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The short-term funding market has still not recovered from its seizure at the start of the week–at least not enough to be taken off central bank life support. The Federal … Read more
via wallstreetexaminer: I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather … Read more
by Michael Snyder All around us, our world is literally in a state of collapse, but most people don’t seem to care. I spend much of my time writing about … Read more
by Natura Naturans China and India demanded rich countries provide financial support for them to increase their climate plans, as leaders prepared to meet at a UN summit in New York. … Read more
The Fed has hit the panic button after the overnight repurchase (repo) rate for overnight borrowing spiked 4 fold. Officially $128 billion in emergency liquidity capital injections have been lent … Read more
The NY FED has had to inject upwards of $75 Billion into the REPO market in order to keep the system afloat. This also coincides with another Rate Cut! Find … Read more
(Bloomberg) — A pair of lawsuits targeting entities that JPMorgan Chase & Co. and Capital One Financial Corp. use to bundle credit-card loans into bonds could threaten the future of … Read more
by howmuch Have you ever wondered where your plastic comes from? You may assume it comes from previously recycled waste, but it turns out that less than 10% of the world’s plastic … Read more
by Steve St Angelo of SRSrocco Report Has U.S. shale oil production stalled? Well, it seems so. After experiencing significant growth in 2017 and 2018, U.S. shale production in the first five months … Read more
The architects of the American opioid crisis are now attempting to shield their assets to avoid being held accountable. From the NY AG: While the Sacklers continue to lowball victims … Read more
via MarketWatch: On a recent weeknight, Dahlia and Adam Brown came home to a spacious Colonial on a quiet cul-de-sac in Marietta, Georgia. The Browns both work demanding jobs and … Read more
Authored by Mark Glennon via WirePoints.org, The State of Illinois recently reported its biggest annual financial loss ever. Instead of clear reporting on that, we’ve seen perhaps the most glaring example … Read more
Submitted by Adventures in Capitalism Over the past few months, we’ve learned a lot about the psyche of the typical Ponzi Sector investor. You see, Ponzi sector investors will ignore most … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Californians have had it with PG&E, a convicted felon infamous for sacrificing safety, maintenance, reliability, and people to enhance “shareholder value.” But is San Francisco overpaying? … Read more
bit.ly/2jXjjOq On last night’s episode of The Ezra Levant Show, the President and CEO of the Canadian Institute of Steel Construction Ed Whalen joined me for an in-depth explanation of … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter QE Unwind continues via the sharp drop in MBS. In August, the Fed shed Mortgage Backed Securities (MBS) at a rate that exceeded its self-imposed “cap” … Read more