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by Brian Maher of The Daily Reckoning The announcement came rolling from the Eccles Building at 2 p.m. Eastern… No rate hike. Jerome Powell has decided to sit on his hands — for now. In his very words: It’s important that monetary policy not overreact to any one data point… The FOMC will closely monitor the … Read more
Facebook’s cryptocurrency, officially unveiled on Tuesday, heralds the rise of the corporation-government, potentially shaping the already vast powers of the Silicon Valley giants into a borderless, unaccountable techno-oligarchy. The crystal ball is dark, and we should be afraid. Facebook’s cryptocurrency, Libra, is to be used in a standalone application or its messaging platform, à la … Read more
by Martin Armstrong QUESTION: I am confused. Is it true that only the Federal Reserve can create money and not the Treasury? HB ANSWER: It all depends upon your definition of money. If you are asking about paper currency, then the answer is yes. If you are speaking of “elastic money,” which really is just book-entries, then that … Read more
by Simon Black Earlier this week the United Nation’s Department of Economic and Social Affairs released its 2019 world population report… and there were a number of very interesting findings: 1) World population continues to grow slightly, but the rate of global population growth is at the lowest level since at least 1950. 2) Global population growth … Read more
https://www.youtube.com/watch?v=5DhZTOqxgPg Investors have been expressing extreme enthusiasm for bonds. Is a turning point nigh? Chart price patterns are a useful aide in figuring out the answer …
Socialized Pharmacare forces working poor to subsidize the wealthy (Link to article below) https://www.cbc.ca/news/politics/phar…
by WARREN MOSLER Last month’s uptick hinted at a reversal, but this month’s large move back down says otherwise: Still rolling over, and from depressed levels relative to prior cycles, and these charts are not population adjusted which only makes it worse:
https://www.youtube.com/watch?v=a52u0r5eebU Brett Samuels from The Hill reports, The Department of Interior on Wednesday released a schedule of events for Independence Day, which this year will include an address from President Trump titled “Salute to America,” military demonstrations and flyovers, a parade as well as an expansion of open areas along the National Mall. Read More/Source/Credit/FairUse: … Read more
In your opinion, do you think the Fed will CUT in July? Fairy tales are fun. We can escape reality for a moment and enjoy the fictional fantasy. But for those who are willing to accept the cold hard truth, fairy tales are best left for story time. Statistically, something is very off today. The … Read more
by Natura Naturans The Clinton rats are deserting the sinking Clinton ship. Now that the Justice Dept. is investigating the swamp that created the fake Steele dossier we can bet more rats will disappear. Over the past decade the Clinton Foundation’s Amitabh Desai was very active capturing money for the Foundation. The far left New … Read more
Biggest Slack shareholders Stakeholder//Shares owned//Percent of ownership//Value of Stake at $26 per share share Accel//119,928,410//24%//$3,118,138,660 Andreessen Horowitz//66,523,324//13%//$1,729,606,424 Social Capital//50,853,362//10//%$1,322,187,412 Stewart Butterfield//41,619,937//8%//$1,082,118,362 SoftBank//36,611,744//7%//$951,905,344 Cal Henderson//16,604,503//3%//$431,717,078 https://www.cnbc.com/2019/06/19/slack-debut-means-big-returns-for-accel-and-andreessen.html AC
via scmp: China’s need for US dollars to repay debts, pay for imports and fund Belt and Road initiative projects may exceed its US$3.1 trillion in foreign exchange reserves Anbang Insurance Group, Dalian Wanda Group and HNA Group have all been pressured to sell assets amid the trade war with the United States This is the … Read more
via aier.org: Student-loan debt hit an all-time high of $1.4 trillion in the first quarter of 2019, Experian claims. Considering that this is an increase of 116 percent in the last decade, it’s safe to say that young adults are starting their lives with a crushing debt burden. But student loans aren’t the only reason they are … Read more
Authored by Sven Henrich via NorthmanTrader.com, They’re right. It IS different this time. It’s worse. Much, much worse. What is? Everything. In terms of preparedness for the next recession that is. Debt is higher than ever, be it corporate debt, government debt, central banks balance sheets, available ammunition to deal with a new recession, wealth inequality, the … Read more
by howmuch Since 2010, the United States and China have had the world’s largest economies by GDP. But one interesting difference is that the U.S. is the world’s biggest importer while China is the world’s biggest exporter. The U.S. is currently China’s biggest trade partner, but recent talks about tariffs have highlighted the imbalance of imports and exports between the … Read more
Authored by Jesse Colombo via RealInvestmentAdvice.com, While most people – including mainstream economists – seem to believe that our bubble problems ended when the U.S. housing bubble burst in 2008, the reality is that there are even more bubbles forming today than before the Great Recession. I listed the bubbles that I am warning about in a detailed piece … Read more
via aier.org: Inequality is possibly the buzzword of our day, having been called “the biggest challenge of our time” by the likes of Oxfam and being seen across the political spectrum as one of the most crucial issues today. It is argued that our economic – supposedly capitalist – system would lead to more wealth for ‘the rich’ … Read more
This video features the countries with the highest inflation rate in the world since 1980. Many of the countries in this video has had hyperinflation that has a very big impact on the countries ecomomy. Recent examples are Zimbabwe and Venezuela.
