Photo by Flikr.com | CC BY | Photoshopped From Birch Gold Group In an attempt to calm a lending market rattled from liquidity issues last week, it appears the Fed is going to continue repo operations well into October. According to CNBC, “The process will involve three 14-day operations involving $30 billion as well as continued overnight operations of at least $75 … Read more
by LeJonJames31 Sworn statement from the Ukrainian prosecutor fired because of Joe Biden’s threat. Paragraphs #8 & 9 Full affidavit below: Joe Biden’s statement:
The GOP has put together a letter ask AS to resign. The [DS] players are in a panic, each one is speaking up calling Trump name and pushing impeachment, those who scream the loudest. The whistleblower is a [DS] operative and the entire stage was setup for this individual to push the agenda. It is … Read more
The EU/establishment are right on schedule, the BREXIT date is closing in and they have started the fear mongering. Most likely the fear mongering will intensify as we get closer to the date. The Fed has started stimulus and is creating currency and pumping it into the banks to keep them afloat. Trump mentioned at … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Rents in Chicago’s toniest ZIP codes are practically reasonable compared to the craziness elsewhere. OK, this is mind-boggler of a juxtaposition: The most expensive ZIP code to rent an apartment in is 10282, which covers Battery Park City, stretching along the Hudson River at the southern tip of Manhattan, where the … Read more
Hedge-fund manager Steven Cohen and Michael Bloomberg are among those ruing the day they bought the crushed shares of the UK bank touted as a “bargain.” By Nick Corbishley, for WOLF STREET: Even by its own recent standards, Metro Bank has had a torrid week. On Monday, shares of the British retail bank tumbled 5%, on Tuesday, … Read more
Authored by Michael Shedlock via MishTalk, Trump wants to cure trade imbalances via tariffs. It cannot possibly work. Another Look at NAFTA One of my readers proposed that problems US balance of trade issues started with NAFTA. Wrong! Please consider Disputing Trump’s NAFTA “Catastrophe” with Pictures: What’s the True Source of Trade Imbalances? Explaining Balance of … Read more
BY JOHN RUBINO Stock prices are high and fairly stable, while interest rates are low and fairly stable. A casual observer might infer from this that the global financial markets are experiencing one of those fabled Goldilocks moments where everything is just right. But under the surface things are anything but just right. Among the … Read more
by Egon von Greyerz The next explosive phase in the precious metals market has just started. As always is the case, the beginning is so slow that only the wealth preservationists and the gold bugs are seeing it. But since these are less than 1/2% of world financial assets, it means that virtually no one … Read more
