The world’s central banks have created another huge bubble that is in the process of bursting. So many people, including the IMF, have highlighted the issue.

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Great article. The world’s central banks have created another huge bubble that is in the process of bursting. So many people, including the IMF, have highlighted the issue. Mom and Pop are going to be mightily pissed when their ‘safe’ investment grade Corporate bond fund blows up https://t.co/QQvWeCfTg7 — Albert Edwards (@albertedwards99) November 8, 2019 … Read more

Netflix co-founder on a potential password sharing crackdown: ‘You’re not scared, are you?’

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Streaming giants and cable companies, led by Netflix (NFLX) and HBO (T), are reportedly considering ways to crack down on password sharing among streaming users. “You’re not scared, are you?” Netflix Co-Founder & First Netflix CEO Marc Randolph told Yahoo Finance’s YFi PM, later adding: “You know there’s abuse and that’s not fair.” It’s common among streamers to … Read more

Negative Yielding Bonds Turn into Punishment Bonds

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter After peak negative-yield-absurdity in August, bond prices fell – the “bond bloodbath” – and the mountain of bonds with negative yields has plunged by $5 Trillion, or by 30%, despite rate cuts. The 10-year US Treasury yield rose on Friday to 1.94%. That’s still very low, and below inflation as measured … Read more

No Recession Ever Again? The Yellowstone Analogy

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by Charles Hugh-Smith Just as forestry management’s policy of suppressing forest fires insured uncontrollable conflagrations, so central banks’ attempts to eliminate recessions insure a financial conflagration that will burn down the entire global financial system. The first task of those at the levers of neoliberal global capitalism is to deny that global capitalism is in … Read more

The State of the American Debt Slaves, Q3 2019

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Paying the University-Corporate-Financial Complex and the big bifurcation. Student-loan balances jumped by 5.1% in the third quarter compared to Q3 last year, or by $80 billion, to a new horrifying record of $1.64 trillion, having skyrocketed by 120% in the 10 years since Q3 2009, according to Federal Reserve data released Thursday afternoon. … Read more

Chinese govt planning to bailout its reckless banks before debt bombs go off and economy collapses!

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At the same time, years of borrowing have left the country’s financial system riddled with trillions of dollars’ worth of debt. Much of it is hidden off the books, raising the prospect of potentially devastating debt bombs lurking in unexpected corners. Chinese officials are now trying to clean up the banking system, but the process … Read more

The Landscape For U.S. Earnings Has Already Deteriorated Tremendously; Debt Spiraling Out Of Control And Economy Faltering

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The Landscape For U.S. Earnings Has Already Deteriorated Tremendously pic.twitter.com/xJj2WM1SK7 — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) November 9, 2019 ⁌@FactSet⁊ reports that with 89% of S&P 500 firms having reported Q3, the -2.4% eps being tracked & 3.2% revenue growth both lowest since Q3, 16. Broaden out universe to Russell 3000 & adjust for inflation. … Read more

Saudi Aramco publishes its IPO prospectus (658 pages!), but doesn’t disclose what % of shares the government is going to sell; neither the price range (theist of banks is spectacularly large)

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Perhaps the biggest news is what’s missing: no % of shares; no price range (that we knew would come later). But more importantly: not independent geological assessment of the oil and gas reserves at all (as you would have expected in a New York / London IPO) | #OOTT #AramcoIPO — Javier Blas (@JavierBlas) November … Read more

Why has the US given $142.3 billion to country of 8.5 million people? Why does the US continue to pledge $38 billion per year for Israel defense?

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by Yaakov117 Israel is the largest cumulative recipient of U.S. foreign assistance since World War II. To date, the United States has provided Israel $142.3 billion (current, or noninflation-adjusted, dollars) in bilateral assistance and missile defense funding. Almost all U.S. bilateral aid to Israel is in the form of military assistance, although from 1971 to … Read more

NBC, ABC And CBS Appear To Have Run Cover For World’s Most Powerful Rape Rings.

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NBC, ABC and CBS News have all appeared to run cover for some of the world’s most powerful rape rings. The allegations range from killing entire stories on alleged rape offenders, shutting down reports of sexual assault to protect themselves, and firing an employee who might have tried to hold the network accountable. All of … Read more