Bank Of America Begins 66-Day Countdown Until The Terrible Ghost Of 1937 Returns In 66 trading days on September 17, 2015, the Federal Reserve will, according to Bank of America, hike rates for the first time since 2006, which according to BofA will “end the era of excess liquidity.” We disagree entirely, but let’s hear …
Category: Economy
Jun 15
Today’s News June 15, 2015
Snowden, Putin, Greece: It’s All The Same Story Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Through the last decades, as we have been getting ever more occupied trying to be what society tells us is defined as successful, we all missed out on a lot of changes in our world. Or perhaps …
Jun 14
Today’s News June 14, 2015
IMF Says It Will Continue Lending To Ukraine Even After A Default, And Why This Is Bad News For Greek Gold With Tsipras’ delegation in Brussels desperate to work out a last minute deal and preserve Greek pension cut “red lines”, not to mention Greece in the Eurozone, it is the IMF which has become …
Jun 13
Today’s News June 13, 2015
Round 1 Goes to We the People Fast track authority for TPP – which would have assured the passage of a horrible treaty – was voted down today. But Obama, Ryan and the powers-that-be are forcing Round 2 on Tuesday. Conservatives and liberals BOTH hate the TPP. It's literally We The People versus the oligarchy. …
Jun 12
Today’s News June 12, 2015
Toronto’s Epic Condo Bubble Suddenly Turns into Condo Glut Wolf Richter www.wolfstreet.com www.amazon.com/author/wolfrichter The high-rise construction boom in Toronto has been evident for a while. It has been motivated by sky-high prices. In May, prices in Toronto rose another 5% from a year ago. For all types of homes, prices are now 42% higher than …
Jun 11
Today’s News June 11, 2015
Why Greece Must Leave Submitted by Raul Ilargi Meijer via The Automatic Earth blog, French Economy Minister Emmanuel Macron and German Vice-Chancellor Sigmar Gabriel published a piece in the Guardian last week that instantly revived our long nourished hope for the European Unholy Union to implode and be dissolved, sooner rather than later. The two …
Jun 10
Today’s News June 10, 2015
How Could the Fed Protect Us from Economic Waves? by Keith Weiner Mainstream economists tell us that the Federal Reserve protects us from economic waves, indeed from the business cycle itself. In their view, people naturally tend to go overboard and cause wild swings in both directions. Thus, we need an economic central planner to …
Jun 09
Today’s News June 9, 2015
What Is the REAL Risk from Terrorism? Preface: Bad government policy has increased the level of terrorism. And corruption in our security agencies has allowed attacks to succeed which should have been stopped. Even so, the levels of terrorism are still much lower than many assume. Government officials and counter-terror experts may hype the terror …
Jun 08
Today’s News June 8, 2015
FIFA Confirms Russia Will Be Stripped Of 2018 World Cup If "Evidence Of Bribery" Emerges Ten days ago, when the FIFA scandal broke out, it took just a few hours to figure out what the US DOJ’s motive was. The answer was simple: stripping the 2018 (and 2022) World Cup hosts, i.e., Russia (and to …
Jun 07
Today’s News June 7, 2015
"Literally, Your ATM Won’t Work…" By Bill Bonner Of Bonner And Partners Literally, Your ATM Won’t Work… While we were thinking about what was really going on with today’s strange new money system, a startling thought occurred to us. Our financial system could take a surprising and catastrophic twist that almost nobody imagines, let alone …
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