG about the economy, however much they lack maturity to admit it.

Feb 3, 2012 9:53 AM

Explain this then:

Feb 4, 2013 2:33 PM

With all due respect to our elected congressmen, I have to point out that the primary cyber-threat is domestic, and not from abroad. The number of fringe bloggers from conspiracy theorists to right-wing extremists is on the rise, and their influence is only growing, Conspiracy theorists and systematically undermining our government and Federal Reserve in America by spreading lies to the most gullible and mentally challenged readers on the internet. Right-wing extremism is also on the rise, appealing mostly to angry young men with little to no dating success and dismal career prospects due to their lack of engagement with society. Many of the commenters on this site show signs of all these characteristics and are a clear threat to our way of life in America. The internet needs to be heavily regulated, before the number of extreme ideas will becomes simply unmanageable.

Feb 4, 2015 5:02 PM

I worry that younger people in Europe are starting to emigrate and find work elsewhere, leaving the older generations that raised them to fend for themselves. It is simply unacceptable and selfish that young adults refuse to contribute to the economy and pay their fair share of taxes, when Europe has given them top quality education and invested millions of Euros in their futures. Younger generations owe it to their elders to pay their fair share.

Feb 5, 2013 10:10 AM

Bob Janjuah's apoclyptic market predictions have been apaullingly inaccurate in the past and I suspect that this one will fall flat on it's face just like the rest. Asside from his shockingly innacurate market forecasts, Mr. Janjuah's educational background is also highly suspect. There appear to be no accessible public records on Mr Janjuah's formal qualifications, and whilst it is not known for sure, I highly suspect that he did not even attend an Ivy League school. I would strongly advise the less experienced investors on this site to treat the eccentric analyst’s views with caution and skepticism.

Feb 5, 2015 6:57 PM

New artcicle over at the Accredited Times: 

Feb 5, 2016 1:00 PM

This has been happning for a long time, and it's exactly why governments need to start borrowing on our behalf. When aggregate demand increases and the velocity of money speeds up, this will stimulate spending and the economy will take off. It's simple economics, for someone who has an education. 

Feb 5, 2016 1:20 PM

It's saddening yet predictable that conservatives have used the refugee crisis to spread their right-wing agenda of hate and Islamaphobia. Just because a handful of refugees may have been radicalized, that doesn't mean that all refugees are terrorists. Maybe if Europe demonstrated a little more compassion and less hate, there would be fewer of these refugee attacks.

Feb 5, 2016 10:13 AM

Makes perfect sense to me - this is a good number. Never mind if it's 'below expectations'; it's clear to everyone except a pessimistic few that we are in a recovery, and therefore we have plenty of justification for a rate hike. We need to be cautious - if we let this recovery get out of hand it could become a bubble. We learned that lesson in 2008. No more boom and bust!

Feb 5, 2016 10:23 AM

The Bureau of Labor Statistics reports that fewer than 10% of the people not included in the labor force actually want a job, so it simply doesn't make sense to include these people in the report. Most of these people are retired, studying, or pursuing other interests. One of the benefits of living in this day and age is that people can pursue their interests and be free of the constant need to work - this is progress! Isn't that the dream of every American? To one day retire and dedicate their life to leisure, hobbies and personal interest? 

Feb 5, 2016 10:31 AM

Just a heads up for all the uptight rednecks on this blog - it's actually quite offensive and hurtful to people on food stamps, when you imply that they're not contributing to society. Just thought I'd let you know, cos hardly any of you seem to realize that. By the way, there's nothing wrong with choosing to live on food stamps and pursue other interests - it's the god given right of everyone on American soil (yes, including immigrants with nowhere else to go, for all the racists out there). JK Rowling wrote the Harry Potter books while she was on welfare - if she'd been forced to get a job or worse, look after the kids in a patriarchal family, it's highly unlikely Harry Potter books would ever have been written. Just remember that next time you criticize someone on welfare.

Feb 5, 2016 10:44 AM

Here we go again with the completely insulting insinuations about Service Professionals. Service Professionals actually have to demonstrate a much wider variety of skills than the majority of supposedly 'high status' jobs in fields like engineering, management or accounting. You need to be punctual, you need be able to deal with customers on a face-to-face basis, and you need to be able to deal with many complex mental tasks in order to provide efficient and satisfactory service. A lot of these jobs also have long hours, so you also need incredible endurance. This combination of skills puts most 'high status' works to shame, and clearly demonstrates the flaws in capitalism. Why should these works be paid less than some manager who just sits on his arse all day why the workers work 14 hour shifts! It's an absoluteoutrage, and the ONLY presidential candidate I see pointing this out is Bernie Sanders, which is why he has my vote no matter what.

Feb 5, 2016 10:44 AM

This blog is seriously offensive towards Service Professionals! SAD!

Feb 5, 2016 10:56 AM

I don't see it that way. These days, it's very common among people of working age to take gap years and time off work to pursue other interests. And sure, some of them are on welfare - so what? Going on welfare is aperfectly acceptable lifestyle choice; and people should be able to do so without fear of being shamed, attacked and derided, as they are by many conservatives.

Here's one thing you uptight right-wingers need to get through your heads - life is not all about working! There's a lot more to life than wage-slavery! Wouldn't you like to paint a painting or go to a music concert one in a while? Of course you would! That's what life is all about! We have enough resources and wealth in this day and age that nobody should have to work anymore. Anyone who convinces you otherwise is nothing but a capitalist exploiter, pure and simple.

Feb 5, 2016 11:46 AM

Not sure about you guys, but I regard service jobs as vastly superior to dirty manufacturing jobs. Only doomer libertarians reminisce about the satanic mills. 

Feb 5, 2016 12:31 PM

You better FEEELL the BUUURRNN cos we're TAKING OVER!! Socialism WILL be the next global system and there's NOTHIGN you can do to stop it!!! 

Feb 5, 2016 12:56 PM

How many times do I need to say this? Service jobs are better than manufacturing jobs. Nobody wants to be getting their hands dirty in the 21st century. If you don't believe me, ask young people in this country what they'd rather be doing: fitting greasy metal parts together in a dark room, or learning how to make an awesome Latte in a hip cafe filled with interesting and edgy people to talk to? I know what I'd choose. 

Feb 5, 2016 9:59 AM

151k is still a fantastic number by any measure, which bodes well for the economic recovery! We've now had about five years of consistently positive NFP results, which makes it pretty difficult to argue that we're not in a strong recovery. At this rate, we'll have full employment in about a decade - a feat that has never been achieved before in a capitalist country, all thanks to the advent of scientific monetary and fiscal policy. Now that almost everyone has a job, the next thing we need to focus on is wages. Our minimum wage simply hasn't kept pace with living costs, or our society's acceptable standard of living. It is now widely accepted that owning a smart phone and tablet, laptop or macbook with  internet access is a basic human right, as without them it's simply impractical to take part in the modern economy. We need to ensure that our minimum wage covers these basic necessities and allows everyone to take part in society, not just those who find themselves in higher paying occupations. 

Feb 6, 2012 11:42 AM

I love watching discredited, intellectually inferior libertarians squirm after being totally HUMILATED by top Nobel Prize winning economists. Dr. Paul Krugman is absolutely right - interest rates are at RECORD LOWS. Where's the collapse that libertarians have been predicting? Where's the 'collapse' in housing prices? I'm still waiting.  

Feb 6, 2012 12:19 PM

"There are costs to accumulating such a massive debt pile ... "

Er ... did you not hear what I said? Interest rates are at RECORD LOWS. You know what doomers like you could be doing instead of hiding in your underground bunkers and whining about Armageddon like insane lunatics? Taking out consumer loans and actually HELPING the American economy. Libertarians are a bunch of spoiled brat whiners in a nation of largely patriotic and sensible consumers just going about their daily shopping and doing their part to boost the economy.

Feb 6, 2012 4:12 PM

It’s quite amusing to read these endless pessimistic articles that fail to understand the basics of Keynesian economic theory. The truth is that future generations will comfortably pay down this debt, since they will be richer as a result of the fiscal and monetary stimulus programs that we are currently pursuing. Dr Ben Bernanke (current Fed chairman) summed it up nicely when he said:

“If current trends continue, the typical U.S. worker will be considerably more productive several decades from now. Thus, one might argue that letting future generations bear the burden of population aging is appropriate, as they will likely be richer than we are even taking that burden into account”

Feb 6, 2015 10:13 AM

WOW! This is a simply amazing figure! J Gold and silver are getting absolutely smashed right now, and equities are looking extremely strong. My portfolio is #winning today, my treasuries are up, my S&P 500 positions are up, and all of my short foreign currency positions are up. This is just insane!! It’s time to pop open some champagne because the recovery is officially roaring!

Feb 6, 2015 10:15 AM

#WINNING

Feb 6, 2015 10:39 AM

Turkey should be let unti the European Union. This would temper their economy and give them access to capital from the ECB, allowing their economy to grow and recover. Together countries are stronger. Some peoeple think the Greek crisis demonstrates that the EU is a 'disaster', but I think it just proves how much more integration and centralization we need. 

Feb 6, 2015 9:50 AM

This is an absolutely awesome figure! There’s no playing this down -This is the nail in the coffin for doomer libertarians and zerohedge freaks! The recovery is not only sustaining itself – it’s accelerating, and this specifically because of the work that our congress and Federal Reserve have done to stimulate economic growth.

For those of you who understand economics, today’s figure comes as no surprise. Read today’s article at the Accredited Times for the truth about where jobs really come from:

Feb 7, 2012 11:35 AM

Reasons why Bernanke is the BEST Fed Chairman in recent years:

1.     He understands the importance of the Federal Reserve’s INDEPENDENCE and that there is no place in this day and age for political meddling with monetary policy which was reflected in his rejection of Ron Paul’s insane “audit the Fed” bill

2.     He recognizes that the dual mandate for maximum employment and price stability is a LONG-TERM endeavor, and has thus committed to keeping interest rates low for an extended period while wisely ignoring transitory price inflation

3.     He is willing to take the time out of his busy schedule to educate economic illiterates like Ron Paul who fail to understand even the most elementary principles of monetary policy

Feb 7, 2012 5:54 PM

Finally the FBI is cracking down on these dangerous lunatics. I mean, it’s quite astounding. These people openly call for this crazy shit in broad daylight, and they don’t get locked up? If these anti-government lunatics don’t like America, then they can just leave. Otherwise, they need to learn basic etiquette and conform to our society’s decent and wholesome values. 

Feb 7, 2013 11:06 AM

America needs to get involved and sort this out once and for all. With great power come greate responsibility, and this nonsense has to end. Our CIA has professional negotiators who will be able to resolve this dispute. And if negotiation fails, then I'm afraid military force is the only option.

Feb 7, 2013 2:43 PM

It's quite sad to see how pathetic nerdy ZHers envy the success and power of financial professionals. Financial professionals at top tier investment banks laugh in the faces of feeble ZH computer nerds and weird silverbug preppers. These guys are earning millions of dollars a year - do you really think they could care less about a bunch of losers raving at a computer screen. C'mon guys; just admit that you're jealous of the wealth and success of accomplished financiers. It's ok to be jealous - not everybody can be join the higher echelons of society. Lucrative positions at top tier investment banks are reserved for the best of the best only. 

Feb 7, 2017 10:28 AM

Here’s my argument against Betsy DeVos: she’s anti-education! Take that right-wingers! Progressives are leading the way against right-wing bigotry with some of the most effective narratives ever constructed, and there’s nothing you can do about it.

Feb 7, 2017 9:11 AM

Yet more Islamophobia from Trump! This is just sick, sick, sick! Literally like, EVERYTHING Trump says is deplorable! He is just the worst human being on this earth! Progressives need to rise up before we’re watching Muslims and Hispanics marched off to concentration camps on Fox News, after all accredited news outlets are banned. This is our last chance people – SAY NO TO FASCISM!

Feb 7, 2017 9:15 AM

SAY NO TO HATE!

#FuckFascism

#FuckWhiteSupremacy

#FuckTrump

Feb 7, 2017 9:16 AM

You are fake news! You need to shut up and go to jail! FUCK TRUMP!

Feb 7, 2017 9:33 AM

This is confusing. Here’s how I see it though. I’m against Islamophobia and I’m against fascism, and therefore I’m against Trump. I also like Obama, and I like Iran too. Can’t we just agree to end fascism and to end hate by overthrowing Trump? This article overcomplicates things.

Feb 7, 2017 9:39 AM

Trump’s extremely close relationship with Putin is indeed very disturbing. Does it have to be said yet again that 17 intelligence agencies have confirmed Russia’s involvement in our elections? I was sounding the alarm about this right from the beginning, before even the accredited media picked up on it. Once again, the Accredited Times leads the way and breaks things before everyone else. We need war with Russia, because Putin hacked our elections, which is an act of war. This is in all of our best interests!

Feb 8, 2012 10:14 AM

This is a tragic failure of leadership. The delay in the EFSF expansion allowed this crisis to get much worse than it should have. I just hope we can learn from our mistakes, and grasp the importance of letting politicians do their jobs by pushing through the necessary legislation and stabilizing the European economy.

Feb 8, 2012 4:57 PM

If the American consumer refuses spend, the only solution is for the government to pursue AGGRESSIVE fiscal stimulus programs. Bernanke becoming increasingly accommodative to this end, so congress has NO EXCUSE. We need decisive and meaningful fiscal stimulus NOW to boost aggregate demand and fuel our service economy. 

Feb 8, 2012 5:08 PM

WHAT??!! Collective bargaining is a HUMAN RIGHT. Government unions are just bargaining for future benefits like any other private contract. The unborn children that pay these taxes will be happy to pay for a more equal and prosperous society. Unions need to take to the streets NOW and fight for their rights!

Feb 8, 2013 10:58 AM

This is typical purist libertarian thinking. Not everything is black and white. Figures aren't always exact and perfect like a libertarian utopia. The world comes in shades of grey.

Feb 8, 2017 5:32 PM

He's a fucking white male, what do you expect? We need Michelle Obama as president to clean up this mess!

Feb 9, 2012 10:10 AM

I definitely share Mr Draghi’s concern about credit contraction, and I also agree with his policy of keeping rates low for an extended period. However, I would caution that this sluggish economic recovery is at risk of developiong into a double dip recession if central bankers and politicians are not proactive and vigilant with regards to monetary and fiscal stimulus. There is a dire need for broad economic reforms to straighten out the economy and provide solid grounds on which we can build a bright and prosperous future.

Feb 9, 2012 6:28 PM

What an astoundingly ridiculous inference. Is it a conspiracy theory for the CME to attempt to attract customers? I understand that silverbugs are still licking their wounds after getting totally annihilated today post fix, but that doesn’t give you the right to come up with this preposterous nonsense.

Feb 9, 2015 5:18 PM

Greece is part of a wider socio-economic problem - we as a community need to tackle poverty head on and continue the work of the past decades. Fighting poverty is a marathon, and we cannot be distracted by short term economic turbulence. We must stay focused on ending poverty once and for all. Today's article at the Accredited Times highlights some practical steps that progressives have been taking in the fight against poverty. 

Feb 9, 2015 5:53 PM

I find this mockery of the Grilled Cheese business quite racist actually. This business is most likely serving underprivileged lower-income households, and while you may be able to afford to shop at whole foods, these people can’t, so please, let them enjoy at least something in their lives!!

Today’s article at the Accredited Times highlights some practical steps that progressives have been taking in the fight against poverty, and what we all need to do in order to take this fight to the next level:

Feb 9, 2017 1:14 PM

This is awful! The police state is officially here! First he went after Muslims, and now he’s going after undocumented Hispanics and African Americans who are besieged by crime! Many of these destitute minorities are forced into this way of life by poverty and white privilege, but Trump is just going after them like they’re the perpetrators of this system! When will Trump’s reign of terror be brought to an end??

Feb 9, 2017 1:56 PM

Uuuurrr OBVIOUS .. it's the POLICE STATE!

Feb 9, 2017 2:14 PM

Trump is an idiot. He acts like he’s addressing the concerns of ordinary people, when in reality he’s only addressing the concerns of angry white racists and xenophobes. Even if Trump were addressing the concerns of ordinary people, this would be populism, which is the same as fascism. Tump needs to be impeached for being a racist. Racism is unconstitutional.

Feb 9, 2017 2:32 PM

And it begins. Trump is going to have so many law suits flying at him that he won’t be able to focus on the presidency, and his legacy will be destroyed!! HAHAHA!!! This is our goal as progressives – to destroy Trump and elect someone like Hillary of Michelle Obama president. Once this happens, we’ll stop protesting, because the country will be in good hands.

Feb 9, 2017 3:42 PM

1. We need to build bridges not walls!
2. Mexico is one of our most important trading partners!
3. A border tax will hurt the US consumer!

Jan 10, 2012 10:13 AM

I fully realize that I am powerless to save the majority of wide eyed lemmings on this board, but in the hope that I might save a few innocent souls, PLEASE research false breakouts and bull traps:

Jan 10, 2012 11:16 AM

With all due respect Snidley, gold does not pay an income and is a niche investment that traditionally appeals to conspiracy theorists and right-wing extremists. Furthermore, this investment runs contrary to the views of top fund managers and economic experts at some of the world's top financial institutions.

Jan 10, 2012 6:47 PM

Fannie Mae is doing critical work by boosting aggregate demand which fuels the real estate market and improves the economy for all Americans. Maybe if the Zerohedge community were more economically literate, there would be more praise for this essential service rather than envious whining about the CEO’s compensation (which is comparable to that of any other CEO).

Jan 10, 2012 7:33 PM

The irony is that despite these figures, the price of silver has only just crept above $30. It looks like the doomers are as dishonest about the true supply of silver as they are crazy. This silver pumping is just getting plain embarassing, not to mention irresponsible.

Jan 10, 2012 8:12 PM

Why would a futures holder demand delivery of physical metal? Most normal people are perfectly content with cash settlements in US dollars. Our bond market is the largest in the world, and dwarfs the petty precious metals market. This is because savvy investors understand that the dollar is a SAFE-HAVEN. And these are REAL investors at top financial institutions, not crazy doomer conspiracy theorists with stacks eagles buried in their back yards.

Jan 10, 2013 11:05 AM

I think you need to learn the definition of DEMOCRACY, idiot. In a democracy the government represents the will of the people. The people are unable to represent their own will, so they need politicians to do it for them. Liberal democrats wisely and thoughtfully point out that if the government didn't exist, the people would be unable to act according to their preferences, and the world would become a darker, more brutal place to live in. Ultimately, only politicians can provide us with peace, equality and happiness. But we have to vote for the right politicians - that's the key.

Jan 10, 2017 10:35 AM

Jeff Sessions is a white supremacist. He supports harsh immigration controls to keep non-whites out of America, and he supports the deportation of millions of hard-working undocumented Hispanic-Americans who have been living and working in America for years, many of whom have families! It disgusts me that this is the person Trump has chosen to be Attorney General in place of a womyn of color! We’re going backwards, not forwards!

Jan 10, 2017 10:39 AM

At least Bill Gross now recognizes that Trump is the single biggest threat to the markets in American history. His tax plan is completely irresponsible and has been criticized by countless top economists! Every top economist recommends high taxes and fiscal stimulus programs to stimulate the economy and jobs! This is what has worked timeand time again! Why is Trump persuing this failed neoliberal model of low taxes and deregulation?? That’s exactly what caused the crisis of 2007-08!

