via visualcapitalist: The global financial system has created massive wealth, but its centralized nature means the spoils have gone to the people who are best connected to the financial centers of the world. As global inequality continues to rise, how can wealth building …
via marketwatch: It’s been a banner year for stocks already. In fact, if we could just shut this whole thing down for the next 10 months, we’d be looking at double-digits returns on the S&P 500 SPX, -0.11% for 2019. No complaints with that …
El-Erian: The Economic Slowdown in Europe Is Actually Even Worse Than You Think “The European Central Bank has only limited tools at its disposal to respond to economic weakness while European governments are not prepared to respond with spending.” Australia …
The creation of the derivative has been wrong from the beginning. There’s no good reason for this to exist. Only that which is real should be allowed to be gambled on. Derivatives based on low-rated, high-risk debt? And they expect …
Apparently nobody learned any lessons from 2008. Derivative products are dangerous. Investors have are purchasing less of the same types of derivatives that caused the Financial Crisis. But do not be deceived. They’re still putting massive amounts of money into …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Anytime an economic slowdown and a housing downturn appear in the scenery, there are questions about the next global financial crisis. That’s a bitter aftertaste from the last global financial crisis. But China is somewhat special …
by chartr Made this in response to the generally positive feedback on the Apple one I did previously. Thought Nike was an interesting company to visualise. Hilariously, in their SEC filing they spent $900m on what they called “Demand …
by Tom Chatham via Project Chesapeake Blog We have often heard the predictions that the currency system will be reset at some point when the bankers can no longer keep the current ponzi scheme going. The current scheme involves the ability …
Arcadia Economics, Released on 2/28/19 Over the past year there have been a series of events that have left many potential #Tesla ($TSLA) investors feeling uncertain. And now with the #SEC asking the Manhattan Federal Court to hold CEO Elon …
by Mac Slavo of SHTFplan Global markets are now facing a $12 trillion dollar reckoning. The problem is staring the financial apocalypse right in the face and has the potential to accelerate the coming stock market crash. A recent report from the Congressional Budget …
While contagion is definitely contained, the Eurozone “is not sufficiently armed to face a new economic or financial crisis.” French banks are heavily exposed to Italy. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. “Don’t underestimate the impact of …
by Daisy Luther Have you ever had a sudden financial emergency? Maybe you lost your job. Maybe your car broke down and requires an expensive repair. Maybe one of the family has had a medical emergency with large, out-of-pocket expenses. …
by Gary Christenson Miles Franklin sponsored this article by Gary Christenson, the Deviant Investor. The opinions are his. Bond Market Turned Down & Interest Rates Up – Check! Two-Year yield bottomed September 2011 Five-Year yield bottomed July 2012 Ten-Year yield bottomed July 2016 …
By David Stockman https://twitter.com/macrodidact/status/1098172413337051137 “Surveys show increased credit card debt and lower savings in 2019” @Bankrate @SoberLook H/T @LizAnnSonders @DiMartinoBooth pic.twitter.com/vYHUAhH4ep — The Long Game (@7LongGame) February 18, 2019 Deficit will be worse & debt will be higher than what …
by GoldCore – Jim Willie interviews Mark O’Byrne of GoldCore about the slowly erupting Global Financial Crisis II and the importance of being financially prepared but also “psychologically prepared” – “Not a single thing has been fixed” and vitally important …
https://twitter.com/M_PaulMcNamara/status/1097845860325646337 Yep – here's one caught my eye this morning as I was going through the usual updates… spurious, or about to get furious? pic.twitter.com/QbCZyHwByW — Callum Thomas (@Callum_Thomas) February 18, 2019 China satellite manufacturing index YoY change now as …
by Larry White of The View From Our Whitehouse This may well be one of the most important articles we have run on this blog in some time. In this article we feature an article written by Mike Silva. Mr. Silva served as the …
Michael Avenatti agreed Wednesday to relinquish financial control of his longtime law firm hours after a former partner filed papers accusing him of hiding millions of dollars from the court that oversaw its bankruptcy. The celebrity lawyer and his firm, …
BY SRSROCCO The United States largest oil company, ExxonMobil, is facing a financial train-wreck in its domestic oil and gas sector. And, the majority of the blame can be attributed to Exxon’s move into shale. After Exxon acquired XTO Energy …
by Dave Kranzler of Investment Research Dynamics The retail sales report for December – delayed because of the Government shut-down – was released this morning. It showed the largest monthly drop since September 2009. Online sales plunged 3.9%, the steepest drop since November …
An inverted yield curve predicts recessions. h/t br_anonbinary
by Nomi Prins via Daily Reckoning In the land of the Federal Reserve and its market-manipulating mechanisms, there’s now an unofficial market term called the “Powell Put” or the “Powell Pivot.” It is in direct reference to Fed chairman Jerome Powell. Before he …
via visualcapitalist: Since the invention of banking, the global financial system has become increasingly centralized. In the modern system, central banks now control everything from interest rates to the issuance of currency, while government regulators, corporations, and intergovernmental organizations wield unparalleled …
It just doesn’t get any funnier than that! How do you feel about your communist liars now democrats?? 21 Wall Street billionaires 21 to 1 voted for Hillary Clinton over Donald Trump! 7 out of 10 of the top richest …
For all the palpitations that the trade war between the U.S. and China will knock out their economies, it is Europe that increasingly looks like the biggest threat to global growth. Industrial production across the 19-nation euro area is falling …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Liquidity issues at bond mutual funds could result in wider contagion and affect other parts of the financial system and the macro economy.” Bond investors go for different risks and returns. There is buy-low-sell-high, unless things …
by Charles Hugh-Smith The global economy is way past the point of maximum debt saturation, and so the next stop is debt exhaustion. Just as generals fight the last war, central banks always fight the last financial crisis. The Global Financial …
by GoldCore 7. Diversify, diversify, diversify – Truly balance your savings and investments 6. Avoid leverage and speculation and focus on saving and owning quality assets 5. Don’t make money the guiding principle for what you have or do 4. …
via silverdoctors: I think Zero Hedge has sold-out. No, I’m not butt-hurt for not being one of their featured authors. For those who don’t realize it by now, ‘Ol Half Dollar can’t stomach most people, and most people can’t stomach the truth. Since …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “Patient” has become the Fed’s favorite word in recent weeks as just about all Fed governors slipped it into their speeches. Today the word made its way into the FOMC statement for the first time. During …