US Gross National Debt Spikes $1 Trillion in Less Than 6 Months

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter And these are the good times. As of the latest reporting by the Treasury Department, the US gross national debt rose by $41.5 billion on Thursday, February 22, to a grand total of $20.8 trillion. Here’s the thing: On September 7, 2017, five-and-a-half months ago, just before Congress suspended the debt … Read more

Controlled Demolition: Heightened Financial Market Risks and the Planned Impending Recession

The second longest bull market in stocks was brutally interrupted in early February 2018 with some serious volatility, including the largest single day point drop in the history of the Dow Jones Industrial Average. I mean, why would something like that happen if the economy is otherwise doing so well, investors are so clearly exuberant, … Read more

What if there isn't an economic boom?

h/t @StockBoardAsset Trump doubles his economic magnificence: The "King of debt" is morphing into the "King of Double Debt": US’s projected twin deficits will be the largest outside of a recession, JPM says. pic.twitter.com/gwgLXzhBeL — Holger Zschaepitz (@Schuldensuehner) February 24, 2018  

Surging Freight Costs Fire Up Inflation Fears

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “Pricing power has erupted…” The transportation industry, particularly trucking, has benefited from the rise in retail spending in the fourth quarter and in much of 2017. The surge in e-commerce with all the transportation challenges it brings along has been a boon for the industry. Shipments have soared, rates have soared, … Read more

108 Consecutive Months Of Global Central Bank Easing Comes To An End, Money Supply Starting To Be Incinerated

108 consecutive months of global central bank easing comes to an end@biancoresearch @Bloomberg pic.twitter.com/kyGpPirNdi — Liz Ann Sonders (@LizAnnSonders) February 23, 2018 https://twitter.com/OccupyWisdom/status/967278678815182849 "And credit remains notably decoupled from stocks…" h/t zero hedge pic.twitter.com/0WbNhKHiu0 — Alastair (@StockBoardAsset) February 24, 2018 "The forward 12-month P/E ratio for $SPX is 17.1, up from 16.3 last week" h/t … Read more

Oxfam GB Suspended From Working In Haiti Amid Sex Scandal Investigation

by Disobedient Media Source: Oxfam GB suspended from working in Haiti amid sex scandal investigation Haiti has suspended Oxfam Great Britain from operating in the country amid an investigation into the charity’s sex scandal. The Caribbean nation’s government announced the UK arm of the charity has had its authorisation to work in Haiti revoked for at … Read more