By Egon von Greyerz As the dark years are approaching, the world is now approaching survival mode. Admittedly, if you go to a high class restaurant in New York, London or Zurich, there are no signs of misery but instead of incredible affluence. What is happening to middle America or England has not yet reached Wall … Read more
At the time, Biden issued a statement mourning her death pic.twitter.com/87QzWUMgdt — Charlie Spiering (@charliespiering) September 28, 2022 h/t Ragnar_Lothbrok
by Martin Armstrong Shelter costs have continued to rise in the US. Recent data provided by Redfin shows that the national average increased by 11% YoY this August. Costs are expected to decline as people simply cannot afford to pay more. Additionally, the supply is expected to increase as there are around a million rental … Read more
FYI the Fed just barely started tightening. S&P in red. Buckle up. Call your Moms h/t polloponzi
South Korean authorities told CNBC on Wednesday that they have asked two cryptocurrency exchanges KuCoin and OKX to freeze more than $60 million worth of bitcoin linked to Do Kwon. Kwon is the founder of Terraform Labs, the company behind the algorithmic stablecoin terraUSD or UST and its sister token luna, whose $60 billion collapse sent … Read more
by Boo_Randy Now she can collect more “speaking fees” from the Wall Street investment banks who have been the sole beneficiaries of her disastrous tenures as Fed Chair and Treasury Secretary. https://www.dailymail.co.uk/news/article-11256845/Treasury-Secretary-Janet-Yellen-preparing-depart-White-House-midterms-Report.html The White House is preparing for Janet Yellen to leave her post as Treasury Secretary as soon as November as Americans rank the … Read more
By Graham Summers, MBA The financial system is beginning to break. The Bank of England (BoE) is now the first major central bank to lose control of its respective bond and currency markets. Last week, the new government in the U.K. introduced a series of tax cuts to stimulate the economy. British government bonds, also … Read more
Americans’ holdings of corporate equities and mutual fund shares fell to $33 trillion at the end of the second quarter, down from $42 trillion at the start of the year. With major market indexes falling further since July, experts say losses from financial markets could total $9.5 trillion to $10 trillion. Economists say the drops … Read more
