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Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter Ginormous numbers, FX swaps and spot trades, USD, EUR, JPY, GBP, Australian & Canadian dollars… but where the heck is China’s CNY? It happens every three … Read more
From The Wall Street Journal: Borrowing by the federal government is set to top $1 trillion for the second year in a row as higher spending outpaces revenue growth and concern … Read more
via Zerohedge: Ever since the unexpected failure of China’s Baoshang Bank in late May, which caused a freeze in the interbank market among smaller, less credible (and government bankstopped) banks, and which sent … Read more
Since President Trump escalated the trade war last month by slapping a 25% tariff on $200 billion worth of Chinese goods, and is on the verge of taxing the remainder, … Read more
Federal Spending Tops $3 Trillion Through May for First Time; Deficit Hits $738 Billion (CNSNews.com) – For the first time in the history of the United States, the federal government … Read more
Authored by Mike Shedlock via MishTalk, Nigel Farage’s newly formed Brexit Party is in first place in European Parliament polls, pulling well ahead of Labour. The Brexit Party Continues to Surge in the … Read more
Reagan’s approval rating was 52% when he won 1984 in the second biggest landslide ever AC
That is just INSANE! Highest One Bedroom Median Rent Prices (Bay Area Locations in bold): San Francisco ($3,690 / month) Mountain View ($3,450) Emeryville ($3,050) New York … Read more
via yahoo: Washington (AFP) – More massive than the US economy, the national debt hit a new record of $22 trillion under President Donald Trump but Republicans who traditionally rail … Read more
From Birch Gold Group There are lessons from the 2008-09 recession that the banking industry should have taken note of to prevent egregious lending errors from happening again. But it looks … Read more
Canada is in the most debt ever in history. There has never been a time in which Canadians have accumulated this much mortgage, credit card, auto loans, personal line of … Read more
via thehill: The country’s budget deficit in the first two months of fiscal 2019, which began Oct. 1, was 50 percent higher than in the same period the previous year, according … Read more
by Martin Armstrong QUESTION: Do you concur with the IMF WARNING? RKC ANSWER: The IMF said: “No financial regulatory framework can or should aim to reduce the probability of crisis to zero, so … Read more
by DCG Can you imagine how many private contractors would go out of business if they couldn’t estimate construction costs properly and had overruns of over 50 percent on originally … Read more
US Spending On Interest Hits All Time High As Budget Deficit Soars To $684 Billion The US’ spending problem is starting to become a major issue. According to the latest Monthly … Read more
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter “It’s a bizarre occurrence and it will not be resolved soon.” Orders for Class 8 trucks in July jumped 187% from a year ago to 52,250 … Read more