ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 23 19:49

History Says FANG Feast Is Finished

Nov 23 13:55

Crude Oil could fall to $39

Nov 23 12:53

Stock Market Seasonality

Nov 23 11:25

Study: Over 20 years, Silicon Valley workers’ median wage has fallen by 14%

This drop in income comes at the same time that productivity in the United States is at record highs, the study found. Worse still, many costs are rising: notably Bay Area housing is increasingly unaffordable.

In short, most workers—regardless of whether they work in the tech sector or not—are getting poorer due to venture capital-driven business models that prioritize outlandish returns fueled by low-wage work that captures a given market quickly.

Nov 23 11:22

Focus on precision: Putin urges ramping up of production of ‘smart’ missiles and artillery shells

Russia must ramp up production of high-precision missiles and artillery shells, President Vladimir Putin said. Smart munitions can do the job more effectively than their “dumb” counterparts – and even save on the costs.
“We definitely need, not the notorious ‘slugs’, but ‘smart’ and highly precise munitions instead, which expand the capabilities of both existing and prospective weapon systems, and, I stress, can save funds considerably,” Putin said on Thursday, speaking at a meeting with industry representatives and top military officers.

Read more
FILE PHOTO. MiG-31 fighter jet carries Kinzhal hypersonic missile. © Alexey NikolskiyPutin teases new arms: Lasers & hypersonic missiles in service, but ‘that’s not all’

Webmaster's Commentary: 

Would that American politicians were delivering the same message to its military industrial complex.

Unfortunately for Americans, is the reality that weapons manufacturers in this country contribute lavishly - both covertly and overtly - to both sides of the aisle, so there is never any real pressure for quality, forward-thinking, and cost-effective weaponry, which leaves this country every more vulnerable by the day.

Nov 23 11:13

ESCOBAR: ERDOGAN, MBS, ISLAMIC LEADERSHIP, & THE PRICE OF SILENCE

The House of Saud's ties to the Khashoggi slaying are being milked by the Turkish President for maximum benefit amid debate on leadership of the Islamic world and how the crisis may affect US and Saudi strategy in the Middle East...

Call it the Gazprom double down. Nord Stream 1 and 2 supply northern Europe while TurkStream supplies southern Europe. Pipelines are steel umbilical cords. They represent liquid connectivity at its best while conclusively decreasing risks of geopolitical friction.

The Kremlin and the Russian Foreign Ministry are very much aware that the high-stakes game goes way beyond ‘Pulp Fiction’ in Istanbul and the Astana peace process on Syria – carefully micro-managed by both Putin and Erdogan alongside Iran’s Rouhani. The big prize is no less than the leadership of the Islamic world.

Webmaster's Commentary: 

Putin, as usual, is no less than one thousand chess moves ahead of President Trump, in understanding how all this is going to be perceived globally, and how it can best benefit Russia and its allies.

Nov 23 10:54

30+ KILLED, MANY INJURED AS TERRORIST ATTACK ROCKS PAKISTANI MARKET

Over 30 people were killed and 50 injured after a blast hit a market in Pakistan. Conflicting reports say that either a suicide bomber carried out the attack or the explosive device was hidden in vegetables.
Three children and 28 mourners are believed to be among the 31 victims, according to local Geo TV. The network says that another 33 people were injured in the suicide blast on Friday after the attacker went to the market on a motorcycle.

Meanwhile, AFP citing local officials gives a different account, saying that the improvised explosive device was hidden in a carton of vegetables. The agency also put the death toll at 31 and said that 50 more people were injured, with 17 in critical condition.

Webmaster's Commentary: 

I hope this uptick in violence, coupled with the attack against the Chinese Consulate in Pakistan, is not a harbinger of worse times ahead for the Pakistani people.

Nov 23 10:48

Blockchain Systems are Tracking Food Safety and Origins

By Nir Kshetri, University of North Carolina – Greensboro

When a Chinese consumer buys a package labeled “Australian beef,” there’s only a 50-50 chance the meat inside is, in fact, Australian beef. It could just as easily contain rat, dog, horse or camel meat – or a mixture of them all. It’s gross and dangerous, but also costly.

In researching blockchain for more than three years, I have become convinced that this technology’s potential to prevent fraud and strengthen security could fight agricultural fraud and improve food safety...

Nov 23 08:59

Better hope it’s different this time...

