BIS: The situation in the global economy is similar to the pre-2008 crash era… 'WORSE THAN 2007': Top Central Banker warns of looming wave of worldwide bankruptcies

Financial markets could be over-heating, warns central bank body Bank for International Settlements’ quarterly health check warns global economy resembles era just before financial crash Investors are ignoring warning signs that financial markets could be overheating and consumer debts are …

READ MORE

Fed Is In Trouble! It Wants To Cool Financial Markets And The Economy But Can’t Control Financial Conditions… This Time IS Different—Except For 1929!

Fed is in trouble It wants to cool financial markets and the economy but can’t control financial conditions – @ Johnny Bo Jakobsen?     ECB warns of possible global market correction after excessive risk-taking The European Central Bank (ECB) warned Wednesday that …

READ MORE

Rents Plunge in the Most Expensive US Cities

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But many mid-tier markets are red-hot. In San Francisco, the most expensive major rental market in the US, the median asking rent in November for one-bedroom apartments, at $3,390, is up 1.8% year-over-year, but is down 7.6% …

READ MORE

Trump's Gravest Mistake

by Daniel Carter Trump continues to make a mistake so costly that it could relegate him to the title of worst president of all time. Let me say first, if you are a Trump supporter, I am not your enemy. I …

READ MORE

How The Soviet Union Won The Cold War

by Daniel Carter After World War II, the victors began a mission to mold the world in their own image. However, the images of the United States and the Soviet Union, the two most powerful and influential countries after WWII, were …

READ MORE

Bitcrash Update…FAST Market!

by Chris This is going to make a potentially ugly candle formation. Ouch!! That’s going to leave a mark on all entrants to the game who jumped in (or deeper in) in the last 24 hours.   Bitcrash Update…FAST Market! Now …

READ MORE