US Government Caught Massively Fabricating Student Loan Default Data
US Intel Vets Demand Obama Show Proof of Russian Hacking or Admit It Doesn't Exist
Will The Fed Start Reducing Its Balance Sheet? Here Is Goldman's Answer
Investors "Stunned" To Learn Hedge Funds Expense Bar Tabs, Private Jets, Trader Bonuses
Jewish Trust Sues Deutsche Bank For $3 Billion
Why Outsiders Need Insiders To Get Anything Done
Mnuchin Hearing Descends Into Early Chaos After Senator Offers "Valium" To Colleague
Did Fake News Help Trump? New Study Shows Ads More Important
Oil Tumbles After Unexpected Crude Inventory Build
Empty Shelves & Madness (In America): A Minor Winter Storm Drove People Into "Panic Buying Of Food And Basics"
The End Of The Obama World Order
US Economic Expectations Soar To 15 Year Highs... What Now?
Live Stream: Steven Mnuchin Testifies As Democrats Go On The Offensive
McCain's Hypocrisy Has No Bounds
I'll bet he can squeeze in killing a few more thousand innocent civilians...
Obama's Last Attack: US B-2 Bombers Strike ISIS Camps In Libya, Killing Dozens
Bradley's penis is mounted either on obamas wall or safely stored...well...you know where...
Chelsea Manning Thanks Obama "For Giving Me A Chance"
Overheard At Davos: "So Many People Feel That This Is One Of The Most Dangerous Times"
Philly Fed Soars As Prices Paid Spike To 5 Year Highs
EUR Plunges After Draghi Highlights "Downside Risks", Downplays Inflation
Housing Starts Beat On Jump In Rental Units, Single-Family Permits Rise To Highest Since 2007
by David Haggith, The Great Recession Blog:
Cirrus clouds wavered overhead like a circus big top billowing in a
summer breeze. Sunlight filtered through, making it a warm, hazy
afternoon for the kaleidoscopic disarray of people jumbled on the
fairgrounds. A large banner that read “The World’s Fair or Bust” rippled
above the ground and flapped in the breeze. Small groups of different
race and social pedigree gathered on a freshly harvested wheat field.
Large piles of threshed grain were mounded nearby.
The different groups of people shifted around each other and crowded together but never mixed. A small-but-important space separated skeletal figures, draped with rags, from plump women in flowing gowns, glazed with glamour, crawling with jewels. Denim men and women talked raucously of evenings, weekends, and retirement. Around them, pairs and trios of plastic-labeled, polyester business people chatted quietly of politics and stocks, while dignitaries in long wool robes and turbans pinned with ruby brooches passed out campaign buttons.
Read More
Cirrus clouds wavered overhead like a circus big top billowing in a
summer breeze. Sunlight filtered through, making it a warm, hazy
afternoon for the kaleidoscopic disarray of people jumbled on the
fairgrounds. A large banner that read “The World’s Fair or Bust” rippled
above the ground and flapped in the breeze. Small groups of different
race and social pedigree gathered on a freshly harvested wheat field.
Large piles of threshed grain were mounded nearby.The different groups of people shifted around each other and crowded together but never mixed. A small-but-important space separated skeletal figures, draped with rags, from plump women in flowing gowns, glazed with glamour, crawling with jewels. Denim men and women talked raucously of evenings, weekends, and retirement. Around them, pairs and trios of plastic-labeled, polyester business people chatted quietly of politics and stocks, while dignitaries in long wool robes and turbans pinned with ruby brooches passed out campaign buttons.
Read More
by Martin Armstrong, Armstrong Economics:
Kenneth Rogoff is a Professor of Public Policy and Economics at Harvard
University. Rogoff calls critics of negative interest rates “ignorant”
despite the fact that negative interest rates have been used since 2008
without any success. He had the audacity to say that people should not
look at their short-term personal losses, but rather look at the
long-term vision of the central banks. He is such an elitist. I cannot
find words appropriate to describe how this academic, who has zero
experience in the real world, is incapable of comprehending that his
Marxist style intervention is creating the next crisis.
Read More
Kenneth Rogoff is a Professor of Public Policy and Economics at Harvard
University. Rogoff calls critics of negative interest rates “ignorant”
despite the fact that negative interest rates have been used since 2008
without any success. He had the audacity to say that people should not
look at their short-term personal losses, but rather look at the
long-term vision of the central banks. He is such an elitist. I cannot
find words appropriate to describe how this academic, who has zero
experience in the real world, is incapable of comprehending that his
Marxist style intervention is creating the next crisis.Read More
by Dave Kranzler, Investment Research Dynamics:
In his latest commentary, James Kunstler observes that, “The public at
large is restive, eager to get on with the job of deconstructing the
matrix of racketeering that adds up to the immiserating culture we live
in, a society where health insurance company presidents make $40 million
a year while ordinary people lose their homes because a
$5,000-deductible health insurance policy doesn’t cover the cost of
treating a routine tonsillectomy” (LINK).
The “restive” public “at large” describes the rebirth of populism. Outside of Wall Street, there’s no bigger racketeering entity than the healthcare industry. Obamacare made it worse. The U.S. BY FAR has the most expensive healthcare in the world and yet, according to the World Health Organization, the U.S. ranks 37th globally in quality of healthcare. Number 1 in cost, number 37 in quality. That “slippage” is caused by racketeering. And make no mistake, Congress is well-paid by the industry to abide by the industry’s rules.