Nov 23 05:48

The Italian crisis continues to deepen

Nov 22 12:37

More troubles for Apple? Internal memo reveals firm's biggest iPhone supplier plans to cut costs by over $2 BILLION in 2019

Apple Inc's biggest iPhone assembler Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces 'a very difficult and competitive year', Bloomberg reported on Wednesday, citing an internal memo.

Nov 22 12:12

Housing starts

Nov 22 12:08

Billionaires battered by tech wreck... but they're still among wealthiest on the planet

The biggest loser was Bezos, whose fortune fell by a staggering £34billion from highs last month, according to Bloomberg’s billionaires index. But he was still worth around £98billion.

Zuckerberg’s cash pile from a high in July, plunged £27billion to about £41billion this week as shares were hit by sluggish user growth and fears of tougher regulation.

Microsoft founder Gates’s fortune dipped by around £5billion from highs last month to £73billion and Larry Page and Sergey Brin, co-founders of Google, saw their combined wealth fall by £16billion from July to just under £79billion.

Nov 22 11:09

Iranian Charity Receiving Bitcoin Donations

Some of us when we think of Bitcoin we think of money, or PayPal. What we rarely think about is how Bitcoin can be used as a way for charities to obtain donations. Over the last several years there has been an increase in charities around the world which accept crypto currency donations...

Nov 22 10:38

Merkel Urges EU to Give up Sovereignty to Brussels 'in Orderly Manner' - Reports

Earlier, Chancellor Merkel and French President Emmanuel Macron pledged to continue supporting Franco-German efforts to strengthen a "sovereign Europe" amid concerns that the European Union was at a "crossroads" regarding its future role in the world.

Angela Merkel has urged European Union members to give up more of their sovereignty to EU institutions, Die Welt has reported.

Webmaster's Commentary: 

Doing this will not benefit the people of Europe, or Germany, in any possible tangible way; it will simply give Brussels the "ammo" it needs to hold true to its dictatorial ways.

Nov 22 10:20

South African FM Vows Land Redistribution in Country to Be 'Legitimate, Fair

The South African government will make sure that the land redistribution policy is "legitimate and constitutional," the South African foreign minister said on Thursday.

"The matter of land redistribution is before a parliamentary committee … We can assure everybody that it is a fair process… We will take every precaution to make sure that it is legitimate and constitutional," South African Foreign Minister Lindiwe Sisulu said during a lecture at the Moscow State Institute of International Relations.

Webmaster's Commentary: 

It is painfully apparent that Foreign Minister Sisulu does not understand the difference between "constitutional" and "morally wrong."

And what we are seeing here, is the Zimbabwification of South Africa.

And you can take land from farmers, and give it to other people, but it is more than "ownership" which gets a farm producing; it is knowing the science of crop cycles; how not to exhaust the land by planting too frequently, and understanding what natural pesticides can do to protect crops, and how they are most appropriately used.

In this "Land Confiscation", it appears that none of the issues have even come up for discussion by the South African government.

This is going to be a real shame, when the country realizes it now must import larger and larger amounts of food with which to feed its people.

The economy may very well decline sharply, and take the value of the Rand down with it.

Nov 22 09:59

Yemen Genocide About Oil Control

As with virtually every war and destabilization since the British first discovered abundant oil in the Persian Gulf over a century ago, the Yemen war is about oil, more precisely about control of oil, lots of oil.

Yemen is a strategically key geopolitical stretch of land at the critical connecting point of the Red Sea which links to the Mediterranean via the Suez Canal and the Indian Ocean. It’s the site of one of the world’s most strategic shipping choke points, the Bab el Mandab, a narrow passage a mere 18 miles distance from Djibouti in the Horn of Africa, making it one of the US Department of Energy’s Oil Transit Chokepoints. According to the US Department of Energy an estimated 4.7 million barrels of oil passes through Bab el Mandab in both directions daily, including oil bound for China.

Webmaster's Commentary: 

When Karl Marx observed that all wars are essentially economic in nature, he was entirely correct.

Nov 22 09:54

USA Prepares to Add Venezuela to Its Terrorism List – Its Got a Lot of Oil You Know

Another stunning statistic that should surprise absolutely no-one with an internet connection, is that Venezuela also happens to be the largest supplier of oil to the United States, sending about 1.5 million barrels per day.

Not paying for that would be good for America’s economy, as would stemming their supply to America’s competitors.

During a press conference with Calixto Ortega, the president of the Central Bank of Venezuela on Tuesday, Economy Vice President Tareck El Aissami said in early October that all future transactions on the exchange market would be made in euro, yuan and “other convertible currency” instead of the US dollar.