Jan 11, 2012 10:38 AM

This is no laughing matter Caviar. The debt ceiling was a very dangerous idea from the start and has been the subject of much controversy among top Ivy League economists. The Nobel Laureate, Dr Paul Krugman, summed it up nicely when he said:

Think about it. There’s a significant chance that failing to raise the debt limit could provoke a renewed financial crisis — and Republicans would rather take that chance than allow a reduction in tax breaks on corporate jets.

The debt ceiling is one of the most clear and present dangers to American freedom, liberty and prosperity and the sooner it is abolished the sooner we can start passing some serious fiscal stimulus programs to boost aggregate demand. Never underestimate America - this country is HUNGARY to spend, we just need credit. However, provision of this credit will require cooperation and maturity from both congress AND our Federal Reserve, which I'm sorry to say have been lacking as of late.

Jan 11, 2012 10:52 AM

Jan 11, 2012 11:17 AM

They are the best people for the job since they were either elected or appointed by elected officials. In order to get elected, politicians must survive the scrutiny of a well informed and objective constituency. People cannot be trusted to run their own lives or give to the poor, however we CAN trust them to vote for people to do these things instead.

Jan 11, 2012 5:52 PM

It’s time for downtrodden equity investors to get organized. The sluggish pace of this economic recovery is very concerning, and I personally believe that there is the very real possibility of a double dip recession. It is out of deep concern for the health of the American economy and its loyal investors that I propose the creation “The American Union of Equity Investors”. This union will be open to any and all investors in US and global equities, from analysts at top tier investment banks to independent value investors. The Union will be focused primarily on lobbying for more fiscal and monetary easing but it will also work to promote public awareness of the need for monetary and fiscal stimulus.  Don’t forget, this is YOUR Federal Reserve and it is up to everyone to make sure that Bernanke is serving YOU.

Jan 11, 2012 6:10 PM

Iran better watch their next move because America is on RED ALERT. Israel will be protected at ALL COSTS, because they are a vital ally in the war on terror.

Jan 11, 2012 7:08 PM

Good effort from Ron Paul coming second to Romney. However, he has to seriously work on his credibility before he can expect to get the nomination. The public are rightfully appalled at his radical policies such as:

1. Ending the war on terror and endangering millions of innocent Americans

2. Giving children access to dangerous drugs

3. Interfering with Monetary Policy and impeding this fragile recovery when millions of Americans are facing tough economic circumstances

Jan 12, 2012 10:13 AM

I can't believe how hard retail stocks have been getting hammered this morning! This is just PURE MANIPULATION. There is just NO WAY those Christmas earnings should be that low. Central banks and primary dealers have been colluding to keep credit tight and put the squeeze on retail stocks, and the same time they are secretly buying credit default swaps and selling short those very stocks!  The SEC needs to step in and put a stop to this manipulative tightening!

Jan 12, 2012 10:40 AM

Central banks became universally hawkish in 2011 and the primary dealers and other retail banks have been consistently tightening their balance sheets. AT THE SAME TIME, retail stocks start to take a dive with Christmas earnings coming in MASSIVELY below consensus. Coincidence? Right LOL!. Only a completely delusional conformist can't see this basic reality. The powers that be are MANIPULATING retail stocks in broad daylight and these sheep just cannot see it!

Jan 12, 2012 11:26 AM

I AM consistent. Federal Reserve officials are supposed to be EASING during tough economic times. Why would central banks become hawkish during a global economic slowdown!? There is no rational reason for this other than MANIPULATION OF RETAIL STOCKS!

Jan 12, 2015 12:10 PM

Now that America's shale industry is being put out of business, this is the perfect time to look at alternative energies and start replacing oil once and for all. There are plenty of green alternatives to oil such as wind and solar, so I don't see why we even need oil at all to be honest. Global warming may not be in the news as much as it used to be, but don't let that fool you. Scientists have warned that the threat of climate change is greater than ever and we need to take action in order to avoid disaster. Either we take exreme measures now to combat climate change, or the climate will force us to.

Jan 12, 2017 1:02 PM

This is just horrible! Trump is trying to implement a global third Reich! Muslim Europeans are scared! Undocumented Americans are worried about deportation! How have white people transformed from people who were beginning to check their privilege and pay for their sins into fascist monsters??

Jan 12, 2017 10:49 AM

How can CNN be fake news?? CNN is one of the leading accredited news companies in the world!! They have been reporting fact-checked, verified news for over three decades! They have state of the art studios, well-dressed reporters and are played in gyms and hotel waiting rooms across the world!

Jan 12, 2017 10:50 AM

Soros also lost money betting on Brexit! Well done alt right, you just deprived pension funds and philanthropic causes of over a billion dollars! Yes, that’s right. You’re not just hurting Soros when you disrupt the political paradigm – you’re negatively impacting millions of poor and helpless people all over the world!

Jan 13, 2012 11:34 AM

Sorry but you morons actually think that S&P is a credible rating agency? LOL. Top Nobel Prize winning economists, top financial services professionals, and top government and Federal Reserve officials have expressed their almost UNANIMOUS divergence from S&P's ludicrous downgrade of US debt. Hmmmm. who should I believe? A bunch of doomer day traders on Zerohedge or top economic leaders and industry professionals?

Jan 13, 2012 5:16 PM

Don't be ridiculous. This fund already exists - its called the Federal Reserve Bank of the United States of America. Their balance sheet is unlimited and is being strategically leveraged for maximum impact on interest rates and growth. This is the genius of the elastic money supply.

Jan 13, 2014 10:16 AM

I'm sorry but these nuclear scare stories are downright irresponsible when the threat of climate change is vastly greater and looming on the horizon. We need to seriousy cut back on our fossil fuel consumption and one of safest and cleanest replacements is nuclear power. The longer it takes people to realize this, the more damage our planet is going to suffer, so thanks a lot for the propaganda piece Tyler. I hope you're happy when the world is 8 metres under water and low lying countries like Bangladesh are completely flooded. The US is already freezing over because of climate change you morons! When will you idiots learn!?

Jan 13, 2017 4:18 PM

I suppose you all think this is some kind of conspiracy theory, and that someone will attempt to assassinate Trump during his inauguration. Nobody is going to assassinate Trump, because he is on the right. Historically, only progressive presidents are assassinated, and usually by right wing extremists.

Jan 13, 2017 4:21 PM

Trump is clearly collaborating with the Russians to overthrow our progressive democracy. The more Trump attempts to broker a “peace deal” with Russia, the more obvious it becomes that Russia hacked our elections and that Trump is simply Putin’s puppet. I’m outraged by this, and you should be too.

Jan 13, 2017 4:24 PM

Taiwan should not be recognized as an independent state. We have to respect the One China policy that we agreed to decades ago. China is fast becoming the dominant global power, and the US should be careful not to upset them.

Jan 14, 2013 2:24 PM

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I’ve just quit my job to become a full-time Herbalife independent distributor. What I do is I spread Herbalife’s unique world class products to healthy eaters not just in America but all over the world. I truly believe that Herbalife’s products are the best in the world. If I didn’t, I wouldn’t have given up a lucrative career in finance to join the distributor program. I'm so excited about this oportunity! 

There are so many reasons to become a Herbalife distributor. Firstly, there’s big money involved. Some distributors earn in excess of $1,000 in the first month! Secondly, Herbalife is dedicated to spreading good health all around the world which is part of Michelle Obama’s plan to end obesity and bad eating habits. Who doesn't want to make themselves and others healthy while making some serious money!? Lastly, Herbalife offers its distributors fully paid-for holidays to exotic locations around the world. This year I'm hoping to qualify for a full vacation to Greece, all expenses included :) 

If you’re interested in joining, please PM me and I’ll sign you up.

Jan 14, 2015 12:56 PM

Looks like a healthy double bottom is forming in stocks. I'm seriously considering selling some of my treasuries and doubling down. The green shoots in the economy are now undeniable to even the most pessimistic doomers - the housing market is recovering steadily, the dollar is strengthening, oil is cheap, and payrolls are consistently positive. If you feel like you've missed the boat, it's not too late -in my opinion prices are going to at least 4000. If you like the sound of buying at 2000 and selling at 4000, then what are you waiting for? 

Jan 15, 2013 4:23 PM

Finally, the last thing I’ll say to the people who don’t believe in the global recovery, the cynics and the skeptics: I'm sorry for you. I’m sorry that you can’t dream big. I'm sorry you don't believe in miracles. But America is one hell of a country. This is a great economy and you should stand around and believe it. You should believe in our corporations, and you should believe in our government. I'll be a fan of America for as long as I live. And there are no secrets — this is a hard recovery and hard work wins it. So long live the American dream!

Jan 16, 2012 11:36 AM

Buyers of CDS are SUCKERS LOL! Smart credit derivatives desks have sold large quantities of sovereign CDS knowing that peripheral Euro states are simply TOO BIG TO FAIL. This means that CDS buyers are paying for a hedge that already exists in the form of liquidity backstops provided by vigilant central banks. Looks like ungrateful doomer shorts are going to learn the hard way that you do not bet against the global economy and world leaders.

Jan 16, 2013 1:10 PM

This is long overdue. I'm ashamed to admit that America's gun legislation is far behind the rest of the developed world. It's embarrassing that we have thousands of deaths every year caused by firearms in this country, and yet right-wingers religiously support lax gun regulations. The rest of the works looks upon America's gun loving culture with horror. How many more people need to die before the right supports a ban on dangerous assault weapons? 

Jan 16, 2014 1:57 PM

I'm going to way in heavy here. Not only is this article misleading but it appeals to some of the most common fallacies about monetary policy. First of all, easy monetary policy does NOT benefit the banks. The primary dealers don't just get to spend the money they receive from the reserve bank, they have to make loans and generate revenue like other company.
Secondly, there has never been a chairman with a track record as flawless as Bernanke's. Under Bernanke our economy recovered from one of the sharpest recessions in history. We now have a booming stock market and a recovering housing market. Only a true maestro is capable of such a phenomenal feat. Please get an education and stop posting these ridiculous articles.

Jan 16, 2014 10:31 AM

People have neither the time nor the expertise to understand or formulate an opinion on most of today's pressing political issues. The only solution is to defer to the experts, which is what I've been saying over and over again on this site. I don't contradict the scientific consensus on climate change and nor do I have the audacity to contradict the economic consensus on the benefits of monetary and fiscal stimulus. These issues should be left to accredited experts only, and it is the responsibility of every individual to respect and subscribe to mainstream opinions on matters of extreme complexity. 

Jan 16, 2014 10:51 AM

I have the modesty to understand that I have no more right to formulate an alternative opinion monetary policy than I have to form an opinion on advanced molecular biology. Economic and political issues are a science and matters of such should be left exclusively to accredited experts with the necessary credentials. Everyone understands that formulating an opnion on a topic in advanced theoretical physics would be futile without a background in the subject. Why do people think that economics and politics are any different?

Jan 16, 2015 1:19 PM

If traders can't even trust thier own central bankers then what can we rely on? Central banks are supposed to uphold their dual mandate of maximum employment and stable prices. How the hell does the SNB's decision create stable prices??? I've always traded on the principle that central banks will manage the economy professionally by keeping prices at sensible levels and preventing events such this ... THIS IS THE WHOLE PURPOSE OF CENTRAL BANKING. If I can't rely on this, then I don't know who to believe!!! Investors need to know that CENTRAL BANKS ARE WATCHNG THEIR BACKS!!!!

Jan 16, 2015 10:19 AM

This is bullshit!! There's fucking no way that traders should have to take losses like this just because some fucking moron at the SNB decides to abandon their comittments. What the hell is this world coming to!?? It's fucking not fair. WHAT IS THE GOVERNMENT DOING ABOUT IT?

Jan 16, 2015 10:19 AM

WHY ISN'T THE GOVERNMENT DOING ANYTHING TO HELP INVESTORS WHO HAVE LOST THIR ENTIRE DEPOSITS DUE TO THIS UNACCEPTABLE MOVE BY THE SNB!! THIS IS INSANITY! WE NEED HELP AND NOBODOY IS DOING ANYTHING!!! WTF???

Jan 17, 2012 10:22 AM

**BOMBSHELL**

The "Alternative Market Project" has long been associated with the right wing extremist group "Oathkeepers". This group has been exposed as nothing but a front group for promoting conspiracy theories and anti-state propaganda. The SPLC has produced a number of shocking articles documenting the extreme and dangerous views held by Oathkeepers:

Jan 17, 2012 11:47 AM

If peripheral Euro states really want to boost their economies, the smartest thing they could do right now is collateralize government assets to attain LTRO loans from the ECB. They can then use the loans to finance fiscal stimulus programs to boost aggregate demand. Italy for example, has a lot of gold sitting in a vault which isn't being used. If they were smart, they'd be pledging it as collateral to the ECB to finance domestic spending.

Jan 17, 2012 11:59 AM

Yes, because the ECB has a duty to save large sovereigns and banking entities that are vital for global economic progress. Sorry to break it to the zerohedge community but some countries and banking institutions are simply TOO BIG TO FAIL.

Jan 17, 2012 4:16 PM

Dr Mugabe has taken WAY too much heat for the economic problems in Zimbabwe. The truth is that Mugabe is a FREEDOM FIGHTER who drove the nasty right-wing Rhodies over the border, so that the farmland could be distributed EQUALLY for enjoyment by all. This has been a painful transition but it has built the path to a more equal and prosperous Zimbabwe.

Jan 17, 2012 8:59 AM

Jan 17, 2012 9:14 AM

No, the doomer day traders are living in a dream world. In their world, respected government officials are somehow making 'devious' and 'corrupt' deals behind closed doors, top Ivy League economics professors and Nobel Laureates don't understand the global economy, and United States dollars are just "pieces of paper". Lol keep dreaming, because everything is under control and when the dream ends I will be the winner.

Jan 17, 2013 10:38 AM

We need to be spending more, not less. People expect welfare and social security, and there ain't no way they're giving these material posessions up to ease the burden "future generations". Young people are spoiled and need to be taught a lesson about personal responsibility. Young people don't understand anything about what it means to bust your ass for 5-8 hours a day in some lousy school or police department. Those pensions are written into legislation you little rascals, so don't even THINK about taking them away from us. And as for social security - it's running at a SURPLUS of IOUs, so don't even think about touching that either!    

Jan 17, 2017 12:23 PM

I’m glad to see the NYT is refocussing on its priorities. Covering Trump is the absolute most important thing they can be doing right now. Trump’s every move needs to be criticized, and everything that goes wrong from now on needs to be squarely blamed on Trump. This will no win over hearts and minds and re-establish the NYT as America’s leading newspaper

Jan 17, 2017 12:27 PM

‘Insiders’ by definition are more successful than all the basement dwellers on this site, and progressives are far more likely to have government jobs than conservatives, which pay much more and have much greater benefits and perks than private sector jobs. It’s conservatives who are the real losers, who reminisce for dirty hands-on manufacturing jobs instead of jobs in the service sector, app development and blogging.

Jan 17, 2017 6:08 PM

Wikileaks should be classified as a terrorist organization. They have fundamentally undermined American democracy by releasing confidential Democratic party emails, most likely hacked by the Russians, and using them to get Trump, a Russian spy, elected president. Anyone who aids and abets Wikileaks needs to be jailed for life, and Obama just needs to go ahead and declare war with Russia by executive order!

Jan 18, 2012 10:37 AM

Give me a break. Once Americans start saving and putting the squeeze on Chinese exports, the Chinese come back with their tails between their legs and ramp up their treasury holdings. If the world really thinks they can do without the hearty American consumer, they need to think again.

Jan 18, 2012 12:09 PM

Top tier investment banks, elite hedge funds and select prop firms are more concerned about the calibre of the candidate than the specific area of education. The educational institution is of particular importance - graduates of colleges such as Harvard, MIT, Carnegie Mellon and Princeton will have a significant advantage over candidates from mediocre colleges. These institutions like to hire natural leaders who have demonstrated exceptional initiative both in the classroom and in their personal lives. Successful candidates tend to be top of their class, head of the investment club, national chess champions or Olympic athletes. These institutions are serious about hiring and developing future talent, and they want the best of the best only,

Jan 18, 2012 12:38 PM

There's no need to be ashamed. These elite institutions offer highly desirable compensation packages, with benefits far exceeding those of the average employee. Places are limited and compeition is fierce, so not everybody can be guarenteed a place.

Jan 18, 2013 2:30 PM

This is a result of America's total ignorance of all the healthy products available out there. I'm now a full-time Herbalife distributor. If any of you want to see  the fantastic products that herbalife has to offer, please PM me. It's so cool to be able to spread these awsome products and spread the Michelle Obama health revolution!

Jan 18, 2013 2:55 PM

I made some serious cash going long S&P futures in 2012 (!), and I'm predicting that 2013 is going to be an even better year for the markets. But don't get me wrong, I reserve only a small portion of my risk capital for speculative positions in futures and options. The majority of my money sits in risk free US treasuries, whereas the bulk of my risk capital lies in a well-diversified equity fund managed by some of the brightest money managers out there. These professionals use 'Modern Portfolio Theory' to make sure that historical returns in my porfolio are uncorrelated; guaranteeing steady returns with little to no risk and securing my retirement. I think about the long term, not just the short term. And that's why I trust my money with only the best of the best.

Jan 19, 2012 10:53 AM

Looks like Romney has this one in the bag, although he's a little to far to the right for my liking. I do however like his strong stance on the war on terror.

Jan 19, 2015 10:10 AM

I say bring it on. America's consumer economy is impervious to oil price shocks, and as a net importer of oil we actually stand to benefit. Plus in my opinion fracking should be banned outright, and this price decline is doing god's work for the environement. 

Jan 19, 2015 10:13 AM

My only worry is that cheaper oil prices will discourage governments from investing in green technologies. We've made so much progress in the fight against climate change over the last 10 years, and it would be absolutely disastrous if this caused us to lose momentum and continue to rely on oil as our primary energy source. 

Jan 19, 2015 10:25 AM

Have all central bankers completely lost their spines? This is absolutely unacceptable. This is a time when central bankers are supposed to be leading the way and setting out clear reliable policy plans. How are investors supposed to invest when our monetary leaders can't stick to their plans? This is very concerning and in my opinion calls for new monetary leadership, not just for Japan, but for the entire global economy. We desperately needa unified monetary and fiscal leadership, and I fear that the only solution may be further political integration. Idieally this would be in the form of some global policy making institute which operates above the nation states, allowing us to drive meaningful economic change at a global level. 

Jan 20, 2012 4:53 PM

This is simply a flight to safety. Investors are finally waking up to the fact that the dollar is the ONLY true safehaven that can protect you and your family during financial turmoil.

Jan 20, 2012 6:21 PM

Silver is a dangerous market that has absorbed countless naive and trusting lemmings. People should know better than to trust a bunch of conspiracy theorists, right-wing extremists and other fringe lunatics to give them sound investment advice. 

Jan 20, 2012 9:58 AM

Sorry but this article is bullshit. The financial services industry forms a large part of our economy and our top tier investment banks make markets in securities around the world. A bankruptcy of one of these institutions would be a complete disaster and would cause havoc throughout the global economy. Sorry, but the truth is that these institutions are simply TOO BIG TO FAIL.

Jan 20, 2015 10:53 AM

I'll tell you what is real: poverty and wealth inequality. Wealth inequality has reached staggering levels over the last 50 years. Some studies show that oportunities for the poor in both the workforce and in higher education have dminished significantly over the last couple of decades. Schools in poorer areas still perform well below the national average, keeping the cycle of poverty in full force. In addition, the number of low skill job vancancies has also been on the decline, diminishing opportunies for the poort to enter the workforce. 

