“Mum & dad are lending money to their kids so their kids can afford to pay the prices demanded by mum & dad & their friends. It’s like a giant Ponzi scheme but where the victims are your children.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. As the economic growth in the UK … Read more
Breaking: Documents Reveal Obama White House Attempted to Take Over Spygate Investigation
https://www.youtube.com/watch?v=SBLqNOst7b4 Prosecutors question Comey for probe into McCabe http://www.foxnews.com/politics/2018/… Trump fires back at McCabe’s secret memo, says Comey firing not about Russia http://www.foxnews.com/politics/2018/… F.B.I. Official Wrote Secret Memo Fearing Trump Got a Cover Story for Comey Firing https://www.nytimes.com/2018/05/30/us…
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The old question: When will she buckle? Shares of Deutsche Bank fell 7.2% today in Frankfurt to €9.16, the lowest since they started trading on the Xetra exchange in 1992. They’re now lower than they’d been during its last crisis in 2016. And they’re down 71% from April 2015. This came … Read more
by Michael Snyder When sales have declined for 26 quarters in a row, you have got to know that your days are numbered. Once upon a time, Sears was an unbeatable retail powerhouse. It survived two world wars and the Great Depression, but thanks to competition from Amazon and other online retailers it may not even survive 2018. … Read more
by Michael Snyder All of a sudden, the mainstream media is starting to sound a lot like The Economic Collapse Blog. Throughout the Obama years, the mainstream media in the United States always seemed extremely hesitant to suggest that difficult economic times may be ahead, but now talk of “another global financial crisis” seems to be all … Read more
https://www.youtube.com/watch?v=GcdaRBCxdCg Good afternoon. I’m still reporting on the coup — in Italy. Here’s Tucker’s take: [insert] The reason the incoming finance minister was alarming to markets and investors was because he was likely going to withdraw Italy from the Euro and return Italy to its sovereign money, the Lira. This could, of course cause a … Read more