via commondreams: After being kept in the dark about New York’s $3 billion deal with Amazon, allowing the trillion-dollar corporation to build its new headquarters—complete with helicopter landing pad for CEO Jeff Bezos—in the Queens neighborhood of Long Island City, concerned New York …
by Michael Snyder The rapidly exploding U.S. national debt is about to cross another critical threshold. According to the U.S. Treasury, the debt of the federal government is currently sitting at $21,854,296,172,540.94, and at our current pace we will likely hit the …
by Natura Naturans The TRILLIONS already spent on the global warming fraud will soon spark demonstrations everywhere and outright revolution as in France. As the world cools(down now half a degree wiping out any global warming of the past 200 years) …
by John Rubino The apocalyptic fires that hit California last month have left observers scratching their heads and wondering how destruction on that scale could be possible – and how much it will cost in the future if the causes aren’t addressed …
via Sarah Ponczek How bad has the start to December been for U.S. stock investors? Almost $1 trillion has been wiped from the value of stocks in just four days of trading. The Russell 3000 has plunged 4.9 percent this week …
By Bill Bonner BALTIMORE, MARYLAND – Yesterday, the markets took the day off to say farewell to a former president. Today, they are back at work. They were set to bounce this morning, following Tuesday’s big sell-off. But who knows? …
Canadian Housing Slow Down Worse Than Late 80’s Early 90’s Time has come for the real estate boards to have no choice but admit that prices are falling fast and far. Evidence is becoming overwhelming. Denial not an option anymore …
John Adams of Adams Economics interviews Harry Dent Economist John Adams and I discuss our conversations with Author Harry Dent during his recent Australian tour. Specifically, we pose the question, will the central banks simply try to print their way out of a crisis …
A $9 trillion corporate debt bomb is ‘bubbling’ in the US economy Companies are carrying a $9 trillion debt load, posing a potential threat should rates continue to rise and the economy weaken. Most Wall Street bond experts think the …
The holiday shopping season is around the corner and retailers are hoping for big time revenue. And retailers may just get their holiday wish. According to an eMarketer study, the projected retail sales this holiday season may be an excess …
The U.S. budget deficit will surpass $1 trillion by 2020, two years sooner than previously estimated, as tax cuts and spending increases signed by President Donald Trump do little to boost long-term economic growth, according to the Congressional Budget Office. …
by John Rubino Yesterday an entire California town burned down. Paridise, CA has (had) 27,000 residents and over 1,000 buildings, and now it’s pretty much gone. A fire started nearby on a windy day and within hours everything was ash and cinders. …
by AIsuicide Another great interview by Catherine Austin Fitts, one of the most knowledgeable people in the country regarding “our” missing 21 trillion dollars. Don’t forget…don’t stop asking where it went…and remember to watch for the coming report from the …
Total retail sales in the U.S will hit $1.002 trillion during the Christmas holiday period, marking the “strongest growth since 2011,” according to eMarketer. In-store sales are forecast to rise 4.4 percent year-on-year, while e-commerce sales are predicted to grow …
GAO audit results https://www.sanders.senate.gov/imo/media/doc/GAO%20Fed%20Investigation.pdf The media’s inscrutable brush-off of the Government Accounting Office’s recently released audit of the Federal Reserve has raised many questions about the Fed’s goings-on since the financial crisis began in 2008. The audit of the Fed’s …
via howmuch.net Ernest Hemingway once supposedly wrote, “How did you go bankrupt? Two ways. Gradually, then suddenly.” Hemingway’s observation looks increasingly spot on when it comes to the U.S. national debt, which now stands at well over $21 trillion. A trillion dollars …
by William Stickevers Global capital markets are now down five weeks in a row, losing just under $9 trillion – the biggest, fastest drop since Lehman (around $8.2 trillion from global equity markets). Global Systemically Important Banks had their worst …
“there are a lot of firms that will go bankrupt” in the coming down-cycle. Yellen and Powell are on the same page. This bubble in leveraged loans ($1.3 trillion!) is destined to end badly…"there are a lot of firms that …
The actual level of off-balance-sheet Chinese local government debt could be several times more than what is publicly disclosed and range as high as 30 trillion yuan to 40 trillion yuan, or about $4.34 trillion to $5.78 trillion, S&P Global …
What happens when a new technology is so precise that it operates on a scale beyond our characterization capabilities? For example, the lasers used at INRS produce ultrashort pulses in the femtosecond range (10-15 s), which is far too short to …
Michigan State Economics Professor Mark Dr. Skidmore says there is a limit to money printing even when all the global central banks are doing it. Skidmore says, “What does it mean when a central bank is buying equities, or buying …
by TraderStef of CrushTheStreet (connect with TraderStef via Twitter or at TraderStef’s website) Are you tired of the boring 1988 Economist magazine cover art depicting a new world currency in 2018? Me too, so I gave it a slight overhaul with a golden (pun intended) halo of the sun …
The Daily History of the Debt Results Historical returns from 09/24/2018 through 09/28/2018 The data for the total public debt outstanding is published each business day. If there is no debt value for the date(s) you requested, the value for …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter But wait — these are the Boom Times! The US gross national debt jumped by $84 billion on September 28, the last business day of fiscal year 2018, the Treasury Department reported Monday afternoon. During the …
The U.S. Federal Reserve’s portfolio of Treasury and mortgage-backed securities has dropped below $4 trillion for the first time in more than four years, according to Fed data. The portfolio was assembled through three rounds of purchases starting during the …
The US has significant military influence in many countries and it uses a lot of money in order to continue the fightings so I thought about sharing this. The US war on terror has cost at least $5 trillion and …
Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter China, Japan, other foreign investors, the Fed, US government funds? Nope. Foreign private-sector investors and “foreign official” investors – central banks, governments, etc. – whittled down their holdings of US Treasury Securities by $21 billion at …
by Michael Snyder Temporary prosperity that is created by exploding levels of debt is not actually prosperity at all. At this moment, the U.S. government is 21.4 trillion dollars in debt, and we have been adding an average of more than …
From Birch Gold Group A commonly used cliché in investing is “Don’t put all of your eggs in one basket.” If most (or worse, all) of your retirement “eggs” are relying on a pension plan, now would be the time to …
from Zero Hedge Two days ago we previewed the the US budget deficit for the first 11 months of fiscal 2018, which according to CBO data, hit $895 billion, up $222 billion or 39% from the same period last year. Additionally, we noted that …