Jan 20, 2015 10:55 AM

.

Jan 20, 2015 11:44 AM

The indecision and lack of conviction from our monetary leadership is very worrying. We desperately need a unified global monetary policy in order to effect lasting economic changes in the global economy. I fear that if our leaders cannot come to a concensus on what is needed for world economy, we may be forced to set up a global governing body with the power to override the decisions of the nation states. This will allow us to enact monetary policy at a global level and create economic stability and growth across the globe in the most efficient manner possible, although it will also come with a loss of sovereignty and will be widely resented by nationalist and right-wing interests.

Jan 20, 2015 12:38 PM

The indecision and lack of conviction from our monetary leadership is very worrying. We desperately need a unified global monetary policy in order to effect lasting economic changes in the global economy. I fear that if our leaders cannot come to a concensus on what is needed for world economy, we may be forced to set up a global governing body with the power to override the decisions of the nation states. This will allow us to enact monetary policy at a global level and create economic stability and growth across the globe in the most efficient manner possible, although it will also come with a loss of sovereignty and will be widely resented by nationalist and right-wing interests.

Jan 20, 2015 12:45 PM

I'm increasingly converned about the threat of cyberterrorism as rogue states and terrorist goups continue to develop ever more sophisticated strategies that target confidential data belonging western governments and corporations. Our governments are hopelessly unprepared to deal with this ever growing threat, and in my opinion we need to think seriously about our anti-hacking strategy and how we regulate the internet and other network protocols.

Jan 20, 2015 12:46 PM

The indecision and lack of conviction from our monetary leadership is very worrying. We desperately need a unified global monetary policy in order to effect lasting economic changes in the global economy. I fear that if our leaders cannot come to a concensus on what is needed for world economy, we may be forced to set up a global governing body with the power to override the decisions of the nation states. This will allow us to enact monetary policy at a global level and create economic stability and growth across the globe in the most efficient manner possible, although it will also come with a loss of sovereignty and will be widely resented by nationalist and right-wing interests.

Jan 20, 2015 12:54 PM

We need monetary union now. It's time for those who care about the global economy to stand up and say enough is enough.

• We want jobs
• We want economic stability
• We want access to cheap credit
• We want consistent investment returns
• And most of all .. we want our freedom

If you believe that a global governing body that answers to and repreesnts the people is the only answer, then stand up for your rights NOW and put an end to this madness!

Jan 20, 2017 10:47 AM

China is leading the way in censoring fake news. Now that America is run by a fascist, it’s up to China to show us the way forward and dominate global politics. Progressive Americans stand with CHINA against Western fascism!

Jan 20, 2017 8:48 AM

The Accredited Times will be following this inauguration closely, and discussing the possibility of an extended term for the Obama administration if something ‘unfortunate’ were to happen at the inauguration. We’re not calling for terrorism – we’re simply stating that if something where to happen to Trump, the outcome might not be so bad for progressives.

Jan 20, 2017 9:00 AM

It's interesting that I'm routinely accused of disrupting threads, and yet all I do is write a single comment here and there. The rest of it is every body else's doing. The chaos that a single dissenting comment causes on this site is evidence of how frighteningly inept you people are at dealing with opposing opinons.

Jan 20, 2017 9:02 AM

Trump is a threat to democracy! We need to shut down Trump’s inauguration to save democracy!

Jan 20, 2017 9:27 AM

I don’t personally support Trump’s inauguration, and numerous polls indicate that many other Americans don’t either. The government should listen to the people, and suspend Trump’s inauguration! Just like in the UK, where millions signed a petition for a second referendum on the EU, millions of Americans have stood up to Trump’s fascism and said enough is enough. It’s time to restore democracy by suspending Trump’s inauguration and holding a second election, this time without Russian intervention!

Jan 21, 2013 10:24 AM

President Obama's Inaugural speech brought a tear to my eye. I am so happy that president Obama was able to overcome the viciously hurtful and outright abusive attacks from the right. This nation has voted for another four years of change and progress. This IS the progressive revolution, and there's NOTHING right-wing reactionaries can do to stop it. 

Jan 21, 2013 2:35 PM

Government wins and we lose? Seriously? ... *snigger* Hey, have any of you libertarian morons heard of democracy by any chance? In a democracy, the government represents the will of the people. The interests of politicians are aligned with the majority of the voting population. It is impossible for a politician to profit at the expense of a responsible citizen. If you don't vote, then that's your problem, idiots. Businesses, on the other hand routinely profit at the expense of customers and workers. If a company sells me a good or service, I have to pay for it. If a company hires me, I have to work at their wage and according to thei time preferences.That's not freedom, that's slavery. Only politicians can provide us with genuine freedom and true happiness.

Jan 21, 2013 2:44 PM

So?? Unlike libertarians, the majority of the population understands basic economics. If America's largest banks had been left to fail, this would have caused an economic recession which would have cost America millions of jobs. Thanks to actions of our congress and Federals Reserve, our stock market is soaring, the housing market is recovering and green shoots are appearing all throughout the economy. Businessmen don't care about jobs or America. The free market is about profit, and nothing else Politicians run for office to help people, and not for personal gain. But libertardians are so obsessed with romantic fantasies of 'liberty' and perfectly functioning 'free markets' that they cannot see this basic reality.

Jan 21, 2014 10:22 AM

I find the whole gold manipulation story quite amusing. Every narcisist has a reason why he or she cannot or should not lose. The narcisistic gold investor is no different. At every turn of the market, he is either vindicating his ridiculousl elaborate conspiracy theories or crying about the powers that be 'confiscating' his unrealised profits. Every investor hates to lose, but goldbugs are a special kind of loser. They're not just bitter about losing, they genuinely convinced that the universe owes them a return.

Jan 22, 2013 5:04 PM

Sarkozy is a right-wing extremist. It doesn't surprise me one bit that Sarkozy is refusing to let Hollande redistribute his property for the common good. Like all right-wingers and big-shot businessmen, he is driven by selfishness. There is more to life than keeping 100% of your property. People need to learn to be less materialistic and let politicians take just a little more in order to spread virtue and happiness.

Jan 22, 2013 5:26 PM

Boo hoo, cry me a river. You can afford to pay more. If politicians were able to take just a little more, there would be a global revolution in poverty reduction. It's time to end poverty once and for all. No more excuses - everyoen needs to do their part and give the politicians what they need - STARTING TODAY.

Jan 22, 2015 11:54 AM

These measures are hopelessly insufficient. I was expecting significantly more from the ECB, and I'm certain that the measures in this bill simply aren't going to cut it. Europe desperately needs to oil its economy with liquidity programs and end its harsh austerity measures once and forall. Contrast Europe to the US, where austerity measures have been consistently rejected by congress and a series of strong monetary and fiscal stimulis programs have been put into effect. America's economy is growing, while the European economy continues to suffer. When will Europe learn?

Jan 22, 2016 1:16 PM

Next thing zerohedgers will be joining the "Fluoride is a Poison" crowd, which is the most idiotic thing I've ever heard. Every accredited dentist and doctor in the world will tell you that fluoride is a beneficial mineral that is essential for optimal dental health, yet the libertarian conspiracy community would have you believe that it's as toxic as nuclear waste. Tap water is perfectly healthy, and in fact filtering your water can be very dangerous as it removes many of the water's essential minerals and leave you with a nutritional deficiency. Studies have shown that people who drink tap water are the healthiest among us.

Jan 22, 2016 1:21 PM

Yes ISIS is a problem, but they are not our main concern right now. Right now our primary conern is the alliance between Russia and the Assad regime that threatens our national security and global peace. 

Jan 22, 2016 1:26 PM

Actually, lead is very beneficial in small amounts. I bet you're one of these anti-vaccine people, who still thinks there's a link between vaccines and autism, despite this claim being thoroughly discredited by medical researchers. Quite frankly, not vaccinating your children is child-abuse, as you are exposing them to horrible but preventable diseases. Is see no reason why parents who refuse to vaccinate their children should be treated any differently by child protective services than abusers and paedophiles.

Jan 22, 2016 1:29 PM

There's nothing wrong with accepting science-based medicine, instead of conspiratorial natural and alternative health nuts. I'm regularly taking three different pharmaceuticals at the moment, and I'm proud of it. I'm absolutely 100% confident that I'm going to live longer than all of you freaks.

Jan 22, 2016 10:59 AM

WHAT THE HELL IS OUR FEDERAL RESERVE DOING?? Investors have invested everything in the global recovery, and we're getting absolutely NO HELP whatsoever from Yellen! Where is the quantitative easing? where is the fiscal stimulus? YOU CANNOT JUST TURN YOUR BACK ON PEOPLE WHO HAVE STOOD BY THE ECONOMIC RECOVERY AND INVESTED EVERYTHING THEY HAVE.

Jan 22, 2016 12:15 PM

New article over at the Accredit Times that I strongly urge everyone with a shred of compassion to read. The Syrian refugee crisis is out of hand, and Germany cannot deal with it along. It the responsibility of EVERY western country to do their part and make a home for these destitute and helpless people.

Jan 22, 2016 12:53 PM

Zerohedgers are so confused about world affairs, it's actually quite amusing. In case you've forgotten, Saudi Arabia is our ally in the war on terror and is helping to rid the middle east of terrorists and brutal dictators. In any case, it's a little rich for the west, with it's long bloody history of colonialism, to criticize a muslim country for its war tactics. How about you read today's article at the Accredited Times, detailing the long list of atrocities commited by the west and why it is the moral obligation of every western country to help the millions of Syrian refugees.

Jan 22, 2016 3:16 PM

If we're going to talk about foreign holdings of our treasuries, let's at least be honest: dumping US treasuries is an ACT OF WAR. We have a consumer economy and low interest rates are an essential part of our economy. We need to take immediate and ruthless action against anyone who dares to sell our treasuries in any significant size. It's a national security issue, pure and simple.

Jan 22, 2016 4:17 PM

This is exactly what I predicted - right wingers are using the recent terror attacks to justify their islamaphobic views and spread their hate-filled message. This is why people like Donald Trump are so dangerous - they retaliate to these terror attacks with racism against all Muslims, which simply flames the war and provokes even more attacks. We need to be sensitive to the vast majority of peaceful Muslims in order to avoid repercussions and blowback.

Jan 23, 2012 10:22 AM

This is Obama's chance to turn things around. He made a good start by introducing strong and decisive fiscal stimulus programs, but lately his efforts have been lacking somewhat which explains the recent poor economic performance. The ability of congress to introduce meaningful fiscal stimulus programs has also been hampered by the Federal Reserve's recent hawkishness as well as childish disputes over raising the debt ceiling.

Jan 23, 2012 11:57 AM

The SPLC has been warning about trouble makers like Rand Paul for a long time now. They were mocked and derided by the libertarian community at the time. Well, look who's laughing now.

Jan 23, 2012 12:04 PM

Well call me crazy, but I like feeling secure when I'm travelling by air. Do you seriously think we can just let any potential terrorist fly without proper security measures? LOL. Let me guess, you're another PURIST libertarian who doesn't want ANY pat downs or body scanning at airports. Sorry but the world is not black and white, it comes in SHADES OF GREY.

Jan 23, 2012 5:59 PM

One of the major barriers to global economic prosperity has been the lack initiative by central banks and primary dealers to encourage credit expansion and promote aggregate demand. This is partly due to what I quite frankly see as blatant discrimination by our Federal Reserve against primary dealership for many global financial institutions. Did you know that Bank of America, despite its reputation as a banking titan, is not even a primary dealer? The same is true for many other top investment banks around the world, who are perfectly capable of promoting credit expansion. This is 2012, and there is no place in our society for this blatant discrimination and inequality. It’s time to promote equal opportunity for primary dealership among top tier investment banks.

Jan 23, 2012 6:16 PM

I fervently disagree. Primary dealership is a job for professionals in the financial field. You can’t just hand over monetary policy to the general public – that is pure madness.

Jan 23, 2013 3:50 PM

The most apalling thing about Africa is that many kids simply don't have access to government schools with official curriculums. The very first thing America needs to do is work with African governments to get these children educated. Africa needs proper forward-thinking curriculums, covering a wide range of issues from how to take care of the environment to social studies and even politics and government. But for goodness' sake, let's get these kids educated. 

Jan 24, 2012 11:14 AM

I’m glad to see that world leaders are finally cracking down on rouge rating agencies. This consistent pessimism is immensely damaging to confidence in the global economy, and is a serious risk to the balance sheets of some of the world’s largest financial institutions. Trouble makers like Fitch and S&P need to learn that top tier investment banks and peripheral Euro states are simply TOO BIG TO FAIL.

Jan 24, 2012 12:54 PM

Wow. I have never read such amazingly delusional propaganda. The SPLC has already exposed the alternative market project for their affiliation with the right-wing extremist group "Oath Keepers". Oath Keepers are known to associate with both conspiracy theorists and confederate racists. This is not a credible group at all.

Jan 24, 2013 10:44 AM

Guys, I think I need some help. As you may know, I recently quit my job to become a full-time herbalife distributor. Over the last three weeks I've been stocking up on Herbalife products and I'm itching to make a sale. So far, I've managed to signed up two relatives and a friend onto the distributor program, but the sales just aren't happening and I'm starting to become a little unnerved. Could any of you please buy just one or two Herbalife products from me? I assure you that the products are top quality - I wouldn't have quite my job if I didn't believe in this company's products and message. I realize I have been something of a contrarian on this site, but we're still friends at the end of the day. Please, just help me out this one time.

Jan 25, 2012 5:03 PM

Silver hasn’t even regained support at 35 dollars, EVEN after such a dovish FOMC  – that is a complete JOKE. **LOL**

Silver supply is literally SURGING with these inflated prices. Producers can’t wait to off-load their expensive silver into the greedy hands of redneck silverbugs. It’s only a matter of time before silver reaches FAIR VALUE at $18/oz, much to the dismay of redneck doomers and conspiracy theorist lunatics.

Jan 25, 2012 9:56 AM

What's all the fuss about? I though it was a good speech. My only criticism is that he made no guarantees concerning further fiscal stimulus and welfare spending. President Obama needs to reassure the American people that there will be NO cuts to social security, Medicare or Medicaid and that he will bring the budget under control by improving EFFICIENCY of government rather than cutting spending.

Jan 25, 2013 2:45 PM

Good news – this morning I managed to sign up two more people on to the Herbalife distributor program. At this rate, my Herbalife status will be elevated and maybe I’ll even qualify for a sweet holiday package! Also one of the ladies I signed onto the program bought a meal replacement shake – my first sale! You’ll never believe it though – three of the random people I approached also turned out to be Herbalife distributors. What a coincidence! Beats me ... Anyway, if anyone wants to buy the products, please PM me. My garage is loaded with stock and I’m always looking for new customers and distributors.

Jan 25, 2016 10:13 AM

This is what we get for allowing right nationalists to promote their islamaphobic racist views that target the vast majority of peaceful Muslims. We simply cannot forge peaceful relationships with Islamic countries if conservatives are constantly attacking and offending the Muslim community. This hatred and racism simply has to stop!

Jan 25, 2016 11:16 AM

This kind of incident, although very unfortunate, is a necessary side effect of scientific progress. Not only does genetic engineering  promise to yield better food, better medicine and better humans; it is also going to be a large part of our future economy. Those who oppose scientific progress are not only denying millions of people a better healthcare and nutrition, they are also denying us economic growth and job opportunities. 

Jan 25, 2016 11:21 AM

Yellen needs to step up or leave her current position as Fed Chairwoman. Literally trillions of dollars worth of investments have been invested on the assumption that she had investors' backs, and for her to simply abandon these investors is inhumane and a crime of epic proportions . We desperately need investment in this country, and hawkish policies do absolutely nothing to encourage investment in our stock and bond markets. How exactly are we supposed to sustain this economic recovery without the proper incentives to invest in our markets?

Jan 25, 2016 12:07 PM

So Texas is finally realizing that trickle down economics doesn't work? Who would have thought? 

Jan 25, 2016 12:44 PM

We're currently paying the price for not building our green energy industry while the oil price was high. A clean energy sector would be impervious to oil price shocks and would be a steady employer through both good times and bad. It's too bad that countries like France and Germany beat us to it.

Jan 26, 2012 1:23 PM

The ball is in Obama's court now. He needs to reach out to dissident republicans and convince them of the moral case for increased spending.

Jan 26, 2012 1:28 PM

It's easy to quote scary sounding debt figures without any context, but what is this debt financing. The truth is that it is financing roads, bridges, schools and support programs for the poor. The government has a MORAL responsibility to provide these things, even if it means borrowing from future generations of unborn children. When these children grow up with the fruits of a compassionate government, they will thank congress for their wisdom and kindness.

Jan 26, 2012 1:39 PM

Jan 26, 2012 1:55 PM

This isn't some third world country like the Congo or India! We are Americans and we deserve AMERICAN WAGES, no matter what value you place on our hard work. The minimum wage has brought prosperity to millions of people, and raising it would improve living standards further still.

Jan 26, 2012 5:59 PM

This is bullshit. PURE MANIPULATION. There is NO WAY financials can perform so badly after a dovish FOMC.

Jan 26, 2012 7:35 PM

“By this, I do not mean gold “backed” paper bonds.“

But why? This is a much better idea. Many US citizens are hoarding gold rather than investing in the economy. Why not let them pledge it as collateral for loans from our Federal Reserve? This would boost aggregate demand and facilitate credit expansion, which in turn would boost retail sales and stimulate the economy.

Jan 26, 2012 8:12 PM

Glad you agree. I would also add that silverbugs are doing particular damage to the economy by hoarding a purely industrial metal. Hoarding silver causes the cost of living for many hard-working Americans to rise by keeping prices artificially high. 

Jan 26, 2015 10:56 AM

Scientists and environmental activists have been warning about disastrous weather events such as this for decades, but the far right still refuses to listen. Climate change deniers are literally sacrificing the entire future of the planet and creating a living hell for third world countries and future generations. It's easy for rich white privileged Americans to say they don't care about the consequences of climate change, but people in developing countries aren't so fortunate, and will have to put up with increasing droughts, floods and hurricanes because of our reckless burning of fossil fuels. I wish these right wing bastards could see the damage they're doing to our beautiful planet - maybe they'd find some compassion in their hearts and finally show some support for the bills we have been trying to pass for so long.

Jan 27, 2012 7:29 PM

I understand you're being facetious but you actually bring up a valid point. What doomer libertarians fail to understand is that the investment our government is making is multigenerational, and will be paid down by future unborn generations. Bernanke is capable of keeping interest rates low so that the debt can be paid down slowly by many generations, with minimal impact on the economy.

Jan 27, 2012 7:58 PM

I genuinely worry when I see economic illiteracy like this. You do realise that our Federal Reserve is able to buy our bonds right? You realise that China is dependent on our consumer economy right? This is obvious to all apart from doomer conspiracy theorists and redneck silverbugs.

Jan 27, 2012 8:29 PM

The Chinese have an export economy, whereas we have a consumer economy. Our economy has a strong retail sector with ample government assistance for consumption, including generously low interest rates. The Chinese simply don't have the stomach to match the hearty American consumer. If they did, they would have a consumer economy like we have.

