The global financial crisis of 1825 foreshadowed the problems of emerging markets today

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via qz: First Argentina. Now Turkey. The next country to face a financial crisis could be any one of a slew of emerging-market economies that have grown dangerously dependent on borrowing in dollars and other foreign currencies. As of the end of 2017, corporations in emerging markets owed $3.7 trillion in dollar debt, nearly twice the amount they … Read more

ARE WE STILL PLAYING THESE GAMES IN 2018?

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Deluded Chuck Todd: Media Bias a ‘Campaign Creation’ ‘Not Based’ in ‘Fact.’ Don’t talk to Chuck Todd about the liberal media. The Meet The Press host on Sunday snapped at David Brody, telling the CBN political analyst that dislike of a partisan press is simply a “campaign creation” of the late Fox News CEO Roger Ailes. Todd huffed … Read more

Trump Scores and Wins Big in China Trade War

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by Chris Black Do you remember that old campaign adage, “you’ll get tired of winning”? It was a fun line to scream in the face of your liberal friends, yet I bet not so many Americans, even hard-core Trump fans, took it very seriously. However, not two years into his presidency, Trump is proving why … Read more

Nafta is Dead. Long Live Nafta – The biggest problem with Nafta remains unaddressed

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The biggest problem with Nafta that hurt US workers, Mexican workers, and the Mexican economy, though it hugely benefited profit margins of global automakers and Corporate America, remains unaddressed: Wage repression in Mexico, including via “protection contracts” as condition for building a plant. The deal was announced with fanfare at a … Read more

Top Student Loan Official Quits, Blames Trump; Warns “The System Is Rigged”

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via stockboardasset: The top federal official overseeing the massive $1.5 trillion student loan market bubble resigned Monday, citing in a letter what he says is the Trump administration’s blatant disregard towards protecting the nations 44 million Americans struggling with student loan debt. In a fiery resignation letter, Seth Frotman, who until Monday morning was the Student Loan Ombudsman at the Consumer … Read more

WELL, DON’T TELL THEM: The Left Still Has No Clue Why It’s Losing.

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via spectator: In Reagan’s America: Innocents at Home, Garry Wills described the 40thPresident’s relationship with the voters as “a kind of complicity,” implying that Reagan and the electorate had colluded to commit some sort of crime. The offense was, of course, their mutual refusal to imbibe the propaganda ladled out by the liberal establishment and the media. … Read more

DEE SNIDER speaking to congress on censorship.

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In 1985, a Senate hearing was instigated by the Parents Music Resource Center (PMRC), who wanted to introduce a parental warning system that would label all albums containing offensive material. The system was to include letters identifying the type of objectionable content to be found in each album (e.g. O for occult themes, S for … Read more

China targets rumors, religion in updated party rules

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… WHOAH! … wow … wow … . … there are many sites that DESCRIBE the RULES of the chinese party! … . https://www.businessinsider.com/r-china-targets-rumors-religion-in-updated-party-rules-2018-8 Another new clause takes aim at party members who are also religious. While the country’s constitution guarantees freedom of religion the party is officially atheist and party members are supposed to be … Read more

2011- When asked how to solve the U.S. deficit, Warren Buffet responded: “You just pass a law that says that any time there’s a deficit of more than three percent of GDP, all sitting members of Congress are ineligible for re-election.”

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For those who care, here’s the video where he says this I think he’s absolutely right. Nothing gets more shit done than consequences. https://www.cnbc.com/id/43670783 Warren Buffett says he could fix the U.S. deficit problem very quickly. Here’s his not-entirely serious (but not entirely joking either) plan, as told to Becky Quick during this morning’s live interview on … Read more

China Unveils “Breakthrough” In Electromagnetic Rocket Technology

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by stockboardasset Chinese state media has revealed a technological breakthrough in electromagnetic rocket design amid US regional security concerns in North Korea and the South China Sea. The new and more powerful electromagnetic rocket uses catapult rocket artillery technology renders the weapon more powerful than any conventional artillery in the world. The Global Times reported that Han … Read more