Toxic Mix in Canada: Spiking Inflation, Variable-Rate Mortgages, and a Housing Bubble

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter What will the Bank of Canada do? The Bank of Canada has nudged up its target rate four times, starting July a year ago, from 0.5% to 1.5%. It last hiked on July 11. But now it is facing inflation that suddenly and unexpectedly jumped at twice the Bank of Canada’s … Read more

Poland, the Next Turkey?

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via Mish Talk:   Emerging markets have taken it on the chin. Is Poland next? Murray Gunn, Head of Global Research at Elliott Wave International, asks “Is Poland the next Turkey?” Our outlook for the Polish Zloty suggests that Poland’s developing authoritarianism is likely to accelerate. In case you have been living on Mars over the … Read more

Mudd looses his temper after getting owned!

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Mudd lost his temper so bad he was yelling and spitting all over the microphone telling RNC operative Paris Dennard to get off the show. Even though it was not his show … but then again CNN = CIA. Paris accused Phil MUDD, as well as his CIA /intel brethren of using their lifetime security … Read more

BREAKING: Trump Administration seeking to bypass Congress – cut $3 billion in foreign aid – directed towards the UN – Politico

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https://twitter.com/WiredSources/status/1030593338767024128 The White House budget office believes it has found a way to cancel about $3 billion in foreign aid even if it is never approved by Congress, according to a Republican aide familiar with the plan. Using an obscure budget rule, administration officials are planning to freeze billions of dollars in the State Department’s … Read more

EVERYTHING SEEMINGLY IS SPINNING OUT OF CONTROL: “As our media environment blurs, confusion often reigns,”

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AP claims: A generation ago, the likes of Walter Cronkite, Peter Jennings and Diane Sawyer were the heroes of television news. Now the biggest stars are arguably Sean Hannity and Rachel Maddow. Notice the difference? Cronkite, Jennings and Sawyer reported the news. Hannity and Maddow talk about the news, and occasionally make it. But you … Read more

Most People See No Chance Of A Recession

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https://twitter.com/OccupyWisdom/status/1030642554814050304 https://twitter.com/OccupyWisdom/status/1030642562405683202 https://twitter.com/OccupyWisdom/status/1030642573306671104 https://twitter.com/OccupyWisdom/status/1030642578335653888 https://twitter.com/OccupyWisdom/status/1030846436513128449 https://twitter.com/OccupyWisdom/status/1030846447321837568 https://twitter.com/OccupyWisdom/status/1030846455592960001

How Did John Brennan Ever Get A Security Clearance? Secret Trips To Russia And The Creation Myth Of Russian Collusion.

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by Ruby Henley President Trump had every reason to revoke Ex-CIA John Brennan’s security clearance.  It should have been done a long time ago, considering his past testimony in which he stated “no evidence of Russian collusion.” The MSM is having a field day with this latest action by President Trump, and, of course, John … Read more

Enron versus TSLA

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Enron versus $TSLA h/t @TeslaCharts pic.twitter.com/jns52yf1aN — Alastair (@StockBoardAsset) August 18, 2018 $TSLA pic.twitter.com/n7rr6T5h9b — Ramp Capital (@RampCapitalLLC) August 17, 2018 Lmao @elonmusk pic.twitter.com/fuDlFMvl9s — Wu-Tang Financial 🥑 (@Wu_Tang_Finance) August 17, 2018

What Happens When the Fed Turns OFF the Tap? Markets Will Be Unsustainable in 2019!

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Will the Fed cause a crash on purpose? Or is everything happening naturally? The Federal Reserve and other central banks had printed trillions but what happens when they turns off the tap?   MSCI EM Currency Index (MIEM00000CUS) – Investing.com https://www.investing.com/indices/msci-intl-em-currency 3.png (4770×2798) file:///Users/themoneygps/Desktop/3.png 2018-08-16_5-09-17.jpg (890×468) https://www.zerohedge.com/sites/default/files/inline-images/2018-08-16_5-09-17.jpg?itok=_SZ82TuD Tide about to turn for markets as easy-money … Read more

MORGAN STANLEY: The sell-off that has rocked emerging markets is far from over, and it’s headed for the US

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via MS Developed-market assets, including US stocks and credit, are not immune to the conditions that have dragged down emerging markets this year, according to fixed-income strategists at Morgan Stanley.  They flagged slower global growth, higher oil prices, and trade disputes as some of the causes of the EM sell-off that would put US stocks … Read more

OPERATION TPAJAX: 65yr Ago “Bob” Replaced Iran’s Democratically Elected Leader Using Tactics That Are Now Being Used Against Trump

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  For Those Who Don’t Know About “Bob”: Thread: Who Are “They”?  It’s quite obvious that they’re currently carrying out a similar style Operation against Trump & America itself!!! This time it’s our country that they’re using their toppling tactics against & We The People who are the ones being Targeted. Obama was Phase 1 of their … Read more

NY TIMES EXPOSES ANOTHER PLANT – In Trump Administration

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White House Counsel Has Cooperated Extensively With Mueller’s Obstruction Inquiry WASHINGTON — The White House counsel, Donald F. McGahn II, has cooperated extensively in the special counsel investigation, sharing detailed accounts about the episodes at the heart of the inquiry into whether President Trump obstructed justice, including some that investigators would not have learned of … Read more

Where to Look in the Oil Market for Clues of a Demand Slowdown

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via Ellen Milligan and Alex Longley Time spreads, oil products, currencies are potential indicators  Concerns are growing due to warning signs in emerging markets This is supposed to be a year of bumper oil demand, but economic warning signs are flashing across the developing nations that drive growth. Emerging markets are expected to contribute 1 million barrels a … Read more