The people voted to scrap the project that was one-third finished, $4 billion over budget, mired in allegations of corruption, and built on an unstable lake-bed. But it has a life of its own. By Nick Corbishley, for WOLF STREET: A year ago, the Mexican people — albeit a small fraction of the electorate — voted to scrap … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But it’s even worse than it looks. And this time, there is no jobs crisis. This time, it’s the result of greed by subprime lenders. Serious auto-loan delinquencies – auto loans that are 90 days or more past due – in the third quarter of 2019, after an amazing trajectory, reached a … Read more
by Charles Hugh-Smith The anti-social carnage unleashed by Corporate America’s “lock-in” / negative network effects has no real limits. Here’s the U.S.economy in a nutshell: Corporate America is an anti-social Black Plague, gorging on cartel-monopoly profits reaped from negative network effectsrunning amok, enriching the few at the expense of the many and concentrating political power in the … Read more
Authored by Kelli Ballard via LibertyNation.com, California used to be the dream place to live and work. With its range of landscapes, beaches, mountains, pleasant weather, and fertile soil, people flocked to the Golden State to make a better, more enjoyable life for themselves and their families. In days past, “California or bust!” could be seen on … Read more
Looks like HK about to have a total breakdown — Ken Rose (@KenRose99542254) November 14, 2019
https://twitter.com/pondermint/status/1194765190908252162 FED'S POWELL SAYS THE FED THINKS IT HAS REPO MARKET ISSUES UNDER CONTROL — *Walter Bloomberg (@DeItaone) November 13, 2019
Here's the chart:https://t.co/6e0OrhYuAm — Nick Reece (@nicholastreece) November 13, 2019
Deutsche Bank told U.K. regulators that it still has ongoing problems processing high-value payments despite more than three years of remediation efforts, the Financial Times (FT) reported on Sunday (Nov. 10). The German bank’s executives met with Bank of England (BoE) officials at the end of October following an internal audit examining its compliance with expected standards, sources told … Read more
https://twitter.com/hks55/status/1194615376945926144 He's been reading my Twitter thread. https://t.co/sRyiQ0VC1j — Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) November 13, 2019 Powell: U.S. debt is ‘on unsustainable path,’ crimping ability to respond to recession Fed to Congress: It may soon be your turn to save the economy, so get your finances in better shape. Federal … Read more
https://twitter.com/Fxhedgers/status/1194765847501230081 More green shoots https://t.co/KiagAGnnBu — Greg (@GS_CapSF) November 13, 2019 Urgh, no good news here from Australia: full-time jobs falling by 10.3k & part-time is falling by -8.7k. So u bet that Australian households, who are already most indebted in Asia (and amongst the most in the world), won't go for a shopping spree. … Read more
https://www.reuters.com/article/us-boeing-deliveries/boeing-orders-sink-as-customers-opt-to-swap-max-idUSKBN1XM24M Net orders so far this year came to just 45 at the end of October, down from 56 in September, further widening the gap on sales this year with the company’s European rival Airbus SE (AIR.PA) which has now sold nearly 500 more planes. That’s what happens when you’re responsible for ending 300+ … Read more
https://www.google.com/amp/s/www.wsj.com/amp/articles/fed-adds-111-909-billion-in-temporary-liquidity-to-markets-11573568940 The intervention came in two parts. One was via overnight repurchase agreements totalling $76.943 billion. The other came from a 14-day repo totaling $34.966 billion. Eligible banks sought less liquidity than the Fed was willing to offer.
by Bill Bonner YOUGHAL, IRELAND – Our dreary job is getting drearier and drearier. We used to lighten it up with jolly mockery. “Laugh and know,” was the Roman poet Martial’s formula. You only really understand the absurdities, vanities, and stupidities of the world when you can laugh at them. Then, they are entertaining rather than … Read more
Via International Man International Man: There is a growing homelessness crisis in liberal West Coast cities, including San Francisco, Portland, Seattle, and many others. People living on the street are overrunning these cities. Residents must deal with human feces, syringes, disease, and filth every day. In some areas, it’s worse than the dirtiest slums of … Read more
by John W. Whitehead Come you masters of war / You that build the big guns You that build the death planes / You that build all the bombs You that hide behind walls / You that hide behind desks I just want you to know / I can see through your masks…. You fasten all … Read more
https://www.youtube.com/watch?v=_825ezpohk8&feature=emb_title https://articles.mercola.com/sites/articles/archive/2019/11/08/google-censorship-buries-mercola.aspx?utm_source=youtube&utm_medium=video&utm_campaign=Content_GoogleDrugCompany Google’s parent company Alphabet launched Calico and Verily Life Sciences – pharmaceutical companies engineering new drugs. Google changed its algorithms to lower rankings of natural health websites that it says contradict the medical consensus. Verily Life Sciences, also known as Verily, is Alphabet Inc.’s research organization devoted to the study of life sciences. … Read more
by Jim Quinn https://twitter.com/NorthmanTrader/status/1194586476547387392 U.S. budget deficit jumps 34% in October, gap set to top $1 trillion in 2020 The numbers: The federal government’s budget deficit in October rose 34% from a year earlier to $134.5 billion, putting the U.S. on course to top the $1 trillion mark in fiscal 2020 for the first time in … Read more
By Julianne Geiger Mexico’s state-run Pemex has no intention of paying the ransom that cyber attackers have requested, Mexico’s Energy Minister and Pemex board chairman Rocio Nahle said on Wednesday, according to Reuters. Cyber attackers targeted Pemex’s administrative headquarters in Mexico City, without disruption to it’s the oil company’s plants and wells. Nevertheless, the incident highlights the … Read more
https://www.youtube.com/watch?v=Gu8otHgI0iY YouTube’s new terms of service state that the company can now delete channels that it deems at its sole discretion are not “commercially viable”.
by hererightnowrightnow Has anyone else noticed the new manipulation tactic being used by the media? If you know anyone in your life who complains about the economy, the collusion of corporations and government (corporatism), the systematic exploitation of the American people, the economy designed to maintain the current power structure, or anything else of a … Read more