ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Apr 03 05:00

Is It Time To Start Panicking?

Apr 03 04:53

Art of the Arms Deal: Trump Is Peddling Arms as If There Were No Tomorrow

It’s one of those stories of the century that somehow never gets treated that way. For an astounding 25 of the past 26 years, the United States has been the leading arms dealer on the planet, at some moments in near monopolistic fashion. Its major weapons-producers, including Boeing, Raytheon, and Lockheed Martin, regularly pour the latest in high-tech arms and munitions into the most explosive areas of the planet with ample assistance from the Pentagon. In recent years, the bulk of those arms have gone to the Greater Middle East. Donald Trump is only the latest American president to preside over a global arms sales bonanza
With remarkable enthusiasm, he’s appointed himself America’s number one weapons salesman and he couldn’t be prouder of the job he’s doing.

>>>

Apr 03 03:07

Brick & Mortar Retail Meltdown, March Update

And private equity firms are at the helm.

Apr 02 15:38

Child poverty: Pale and hungry pupils 'fill pockets with school food'

Malnourished pupils with grey skin are "filling their pockets" with food from school canteens in poor areas due to poverty, head teachers say.

The heads, from various parts of England and Wales, described differences in the appearance of some pupils.

One head said: "My children have grey skin, poor teeth, poor hair; they are thinner."

Apr 02 14:51

UK Vows to Crack Down on Money Laundering: What Will This Do to the Property Bubble?

Oops, unintended consequences

Earlier this month Prime Minister Theresa May said there was no place for “serious criminals and corrupt elites” in the UK — an absurd statement given that London’s Square Mile has been home to almost every major global financial crime and scandal of the last ten years, including Libor, Forex, the London Whale, and rampant gold and oil-price rigging. And for years the City of London has been the place where the world’s richest gangsters dream of stashing or laundering their cash. According to the British government’s own National Crime Agency, “hundreds of billions of US dollars” are laundered through banks in the United Kingdom every year.

Apr 02 14:31

China's tariff hikes: Here are the U.S. products getting hit

hina is placing new tariffs on 128 products bought from the U.S. as retaliation against taxes approved by President Trump on imported steel and aluminum.

The new tariffs will go into effect today, April 2, the Chinese finance ministry said in a statement. The announcement follows through on warnings Chinese officials have made for several weeks in an escalating trade dispute with the United States.

China's Customs Tariff Commission is increasing the tariff rate on eight imported U.S. products, including pork, by 25 percent. It's also imposing a new 15 percent tariff on 120 imported U.S. commodities, including fruits.

The tariffs mirror Mr. Trump's 25 percent charge on imported steel and 15 percent hike on aluminum. Mr. Trump's tariffs are partly a response to complaints that Beijing steals or pressures foreign companies to hand over technology.

Below are some of the products that will face tariffs from China:

Apr 02 14:29

Stocks Suffer Worst Q2 Start Since The Great Depression

After last week's "paint the tape ahead of a long-weekend" melt-up into the close, the first trading day of the second quarter was a bloodbath... In fact the worst since The Great Depression...

Apr 02 14:05

Ripping It Into The Close

Apr 02 13:00

The Markets Are Really Breaking Down Now

Apr 02 12:55

MAULDIN: Most Forecasts Turn Bearish

Apr 02 12:26

"I Can't Pay My Bills" - McDonald's Employees Furious As Company Renegs On Wage Hikes

When the initiative was first announced, McDonald's decision to raise its employees' wages to $1 above minimum wage (albeit only at corporate-owned stores, a minority of the company's total count) was hailed as a radical example of corporate accountability - a direct repudiation of the far-left notion that "quarterly capitalism" and employers accepting responsibility for their employees were mutually exclusive.

As any steely eyed realist might've expected, McDonald's widely lauded "wage hike" was little more than a publicity stunt. In the three years since McDonald's announced the wage hike in 2015, the firm has essentially frozen employee wages, often leaving them just a few cents above minimum wage, as Bloomberg has discovered.

