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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Where is the Fed’s “U-Turn” that Wall Street promised us? In June, the Fed shed Treasury securities at the slower pace announced in its new plan for … Read more
via Zerohedge: FedEx has elected not to renew one of its contracts with Amazon for their Express overnight and two-day service. “FedEx has made the strategic decision to not renew … Read more
from Zero Hedge Overall, U.S. total cross-border investment was an $8.1 billion outflow in March, consisting of: Foreign net selling of Treasuries at $12.5b Foreign net selling of equities at $23.6b Foreign net … Read more
Interstates have reopened in North Dakota and South Dakota after a winter storm dumped more than a foot of snow in parts of the Upper Midwest. North Dakota transportation officials … Read more
by Jesse “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch … Read more
This is the last thing investors worried about slowing growth in China wanted to see Stocks took another leg lower Tuesday afternoon after the Financial Times reported that the US … Read more
via Bloomberg: “Russia is making a strategic shift in its reserves towards holding fewer dollars and more assets in other currencies,” said Benn Steil, director of international economics at the … Read more
Wide swaths of the Carolinas and parts of Georgia woke up to power outages Sunday morning as Winter Storm Diego continued to dump snow and ice across the Southeast. Learn … Read more
by Chris Black Motto: I’m ready but the waiting is taking a toll. They promised me nuclear war when I was a kid, they promised me robots too and … Read more
Treasury Secretary Steven Mnuchin says he isn’t worried about China selling U.S. Treasurys in retaliation over trade. “If they decide they don’t want to hold them, there are other buyers,” … Read more
by Dr. Eowyn It is bad enough that taxpayers continue to be forced to “subsidize” Planned Parenthood — the largest abortion business in America, killing 320,000 unborn babies every year, … Read more
by Geoffrey Grider Facebook is in real, serious trouble, and it just set the record for the biggest one day stock loss in American history. And it couldn’t have happened … Read more
via thefreethoughtproject: Moscow, Russia – The Russian government has drastically reduced their holdings of United States Treasury bonds, with Russian ownership of U.S. bonds declining from $96.1 billion in March to $48.7 billion in April—and then further … Read more
via RT’s business The persistently soaring US debt is now well over $21 trillion. While most media focus on foreign holders of US Treasuries, they make up less than 30 percent … Read more
It ain’t easy being a conservative these days. New reports are popping up every week about conservatives being denied service at restaurants and now even from a ride-sharing company solely … Read more
via silverdoctors: Call it “Shadow De-dollarization” or “Backdoor De-dollarization”, but no matter what you call it, this scheme is pure genius. Here’s the details… Selling their massive hoard of U.S. treasuries … Read more