This article was written by Tom Chatham and originally published at Project Chesapeake Numerous economists and investors are warning of another great financial crisis to come but few people want to listen to them. No crisis is ever exactly like the last one and the next great depression will be different from the last one. In … Read more
State approves Nestle’s water withdrawal permit—Michigan approved a permit from Nestle to increase the amount of groundwater it pumps to 400 gallons of water per minute, Michigan received a unprecedented number of public comments on Nestle’s proposal. 80,945 commenters were against 75 were in favor. The Michigan DEQ has approved a permit from Nestle Waters North … Read more
Earlier this year, a Michigan State University economist, working with graduate students and a former government official, found $21 trillion in unauthorized spending in the departments of Defense and Housing and Urban Development for the years 1998-2015. The work of Mark Skidmore and his team, which included digging into government websites and repeated queries to … Read more
Just days after Beijing officially launched Yuan-denominated crude oil futures (with a bang, as shown in the chart below, surpassing Brent trading volume) which are expected to quickly become the third global price benchmark along Brent and WTI, China took the next major step in the challenging the Dollar’s supremacy as global reserve currency (and … Read more
Okay, I was totally mistaken, I thought entire CA state is a leftist shithole. Seems like there are people in CA with common sense. TRUMP SENDS MILITARY TO PROTECT SOUTHERN BORDER! AC
https://twitter.com/MacroTechnicals/status/980879597804847108 Goldilocks Who? 50% More Corporate Credit Downgrades vs Upgrades Q4 17 In a near-ZIRP world, US corporations can’t help but overfeed at the debt trough. As Default Rates Rise, Banks Hike Debt Interest Rates 1% in 6 Months “Wall Street banks that charge 15 to 20 percent on credit cards are holding trillions of … Read more
by Dr. Eowyn From Wikipedia: On February 14, 2018, a mass shooting occurred at Marjory Stoneman Douglas High School in Parkland, Florida. Seventeen people were killed and seventeen more were wounded, making it one of the world’s deadliest school massacres. […] Seventeen people were killed and seventeen more were wounded. Here are the names of the 17 … Read more
The North Atlantic Iceberg season is off to a three times above average start. This is because of an ice arc forming near Baffin Island the last known seed point for glaciation on our planet. This jams ice floew behind which create massive icebergs, and this season is the heaviest of the last five “heavy … Read more
by Lance Roberts “Technically Speaking” is a regular Tuesday commentary updating current market trends and highlighting shorter-term investment strategies, risks, and potential opportunities. Please send any comments or questions directly to me via Email, Facebook or Twitter. The big question for investors at the moment is whether the 9-year old bull market has finally come to its inevitable conclusion or is it … Read more
by WARREN MOSLER Worse than expected, weak, and decelerating: Highlights Construction spending has been soft, inching only 0.1 percent higher in February after posting no change in January but there are definitely signs of strength in the details. The most important gains are being posted for new single-family homes, up 0.9 percent for a second straight … Read more
by Ruby Henley President Trump has been successful in communicating with Mexico concerning the crisis of the migrant caravan invasion into the United States. Mexico halted the caravan on Monday evening, and immigration officials are in the process of registering the travelers and giving some humanitarian visas. Of course, some will have to leave Mexico. … Read more
by Simon Black They say that goldfish have the shortest memory in the Animal Kingdom… something like 3-seconds. But it turns out this isn’t actually true. Researchers at the Israeli Technion Institute of Technology conducted an experiment in 2009 proving that even the tiniest fish could be trained to recall certain sounds after as long as … Read more
Kareem Abdul-Jabbar: Don’t Be Fooled, ‘Roseanne’ Is Really TV’s Most Anti-Trump Show The NBA great and Hollywood Reporter columnist argues the politics on the revived sitcom are played for laughs like on ‘All in the Family’ or the ‘Colbert Report,’ but the daily economic struggles of the Conner family actually make a pointed anti-Trump statement. … Read more
Why Xi’s lifting of term limits is a good thing Found via Gabriel Malor of the Federalist, who tweets, “Er…a non-twitter pal notes that WaPo has literal communist propaganda today.” Bezos’ illegal unregistered lobbyists kissing up to totalitarian scum to access the potential Chinese market. Bezos did not pay good money for the Post without … Read more
Image by iStock.com/mangpor_2004 By Larry White for Alt-M In 2014 the government of Ecuador, under then-President Rafael Correa, announced with great fanfare that the Ecuadorian Central Bank (BCE) would soon begin issuing an electronic money (dinero electrónico, or DE). Users would keep account balances on the central bank’s own balance sheet and transfer them using a … Read more
Severe thunderstorms capable of producing damaging winds, heavy downpours, large hail and isolated tornadoes will strike areas from the Ohio Valley to the Deep South on Tuesday and Tuesday night: https://t.co/78YnJx9DV3 pic.twitter.com/5rWdKOW50M — Breaking Weather by AccuWeather (@breakingweather) April 3, 2018 The combination of severe drought, gusty winds and very dry air will lead to … Read more
I am right about Amazon costing the United States Post Office massive amounts of money for being their Delivery Boy. Amazon should pay these costs (plus) and not have them bourne by the American Taxpayer. Many billions of dollars. P.O. leaders don’t have a clue (or do they?)! — Donald J. Trump (@realDonaldTrump) April 3, … Read more
Porton Down boss tells @skynews not yet able to establish where #salisbury #poisoning nerve agent came from ie can’t confirm it was Russia BREAK: Porton Down boss tells @skynews not yet able to establish where #salisbury #poisoning nerve agent came from ie can't confirm it was Russia — Kay Burley (@KayBurley) April 3, 2018 The … Read more
There has been a failure of the Enhanced Tactical Flow Management System. Contingency procedures are being put in place which will have the effect of reducing the capacity of the European network by approximately 10%. Further information will be provided as soon as possible. — EUROCONTROL (@eurocontrol) April 3, 2018 One in 10 flights likely … Read more
by Chris This morning, in the WSJ on-line edition, right at the very tippy top of the page in the left corner, minutes after the “”market”” opened, the WSJ marketing machine was busy helping Wall Street sell more of its inventory: Of course, if the eager co-marketers of stocks at the WSJ had waited even a … Read more