by visualcapitalist Regardless of which side of the 49th parallel you are on, banking sectors play a crucial role in both the financial system and the economy. But while banks on each side of the border perform many similar functions, and have comparable economic impacts, the fact is that the U.S. and Canadian banking systems are … Read more
The consensus minimum death toll figure for that period in Chinese history is 400,000. Jung Chang and Jon Halliday place the number at up to three million in Mao: The Unknown Story. But even without a single death, the Cultural Revolution would have been horrific. It was an attempt—in some ways entirely successful and in other ways not—to destroy … Read more
It amounts to a non-committal shrug until he sees what Kim Jong Un actually does: President Donald Trump on Wednesday offered a non-committal response to North Korean threats to cancel his planned summit with Kim Jong Un, saying he hadn’t received any information that would put the talks in jeopardy. “We haven’t been notified at … Read more
The city attempts to wring more money from its employers rather than fix its housing problems. Well. Amazon already is doing a great deal to fend off homelessness. For starters, it is employing tens of thousands of people—thereby providing them with steady income with which to pay their mortgage or rent. On top of that, … Read more
by Ruby Henley The report by the OPCW’s fact finding mission for Syria determined that chlorine was released from cylinders by mechanical impact in the Al Talil neighborhood of Saraqib. President Trump was correct, and it appears the government of Syria was involved. The following statement from the report must be accepted as truth – … Read more
Authored by Adem Tumerkan via Palisade Research, Last week, used car prices had their biggest drop since 2009 – directly after the financial market meltdown of 2008. And right now, the auto market is showing signs of incredible worry. Delinquent subprime auto-loans are higher than they were in the last recession. Look for yourself. . . What’s interesting … Read more
by John Rubino After an epic (generation-spanning at the long end) decline in interest rates, the trend has finally reversed. Which means, if history is still a reliable guide, there’s a number that ends this cycle and ushers in the next recession and equities bear market. But what is it? Here’s a chart (from MishTalk via … Read more
by mauldineconomics In 1999, I began saying the tech bubble would eventually spark a recession. Timing was unclear because stock bubbles can blow way later than we can imagine. Then the yield curve inverted, and I said recession was certain. I was early in that call, but it happened. In late 2006, I began warning about … Read more
by Disobedient Media The Guardian recently published a patently disingenuous article which described WikiLeaks Editor-In-Chief Julian Assange hacking into the communications at the Ecuadorian embassy where he has been arbitrarily confined since 2012, and was cut off from the outside world since late March of this year. The Guardian’s article, Revealed: Ecuador spent millions on spy operation … Read more
by Jesse “It’s no accident that the size of the financial sector today as a percentage of GDP is at levels equaled only on the eve of the Great Depression. Like the decade leading up to the financial crisis of 2008, the Roaring Twenties were marked by not only financial boom and technological wonder, but … Read more
by Martin Armstrong It really is stunning how politicians in Europe are so disconnected with the people. The press bashes those in Britain who are against “refugee” immigration from the Middle East as RACISTS, despite the fact that they are of all races and Islam is not a race, it is a religion. It is amazing how they throw … Read more
by Jim Rickards of Daily Reckoning Investors can be forgiven for thinking they hit the trifecta last Friday. The U.S. Bureau of Labor Statistics reported that unemployment had dropped to 3.9%, the lowest in almost 20 years. The Federal Reserve Bank of Atlanta reported that its widely followed GDP forecasting tool was showing projected growth for the second … Read more
by Simon Black As if things weren’t bad enough for beleaguered Tesla… The company lost $1.1 billion in cash in the last quarter, executives are leaving the company in droves, it’s facing production issues with its Model 3 and, as I recently discussed, Elon Musk insulted analysts on the latest earnings call by dismissing their questions – … Read more
by Dr. Eowyn I know, I know. The answer to that question is as numerous as stars in the heavens. Recently, DCG did a post on a strange bulge under Hillary’s jacket. Hillary had sported strange bulges on her back before — under her green jacket at a private fundraiser on the evening of February 24, 2016 in the … Read more
Making a complaint is rarely a pleasant experience. When something has gone awry with a business transaction, even if there are policies in place to help you resolve the issue, supposedly to everyone’s satisfaction, often the fact of having to do so is enough to make you feel angry and/or upset. Certainly, that can be … Read more
by Martin Armstrong QUESTION: Hi there Mr. Armstrong In attempting to synthesize some of your past comments, I wonder if it is accurate to conclude that rate hikes are the lesser of two evils between collapsing pension funds and higher debt servicing costs? If so, the implication is that budgets don’t matter, since it appears you … Read more
via silverdoctors: Call it “Shadow De-dollarization” or “Backdoor De-dollarization”, but no matter what you call it, this scheme is pure genius. Here’s the details… Selling their massive hoard of U.S. treasuries is not the only way that China can “dump the dollar”. Here’s a look at a crude (pun and no pun intended) and clever way … Read more
by Dave Kranzler of Investment Research Dynamics Other people’s money is always more fun to play with recklessly than your own. As such there’s been a quiet escalation in number of private capital pools offering mortgage (and auto) financing to subprime quality borrowers. “Special Circumstance Lending” is one such lender in Denver. It constantly runs ads on Denver … Read more
by stockboardasset It is an uncomfortable time for Taiwan. China’s People’s Liberation Army (PLA) began a dangerous “island encirclement” war drill around the country, which on Friday saw bombers and fighter jets simulating strikes on Taiwanese targets for the first time. It seems as Beijing will not wait for reunification; it wishes to intimidate the island … Read more
by Sara Tipton “Nightmare bacteria” with unusual resistance to antibiotics of last resort were found more than 200 times in the United States last year in a first-of-its-kind hunt to see how much of a threat these rare cases have become. It’s also important to realize that there are steps that can be taken to help … Read more