“Big Four” Audit Oligopoly Strikes Back at Plans to Break it Up

After a series of sudden corporate collapses, audit firms face a crisis in the UK. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Deloitte, one of the so-called “Big Four” accountancy firms that have effectively cornered the global audit industry, has warned the UK government and regulators that any attempt to break up their oligopoly could … Read more

Investor Alert: Real Assets Are At All Time Lows Versus Financial Assets, Investors Keep Fleeing Equities Despite The Rally, Yield Curve Is Collapsing…

The confidence is being lost for three reasons: Crippling debt Stagnant wages High inflation U.S. consumers are feeling a bit less confident as they grow more concerned about trade wars. https://t.co/fIe9CNHtHT — Lisa Abramowicz (@lisaabramowicz1) July 13, 2018 Corporations are very confident they can add debt and buy back stock forever without repurcussion. Until they … Read more

The next time you read that central banks have been the heroes of this crisis and monetary stimuli have saved the world, remember…

Print The Bubble. The reason why capex is poor is that QE perpetuates overcapacity. Growth is poor because QE props up unproductive government spending and -as u said- housing bubbles   Debt accumulation and saver repression are not social policies. The Global Implementation Of Demand-Side Debt-Fueled Policies Has Made Crises Widespread and More Frequent. (Bordo … Read more

It’s been another tough week for Tesla…

by Simon Black It’s been a tough week for Tesla. Bloomberg Businessweek reported Tesla factory workers were given Red Bull to stay awake to meet aggressive Model 3 production goals (and told to walk through a raw sewage spill to keep the line moving). Also, because Tesla has delivered 200,000 cars to US buyers, customer tax … Read more

How Relevant is an Inflation Index That Ignores All Energy Prices?

via advisorperspectives: Note: The charts in this commentary have been updated to include this morning’s Consumer Price Index news release. Back in 2010, the Fed justified its aggressive monetary policy “to promote a stronger pace of economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate” (full text). In effect, the Fed … Read more

Parents Now Taking On Most New Student Debt

by John Rubino Not so long ago, student debt was mostly the responsibility of students. That is, you paid for college with loans and then paid off those loans with the proceeds of the good job you got with an advanced education. These days it’s a little different. The cost of higher education is soaring, … Read more

Inflation is in the news, but what is it?

By Jeffrey A. Tucker at the American Institute for Economic Research: It’s in all the economic headlines now: the inflation threat is back. The Wall Street Journal reports: Inflation is back in the spotlight. Are we in for some surprises? First, let’s look at pipeline prices. The producer-price index, a gauge of what businesses are paying, jumped … Read more

YouTube Will Now Decide FOR YOU What Is And What Isn’t AUTHORITATIVE NEWS!

The mainstream media outlets are not getting the views they used to on cable television. People no longer trust the mainstream outlets and rightly so! This video discusses a new policy announced by Youtube a few days ago that suggests that even more draconian censorship practices are becoming official policy. It was becoming increasingly clear … Read more

How Amazon Rules

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter It owns 33% of the internet “cloud,” 49% of US e-commerce, and is elbowing into other sectors. Amazon (AMZN) is a Goliath in very different sectors. One is the internet cloud, a booming business. Amazon Web Services has evolved into the single largest player offering cloud computing services to companies, governments, … Read more

Big Pharma and the Rise of Gangster Capitalism

by Charles Hugh-Smith $8 per vial in competing developed-world nations and $38,892 in the U.S. That says it all. Thanks to decades of gangster films, we all know how gangster capitalismworks: the cost of “protection” goes up whenever the gangster wants to increase revenues, any competition is snuffed out, and “customer demand” is jacked up by any … Read more