Jan 27, 2014 3:30 PM

This type of event is exactly why we need a global government with strong legislative and executive powers over the nation states. How are we going to manage a global disaster of these proportions when we can't even pass a global tax on carbon emissions? I detailed the preperations that every government should be making in anticipation of a global disaster in my article at the Accredited Times, "Are We Equipped for a State of Emergency?". If I had to answer that questions today, I'd sadly have to say that we are far from prepared. Movies like "World War Z" indicate the logistical challenges that will be required by our governments in order to manage a disaster of this scale. We urgently need a set of global emergency protocols that allow us to declare a state of global martial law and swiftly escort people to designated safety camps during such an event. I fear that if we don't act soon, it may be too late, and the world may be caught unprepared in an event that could change the course of history. 

Jan 27, 2014 3:43 PM

Lol suckers. These workers should have taken a job with the government. Government workers smash private sector workers in almost every category: wages, benefits, pensions, work/life balance, time off, and most important of all, happiness. Too bad the majority of Americans have no sense of duty and would rather chase fortunes in the private sector. Serves them right in my opinion.

Jan 27, 2014 3:46 PM

There has never been a better time to work for the government. If you're slaving away in some dead corporate job, I strongly suggest you look for a position in the government. Applying for a government job has never been easier, especially if you're a woman or a minority.

Jan 27, 2015 12:34 PM

Scientists and environmental activists have been warning about disastrous weather events such as this for decades, but the far right still refuses to listen. Climate change deniers are literally sacrificing the entire future of the planet and creating a living hell for third world countries and future generations. It's easy for rich white privileged Americans to say they don't care about the consequences of climate change, but people in developing countries aren't so fortunate, and will have to put up with increasing droughts, floods and hurricanes because of our reckless burning of fossil fuels. I wish these right wing bastards could see the damage they're doing to our beautiful planet - maybe they'd find some compassion in their hearts and finally show some support for the bills we have been trying to pass for so long.

Jan 27, 2015 3:09 PM

The 21st century has seen a shocking rise in cyberterrorism targeted at governments, corporations and innocent citizens. The internet is an unregulated playground, where hackers can do as they please and intolerant cyber-bullies and trolls can torment their victims without fear of repercussions. Our politicians are mostly of the older generations, and they do not truly understand the internet and its dangers to society. We need a new generation of cyber-police, sourced from the best most upstanding technologists of generation X. This group of young men and women should be tasked with designing and enforcing a bullet proof regulatory framework that monitors internet traffic and reports all malicious activity directly to law enforcement. We will then be able to enjoy the good parts of the internet, like reading the news, watching movies, online shopping and emails, without having to worry about the cyber-criminals that currently run free in the virtual wild west that is today's internet.

Jan 27, 2015 3:10 PM

The 21st century has seen a shocking rise in cyberterrorism targeted at governments, corporations and innocent citizens. The internet is an unregulated playground, where hackers can do as they please and intolerant cyber-bullies and trolls can torment their victims without fear of repercussions. Our politicians are mostly of the older generations, and they do not truly understand the internet and its dangers to society. We need a new generation of cyber-police, sourced from the best most upstanding technologists of generation X. This group of young men and women should be tasked with designing and enforcing a bullet proof regulatory framework that monitors internet traffic and reports all malicious activity directly to law enforcement. We will then be able to enjoy the good parts of the internet, like reading the news, watching movies, online shopping and emails, without having to worry about the cyber-criminals that currently run free in the virtual wild west that is today's internet.

Jan 27, 2015 4:10 PM

This the beginning of World War III. First, Germany tried to take over the world with military force, but this time they are conquering countries with austerity. Meanwhile, the hedge funds have allied with Germany in their quest to conquer Europe, and speculators continue to hammer the peripheries with an artillery of credit default swaps and short selling of government debt. Stop this madness! Ban speculation and bring back Europe’s social safety nets. NO MORE AUSTERITY!

Jan 28, 2013 4:26 PM

WARNING: Bitcoin is a SCAM. Bitcoin is an idiotic experiment which proves that a non-centrally planned currency is simply unfeasible. Bitcoin is highly corruptible as it is 100% computerized, unregulated and unmanaged. What if somebody cracks the code to your wallet? What if the code breaks? Libertardians never consider intricate details like this because they are too simplistic. The libertarian dream of perfectly functioning ‘free markets’ is a ridiculous fantasy. The only way to ensure peace and happiness is to delegate responsibility to democratically elected politicians with the skills, experience and education to manage complex social and economic issues.

Jan 28, 2016 10:41 AM

When will precious metals fanatics realize that we are in a BEAR MARKET for gold and silver? It's quite amusing to watch goldbugz and silverbugz pour infinite amounts of money into this black hole and keep coming back for more. There is no 'manipulation' in the gold and silver markets - just admit it, you're terrible investors with no formal education in economics and that's why you keep losing.

Jan 29, 2014 10:56 AM

This is trading 101 people - the trend is your friend. Don't ever trade against the trend unless you want to get smoked. Gartman and the sell side analysts are experts who have been playing this game at a professional level longer than any of you losers have been trading single shares with your unemployment benefits. Dismiss his advice at your own expense.

Jan 29, 2015 10:40 AM

This the beginning of World War III. First, Germany tried to take over the world with military force, but this time they are conquering countries with austerity. Meanwhile, the hedge funds have allied with Germany in their quest to conquer Europe, and speculators continue to hammer the peripheries with an artillery of credit default swaps and short selling of government debt. Stop this madness! Ban speculation and bring back Europe’s social safety nets. NO MORE AUSTERITY!

Jan 29, 2015 11:49 AM

HAHAHAHA!! TAKE THAT YOU FRACKING BASTARDS!!

Jan 29, 2015 11:52 AM

Fracking is DONE. I'm telling you it's DONE. This is the beginning of an environemental revolution - we are taking this country back from the corporations once and for all. Coal and natural gas - you better watch out because you're next. We won't stop untill every one of these motherfuckers is destroyed.

Jan 29, 2016 10:37 AM

This hate just has to stop!! Of course these poor migrants are not going to integrate into a new culture immediately - it takes time! And we in the west need to have patience and understanding. These migrants have every right to hate us - we have raped and pillaged so many countries around the world including many in the middle east, and we owe it to the world to do something good for a change. It's difficult for white people to understand this, but listen to anyone from another ethnic background and they will tell you how it feels to be oppressed by the west. We need to approach this issue with empathy and compassion, or we will do nothing more than fan the flames of hatred.

Jan 29, 2016 11:46 AM

This is the biggest investment in our healthcare system from any president in history, and you right-wing morons are upset about it? This investment is going to get people the medical care they need to be fully productive and really take our economy to the next level. Many down-trodden groups in America such as minorities are uninsured and unable to fully contribute to the economy because of this. The ACA will ensure that these people get the healthcare they need so that they can be more successful in the marketplace. This ACA isn't there simply to insure the uninsured - it's also part of Obama's long term strategy to make our economy stronger and more robust.

Jan 29, 2016 8:59 AM

It's about time that these white terrorists got what was coming to them. - I don't care how long these 'ranchers' (do people really still have jobs like that?) have been on this land - it belongs to everyone now, and it is unacceptable to use publicly owned land for personal profit, pure and simple. These people need to move into the 21st century and get a real job like everyone else - 'Ranching' is not a real job.

Jan 3, 2012 12:43 PM

This is a classic bull trap. It's tragic to see these lemmings buy into this bubble like sheep to the slaughter. They just never learn.

##Sigh##

Jan 3, 2012 12:58 PM

I am a buy-and-hold equity investor. I am happy to leave the trading to the professionals at top tier investment banks. These people are veterans and pros who laugh in the face of pathetic doomer day traders on zerohedge.

Jan 30, 2012 10:57 AM

While doomer rednecks obsess over this drivel, along with nascar and monster truck racing, top nobel prize winning economists economists are working tirelessly to correct our economic problems. Maybe one day doomer libertarians and silverbug conspiracy theorists will see this dichotomy and learn to respect their ELECTED leaders.

Jan 30, 2012 12:40 PM

You SEE? This is what happens when governments cut spending too much and too fast. The European economies are collapsing into the void that was once filled by essential government services. Europe demands FREE education, FREE healthcare, more desirable working conditions, remuneration and benefits packages. This is the beginning of the progressive revolution. We need to give power back to the people by allowing the government to distribute resources as they see fit.

Jan 30, 2013 10:02 AM

This is just short term noise. The stock market has shrugged off this insignificant news and will soon be making its way to new all time highs. Professional fund managers recognize that despite this minor set-back, the long term fundamentals for the US economy are overwhelmingly positive. Here are just a few of the endless positive indicators for our economy:

1. A strong housing recovery
2. A rising stock market
3. A plunging VIX
4. Record low interest rates
5. Record low inflation
6. Record number of college-educated Americans

When will masochistic doomer libertarians on this site recognize that they are simply wrong about economic collapse and the impending apocalypse? When will goldbugs, silverbugs and bitcoinbugs realize that their dreams of becoming kings of the universe will never materialize?

Jan 30, 2013 4:55 PM

Today’s GDP figure was actually a result of Trickle Down Economics and deregulation, which Santelli supports. You idiots need to read a bit of economics and history before you pretend to understand the economy. Look up toxic derivatives and read up on the OWS movement. You morons have a lot to learn, I'm afraid.

Jan 30, 2013 9:58 AM

This is just short term noise. The stock market has shrugged off this insignificant news and will soon be making its way to new all time highs. Professional fund managers recognize that despite this minor set-back, the long term fundamentals for the US economy are overwhelmingly positive. Here are just a few of the endless positive indicators for our economy:

1. A strong housing recovery
2. A rising stock market
3. A plunging VIX
4. Record low interest rates
5. Record low inflation
6. Record number of college-educated Americans

When will masochistic doomer libertarians on this site recognize that they are simply wrong about economic collapse and the impending apocalypse? When will goldbugs, silverbugs and bitcoinbugs realize that their dreams of becoming kings of the universe will never materialize? 

Jan 30, 2014 9:08 AM

There is actually a pretty strong case for boosting your stock price through buy backs and dividends. Whe, investors see that astock is doing well, they instinctively pile in, giving UPS that bit of extra cash it needs to make new investments. When UPS's stock price increases they can sell back the equity they bought and raise even more cash. It's an extremely savvy way to raise money in my opinion and I hope that the executives are rewarded handsomely if this works out.

Jan 30, 2014 9:34 AM

Why? If it's done in moderation and for the right reasons, it can be a truly powerful tool for any company.

Jan 30, 2014 9:37 AM

The bulge bracket investment banks are starting to get serious about pioneering green energy solutions. It's quite exciting to see Goldman Sachs purchase a stake in wind technology which is one of my favorite green technologies. Goldman Sachs was also one of the first banks to take part in an innovative carbon offset trading scheme, a concept that is responsible for offsetting millions of tons of CO2 every year. I'd really like to see more companies take the initiative and follow in the footsteps of companies like Goldman. We need the most powerful companies in the world to be part of the solution not the problem, and this in my opinion this is a giant step forward for humanity.

Jan 30, 2015 10:51 AM

I want to see the evidence linking this increase to the Affordable Healthcare Act. We need to be scientific about this and provide reason and evidence for all of our conclusions. This strikes me as sloppy journalism. I don't personally believe that these healthcare costs are the result of Obamacare - in fact, I believe that this increase in healthcare costs calls for even more legislation to make healthcare more affordable. 

Jan 30, 2015 11:04 AM

The Greek stance is nothing short of heroic. It's not their fault that corporations and governments helped them borrow such an insane amount of money. In my opinion the new Greek government should take a hard line with the EU. Firstly, Greece should settle for no less than a total debt write-off - anything else is simply unfair and outright fascistic. Secondly, Greece should demand compensation for the damage that other countries such as Germany, have caused to their country. This should be in the form of a grant to help rebuild Greece and get their economy back on its feet.  Finally, the rich simply need to pay their fair share - I'm tired of hearing how rich people are the ‘most productive’ and ‘provide jobs and capital investment’. BULLSHIT - All I see rich people doing is playing gold and having fancy corporate meetings, while everyone else struggles to make end's meat. Most of these bastards inherited their wealth anyway, or got lucky. 

Jan 30, 2015 11:23 AM

Well I definitely trust government studies more than hearsay. In my experience government committees tend to be highly objective and upstanding, and are actually cheaper than private research. 

Jan 30, 2015 4:25 PM

I also worry about the independence of our Federal Reserve, as monetary policy comes under increasing scrutiny. Our Federal Reserve was specifically set up to be independent. The creators of the Federal Reserve bank were wise, and new that politicians could not be trusted to separate their political motives from monetary policy. The separation of Federal Reserve and government has been one of the greatest decisions in this country’s history, and has led to some of the greatest economic growth and economic stability the world has ever seen. It worries me that voters and politicians increasingly believe that they should have a hand in monetary policy. Undermining the independence of the Federal Reserve could have dire consequences for the economy, and I hope that we are wise enough to see this before it is too late. 

Jan 31, 2012 11:46 AM

I trust that informed US citizens are analysing this data and making their own judgements right now, so that they can make informed and intelligent voting decisions in the coming elections. It is up to ALL Americans to make sure they monitor government spending and evaluate the statistical effectiveness of each spending program (discounted by opportunity cost) so that we can make objective voting decisions. This is how democracy should work. 

Jan 31, 2012 11:53 AM

Government decisions are trustworthy because they are monitored by a well informed public. The public are informed enough to monitor and evaluate all government decisions, however they are they are simply not informed enough to make the decisions themselves. It’s just common sense.

Jan 31, 2012 11:57 AM

PURE MANIPULATION

Jan 31, 2012 12:11 PM

Mis-allocation is a subjective term. You are simply assuming that all preferences are equally valuable in the market place. However I would argue that Nobel Prize winning economists have more valuable preferences than redneck Nascar fans. Yes, you heard me - I want resources to be allocated by PROFESSIONALS ONLY.

Jan 31, 2014 10:04 AM

Point take Tyler. But the financial state of the many of the silverbugz here is sadly far worse than the average American could even imagine.

Read today's article at the Accredited Times to learn about the narcissistic tendencies and sick masochism that characterize the silverbug mentality:

Jan 31, 2014 10:22 AM

This yet another reason why you should always store a good portion of your savings in high interest savings accounts and risk free US treasuries. The silverbugz who saw their disposable income fall this year are also sitting on huge losses – the last thing they need.

Read about the irresponsible attitude and narcissistic tendencies of one silver bug "Jack Riley" in today’s exclusive article at the Accredited Times:

Jan 31, 2014 10:39 AM

If anyone needs a bailout it's the silverbugz. But since they don't contribute anything to society our government is unlikely to condsider them. 

Jan 31, 2014 11:10 AM

As I've often said before, the University of Michigan is not an accredited Ivy League college, which for me casts some doubt on the credibility of this figure. You can' just trust every figure out there. Everybody needs a filter that ignores the less trustworthy sources in order to get a more accurate view of the economy.

Jan 31, 2014 11:19 AM

You can't sell them for as much as you could last year. Accountants count that as a loss, but for some reason silverbugz think they are invincible and that losses don't count for them.

Jan 4, 2012 4:15 PM

The upcoming election promises to be a riveting one. Mitt Romney is the clear frontrunner and looks to take on Obama in November. The key issue in the upcomming elections is going be the ECONOMY. Romney and Obama will have to start talking straight with the American people about their plans for getting this country back on track. Both candidates are going to have to answer some tough questions such as:

1. What do you plan to do about jobs?

2. How do you plan to help small businesses in America?

3. How are you going to promote alternative energies and reduce America’s dependence on foreign oil?

4. Can you GUARENTEE that there will be no cuts to Social Security, Medicare or the Defense Budget?

I don’t envy politicians right now. These are tough times to be leading the world, and the American people are rightfully demanding more from their governments because they want RESULTS.

Jan 4, 2012 9:36 AM

Key events to watch in 2012: 

The economy: Will 2012 be the year of recovery?

US energy policy: Will Obama successfully reduce America’s dependence on foreign oil?

GOP primary: Can Rick Santorum challenge Mitt Romney’s lead in the polls?

Europe: Will President Herman Van Rompuy resonate with the European people and achieve fiscal and monetary union?

Iran: Will Obama outline clear policy initiatives to protect Israel from potential threats?

Climate Change: Will G20 leaders finally devise global legislation for taxing excessive carbon emissions and achieve climatic equilibrium?

The US Deficit: Will congress outline a responsible plan for reducing the deficit, while at the same time ring-fencing key government functions such as social security, Medicare and National Defense? 

Jan 4, 2017 10:19 AM

I can’t believe Republicans want to repeal affordable healthcare! How can anyone be so heartless?

Jan 4, 2017 9:19 AM

Oh puleeeease! Assange is clearly a Russian hack who is covering for Trump. He even openly stated that he dislikes Hillary, and his ‘leaks’ during the campaign almost exclusively focused on Hillary and the democrats. I’m not a conspiracy theorist, but anyone with a brain who watches the news can tell that Russia was heavily involved in our elections and supports Trump. Trump got in because of Russia – that is the cold, hard truth. Unfortunately though, we now live in the era of post-truth and fake news, where sites like this can say whatever they want and get away with it. You people disgust me!

Jan 4, 2017 9:23 AM

Reports are coming out that Marine Le Pen is also working for the Russians. She suspiciously doesn’t see the need for retaliation to Russia’s aggressive expansionism, despite their blatant acts of aggression such as sailing through the English Channel and attempting to refuel in Spain. Only a psychopath or a Russian spy could oppose military action to stop Putin’s reign of terror. Just look at the images of the children in Aleppo! Putin is a monster!!!

Jan 4, 2017 9:27 AM

Interesting that this is the one thing the alternative media chooses to criticize Trump for. Appointing experienced financiers is probably the only thing he has done right. Now of course, it remains to be seen whether he will let them run the country as they see fit or micromanage them, but of all the things you could criticize him for such as racism, sexism, xenophobia, Islamaphobia and transphobia – appointing economic experts to positions of power is what upsets you? You right-wingers are something else!

Jan 4, 2017 9:41 AM

As many astute readers on here have pointed out, what if a meteor hits the earth and blows up every hard drive and network device in the world all at the same time? If that happened, your bitcoins would simply disappear, and that’s just not a risk I or any other sensible person is willing to take.

Jan 4, 2017 9:43 AM

I'm here to educate fools like you and bring some accredited news to this fake news website. Everyone knows that Tyler is a Russian agent working directly for the Kremlin. I'm just here to wake you up so that you don't go to jail when Obama declares a state of emergency and nukes Russia.

Jan 4, 2017 9:45 AM

Do you have a problem with xer being trans? If Michelle is trans, it's obvious why she has to hide it with rampant transphobia like this across the Western world!

Jan 4, 2017 9:51 AM

I don’t trust any organization that profusely criticizes Obama and Hillary. WikiLeaks sticks to high heaven of racism, sexism and Russian propaganda.  

Jan 5, 2012 10:28 AM

This is a perfect demonstration of the inherent political risks in backward countries like Italy. The US has have been able to ward off disasters of this magnitude with the advise of top economic advisors from institutions such as Harvard, Princeton, Dartmouth, Yale and MIT. People from all over the world flock to these world class institutions because they offer the most practical and groundbreaking academic instruction by the some of the most influential minds in the world. This is why I have long advocated setting up a world central bank which would help ALL countries get access to these brilliant minds. It simply isn’t fair that poor countries shouldn’t have access to top Ivy League economic advisors, and to suggest that this advice should be retained within elite western circles is quite frankly racist.

Jan 5, 2012 11:07 AM

I'm not taking to your anti-American sentiment, eureka. Our Federal Reserve is holding Europe together by a thread via USD swap lines and other liquidity backstops. As a born American, I take personal credit for this.

