Spreading the truth. Empowering the people.
via kitco: “Bankruptcy happens gradually, then suddenly,” Ernest Hemingway All signs point in the same direction. We are heading toward another financial crisis and, this time, it will likely be much … Read more
by Dave Kranzler of Investment Research Dynamics “How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually and then suddenly.” – “The Sun Also Rises” – Hemingway Zillow Group stock plunged … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “People are concerned about all that capital chasing limited opportunities.” After a decade of “emergency” measures such as QE and zero-interest-rate policy designed to pump up … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter And some of the rot is oozing to the surface. The sell-off on Tuesday didn’t weigh on the scale of sell-offs: The Dow, the S&P 500, … Read more
1) Flawed assumption on money and debt that led to 2008 2) Bad economics, neoclassical economics, that the whole project runs on and was used to design the Euro. I … Read more