Apr 02 11:57

Are We Heading Toward A Recession In 2018?

Apr 02 11:06

Dow Plunges 620 Points As Stock Losses Deepen

The stock market wasn't able to apply the brakes on a sharp slide Monday and the Dow sank 2.5%, as the market's correction showed no sign of ending anytime soon.

The Nasdaq composite plummeted 3%. The Nasdaq has been taking the brunt of selling lately as technology shares come under assault. No. 2 Nasdaq component Alphabet (GOOGL) fell below the 50-day moving average, just one session after it had climbed back above it.

Webmaster's Commentary: 

The Dow is down 735 as I type this.

Apr 02 10:46

Putin's World War 3 threats are REAL - defence chief in Russia bomb warning

VLADIMIR Putin might trigger World War 3 if he continues trying to “subvert, undermine and influence countries around the world” - according to Defence Secretary Gavin Williamson.

Webmaster's Commentary: 

Oh, you mean just like the West has done with its massive invasions of places like Iraq, Afghanistan, Libya, Somalia, and Syria, all of which are still going enormously badly, years on?!?

British Sec Def Williamson, a word, please; in Putin's statements and weaponry investments, he is telling the rest of the world, politely, not to test him, thank you very much.

He has invested in these weapons systems (which the world has seen working, brilliantly, in Syria, and for which they are beating a path to Moscow's doorstep), to simply keep the West at bay, and not even think about attempting to create any military confrontation against Russia.

And right now, it certainly appears that it is the West behaving badly, sir in the world, because it collectively attacks countries to expropriate resources to which it has no moral right, and leaving the people of those countries none the better off for it.

Your analysis of Putin's statements is dead-wrong, sir.

I would like to politely suggest that your turn your attention to what is going to benefit the British people, and protect your country and what is left of the Commonwealth, with the best fighting forces and weapons you can conjure.

Apr 02 10:32

LONDON MURDER RATE OVERTAKES NEW YORK AMID SPIKE IN STABBINGS, SHOOTINGS

London has surpassed New York City's murder rate for the second month in a row, due mostly to a spike in knife crime and shootings which left 15 Londoners dead in February - nine of whom were age 30 or younger, and 22 dead in March vs. New York City's 21, according to the Sunday Times.

While both cities have around 8.5 million people, NYC's murder rate has dropped by around 87% since the 1990's, while London's has grown approximately 40% in just three years - not including deaths from terrorist attacks. Experts have credited the NYPD's zero-tolerance policing model driving down the homicide rate in NYC from around 2,000 deaths in 1990 to 230 last year.

London, however, is experiencing a spike in violent crime.

Jacob Whittingham, charity head of programmes for Fight for Peace, told the paper: "What's scary about London is the randomness of the crime. -standard.co.uk

Webmaster's Commentary: 

This is the massive result of completely unrestrained immigration policy, coupled with zero jobs for people with zero skills who have immigrated, and who cannot speak the language of their adoptive country.

Adventures in insanity in UK foreign policy don't get more severe than this.

Apr 02 10:26

Is The Ballooning Debt Really Inflationary?

Apr 02 10:16

Subprime Auto Bubble Bursts As "Buyers Are Suddenly Missing From Showrooms"

The first casualty of rising rates has arrived: "As interest rates rise, it’s going to affect [subprime] customers first. That’s the part of the market that’s really coming down."

Apr 02 10:01

Hollywood Got Some News That Has Them Worried

WITH LESS THAN A WEEK TO GO, HOLLYWOOD’S MAJOR MARCH RELEASES HAVE FAILED TO BLOOM AT THE NORTH AMERICAN BOX OFFICE, TRIGGERING THE WORST YEAR-OVER-YEAR DECLINE FOR THE MONTH IN RECENT MEMORY.