Jan 5, 2012 11:56 AM

On days like these we can feel truly proud of American congressional integrity. Corruption is rampant overseas and I'm glad to see that both Obama and Romney take a strong stance against corruption in the US. We MUST NOT allow this irresponsible behaviour to corrupt our congress or Federal Reserve, and it is up to all Americans to vote RESPONSIBLY int order to maintain this integrity.

Jan 5, 2012 5:40 PM

Rules like the debt ceiling are human constructs that do not exist in the real world. In reality, there is no limit to what America can borrow for the following reasons:

•  China: Because of their inferior appetite for domestic consumption, the Chinese rely heavily on hearty Americans to consume their vast exports. Consequently they must continue to buy our debt to finance this consumption or their export economy will implode.
• Quantitative Easing: The Federal Reserve Bank of the United States of America is an active player in the domestic bond market, and is able to purchase large quantities of debt in order to drive down yields and allow our government to borrow more cheaply.
• Keynesian Multipliers: The government can use credit to finance fiscal stimulus programs that increase GDP according to the Investment-Savings Curve:

          GDP Growth = Consumer Spending + Investment(interest rate) + Government Spending + Net Exports

I apologise for spoiling your doomer orgy with logic and facts, but someone has to tell the truth.

Jan 5, 2012 6:26 PM

No, they’re not. These methodologies are derived from empirical properties of the natural world, such as:

• Increased spending leads to increased prosperity

• Economic experts are able to allocate capital more efficiently and objectively than ordinary people

These theories are empirically verifiable by the fact that the Chinese continue to buy our debt, and interest rates remain low regardless of the size of the budget.

Jan 5, 2015 1:50 PM

Reading the endless conspiracy theories and vulgar, knee-jerk rants on this blog, one comes away with the impression of a group of angry prepers and zit-faced teenagers projecting their dissatsfaction onto the world by blaming senior and respected politicians and business leaders for every ill in the world. No wonder this blog isn't taken seriously by resputable media outlets and investment professionals. This oweners of this website and thier readers need to do some serious work on their credibility, or they risk becoming completely marginalised.  

Jan 5, 2015 2:03 PM

I feel it's my duty to educate and enlighten the misguided. Most of them won't listen, but maybe, just maybe, some of them will see the light, and that is worth the world to me. Nothing in this world is more rewarding helping people distinguish truth from falsehood, right from wrong, and good from evil. This is my purpose in life, and this is my calling. And that, my friends, is why I am here today talking to you.

Jan 5, 2015 2:11 PM

You make a good point my friend. Unlike many of my brothers on the left, I have always taken a strong stance in favor of government measures to support our financial system. We on the left want to help the needy, provide for the choice-less, helpelss poor, and make a real difference in the world. If we want to continue to make progress at the same rate as we have over the last 50 years, we need to ensure that the institutions underlying our economy are strengthened and reinforced in every way possible. A strong economy rests on a strong financial system, a healthy agricultural sector, a booming housing market, and well-financied government departments with happy, satisfied public servants. Each and every one of these pillars must be nurtured and supported, so that we have a strong economic, moral and social framework on which to build our future.  

Jan 6, 2012 4:35 PM

Excuse me? I assume you possess some form of financial qualification that empowers you to give such advise? If not, I think it's reasonable to at least provide a disclaimer stating that this unprofessional investment advice. Not only is this investment recommendation esoteric but it also runs contrary to the opinions of top investment analysts and find managers.

Jan 6, 2012 4:44 PM

These would be analysts at top tier investment banks, hedge funds and a few select prop firms. Examples would be anyone working at Goldman Sachs and JP Morgan to employees of elite quant funds like DE Shaw and Citadel.

Jan 6, 2012 5:17 PM

I don't know Kyle Bass's opinion on this investment recommendation, but I know for a fact that it is a minority view. In fact, in my experience people who expose this view are invariably conspiracy theorists with radical political ideologies of one form or another. I hate to say it, but I find it genuinely difficult to take the precious metals community seriously, however much I try.

Jan 6, 2015 1:21 PM

Yet more proof of the violent impulses of white males. White people have a long history of violence, colonial attrocities and oppression of other races. It's up to every white male to recognize these tendencies and actively work to supress his violent and racist urges, whether they be concious or subconcious, physical or cultural. In addition, if they have any integrity, white males should work harder to make reperations for the countless sins of their ancestors.  

Jan 6, 2015 1:22 PM

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Jan 6, 2015 12:46 PM

Good thing America is a net importer of Oil. This means good tmes are ahead for America! This is one of the major benefits of having a consumer economy - you are positioned to benefit as global commodity prices fall. 

Jan 6, 2017 10:01 AM

Give me a break, the 4chan trolls are known for rigging polls like this and showing up in disproportionately large numbers to vote on issues concerning Trump and Russia. You would have to be a MORON not to trust the CIA!!

Jan 6, 2017 10:08 AM

This is a good thing! We are so prosperous that our economy can support 95 million people in lives of leisure! Obama truly is a miracle maker. Trust me, when the economy crashes under Trump, you people will be wishing for the good old days of Obama!

Jan 6, 2017 2:31 PM

The blood of these people is on the hands of conservatives who steadfastly resist any attempt to introduce sensible gun legislation such as more extensive background checks, banning semi-automatics and limiting ammunition. These deaths occured because of YOUR IGNORANCE!

Jan 6, 2017 5:55 PM

Well I thought this report was extremely convincing. It states that reputable sources have confirmed that Putin personally ordered the Russian government to influence the elections! It also cites numerous pieces of evidence such as Assange’s ‘special relationship’ with RT, and RT’s favorable coverage of Wikileaks. I’m sorry but this whole thing with Russia stinks to high heaven! CLEARLY Russia is up to no good and had played a serious role in electing Trump. This election result needs to be overturned and we need to engage Russia in kinetic action. This is an act of WAR!

Jan 6, 2017 9:52 AM

Are you kidding me? Putin and many of his fans OPENLY celebrated Trump’s victory!! Russia needs to be nuked NOW, PERIOD!!!

Jan 6, 2017 9:53 AM

LOL, Trump is already going back on his promises!!! I feel sorry for Trump supporters who were duped into supporting him based on his blatant lies!! You guys got totally scammed, LOL!!! Hillary supporters are literally rolling in laughter at you losers!!!

#post-truth

Jan 6, 2017 9:58 AM

And that rounds it off, folks!! ANOTHER POSITIVE NFP FOR OBAMA!!! WOW, JUST WOW!!!!! Obama truly is hands down, THE BEST ECONOMIC PRESIDENT IN US HISTORY!!!! HANDS DOWN!!!!!!

Jan 7, 2013 11:14 AM

I would advise the junior investors on this site to allow their portfolios to be managed by an experienced fund manager or professional stock broker. The markets ar risky, and unless you're an experienced pro like myself, it's not going to be easy to beat the smart money at their own game. Leave the trading to experienced traders at top tier investment banks, and delegate your investments to top investment professionals at pension funds and well diversified equity funds. Also, when selecting a fund, make sure the fund managers use "Modern Potfolio Theory" to manage risk, in order to be sure that the fund is not too risky.

Jan 7, 2013 3:09 PM

Just flip that sign around to show the red man pointing the gun AND holding the money and you have “capitalism”. That’s the reality, I’m afraid. Capitalism is all about squeazing as much profit as possible out of the public by paying low wages and charging outrageous mark-ups. There is no upward pressure on wages at all. The lower the wages, the bigger the profits. This is why wages just keep falling for all jobs in all sectors across all economies, unless compassionate politicians put their foot down and say enough is enough – no more exploitation. The only exceptions to this rule of falling wages are big shot Executives and “Job Creators” (LOL) with obscene salaries that could pay for benefits and healthcare for hundreds of thousands of Americans.

Jan 7, 2015 1:16 PM

Finally, some justice for the absolutely UNNACCEPTABLE damage that fracking companies have done to the environemnt. Fracking is evil, and needs to be banned. This oil price collapse is just what we need to end frackning once and for all. This is a victory for environentalists all over the world and a huge blow to corporate interests.

Jan 7, 2015 2:05 PM

I fear that islamaphobia is only going to get worse following this event. You have to remember that this is a tiny minority of muslims and does not in any way represent the muslim people or islam as a whole. We need to calm down and make sure that we don't make rash assumptions about an entire race or religion.

Jan 8, 2012 6:00 PM

Sorry guys but the gig is up. Libertarians have been screaming from the rooftops about their 2012 apocalypse theories for over a decade now. Well, 2012 is here and everything is fine. I think it’s time for conspiracy theorists to be mature and admit that they were and are wrong about 2012. It's time for us all to own up so we can move on and forget that these embarrassing predictions ever surfaced.

Jan 8, 2014 10:16 AM

This was innevitable unfortunately. When the price of an asset is this inflated, it is attracted like a magnet to fair value. Normallyhowever, the asset overshoots fair value by a wide margin before eventually stabalising. Fair value currently sits at $18 an ounce, so expect to see it drop like a stone in the coming months. 

Check out today's article at the Accredited Times to learn how Janet Yellen is leading the way for women's rights:

Jan 8, 2014 10:39 AM

If you're wondering how chairwoman Yellen's policies will influence on the economy, today's article at the Accredited Times gives a refreshingly optimistic perspective;

Jan 8, 2015 1:27 PM

HAHAHA. Take THAT you fracking assholes!! Fracking is EVIL and I won't rest until every fracking compoany is bankrupt! I live in the city, so I've never seen a fracking operation before. But believe me, if my friends and I lived near one we would storm those motherfuckers. Luckily the oil price is doing our job for us.     

Jan 9, 2012 9:18 AM

Jan 9, 2013 9:42 AM

Guys, I've been making some serious money selling EUR-CHF puts below 1.20, knowing full well that the SNB is watching my back. Zhers have turned their noses up at this oportunity, just like they  snobishly rejected HARP, low interest-mortgages and high-yielding peripheral debt. I am shocked that the Zerohedge community rejects clear money-making oportunities provided to them by our global leaders and central bankers, simply because of a childish hatred for leadership and smart economic planning.

Jan 9, 2014 9:11 AM

Each and every one of us is to blame for this. Climate scientists have warned us about this eventuality for over a decade, but none of us listened. The Copenhagen climate bill failed to pass, our government still hasn't passed a universal tax on carbon emissions, and the UN still hasn't tackled the rising problem of overpopulation in any meaningful way. Green startups still struggle to get financing from the selfish and profit-crazy VCs in Silicon Valley. Electric cars are still left out with recharging stations only available in a few sparse locations.

WHEN ARE WE GOING TO WAKE UP AND SAVE OUR PLANET? WHAT IS IT GOING TO TAKE TO GET US TO MAKE THE NECESSARY SACRIFICES? 

Jan 9, 2014 9:15 AM

If you haven't checked it out yet, I strongly urge you to read yesterday's refreshingly positive article on what Janet Yellen's apointment as the first ever Fed Chairwoman means for the global economy:

Jan 9, 2014 9:20 AM

Tell that to you children. Tell them that you were too selfish to give up hot baths and long commutes and that your personal comfort was worth the destruction of countless natural habitats and many third world countries all over the world.

Jan 9, 2014 9:24 AM

Sorry I don't do youtube science. I only get my science from accredited journals and select peer reviewed papers.

Jul 1, 2013 1:09 PM

Egypt is walking a fine line here. America will not tolerate terroristical activity. I'm not an expert on all this, but it looks like swift military action may be necessary at any point.

Jul 1, 2015 10:24 AM

What Greece has is not socialism. The Greek people recieved NOTHING from their government over the last 20 years and have been listening intently to those who warned them about where they were headed. This is FASCISM, pure and simple.

Jul 1, 2015 10:26 AM

The problem with Greece is not socialism. Socialism can work very well, if you follow the Scandanavian model and it's managed professionally by smart well meaning politicians. Greece simply needs to hurry up and accept a deal from the EU so that they can get the funds to rebuild their economy and set up a system that works for the people.

Jul 1, 2015 10:34 AM

For goodness sake - just accept a deal already! This is madness! What Greece needs now is decisiveness and bold action. This is not the time for referendums - if Greece doesn't act now they risk complete disaster. Simply accepting the deal will give them the necessary funds to implement a modern socialist economy (based on the Scandanavian model) and start rebuilding the lives of their people. 

Jul 10, 2012 3:43 PM

I think I've finally worked out why there are so many poor people in the world. It’s so simple that I kicked myself for not getting it earlier. The reason there are so many poor people is literally because the 1% are keeping all the money for themselves. When the rich make one dollar, that is a dollar that is in the hands of the rich and NOT the poor. Libertarians have always said that business is good for the poor and that it promotes upward mobility, and I had always thought there was something wrong with that. Now I realize I was right all along. Businesses and rich business owners actually HURT the poor by taking money away from them. If a capitalist MAKES a dollar, the poor LOSE a dollar. Everything is starting to make sense now.

Jul 10, 2012 4:36 PM

Libertarians ARE responsbile for the massive amount of poverty in the world. Not many people know this, but in third world countries like the Congo, Angola, India and Mexico there is absolutely no government welfare ... That's right - NONE. Is it any surprise that these countries are so poor when their governments are not even providing basic necessities? Liberianism has infected the minds of politicians across the third world, and as a result they refuse to provide even basic necessities for their people. People are literally DYING because of libertarians. 

Jul 10, 2012 5:00 PM

One of the reasons we need unions is because of the threat of small businesses competing with both respected corporations AND government institutions. For example, consider the threat that smaller taxi companies pose to public transport: if left unregulated, taxi companies could literally destroy the jobs of millions of public sector workers in the cities like New York and San Francisco. Consider another example - industrial scale agriculture companies have to compete with a myriad of smaller ranchers and farmers who threaten the livelihoods of their workers. Thanks to tireless lobbying by strong labour unions, the government finally agreed to enact sensible health and safety regulations that barred smaller incompetent farmers from competing. I could go on and on. Labour unions serve an important purpose to workers at large institutions by lobbying for good regulations which keep incompetent competitors out of the market. The threat of small businesses destroying jobs at larger corporations is not something people want to talk about, but it is a reality; and unions are working day and night with the government to protect their workers from this threat.

Jul 10, 2012 9:32 AM

Once again, China proves that thy are unable to replace the American consumer. Their attempts to make the transition to a consumer economy have been futile, largely due to their inferior appetite. They are currently paying the price for breaking their symbiotic relationship with America. China is much better off purchasing our treasuries and exporting goods to our consumer economy. It's a win-win for both nations: Americans get to buy cheap Chinese goods, and the Chinese get to add to their safe-haven treasury reserves.

Jul 10, 2013 8:46 AM

A monorail makes perfect sense. High speed rail is no longer just a luxury - it's now a necessity. In the 21st century, people are busier than ever, and our current infrastructure simply cannot support the rapidly growing global economy. Travelling via public transport is not only more efficient, but it also allows people to get more work done and stay connected on social networks for longer on their smartphones and tablets.

Jul 10, 2013 8:52 AM

Silver has finally reached fair value at $18 an ounce, just as I predicted. This by no means however implies that the collapse is over. Silverbugs should brace themselves for more pain, because this market has a long way to fall.

Jul 10, 2015 10:16 AM

It is an absolute crime that short sellers can literally sell a country's future down the drain. Short selling is nothing but financial terrorism, and it amazes me that it's not banned yet. The stock market is a place where everyone comes to invest their hard earned savings in good quality companies - this helps the country grow, and it provides an extra income for millions of people. What short sellers are doing is abusing this privelage and literally destroying the playing field for everyone else. Short sellers should be tried for high treason and terrorism for what they've done to this country its people!

Jul 10, 2015 10:25 AM

You can see how Varoufakis' compassionate socialist views must have developed. Sipping a cool drink on a hot day with a decent wage and generous leave provided by the state, allows people to develop mental clarity and think about they'd like to structure the world. I'm sure that the young Varoufakis had many discussions about the problems in Greece on those long hot days, and this ultimately formed his views and shaped his legacy. If there's one thing academia and state institutions recognize, it's that people need time to relax in order to think and perform and their best.  

Jul 10, 2015 12:40 PM

This shows what countries with stronger governments can achieve. During our last stock market crash, our congress was far too concerned with 'liberty' and 'non-intervention' to put a ban on short selling. In China, such laws are implemented without hesitation. I admire the Chinese government's decisiveness and strong will. If I were a politician, this is the kind of government I would like to be in charge of.

Jul 11, 2012 10:02 AM

Those prices would have been a lot LESS stable if our Federal Reserve bank had not pursued their dual mandate. Did you ever take that into account???

Jul 11, 2012 9:26 AM

Don't you morons even know our Federal Reserve's dual mandate!? I must be dealing with a bunch of RETARDS. The Federals Reserve was comissioned by congress to pursue their dual mandate for MAXIMUM EMPLOYMENT AND PRICE STABILITY. Only a bunch of total MORONS wouldn't want high employment and stable prices.

Jul 11, 2012 9:50 AM

Looks like you didn't even bother to check their official site: 

Jul 11, 2016 10:01 AM

This is bullshit ... FUCK the law!! And FUCK THE POLICE

Jul 11, 2016 10:06 AM

That was a way of gaining access to the property - there is no evidence that he threatened the police officer's life. I want to see cold, hard evidence.

Jul 11, 2016 11:11 AM

The global war against police has begun. Millennials don't like rules, they're sick of being abused and told what to do by rich capitalist pigs, and most of all they're sick and tired of institutional racism and discrimination. Hopefully, out of this chaos will come a new order based on tolerance and equality, but until then the riots will continue.

Jul 11, 2016 9:44 AM

Jul 11, 2016 9:50 AM

This comes as no surprise to value investors, who have been talking about the incredible technicals and fundamentals for stocks for months. There is a clear upward trend in equities, green shoots are sprouting throughout the global economy, and Friday's outstanding NFP report was just the cherry on the cake. Further stimulus measures are a catalyst, maybe, but this rally was coming anyway.

Jul 11, 2016 9:55 AM

Unless this man was a direct threat to the police officer's life, this man did not deserve to be shot. This needs to be investigated, and unless the officer can provide clear evidence that his life was at risk, he should be prosecuted and punished.

Jul 12, 2014 5:55 PM

The key to growing the economy is supporting the Middle Class. The Middle Class make the world go round. They are highliy educated, progressive and occuppy all of the professional and management positions in the corporate world. They the most intelligent and politically versed people in the entire world, and their success is pivotal to the global economy. Only the democrats understand this. 

Jul 12, 2016 10:02 AM

The justice department's vindication of Hillary's innocence in the so-called emails 'scandal' has restored my confidence in our legal system, as it shows that our officials will not submit to slander and cheap political point scoring by the far-right. In my opinion our laws pander far too much to conservatives on issues like gun 'rights' and free (hate) speech. A huge percentage of the far-right pose a direct threat to our government and should be classified as terrorists, but they get let off time and time again because of 'the constitution'. NEWSFLASH: the constitution was written hundreds of years ago.

Jul 12, 2016 10:42 AM

Reich is right. The TPP is far beyond the comprehension of the average American. Seriously, isn't this why we vote for politicians and governments? So that we don't have to deal with complicated issues like the TPP? That's one of the main reasons I like living under a strong government - I want experts to take care of issues like trade, economics, poverty etc. I have my hands full as is, and I don't like having to be an expert at everything. I don't know how complicated trade deals work, and all I can say is that I'm happy people far smarter than me are taking care of it for me. That's why I pay taxes.

