2 ‘Eurofighter’ jets crash into each other over Germany

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Two German Eurofighter jets have crashed in the north-eastern state of Mecklenburg-Western Pomerania, the Interior Ministry has confirmed. The planes have fallen in a residential area, according to the German media. Two German Air Force warplanes have collided in the air over the small town of Malchow, located some 80 kilometers away from the German city … Read more

Stealth Stimulus Has Arrived

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed has already accomplished more with its verbiage this year than it had last time when it cut rates all the way to near-zero and did trillions of dollars of QE. And we’re seeing the first results. (11 minutes)      

The Human Cost of “Recovery”: We’re Burning Out

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by Charles Hugh-Smith The asymmetries are piling up and we’re cracking under the weight. Judging by the record-high stock market and the record-low unemployment rate, the “recovery” has reached new heights of prosperity. Academics and think-tankers viewing the global economy from 40,000 feet are brimming with policies to bring the remaining laggards into the booming economy. … Read more

Central banks can cut rates and inject liquidity as much as they want, but the economic and credit cycles have turned.

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In other words, it’s too late. Centtal banks can cut rates and inject liquidity as much as they want, but the economic and credit cycles have turned. pic.twitter.com/Rz5d9aHfoQ — Daniel Lacalle Official Account (@dlacalle_IA) June 23, 2019 EU and US inflation expectations plunging – more bad news for the global economy pic.twitter.com/44Xl9w74W0 — Alastair (@StockBoardAsset) … Read more

Timing Is Everything, Follow The Watch

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There has now been a special prosecutor assigned to handle JS case. The Judge has now ordered RS to answer her about his latest contempt. The [DS] is pushing their agenda with another wrap smear campaign. Text messages were released between Hannity and Manafort. Trump has no preconditions with Iran, he is ready to talk … Read more

Latest Act in the Crisis of the Enormous Korean Shipbuilders And Now Not Even Their Foreign Subsidiaries Are Immune.

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By MC01, a frequent commenter on WOLF STREET: In February 2019, Hyundai Heavy Industries (HHI) was selected by the Korea Development Bank (KDB) as the “sole bidder” for the ailing Daewoo Shipbuilding and Marine Engineering (DSME), in which the State-owned Korea Development Bank holds a 55.7% stake. Samsung Heavy Industries (SHH) had already announced they had no interest … Read more

The world is now entering a new “dis-saving” phase

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'The world is now entering a new “dis-saving” phase, as the baby boomers start to live off their past contributions into 401(k), pension plans and the like. History suggests this phase is likely to be inflationary.' https://t.co/i3ux3pqgLv by @louis_gave pic.twitter.com/McmSVYfgA6 — Jesse Felder (@jessefelder) June 23, 2019

Truckers say Amazon’s new logistics empire is being underpinned by low, ‘ridiculous’ rates — and some are refusing to work with them

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https://www.businessinsider.com/amazon-truckers-low-rates-no-work-2019-6 Amazon leased 10,000 branded trailers to haul your Prime deliveries. It launched its own freight brokerage service in late 2016 or early 2017, according to a recent FreightWaves report. Freight brokers match shipments with truckers who can move the goods. But the truckers who are driving your Amazon packages across the country told Business … Read more

Microsoft reportedly bans its employees from using Slack for security reasons and encourages them to to use the Microsoft Teams app instead

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https://www.businessinsider.com/microsoft-reportedly-bans-employees-from-using-slack-2019-6 Microsoft does not allow its employees to use Slack, GeekWire’s Nat Levy and Todd Bishop reported, citing an internal document. While Microsoft has a rival workplace chat app, Microsoft Teams, the tech company reportedly cites security risks as the reason for its internal Slack ban. Slack named Microsoft as its primary competitor in a … Read more

The Federal Reserve has another option besides rate cuts to battle a slowdown

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The central bank could end the reduction of its balance sheet ahead of schedule, according to strategists from Ned Davis Research and Goldman Sachs. Earlier this year, the Fed indicated it would end its balance-sheet reduction process by September. Ending the process ahead of schedule would keep monetary conditions looser as more liquidity would remain … Read more

Meet this guy who went full autist without even knowing it, pressed a few buttons and ended up on a margin call close to 600k.

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by alchemicboss   Someone wrote 20 puts on SPY at 296 at some unknown time in the past. They collected a premium for this action. Because the strike price is well above the current price of the S&P 500, a buyer decided to exercise a few days early (American stock options can be exercised until … Read more

Free Money Socialism – Central banks are not saving capitalism. They’re ruining it.

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by northmantrader In lieu of my weekly technical update this opinion piece instead: The free money whores are back again. Harsh? Perhaps. Untrue? Not really. As I’ve stated before our market system is broken, central banks, originally created to save economies from disasters have now become the prime movers in preventing so much as a cold propagating free … Read more