Turkey & the Real Risk of a Debt Crisis

by Martin Armstrong The Treasury and Finance Ministry of Turkey announced that the country’s net external debt stock totaled $286.2 billion going into the end of the 3rd quarter of 2018. The country’s net external debt stock to its gross domestic product (GDP) ratio was 34.4% at the end of the third quarter of 2018. However, … Read more

Cher: Los Angeles ‘Can’t Take Care of Its Own, How Can It Take Care of’ More Immigrants

Via Breitbart Pop icon Cher said Sunday that Los Angeles, California, “can’t take care of its own” residents, much less newly arrived illegal and legal immigrants. Cher said she failed to understand how the city of Los Angeles in the sanctuary state of California could afford to admit and take care of any more immigrants when … Read more

How May Was Installed, How She Hid Defence Ties To The EU, How The Media Lied About The October Brextension

by John Ward In a triple-header of revelations today, The Slog assembles the evidence to condemn the Prime Minister as an anti-democratic, unconstitutional and enthusiastic supporter of Superstate hegemony and coordinated European defence. We trace her suspicious rise to power, the defence agreements signed during 2018 that nobody knew about, and how the media have been … Read more

IMF WARNING TO GOVERNMENTS: Get Your Debt Under Control Before Next Recession!

by Mac Slavo of SHTFplan The International Monetary Fund issued a bold and stark warning to governments around the globe.  If these governments want any hope at all of surviving the next global economic recession, they had better get their debt under control. While the financing of the debts held by governments is not a huge problem currently, … Read more

Visualizing the Cost of Living Around the World in 2019

by howmuch The Economist’s Intelligence Unit recently released its 2019 Worldwide Cost of Living report, which compares 400 individual prices across 160 products and services in 133 cities around the world. Our latest visualization takes 20 of these cities, as provided in the free version of the report, and compares the cost of four different products … Read more

Scientists print world’s first 3-D heart

A team of Israeli researchers has “printed” the world’s first 3-D vascularized, engineered heart.   On Monday, a team of Tel Aviv University researchers revealed the heart, which was made using a patient’s own cells and biological material. Until now, scientists have successfully printed only simple tissues without blood vessels. “This is the first time … Read more

We Have Seen This Happen Before The Last 3 Recessions – And Now It Is The Worst It Has Ever Been

by Michael Snyder Since the last financial crisis, we have witnessed the greatest corporate debt binge in U.S. history.  Corporate debt has more than doubled since then, and it is now sitting at a grand total of more than 9 trillion dollars.  Of course there have been other colossal corporate debt binges throughout our history, … Read more

30 Extremely Bizarre “Florida Man” Stories That Prove That America Is In Far More Trouble Than We Thought

by Michael Snyder “Florida Man” just keeps getting into more trouble.  In recent years, “Florida Man” has become one of the Internet’s hottest memes, and there is never a shortage of new material because residents of the state seem to have a knack for getting arrested for some of the most bizarre crimes imaginable.  So … Read more

No Fix for Recession: Without a Financial Crisis, There’s No Central Bank Policy Fix

by Charles Hugh-Smith There are no extreme “fixes” to secular declines in sales, profits, employment, tax revenues and asset prices. The saying “never let a crisis go to waste” embodies several truths worth pondering as the stock market nears new highs. One truth is that extreme policies that would raise objections in typical times can be … Read more

Everything Is Wonderful, Markets Are Cheap, Sentiment Is Modest, A US Trade Deal Will Fix Everything… NOT

EVERYTHING IS WONDERFULMARKETS ARE CHEAPSENTIMENT IS MODESTA US TRADE DEAL WILL FIX EVERYTHING [NOT] https://t.co/AFDP32xwQX — mcm-ct.com (@mcm_ct) April 15, 2019 Remember China March trade, esp imports contracting further? Want to see wut it looks like per country breakdown? It's ugly. Everyone is seeing Chinese demand slowing, even France😬. Red everywhere. Even stellar Australian exports … Read more

$VIX has gone from over-20 to under-12 within 60 trading days (about 3 months). What will happen next?

You've probably noticed that $VIX has gone from over-20 to under-12 within 60 trading days (about 3 months). Would you like to see on a $SPX chart every time that's happened in the past? Bears see 2007.Bulls see almost everything else. pic.twitter.com/SIFu3oyPZq — OddStats (@OddStats) April 14, 2019 Early 2018 marked an important top — … Read more

Gold implied vol now at all-time lows meanwhile near 50% of US yield curve inverted, stocks near record overvalued, record margins….

Gold implied vol now at all-time lows! Meanwhile: Near 50% of US yield curve inverted. Stocks near record overvalued.Record margins.Longest bull market ever.Outrageously bullish sentiment.Fed flipped dovish.Record global debt/GDP. Nothing wrong here… pic.twitter.com/EnusG9yTER — Otavio (Tavi) Costa (@TaviCosta) April 14, 2019

Comparing the $SPX index growth with earnings growth. The index is 2.33 times more expensive than it was at the top of the housing bubble.

via @AndysCycles: The index is 2.33 times more expensive than it was at the top of the housing bubble. 3 valuation charts for your amusement. Corporate profits up 3% per year since 2006. $SPX over total business sales at all-time high. SPX over total construction spending at all-time high.