Jul 12, 2016 11:03 AM

Have you read any of the bills passed by congress over the past year end to end? Of course not - like most Americans, you lack the time and the expertise to understand most of the legislation that our government passes. This is why we hire experts to handle these matters for us. It's far more efficient that way. When you vote for a politican, you are trusting them to enact legislation that benefits the country, with the help of the best political advisors and experts of course. Arguing that a piece of legislation should or should not be passed is disrespectful to the millions of voters who entrusted our politicians to do that job for us.

Jul 12, 2016 11:25 AM

I don't see why Bernie and Hillary supporters can't get along. They share so much in common - skepticism of capitalism, a vision for helping those in need, a sense of urgency regarding climate change, and a belief in strict gun control. Hillary and Bernie have similar views on these issues, so I don't think it's unreasonable for a Bernie supporter to switch to Hillary. Personally, I was torn between Hillary and Bernie, but I eventually came to the conclusion that Hillary is a more suitable candidate because of her experience, and because it's time for a female president. I did however prefer Bernie's hard line stance on raising the minimum wage to 15 dollars.

Jul 12, 2016 11:47 AM

Seems perfectly logical to me. If racist police gun down innocent people of color with impunity, how can they not expect blowback? This is karma.

Jul 12, 2016 9:43 AM

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Jul 12, 2016 9:45 AM

I'm glad that global economic leaders are finally cooperating to support global growth. We live in a globalized world, and our multinational corporations are blind to international boundaries. Global trade transcends the nation state, and so should our leaders. We cannot continue to focus on local solutions, when today's problems are inherently global. Instead we need to focus on delegating power and responsibility to institutions and committees with international goals and priorities. Only then will we have the opportunity to unlock the full potential of global economic growth.

Jul 12, 2016 9:55 AM

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Jul 12, 2016 9:55 AM

I'm seriously considering whether to get involved in the war on police. I would actually like to get arrested in order to show my solidarity for the victims of police injustice. Many prisoners and convicts are actually good people victimized by an oppressive system - most of them should be freed and given help. I may be white, but I know that I'm privileged, and I'm willing to apologize for the sins of my ancestors. If anything, I should be behind bars, in place of most of the current convicts.

Jul 13, 2012 10:23 AM

I'm not entirely aware of all the issues involved here, but my impression is that it's just another overexaggerated conspiracy. I'm a very open-minded person, but this seems way too conspiratorial, even for me.

Jul 13, 2012 11:00 AM

I tried to read through the article, but I got bored when Tyler started getting into one of his complicated rants. Sometimes you just need to go with your gut and in this case my gut tells me that this is simply more zero hedge conspiracy.

Jul 13, 2012 3:59 PM

I worry when I see this kind of economical ignorance. JP Morgan is a Bulge Bracket investment bank with many different revenue models, all of which deliver world class services to clients. Investment banking, private banking, market making, prime services and sell side analysis are but a few of the services provided by JP Morgan. JP Morgan's clientele is impressively prestigious, and ranges from wealthy businessmen, politicians and elite hedge funds to the United States Government and Federal Reserve Bank.

Jul 13, 2012 9:16 AM

As long as gold and silver trade at such enormous premiums to fair value, I'm afraid that global production will continue to rise. Not only this, but people are starting to realize that gold is in fact NOT a safe-haven after all, and that the true safe-haven is and always has been US treasuries.

To those golbugs who think they've missed the treasury boat: DON'T WORRY - IT'S NOT TOO LATE! People were saying the treasury 'bubble' was going to collapse when the 10 year was 3%, and then 2.4%, and then 1.7%. *Sigh* ... I've seen this happen over and over again. This treasury bull market is going to continue for as long as there is any turmoil in the global economy, and sadly most goldbugs will only wake up when the 10 year yield is sub 0.5%. This will be the biggest wealth transfer in history, and it's sad that doomer goldbugs don't want to be part of it.

Jul 13, 2012 9:31 AM

This is another thing that 'bugs' me about goldbugs. The Federal Reserve Bank of the United States does NOT "print" money, as doomer goldbugs, nerdy libertarians and silverbug hillbillies like to put it. The Federal Reserve bank actually lends money to the primary dealers - a group of top tier investment banks and elite broker dealers - who then choose to buy treasuries and NOT gold, when presented with a choice of investments. This is because the primary dealers understand that treasuries are and always have been the true safe-haven, a status which is validated by a 30 year track record. Gold is for doomer rednecks who don't know how to invest.

Jul 13, 2016 11:09 AM

This is going to be awesome. This is occupy wall street 2.0, and we're sick and tired of rich capitalists like Trump getting to earn millions without giving anything back. Taxes need to be raised on those who continue to reap obscene profits, while college grads cannot even find jobs relating to their college degrees. How is it fair that one person earns hundreds of millions every year, while another can barely afford to eat? Can someone please explain this to me? It's an absolute outrage!

Jul 13, 2016 11:20 AM

Mark my words I will be there. Why aren't you attending? Let me guess, you're one of these libertarians who support the corporations and their right to earn millions at our expense?

Jul 13, 2016 12:09 PM

I disagree War Machine. I think most people are not libertarians because they care about the poor, and don't want to live in a society that cares only about profits. There's more to life than money - some people just want a decent job, a car, a couple of vacations a year and a few other necessities like a phone and macbook, and they don't see why rich people should take up so much money so that others can't have these basic necessities. We need a society that focuses on need not greed.

Jul 13, 2016 12:36 PM

What do you expect when Muslims have been victims of hate crimes and systematic oppression and discrimination in Europe. Muslims have realized that they will never be accepted into elitist European culture, and so they're rebelling. All of this is a result of oppression, inequality and victimization, not to mention hundreds of years of European colonialism. Europe should be ashamed of itself for what it has created.

Jul 13, 2016 9:13 AM

It's about time that our monetary officials realized that we need further stimulus. The world's top economists such as Professor Paul Krugman have been shouting from the rooftops for years now that if we fail to kick our economy into high gear, then we face a brutal recession. There are definitely green shoots sprouting throughout the economy, but this is because of stimulus measures that were taken after the crash of 07-08. Look at how stocks are rallying to all time highs, in response to dovish rhetoric. The market knows that stimulus is the only long term solution for our economy, and are pricing in the economic growth that will result from further stimulus.

Jul 13, 2016 9:17 AM

These stimulus measures will make President Obama go down in history as the best President for the economy that America has ever had. He brought us from the brink of destruction to a thriving economy with a roaring stock market, making new all time highs, year after year. Amazing.

Jul 14, 2016 10:03 AM

This is beside the point. White people are privileged and are in a position of power, whereas black people are victimized and historically oppressed. When a white (privileged) cop shoots an unarmed black (oppressed) victim, there is a power imbalance that warrants real outrage. That white man was non-compliant and probably deserved it - he knew exactly what was going to happen if he didn't comply. The Oregon rancher terrorists, or as I and many others call them, the white ISIS, were literally asking for it. How entitled are white people? To try to play the victim after centuries of oppression of people of color? It's disgusting!

Jul 14, 2016 10:09 AM

I don't think America has what it takes to stomach the deportation of millions of families. That's just fascist. I think Hillary will win in the end, because most Americans are kind and compassionate, and want to get along with people, rather than stirring conflict.

Jul 14, 2016 10:44 AM

It's scary that respected veterans of our legal system such as Ginsberg are sounding the alarm about the dangers that Trump poses to law and order in this country. Trump is creating so much division in this country, it's very sad and very scary. This is a time when we need to be working together not only as a country, but as a planet, in order to solve our inherently global problems. When business professionals, famous Hollywood actors, key US officials and foreign leaders are all voicing their concerns about Trump, I think he should really be disqualified from running. It's embarrassing that we have a candidate who is so disliked by so many people, and it should really concern his supporters and cause them to reconsider whether this is the kind of conflict they want to create.

Jul 14, 2016 11:59 AM

It's a tricky issue, as Jamilah says. On the one hand, this is an of violence, but on the other hand it's committed by a member of an oppressed group against members of a privileged, historically oppressive group. I agree that it doesn't make sense to call this a hate crime, because that term is reserved for oppressive groups committing crimes against oppressed groups. When you have privilege, as white people do, you can't be subject to a hate crime, because you are in a position of power. Now, let's add in the fact that this alleged crime was most likely in response to decades of white policemen gunning down innocent people of color. When you consider this, I think the most accurate term is 'an act of justice', but it's unlikely that our racist system will classify it this way.

Jul 14, 2016 12:34 PM

This is a very controversial pick. Mike Pence has received funding from none other than the Koch Brothers, the most sinister special interest lurking behind almost every right wing initiative. His father was also in the oil business, so he's no friend of green technologies, and will be impotent in the fight against climate change, which is the single greatest threat to national security and the economy.

Jul 15, 2014 10:28 AM

This is all part of Yellen's plan to taper the equity rally and make sure that stocks don't get ahead of themselves. For the long term buy-and-hold value investor, this is just noise. I'm impressed that unlike many of her predecessors, Yellen is considering a complete range of economic indicators, including equity prices. Maybe if our Federal Reserve had paid closer attention to housing prices from 2002 to 2008, they could have prevented the housing collapse. It's important that economic planners take every indicator into account when planning the economy, in order to achieve optimal results.

Jul 15, 2014 11:14 AM

Another case of panic selling. This is one of the reasons financial advisors always recommend that you stay away from risky commodities, especially those without industrial utilizes like gold. Trading commodities is very difficult and takes years of experience and training to grasp. Personally, I'm happy to leave the commodities for professional traders at established firms such as JP Morgan, Goldman Sachs, Chevron and BP. Buy-and-hold equity investing is the only strategy that is proven to work over the long term. 

Jul 15, 2014 11:24 AM

I don't have time to read random links from the internet. Gold is used to make Jewelry, and that's about it. Unfortunately jewelry demand has been falling like a rock in recent years.

Jul 15, 2014 11:33 AM

I'll assume your more extreme suggestions are just a joke, but the truth is many of your proposals have already been implemented in the Dodd-Frank bill passed by Predident Obama in 2010, which is one of the reaons we are seeing such promising growth in the economy. The Dodd-Frank bill amde a number of legislative changes, including improved oversight of the economy by government regulators and a number of changes to improve the stability of the financial system. 

Jul 15, 2014 11:34 AM

"A free market economy does not need any central planning"

Are you serious? Every economy in the world has a significant amount of central planning. Without central planning more than half of the world's economy would simply dissapear, including the entire healthcare systems of countries like Canada and the UK!!

Jul 15, 2014 11:59 AM

.

Jul 15, 2014 12:03 PM

The middle class is the key to a prosperous economy; and one of the best ways to invest in the middle class is to invest in education.

From Wikipedia:

Members of the middle class belong to diverse groups which overlap with each other. Overall, middle-class persons, especially upper-middle-class individuals, are characterized by conceptualizing, creating and consulting. Thus, a college education is one of the main indicators of middle-class status. Largely attributed to the nature of middle-class occupations, middle class values tend to emphasize independence, adherence to intrinsic standards, valuing innovation and respecting non-conformity. Politically more active than other demographics, college educated middle class professionals are split between the two major parties.

Jul 15, 2015 10:20 AM

It's amusing that ZHers still fail to grasp even the most elementary economic principles. Economics 101: A central bank has to be independent of congress in order to make objective non-political decisions. If congress had the power to influence monetary policy, our country be in a complete mess. The fact that you would question this funamental principle tells me that you simply have no understanding of economics whatsoever.

Jul 15, 2015 11:56 AM

This may be a bitter pill to swallow, but I believe that Greek people will be thankful that this choice was made in the coming years. This rescue package lays out a comprehensive plan for rebuilding the Greek economy and paying back the debt. Don't get me wrong - a hard road lies ahead for Greece; but through hard work and determination I have no doubt that Greece will emerge debt-free, powerful and economicaly prosperous once again.

Jul 15, 2016 11:08 AM

This is a very inappropriate VP pick given the challenges that America faces. Mike Pence's family is in the oil business and he has received funding from the notorious climate change deniers the Koch Brothers. Climate Change is the number one issue facing America and the world, and Trump picks a VP who rejects the scientific consensus that fossil fuels are changing our climate for the worse!? In addition, Mike Pence has an extremely backward view on immigration, both legal and illegal. This is not good news for minorities, refugees and undocumented immigrants, who may be sent back to their countries of origin. Mike Pence's also has an appalling track record on gay rights. This is just a terrible, terrible choice for VP, and really speaks to Trump's lack of values and lack of political savvy.

Jul 15, 2016 11:19 AM

What I appreciate about the green party is that they are focusing on the number one threat facing America and the rest of the world: climate change. How can we continue to conduct business as usual, when climate change literally threatens our very existence on this planet!? We have to tackle this issue now, before it's too late! And we cannot simply rely on the 'market' to come up with green technologies - we need to actively subsidize and provide grants for promising green startups. We also need to become accustomed to a lower, more sustainable standard of living, as we phase out fossil fuels and reduce our energy consumption. We are addicted to an unsustainable lifestyle in the west, and we need to end it now before we destroy the entire planet!

Jul 15, 2016 11:59 AM

This dead cat bounce in gold is the final rise before the collapse to the low triple digits. Gold has been in an unprecedented bubble over the last decade and a half, and the drivers for this market just aren't there anymore. Investors favor dollars and bonds as the ultimate safe haven assets. These markets are far more liquid and easy to use than gold, which requires storage and transportation. Furthermore, gold hoarding is not real investing - in fact, it is the antithesis of investing. Hoarding gold takes value out of the real economy and locks it away in vaults where it can't create jobs or grow the economy. It should definitely be illegal.

Jul 15, 2016 12:04 PM

What? This is racism! Deporting people because of their religious beliefs? That's completely unconstitutional! The constitution protects freedom of religion. Targeting Americans based on their religious beliefs and robbing them of their citizenship is absolutely abhorrent, and completely illegal! Maybe we should deport you Gingrich. We can't tolerate any more of this hate in America - this has to stop!

Jul 15, 2016 2:47 PM

Finally, we can now dispel the conspiracy theories surrounding 9/11 once and for all. When we confirm that the missing pages don’t back up the theory that Bush blew up the world trade center, will the conspiracy theorists on this site apologize for spreading lies about our government? I hope so.

Jul 15, 2016 2:49 PM

And all those conspiracy theorists who claim that our greatest ally, Israel, had something to do with 9/11 - you should be ashamed for yourselves!

Jul 15, 2016 7:18 AM

What worries me is the backlash against the Muslim community that will no doubt occur as a result of this isolated tragic incident. You have to remember that there are 1.6 billion Muslims in the world, so these terror attacks are committed by a tiny percentage of the Muslim community. Extremist white right-wingers on the other hand, are much smaller in number, as most of the world is on the left, so when right-wing terrorists, such as the Oregon ranchers, commit a crime, we can legitimately say that this represents the white right as a whole. Ultimately, we are only going to solve this problem with love, so that hate needs to stop. #NotAllMuslims, #EndIslamaphobia

Jul 16, 2012 12:17 PM

I can't say for sure who was at fault here, as I'm not aware of all the issues, but my suspicion is that those UAE terrorists were asking for it. The US military doesn't tend to make mistakes. I think this was both intentional and justified.

Jul 16, 2012 8:57 AM

What this article doesn't take into account is that retail sales are now completely manipulated. How can you just talk about "retail sales" without mentioning our Federal Reserve's tightening, or the fact that banks refuse to lend? These are all factors which comlpetely distort retail sales, and prevent them from reflecting true aggregate demand. Sales would be far higher if people could get access to the credit they deserve, but without help from our Federal Reserve and congress, aggregate demand cannot reach a natural equilibrium.

Jul 16, 2015 12:03 PM

The Jade Helm martial law conspiracy theory has got to be one of the most laughable conspiracies emminating from the far right this year. Military exercises like this are routinely carried out across the country, and this one is nothing special. I know you preppers are just dying to find some use for your bunkers and bug out bags, but the reality is you'll never ever need them. And nobody is "after your guns" - all liberals are demanding are sensible gun laws that prevent dangerous people from getting hold of a firearm. Also, why on earth does somebody need to have a semi-automatic weapon? Please explain.  

Jul 17, 2012 6:35 PM

Manifesto of the Progressive Revolution:

Part 1 - Personal Responsibility

It has long been the habit of both religious and right wing zealots to advocate ‘personal choice’ and ‘personal responsibility’. The progressive revolution takes a different approach. Instead of focusing on ethical principles that classify a choice as moral or immoral, we recognize that "choices" are in fact a myth. It is a myth that people are able to influence their circumstances by exercising free will, as has been detailed by many top philosophers at Ivy League colleges across America. The ProgrEssive rEvolution adheres to the work of the following ideologies that absolve people from the myth of personal responsibility:

1. Relativism

2. Determinism

3. Marxism

4. Subjectivism

5. Nihilism 

This knowledge frees people to take what they need from the state and to support policies that they know will work, without having to 'take responsibility' for any negative consequences to others that result from their choices. The consequences were simply meant to be, and are predetermined. If you get something from the government, you were destined to get it from the start, so you are not responsible for the effects to the financial well-being of others in the present OR future. This is the first principle of the progressive manifesto. 

Jul 17, 2012 6:53 PM

This is a fantastic article. I have long been advocating the need to clamp down on 'tax havens' that do not require people to pay their FAIR SHARE to the government. The government DESERVES peoples' money because they provide roads, bridges and schools. Government officials do not have to provide us with these necessities, but they choose to do so anyway out of the kindness of their own hearts. It is absolutely unacceptable to not contribute to society, when well-meaning state leaders are doing their best to help people, but are simply starved for funds. It makes my blood boil when I see people selfishly spending 100% of their income, without even once considering that the government might want to spend it on something more worthwhile and virtuous.

Jul 17, 2014 12:54 PM

This is exactly why we need tighter safety regulations. We also need a way of enforcing laws at a global level in order to raise standards across the board. Safety advocates have been warning about the dangers of lax safety regulations for decades and this just vindicates what we have been saying. Come on people, this is common sense!

Jul 17, 2014 3:28 PM

Israel is one our key allies in the war on terror and this constant criticism of Israel's military operations is extremely damaging to our relationship. We need to keep our allies close as we simply cannot fight this battle alone.

Jul 18, 2012 10:12 AM

I’ve just run the numbers on gold, and I'm afraid the results were not pretty. In 2010, the average mining cost for gold was $542 per ounce. This means that miners are currently turning over $1038 per ounce of gold mined. This is likely to translate into a huge supply glut that will crush goldbugs and wreak havoc on already tortured gold stock portfolios.

The numbers for silver are even uglier. Using the same method, I calculate that silver is currently trading at a premium of over $20 per ounce. Not only this, but graphite is set to replace many of the industrial uses of silver, making it largely useless as an industrial metal.

Meanwhile, the fundamental picture for gold and silver just keeps getting worse. As the Eurozone crisis persists, people appear to be losing faith in gold as a safe haven and instead turning to US treasuries for protection from global market turmoil. With the ten year yield at 1.48%, and gold still under $1600 per ounce, things are looking bleaker than ever for goldbugs. All in all, the horizon for precious metals is dismal, and investors would do well to approach this market with both caution and skepticism. 

Jul 18, 2012 10:32 AM

There's nothing insane about believing in the Bernanke put. Why buy protection at inflated doomer premiums when Bernanke has clearly expressed his intentions to employ a "range of tools" to combat economic weakness? The smart thing to do is to simply buy and hold a mean variance optimized equity portfolio of blue chip stocks, be right and sit tight.