MARCH REVENUE THROUGH SUNDAY WAS AN ESTIMATED $722.5 MILLION, A 28 PERCENT DECLINE FROM THE SAME TIME PERIOD LAST YEAR ($997.3 MILLION), ACCORDING TO COMSCORE.

THE LAST HOPE FOR REDEMPTION IS STEVEN SPIELBERG’S PRICEY READY PLAYER ONE, WHICH WARNER BROS. AND AMBLIN ENTERTAINMENT OPEN IN THEATERS THURSDAY, THE EVE OF EASTER WEEKEND.

LAST YEAR, FILMS RELEASED IN MARCH ULTIMATELY GENERATED NORTH OF $1.2 BILLION IN DOMESTIC TICKET SALES, LED BY BEAUTY AND THE BEAST ($504 MILLION), LOGAN ($226 MILLION), THE BOSS BABY ($175 MILLION) AND KONG: SKULL ISLAND ($168 MILLION). AND IN 2016, THAT SAME STAT WAS $939 BILLION, FUELED BY ZOOTOPIA ($341 MILLION) AND BATMAN V. SUPERMAN: DAWN OF JUSTICE ($330.4 MILLION).

Apr 02 10:00

Q1 2018 Was A Disaster For America

Apr 02 10:00

Dow Drops 500 on Fears of China Trade War

US stocks were tumbling Monday after China raised import duties on American pork, apples, and other products. The Dow Jones industrial average was down more than 500 points at noon Eastern, or about 2%, per the Wall Street Journal. The Nasdaq slumped 190 points, or 2.7%, and the S&P 500 dropped 58 points, or 2.2%, per the AP. Tyson Foods is among the biggest losers on Wall Street, though the tech sector was sliding as well, with investors dropping some of their recent favorites such as Microsoft.

Apr 02 09:53

Trump Renews Amazon Attack, Says ‘Post Office Scam’ Must Stop

President Donald Trump lit into Amazon.com Inc. for the second time in three days with a pair of Twitter messages that said the online retailer “must pay real costs (and taxes) now!”

The president on Saturday claimed, citing reports he didn’t specify, that the U.S. Postal Service “will lose $1.50 on average for each package it delivers for Amazon” and added that the “Post Office scam must stop.” Amazon has said the postal service, which has financial problems stretching back for years, makes money on its deliveries.

Amazon shed $53 billion in market value on Wednesday after Axios reported that the president is “obsessed” with regulating the e-commerce giant, whose founder and chief executive officer, Jeff Bezos, also owns the Washington Post newspaper. Those losses were pared on Thursday, the final day of a shortened trading week, even as Trump tweeted that Amazon was using the postal service as its “Delivery Boy.”

Apr 02 09:31

What predicts a recession?

Apr 02 09:29

Markets Are Correcting...Hard

Apr 02 08:38

Liquidity Crisis Headed Our Way,The Economic Warning Signs Are Everywhere

ere is a liquidity crisis looming in Europe and not there is one that has appeared in the mortgage arena.

Apr 02 08:16

Macron hit with THREE MONTHS of strikes in FURY at French President bowing to EU law

EMMANUEL Macron has been slapped with THREE MONTHS of punishing strikes from tomorrow in retaliation of the French President bowing down to the EU.

The relentless strikes begin tomorrow and will run for a gruelling 12 weeks in successive waves of two days bringing France to a standstill and completely paralysing the country.

The four main unions representing exasperated rail workers have called the revolt against opening the national SNCF rail monopoly up to competition as required by EU law.

The militant unions have been up in arms over Macron’s plot to scrap jobs for life for 260,000 workers of the debt-ridden, state-owned SNCF rail and their right to retire in their 50s in an attempt to whip them into line wit the public sector.

Apr 02 07:52

Trade War: China slaps tariffs on 128 US products

The trade war between China and the US escalated on Monday, with Beijing slapping a tariff as high as 25 per cent on 128 American products.

