“Cash-Strapped” Venezuela Stares Into The Abyss… And Its Default Risk Goes Parabolic…(Who’s Next?!)

Tuesday, December 9, 2014
By Paul Martin

by Tyler Durden 12/08/2014 Some two weeks ago (when Venezuela CDS was trading at 2300 bps) we previewed what – with almost absolute certainty – would be the first “casualty of the crude carnage” – Nicholas Maduro’s little socialist paradise that couldn’t: Venezuela. As a reminder, back then we learned that the OPEC... »

The Death Rattle of Europe’s Statist Dream

Tuesday, October 21, 2014
By Paul Martin

By: Rick Ackerman Market Oracle Oct 21, 2014 Europe’s all-too-predictable relapse into recession is gathering force, threatening not only the pipe dream of economic and political unity, but eroding grandiose illusions that have helped prop up the world’s financial house of cards. The unwillingness of France in particular to play by the EU’s —... »

Martin Armstrong Warns “A Mad Max Event Is Possible”

Friday, October 10, 2014
By Paul Martin

from Armstrong Economics 10/10/2014 We are at a crossroads. The tree has been cut. Which way will it fall – authoritarian or democracy? We can make a difference. Step one is understanding what is the problem. At least then we can address a solution with some reasonable game plan. We have a great... »

France Crushes Socialist Welfare Dream, Admits “Living Beyond Its Means” For 40 Years

Thursday, October 9, 2014
By Paul Martin

by Tyler Durden 10/09/2014 Facing up to the pressures of responsibility as a member of the European Union – having been told their treaty-busting budget plan was unacceptable – it seems France is resorting to the worst case scenario – cut spending! As Bloomberg reports, the glory days of France’s welfare model may... »

The Decline & Fall Of Europe: French Farmers Set Tax Office On Fire

Tuesday, September 23, 2014
By Paul Martin

by Martin Armstrong 09/23/2014 French vegetable farmer have set a tax office and a building on fire destroying the government facility which was the symbol of the increasing administrative burden and sanctions that is killing farming. The background is that for years the bureaucracy for farmers have magnified the economic decline and their... »

The War on Poverty Has Been a Colossal Flop… $22 trillion!

Tuesday, September 16, 2014
By Paul Martin

Robert Rector September 16, 2014 Today, the U.S. Census Bureau will release its annual report on poverty. This report is noteworthy because this year marks the 50th anniversary of President Lyndon Johnson’s launch of the War on Poverty. Liberals claim that the War on Poverty has failed because we didn’t spend enough money.... »

Does France Need A 21st Century Revolution?…” Dirigisme, the French version of socialist capitalism, has failed.”

Monday, September 1, 2014
By Paul Martin

by Saxobank’s Steen Jakobsen 08/31/2014 French President François Hollande unveiled his new government under Prime Minister Manuel Valls on August 26, and there have been a few changes. While most senior ministers have retained their positions, economic minister Arnaud Montebourg was replaced by Emmanuel Macron, a former investment banker and economic adviser at... »

Legend Warns More Shocking Global Chaos On The Horizon

Wednesday, August 27, 2014
By Paul Martin August 27, 2014 Today a legendary value investor warned King World News that more shocking global chaos is on the horizon. Below is what the legendary investor, Jean-Marie Eveillard, who oversees more than $85 billion, had to say about the tremendous danger the world faces in this fascinating interview. Eveillard: “The French president,... »

Obamacare Opposition Spikes To All Time High

Friday, August 1, 2014
By Paul Martin

Sarah Hurtubise 08/01/2014 Opposition to the health care law skyrocketed in July to reach the highest point ever, according to a Friday tracking poll from the Kaiser Family Foundation. The pro-Obamacare health care nonprofit found that 53 percent of Americans view the health care law unfavorably right now, up from 45 percent in... »

Indexation Is A Socialist Way Of Allocating Capital

Sunday, July 27, 2014
By Paul Martin

by Tyler Durden 07/26/2014 “In effect, by pursuing indexation we have introduced a socialist way of allocating capital in the heart of the capitalist system… As we all know, socialism is the ultimate form of freeloading. It has never worked, and it never will. This indexation is one of the most obvious forms... »

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