1997 Asian financial crisis – Thailand > Malaysia > Indonesia > South Korea > Russia debt default > Long Term Capital Managament…derivative implosion, economy on brink of collapse.

https://twitter.com/OccupyWisdom/status/1029339254030299136 What we have witnessed in Emerging Markets is simply a continuation of what we saw with Equity Vol and very briefly in Italy. It is also the part of the same thing as the Crypto and Chinese equities corrections. The Unwind is underway. Markets are beginning to normalize. — Paranoid Bull (@paranoidbull) August 13, … Read more

Trump Signs Massive Defense Bill: Biggest Pay Raise For Soldiers In Nine Years

via dailywire: On Monday, President Trump signed the National Defense Authorization Act, or NDAA, a bill authorizing an increase of over 15,000 troops as well as a long-overdue pay raise for soldiers. The military spending package includes $717 billion for national defense in the next fiscal year, according to the White House. The additional soldiers will be … Read more

As California BURNS A Scientist Blasts Media’s ‘Misinformation’ About Global Warming and Wildfires

https://www.youtube.com/watch?v=kuXpJBj7MdM The Western Journal reports, With wildfires engulfing over 620,000 acres of California, there’s been a concerted media campaign to single out man-made global warming as the primary force behind the deadly blazes Read More/Source/Credit/FairUse: https://www.westernjournal.com/scient…

Glass-Steagall would have saved us

by Randy_Newman1502 A popular idea that has taken root in people’s imaginations is that “Glass-Steagall” would have “saved” the United States from the vagaries of the financial crisis. My objective here is to argue that it would have done no such thing. Now, I fully understand that it is extremely difficult to argue a counterfactual (what would have … Read more

What kind of effects would the climb to a nationwide $15 minimum wage have on the US economy?

by ARIZaL_ McDonald’s bun are made in Ontario, California.. but 14.4 million buns per week using “a handful of workers” so if we say wow man, that must be employing 30 workers at minimum wage, and we double their salary.. that’s an $8,700 increase across 14.4 million buns.. that’s a cost increase of $0.0006 per bun. See, … Read more

Bearish Due Dilligence.

by SpicyMussolini For the past nine years, the equities market has seen one of the best percent gains since the Bull Market of 1948-1969. Corporate taxes are low, GDP growth is strong, and joblessness well below the Natural Rate of Unemployment (NRU). However, quite a few ratios, economic data, and past performances are pointing to … Read more

CAPTAIN OBVIOUS SPEAKS! After Getting ARRESTED This GOP Rep Tells Everyone What We Already Knew

https://www.youtube.com/watch?v=daQv78Cx_TY Evie Fordham for the Daily Caller reports, New York Republican Rep. Chris Collins will not seek a fourth term in Congress after being indicted on insider trading charges Wednesday, the congressman said Saturday morning despite saying “I will also continue to fight the meritless charges brought against me and I look forward to having … Read more

BOOM! Trump FIRES Warning Shot At Crooked Hillary and Mueller with TWO Words That Will TERRIFY Them

https://www.youtube.com/watch?v=EiaZRAqavwg Cristina Laila for the Gateway Pundit reports, President Trump fired a warning shot this week after slamming Mueller’s illegal witch hunt, Crooked Hillary and FISA abuse. “Stay tuned!” warned President Trump. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2018…

The Problem Isn’t Alex Jones’ Free Speech, It’s Digital Platform Monopolies

The Infowars host hasn’t been silenced, but he feels he’s been denied an audience because the big tech platforms have a monopoly on your eyeballs Alex Jones, the head of a right-wing lifestyle brand selling paranoid insanity ― and boner pills ― complained this week that his suspension from a handful of major digital platforms … Read more

More Americans are defaulting on their credit cards – Harbinger of things to come?

by OfficialHavik   Usually the first sign of a downturn is when default rates for various kinds of debt rise (credit card, auto loan, etc.). Here’s an article from the NYpost talking about it. https://nypost.com/2018/08/11/more-americans-are-defaulting-on-their-credit-cards-analyst/ Despite a booming economy, many Americans are having trouble paying credit card bills, industry observers warn. An increasing number of … Read more

New loan programs target home buyers with just 3% down—or less

Article here Some of the more concerning ones: -Crowdsourcing CMG Financial, a lender based in San Ramon, California, has created Homefundme.com, where prospective home buyers can tap the collective pockets of their social network. “They can basically ask their family, friends, associates, colleagues, Facebook friends to give them five bucks here and there” toward a down … Read more

China Is Literally Printing Money for Brazil, India, Poland, and Many Other Nations

via businessinsider: China’s money-printing industry is running at “full steam” for foreign clients including Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland, according to reports. The printing is linked to China’s Belt and Road Initiative, which has seen China build infrastructure and invest in about 60 countries in Europe, Asia, and Africa. “A nation must … Read more

The “synchronized growth” mirage is fading; Turkey is not the only country who’s currency is melting away.

The "synchronized growth" mirage is fading. The bond market -like most markets- is a game of relatives. As investors become aware of liquidity and solvency risks in "high yield" and emerging markets, funds flow into US treasuries and dollar assets despite their own challenges pic.twitter.com/KXJwLqyyJS — Daniel Lacalle (@dlacalle_IA) August 13, 2018 What do you … Read more

The Risk Free Rate Is A Guaranteed Loss

via @OccupyWisdom : The #CPI #inflation number (obviously it’s much higher) is 2.90% And…the 10 year #treasury is at 2.87% So…after loaning #money for ten years, you end up with a negative rate of return. Then you have to pay #taxes on top. The risk free rate is a guaranteed loss After #taxcuts and rising #interestrates the … Read more