Economy

BofA: "This Is The Key Risk-Off Signal" Ahead Of This Autumn's "Big Fall"
BofA
ZeroHedge | One month ago, BofA's chief investment strategist Michael Hartnett predicted that the "most dangerous moment for markets will come in 3 or 4 months." So now that we are between 25% and 33% closer to said "moment", what...
US Stock Buybacks In Biggest Slide Since The Financial Crisis
Wall Street
ZeroHedge | In light of today's euphoric market reaction, which has seen the VIX plunge by over 3 vols, or 20% lower, to just over 12 and sent both the Nasdaq and S&P higher by 1% on relief that there were no mushroom clouds...
Military Industrial Complex Hit Highest Stock Prices Ever as Govt Hypes North Korea War
Air Force
FreeThoughtProject | Feckless boasts of military might and icy vows to annihilate one another might not necessarily prove war between the U.S., North Korea, and their allies is nigh, but the monumental increase in stocks of weapons and...
What Recovery? The Great Recession Is Still With Us, New Study Finds
Homeless
True Economics | Here is the most important chart I have seen in some months now. The chart shows the 'new normal' post-2007 crisis in terms of per capita real GDP for the U.S.   Source: http://rooseveltinstitute.org/wp-content/uploads/...
2017's Dollar Collapse Is The Worst Start Since 1985
Dollars
Knowledge Leaders Capital blog, | The USD is off to its worst start since 1985, down about 9%. In the chart below (courtesy of Bianco Research), it appears the USD is tracing its performance in 1985 quite closely. Of course, 1985 was the worst year for...
How Central Banking Increased Inequality
Federal Reserve
Mises.org | Although today high levels of inequality in the United States remain a pressing concern for a large swath of the population, monetary policy and credit expansion are rarely mentioned as a likely source of rising wealth...
Venezuelan Currency Madness Valued Local Bank More Than Apple
Mercantil Servicios Financieros
Bloomberg | What does it take to surpass Apple Inc. as the world’s most valuable traded company? One way is to be listed in Venezuela, with its massively overvalued currency. Venezuelan stocks are ascending the ranks of the most...
Wall Street Fines Down 66% Under Trump's Goldman Sachs-Filled Administration
Wall Street
CommonDreams | Since taking office in January, President Donald Trump has chosen ex-Goldman Sachs bankers to fill several key positions within his administration. According to a Wall Street Journal analysis published Sunday, it...
Greenspan: Bond bubble about to break because of 'abnormally low' interest rates
CNBC | Former Federal Reserve Chairman Alan Greenspan issued a bold warning Friday that the bond market is on the cusp of a collapse that also will threaten stock prices. In a CNBC interview, the longtime central bank chief...
A Quarter Trillion Dollars In US Savings Was Just "Wiped Away"
Money
ZeroHedge | As part of its historical revision to GDP, the BEA also had to adjust personal income and spending, with the full results released in today's July report. What it revealed was striking: over the revised period,...
Mark Hanson Reveals "The Next Housing Bubble"
FLickr
ZeroHedge | The striking Case-Shiller regional charts shown below, courtesy of MHanson.com, make Mark Hanson angry: "so, 2006/2007 was the largest house price bubble ever, but there is nothing to see here in 2017?" and...
Federal spending is skyrocketing — along with US debt
US Treasury
NYPost | Federal spending topped $400 billion for the first time in June. That has the unfortunate distinction of beating the record of $392.8 billion that was spent in March of 2017. I mention this because the US debt is...
Coinbase to suspend all accounts on August 1st as “civil war” hard fork hammers Bitcoin
Coinbase
NaturalNews | There is no longer any question about it: Coinbase is a massive fraud and appears to be engaged in widespread criminal conspiracy. Coinbase is the most popular online wallet for Bitcoin, and I have previously reported...
Cashless Society Alert: Visa Will Be Giving Up To $500,000 To Restaurants That Go '100% Cashless'
Visa Card
Economic Collapse | The push toward a cashless society is becoming more of a shove.  Before today I had never heard of “The Visa Cashless Challenge”, but after reading about it I have to say that I am quite alarmed.  Visa is trying to “...
It’s Your Money But You Can’t Have It: EU Proposes Account Freezes To Halt Bank Runs
Eurozone
MishTalk | If there is a run on the bank, any bank in the EU, you better be among the first to get your money out. Although it’s your money, the EU wants to Freeze Accounts to Prevent Runs at Failing Banks. European Union states...
Bank of America: "Tick Tock"
BoFA
ZeroHedge | The drums of doom from BofA's Michael Hartnett (most notorious for his recent prediction of when "the Fed will crash the market", and warning that "The Most Dangerous Moment For Markets Will Come In 3 Or 4 Months") are...
Paul Singer: "I'm Very Concerned About The Global Economy"
ZeroHedge | Elliott Management Corp Founder Paul Singer stepped up his criticism of the unprecedented monetary stimulus unleashed by the Federal Reserve and other major central banks in Europe and Asia in the wake of the financial...
Massive Bitcoin liquidation likely to happen before August 1st, warns crypto currency expert
Bitcoin
NaturalNews | There’s an upcoming fork in the road, and the popular online cryptocurrency Bitcoin is headed straight towards it. It could finally be the breaking point that Bitcoin needs to set a definitive standard for trading and...