Jul 18, 2016 10:01 AM

Until the epidemic of racist cops gunning down innocent people of color comes to an end, the retaliation will continue. The demands of Black Lives Matter are very reasonable - stop killing innocent people of color, pay reparations for slavery and end systemic racism. Why can't America simply meet these demands and bring this conflict to an end?

Jul 18, 2016 10:21 AM

We can't hold these people to the same standards as we would people in the west. This is part of their culture and heritage. Who are we to judge an ancient culture with a different set of values to ours? Their values may be different, but that doesn't make them any worse or better than ours. Other cultures need to be respected, because it is important for us to be tolerant and non-judgemental. I'm embarrassed to see so many ignorant westerners on this board judging a culture that they know nothing about.

Jul 18, 2016 11:23 AM

We need to be tolerant of other cultures! We in the west have privilege and therefore have no right to judge others! Why do you judge oppressed people who have a different culture to your own? Are you racist?

Jul 18, 2016 11:40 AM

This is a very wise precaution by the Cleveland police force, but we need Federal measures to make a real difference. Did you know that 10,000 children are either killed or seriously injured by firearms every year? Conservatives who continue to resist sensible gun control legislation are allowing this slaughter to continue, year after year. When are we going to realize that private gun ownership is barbaric and totally unnecessary in the 21st century!? We need a total gun ban now, before more lives are lost! The longer we wait, the more innocent people will be killed, and the blood of these people is on the hands of gun-loving conservatives!

Jul 18, 2016 11:58 AM

Jul 18, 2016 11:59 AM

You should read the Accredited Times - you might learn something for once.

Jul 18, 2016 12:21 PM

It's accredited because we cover mainstream news, from a mainstream perspective. Every opinion and conclusion expressed by the Accredited Times is shared by the world's leading experts at Ivy League colleges, established think tanks and industry-leading corporations.

Jul 18, 2016 7:45 AM

The Brexit is partially responsible for instigating this coup. The British peoples' callus rejection of the European Commission sent a very destructive message to the rest of the world. Far-right reactionary groups will take Britain's decision as a green light to go wild and attempt to overthrow existing power structures, leading to chaos and destruction across the planet. Turkey needs to be fast tracked to join the EU immediately, so that the European Comission and ECB can stabalize the country and prevent an overflow of this chaos into Europe.

Jul 19, 2012 10:42 AM

Jul 19, 2012 11:17 AM

Just because somebody appreciates the greatness of America, doesn't mean they cannot stand up Israel too. Let me guess, you're another wimpy libertarian who was even against America going after Sadam Hussein for 9/11? ... Disgraceful. As the world's greatest superpower, it is our duty to spread freedom to the rest of the world. The major concerns now are Iran and Syria, and I support full military interventions in both of these countries.

Jul 19, 2012 3:36 PM

I have three simple solutions to this problem:

1. Mandate that all corporations hire 20% more workers

2. Provide a guaranteed government job for all unemployed Americans

3. Quadruple the minimum wage so that businesses are forced to pay people decent wages

Progressive solutions are simple and cut to the heart of the issue. But it seems that no matter how hard we try to solve these problems, libertarians always find some way to disagree.

Jul 2, 2012 10:42 AM

I worry that our foreign policy is simply too weak given the clear and present danger of terrorism from countries like Iran, Syria, Iraq and Afghanistan. we need to seriously reconsider our commitment to defending Israel and America, and ask ourselves whether we are doing everything we can to fight terrorism domestically AND abroad. Next time you're at work, relaxing on the beach, walking the dog in the park or shopping at the mall, just look around and ask yourself these three important questions:

1. Do I really know what these people are up to?
2. How much do I know they are not sympathetic to Islamic extremists or any other right wing interests?
3. How can I guarantee that these people are not part of some extreme libertarian group like the 'sovereign citizens' or 'Oath Keepers'?

Jul 2, 2012 11:55 AM

But the crisis WAS caused by lack of government regulation. Let me explain this one more time for the libertarians who still don't get it (I apologize to those on this site who already understand the virtues of government regulations).

1. Politicians are elected by the people in order to reflect the will of the people. People are unable to express their will by themselves, so they need politicians to do it for them.

2. Politicians, driven by compassion and a selfless dedication to virtue, implement and enforce regulations to make sure that consumers are not allowed to make bad choices by forcing them against their will, not to make bad choices.

When will libertarians understand that liberals DON'T CARE about their stupid arguments!? Progressives know what they are advocating and have researched the impact of regulations extensively and scientifically, so they don't need to address the arguments of silly libertarians. 

Jul 2, 2012 3:50 PM

If we are going to get serious about climate change, we need to do better than this. ONE FLEET of ships? Are these the ONLY people willing to make the commitment to building a better world for our children? We need to replace ALL fossil fuels with biofuels, wind farms and solar. And I know conspiratorialistic libertarians won't like this, but NUCLEAR is another one of the options we simply have to develop. In the 21st century, there is simply NO NEED to burn ANY fossil fuels. Join the CARBON FREE REVOLUTION - Stop using carbon based fuels in all parts of your life. Make a difference TODAY and commit to making America CARBON FREE by 2013!

Jul 20, 2011 2:05 PM

These people complaining about a raise of the debt ceiling need to learn economics. Highly respected economists have warned that failure to increase the debt ceiling could result in a devastating collapse. Luckily, the President can legally raise the debt ceiling by executive order, much to the disapointment of the crazies like Rand Paul. 

Jul 20, 2011 6:07 PM

Many of the world's top economists, including Nobel Laureates Paul Krugman and Joseph Stiglitz have warned that cutting government spending could seriously de-rail the global economy. What these immature libertarians don't realise is that the economy is lacking aggregate demand. The ONLY way out of this is to keep pumping the system with liquidity so that people start SPENDING again. I can only hope that these silly libertarians wake up before they destroy the entire world economy. 

Jul 20, 2012 8:44 AM

@jazze Well what's your solution????? Clearly, the lax gun laws supported by right wing hillbillies are a major factor contributing to the rise of gun crime. How many more people need to die before crazy right wingers agree to sensible gun control legislation?

Jul 20, 2016 7:19 AM

About time! Twitter is a private platform and can set whatever rules they like, so 'free speech' doesn't even come into it. Why should twitter allow it's platform to be used as a means to spread hate speech, ignorance and abuse? This is a very encouraging move, and bodes well for the future of the internet. We now need to start looking into other websites that give voices to hate groups and extremists. There should be absolutely no place for extremism on the internet.

Jul 20, 2016 7:26 AM

Cyberbullying is a serious problem, and cannot simply be ignored. Cyberbullies can make life absolutely unbearable for their victims. There are some people cannot even get out of bed in the morning because of the crippling abuse and hatred that they have received on social media. We cannot tolerate this kind behavior any longer! The internet should not be a safe space for bullies! We need laws against this abuse now, before more lives are destroyed!

Jul 20, 2016 7:28 AM

Anyone who supports Trump is a disgrace to the LGBT community and not a real gay. You cannot follow a progressive lifestyle and support a bigoted presidential candidate at the same time!     

Jul 21, 2011 2:12 PM

Don't you morons know our Federal Reserve's dual mandate!? Are you completely retarded!? QUOTE from the Federal Reserve's OFFICIAL site: "The Congress established two key objectives for monetary policy--maximum employment and stable prices". Only a MORON wouln't want stable prices and maximum employment! If you idiots had your way, the global recovery would be dead by now.

Jul 21, 2014 5:37 PM

I strongly believe that as the world’s greatest superpower, it is our duty to maintain peace and stability around the world. What Russia is doing in Ukraine is absolutely unacceptable and for me this tragic airline shooting just seals the deal. The time for ‘investigations’ is over. Russia has gone too far, and we need to act now in order to quell this uprising and stabilize Ukraine.

Jul 21, 2016 8:34 AM

The republican party is in complete meltdown! Is this the party that you want to see running the country? Any vote for a republican at this point is very irresponsible. Hillary is the only viable option for president right now. The polls show that the American people want Hillary, because she is professional, balanced and highly experienced, which is exactly the combination of qualities our country needs right now. If you are an honest American who truly wants the best for your country, you know that you only have one choice this November - vote Hillary for president and restore America's honor and dignity.

Jul 22, 2016 10:33 AM

This is disgusting! The Young Turks are one of the voices of reason in America today, and this idiot conspiracy theorist thinks he has the moral right to crash their broadcast!! I hate these right wingers and I hate republicans! Everything the Young Turks have ever said has been honest and reasonable, but racist, hateful conservatives always think they are being treated 'unfairly'! I will never vote republican and I will never be an ignorant conservative!

Jul 22, 2016 7:56 AM

I have a number of objections to Trump's speech. Firstly, claiming that you want to be a 'voice' for all Americans, does little to console minority groups in America who are very unhappy with how they being  treated. It's as much of a smack in the face as saying 'All Live Matter' to Black Lives Matter protesters with legitimate grievances about police racism. Secondly, I think it's extremely unfair to say that Hillary's legacy is one of 'death' and 'destruction'! Hillary never started a single war - Libya and Syria were humanitarian interventions in which the US helped the people of these countries rise up against tyrannical regimes. How is that a bad thing? Lastly, his fear mongering about what America will look like under a Hillary administration is absolutely disgraceful, and he should retract those statements immediately. Criticize Hillary's policy positions if you will, but don't try to scare the public into voting for you - that's just plain wrong!

Jul 22, 2016 8:18 AM

You should check your privilege. Minorities such as African Americans, Native Americans and women are still owed reparations for hundreds of years of oppression. Don't think you can simply ignore your responsibilities and absolve yourself of the burden your ancestors passed down to you. We all need to do our part to make America a fairer, more equal place, and we need to remind ourselves that America has never been great for many oppressed minorities.

Jul 23, 2012 11:24 AM

I'm pleased to report that the pledge to make America carbon free by 2013 (the carbon free revolution) is making very good progress. Both President Barack H. Obama and William Milton Romney have expressed their intentions to manage the climate for optimal temperature for all ecosystems and maximum prosperity. Every day, more and more studies are coming out that demonstrate the statistical irrelevance of factors other than CO2 on the climate, much to the frustration of anti-science libertarians. It has also been demonstrated that renewable energies like wind farms and biofuels ARE in fact economically viable, and that the government is perfectly capable of financing these technologies, even if the pro-oil free market won’t.  

Jul 23, 2012 11:38 AM

Did you not read my post!? Studies show that varying CO2 emissions has a statistical effect on the climate that offsets the combined effect of all other factors. If that were not the case, then promoting policies to reduce CO2 emissions would be irresponsible, as the effects of the policies would simply be eliminated by random fluctuations in the non-anthropogenic factors. Progressives always DO THEIR RESEARCH, and only advocate policies when they have studied the effects until there is no chance of failure.

Currently, top scientists are busy developing an objective measure of the optimality of the climate. Once they have this measure, it is simply a matter of varying CO2 emissions until the optimal climate is achieved for all ecosystems across the planet. 

Jul 23, 2012 3:39 PM

European politicians have shown themselves to be both impotent and indecisive when it comes to pushing for new economic reforms to strengthen the union. It seems that President Herman Van Rompuy is a lone voice pushing for real fiscal and monetary union. President van Rompuy is the father figure of the European Union; a leader who has demonstrated quiet courage and calm stoicism in the face of tremendous economic challenges, and I hope that these immature EU politicians have the wisdom to follow his lead to create the Europe that everybody wants to see. 

Jul 23, 2015 10:31 AM

I would argue that US Treasuries are still very much a safe-haven asset, as they have remained resilient in the face of global economic turmoil. Furthermore, US equities, although on the riskier side, have yielded very consistent returns over the last 6 years. Anyone who has a well-diversified portfolio including US equity indexes and US bonds has done rather well, and is positioned to weather drawdown over the next few years. It's the people who put all their money in gold that are really paying right now - unfortunately these people are going to have to be an example to everyone else about how not to invest!

Jul 23, 2015 11:44 AM

We must be ready as a nation to stand by our Turkish allies, should they need assistance in their operations against Isis. My heart goes out to the innocent Syrians who are caught between Assad and his use of chemical weapons, and ISIS with their extreme form of Islam that in no way represents the beliefs of the average muslim. On the one hand, we must continue to wage war against terrorism in the Milddle East and fight for stability and peace in the region, but at the same time we must be careful not to succum to Islamaphobia and extreme nationalism. We need to work together with our allies to achieve our strategic goals in the Middle East, while fostering a culture of tolerance and multiculturalism at home.

Jul 25, 2012 10:00 AM

US Treasuries are the most reliable safe-haven asset, boasting a 30 year track record. It seems like every day now that the ten year makes a new all time low, much to the astonishment of goldbugs, silverbugs and doomer libertarians. In addition to this stellar track record, US Treasuries are also rated as a tier one safe haven asset, making them a number one choice for banks looking to sure-up their financial statements.

Jul 25, 2012 4:11 PM

I've just got back from a meeting with a prominent committee of Occupy Wall Street activists. After a lengthy discussion and much thought, we decided that we will NOT be supporting this bill. The reasoning behind this decision is that the Federal Reserve does an important job regulating the financial industry, and we feel that any negative attention might damage this institution's ability to continue to do important regulatory work. In addition, the Federal Reserve is unable to pursue it’s dual mandate objectively if congress is interfering with their decision process and loonies like Ron Paul are constantly scrutinizing their every action. 

Jul 25, 2016 12:03 PM

For goodness' sake people! NOT ALL MUSLIMS!!

Jul 25, 2016 12:29 PM

NOT ALL MUSLIMS!!!

Jul 25, 2016 6:37 AM

This is getting out of hand people!! Our country is spiralling into chaos because conservatives refuse to allow simple sensible gun control laws that would take guns out of the hands of terrorists and criminals and save lives! Even if it saves one life, it's worth it! Lives are more important than ancient documents and the wild west fantasies of right wingers!! It's got to the point where I no longer think we should cower to republicans on this issue and obediently follow the 'law' - Obama needs to ban guns by executive order before he leaves office! I hope to God that we get Hillary in the white house, so that we can put an end to this madness once and for all! I pray every day that she triumphs over the hatred and sexism that is hurled at her every day, and gets the Presidency that she deserves and has fought for, for so many years.

Jul 26, 2011 5:30 PM

Hoenig is in an extreme minority of Fed officials. Most senior officials at our Federal Reserve understand that fiscal stimulus is an essential catalyst for the global recovery.

Jul 26, 2016 12:25 PM

Every day I pray to God and the spirits of the earth to lift Hillary above the hateful and hurtful attacks hurled at her by right wing demagogues. This really is too much for a woman to bare. We need to show compassion and understanding for women, not hate and sexism. America's misogynistic rape culture has reached a tipping point, and I believe the only solution is to elect a woman as President. This is the only way to cure our country of this hate and move forward. A vote for Hillary is a vote for progress, and progress is what this country needs desperately. #PrayForHillary

Jul 26, 2016 8:37 AM

This article is ignorant. There's a big difference between Trump's wall and Mexico's wall. America is a nation of immigrants, and the border states were stolen from Mexico. Thus, it is hypocritical for America to tell Mexican immigrants simply seeking a better life in the land of their ancestors that they do not have a right to be here. We as white people need to help those less fortunate than us, and give back to the people whom we have wronged. Mexicans are simply protecting the land that they rightfully own.

Jul 26, 2016 8:42 AM

What gives white Americans the right to criticize Mexico, an hispanic country? This article is racist!

Jul 26, 2016 8:50 AM

Eurocentric history is flawed and racist! Look up alternative forms of history from the people of colors' perspective!

Jul 26, 2016 8:54 AM

I'm so glad to hear that Michael Brown's mother will be speaking at the DNC. She has shown so much strength after her son was gunned down in cold blood with his hands up by a racist white cop. Her voice needs to be heard, and so far only the democrats have been willing to give her a platform to spread her message. We need to completely turn this racist system upside down, and transform it into a system that helps people of color and pays them reparations, rather than locking them behind bars. The only candidate listening to the concerns and dreams of minorities is Hillary Clinton, and a vote for her is the only hope for oppressed groups in America who simply want a better life.

Jul 27, 2015 11:52 AM

This just strengthens my belief that we need to double down on cybersecurity and introduce basic regulations to curb malicious internet activity. The ever more frequent cyberattacks are a clear demonstration of the dangers of excessive internet freedom. Freedom isn't always a good thing - we have to strike a balance between freedom and safety. This is what our founding fathers repeatedly mentioned in our constitution, and we would be wise to listen to them.  

Jul 27, 2015 12:14 PM

I wish we had the guts to do this in our country too. Short sellers bring pain and misery to millions of people, decimating peoples' retirement funds and wiping out investors big and small. There really is no reason why short selling should even be legal - it's financial terrorism pure and simple. And although it may seem benign, the impact of this  financial terrorism is far greater than a regular suicide bomber could ever be. We need to start calling short selling out for what it really is, and start bringing these crooks to justice before they destroy every stock market on the planet.

Jul 27, 2015 12:15 PM

.

Jul 27, 2016 10:00 AM

I'm not an expert, but I know that Whiteness and White Privilege are both central topics.

Jul 27, 2016 10:07 AM

Jul 27, 2016 10:10 AM

Jul 27, 2016 10:17 AM

That's his business - he's not in government anymore. Trump is running for the highest office in the country, and for all we know he could be colluding with the Russians! That's a serious national security issue, and should disqualify him from running!

Jul 27, 2016 10:53 AM

Jul 27, 2016 11:10 AM

I've been warning for a long time that Islamaphobia would lead to a tragic incident like this. All over Europe, reports of hate crimes against Muslims are on the rise, with Mosques reportedly vandalized, women's Burkas being pulled off their heads, and Muslims being subjected to all kinds of vile harassment and abuse. This has to end now! We pride ourselves on being tolerant in the West! Treating people this way is not part of our culture!

Jul 27, 2016 11:39 AM

Trump is secretly colluding with Russia! He's a national security risk! He shouldn't be allowed to run!

Jul 27, 2016 9:30 AM

Why is Europe not assisting these migrants in making a safe journey to their destination? This is what Soros has been saying all along about introducing a sensible system for housing and transporting refugees. It needs to be professional and organized - the EU need to provide safe means of transport and good quality housing, plumbing, central heating and food. America, Canada, Australia and the UK also need to do far more - these western countries are simply not pulling their weight. These are real people we're dealing with, and they deserve better.

Jul 27, 2016 9:57 AM

It's saddening to watch naive silverbugz jump up and down with glee, as silver experiences its final dead cat bounce before the ultimate plunge to fair value at 2 x mining costs. Estimates put mining costs at about $4 an ounce, given that most of the silver mined is a bi-product of other mining. Therefore fair value is currently 2 x $4 = $8. But as any experienced investor will tell you, the price is likely to fall far below fair value before reverting, which means it could easily fall to $5 or less! That's really scary! And this isn't even taking into account the fact that Graphene will soon replace silver in many of its industrial uses!

Jul 28, 2015 10:29 AM

When I read this, all I want to do is hang these short selling murderers. They're ruining peoples' lives! This didn't even need to happen - everything was going well in the Chinese markets until it was raided by a cabal of hedge funds and a shameful handful of retail investors trying to profit from other peoples' misery. Equities should be a stable long term investment - stock market crashes like this are completely unnatural and preventable. It's just sad that we couldn't sort out this short-selling issue earlier - it would have saved the livelihoods of millions of people.

Jul 28, 2015 12:31 PM

Europe is always ahead of the game when it comes to progressive public policy. This is a perfect example of something that horrifies people, but yet it's absolutely necessary and benefits society as a whole. Here's an honest question for the reactionaries on this thread: What good is it locking up a terrorist after he has already committed an act of terrorism? Answer: not much at all. In fact, all we do by sentencing them is turn them into Martyrs. We need to tackle crime before it happens - this is a logical and necessary evolution in our legal system, and as long as American right-wingers fear these changes, we will continue to lag behind other first world countries in our legal sophistication.

Jul 28, 2015 9:53 AM

I think Barack Obama is undoubtedly the greatest President we have ever had, even ahead of Bill Clinton. His leadership and oratory skills are second to none, his composure and presentation is always strong and professional and his conviction and statesmanship are of the highest standard. His achievements as President have been nothing short of astounding:

1. We finally have free and fair healthcare in this country
2. We are in an economic recovery, back from the brink of disaster in 2007, even as other countries suffer economic setbacks
3. Our housing market is recovering
4. We are finally starting to introduce sensible firearm restrictions

I honestly don't know how we would have made it through the last 7 years without Obama's leadership. He has been an inspiration to me and to millions of Americans, and his legacy will be remembered for centuries to come. 

Jul 28, 2016 1:32 PM

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Jul 28, 2016 1:33 PM

The celebrity line up at the DNC has been nothing short of breathtaking, with Hollywood actors such as Demi Lovato and Paul Simon, and music stars such as Katy Perry and Lady Gaga, all convening to discuss the issues that matter: climate change, gun control, diversity, and education. The DNC has had so much glitz and glamour that I feel kind of sorry for the uptight conservatives at the RNC. They must envy that democrats are able to attract the coolest and most popular stars and TV personalities from across America. You can really feel the buzz in the air - like things are changing for the better. We are going to win this election ... I can feel it.

Jul 28, 2016 8:04 AM

This is very scary. I fear that Germany may be returning to its dark past, when Nazis would raid the houses and businesses of innocent Jews. We must combat Islamaphobia and end this irrational fear that every Muslim is a terrorist. It's racist, hateful and xenophobic, and there is no place for it in a forward thinking, left-wing liberal democracy like modern Germany.

Jul 28, 2016 9:42 AM

I'm genuinely worried about Trump's association with a hostile foreign nation. It's a serious national security concern. We need to investigate his ties to Russia, and consider that this may disqualify him from running for the Presidency. Russia is currently America's most significant adversary, and for our President to be secretly allied with Putin is unacceptable and probably illegal.

Jul 28, 2016 9:58 AM

Hillary was exonerated by our FBI Director and Attorney General. It has now been proven after a long investigation, that she Hillary has committed no punishable offense. On the other hand, the Trump University court case is ongoing, so Trump is still pending criminal charges.

Jul 29, 2014 10:47 AM

This is bullshit. The federal government needs to introduce risk free loans for people who are suffocating under this oppresive debt. I'm tired of getting caught out by loans that look good at first but later down the line there turns out to be a massive catch like higher interest payments. I want the government to introduce no-interest loans - no bullshit, just easy money.

Jul 29, 2014 10:49 AM

Just introduce no-BS government loans already! It's BULLSHIT that I can't buy the things that I want when other people can get much more

Jul 29, 2016 11:00 AM

Borders are fundamentally racist. Why should some people be able to enjoy the benefits of living in Germany simply because they happened to be born there, yet others are locked out of the rewards of living in a first world country? It's absolutely immoral and unfair.

Jul 29, 2016 11:39 AM

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Jul 29, 2016 11:42 AM

10 reasons why I like Hillary:

1. She's smart
2. She's experienced
3. She's a woman
4. She's strong on Middle East foreign policy
5. She stands up to Russia
6. She supports minorities
7. She supports gays
8. She wants to raise the minimum wage
9. She wants stricter gun control
10. She wants to help more refugees

Jul 29, 2016 12:05 PM

The stock market is looking at the big picture, not just GDP, and is pricing in not just the green shoots sprouting in the service sector and elsewhere, but also future economic growth. This stock market rally is testament to the fine job that President Obama has done with the economy. Remember - we were on the verge of total collapse in 2007-2008, and Obama had to deal with the mess that Bush created. It's absolutely phenomenal that we are we where we are today. Obama's legacy will be of saving the economy from one of the worst financial crises in history, and not only delivering a recovery, but delivering one of the greatest stock market rallies in American history.

Jul 29, 2016 8:57 AM

At least the economy is growing, unlike during the financial crisis of 07-08, which was precipitated by lack of regulation under a republican administration. Under Obama, our economy has continued to grow steadily, while our stock market has made new all time highs and interest rates have made record lows. This is not an accident - Obama is an exceptional president who has followed the advice of the world's leading economists. If we want this to continue however, then we simply have to elect Hillary Clinton in November.

Jul 3, 2012 10:34 AM

The paradigm is shifting. People are waking up and realizing that the only way to progress as a society is to divert more resources to the government. The thought of being 'entrepreneurial' and taking on 'personal responsibility' now fills people with dread. People are now seeing that a world with risks is simply intolerable, and the only compassionate way to organize society is to eliminate risks by trusting infallible political professionals with the right to redistribute wealth as they see fit. A decade ago, a 75% tax rate would have been unacceptable, but today it is welcomed, even by a large number of zerohedge readers. This is progress. The progressive revolution is unstoppable, and there's nothing whiny libertarians can do to stop it.

Jul 3, 2012 11:01 AM

You have shown yourself to be yet another purist libertarian. Silly purist arguments are simply not worth repsonding to. NOT EVERYTHING IS BLACK AND WHITE, some things come in SHADES OF GREY.

Jul 3, 2013 10:54 AM

This is a disgrace. I am absolutely shocked at this decision. Progressives have been fighting for this law for decades, and we want results now. America is living in the 19th century. Europe and Canada are way ahead. America is the only first world country that has not yet implemented a universal health care system. When are we going to join the ranks of forward thinking liberal countries and end health inequality once and for all?

Jul 30, 2015 11:24 AM

This was unfortunately the only honourable choice for Mr. Da Costa. His inflammatory questions were highly inappropriate at a times when our economic recovery is in its early stages and is vulnerable to a drop in confidence. A man of Mr. Da Costa's standing should know this, and his actions demonstrate a complete disregard for the economic wellbeing of this country. I hope this incident servers as an example of how not to ruin your career as a journalist!

Jul 31, 2012 11:52 AM

As the global economic recovery falters, we need to remind ourselves that we live in a GLOBAL economy, and the challenges we face require GLOBAL solutions. The Olympics reminds of this "oneness" by bringing countries together to celebrate the Olympic games and experience the Olympic spirit. It's truly inspirational to see so many countries coming together to do something extraordinary. I can't help feeling that this is a prelude to a new era of global governance and unimaginable global growth. It's frustrating to see so much poverty in the world when so much is possible.

Jul 31, 2012 9:37 AM

It's becoming clear to all but the most ignorant populists that decisions simply have to be made by the European commission and NOT the member states. The member states hav shown themselves to be incapable of civil discourse, and have created a childish playground social dynamic. Germany is the greedy bully that refuses to share, whereas other nation states choose to engage in childish name calling rather than uniting against the German bully to get a fair deal. President Herman Van Rompuy and Commissioner Barroso are the teachers trying desperately to control the classroom and educate these immature children. 

Jul 31, 2015 10:53 AM

It's amusing to watch the ZH readership rant about high frequency trading without any understanding of how it works and why it is so important for our markets. Newsflash: over 50% of equity trading is high frequency, and our markets depend on this liquidity in order to function efficiently. HFT is the  why we can now get instant quotes for thousands of securities in our trading accounts. And it's not only investors traders who benefit from HFT - more efficient markets mean that everyone gets cheaper, higher quality goods and services. High frequency trading is one of the major sources of growth for our economy, and it's disturbing that ZHers actually want to shut it down!

Jul 31, 2015 3:44 PM

The Zerohedge community adheres to a religion of pessimism, even as stocks continue to make all-time highs, and our economy and housing market continue to recover. There is absolutely no denying that we are in a strong recovery - NFPs have been consistently positive, interest rates remain low, and stocks continue to rise. All of these indicators point to a sturdy, unshakeable recovery that continues to chug along despite the perceived 'economic turmoil' in Europe and China. And as our Federal Reserve and government continue to nurture this recovery with monetary and fiscal stimulus, we can expect to see more improvements and a new age of prosperity emerge in America and the rest of the world. So raise your heads, relax your shoulders and smile - you live in the best country in the world on the precipice of untold economic prosperity. Never before have had the opportunity to live under such advanced scientific economic management, and to reap the rewards thereof. This really is, to put it simply, the best time to be alive.

Jul 4, 2012 10:31 AM

It's amusing to me that doomer goldbugs still can't see that US Treasuries are the true safe haven, whereas gold is a risk asset. While gold has  sold off over the last few months, the 10 year yield has been making new all time highs. Furthermore, these record low yields prove that there is simply no inflation, despite the whining from nerdy libertarians, and that our creditors are more eager than ever to build their dollar reserves. I am confused that Goldbugs and Silverbugs reject the safe-haven status of US treasuries despite their 20 year track record.

Jul 4, 2012 10:55 AM

If there is no demand for our Treasuries, then how do you explain the record low rates? This is proof that the world values both the dollar and the full faith and credit of our elected officials more than ever. This has been highlighted yet again by the fierce safe-haven bid for US treasuries during the Eurozone crisis.

Jul 4, 2012 11:06 AM

I agree. This measure wasn't strictly necessary, as the OWS movement is well-meaning and therefore their solutions are guaranteed to have positive outcomes. A predictive analysis of the policies is not required, as good intentions always lead to positive outcomes.

Yes, they did indeed tell us so. The OWS movement has been on the Libor case for many years, and now they are finally being vindicated. I'm glad to see that the Zero Hedge readership is finally waking up and joining the progressive revolution. It seems my efforts to educate readers are finally starting to pay off.

Jul 4, 2012 11:24 AM

"real interest rates on the 2-year today are higher than they averaged during the boom years up to 2007 ... All the Fed’s accommodative action has been almost meaningless"

This is grossly inaccurate. The 2-year yield has risen due to expectations of a renewed operation Twist. The yields on longer dated treasuries will remain low for the foreseeable future due to safe-haven demand from investors, sovereign nations looking to build their dollar reserves AND due to the wise and sensible accomodative actions of our Federal Reserve and congress. I know it's difficult for doomer goldbugs to accept, but it's the truth.

Jul 4, 2012 9:41 AM

The Occupy Wall Street Movement has hired a team of researchers to carry out an extensive investigation to get to the bottom of this scandal. The team carried out an analysis of libor fixings going back over a number of years, and they have now come to the unanimous conclusion that this could have been prevented if the libor fixings had simply been mandated by the state, instead of a few selected investment banks. The reasoning behind this proposal is that while Corporations are motivated by profit and personal gain, government regulators are motivated by solid principles and a selfless commitment to virtue.  

Jul 4, 2016 12:11 PM

Donald Trump represents a rejection of economics, political expertise and science, in favor of sensationalism and quaint notions of populism. It's time for world leaders to stand up to the ignorance of the masses and take charge of the global economy. Democratic rights are granted by those in power, but when those rights are abused by the common man, it is up to the political, economic and social elite to take back control and steer society toward the common good. Today's article at the Accredited Times urges world leaders to take charge of the political process and defend decades of progress from populist uprisings.

Jul 4, 2016 9:09 AM

In celebration of the 4th of July, it is important to remember the limitations of personal freedom, as well as the advantages. Today's article at the Accredited Times urges world leaders to take charge of the political process and shut down the populist uprisings that threaten global peace and prosperity.

Jul 5, 2012 6:00 PM

The new financial system will be a compassionate one. One where consumers are simply not able to make bad choices, because they will be illegal. One where derivatives like options, futures and swaps are a thing of the past, and speculators are tried for their crimes against humanity. A committee of compassionate, caring and selfless regulators will be delegated the responsibility of looking after us, and they will be given the right to 

1. Punish us if we make the wrong choice

2. Reward us for making the right choices

It's essentially a CBT approach. Positive reinforcement for good behaviour, like supporting green technologies, and negative consequences for making choices that contradict the preferences of the regulators. One of the major issues with adult life today is that there are no parents or teachers to guide us and tell us right from wrong. Children have caregivers, but who do adults have? I would argue that the role of the government is to BE OUR PARENTS as adults. This is the ultimate purpose of the progressive revolution.

Jul 5, 2012 7:19 PM

I really liked this article, which highlights the role of “public-private” initiatives in the 21^st century:

Jul 5, 2016 11:10 AM

Hoarding gold and silver should be illegal for retail investors, because it is not a real investment. Non-accredited investors should be forced to put their money in a safe fund managed by a respected investment manager. This would force people to invest in the real economy instead of keeping their capital out of circulation in useless metals. In addition, it would ensure that uneducated investors are protected from making dangerous esoteric investment decisions that lose them money. It would be a win-win for everybody.

Jul 5, 2016 12:07 PM

I agree with the FBI director's decision. This whole supposed 'scandal' was completely overblown and seized upon by conservatives to ruin Hillary's reputation. The nature of this investigation is purely political and only serves to bolster the popularity of fringe political figures like Donald Trump. I'm glad this whole thing is over and done with now so we can get back to the issues that Americans really care about, like keeping healthcare affordable, and increasing the minimum wage for underpaid workers.

Jul 5, 2016 12:09 PM

The whole investigation was unfounded and inappropriate during a presidential election anyway. Get over it ... geeze.

Jul 5, 2016 12:29 PM

If it's so serious then why didn't the FBI director bring any charges? I trust the FBI director because he knows a lot more than I do about these things. I'm not arrogant enough to assume that I know more about security matters than the FBI.

Jul 5, 2016 8:15 AM

This is not even a problem, because these loans can simply be transferred to the ECB, who is willing to do whatever it takes to protect Europe's economy. Unfortunately Britain no longer has the protection of the ECB, and thus their economy is in freefall. Let Britain be an example to the rest of Europe of how disastrous leaving the EU truly is. The only path to prosperity in Europe is through European unity, pure and simple.

Jul 5, 2016 8:32 AM

But the Bank of England is much smaller and can only issue pounds, which are soon to be worthless now that Britain has ignited an economic disaster.

Jul 5, 2016 8:41 AM

The UK economy is in free fall! Normally I'd say that property is a guaranteed investment, as I think it is elsewhere, but even that's no longer true in Britain. I told you what would happen if Britain left the EU. Every economic expert, including President Barrack Obama himself predicted that it would be a disaster, and now look - they were right! Let this be a lesson to other European countries thinking of going down this route. It may sound like a great idea to 'take back your sovereignty' and 'make your own trade deals', but when you weight up the economic consequences, it's simply not worth it.

Jul 5, 2016 9:49 AM

You don't believe that the President of the United States of America is an economic expert? I feel sorry for you.

Jul 6, 2012 10:37 AM

It's all about "public-private" initiatives. This is the compromise that we're all looking for. Successful public-private initiatives include:

1. The emergency financing of AIG and General Motors

2. Government financing of green technologies

3. Public hiring of construction contractors to build roads and bridges

4. Congress working with health insurance companies to make sure that everyone gets good quality healthcare

5. The CIA working with companies like GOOGLE to track and monitor potential domestic terrorists

The thing I love about 'PP' initiatives is they appeal to people from all parts of the political spectrum. Let's stop arguing and AGREE on something for once. What kind of public-private schemes do YOU want to see? I want to hear YOUR ideas.

Jul 6, 2012 11:57 AM

I find all this hysteria about libor "manipulation" quite amusing. Libor is set by some of the smartest  people in the world at a few selected top tier investment banks. I would like to see these Zerohedgers actually confront these successful traders in real life. These guys are at the top of their game, and would literally laugh in the faces of spotty Zerohedge computer nerds and pathetic greasy day traders trading a single s&p mini contract.

Jul 6, 2012 6:20 PM

I'm looking forward to another awesome night out this Saturday. Unfortunately for libertarians, if you want to get the best girls you simply have to be a progressive. Nerdy libertarians, uptight rednecks and raving hillbillies just don't stand a chance on the dance floor. Cool girls gravitate toward smart, sensitive and ambitious progressives, not spotty libertarian computer nerds or silverbug preppers with stacks of eagles buried in their back yard in preparation for the 'apocalypse'. Doomer libertarians need to get out more, or they risk becoming completely detached from society and from life. 

Jul 7, 2016 10:19 AM

I'm so glad that Hillary is free from these idiots! I knew they were wrong. It just doesn't make any sense that she could be guilty of something so heinous.

Jul 7, 2016 10:21 AM

It's such a blessing that Hillary is now free from these hideous right-wingers trying to bully her over this inconsequential emails 'scandal'. I feel so relieved for her, and I'm so happy that she no longer has to deal with the stress of this whole debacle, that really is too much for a woman to bear. Now that she has been exonerated, she can get back to running her campaign, and I hope that she will pick up a lot of new supporters now that every educated person knows she is innocent.

Jul 7, 2016 10:22 AM

Will right-wingers ever apologize for being completely wrong about this investigation? I'm not holding my breath ...

Jul 7, 2016 10:43 AM

Totally agree with the professor's sentiments! It doesn't matter how evidence we give conservatives, it doesn't matter how much we reason with them - they just don't give in! Conservatives aren't willing to be reasonable, so why should we? Guns are killing people, and we're told that we can't act because of some constitutional amendment that was written hundreds of years ago? It's madness! Things need to change now, and I don't care what it takes to make it happen!    

Jul 7, 2016 12:12 PM

I think this is just awesome. I'm sick of these macho drivers who relish the feeling of 'being in control'. This constant need to be in control is an ugly side of human nature, and is associated with aggression, testosterone and unstable behavior. We need to learn to 'let go' as a species, and start to relax more. Technology is making our lives easier than ever before, and liberals are embracing it. But uptight conservatives are eternally fearful, and continue to lash out at anything new or progressive.

Jul 7, 2016 12:25 PM

This is an unacceptably racist article! Are you seriously going to only focus on sexual assaults by Muslims? What about the millions of crimes committed by white males all over the world every day! Muslims are an oppressed minority! They are not in a position of power! How can you write an entire article criticizing an already oppressed group!?

Jul 7, 2016 12:27 PM

Muslims are mostly non-white, so this is really just thinly veiled racism. Everybody can see it, so there's not point in hiding it.

Jul 7, 2016 7:17 AM

Yet another casualty of America's lax gun laws. Unfortunately, for as long as America refuses to implement common sense gun laws to restrict access to dangerous firearms, this kind of incident is going continue to happen. And the blood of innocents is on the hands of right-wingers, who stand in the way of these reforms.

Jul 8, 2015 11:08 AM

Yet more proof that capitalism needs regulation. If the IT department at this company had been forced to undergo a comprehensive audit this would never have happened. Liberals keep warning about these risks, but nobody ever listens. 

Jul 8, 2015 11:08 AM

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Jul 8, 2015 11:41 AM

I believe there are many opportunities for companies to exploit the social media revolution, as smart phone and tablet usage continues to rise globally. Some estimates predict smart phone ownerwhip to reach 2 Billion people by 2016, which will connect a staggering number of people to the modern economy. All of this spells opportunity for multinationals who will be looking to exploit new internet and mobile marketing channels to improve their bottom lines.

I also see global spending increasing as the consumer gains more confidence and governments align their fiscal policy with spending targets. This will also profoundly improve corporate profits.