https://twitter.com/HenrikZeberg/status/1002555553388822528 Corporate debt to GDP is at its high point, all the while the underlying credit rating has continuously deteriorated. Another side affect of easy money. pic.twitter.com/f7vBGkVdiA — Michael Lebowitz, CFA (@michaellebowitz) May 31, 2018 dshort.com does some of the …
by DCG Homeless in Seattle… You know what that means: The local governments are going to need more taxpayer dollars! From Spokesman Review: For the first time, King County’s annual one-night count of homelessness found more than half of homeless people were sleeping outside …
by Michael Snyder Don’t get too excited about the “good employment numbers” that you are hearing about from the mainstream media. The truth is that they actually aren’t very good at all. For years, the federal government has been taking numbers …
by jessefelder Much has been made of the plunge in the Smart Money Index this year and for good reason. In the past, major downturns in the index like we are witnessing today have proved to be prelude to major downturns in …
via Business Insider: The Everything Bubble has made the inflation of the second housing bubble, now well further into its mania stage than the subprime bubble got, go largely unnoticed. As ZIRP, QE, and the resultant wild risk-asset inflation has …
by Thinker Tough times for the big banks are upon us. The summer of 2018 will be remembered for a long, long time as the Summer from Hell for the legacy financial system! https://youtu.be/VmHzDpcnh14 Germany and the ECB will need …
by Thinker To sit and watch all the different new world order species/races jockeying for a position to keep their heads above water and keep ahead of the last lie. Hillary Clinton didn’t win, and if you can’t believe it, …
From Martin Armstrong: The head of Spain, Spanish Prime Minister Mariano Rajoy, who sent in troops against Catalonia has been one of the most corrupt politicians in modern time. At last, he has been overthrown by Parliament after an unprecedented corruption …
by Kimble Charting During the stock market correction and current consolidation, we have received several mixed signals and indicators. The Dow Jones Industrials, Nasdaq, Banks, and Semis all hit key long-term resistance in early 2018 and pulled back. This isn’t necessarily bearish, …
Épater la bourgeoisie or épater le (or les) bourgeois is a French phrase that became a rallying cry for the French Decadent poets of the late 19th century including Charles Baudelaire and Arthur Rimbaud. It means to shock the bourgeoisie. —Wikipedia. ● Shot: But executives at ABC and …
by Chris Black As that famous saying goes, black lives matter, or at least that’s the theory. As a matter of fact, if you come to think about it, all lives matter, not only black lives, that if you want …
by Raúl Ilargi Meijer Nikolay Dubovsky Became Silent 1890 “European Stocks Surge Celebrating New Spanish, Italian Governments”, says a Zero Hedge headline. “Markets Breathe Easier As Italy Government Sworn In”, proclaims Reuters. And I’m thinking: these markets are crazy, and none of …
via UPFINA: Witness the charts below that show how the current statistical “recovery”, benefiting the very few by inflating the price of risk assets, has come at the expense of the very many. Almost nobody is a mental health facility …
from Zero Hedge Adding insult to ruinous injury, just hours after Deutsche Bank stock crashed to all time lows after it was revealed that it had been put on the Fed’s “secret” probation list one year ago, overnight S&P downgraded Deutsche …
by Jim Quinn Record low unemployment rate my fat ass!!! Don’t believe the BLS bullshit. Scanning the Household data proves it is bullshit. If the economy was booming the number of people not in the labor force would be declining, …
via @tomwfranck “I think we’re in a rolling bear market,” said Mike Wilson, Morgan Stanley’s chief U.S. equity strategist. “It’s fooling everybody at the index level, but there’s a lot of pain out there.” The strategist’s comment came as the S&P 500 fell 0.3 percent …
VISA has been hit by a “service disruption” which is blocking payments across Europe – with one frustrated customer comparing it to “the apocalypse”. Others described scenes of “bedlam” in supermarkets. Paymentsense, an organisation which offers card facilities to small …
BY JOHN MAULDIN I recently released a series of articles about the looming crisis I call “the Train Wreck”, which received a lot of attention and comments. Some of my readers view this crisis as being a repeat of the 2008 fiasco. That’s …
This is sad to see as the “new standard.” The term of auto loans is increasing as well. A lot of loans today are originated on 72 or 84 month repayment schedules, which is absolutely insane. via CNBC: The average …
DB math… Credit rating downgrade+scandal+lawsuits+low morale = risk off – BTMFD pic.twitter.com/feAuffR20j — Vincent (@vinman205) June 1, 2018 Deutsche Bank Credit Default Swap readings have been a great indicator of panic for the overall global stock markets. Spikes in late …
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 …
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 …
https://twitter.com/RealDavidJensen/status/1001970602599645184 US Debt Growth vs GDP growth. ‘Deleveraging’ debt = maintaining $3.45 of added debt per $1.00 of GDP growth ea year @ 0% interest rates. Watch what happens now as rising rates bite w/ $30T of excess debt in …
by Chris Black Yesterday’s article was dedicated to the public lynching of Roseanne Barr by the cowards on the left side of the force (the dark side that is). I described cancelling Roseanne’s conservative-leaning show following a bad joke on …
by Chris The British Defense Secretary that told Russia to “shut up and go away” is hammered in an interview, and by “hammered” I mean pressed to actually answer a simple given question about that use of language. He dodged, …
Savings Rate Tumbles Back Near Record Lows As Americans Spend More Than Make… While US personal incomes grew, as expected, at 0.3% MoM, Americans resumed spending fare more than they make (increasing 0.6% MoM in April). For the 28th month …
https://youtu.be/fvXOfq3AB8s The EU parliament will vote on Article 13 in less than a month. Article 13 will get rid of “fair use”, will make platform operators reliable for coypright infringements of its users (the only way to not be held …
by Jim Quinn Margin debt of $300 billion. Only three times the size of the Dotcom bubble and the housing bubble. What could possibly go wrong? It’s all good. No worries. The machines have it all under control. Their algorithms, …
by Michael Snyder One trade war may be enough to push the struggling global economy into another recession, but the U.S. government has apparently decided that it is time to fight trade wars with pretty much all of the major economies around the …
by Michael Snyder The new 5G cell phone network that is being rolled out across the nation is going to make communicating by cell phone super smooth and super fast. It will basically revolutionize the entire cell phone industry, and for …