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No Company is Too Small to Fail 

Pending Mortgage Applications Might Not Be What They Seem

About Half the US Population is Jobless

Silent Minority Accumulating Physical Gold

Simple Reason There Will Not Be a V-Shaped Recovery

The Fed CARES

Fed Especially Likes Automakers and Technology

Reflections on Fed Leverage

Muni Buying - Illinois is Special

Starbucks Bails on Facebook Ads

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No Escape for Gold Shorts 

For discussion of gold shorts, please see More Gold Hype: No Escape for Shorts

12 Ideas From 7 People 

  • Danielle DiMartino Booth
  • Jim Bianco
  • Lance Roberts
  • John Hussman
  • Gold Telegraph
  • Lisa Abramowicz
  • Me

Moral Hazard on Steroids

DiMartino Booth get the idea of the day award: No Company is Too Small to Fail. 

In context, she means, No Company is Too Small for the Fed to Bail.

There is no price discovery as a result. Instead, we have moral hazard on steroids.

Mish