On Wire

by Mark Angelides Illinois is now spending over 100% of its monthly revenue and talk of Chapter 9 bankruptcy has begun; Congress has yet to step in, but chatter predicts it may not be much longer. The problem remains that until Illinois (and more specifically Chicago) changes its economically suicidal policies, there is almost nothing … Read more

By Michael Snyder The Senate health care bill was unveiled on Thursday, and it appears to be dead on arrival.  At least four conservative senators say that they can’t vote for the current version because it doesn’t go far enough, while several moderate Republicans are expressing concerns that it goes too far in repealing popular … Read more

by BILL BONNER DUBLIN – Oil fell below $43 yesterday. Brick-and-mortar retailers are being emptied. The auto industry – including $1.2 trillion in auto debt – is stalling. Meanwhile, restaurants are having trouble filling their tables. Consumers aren’t buying, perhaps because their incomes have gone approximately nowhere for decades. House ownership is at its lowest level … Read more

by Chris Not sure if you’ve heard of Home Capital Group, a fairly large mortgage lender up here in Canada. They’ve recently had a run on deposits and required emergency funding in order to stay a going concern. Would be interesting to hear your comments on it. Article on it below. To me it signals … Read more

by Umar Farooq China’s debt has risen dramatically in the past decade, largely the result of credit fed to state-owned enterprises in the wake of the global financial crisis. China debt situation is not only growing in size but also at the rate that economists and policy analysts feel is difficult to sustain. To some, … Read more

by Mark Angelides Both in the US and the UK, the issues of mental health care, treatment and support are areas that almost all of the main political parties are in agreement on: more must be done. But why is it that this apparently growing problem is not being investigated as other health concerns invariably … Read more

by Umar Farooq Nike has come up with a shocking news for its employees. It has said it will cut its global workforce by 2 percent in a broad restructuring, a move seen as a reflection of the company’s somewhat weakened competitive position and a sagging retail sector. Nike had 70,000 employees at the end … Read more

by Pamela Williams I learned so much today that my mind has been blown.  I will never be the same, because for so very long I wanted to know what changed my America.  How did the enemies of my Country gain access to the top of the political chain?  Who is really trying to impeach Trump? … Read more

By Michael Snyder It has become exceedingly clear that the Democratic Party is in deep trouble.  Close to 55 million dollars was spent on the race in Georgia’s sixth congressional district, and that shattered all kinds of records.  Democrat Jon Ossoff was able to raise and spend six times as much money as Karen Handel … Read more

by Umar Farooq Canada is a G7 country with a varied economy. As one of the US’ largest trading partners, what happens in the Canadian economy can have consequences for the rest of the world. One issue in Canada that has nervous bankers, investors, homeowners and the government is the sharp spike in real estate … Read more

by Robert Carbery Peter Beinart’s enlightening in-depth piece in the July issue of The Atlantic digs into the left’s drastic transformation on immigration. In it, Beinart details just how far liberals have gone in just the last decade to the left on immigration, shifting from following federal immigration law to touting open borders.   He … Read more

by Robert Carbery It is becoming clear now that the U.S. will maintain a military outpost in Afghanistan for the foreseeable future.   With Secretary of Defense James Mattis set to announce the deployment of an additional 5,000 American troops to Afghanistan in the coming weeks after Trump handed over authority on Tuesday to Mattis … Read more

Financial expert and former top Federal Reserve insider Danielle DiMartino says, “I think gold is in the very late stage of a correction phase. Once we get a sniff of true market reaction to any of these geopolitical events, I think you could see gold take off like a boomerang or a hockey stick. . … Read more

Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one … Read more

by Mark Angelides Protestors took to the streets of London purportedly in response to the tragic fire at Grenfell Towers; but the reality is that this is nothing but the Militant Left using undemocratic means to force another election. Politicians are to blame for this directly; it is no coincidence that Labour Shadow Chancellor, John … Read more

By Michael Snyder Do you have an emergency fund?  If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country.  I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially.  Back in 2008 when … Read more