Spreading the truth. Empowering the people.
By MC01, a frequent commenter on WOLF STREET: In February 2019, Hyundai Heavy Industries (HHI) was selected by the Korea Development Bank (KDB) as the “sole bidder” for the ailing Daewoo Shipbuilding and … Read more
Iran shot down an American surveillance drone. Iran says it was in its airspace. The U.S. says it was over the Strait of Hormuz in international airspace. Is America going … Read more
via fuw.ch: Danielle DiMartino Booth is a vocal critic of the Federal Reserve. The former analyst at the Federal Reserve Bank of Dallas condemns the devotion of the unelected academics to … Read more
via MarketWatch: U.S. consumer debt hit $14 trillion in the first quarter of 2019 Consumer debt is growing to worrisome levels. Ben Mohr, senior research analyst of fixed income … Read more
via cassandracapital: The rise of Quantitative Easing (QE) and other so-called Unconventional Monetary Policies has been one of the most important changes to the world in the last decade. Trust me … Read more
via Yahoo: The results of Bank of America Merrill Lynch’s latest fund manager survey (FMS) are “the most bearish” since the financial crisis. During the month of June, the average … Read more
The US Migrant Crisis Is Going Critical, Local Towns Being Devastated. A Democratic mayor of the town of Del Rio is outraged as he says calls to federal lawmakers fall … Read more
by John Ward Quite a lot of data have come to light in recent days to show that – as ever – the political, bureaucratic and financial classes are less than … Read more
A problem cannot be solved until the source of the problem is identified. The West Coast of the US has more tan 100,000 homeless and the majority are there because … Read more
BY JOHN RUBINO Just a couple of weeks ago the financial world’s biggest worry was the plunging price of oil. Supply was up, stockpiles were building and speculation was pointing towards … Read more
by Jim Willie CB A Perfect Storm is hitting the Gold market, with an internal factor (return to Quantitative Easing on steroids), an external factor (Shanghai Gold Exchange taking market … Read more
by Martin Armstrong QUESTION: Dear Martin I have a question for the blog. There has been forecasts for a sovereign debt crisis but recently you have discussed how various governments may … Read more
Financial Survival Network, Released on 6/11/19 Hard to believe but at least 25% of China’s bank debt is worthless. And worse still, if there’s a systemic crash, it could go … Read more
by Jose Nino via Mises Wire While it is fashionable to talk about Venezuela and its notorious shortage of basic goods such as toilet paper, flour, and milk Cuba is now implementing a rationing program to combat … Read more
In your opinion, do you think that CLO’s and corporate debt present a potential issue in the future? There are an unlimited amount of risks in the financial system … Read more
via Zerohedge: Amid the celebrations that the impromptu US trade war with Mexico may be canceled, or at least postponed, one may be excused to forget that relations between Washington … Read more