Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “The authorities should prepare contingency plans.” The big four banks are too exposed to mortgages. Even if the banks don’t topple, the economy will get hit hard. In its latest report on Australia, the OECD focuses …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter The Federal Reserve shed $54 billion in assets over the five weekly balance sheet periods that encompass the calendar month of November. This reduced the assets on its balance sheet to $4,086 billion, the lowest since …
by jessefelder The stock market today is celebrating the rapid reversal in the Fed’s hawkish attitude under the tenure of Jay Powell. Oct. 3/2.18 Fed Funds Rate: 'We may go past neutral. But we’re a long way from neutral at this …
https://www.youtube.com/watch?v=tNavHgQshn4 RWN Official reports, California Governor Jerry Brown might just land in hot water over the recent spate of wildfires as his veto of the 2016 Wildfire Mitigation bill comes under increased scrutiny, per the Washington Free Beacon: Read More/Source/Credit/FairUse: …
Check out this shit right here… https://twitter.com/findtruthQ/status/1056418406528966657 And then there’s this… https://jacksonville.craigslist.org/lab/d/role-playerrs-needed-for/6731564406.html First it was the CARAVAN of migrants INVADERS. Then the MAGA-Bomber… FAKE AS FUCK BTW! Then the Synagogue Mass Shooting. Will the next FALSE FLAG be NUCLEAR? It’s a long way …
China’s burst of local bond issuance is supposed to fund roads, affordable homes and other infrastructure developments that will help support its flagging economy. But there don’t seem to be enough projects around to spend the money on. Provincial authorities …
Authored by Tuomas Malinen via GnSEconomics.com, Market liquidity is crucial for well-functioning capital markets. There has been a quite lot of talk about diminished market liquidity and the role of machines in it (see, e.g. Q-review 4/2017, this and this). These are worrying developments. …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “THE WOLF STREET REPORT” is my new podcast. It’ll appear weekly right here on WOLF STREET. It’s where I discuss a topic in depth for 10-20 minutes. In this inaugural edition, I ask: As higher interest …
Larry Summers: This might be the most short-sighted set of economic policies since World War II from CNBC.
Aspirin has been prescribed for years to prevent heart attacks. Heart attacks are caused by blood clots that block arteries narrowed by plaque build up. Meanwhile Aspirin reduces your blood’s ability to clot. Theoretically, scientists thought that this should reduce …
by COMPUTER1313 April 25, 2018: https://www.bloomberg.com/news/articles/2018-04-25/a-3-trillion-credit-market-has-corporate-bond-investors-on-edge The high-grade bond market in the U.S. already has the lowest credit quality mix since the 1980s, according to CreditSights, and there are signs investors are getting nervous. A Bloomberg Barclays gauge of average corporate …
There’s something mysterious coming up from the frozen ground in Antarctica, and it could break physics as we know it. Physicists don’t know what it is exactly. But they do know it’s some sort of cosmic ray — a high-energy …
Central bankers are making the case now that the American people have equity in their homes that they should take out another loan on their home. Mnuchin is selling this home, which means the real-estate market has reached the top …
via Shawn Langlois Is this bull market finally running on fumes? Nobody really knows, of course, but, up to this point, no amount of hand-wringing over politics, valuations, Fed tightening, etc., has managed to kill what many, including the president, believe …
by Christopher Casey of The Mises Institute Fans of HBO’s hit series, Game of Thrones, know well the motto of House Stark: “Winter is Coming.” This motto warns of impending doom, whether brought on by the Starks themselves, devastating multi-year, cold weather, …
From Kitco: Famed investor Jim Rogers, chairman of Rogers Holdings, told Kitco News that while he is not yet buying gold at current levels, a rebound in the yellow metal could cause it to overheat. “Before this is over, gold could …
https://www.youtube.com/watch?v=4i3sKb9rsOE The Great American Daily reports, Attorney General Jeff Sessions has faced intense criticism for his conduct in office. President Trump and his supporters contend that Sessions has failed to root out Deep State agents embedded in the FBI and …
Wednesday, on “MSNBC Live with Katy Tur,” actor and director Rob Reiner made the argument that Fox News and Breitbart News Network are “trafficking in another narrative” that is different from outlets such as the Washington Post and the New …
Fox Business, Released on 7/19/18 Brandywine Global Portfolio Manager Jack McIntyre, former Dallas Fed adviser Danielle DiMartino Booth and former Paul Ryan Chief of Staff David Hoppe discuss concerns regarding how tariffs could affect the economy with midterm elections coming …
This should be Nationwide! A Nebraska town is considering blocking undocumented immigrants from obtaining jobs or renting houses ahead of a new Costco plant opening in the area. The Scribner City Council has already approved an ordinance that …
by stockboardasset It has been almost 70 years since George Orwell’s dystopian novel Nineteen Eighty-Four was published, but now, some of his forward-looking warnings are starting to be realized in 2018. Take this stunning letter from Senators Edward Markey, D-Mass., and Richard Blumenthal, …
Hardliners in Chancellor Angela Merkel’s conservative bloc on Monday gave her a two-week ultimatum to tighten asylum rules or risk pitching Germany into a political crisis that would also rattle Europe. Interior Minister Horst Seehofer’s CSU party at a meeting …
China’s message for couples after decades of limiting families to just one child? Please have more children! Why the turnabout? China’s aging. By 2040, projections show that 24 percent of the population will be aged 65 or older, a slightly …
This latest Big Brother tactic would make Eric Blair cringe, as drones are now being considered to monitor legitimate and lawful protests. via propublica.org: ProPublica Illinois reporter Mick Dumke looks at the state’s political issues and personalities in this occasional column. …
by Brian Maher of Daily Reckoning Bad news frightens us — but good news terrifies us. The May jobs report came out Friday. It revealed the unemployment rate has sunk to a booming 3.8%. For only the second occasion since 1969… …
June’s OPEC meeting might be one of the worst since 2011, says expert from CNBC. The forthcoming meeting between OPEC and non-OPEC oil producers like Russia could be one of the most fractious in recent years with competing interests and …
BY JOHN MAULDIN I recently released a series of articles about the looming crisis I call “the Train Wreck”, which received a lot of attention and comments. Some of my readers view this crisis as being a repeat of the 2008 fiasco. That’s …
via sputniknews: Facial recognition software that spots when someone is lying has arrived and it could soon be utilized to detect terrorists and other non-do-gooders trying to get past security measures at airports, say researchers. Computer scientists at New York’s University …
via John Mauldin I recently wrote about a looming credit crisis that’s stemming from high-yield junk bonds. The crisis itself will have massive consequences for investors. But that’s not the worst part. The crisis will create a domino effect and trigger …
From Kitco News: The next big discovery of precious metals is likely to come out of Latin America, said Brent Cook of Exploration Insights. On the next big discovery, Cook said that “it will come.” Continue reading at Kitco News…