$6 trillion of local government debt may be lurking under the surface in China: S&P

The actual level of off-balance-sheet Chinese local government debt could be several times more than what is publicly disclosed and range as high as 30 trillion yuan to 40 trillion yuan, or about $4.34 trillion to $5.78 trillion, S&P Global Ratings analysts say in a report. “That’s a debt iceberg with titanic credit risks,” the … Read more

‘Home health aides’ will be the fastest-growing occupation according to CareerBuilder’s job market projection for 2023

via promptcloud: The American job market is showing an upswing both in terms of job growth and wage. However, if we look at the US jobs report, it is not the number of new jobs created or the declining unemployment rate that get the limelight, it is the enigma behind the American salary that get the … Read more

The Most Important Chart In The Universe

by Chris Look, the central banks are entirely responsible for the prices of bonds and about 99 and 44/100ths percent responsible for the dizzying hieghts of equities. Remove all that stimulation, the thinking goes, and then we get to discover just how much air is under these “markets.” Which makes this the most important chart … Read more

The Federal Reserve Has Lost Its Bearings, Which Means It Could Accidentally Raise Interest Rates Too Much; Investors Are Now the Most Bearish on Global Economy Since Crash

The Fed risks raising interest rates too much as the compass spins wildly Federal Reserve Chairman Jerome Powell is in an unenviable position. Folks expect him to fine-tune interest rates to keep the economy going and inflation tame but he can’t make things much better — only worse. Growth is nearly 3% and unemployment is … Read more

BlackRock saw huge outflow before last weeks plunge

https://www.cnbc.com/2018/10/16/blackrock-ceo-larry-fink-we-saw-huge-outflows-before-last-weeks-plunge-due-to-more-fear-among-investors.html Basically the fear rising wages would squeeze company margins. Then my own take is what happens if/when tariffs related increases really hit? Especially if Chinese imports get hit with 25% (though China is devaluing somewhat to soften this IMHO). The bigger question is what does the Fed do as non-energy prices rise in the … Read more

Investor Alert: Is the Trump Agenda in Peril?

by: Stefan Gleason, Money Metals News Service Is the Trump agenda in peril? It’s a question investors should consider ahead of the mid-term elections. Up to now, the Trump economic agenda has certainly been great for Wall Street and much of the broader economy. The Dow Jones Industrials continues to defy all naysayers – notching … Read more

Trump’s 4 Triggers That Are Imploding The Deep State

https://www.youtube.com/watch?v=2vBrqeXBazs The spotlight of this Briefing focuses on President Trump’s triggering The Deep State into panic mode. https://www.youtube.com/watch?v=jSKvfDMVRg4 https://www.thegatewaypundit.com/2018/10/very-soon-house-judiciary-chairman-bob-goodlatte-preparing-to-subpoena-rod-rosenstein-video/

As U.S. Polls Tighten, The Signs All Point To Hillary

Authored by Tom Luongo, In case you haven’t been paying attention, the Republicans are going to remain in control of both the House and the Senate in a couple of weeks.  Since their flawless victory over the Democrats in the fight to confirm Judge Brett Kavanaugh to the Supreme Court, the Republican base is more energized now … Read more

‘Everyone will be potentially indentifiable’

By Kristen V. Brown via Bloomberg: Consumer DNA testing – and the mountain of data it has generated – has become pervasive enough that it’s possible to identify about six of every 10 people in the U.S. who are of European descent, even if they’ve never given a sample. According to a study published on Thursday … Read more

WHO conducting Emergency Meeting for EBOLA outbreak

WHO to hold emergency meeting over Congo Ebola outbreak that’s seen 33 cases in past week The committee of experts may make recommendations to manage the outbreak, which was declared on Aug. 1 and has worsened, with a risk of the virus spreading from northeastern Democratic Republic of Congo into Uganda and Rwanda. Congo’s health … Read more