THE GLOBAL CRISIS: Clues from Japan’s Central Bank on The Global Crisis

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ITM Trading, Released on 5/22/19 Many people think that the current fiat money regime can go on forever and point to Japan as a prime example. Afterall, their economy collapsed in the early 1990’s after decades of rapid economic growth. In 1992 the BOJ began a never ending series of “extraordinary policy” as they experimented … Read more

Slowest growth in orders since Oct 2009. Cleanest dirty shirt gets dirtier.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter These are just the “Flash” Purchasing Managers’ Indices (PMI) which are reported a week before the final PMIs at the end of the month, and they represent just one view, but these are big moves, both, in US manufacturing and US services, big moves in the wrong direction, simultaneously, with both … Read more

Visualizing Internet Suppression Around the World

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by visualcapitalist   When people think of freedom, they often think it in the physical sense, such as the ability to act and behave in certain ways without fear of punishment, or freedom of movement within one’s country. When a nation chooses to restrict freedom in the physical world, the results are often hard to ignore. … Read more

House Passes Bill Making Big Changes to U.S. Retirement System

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by Hashslingingslashar   Summary of changes: ​ – repeal the age cap for contributing to individual retirement accounts, currently 70Âœ. – increase the age to start taking required withdrawals from 401(k)s and IRAs to 72 from 70Âœ. – encourage 401(k)-style plans to offer annuities by giving certain employers some protection from future liability if their … Read more

Let’s look at ownership of US gov’ debt.

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via @Trinhnomics: Chart is from 2017 but hasn’t changed too much đŸ‘‡đŸ». Foreign is 30% of total & so China is roughly 6% of total ownership of UST. Don’t forget that Americans own most of US debtđŸ‘‡đŸ» (private sector stepping up to replace 📉of foreign buyers https://t.co/c3lndWpcs1    

Deutsche Bank Plans To Cut US Equities Business

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from Zero Hedge When Deutsche Bank CEO Christian Sewing told Deutsche Bank shareholders at the bank’s annual general meeting this morning that he was prepared to make “tough cutbacks” at DB’s struggling investment bank, he wasn’t kidding. Four sources familiar with the bank’s thinking reportedly told Reuters that the bank is planning serious cuts at its US equities business, including … Read more

Central Bankers Have All The Power: If They Stop Printing Money, Stocks Will Crash

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by Mac Slavo of SHTFplan If the United States’ central bank, the Federal Reserve, stops printing money, the stock market will crash. However, the continual printing of money could cause a crash of its own. Either way, we are in a lose-lose situation when it comes to the decisions made by central bankers. Will the stocks crash in … Read more

Economic Black Swans? The White Swans Are The Ones We Need To Worry About

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by Simon Popple of Brookville Capital Everyone knows what’s going on. Many choose to do nothing. Bury their heads in the sand. A few are prepared to shout out loud. Remind everyone what’s happening. Unfortunately, a lot of very sensible and well-intentioned folk have been discredited – because they’ve got it wrong. Not the outcome (we don’t know … Read more

Alberta Introduces Carbon Tax Repeal Bill

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By Irina Slav Staying true to their promise from the campaign trail, Alberta’s Conservatives have introduced a bill to repeal a carbon tax introduced by their predecessors at the helm of the province, the New Democratic Party. Reuters reports that the repealment of the carbon tax was planned to be the first piece of legislation to be … Read more

The Good and the Bad of Job Automation

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BY PATRICK WATSON People are worried robots will take their jobs. That’s a legitimate fear sometimes, but it’s not new. It is just another step in a process that started long ago. The bigger question is whether job automation is good. If we want the economy to grow, the math is pretty easy. It’s a … Read more