SOVEREIGN DEBT DEBACLE

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https://twitter.com/OccupyWisdom/status/986585336812843008 The Treasury market continues to ignore the rising federal deficit. https://t.co/v7hFdTrxuh via @SoberLook pic.twitter.com/MiHextxHdN — Jesse Felder (@jessefelder) April 13, 2018 World Debt Hits Record $164 Trillion Bloomberg–16 minutes ago High levels of sovereign debt could make it difficult for governments to refinance when their debt reaches maturity, especially if financing conditions tighten, the IMF said. Large debts … Read more

20-Something Slowly Climbing Out Of Debt…

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by Fine_Bovine   I’ve been in spiraling debt for the last three years. I moved to a new city where the cost of living was much higher than I’d ever experienced. I worked less after this initial move, draining my savings and maxing out credit cards. When I took a full-time job, the pay was … Read more

Why is ATL Fed GDPNow 1Q18 est. Crashing?

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Why is ATL Fed GDPNow 1Q18 est. Crashing? pic.twitter.com/bFVNyUeCZe — Alastair (@StockBoardAsset) April 18, 2018 “The last thing I want to see is growth in credit card, student and auto lending at too rapid a rate if we are heading towards the end of the [economic] cycle” https://t.co/2s55ly9Ew6 pic.twitter.com/Dm3P0LJPKR — Trevor Noren (@trevornoren) April 18, … Read more

Laurence Kotlikoff – Retirement Crisis Around the Corner

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from Financial Survival Network Boston University’s Professor Laurence Kotlikoff returns… There’s a retirement crisis that’s about to hit the country. Whether you’re a retired/retiring government worker, a social security recipient or perhaps a millennial who’s expected to pay for it all, it cannot be escaped. Right now, we’re content to kick the can down the road, but the … Read more

Daniel Greenfield – More Election Conspiracies to Silence the Right

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from Financial Survival Network Daniel Greenfield returns… In the middle of March, The Guardian, a British lefty tabloid, rolled out a fake scandal that has dominated the media. Its original article claimed that Christopher Wylie, a “whistleblower”, had revealed how Cambridge Analytica, the company he had worked for, had helped Trump win by illegitimately harvesting large amounts … Read more

GOP Lawmaker DESTROYS Comey, Hillary and McCabe From House Floor With Plan to ARREST Them ALL

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https://www.youtube.com/watch?v=mx6LlLOMYGA Cristina Laila for the Gateway Pundit reports, Earlier, Rep Lee Zeldin (R-NY) announced he would be leading a Special Order on the House Floor Monday night detailing a case for a second Special Counsel to be appointed to investigate Obama’s FISA abuse. Read More/Source/Credit/FairUse: http://thegatewaypundit.com/2018/04/w… Feds: Comey & Lynch Colluded with Clinton Campaign to … Read more

Is This The Long-Awaited Silver Short Squeeze, The Beginning Of The Next Bull Market, Or Both? Or, Sigh, Neither?

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by John Rubino Silver’s popping today. Which is what people following the futures market action have been expecting for several months now. Speculators – usually wrong at big turning points and almost always at least slightly net long silver – have suddenly gone net short. This is almost unprecedented, and implies that a short squeeze … Read more

Our Strange Attraction to Self-Destructive Behaviors, Choices and Incentives

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by Charles Hugh-Smith Self-destruction isn’t a bug, it’s a feature of our socio-economic system. The gravitational pull of self-destructive behaviors, choices and incentives is scale-invariant, meaning that we can discern the strange attraction to self-destruction in the entire scale of human experience, from individuals to families to groups to entire societies. The proliferation of self-destructive … Read more

The Corruption of Evidence Based Medicine

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The pharmaceutical companies have bribed so many doctors, so many journal editors, that medical articles can no longer be trusted. American medicine has become completely corrupted.     The idea of Evidence Based Medicine (EBM) is great. The reality, though, not so much. Human perception is often flawed, so the premise of EBM is to formally study … Read more

Nearly One-Third of U.S. Lottery Winners Declare Bankruptcy

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “I wish I’d torn that ticket up.” Wolf here: The other day, I wrote about the $73 billion in Voluntary Taxes that Consumers Pay Eagerly and with Great Excitement. That $73 billion were the lottery revenues in 2016, according to the Census Bureau, up 9% from a year earlier. States, which run … Read more

Junk Bond Market Still in Total Denial, Fighting the Fed – Happily Dreaming In La-la-land Till The Rude Awakening.

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The Fed’s efforts to raise interest rates across the spectrum have borne fruit only in limited fashion. In the Treasury market, yields of longer-dated securities have not risen as sharply (prices fall when yields rise) as they have with Treasuries of shorter maturities. The two-year yield has surged to 2.41% on … Read more

Late-Cycle Commodity Surge Under Way, Says Frank Barbera

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by FS According to the Game Plan for Late-Cycle Investing, as the economy moves towards its latter stages, commodities tend to outperform equities and other asset classes. Frank Barbera—market technician, portfolio manager, and editor of the Gold Stock Technician newsletter—believes we’re likely in that process right now and recently discussed his outlook on the stock market, … Read more