Pension Crisis on the Horizon

by

by FS We’ve often discussed problems facing state pension systems, but now we’re seeing the makings of a crisis forming over unfunded liabilities and state pension systems. This time on the Financial Sense Lifetime Income Series, Jim Puplava discusses what he sees as a coming tsunami of pension problems for retirees. Perfect Storm Brewing This analogy … Read more

The pool of publicly traded stocks is shrinking. Here’s what investors can do

by

From Frank Holmes at Frank Talk: Elon Musk is no stranger to making controversial and outlandish comments, and his tweet last week is no exception. As you probably know by now, the perennial entrepreneur announced to his more than 22 million Twitter followers that he is “considering taking Tesla private at $420.” Despite the Herculean challenge—such a move … Read more

Italy Warns that Stopping QE will Lead to Collapse of Eurozone

by

by Martin Armstrong Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government … Read more

Apple Supplier Hon Hai Shares Fall 1.9 Percent After Second Quarter Results Miss Estimates

by

via RTRS  For the quarter ended June, Foxconn reported a net profit of T$17.49 billion ($567.25 million), versus T$17.9 billion a year ago. This was below a mean estimate of T$21.936 billion ($711.45 million) from nine analysts polled by Thomson Reuters I/B/E/S. It did not elaborate on its earnings. *** We have positioned ourselves accordingly: … Read more

300+ ‘Predator Priests’ Named In PA Grand Jury Report

by

  PITTSBURGH (KDKA) — The long-awaited state grand jury report into sexual abuse in six Pennsylvania dioceses, including Pittsburgh and Greensburg, has finally been released. The 884-page document, two years in the making, shines a light into the dark corners of these dioceses going back seven decades, exposing the predators and the efforts of their … Read more

The Price of Cheap Dollar/Euro Debts: Local Currencies Come Unglued, Debt Crises Ensue

by

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45%. On Monday, Argentina’s central bank responded to the currency chaos in Turkey and other sections of the Emerging Markets, including the ongoing collapse of the Argentine peso: It raised its policy rate by five percentagepoints to 45%. Argentina’s … Read more

Boston-Area Mayor Launches Boycott of Sam Adams, One of His Area’s Biggest Employers and Brands, Because the Owner Said Positive Things About the Trump Tax Cuts

by

Watch the latest video at foxbusiness.com It may be beer-time somewhere, but you won’t see one Boston-area mayor sipping on a Massachusetts staple anytime soon. The mayor of Somerville, Massachusetts, Joseph Curtatone, is boycotting Sam Adams after co-founder Jim Koch praised President Trump’s tax cut plan at a dinner in New Jersey last week, saying … Read more

KAROL MARKOWICZ: The media’s blatant hypocrisy — even about media-bashing.

by

via nypost: Welcome to the age of self-congratulatory media. “Democracy dies in darkness” goes the ridiculous tagline on The Washington Post’s front page. Reporters openly call themselves heroes and firefighters. Yet when it doesn’t fit the standard left-wing narrative, our Guardians of the Galaxy are MIA. On Sunday, the Unite the Right II rally of white … Read more

I’M SORRY, BUT ALL THE BEST PEOPLE HAVE ASSURED ME THAT THIS IS IMPOSSIBLE:

by

Trump’s foreign policy is actually boosting America’s standing. A story is supposed to have  two sides, but there is only  one when it comes to President Trump’s foreign policy. Most American media treat his every effort as a savage assault on a harmonious world order. Whether it’s the trade dispute with China, his pushing North … Read more

When taxpayers tire of subsidizing this sort of thing, we’ll be told that it’s because of “anti-intellectualism.”

by

HIGHER EDUCATION BUBBLE UPDATE: Identifying the Real Haters on Campus. While radical feminism in the 1960s called for challenging existing gender roles and abolishing what the feminists saw as the pervasive patriarchy that permeated social institutions, churches, politics, and schools, today’s radical feminists call for the elimination of men. In an offshoot of the #MeToo movement, … Read more

Gowdy: ‘Unbelievable’ That DOJ’s Bruce Ohr ‘Would Insert Himself Into an Ongoing Investigation’

by

via CNSNews: Members of the House Oversight and Judiciary Committees will return to Washington on August 28 to hear what Bruce Ohr, a high-ranking Justice Department official, has to say about his connection to the Steele dossier, which apparently launched the Trump-Russia investigation. Ohr’s wife Nellie worked for Fusion GPS, which hired Christopher Steele to produce … Read more

Deutsche Bank shares crumble

by

https://www.investing.com/equities/deutsche-bank Under 9. Crosses that mark and then we may be in for trouble. DB is exposed to Turkey, but not as bad as banks in Spain. Yet with all of DB’s troubles, who knows what they really have on their books and where…   h/t KEK

California Supreme Court: Loans with 200+ percent interest rates are ‘unconscionable’

by

via sfgate: California law strictly limits interest rates on loans of less than $2,500, and sets no numerical ceiling on interest for higher loans. But rates on loans for $2,500 or more can nevertheless be so oppressive — or “unconscionable” — that they violate the law, the state Supreme Court ruled Monday. In a class-action suit … Read more

The financial elite are not allowed to show You this chart

by

the financial elite are not allowed to show You this chart pic.twitter.com/NwEIT5pzJ6 — Alastair (@StockBoardAsset) August 14, 2018 China's growth slowdown has nothing to do with trade tariffs but now they have a convenient excuse for it to the masses pic.twitter.com/RydkGB2cn0 — M/1_LP (@MI_Investments) August 14, 2018 China slowdown and a currency crisis would have … Read more