US Regulators Ill-Prepared for Next Downturn – FT

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that rising levels of corporate debt pose risks to the financial system because they could amplify a downturn. financial reform law to prevent a repeat. The law created a process for quick and efficient liquidation of a failing large financial institution — a significant improvement. http://www.ft.com/cms/s/881cdd9a-7587-11e9-b0ec-7dff87b9a4a2,s01=1.html?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev&yptr=yahoo

Italy’s Mini-BOT Trojan Horse Could Blow Up the Eurozone

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via mishtalk: Italy threatens to create a parallel currency dubbed the Mini-BOT. If launched, it could lead to a Eurozone breakup. Italy’s is on a collision course with the EU in two different ways. The first regards Italy’s budget. Outgoing European Commission President Jean-Claude Juncker warns Italy faces an “Excessive Deficit Procedure” and may be fined … Read more

Fed Running Out Of Time And Conventional Weapons

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via pentoport: The buy and hold mantra from Wall Street Carnival Barkers should have died decades ago. After all, just buying stocks has gotten you absolutely crushed in China for more than a decade. And in Japan, you have been buried under an avalanche of losses for the last three decades. And even in the good … Read more

For Countless Americans, Living In Their Vehicles Has Become “The New Normal”

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by Michael Snyder Once again tonight, countless numbers of Americans will sleep in their vehicles, and this is a problem that is getting worse with each passing year.  According to the Department of Housing and Urban Development, the homeless population in the United States hit 552,830 in 2018, but many believe that the true number is … Read more

The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank. It now makes two: The chief economists at investment banks Goldman Sachs and Deutsche Bank have warned their clients that the already priced-in rate hikes this year that markets are so excited about may not materialize. To proof … Read more

Australia’s “Grim” Retail Sector “Clearly In Recession”, Warns National Australia Bank

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via Zerohedge: A leading Australian business survey has concluded that the continent’s retail sector is “clearly in recession”.  New data from NAB shows Australia’s “Index of Business Conditions” falling by 2 points in May, putting it well below its long run average. The data comes a week after Australia’s Reserve Bank was forced to cut interest rates to its lowest … Read more

Unprecedented U.S. Weather Chaos Continues: 120F In The West, More Record-Setting Flooding In The East

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by Michael Snyder Global weather patterns are dramatically shifting, and week after week we keep seeing things happen that we have never seen before.  As far as our weather is concerned, this is definitely the strangest year in modern American history, and many believe that what we have witnessed so far is just the beginning.  Up … Read more

What should you pick: forex pairs or CFDs?

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When it comes to choosing what to trade, there are all kinds of options available out there. From stocks and shares to rental properties, there are plenty of vehicles that you can use to invest and grow your money. Two of the most popular modern assets, though, are foreign exchange currency pairs and CFDs. What … Read more

Cuba Rations Food As Its Socialist Economy Enters Crisis Mode

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by Jose Nino via Mises Wire While it is fashionable to talk about Venezuela and its notorious shortage of basic goods such as toilet paper, flour, and milk Cuba is now implementing a rationing program to combat its very own shortages of basic goods. A CBC report indicates this program would cover basic items such as chicken, eggs, rice, beans, and soap. What has … Read more

Alexandria Ocasio-Cortez is Already Demanding Higher Pay, and Says She Will Become Corrupt if Not Rewarded.

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via redstate: Alexandria’s current salary in Congress is $174,000. This is far greater than the US average salary of workers without a high school diploma ($27+K), or those who graduated high school ($37+K). Even looking at those with a college education she earns nearly triple the rate of $66+K annually. So here is the woman, who … Read more

Escalating Trade War Signals More Pain For Oil

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By Nick Cunningham Trump backed off his proposed trade war with Mexico in the face of intense pressure from business groups and even his own party, but his faith in tariffs remains unbowed. In fact, Trump may have internalized a lesson that presents further risks to the global economy and to oil markets. “If we … Read more

Before You Pay Your Hospital Bill, Read This

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by Nilus Mattive of Daily Reckoning Have you run up a huge hospital bill that you’re having difficulty paying? The stress can be overwhelming, especially while you’re recovering from a complicated procedure and feeling like you’ve been hit by a truck.  But you’re not alone… The Consumer Financial Protection Bureau (CFPB) found that 43 million Americans have overdue … Read more

As Amazon’s Alexa Passes 100 Million Units Sold, It Will Now Be Always-On And Always Recording And Storing All Conversations In Your Home

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by Geoffrey Grider Amazon’s patent application for an always-on feature for Alexa, its popular voice-activated personal assistant, has raised a lot of concern. Understanding of Bible prophecy is a lot like driving into a smog-filled city like Los Angeles, where I lived for a time before getting saved back in the last 1980’s. When you view LA from a … Read more

‘China Bad debt approaching 25% of total credit’

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by Danielle Park via Juggling Dynamite I have long noted that the leverage, securitization and off-book accounting gimmicks that imploded enery-giant-ENRON in the early 2000s were adopted far and wide over the last 20 years.  Bailouts to those instrumental in the 2008 implosion, along with central bank liquidity-pumping globally, enabled a continuation of similar antics in … Read more