by WARREN MOSLER Seems to me this divergence has been stretched to the limit: And this chart from Daniele Della Bona shows how dipping into savings via borrowing adds to interest expense that further reduces savings when other personal income is lagging: And this shows the gap: And from a different angle: And this was also … Read more
by: Clint Siegner, Money Metals The Commodity Futures Trading Commission levied fines against three European Banks on Friday for “spoofing” the futures markets, including COMEX gold. Six traders were arrested yesterday. “Spoofing” involves placing buy or sell orders in order to move markets in a desired direction then canceling the orders before they get executed. … Read more
As Cole explains: This is all great as long as volatility is low or dropping, as long as markets are stable.But, in the event that we have a reversal in this, there’s two trillion dollars of equity exposure that self-reflexive-driving lower vol can reverse in a quite violent way. And this is just equity vol, … Read more
Okay y’all I realize that this is older news but I just became aware of it and wanted to share. I rarely go use 7-eleven but as of now I’ll be avoiding it all together. 7-Eleven Clerk Refuses Service To Soldier “She said, ‘You’re in the military?’ I said, ‘Yes,’” Brown told KIRO. “She said, … Read more
by Simon Black Earlier this month, General Electric took a $6.2 billion charge to its insurance unit for the fourth quarter. And the company said it will set aside another $15 billion over seven years to bolster reserves at GE Capital. The charge had to do with long-term care policies (to pay for nursing homes and … Read more
by John W. Whitehead History has a funny way of circling back on itself. The facts, figures, faces and technology may change from era to era, but the dangers remain the same. This year is no different, whatever the politicians and talking heads may say to the contrary. Brush up on your history, and you’ll find … Read more
by Chris What happens when the public officials get a hold of the public purse and begin to grant themselves pay raises? The usual of course. It’s just gone so terribly far off the rails for CA that it’s impossible to see anything other than a crack-up at some not-too-distant point. For example, visiting the … Read more
Via Branco Vote Democrat! For Trannies, Illegals and to MAKE TAXES HIGHER AGAIN!
The effort to destroy President Trump and others on his campaign is backfiring. Those who protected Hillary then tried to cover it up are now literally shaking in their boots. The “FISA abuse” memo will be released showing the Democrats and intel agencies were in cahoots. Tucker Carlson just called them out in a fantastic … Read more
The Last Refuge remarked that you can generally tell when the house of cards begins collapsing by how deep CNN’s Jake Tapper is forced to reaches into his bag of disingenuous tricks. The best line of the entire video was by Rep. Gaetz: And you know what Jake? When you read the memo, it’s going … Read more