Spreading the truth. Empowering the people.
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
by Michael Snyder America, you officially have a debt problem, and I am not just talking about the national debt. Consumer bankruptcies are surging, corporate debt has doubled since the last … Read more
The second-half borrowing estimate of US$769 billion is the highest since US$1.1 trillion in July-December 2008 via scmp The Treasury Department predicted the US government’s borrowing needs in the second … Read more
by Jon Hall, Free Market Shooter Homicide and crime rates – including sexual assaults, and knife and gun attacks – continue to rise in the United Kingdom, with 90% of recorded offenses not … Read more
Companies are investing as much as they need. Capex is not risng as much as central planners expect, that is all. Not because corporations are evil or stupid or lazy, … Read more
by Michael Snyder Americans are on an absolutely spectacular debt binge. Does this mean that the economy is getting better, or does this mean that U.S. consumers are totally tapped … Read more
by stockboardasset Out of control violence in Mexico has sparked a record increase in the country’s armored-car business, Reuters reports. Mexico recorded more than 25,000 murders by EOY 2017, the highest number “since … Read more
As Bloomberg reports, the panel had its prickly moments. After Putin suggested that Europe depended on the U.S. for its security, and told Macron there was “no need to worry” … Read more
By Harry Dent Two big news items in the last 24 hours have grabbed my attention. The first is Congress’s approving a bill to roll back the Dodd-Frank Act. If … Read more