Banks Report Weakening Demand For Loans – The Slowdown Comes To The U.S.

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via Eric Basmajian Summary Banks are easing lending standards. Despite easing standards, weaker demand was report across nearly every loan category. Banks claim the current shape of the yield curve is not hurting business yet but fear an inversion and the impacts it would have. Has the global economic slowdown washed up on the shores of … Read more

Vicious Machete Attack In Birmingham, U.K. Shows The Migrant Crisis Going Unchecked Across Europe

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by Jon Hall, Free Market Shooter Last week, in Birmingham, England, a startling and graphic machete attack was captured on film as a horrified resident recorded the footage from the window of a nearby home. A large gang of men can be seen chasing after their victim, knocking him to the ground and brutally attacking him with … Read more

Rumble Brewing Between Mexicans in Tijuana & Caravan Honduras Migrants, w El Salvadorans Coming on Next Caravan

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Broadcasting live, linking videos from caravan migrants & South American & Latin American & Mexican hosts/reps.   https://www.youtube.com/watch?v=4W9sz9lD4Eo Battle on the Border! Invader Caravan Turns VIOLENT! RWN reports, The scouting party for the first migrant caravan has now arrived at the US-Mexican border. They are camped out on the beach on the Mexican side Read … Read more

The Credit Cycle Begun 2009 is Over

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via  Crisis By The Phoenix Global growth is officially dead. The markets picked up on this first, with Copper, Lumber, Industrial Metals and other economically sensitive asset classes collapsing starting in May. Looking at those charts, it was easy to single out the Fed as the culprit, since the Fed’s hawkishness had ignited the $USD which in turn … Read more

Pence-Xi Showdown at APEC Shows U.S.-China Divide Only Widening

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(Bloomberg) — U.S. Vice President Mike Pence traded sharp barbs with Chinese leader Xi Jinping in back-to-back speeches at a regional summit, showing that neither country appears to be giving ground in an escalating trade war. Xi received applause Saturday when he told the Asia-Pacific Economic Cooperation summit in Papua New Guinea that implementing tariffs … Read more

“A cyclical downturn in construction sector growth is underway”

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via Jill Mislinski A cyclical downturn in construction sector growth is underway, and set to intensify. We know this from monitoring leading indexes specific to major sectors of the economy, whose distinct cyclical swings can precede those in the overall economy. Notably, growth in ECRI’s U.S. Leading Construction Index (USLCI) has tumbled to a 2½-year low (top line). … Read more

Pfizer to Raise Prices on 41 Drugs in January: The plans mean Pfizer would resume the practice of raising drug list prices after rolling back some increases under criticism from President Trump

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via WSJ: Pfizer Inc. plans to resume its practice of raising drug prices early next year after bowing to pressure from President Trump over the summer when the company rolled back some increases. Pfizer, among the world’s biggest drugmakers by sales, won’t be raising prices as much as it has in past years.   Death … Read more

China and the EU Are Growing Sick of U.S. Financial Power

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This month, the United States imposed on Iran its most draconian round of sanctions yet. These measures made clear something the global community has long known: When it comes to international finance, Washington sets the rules for others to follow. Though some governments, led by the European Union, have announced initiatives to break free of … Read more

The Era Of Gains is over

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by Adam Taggart Ever since the central banks became serial bubble blowers twenty years ago, household wealth has mostly been driven by asset price inflation: But this has been a quixotic pursuit. Created by pulling tomorrow’s prosperity into today, these asset price bubbles are unsustainable, and invariably suffer violent corrections at their end. So far, … Read more

Former Fed Chair Alan Greenspan Says President Trump’s Tariffs Are “Insane”

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by Mac Slavo of SHTFplan Former Federal Reserve chairman, Alan Greenspan has taken to blasting president Donald Trump’s tariffs, which have flung the United States into a full-fledged trade war with China.  Greenspan says that Trump’s policies on tariffs are “insane.” When responding to a question about the trade war with China at an event at New York … Read more

Moody’s:U.S. Investment-grade Corporate Bonds Now Riskier Than Before Each Recession Since 1981; Morgan Stanley Warns BBB Bond Bust Would Hit Jobs and Growth

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via Tim Kilgore As benchmark interest rates in the U.S. rise and the pace of corporate earnings growth slows, Moody’s Investors Service warned Friday that an unprecedented number of corporate credit ratings could be added to the “junk” pile. Moody’s said the dollar value of U.S. corporate bonds outstanding rated at its lowest investment-grade rung … Read more