Authorities: 8 dead in SoCal mudslides

https://www.youtube.com/watch?v=mVBoUADHi7A A storm in Southern California has given way to deadly mudslides in areas devastated by recent wildfires. RT America’s Natasha Sweatte has more on how residents are dealing with one deadly disaster after another.

The Municipal Debt Crisis Begins

by Martin Armstrong I have previously reported that about 50% of German municipalities are insolvent. This is a global trend and we are witnessing it in the United States as well. The North Rhine-Westphalian Association of Cities has called for help …

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Bank loans and macro analysis

by WARREN MOSLER Bank lending began to decelerate after oil related capital spending collapsed late in 2014, and then collapsed further about the time of the presidential election: Note the consumer ‘dipping into savings’ some to sustain consumption via borrowing into …

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IS IT TIME TO SHORT OIL?

by stockboardasset We ask the one question: Is It Time To Short Oil? In the Periscope broadcast, we analyze four timeframes of oil, including commodities indexes, plus oil’s volatility. After a near +48% advancement from the summer of 2017, WTI could be in a …

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Consumer Credit – Borrowers go all in

by SpontaneousDisorder Interesting to compare the current cycle to before the financial crisis. Consumers have been going crazy by this measure. The recent increase mirrors the excitement we’re seeing in financial markets (stocks, bitcoin etc). Probably the final months of …

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