Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The peso drops again, inflation surges, nothing is fixed. Argentina was able to refinance about $26 billion in maturing peso-denominated short-term government debt, called Lebacs, but at a huge cost, after asking the IMF for a …
by Martin Armstrong The EU migration chief, Dimitris Avramopoulos, has demonstrated that politicians are just so out of touch with reality they are securing their own demise. Avramopoulos has made a speech that Europe is set to absorb massive waves of migration “for the decades …
by Martin Armstrong Naturally, the major had to be wrong that the dollar was in this inevitable bear market. These prognostications were typically those who kept cheering gold higher and ignore everything else on the silver plate of politics. The implications …
From Birch Gold Group Sometimes it feels like the U.S. drinks a little bit too much of their own “dollar domination Kool-Aid.” It seems like the U.S. assumes foreign countries will just keep storing the bulk of their forex reserves in …
by WARREN MOSLER Pretty much as expected. These numbers are not adjusted for inflation, which is running around 2%: Highlights Consumer spending was weak in the first quarter and the first look at the second quarter is no better than …
More and more indicators are popping up and showing us that the economy has not improved at all but declined since 2008. Nothing has been fixed and the illusion is starting to disappear, it is getting harder to hide what …
A relative of the Skripals has been denied a visa by the UK, nobody knows where the Skripals are. Satellite images show NK is dismantling their nuke program, the White House says the talks are still on between NK and …
by Frank Holmes, CEO, U.S. Global Investors For more than a week now, West Texas Intermediate (WTI) crude oil has been trading north of $70 per barrel, a level we haven’t seen since November 2014. Gas prices are likewise trending …
Brennan put some of the dossier material into the PDB [presidential daily briefing] for Obama and described it as coming from a ‘credible source,’ which is how they viewed Steele,” a source close to the House probe told Real Clear Investigations …
IG report must be something else This NYT story says that FBI was worried that if it came out they were spying on Trump campaign it would "only reinforce his claims that the election was being rigged against him." Yes, …
I highly recommend you take a few minutes and watch this Why I support president Donald Trump Before you judge… why don’t you listen? The whole thing. h/t QuantumLove
via RT: German Chancellor Angela Merkel’s working visit to Sochi on Friday could signal a positive shift in EU-Russia relations, as the European bloc reassesses its fealty to Washington. Merkel came to Sochi at the start of May to meet …
by Dana Lyons The following post was initially issued to TLS members on May 11, 2018. The VIX may struggle to move much lower than current levels — and may signal limitations to further stock market gains. Some folks argue that technical analysis cannot …
via truth-out.org: Sen. Bob Corker and Sen. Tim Kaine talk during a Senate Foreign Relations Committee hearing, March 11, 2015. Sens. Corker and Kaine have introduced a new Authorization of Military Force bill to Congress in April 2018. (Photo: Tom Williams …
About 34 million — of households that live above the poverty line but cannot pay for ordinary expenses like phone bills, rent and child care. via axios: Now, a new study begins to show the scale of the problem: at a time …
Soon, you may be able to use cryptocurrency to pay for anything from your morning coffee to happy hour drinks (or, you know, maybe some things that aren’t a beverage). And you could do it as easily as you use …
The paper states: “The genome of the Octopus shows a staggering level of complexity with 33,000 protein-coding genes more than is present in Homo sapiens. “Its large brain and sophisticated nervous system, camera-like eyes, flexible bodies, instantaneous camouflage via the …
U.S. Has Spent $2.8 Trillion on Terrorism Fight, Study Finds Figure includes spending on wars in Afghanistan, Iraq, Syria WASHINGTON—The U.S. has spent as much as $2.8 trillion on the fight against terrorism since the Sept. 11, 2001, terrorist attacks, …
via Twitter: At least give CNN some credit for honesty, making clear that Trump was talking about MS-13 while so many others pretend that he was talking about all immigrants. Weird how Trump’s “Fake New” mantra gets so much traction. h/t GR
Cyprus is an island state in the eastern Mediterranean Sea that is famous for its rich mineral deposits, excellent wines and beautiful natural sceneries. It is the third largest and third most populous island in the Mediterranean. The country has …
From buying gold coins to gold ornaments to gold biscuits, there are several different options for investing in this royal metal. However, what actually is the purpose of investing in gold? And, should investors bother investing in the gold market …
STUNNING: Pennsylvania Democrat Won’t Endorse Crazy Nancy Pelosi on MSNBC
by Ruby Henley There is a high probability that Stefan Halper is the spy, who was ‘inside the Trump White House.’ Below is a clip of Stefan Halper speaking to the BBC in 2017. Is the Trump FBI inquiry of …
The average contract rate on the 30-year fixed will likely end the day as high as 4.875 percent for the highest creditworthy borrowers and 5 percent for the average borrower. Tuesday’s move follows positive economic data in retail sales, suggesting that …
by Thinker Workers at California-based electric carmaker Tesla are facing an increasingly brutal management regime as the company seeks to ramp up production in preparation for its full-scale entry into the car market. The company is working out production issues …
By Harry Dent We’ve been waiting years for our fixed income trade of a decade… Our target’s at the top of the long-term Treasury Bond Channel near 3% on current 10-year yields. And recently, we advised our Boom & Bustsubscribers to …
By TIMP Staff (DCNF) Facebook has suspended roughly 200 apps suspected of misusing data they have gathered on the social media site, a vice president at the company said on Monday. The company has investigated “thousands of apps” and “around …
by Richard Rosso The spectacle of modern investment markets has sometimes moved me towards the conclusion that to make the purchase of an investment permanent and indissoluble, like marriage, except by reason of death or other grave cause, might be …
https://www.youtube.com/watch?v=V1EuMvQk3ho https://volcanoes.usgs.gov/volcanic_a… Electric crews are standing by in case ash falling across the Ka’u District triggers power outages. Hawaii Electric Light said a light dusting of ash and moisture on utility insulators could result in electrical short circuits.
