Wall St. For Main St., Released on 4/27/19 Jason talks about the the Tweet this week from Bloomberg fixed income reporter Lisa Abramowicz https://twitter.com/LisaAbramowicz1 and how this proves that the mainstream financial media will repeat (verbatim) whatever narrative the Fed wants them …
Background: Deutsche Bank is the largest bank in Germany. It has been caught up in scandal after scandal…and it has (apparently) made some REALLY bad loans…. Last year we were told that the collapse of Deutsche was nowhere near…and that …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter US trade mixed, Eurozone stagnating, Japan on downtrend. But Latin America picks up some of the slack. World trade volume, which had been growing at a strong pace last year, peaking at 5.6% year-over-year growth in …
https://www.youtube.com/watch?v=jQGkRHV_Lew A financial disaster is underway. How are you seeing it locally?
By David Stockman This kind of volatility especially at the shortest maturity suggests limited and temporary capacity for spare liquidity. It is the result of a titanic struggle to maintain control. The PBOC has had better success at term, but …
https://www.thepennyhoarder.com/smart-money/financial-literacy/ We aren’t talking about money growing up and it’s a systemic problem. When I was in college and financially independent, I racked up literally all of my student loans the first two years because I thought I was supposed …
by Charles Hugh-Smith The forced flight from unaffordable and dysfunctional urban regions is as yet a trickle, but watch what happens when a recession causes widespread layoffs in high-wage sectors. For hundreds of years, rural poverty has driven people to …
Chris Powell, Treasurer and Secretary of the Gold Anti-Trust Action Committee (GATA), has been trying to get the U.S. government to come clean about massive market manipulations. GATA says they have hit a stone wall of silence. Powell concludes, “Presumably, …
by Charles Hugh-Smith Extreme levels of debt and overvaluation characterize the entire global economy, and are not limited to any one nation or sector. Financial crises come in two flavors: fraud and credit-valuation over-reach.Fraud-based financial crises may differ in particulars, …
by Charles Hugh-Smith There are no extreme “fixes” to secular declines in sales, profits, employment, tax revenues and asset prices. The saying “never let a crisis go to waste” embodies several truths worth pondering as the stock market nears new …
BY JOHN RUBINO Jim Rogers: “The coming financial crisis will be the worst in our lifetime” … James Rickards: Prepare now for the aftermath … Martin Armstrong on “the coming economic reset” … RT: Recession looms as subprime borrowers default …
Wells Fargo just reported the worst mortgage number since 2008, there mortgage origination business has been declining for many years. IMF chief says the debt level for many countries is way to high. Trump nominees deserve a fair hearing, but …
If the Federal Reserve has been around for over 100 years, they have intervened in every crisis, manipulated and distorted, why is this time somehow different and they will prevent a crash? We are currently witnessing what will most likely …
by allthedifference Make your job your number one priority. Be at work on time, work hard, contribute, don’t cause problems, keep your employer informed if you do have to miss work (try not to). Read the employee handbook and follow …
WoW 😮China basically threw about 9% of GDP of total social financing at the economy in Q1 2019 😮 TSF rose 1690 in March after a massive Jan+Feb = ~9% of GDP injection in Q21 2019;M2 rose to 8.6% YoY …
via theguardian: entral banks are running the risk of a severe financial crisis through policies aimed at boosting short-term economic growth, the International Monetary Fund has warned. In its half-yearly global financial stability report, the IMF said the removal of the …
by John W. Whitehead If you drive a car, I’ll tax the street, If you try to sit, I’ll tax your seat. If you get too cold I’ll tax the heat, If you take a walk, I’ll tax your feet. Don’t …
Financial Writer John Rubino says, “It is possible that a garden variety one year recession would blow-up the financial markets. That’s the stuff that they are hearing (in the White House) that is terrifying. . . . There are probably …
by Dr. Eowyn A survey of 1,000 U.S. teens ages 13-18 released this week by youth organization Junior Achievement USA and Citizens Bank found that: About 1 in 3 teens don’t believe they’ll be financially independent from their parents by age 30. 44% …
by confoundedinterest17 Fed Chair Jerome Powell is singing “Take it easy.’ The Federal Reserve risks stoking the same sort of asset bubbles that Chairman Jerome Powell has linked to the last two recessions with its new-found eagerness to fan inflation. The Fed’s …
by Simon Black My grandfather was just a toddler when soldiers came home from World War One in 1918. They brought the deadly Spanish Flu with them, which killed well over 50 million worldwide. As a young adult, my grandfather struggled …
The EU is trying to get another referendum, they are trying to get the people to say they do not want the BREXIT. The [CB] have the ability to manipulate the economy, the magic wand works with stats, stock market …
by CautiousInvestor I spent my entire adult life honing the set of skills and knowledge that I use in my career. After a decade of work, my field fascinates me no less, and often far more, than back when …
BY JOHN RUBINO Jim Rickards: In the next financial panic, “gold will be going up $100 a day, $1,000 a week” … Noam Chomsky on the Russiagate “farce” … Glenn Greenwald is vindicated by Mueller Report … Rick Rule: In …
by Martin Armstrong The British Parliament has rejected Prime Minister May’s BREXIT plan for a third time. This now leaves them to come up with a plan that Brussels must accept by April 12th or face a hard exit. On …
by Martin Armstrong COMMENT: Martin, Have read the two blogs on the Emerging Markets. Hit like a cold bucket of ice water. Knew something was coming from all your writings and the EMC, but Wow. Right in front of us. Here …
by Martin Armstrong The distortion in the yield curve is building with tremendous force. There are vast bids for US 90-day T-Bills from around the world and no offers. The shortage in US government paper is now being reported to …
by ShortenedLife I’m currently 24, graduated with a BFA about 2 years ago and now I am currently in a toxic salary paying job and feel seriously stuck and moderately depressed about my life. By stuck, I mean I …
by ChillOhmie I got a new job in June and signed up for the all the benefits. They offer a dependent care FSA. I decided to put in an amount equal to my monthly childcare expenses of $450 a …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter WeWork isn’t a publicly traded company yet and doesn’t have to disclose financial information to the public, but it issued bonds in April 2018 and has to show its hapless bondholders some figures about its financial …