ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Oct 13 18:12

From Tex Mex to Mex Tech: A Study of Northern Inattention

In America two narratives about Mexico dominate. First, chiefly emanating from anti-immigrant ideologues who usually have never been here, holds that Mexicans have low IQs and cannot function at other than a primitive level. Breitbart News and something called Vdare are chief among these. They don’t quite expect to find all Mexicans either robbing banks or sleeping at the foot of cactuses win big hats and a burro, but they come close.

Oct 13 15:04

The Economic Downturn Is Accelerating

Oct 13 14:46

Scientists Find $1.8 Million Worth Of Gold In Swiss Wastewater

Switzerland’s gold refineries may want to consider starting a recycling program.

Scientists at the Swiss Federal Institute of Aquatic Science and Technology estimate that about 43 kilograms of gold — worth about $1.8 million — passes through the country’s wastewater every year.

Oct 13 14:22

Here’s One Reason to Get Bearish

Oct 13 13:48

Citadels Of Paranoia; Panoramas Of Despair: An Occupation Of Phantoms

The bad news is, we have been deluged with bad, even mortifying, news, and for such an extended period of time, the mind reels in bafflement as the spirit sinks. Despair seems an apt response to events one cannot reconcile, of circumstances of which one cannot gain perspective nor control.

Oct 13 12:28

Catalonia: What’s Next? – Justin Raimondo

Spain’s repression has failed.

While the elites are pushing an agenda of centralization, and concentrated power, the worldwide trend is actually going in the opposite direction, toward decentralization and self-determination.

At a time when supra-national bureaucracies and globalist initiatives are being foisted on ordinary people, the Catalan people are rising up and taking their destiny into their own hands.

Oct 13 12:13

Can Stocks Avoid Unlucky (Year) Number 7?

Oct 13 10:37

How The Elite And Greedy Corporations Are Destroying Thousands Of Years Of Agriculture

The increasingly globalised industrial food system that transnational agribusiness promotes is not feeding the world and is responsible for some of the planet’s most pressing political, social and environmental crises. Localised, traditional methods of food production have given way to globalised supply chains dominated by transnational companies policies and actions which have resulted in the destruction of habitat and livelihoods and the imposition of corporate-controlled, chemical-intensive (monocrop) agriculture that weds farmers and regions to a wholly exploitative system of neoliberal globalisation.

Oct 13 09:40

Will the Fed stab investors in the back?

Oct 13 07:21

Putin promises to create better environment for foreign business in Russia

President Vladimir Putin has pledged to improve conditions for foreign companies working in Russia, including removing obstacles and reforming the legal system.

Oct 13 06:56

DOLLAR BLOW: China Launches New ‘Yuan-Ruble’ Payment Mechanism

The US received a major blow to its global hegemony, and one which is sure to trigger more fighting talk from hawks in Washington.

This week it was announced that China has established a ‘payment versus payment‘ (PVP) system to clear Chinese yuan and Russian ruble transactions. The aim, we’re told, is to to “reduce risks and improve the efficiency” of its foreign exchange system.

The new mechanism, which could rival the long-held monopoly of the US SWIFT inter-bank payment system (allowing for simultaneous settlement of transactions in two different currencies) was launched on Monday after receiving approval from China’s central bank, according to a statement by the country’s foreign exchange trading system.

Oct 12 15:29

Rally’s Relentless Bid Registering Records

Oct 12 14:51

Schäuble Warns of Coming Economic Crisis

Oct 12 14:06

Collapse Within Months | Rob Kirby

Oct 12 12:25

What Not To Buy In Today’s Stock Market

Oct 12 12:01

Can A Company Be Great And A Great Short?

