Excessive Corporate Debt Will Worsen the Next Economic Slowdown

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via MarketWatch: Overhang of excessive corporate debt may weigh on global economic growth: Oxford Economics As worries rise over the outlook for global growth, excessive debt levels are drawing the eyes of nervous investors worried that more countries will struggle to shoulder their debts. Adam Slater, lead economist for Oxford Economics, says the risks from … Read more

The Cost of the Government Shutdown

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by FS Ryan Sweet, Director of Real-Time Economics for Moody’s Analytics spoke with Financial Sense’s Jim Puplava on the impact of the government shutdown on U.S. GDP and how it’s not only affecting thousands of American families but is beginning to trickle into areas of the economy like housing and small business. Sweet tells us when he … Read more

Oops! $137B “Improperly” Paid Out During US Gov’t Federal Fiscal Year 2018

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via aier.org: In fiscal year 2018, $137 billion was paid “improperly” by the federal government, according to arecent report. That number sums all the improper payments by what the government calls high-priority programs. They are programs with improper-payments estimates exceeding $2 billion annually. If it makes your head spin, it should. Always the optimist, I have … Read more

Rising Risks, Diminishing Returns, Endless Stimulus: Bank of Japan’s No Way Out

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via Reuters:  The Bank of Japan cut its inflation forecasts on Wednesday but maintained its massive stimulus program, with Governor Haruhiko Kuroda warning of growing risks to the economy from trade protectionism and faltering global demand. Rising pressure from the trade war between China and the United States — Japan’s biggest trading partners — is adding … Read more

New York Governor Andrew Cuomo Celebrates As He Signs Reproductive Health Act Bill Authorizing Killing Of Babies Up To The Moment Of Birth

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by Geoffrey Grider New York has an abortion rate of 23.1 per 1,000 women, twice the national average of 11.8 per 1,000 women. 25 to 27 percent of pregnancies in New York State end in abortion. In New York City, 78 percent of abortions are on African American babies. More black babies being killed through abortion than being born … Read more

How the Clinton machine flooded the FBI with Trump-Russia dirt … until agents bit

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When at first you don’t succeed, try, try again. That’s what Hillary Clinton’s machine did in 2016, eventually getting the FBI to bite on an uncorroborated narrative that Donald Trump and Russia were trying to hijack the presidential election. Between July and October 2016, Clinton-connected lawyers, emissaries and apologists made more than a half-dozen overtures … Read more

Growth at All Costs: China to Increase Spending to Thwart Economic Slowdown

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via Reuters: China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world’s second-biggest economy pushed growth last year to its lowest since 1990 even as Beijing stepped up stimulus measures and spurred … Read more

JPMorgan: Recession This Year Now on the Table

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‘Exceptional period of growth’ is done in US, JPMorgan global market watcher warns from CNBC. via CNBC: One of Wall Street’s largest investing firms warns that a global growth slowdown could sink the U.S. into recession this year. According to J.P. Morgan Asset Management’s Ben Mandel, it’s a risk pushing the firm to turn cautious … Read more

People need to be aware of is that CNN isn’t just there to “tell the news”. As part of Time Warner, they’re there to make money.

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by OB1_kenobi   So what does that mean? It means that everything CNN does is done under the guidance of someone who’s got their eye on the ratings and on profits. The profit motive leaves it’s mark on everything they do. It means CNN tells the news as a secondary purpose… because the most important thing is … Read more