Read More
In his latest commentary, James Kunstler observes that, “The public at
large is restive, eager to get on with the job of deconstructing the
matrix of racketeering that adds up to the immiserating culture we live
in, a society where health insurance company presidents make $40 million
a year while ordinary people lose their homes because a
$5,000-deductible health insurance policy doesn’t cover the cost of
treating a routine tonsillectomy” (LINK).The “restive” public “at large” describes the rebirth of populism. Outside of Wall Street, there’s no bigger racketeering entity than the healthcare industry. Obamacare made it worse. The U.S. BY FAR has the most expensive healthcare in the world and yet, according to the World Health Organization, the U.S. ranks 37th globally in quality of healthcare. Number 1 in cost, number 37 in quality. That “slippage” is caused by racketeering. And make no mistake, Congress is well-paid by the industry to abide by the industry’s rules.
Read More
by Don Quijones, Wolf Street:
“What they sell is escape: from laws, rules, and taxes of jurisdictions elsewhere, with secrecy as their prime offering.”
The UK chancellor, Philip Hammond, recently suggested that if the EU fails to budge over granting the UK market access after Brexit, Britain could transform its economic model into that of a corporate tax haven. In other words, in the event of a so-called “Hard Brexit”, which is the only option that would offer the UK any hope of self-rule in the foreseeable future, the British government would extend the City of London’s business model to the rest of the UK.
Read More
“What they sell is escape: from laws, rules, and taxes of jurisdictions elsewhere, with secrecy as their prime offering.”The UK chancellor, Philip Hammond, recently suggested that if the EU fails to budge over granting the UK market access after Brexit, Britain could transform its economic model into that of a corporate tax haven. In other words, in the event of a so-called “Hard Brexit”, which is the only option that would offer the UK any hope of self-rule in the foreseeable future, the British government would extend the City of London’s business model to the rest of the UK.
Read More
Trump holds Monsanto stock, is against GMO labeling
by Julie Fidler, Natural Society:
Donald Trump’s pick of Senator Jeff Sessions for attorney General could
help solidify Bayer AG’s $66 billion purchase of Monsanto, which is
currently undergoing state and federal antitrust investigations.
Bagreed to acquire Monsanto for the whopping sum in September after months of bickering. The merger would give Bayer 1/4 of the world market for seeds and pesticides, resulting in less industry competition, higher seed prices, and eventually higher food prices. Several U.S. state attorneys have joined a federal antitrust investigation into the merger.
There had been growing skepticism that the deal would actually close, since both companies’ stocks had been trading lower since the acquisition was announced. However, since Trump’s election November 8, Monsanto shares have risen more than 4%.
Read More
by Julie Fidler, Natural Society:
Donald Trump’s pick of Senator Jeff Sessions for attorney General could
help solidify Bayer AG’s $66 billion purchase of Monsanto, which is
currently undergoing state and federal antitrust investigations.Bagreed to acquire Monsanto for the whopping sum in September after months of bickering. The merger would give Bayer 1/4 of the world market for seeds and pesticides, resulting in less industry competition, higher seed prices, and eventually higher food prices. Several U.S. state attorneys have joined a federal antitrust investigation into the merger.
There had been growing skepticism that the deal would actually close, since both companies’ stocks had been trading lower since the acquisition was announced. However, since Trump’s election November 8, Monsanto shares have risen more than 4%.
Read More
from Jesse’s Café Américain:
Gold and silver backed off almost perfectly from the overhead resistance on the charts.
The cause for this seemed to be ‘technical’ and was tied to a bounce in the dollar, which also seemed as much technical as anything else.
The equity markets were quiet, and tended to drift higher after the morning lows. Again, largely a technical type of trade.
Does anyone doubt that the markets are ‘holding their breaths’ for the inauguration of the Trump Administration this Friday?
Read More
Gold and silver backed off almost perfectly from the overhead resistance on the charts.The cause for this seemed to be ‘technical’ and was tied to a bounce in the dollar, which also seemed as much technical as anything else.
The equity markets were quiet, and tended to drift higher after the morning lows. Again, largely a technical type of trade.
Does anyone doubt that the markets are ‘holding their breaths’ for the inauguration of the Trump Administration this Friday?
Read More
by Hugo Salinas Price, Plata:
International Reserves in the world’s central banks have declined from
$12.032 Trillion dollars, the peak reached on August 2, 2014, to $10.814
Trillion dollars on January 13 this year, as registered by Bloomberg.
This is a decline of about 10.12%.
Over the past 29 months, the decline in Reserves took place at a rate of about $42 billion dollars a month. At this rate, by the end of 2017 International Reserves will likely decline by another $504 billion dollars, to $10.31 Trillion, which will increase the decline from the peak in 2014 to 14.31%.
Read More
International Reserves in the world’s central banks have declined from
$12.032 Trillion dollars, the peak reached on August 2, 2014, to $10.814
Trillion dollars on January 13 this year, as registered by Bloomberg.
This is a decline of about 10.12%.Over the past 29 months, the decline in Reserves took place at a rate of about $42 billion dollars a month. At this rate, by the end of 2017 International Reserves will likely decline by another $504 billion dollars, to $10.31 Trillion, which will increase the decline from the peak in 2014 to 14.31%.
Read More
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