Oct 12 11:54

Hurricane Rally Stalls: GM Forced To Idle Detroit Plant Amid "Slow Demand"

General Motors' stock has experienced an unprecedented rally over the past six weeks as wall street has increasingly bought into the thesis that a one-time, short-lived, pull forward of demand from folks needing to purchase replacement cars following Hurricane Harvey in Texas and Hurricane Irma in Florida suddenly means that the company is worth about 30% more than it was the day before Hurricane Harvey struck.

General Motors Co. plans to close a Detroit factory through the end of the year and deepen production cuts to slow-selling cars the plant manufactures, idling some workers and letting go others around the holiday season in response to weak sales.

GM will temporarily close its Detroit-Hamtramck assembly plant for about six weeks starting in mid-November, said people familiar with the plan. The move will lay off roughly 1,500 workers who help build four low-demand models at the plant.

Oct 12 11:49

Distressed Investors Are Already Buying Houston Homes for 40 Cents on the Dollar

Bryan Schild drives through the byways of Houston looking for what could be the investment opportunity of a lifetime: homes selling for as little as 40¢ on the dollar. “We Pay Cash For Flooded Homes $$$$$$$$ Don’t fix it, sell it. Quick close,” read the signs piled in the back seat of his Ford pickup.

Webmaster's Commentary: 

Vulture capitalism at its finest!!

Oct 12 11:34

Why U.S. and Saudi Arabia Back Rohingya in Myanmar

Demonstrations, protests and online petitions have appeared worldwide to defend the struggle of the Rohingya people who have been driven from Myanmar into exile. What is of concern is that political forces with no history of or interest in defending the rights of these oppressed people, including the U.S. and Saudi regimes, have joined this effort.

While he was threatening People’s Korea, Iran and Venezuela in his United Nations speech, U.S. President Donald Trump also demanded that the U.N. Security Council take “strong and swift action” to end violence against Myanmar’s Rohingya population.

U.S. government officials, including U.S. Ambassador to the U.N. Nikki Haley, Secretary of State Rex Tillerson and Vice President Mike Pence, have called for immediate action and delivery of humanitarian aid to the Rohingya.

Webmaster's Commentary: 

One could not help but note the intense irony of this Administration's policy on Myanmar and their treatment of the Rohingyas; but it reminded me, again, of Karl Marx's observation that all wars are economic in their origin, and how completely correct that assessment remains, even in the 21st century.

Oct 12 09:39

One Angry American Rages: "Obama Lied, My 4th Health Plan Just Died"

Cue the funeral bagpipes. My fourth health insurance plan is dead.

Two weeks ago, my husband and I received yet another cancellation notice for our private, individual health insurance coverage. It's our fourth Obamacare-induced obituary in four years.

Our first death notice, from Anthem Blue Cross and Blue Shield, arrived in the fall of 2013.

The insurer informed us that because of "changes from health care reform (also called the Affordable Care Act or ACA)," our plan no longer met the federal government's requirements.

Never mind our needs and desires as consumers who were quite satisfied with a high-deductible PPO that included a wide network of doctors for ourselves and our two children.

Our second death knell, from Rocky Mountain Health Plans, tolled in August 2015.

Oct 12 09:38

Millennials Have Never Been More In Debt, And It Is Creating A Major Risk For The Economy

There is a seemingly unlimited number of disconnects in financial markets these days, not the least of which is the shocking divergence in recent years between the ever plunging unemployment rate in the United States and stubbornly rising delinquencies on consumer debt. In fact, according to a note published earlier today by UBS strategist Matthew Mish, that divergence continues to soar to all time highs with each passing month...but why?

Oct 12 09:37

October 2017---The Quadruple Witching Begins

Oct 12 09:34

Caught On Tape: Google Works To Censor Infowars

Project Veritas captured groundbreaking footage that reveals Google’s willingness to censor those who they are ideologically opposed to.

