On Wire

Josh Sigurdson talks with author and economic analyst John Sneisen about the massive debt bubble facing down Canadians across the board as credit quality continues to diminish and loans get crazier and crazier. The banks are feeling the results of this credit problem. Banks are already heavily insolvent considering their cash to deposit ratio is … Read more

The first sane thing he’s done in a while: http://archive.is/6wNGa    

A global recession without the USA? That's what I'm hearing. Reminds me of the clowns who were talking about decoupling back in 2008. No such thing. Sorry to be the one to tell you. — David Rosenberg (@EconguyRosie) March 4, 2019 BofA: "we revise down 1Q 2019 growth to 1.0% from 1.5%. The revision largely … Read more

We have reached “Peak Wheat” production globally as the current 4% decline in yields is not enough to cover the demand on our planet. There is enough to supply if we continue to dig into carryover stocks and reserves, but at these rates this will last for five years maximum, all the while global yields … Read more

Henry Rodgers from The Daily Caller reports, A 2016 CNN interview with Michael Cohen appears to contradict part of his Wednesday congressional testimony in which he claimed he did not want to work in the White House. https://www.youtube.com/watch?v=FX6C1CvwRas Read More/Source/Credit/FairUse: https://dailycaller.com/2019/02/28/co…      

Neetu Chandak from The Daily Caller reports, A Missouri daycare center is facing heat after released video footage showed a teacher throwing a 3-year-old girl against classroom cabinets Feb. 1. https://www.youtube.com/watch?v=ZmJ1uhRDnpQ Read More/Source/Credit/FairUse: https://dailycaller.com/2019/02/28/ch…      

Audrey Conklin from The Daily Caller reports, The New York Police Department (NYPD) issued warnings to its officers regarding MS-13’s plans to “hit” their homes while they are off duty to improve the gang’s “street credibility.” https://www.youtube.com/watch?v=xarldcK0HE0 Read More/Source/Credit/FairUse: https://dailycaller.com/2019/02/28/ms…  

Apparently nobody learned any lessons from 2008. Derivative products are dangerous. Investors have are purchasing less of the same types of derivatives that caused the Financial Crisis. But do not be deceived. They’re still putting massive amounts of money into derivatives. Just a new set of monsters. Here we go again. Do you think that … Read more

from Zero Hedge Two weeks ago, the NY Fed made waves in the finance community when it reported that a record 7 million Americans are delinquent on their auto loans. Of course, to regular readers, none of this was new as we covered that exact same topic back in May 2018 when we reported that “Subprime Auto Loan … Read more

by AnonDidNothingWrong I think the average was less than 1000/year. 82,000 in the past 15 months is odd. Maybe it has something to do with Trumps crackdown on MS-13? Or maybe it has something to do with swamp draining? Or.. idk. Something is up Some were unsealed, obviously. They state in the pic that they … Read more

by independenttrader In recent months, the US Stock Market provided a real mood swings. It is worth to briefly recall what has actually happened. In the beginning of October, US shares has finally began to react to what is really going on in the world. Persistent rally on the American Stock Exchanges had to finally stop … Read more

He packs a lot of wisdom into 8 minutes     AC

https://youtu.be/oQwP0aud7Kc People who are not Politically active will react to these type of Red Pill’s they are so BIG and so EASY to understand. It breaks through the Propaganda and Conditioning     LSD

Decades after capitalism seemed to have triumphed over socialism, politicians are once again arguing about the merits and drawbacks of these opposing economic systems. Why are we still having this debate? Andy Puzder, former CEO of the parent company of Hardee’s and Carl’s Jr., explains the misconceptions that keep the debate alive.    

dehurlock, Released on 8/18/08 Jim Cramer explains how the game is played by those at the top.      

by Lance Roberts Earlier this month, I penned an article asking if we “really shouldn’t worry about the Fed’s balance sheet?” The question arose from a specific statement made by previous New York Federal Reserve President Bill Dudley: “Financial types have long had a preoccupation: What will the Federal Reserve do with all the fixed income securities it purchased to help … Read more

The Next “Big Short” Trade Is Back: Malls Are On The Cusp Implosion … Again Over the last 48 hours, several big names in the American mall industry announced they would be slashing store counts to the tune of over 300 stores. Gap said during its earnings call that it is going to shutter 230 … Read more

by DCG One million dollars in payment for sexual misconduct and Kamala knew nothing about it? Um, okay. Doesn’t speak much of her great concern for victims of sexual harassment. From NY Post: The California Department of Justice paid more than $1 million to employees who alleged they faced sexual harassment or workplace retaliation while presidential candidate … Read more

”Social Media” possibly one of mankind’s greatest problems. SUCH SADNESS AND ISOLATION IT SEEMS TO BRING US.     JM

by WARREN MOSLER Well done Professor Kelton! Stephanie Kelton explains Modern Monetary Theory This is particularly ridiculous: U.S. offers up to 6 million barrels of oil from emergency reserve (Reuters) The U.S. Energy Department said on Thursday it is offering up to six million barrels of sweet crude oil from the national emergency reserve in … Read more

A large storm system is finally making its way to New York City, and forecasters are telling folks here to expect 6-9″of snow in northern New Jersey and NYC. If accurate, that will be the largest snow storm to hit the NYC area this season. Weather radar shows the storm on final approach: Significant snow … Read more

Once the UK breaks away from the UK, the US is ready to make a bilaterial trade with the UK, this will benefit the UK and the US. Other countries are ready and willing. There are two economies that running simulataneously at the same time, the [CB] which is imploding and the Patriot economy which … Read more