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Finance


What's Avant-Garde Now? Social Innovation
submitted by mephisto 1 day ago (via zerohedge.com)
Submitted by Charles Hugh-Smith of OfTwoMinds blog,What qualifies as true avant-garde? Degrowth qualifies--and very little else.In the 20th century, avant-garde was a term primarily reserved for the arts: fine arts, music, performance and literature. Avant garde--literally fore-guard or vanguard-- challenges the conventions of Status Quo measures of beauty and departs from traditional forms and co
 
The Market Says Markit Is Full Of It: Global PMIs Are Painting An Unrealistically Rosy Picture
submitted by mephisto 1 day ago (via zerohedge.com)
Markit (not to be confused with the centrally-planned market) is best known for providing its monthly survey of national (seasonally-adjusted) manufacturing and service industry coincident businesses (whose results just may be released milliseconds early to select, highly paying HFT clients). Surveys which, such as today, are released after extensive adjustments and revisions, at key inflection po
 
Chart Of The Day: "Cost Of Living" Edition
submitted by mephisto 1 day ago (via zerohedge.com)
If you thought an Ivy League education was beyond your reach financially, try jail in New York City...Thank you Federal Government War On Drugs... h/t @ConradHackett
 
The Investing World In 10 Objects
submitted by mephisto 1 day ago (via zerohedge.com)
What do an old German bank note, a current $100 bill, and an apple all have in common? The answer, according to ConvergEx's Nick Colas, is that these simple objects can tell us much about the current investment scene, ranging from Europe’s economic challenges to the U.S. Federal Reserve’s attempts to reduce unemployment. Colas takes an “object-ive” approach to analyzin
 
Meet Janet Dupree:72, Alcoholic, HIV-Positive, $16,000 In Student Debt: "I Won't Live Long Enough To Pay It Off"
submitted by mephisto 1 day ago (via zerohedge.com)
One would think that Janet Lee Dupree, 72, a self-professed HIV-infected alcoholic, would be slowly putting aside material worries as she prepares to set the intangibles in her life in order for one last time. One would be wrong. Janet Dupree has had her wages garnishedAs she admits, "I am an alcoholic and I have HIV," she tells the BBC. "That's under control." So what is the cause of most if not
 
The Canadian Patriot Act Arrives: Ottawa To Give Security Agencies More "Detention And Surveillance" Powers
submitted by mephisto 1 day ago (via zerohedge.com)
Stop us when the flashbacks to September 11, and its Patriot Act aftermath, become too close for comfort. s Reuters reported moments ago, Canadian Prime Minister Stephen Harper said on Thursday the government will expedite plans to give more powers of detention and surveillance to security agencies in the wake of an attack on Parliament."They need to be much strengthened, and I assure you, Mr. Spe
 
The Biggest Threat To America
submitted by mephisto 1 day ago (via zerohedge.com)
Presented with no comment...Q: "Who is going to defend the country without the Army?"Zappa: "From what? The biggest threat to America is its own federal government... Will the Army protect anybody from the FBI? The IRS? The CIA? The Republican Party? The Democratic Party?... The biggest dangers we face today don't even need to sneak past our billion-dollar defense systems... they issue the contrac
 
40% Of Eurozone Banks Are In Bad Shape
submitted by mephisto 1 day ago (via zerohedge.com)
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,David Myers Theatre on 9th Street. Washington, DC July 1939 Reuters has had a busy day today reporting on Europe’s banks and the stress tests the European Banking Authority is set to unveil on Sunday. And which put the EU and ECB on a see-saw like balancing act between credibility and panic.The news bureau started off in the earl
 
New York's First Ebola Case? Doctor Treating Ebola Patients In Guinea Rushed To Bellevue Hosptial
submitted by mephisto 1 day ago (via zerohedge.com)
Just when you thought it was safe to assume that Ebola-in-America was fixed (one day into Ron Klain's tenure as Ebola Czar), NYPost reports some rather disquieting news. A New York City doctor - who returned from treating Ebola patients in Guinea 10 days ago - has been rushed under police escort to Bellevue Hospital... He is being tested for Ebola. Market liquidity has dried up instantly!*PATIENT
 
"Real" Stock Volatility In October Highest Since Lehman
submitted by mephisto 1 day ago (via zerohedge.com)
While VIX pumped-and-dumped (in a manner never seen before in its history), 'real' volatility of the day to day moves across the major stock indices remains extremely elevated. For the Nasdaq and Dow Transports, the average true range over the last few weeks is the highest since the post-Lehman collapse...   The Dow, S&P, and Russell 2000 are back at the highest average true ran
 



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