by goldsilver Fast and easy. This is how debt flows at the top of a cycle, at peak bubble inflation. Cov-lite loans are an excellent example of cheap, uncollateralized, highly risky debt. And their issuance, as an overall percentage of US leveraged loans, is at all-time highs. According to a report last week from the … Read more
by Chris Black You know that saying, the future’s not what it used to be? Well, the same goes for progress. After all, no one said getting full multicultural and progressive would be a walk in the park. To get to the point, according to a Daily Mail piece, crime rates are skyrocketing in Sadiq … Read more
By Barry Donegan After Massachusetts State Police officers were found misappropriating exorbitant six-figure sums of overtime, Gov. Charlie Baker’s administration announced new policies to keep officers accountable including body cams, staffing and overtime audits, and GPS monitoring of vehicles. Republican Massachusetts Governor Charlie Baker announced reforms to the state’s scandal-plagued state police earlier this month … Read more
From Birch Gold Group Hurricane Harvey isn’t done yet. First it hit the Gulf Coast, then it hit Hollywood (Harvey Weinstein)… And now it’s hitting Harvey, Illinois, a town of 25,000, in the form of a major pension crisis that includes laying off 40% of its firefighters. That is just the tip of the iceberg, because … Read more
Newsbud’s founder and editor Sibel Edmonds and Spiro discuss the closed-door Pentagon budget deal. They also cover interventionism, foreign aid and the sellouts on Capitol Hill who claim they represent the public.
https://www.youtube.com/watch?v=kgoGhFXu4SY Both of you were great in front of congress. AC
Josh Sigurdson reports on a couple who’ve been growing their own food (half of their supply of food each year) on their front lawn for 17 years. Hermine Ricketts and her husband, Tom Carroll were handed a notice by their local government in Miami that they must dig up their garden. According to the code … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Slightly good news for workers, bad news for employer profits, and combustible fuel for the Fed’s monetary-policy tightening machine. Total compensation costs for civilian workers — which include wages, salaries, and benefits of workers in the private sector and in state and local governments — increased 2.7% seasonally adjusted, over the … Read more
by Simon Black Is it Friday again? Must be time for another banking scandal! Seriously– these banking scandals are happening with such regularity and predictability it would be almost comical. . . were it not for the millions of people who have had their lives turned upside down. The latest transgression involves, once again, our old … Read more