Nov 22 09:36

When This Happens, Buy Stocks

Nov 22 09:24

Gordon T. Long – Recession on the Way?

Nov 22 08:17

We Aren't All Grateful This Thanksgiving, But We Should Be. Here's Why.

The unemployment rate among those with a high school education is 3.9 percent. The poorest quintile of Americans have seen their post-tax incomes increase 80 percent since 1979, according to Congressional Budget Office data, and post-tax and transfer income for that quintile has skyrocketed 32 percent since 2000. The upper-middle class in America constituted 13 percent of the population in 1979; as of 2014, it constituted 30 percent. According to Pew Research from 2015, when it comes to standard of living,

Nov 22 08:08

Tech Wreck Most Likely Gets Started Here!

Nov 21 22:37

US needs megawatt class combat lasers to counter hypersonic missiles

"You may be broke, homeless, and living in a tent, but you can rest assured we are spending billions of dollars in protecting your tent" - Official White Horse Souce

Nov 21 18:51

Our new column from inside Amazon: 'They treat us as disposable'

In The Amazon Diaries, our anonymous insider takes us behind the scenes at an Amazon fulfillment center where workers are ‘an extension of the machine’

Nov 21 17:27

Inflation = expansion of money supply

Nov 21 16:39

Break up Facebook (and while we're at it, Google, Apple and Amazon)

Big tech has ushered in a second Gilded Age. We must relearn the lessons of the first, writes the former US labor secretary

Nov 21 16:13

Infographic: The Numbers Behind Black Friday

Nov 21 14:41

More millennials are moving back home – and it’s making everyone depressed: 20-somethings AND their parents experience a blow to their mental health when they ‘boomerang’ back, studies find

As for parents, they might be a bit relieved if their children weren't going through hardships, but they'd still rather have their independence back, according to the previous study on their attitudes.

Nov 21 13:41

$9 trillion corporate debt bomb ‘bubbling’ in economy…

At first glance, it looks like a $9 trillion time bomb is ready to detonate, a corporate debt load that has escalated thanks to easy borrowing terms and a seemingly endless thirst from investors.

Nov 21 12:20

Stock Markets Remains Extremely Overvalued – Hussman

Let’s be clear. October’s market decline was a rather mild warning shot. At its lowest close, the S&P 500 lost -9.9% from its September peak, before rebounding in recent sessions. As I noted during the 2000-2002 and 2007-2009 collapses, intermittent “fast, furious, prone-to-failure” rebounds are among the factors that encourage investors to hold on through the entirety of major declines. After particularly severe down-legs in the market (which we have not yet observed), these rebounds can extend for weeks, and sometimes approach gains of as much as 19% before the market plunges again.

Nov 21 11:46

Banks that offer personal loans BIGGER than your annual salary... and give you the cash in minutes (at sky-high interest rates)

Customers are being bombarded by banks with offers of personal loans larger than their annual salary.

Money Mail has discovered banks are marketing loans with sky-high interest rates, despite warnings that Britain's household debt has reached record levels.

UK families are currently £25billion in the red — equivalent to almost a quarter of the NHS budget, according to the Office for National Statistics.

But, despite alarming echoes of the lead-up to the 2008 financial crisis, lenders are continuing to push more unsecured debt as we approach the Christmas period.

Nov 21 11:37

This is actually happening...

Nov 21 11:17

More Evidence Supporting the “Russia Did It” Narrative Is Another Branch of Spiritual Warfare

The deeper we look into the resurgence of nationalism / retraditionalization the more evidence we find to support some of the reasoning behind the western media continually shouting “Russia did it“. Corporate media does this in the face of overwhelming evidence that China has been, and will continue to be, the major threat to the U.S. economy. We are not calling either nation an enemy we are merely pointing out that China’s economic engine, along with the build out of the Belt and Road Initiative (BRI), Shanghai Cooperation Organization (SCO) and all the parallel financial institutions pose more of a threat than Russia. Russia’s economy, while growing stronger every single day, is still years away from challenging the U.S. dominance in the market place. China on the other hand, many would argue, has grown her economy to overtake the status of being the largest economy in the world.

Nov 21 07:15

Does the Market Need a Heimlich Maneuver?

Nov 21 06:09

A Collapse Update from Venezuela: Corruption, Hunger, and Crime

In this update, Jose talks about the worsening corruption, hunger, and crime in Venezuela. It’s hard to imagine, but things are still getting worse there. And one of the biggest threats? Law "enforcement."

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