by Chris Not sure if you’ve heard of Home Capital Group, a fairly large mortgage lender up here in Canada. They’ve recently had a run on deposits and required emergency funding in order to stay a going concern. Would be interesting to hear your comments on it. Article on it below. To me it signals … Read more
by Umar Farooq China’s debt has risen dramatically in the past decade, largely the result of credit fed to state-owned enterprises in the wake of the global financial crisis. China debt situation is not only growing in size but also at the rate that economists and policy analysts feel is difficult to sustain. To some, … Read more
by Mark Angelides Both in the US and the UK, the issues of mental health care, treatment and support are areas that almost all of the main political parties are in agreement on: more must be done. But why is it that this apparently growing problem is not being investigated as other health concerns invariably … Read more
by Umar Farooq Nike has come up with a shocking news for its employees. It has said it will cut its global workforce by 2 percent in a broad restructuring, a move seen as a reflection of the company’s somewhat weakened competitive position and a sagging retail sector. Nike had 70,000 employees at the end … Read more
by Pamela Williams I learned so much today that my mind has been blown. I will never be the same, because for so very long I wanted to know what changed my America. How did the enemies of my Country gain access to the top of the political chain? Who is really trying to impeach Trump? … Read more
By Michael Snyder It has become exceedingly clear that the Democratic Party is in deep trouble. Close to 55 million dollars was spent on the race in Georgia’s sixth congressional district, and that shattered all kinds of records. Democrat Jon Ossoff was able to raise and spend six times as much money as Karen Handel … Read more
by Umar Farooq Canada is a G7 country with a varied economy. As one of the US’ largest trading partners, what happens in the Canadian economy can have consequences for the rest of the world. One issue in Canada that has nervous bankers, investors, homeowners and the government is the sharp spike in real estate … Read more
by Umar Farooq Friday, June 9 was a ruthless day for tech giants and therefore for everybody in the stock market. Yahoo writes, the so-called ‘big five’—Apple, Alphabet [Google’s mother company] Class A shares, Microsoft, Facebook and Amazon [FAAMGs]—lost more than $97.5 billion in market value between the close on Thursday and the close on Friday, … Read more
by Robert Carbery Peter Beinart’s enlightening in-depth piece in the July issue of The Atlantic digs into the left’s drastic transformation on immigration. In it, Beinart details just how far liberals have gone in just the last decade to the left on immigration, shifting from following federal immigration law to touting open borders. He … Read more
[FEC](http://www.fec.gov) FEC DOC DNC fund raising, expenditures, and debt RNC fund raising, expenditures, and debt h/t DanWofSoc
by Dark_Shroud Here is part of my big alternative list. Email: Privacy-Conscious Email Services List Scryptmail – Free, based in US, end-to-end encryption. Protonmail – A fully encrypted email service, hosted in Switzerland. msgsafe.io – Private, encrypted, online communication. For everyone Tutanota – A fully encrypted email service, hosted in Germany. Mailfence – Based in Belgium, … Read more
by Robert Carbery It is becoming clear now that the U.S. will maintain a military outpost in Afghanistan for the foreseeable future. With Secretary of Defense James Mattis set to announce the deployment of an additional 5,000 American troops to Afghanistan in the coming weeks after Trump handed over authority on Tuesday to Mattis … Read more
Financial expert and former top Federal Reserve insider Danielle DiMartino says, “I think gold is in the very late stage of a correction phase. Once we get a sniff of true market reaction to any of these geopolitical events, I think you could see gold take off like a boomerang or a hockey stick. . … Read more
Retail sales continue to decline, when compared to wages we can see as wages are dropping so are sales. GE is in trouble, they do not have enough to meet their pension obligation. Caterpillar posts a positive sales after 54 months of declining sales, this was accomplished by China ordering equipment most likely a one … Read more
There once was time when a slot machine in the corner of a pub was the ultimate in gaming technology, but those days are long gone. Ever since the first online casinos arrived a couple of decades ago there has been an exponential development of the technology behind them and, with each advance, it has … Read more
by Mark Angelides Protestors took to the streets of London purportedly in response to the tragic fire at Grenfell Towers; but the reality is that this is nothing but the Militant Left using undemocratic means to force another election. Politicians are to blame for this directly; it is no coincidence that Labour Shadow Chancellor, John … Read more
By Michael Snyder Do you have an emergency fund? If you even have one penny in emergency savings, you are already ahead of about one-fourth of the country. I write about this stuff all the time, but it always astounds me how many Americans are literally living on the edge financially. Back in 2008 when … Read more
by Mark Angelides The European Union is taking Poland, Hungary and the Czech Republic to court for refusing to take 160,000 migrants in under an agreement made in 2015. They are looking at a fine of 250,000 Euros per migrant. But what is not being reported is the fact that these three countries ARE taking … Read more
by Chris Hamilton Economists spend inordinate time gauging the business cycle that they believe drives the US economy. However, running in the background (and nearly entirely forgotten) is the population cycle. The positive population cycle is such a long running macro trend thousands of years in the making that it is presently taken for granted. It is assumed that upon every … Read more
by Michael Snyder After a bit of a lull for the past couple of months, the march toward war appears to be accelerating once again. On Monday the U.S. military shot down yet another Syrian aircraft, and it appears that President Trump’s patience with North Korea’s nuclear program may have run out. Unlike our wars … Read more
by Dr. Eowyn I’ve posted about Americans’ dismal state of finances before, but this news shocked even me. Today, Bankrate.com released the results of its June Financial Security Index survey that 24% of Americans — 1 in every 4 Americans — don’t have even a single dollar saved for an emergency. According to the U.S. Census … Read more
By Guido Lasken By Guido Lasken There’s not much more than a year before the midterm elections – and those will be much too important to let the Deep State and its media outlets turn them into the usual “left” vs. “right”, “Republican” vs. “Democrat” or “progressive” vs. “conservative” battle, or even a referendum … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The HK financial system is “very strong” and “can withstand an adjustment in the property market.” The Hong Kong dollar is pegged to the US dollar. Hong Kong’s monetary policy is follows the Fed’s monetary policy. The Fed has embarked on a tightening cycle, raising rates four times so far. The … Read more
by Geoffrey Grider ARIZONA REPUBLICAN SEN. JOHN MCCAIN IN 2012 TURNED OVER NEARLY $9 MILLION IN UNSPENT FUNDS FROM HIS FAILED 2008 PRESIDENTIAL CAMPAIGN TO A NEW FOUNDATION BEARING HIS NAME, THE MCCAIN INSTITUTE FOR INTERNATIONAL LEADERSHIP. EDITOR’S NOTE: Donald Trump promised to ‘drain the swamp’ when he was elected. RINO Sen. John McCain is … Read more
by Ian Shilling The PetroDollar Economy The petrodollar system was set up by Kissinger in circa 1975 to drive up the demand for U.S. dollars. In 1971 the U.S. went bankrupt from the costs of the Vietnam War and the U.S. could no longer afford to pay its foreign creditors in Gold at $35 per … Read more