Aram Zucker-Scharff

“Isn’t home ownership a crucial cog to any healthy economy? Well, as Germany shows—and Gershwin wrote—it ain’t necessarily so.”

– Most Germans don’t buy their homes, they rent. Here’s why.

Why Germans pay cash for almost everything:

As banks, technology giants and would-be disruptors such as Square scrummage over the payment system of the future, German consumers seem perfectly happy with the payment system of the past. Germany remains one of the most cash-intensive advanced economies on earth. On average, wallets in Germany hold nearly twice as much cash—about $123 worth—as those in…

The German word for debt comes from the root word for guilt. Also, a pretty good discussion of ‘everyone’s favorite hyperinflation’. 

“”There’s the middle group — where they’re acting like full-time employees and being paid like contractors. That group is disenfranchised.””

– Does Silicon Valley Have a Contract-Worker Problem?

Fed’s Fisher Admits “Fed Has Levitated Markets”, Warns Of “Signs Of Excess” | Zero Hedge:

FOMC voting-member Richard Fisher is among the sanest voices in the Eccles Building asylum and he is once again sounding alarms that all is not well in US financial markets: *FISHER SAYS FED HAS ‘LEVITATED’ MARKETS, SEES SIGNS OF EXCESS IN FINANCIAL MARKETS Furthermore, Fisher notes The Fed can’t force companies to hire, and would like to see rate hikes as early as Spring 2015.

Hahaha “Levitates” it makes the Fed sound like a bunch of innocent stage actors instead of a group of aholes using taxpayer money to inflate the bottom lines of big companies and the wealthy at the expense of the middle class. Yes, ‘levitate’ is not the word I’d use for ‘inflated the economy to the largest bubble it has ever had and thrown the entire world economy on to the top of a precipice.’

But sure, we can pretend we’re wizards instead.