Spreading the truth. Empowering the people.
via Zerohedge: China’s economic slowdown and heavy debt load is affecting everybody in the country – even it’s “jewelry queen”, Zhou Xiaoguang, according to the Wall Street Journal. Zhou, who went from selling … Read more
by WARREN MOSLER Weak and weaker than expected: Highlights The second quarter gets off to a stumbling start pulled down by a 0.2 percent headline decline in an April retail sales … Read more
by howmuch Cash is king in real estate, but the reality is that most home buyers will need to take out a mortgage in order to afford a house. Many … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Dollar hegemony is a tough nut to crack. China is taking another baby step in promoting the internationalization of the renminbi and nibble on the hegemony … Read more
Donald J. Trump Verified account @realDonaldTrump Wow! FBI made 11 payments to Fake Dossier’s discredited author, Trump hater Christopher Steele. @OANN @JudicialWatch The Witch Hunt has been a total fraud … Read more
via themarket: My estimate is that over $360 billion in non-withheld income taxes will be paid to the US Treasury this April; approximately $86 billion or one third more than the … Read more
By Robert Ross Transportation is a big issue in most of the US. It’s so big that for the majority of Americans having a car is a matter of survival. … Read more
Paypal CEO: Shouldn’t expect Venmo to be profitable in next one, two quarters from CNBC. www.cnbc.com/2019/02/19/digital-payments-could-grow-into-a-100-trillion-market-paypal-ceo.html We live in the space of digital commerce and digital commerce is exploding still … Read more
After months of planning, Stockton is sending debit cards loaded with $500 to a select group of residents starting Friday as part of a closely watched experiment in universal basic income, … Read more
via seattletimes: A record 7 million Americans are 90 days or more behind on their auto loan payments, the Federal Reserve Bank of New York reported Tuesday, even more than during … Read more
by Daisy Luther We weren’t expecting to see a loss of food stamp benefits until the end of January, but a grocery store in Indiana reported they are unable to … Read more
via CBS NEWS: The Fed’s interest rate hikes are doing more than hitting consumers in the credit cards. They’re also making it much more expensive for the U.S. to carry its … Read more
But will the big banks play along? By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. On Friday the ECB launched, with minimal fanfare, a brand new system aimed at enabling … Read more
Newly filed court documents confirm that Fusion GPS, the company mostly responsible for the controversial “Trump dossier” on presidential candidate Donald Trump, made payments to three journalists between June 2016 … Read more
by WARREN MOSLER Trade deficit still increasing: Highlights The goods portion of October’s trade deficit is deeper than expected, at $77.2 billion vs expectations for $76.9 billion and compared with … Read more
by Thinker What is the message the POTUS is sending out to those who choose to sit in positions of leadership, power, and control??? You “WILL” be held accountable for … Read more