via publicfinanceinternational: Funding shortfalls for state and local pension funds are a key source of fiscal fragility in the United States. Research by IMF economists indicates that government employee pension fund assets are significantly smaller than their rapidly growing liabilities. A severe shock in the future could affect resources significantly, making fiscal adjustment necessary, the research indicates. … Read more
by confoundedinterest My Kuroda! Yes, The Bank of Japan’s Haruhiko Kuroda (the current governor) has greatly expanded the BOJ’s balance sheet of assets. Starting in 2012, Japan’s house price index has soared along with BOJ’s total assets p;urchases. In a similar fashion, the US Federal Reserve embarked on a historic market intervention starting in late 2012 affectionately … Read more
via @adam_tooze: Great graphic from @DeutscheBank via @SoberLook
If you are on the inside of a big tech company, NOW is the time to contact Project Veritas: https://www.projectveritas.com/brave/
By observing the eye movements of schizophrenia patients while playing a simple video game, a University of British Columbia researcher has discovered a potential explanation for some of their symptoms, including difficulty with everyday tasks.
“This is the weapon of a Jedi Knight. Not as clumsy or as random as a blaster. An elegant weapon… for a more civilized age.” The potential uses of this in medicine are exciting. Of course, they may be weaponized in the future. “Nothing says welcome to the future like having your wound fixed by … Read more
via thedailybeast: The constant trickle of bad press has resulted in some charities and political candidates keeping their distance from the perverted hedge-funder. In 2006, former New Mexico Gov. Bill Richardson said he’d distribute Epstein’s $50,000 campaign donation to charities throughout the state, while New York’s gubernatorial candidate Eliot Spitzer and attorney general hopeful Mark Green … Read more
Spent some time looking at DB’s reports / presentation. To understand DB’s problem you need to look back at Lehman. Here is Lehman’s last report (https://www.sec.gov/Archives/edgar/data/806085/000110465908045115/a08-18147_110q.htm) – if you look at assets / liabilities – their total assets were 639,432 million and total equity was 26,276. In essence levered 24:1. This high leverage means that … Read more
I hope you found this one informative. They give us these prepackaged statistics and they only tell you a very limited amount of information. Dig just one layer deeper and suddenly we see a much better picture. What do you think? There is a perpetual lie that is told to the public: Everything is fine. … Read more
by PoliticalHumorn Seems Wikipedia has altered Epstein’s bio already. First screenshot of Epstein’s bio was at 8:27 a.m. The 2nd was at 10:30 a.m. omitting Bill Clinton & Spacy yet leaving Trump! That is frightening. Same exact bio of different times.
by Adam Michael Every, Rabobank’s Head of Financial Markets Research Asia-Pacific, shares my view on today’s bizarro markets: If one ever wanted a perfect example of just what a mess we are in globally, look at the market reaction to Friday’s payrolls data. Even with the caveats offered in the last Daily (that the data … Read more
by Adam Where to from here? It all depends on what investors think Powell will do next:
by Sparky1 It is my understanding that Deutsche Bank (DB) is too important a globally interconnected bank that poses such an acute systemic risk that TPTB will not let it fail. I am not a financial expert, but my “un-educated” guess is that the central banks (CBs), now as the Buyers-of-Last-Resort, will somehow buy/subsume those … Read more
Are you thinking about investing your spare cash in something new? Find out about the industries that you might want to invest in here. Are you thinking about making an investment in 2019? There are so many opportunities popping up all over the place and so you need to make sure that you are choosing … Read more
by Michael Snyder We are about to open up a can of worms that could turn our entire country completely upside down by the time it is all said and done. Billionaire Jeffrey Epstein’s horrific crimes have been well known for a very long time, and I have been writing about them for many years. … Read more
by Michael Snyder Are we about to see some of the biggest names from Hollywood, Wall Street and Washington actually go to prison? As I discussed in the first part of this series, the prosecution of Jeffrey Epstein has the potential to erupt into the biggest scandal that America has ever seen. The U.S. Attorney’s Office … Read more
by howmuch 2018 in general was not a great year for stocks, with the S&P 500 down 6.2%. However, the CEO compensation of S&P CEOs continued to rise, reaching a median of $12.4 million in 2018. What explains this unprecedented rise in executive compensation, and is it reason for concern? Our viz highlights the results of … Read more
by Top_P0st Obvious statement is obvious, I know. Here is the deal, though. This topic is SO politically charged and important that your average, honest user, that is blinded by politics, will be here throwing shade one way or the other. There will most certainly be government actors and paid political activists here trying … Read more
by Adam Taggart Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one. ~ Charles Mackay (1841) Like me, you may often feel gobsmacked when looking at the world around you. How did things get so … Read more
global stocks are due for a growth scare – the whole 2h19 rebound is fake news pic.twitter.com/NvJSrXRmtq — Alastair (@StockBoardAsset) July 8, 2019 pic.twitter.com/SB54lpmZBs — M/1_LP (@MI_Investments) July 8, 2019 nowhere near a trough pic.twitter.com/HDtO72wO6c — Alastair (@StockBoardAsset) July 9, 2019 the american industrial slowdown is very real pic.twitter.com/C16SyCw8Hb — Alastair (@StockBoardAsset) July 9, 2019 … Read more
by Amy S. Are you ready for a major stock market crash and the next Great Depression? We continue to get more indications that U.S. economic conditions are going to deteriorate rapidly during the second half of this year. Yesterday, I reported on a brand new survey which found that 69 percent of U.S. CFOs … Read more
Getting into prestigious schools is suspiciously easy for some. #Tucker #FoxNews AC
by Simon Black Every time I come to Singapore I can’t help but marvel at its spectacular rise. I have a number of local friends who have been living here since independence in the 1960s, and they tell me the most incredible stories about how impoverished and underdeveloped Singapore was back then. Things were so backward … Read more
By The Phoenix The two biggest catalysts for the stock market rally are over. Those catalysts were: 1) The hope of a Fed rate cut. 2) The hope of a Trade Deal between China and the US. Regarding #1, the Fed June meeting resulted in no rate cuts. And last week’s jobs numbers greatly reduce … Read more