Oct 12 08:46

NASDAQ Listed Blockchain Company on the Move

Oct 12 07:15

Thursday Follies – Post Fed Depression

Oct 11 16:39

Nolte: Because Their Product Stinks, Movie Theater Stocks Crash

With 11,873 screens in 1,009 theaters, AMC Entertainment is the single largest theater operator in America and — are you ready for this? — its stock price has collapsed a whopping -45% since Memorial Day. Two other monster chains, Regal and Cinemark, have seen their stocks drop by -28% and -18%, respectively. Even Imax, one of the pillars (along with 3D) of the premium pricing schemes that have kept the box office looking relatively good these past few years, saw a -31% drop in the price of its shares.

Oct 11 15:50

European Central Bank made almost €8bn from Greece’s financial crisis

A written response to a request from a Greek MEP showed the bank collected €7.8 billion in interest payments between 2012-2016 on Greek sovereign bonds acquired under its Securities and Markets bond-buying program (SMP).

Profits are usually redistributed among the 19 eurozone central banks.

In 2016, the ECB collected more than €1.1 billion in interest payments on the nearly €20 billion worth of Greek bonds it holds, according to German daily Suddeutsche Zeitung.

An analysis from the Jubilee Debt Campaign estimated Greece’s other creditor, the International Monetary Fund, had made €2.5 billion from its loans to the country.

Oct 11 15:45

In A Cashless World, You'd Better Pray The Power Never Goes Out

"Overall, though, going cashless makes an economy more fragile, and makes ordinary people sitting ducks whenever there is a natural disaster, or even worse disruptions such as wars..."

Oct 11 10:39

How Puerto Rico can rebuild and become a powerhouse economy

The establishment of an Economic Freedom Zone, would set off an explosion of growth.

Two simple but powerful steps taken by Congress could hasten recovery and redefine the trajectory of the island’s future. First, the United States should assume all of Puerto Rico’s outstanding bond debt. Second, in exchange for debt assumption, the federal government should establish the island as an Economic Freedom Zone. Within a year, these reforms would help rebuild Puerto Rico; within a decade, they could rebuild our conception of the free market in the Western Hemisphere.

Oct 11 08:37

Danielle Park – Nothing Makes Sense!

Oct 11 04:56

Imports at Top US Container Ports Set a 2nd Record High

"When imports break records two months in a row, it’s hard to see that as anything other than a good sign about what retailers expect in consumer demand. Consumers are buying more, and everybody from dockworkers to truck drivers is trying to keep up"

(*And that manufacturing is UP everywhere else on earth , and doing well , thanks to allegedly robust US Consumer Spending !)

Oct 10 15:16

Extremes Are Everywhere

"The complete disregard for 'risk' has never worked out well for investors in the past and is unlikely to be different this time either..."

Oct 10 13:18

The Market’s Got It Wrong – Rickards

Oct 10 13:04

Is The U.S. Headed For Great Recession 2.0?

When World War One officially came to a close on November 11, 1918, it was dubbed “the war to end all wars” because of the unimaginable and unprecedented destruction and carnage. Yet just over 20 years later, World War Two erupted.

Oct 10 12:05

Sears Canada throws in the towel, seeks total liquidation

If approved, liquidation sales would begin on Oct. 19 and continue for 10 to 14 weeks

Oct 10 12:03

The Biggest Crisis In Our Lifetime?

Marc Faber, popularly known as Dr. Doom has predicted that the US stock markets could correct by as much as 30-40%. In an interview to CNBC last week, Marc Faber said, “ You don’t see it. I don’t see it and nobody sees it. That’s why people continue buying stocks. Yet something will happen one day.” Explaining what may cause the plummeting of stocks he said, “It may come from a credit event, or a disclosure of a major fraud or it may come because interest rates start to go up, although central banks remain on the dovish side. There are many small events that can trigger the decline.”The Biggest Crisis In Our Lifetime?

