Lunes 15/06/15 La decision del Fed

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Greenspan Dashes Recovery Hopes: "Housing Stagnation Is Here To Stay"
Submitted by Tyler D.
06/12/2015 - 18:20

Ten years ago this week, Alan Greenspan made his infamous comment about signs of 'froth' in the housing market. A decade later, CNNMoney's Cristina Alesci sat down with the Former Federal Reserve Chairman and got his perspective on real estate. It's stuck in a rut, or as he puts it, "we haven't come out of the bottom [of the housing collapse], we are in a secular stagnation."

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Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"
Submitted by Tyler D.
06/14/2015 - 23:30

The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government. Is this the first step down a road to secession?


Eurozone To Impose Capital Controls On Greece If No Deal By Weekend: German Press
Submitted by Tyler D.
06/15/2015 - 14:57

Just as we hinted earlier when we reported that the ECB may use the "nuclear option" on Wednesday and yank Greek ELA, here comes German Suddeutsche Zeiting with a report that Eurozone countries have reached a Greek emergency plan which calls for the imposition of capital controls on Greece if no deal is concluded by the weekend.

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Hillary Clinton Backs Fast-Track On Obama's Trade Deals
Submitted by Tyler D.
06/15/2015 - 15:55

Hillary Clinton actually supports Barack Obama’s trade-policy, and even supports the way in which he is trying to get it through Congress. However, the news-media didn’t report it that way. Hilary is repeating her earlier tactics, in 2008, when she tried to give the impression that she had opposed her husband Bill Clinton’s NAFTA, though in fact she had earlier bragged about how great it was for the country and claimed it as if it were her own.

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In Dramatic Decision Judge Finds Fed Bailout Of AIG Was "Illegal", Government "Violated Federal Reserve Act"
Submitted by Tyler D.
06/15/2015 - 16:44

"Starr alleges in its own right and on behalf of other AIG shareholders that the Government’s actions in acquiring control of AIG constituted a taking without just compensation and an illegal exaction, both in violation of the Fifth Amendment to the U.S. Constitution.... Having considered the entire record, the Court finds in Starr’s favor on the illegal exaction claim. As the Court noted during closing arguments, a troubling feature of this outcome is that the Government is able to avoid any damages notwithstanding its plain violations of the Federal Reserve Act. "

- U.S. Court of Claims Judge Thomas Wheeler

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Warren Buffett And Weather Forecasts
Submitted by Tyler D.
06/15/2015 - 18:10

"Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices."


China Mocks G7 As "Gathering Of Debtors", Warns "Confrontation Will Be A Disaster For Europe"
Submitted by Tyler D.
06/15/2015 - 16:17

"Since the very beginning of the establishment of the G7, it has been a rich-man's club that consists of Western major powers and aims to maintain the collective hegemony of the US-led West. Whether the G7 will become a geopolitical tool or a Cold War relic largely depends on European countries. Unlike the US, Europe shares a closer geopolitical and economic links with Russia. If the G7 becomes a platform for the confrontation between the West and Russia, it will undoubtedly be a disaster for Europe."