Snowden Joins Outcry Against World’s Biggest Biometric Database Says India must reform policies to protect privacy of citizens India top court to start hearings on Aadhaar legality Jan. 17 Former U.S. intelligence-contractor-turned whistleblower Edward Snowden joined critics of India’s digital …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter 11 days after I lambasted the outfit. Billions went up in smoke already. This is my biggest blockchain hero, and now the Securities and Exchange Commission is taking all the fun out of it. The SEC has “temporarily …
Authored by John Mauldin via MauldinEconomics.com, In response to the 2008 financial crisis, the Fed and other central banks deployed zero or near-zero interest rates, quantitative easing, and assorted other interventions. These may have averted an even worse disaster, but …
In the city/country you live in, has real estate become unaffordable? Let me know. Take a look around. Most major cities are experiencing a housing boom as if the money was free. When you look at how low mortgage …
The devaluation of currencies is clear to me. Japan is the best example of a failure. Printing wild amounts of currency just to fill the void creates a complete distortion of reality. No wonder they can’t pull the plug. They …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter What, first down-tick in Seattle? The S&P CoreLogic Case-Shiller National Home Price Index for September, released today, jumped 6.2% year-over-year (not-seasonally-adjusted). By comparison, consumers’ nominal disposable income (not adjusted for inflation) rose only 2.9%. When population growth is factored …
by Raúl Ilargi Meijer Jean-Léon Gérôme Slave market 1866 Here’s the story in a nutshell: Ultra low interest rates mark a shift away from people’s wealth residing in their savings and pension plans, and into to so-called wealth residing in their homes, which …
by Daniel Carter The bull market has continued to rip on the hopes that this Republican administration can lower taxes and add more stimulus to the economy. Once an outspoken critic of the obscenely high valuations in the stock market, President …
Since we all know that bonds are the most worthless garbage, do you believe this is a HUGE risk? Globally we have seen bonds become the biggest bubble in history. When they crash, they will be the biggest crash in …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter I don’t remember ever having seen crazier times of more pandemic proportions. “It is the biggest scam ever, such a huge gigantic scam that’s going to blow up in so many people’s faces. It’s far worse …
Throughout history we have seen different stocks, different asset classes, and different regions of the world experience a bubble. Hot money flows inward and expands the bubble further and further until one day, a loud popping sound is heard, followed …
by John Mauldin My good friend Peter Boockvar recently shared a chart with me. The University of Michigan’s Surveys of Consumers have been tracking consumers and their expectations about the direction of the stock market over the next year. We are now …
The best part is that they’ve just spent 2 years painting Russia as the enemy, making the uranium deal look 100x worse than it already was POTUS Live on FNN: “Your REAL Russia Story is URANIUM!” “BIGGEST STORY of the …
I don’t care how many people disagree with this information. It’s the truth. And the truth hurts sometimes. Get over it. Canadian real estate has allowed Canadians to make incredible profit by extracting the value of the home in the …
By Michael Snyder I really need your help. As most of you already know, I am running for Congress in Idaho’s first congressional district, and because there is no incumbent the race is totally wide open. I announced that I …
By Michael Snyder Are we right on the verge of one of the greatest financial collapses in American history? I have been repeatedly warning that our ridiculously over-inflated stock market bubble could burst at any time, but former Federal Reserve Chairman …
by The Phoenix The single biggest trend for the next year or so will be the collapse of the $USD. The fact is that the Fed will be forced to walk back its hawkishness. Indeed, this process has already begun with …
Trends forecaster Gerald Celente thinks the economy is so weak that it must be propped up by massive fraud, and that means any black swan can sink this economic scam overnight. Celente contends, “It’s over, it’s over and that’s why …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Wow, did you see that? That was quick. Friday morning between 10:15 AM and 11:15 AM, the Nasdaq gallivanted around blissfully for an entire hour in record territory of around 6,340 with not a worry in …
by Umar Farooq The world’s biggest beverage maker will cut 1200 jobs as it deepens its cost cutting measures. The cost-cutting comes as the soda giant has found its legacy brands pressuring by a consumer trend toward foods and drinks …
by Umar Farooq The Brexit vote, unaffordable valuations, and tax increases on investors are all taking its toll on the London’s housing market. All these factors cumulatively have shunned demand and has caused the biggest annual decline in eight …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter In a few days, automakers are going to report their new vehicle deliveries for March. TrueCar, Kelley Blue Book, and LMC Automotive are predicting total vehicle sales slightly above the flat-line compared to March a year …
A news video about a US Navy bribery scandal where classified information was sold. Eight US Navy officials have been charged in the ‘Fat Leonard’ bribery case which has plagued the military branch for years. They are accused of accepting …
by Martin Armstrong When we look at the markets and try to ascertain the long-term direction, we must look at politics closely, for this holds the key. First, this is a Private Wave and that means the confidence in government …
By Michael Snyder The United States and China are the two largest economies in the world by far, and the upcoming trade war that is about to erupt will be cataclysmic for both sides. The Trump administration and the Chinese …
By Michael Snyder On Wednesday, the temporary suspension of the debt ceiling ended, and so now the federal government is not going to be able to go into any more debt until the debt ceiling is raised. For the moment, …
The similarities are mind-boggling. On the eve of an election the Globalist candidate is being investigated for corruption. http://www.bbc.com/news/world-europe-39265906 Trump won because Clinton corruption exposed. Same will happen for le Pen. Sweet watching Globalism die. Once the favourite to …
by Umar Farooq We are quickly approaching to the Fed’s first double-rate-hike-in-3-months since 2006. Investors are focusing on the two-day Federal Open Market Committee meeting that will kick off today. The Fed will release a statement, along with new economic …
by Don Quijones via WolfStreet.com, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same …
by Oliver Donaldson In my last article I wrote at length about the near-term challenges that are threatening the recent bullish run of the so called “Trump Rally”. These economic factors will probably lead to a correction any time now …