Oct 10 11:19

NYC Foreclosures Surge 79%; Most Since 2009

A few weeks ago we noted that New York's 'smart money' at a variety of U.S. banking institutions were tripping over each other to underwrite dividend recaps for owners of expensive commercial real estate projects just as buyers of those properties suddenly dried up completely (see: NYC Commercial Real Estate Sales Plunge Over 50% As Owners Lever Up In The Absence Of Buyers). But we're sure it was nothing...the 27-year-old analysts leading those bank deals, fully syndicated deals in which their respective employers will retain no risk by the way, probably just know more about the commercial real estate market than those who count themselves among the list of former prospective buyers.

Oct 10 11:16

End of the Line for the Middle Class

Oct 10 10:41

Wall Street Bailout: Latest Updated Report

The latest of the U.S. Government’s updates on the status of the Wall Street bailout is 151 pages long, and highlights from it will be excerpted here below.

Oct 10 09:54

Health Insurers in Florida Request Premium Rate Hikes as High as 71%

Obamacare plan premiums may increase an average of 45 percent in Florida next year due to health care insurers rate hike requests, according to Florida's Office of Insurance Regulation.

There are six insurers in Florida selling plans on and off the exchanges in 2018 including Blue Cross and Blue Shield, Celtic Insurance Company, Florida Health Care Plan, Health First Commercial Plans, Health Options, and Molina Healthcare of Florida.

Molina Healthcare requested the highest rate increase of 71.2 percent. Individuals with this coverage can expect their monthly premium to increase from $402 to $688.

Oct 10 08:10

BAE confirms it is slashing 2,000 jobs

Oct 10 05:31

The Big Amazon Subsidy is Doomed

Oct 09 17:15

How The Elite And Greedy Corporations Are Destroying Thousands Of Years Of Agriculture

The increasingly globalised industrial food system that transnational agribusiness promotes is not feeding the world and is responsible for some of the planet’s most pressing political, social and environmental crises. Localised, traditional methods of food production have given way to globalised supply chains dominated by transnational companies policies and actions which have resulted in the destruction of habitat and livelihoods and the imposition of corporate-controlled, chemical-intensive (monocrop) agriculture that weds farmers and regions to a wholly exploitative system of neoliberal globalisation.

Oct 09 13:22

The 5 Biggest Bubbles In Markets Today

Oct 09 13:00

How Big Corporations Game Our Democracy Into Their Plutocracy

A major chapter in American history – rarely taught in our schools – is how ever larger corporations have moved to game, neutralize and undermine the people’s continual efforts to protect our touted democratic society. It is a fascinating story of the relentless exercise of power conceived or seized by corporations, with the strategic guidance of corporate lawyers.

Oct 09 12:16

Spanish Government Issues Veiled Death Threat To Catalan Leader

In a quite shocking escalation of the rhetoric in Spain, a spokesman for the ruling People's Party just issued a (barely) veiled death threat to the President of Catalonia.

"Let's hope that nothing is declared tomorrow because perhaps the person who makes the decalartion will end up like the person who made the declaration 83 years ago."

Seems about as clear as it gets from Rajoy's PP to Puigdemont - Call for Independence and Die!

That does not seem to be the reconciliatory tone the market has been hoping for.

Webmaster's Commentary: 

Rajoy has just "jumped the shark" in his rhetoric; Is he actually ready to have Puigdemont assassinated?!?

And how will the Spanish people react to this?!?

I am sure, with this last salvo, Puigemont's security has been doubled or trebled.

Oct 09 11:57

How The Elite And Greedy Corporations Are Destroying Thousands Of Years Of Agriculture

The increasingly globalised industrial food system that transnational agribusiness promotes is not feeding the world and is responsible for some of the planet’s most pressing political, social and environmental crises. Localised, traditional methods of food production have given way to globalised supply chains dominated by transnational companies policies and actions which have resulted in the destruction of habitat and livelihoods and the imposition of corporate-controlled, chemical-intensive (monocrop) agriculture that weds farmers and regions to a wholly exploitative system of neoliberal globalisation.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA