Category Archives: Zero Hedge

Varoufakis Warns “Cloud Of Fear Over Europe Becoming Worse Than Former Soviet Union”

The cracks in the foundation, walls, and ceiling of the European Union are beginning to widen. During an interview with Italian State TV RAI3, Greek Finance Minister Yanis Varoufakis hinted at Greece’s “New Deal for Europe” strategy (to be financed by the EIB) but it was the glimpse behind the curtain of EU solidarity that Read More

Gallup CEO: “America’s 5.6% Unempoyment Is One Big Lie”

The biggest threat to a corrupt regime is when truth moves away from the “conspiracy theory” fringes and into the mainstream. Which is why we thank Jim Clifton, Chairman and CEO of Gallup, for daring to tell the truth to those who care to listen. Posted first on LinkedIn The Big Lie: 5.6% Unemployment Here’s Read More

“Nobody Has Any Idea How Disastrous It’s Going To Be” Warns California Water Expert

Newly released images created from NASA satellite data illustrate the staggering effect the California drought has had on groundwater supply in the state. As Mashable’s Patrick Kulp explains, the images show the amount of water lost over the past 12 years, with different colors indicating severity over time. “Nobody has any idea how disastrous it’s Read More

More Than Just Gas: Is This Natural Resource The Reason For The Ukraine Civil War?

Earlier today, we got a definitive confirmation that when Obama was talking about “costs” when jawboning on the ongoing Ukraine civil war, he envisioned not only Germany, and thus Europe, both of which are teetering on the edge of a triple-dip recession due to Russian sanctions, but Ukraine itself. The reason: the Ukraine economy appears Read More

How Financial Bubbles Fester And Burst – Even As The Fed Says Not To Worry

By David Stockman In today’s post Wolf Richter offers some solid insights on the dynamics of financial bubbles which merit further comment. The starting point is to recognize that once they gain a head of steam, financial bubbles tend to envelope virtually every nook and cranny of the economy, creating terrible distortions and destructive excesses as Read More

End Of Empire – The ‘De-Dollarization’ Chart That China And Russia Are Banking On

History did not end with the Cold War and, as Mark Twain put it, whilst history doesn’t repeat it often rhymes. As Alexander, Rome and Britain fell from their positions of absolute global dominance, so too has the US begun to slip. America’s global economic dominance has been declining since 1998, well before the Global Read More

53 Million (Low Paid & No Benefits) Temps: All You Need To Know About The “Jobs Recovery”

After years of ignoring the obvious, the Federal Reserve has been finally forced to admit that the labor force participation rate matters, and in fact has started to point it out as a clear negative when it comes to Yellen’s “dashboard” of thresholds which will allow the Fed to raise rates (for the obvious reason Read More

It Begins: CFR Proposes that “Central Banks Should Hand Consumers Cash Directly”

… A broad-based tax cut, for example, accommodated by a program of open-market purchases to alleviate any tendency for interest rates to increase, would almost certainly be an effective stimulant to consumption and hence to prices. Even if households decided not to increase consumption but instead re-balanced their portfolios by using their extra cash to Read More

Elliott’s Paul Singer On Gold, Inflation, And The Global Monetary Delusion

“Although the levitation of financial assets has yet to levitate gold, we will grit our collective teeth on that score and await either ‘asset price justice’ or the ‘end times,’ whichever comes first.” Authored by Paul Singer, excerpted from Elliott Management’s latest letter to investors, GLOBAL MONETARY DELUSION – MORE COWBELL Central bankers think they Read More

The “Gates” Are Closing: SEC Votes Through Money Market Reform – Another Step in Prep for Next Crisis

It was nearly five years ago when Zero Hedge first wrote: “This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied” in which we predicted as part of the ongoing herding of investors away from every other asset class and into stocks, regulation will be implemented to enforce that Read More