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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12 Ideas From 7 People 

  • Danielle DiMartino Booth
  • Jim Bianco
  • Lance Roberts
  • John Hussman
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  • 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

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Nonsensical Idea of the Day: "Bitcoin is a Ponzi Scheme"

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