Where this continuous QE bailout fantasy will fail is in the bond market. Income investors need assurance against extreme default risk. That requires Congress approval which barely passed in 2008. The first vote failed. This time I predict the nuclear …
Thanks to FOIA requests, we now know the 2008-2010 bank bailout didn't cost us $5 trillion, as we've been told. The real number is closer to $29 TRILLION, and it didn't just go to American banks. Gee, I wonder why …
*China #Property names face huge selling pressure again Monday after "housing is for living not for speculation" was added back to the Central Economic Work Conference statement published Friday which is seen as the general policy guideline for the housing …
https://money.cnn.com/news/specials/storysupplement/bankbailout/ h/t Brawny_709
Several weeks ago, I wrote an article asking why the media in general, and Politico in particular, refuse to cover the irregularities in Joe Biden’s taxes. Turns out they have a lot of reasons not to do so. Approximately 1,269,000,000 reasons, in …
WSJ: China Makes Preparations for Evergrande’s Demise Beijing, reluctant to bail out the country’s most heavily indebted property developer, is asking local officials across the country to prepare for a ‘possible storm’ SINGAPORE—Chinese authorities are asking local governments to prepare …
by Dave Kranzler of Investment Research Dynamics Wall Street on Parade has discovered that three of the Fed’s programs used to monetize bad assets on the big Wall Street Bank balance sheets have been removed from the Fed’s monthly reports to Congress. …
Federal Reserve Chairman Jerome Powell and Fed Vice Chairman for Supervision, Randal Quarles, would desperately like to make three of the Fed’s emergency bailout programs to Wall Street disappear from further scrutiny by Congress or the American people. That’s because …
via wallstreetonparade: This evening, the PBS program, Frontline, will do something that corporate broadcast media has failed to do since the financial crash of 2008. Frontline will air the results of its year-long investigation of the most powerful financial institution in the world – …
In today’s show, you will learn why the Federal Reserve is being forced to bail out money markets due to a 2016 SEC rule in an attempt to prevent money market rates from going negative, how the global services sector …
by Simon Black Are you ready for this week’s absurdity? Here’s our Friday roll-up of the most ridiculous stories from around the world that are threats to your liberty, risks to your prosperity… and on occasion, inspiring poetic justice. China says …
https://apnews.com/article/joe-biden-health-coronavirus-pandemic-business-ea5072c5f9c7397a8b01a4876abaccbd WASHINGTON (AP) — Airports around the country will share $8 billion in federal grants to help them recover from the pandemic, which caused a steep drop in air travel and a loss of revenue that airports expect from airlines …
via FEE.org: I bring up [the Johnny Depp film] Blow in light of news that California’s legislature approved a $100-million plan to boost California’s struggling legal marijuana industry. As the Los Angeles Times reports, the industry is in serious trouble. The growth of …
Joe Biden’s Imaginary America. Joe Biden’s ballyhooed “infrastructure” plan, coupled with unprecedented stimulus spending, is cast by the obliging media as being about the middle class but seems oddly detached from how the overwhelming majority of the middle class lives, …
You people waking up fast enough . Rand is just letting you know. Cry me a river, Jeff Bezos lost out on a space contract so now Senate inserts a Bezos bailout provision for $10 billion for his space company?? …
NOW THAT Jeff Bezos’s space flight company Blue Origin has lost a multibillion contract to Elon Musk’s SpaceX, Congress is prepping the ground for Bezos to win a contract anyway, ordering NASA to make not one but two awards. The …
by Mike Gleason Don’t want to listen? Read the podcast below! Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason. As Washington prepares to pump another $1.9 trillion in stimulus into the economy, asset prices are lifting. From food to …
“Once. Only this year. Later on, that’s their problem”: Finance Minister. $3.4 billion in fuel was stolen in 2018, including by insiders. Crackdown now underway. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. After years of falling production, compounding …
by Jesse Colombo Business Insider published a piece this week called “China’s hopes of becoming the world’s largest economy are hitting a major roadblock“: China’s economy is growing at its slowest pace in nearly three decades, and some economists say …
The banking lobby and the ECB will have a cow. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Friday, Italy’s coalition government unveiled new banking regulations that it hopes to pass in the coming months, including a rule that would …
by Thinker When it comes to fraud, corruption, lies, and conspiracy against the American people, it is clear to see why there are over 50,000 sealed indictments, with many already served. Those who conspired against the greatest nation in the …
Well, that didn’t take long. And whatever happened to the Eurozone’s new bail-in rule? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Italy’s government, in its eighth month in power, has already bailed out a bankrupt bank, mid-sized Banca …
Romney Was Right, the GM Bailout Goes Bust, and Taxpayers Pay the Price. “Let Detroit go bankrupt,” former presidential candidate Mitt Romney wrote in 2008, arguing that the federal government should not bail out the failing domestic auto industry for their …
The Bank of Canada is desperate. The housing market in Canada is the last avenue for keeping up a fraudulent economy. Real estate has been the only factor allowing Canadians feeling as if everything is ok. Just use your home …
Do you think the BAILOUTS will ever stop? Greece is at it again. They just got off their own bailout from the Troika and now they are considering bailing out their banks. How is it possible that their banking system …
by John Rubino It’s long been an article of faith in the sound money community that the Fed, by bailing out every dysfunctional financial entity in sight, would eventually be forced to choose between the deflationary collapse of a mountain …
The Trump administration has unveiled plans to offer billions of dollars in aid for farmers hurt by the escalating trade war. US farmers have been hit by retaliatory tariffs on goods like soybeans, pork, and beef. “President Trump has promised …
Will Argentina need to sell off its assets like Greece? Like Venezuela will too? IMF Biggest Ever Bailout in History! Argentina, Brazil, Venezuela Argentina has just received the biggest bailout in IMF history. A massive loan to a country …
