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MUST READS The Fed ‘is a god that has failed’ – CNBC Fed signals caution on rate hikes – Reuters How Bad Is China’s Debt Problem, Really? – Bloomberg SocGen warns of ‘tidal wave of corporate default’ – Financial Times The ‘Panama Papers’ Expose the Secret World of the 1% – Time The Economist’s website… Continue Reading Thursday Morning Link

MUST READS Central banks are already doing the unthinkable – Telegraph Helicopter Money Takes Flight as Latest Drastic Monetary Idea – Bloomberg BofA Explains Why The ECB Will Be Forced To Buy Junk Bonds – Zero Hedge Surviving Suspect in Brussels Airport Attack Has Reportedly Been Arrested – Vice News When it comes to… Continue Reading Wednesday Morning Links

MUST READS ‘Markets are falling apart,’ says Jeff Gundlach – CNBC Junk bonds’ warning signs flashing red for global economy – Telegraph Bitcoin creator ‘is 44-year-old Australian’, claims Wired – BBC Bitcoin’s Creator Is Probably This Unknown Australian Genius – Wired Australian police raid Sydney home of reported bitcoin creator – Reuters Bitcoin price surges… Continue Reading Wednesday Morning Links

MUST READS China manufacturing contracts for third month in a row – Guardian Asian shares drop as China PMI triggers doubts about economy – MarketWatch Here’s How Much QE Helped Wall Street Steamroll Main Street – Bloomberg As Swedish Central Bank Fights Deflation, Housing Bubble Worries Mount – NY Times Russian Jet Crash Was… Continue Reading Monday Morning Links

MUST READS How the Fed Saved the Economy – Bernanke, WSJ Bernanke wanted Wall Street’s worst in jail – CNN/Money Lashed To The Zero Bound –  The Fed’s Ship Of Fools – Contra Corner Fed’s Dudley: U.S. lacks bubble-fighting tools – MarketWatch Policy Makers Skeptical on Preventing Financial Crisis – NY Times U.S. system designed… Continue Reading Monday Morning Links

MUST READS Hedge Funds Gear Up for Another Big Short – WSJ Apple stock tumbles as iPhone sales disappoint – CNN/Money Stocks Drop as Apple Drags Techs Lower, Commodities Resume Slide – Bloomberg Alexis Tsipras Transforms Himself as He Sells Greek Bailout Terms – NY Times ECB Readies for Greece Return as Banks Still… Continue Reading Wednesday Morning Links

The IMF’s latest report on slowing growth in the global economy makes it easy for a skeptical reader to connect a few dots regarding the latest round of central bank sponsored malinvestment in general (a word that clearly doesn’t exist in the modern economists’ lexicon) and the shale oil boom/bust… Continue Reading Shale Oil as a Poster Child for Malinvestment

Stephen Roach talks to Kelly Evans of CNBC about how the Federal Reserve is currently making the same mistake it made during the last two asset bubble inflations. Coming up on the 10-year anniversary of this blog in March, it’s worth pointing out that Roach graced the very first post (on the… Continue Reading It Didn’t Have to Be This Way

The most memorable quote during this Matt Taibbi interview on the The Daily Show with Jon Stewart last night comes at about three minutes in when, in response to the oft-asked question of why no bankers are in jail as a result of the financial crisis, Taibbi remarks, “There’s this… Continue Reading Matt Taibbi on The Daily Show

MUST READS Yellen takes the host seat – Reuters What to Watch for in Yellen’s Testimony – WSJ Wall Street rises ahead of Yellen’s testimony – xinhuanet Gold At New 2014 High Ahead Of Yellen’s Testimony – Kitco China’s 500-tonne gold gap fuels talk of stockpiling – FT($) Treasury’s Little Buddy(.pdf) – International Economy Bitcoin and… Continue Reading Tuesday Morning Links