China`s tit-for-tat move comes after US President Donald Trump announced to imposed trade charges of up to $60 billion on Chinese imports on March 22 and did not revoke them despite Beijing`s stern warning.

Apr 02 07:32

Bitcoin has bust, FANG stocks are FUBAR

Apr 02 07:11

Tesla Tumbles After Elon Musk Jokes About Bankruptcy

One day after Elon Musk amused his 20 million twitter followers with a Tesla bankruptcy April Fool's joke...

Tesla Goes Bankrupt
Palo Alto, California, April 1, 2018 -- Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it.

— Elon Musk (@elonmusk) April 1, 2018

... this morning shareholders of Tesla are hardly laughing, with Tesla stock tumbling as much as 5%, down to $254, the lowest level since March 2017, and down 15% YTD.

Apr 01 18:16

Economic Collapse Confirmed! Petro-Yuan Futures Open - Over 10 Billion Notional Trades In First Hour

A good compilation of views on the petro-yuan.

"Will The U.S economic collapse happen in 2018? The Chinese have effectively challenged the dollar’s dominance by launching the petro-yuan, leading some to believe the US dollar’s collapse is all but imminent. After all the preparation, all the expectation, cheerleading and doomsaying, China's Yuan-denominated crude oil futures contract began trading tonight and appears to be o a good start with well over 10 billion yuan notional traded within the first hour.
This could be a death blow for an already weakening U.S. dollar, and the rise of the yuan as the dominant world currency. Prepare for economic collapse and U.S. stock market crash!"

Apr 01 17:55

‘Humanitarian Crisis in Hollywood’: Chronic homelessness vs. the American Dream

Thousands of people in one of America’s richest cities live on sidewalks infested with flesh-eating bacteria and tuberculosis. A Redfish Media report looks at the chronic homelessness crisis in Los Angeles.

Homelessness in Los Angeles has increased 43 percent in just four years. Skid Row, the epicenter of homelessness in the City of Angels, is home to approximately 2,500 people who live on the streets in a 49 square block area. It is the biggest concentration of homeless people in the United States. Overall, a staggering 60,000 people live without shelter in LA county.

Apr 01 08:00

Patriot Missile Interceptor Malfunctions and Misses, Raytheon Still Makes Billions

The US and its allies the world over are paying billions for medium-range missile interception systems without a track record of success.

(*We're selling those to suckers ...I MEAN; We're selling those suckers all over the world , forcryin'outloud . Do you want to make wall st. great again , or not ?
whitehorse souce)

Apr 01 07:40

Russia leads by example – pardons poorest African countries $20 billion debt

Russia has written off debts to the poorest countries of the African continent in the amount of $ 20 billion, said Russia’s first deputy ambassador to the United Nations, Dmitry Polyansky.

“Our country is taking steps to alleviate the debt burden of African countries. The debt for the heavily indebted poor countries has been written off by more than $ 20 billion, inclusive of “debt-for-development” programs, ” said Polyansky during his speech at the meeting of the Security Council on the situation in the Democratic Republic of the Congo.

(*"That Tears It !"
whitehorse souce)

Apr 01 06:56

China can succeed with petro-yuan where Gaddafi failed – killing the US dollar in oil trade

Muammar Gaddafi wanted to shatter the dominance of the greenback in the Middle East by introducing gold-backed dinar, but failed. China has a chance to finish what he started, one industry expert has told RT.

“Ideas related to oil trade in currencies other than the dollar arose more than once. Some of them were severely suppressed by the United States, one example is Muammar Gaddafi, who proposed the introduction of a regional currency gold dinar and trading oil in the Middle East in this currency,” Aleksandr Egorov, foreign exchange strategist at TeleTrade, told RT.

However, this time, an attempt to oust the dollar could be successful. China has launched oil futures backed by yuan, and Beijing has what Gaddafi didn’t, according to the expert.

Mar 31 17:16

2018-2028: The Most Dangerous Decade

By Chris Kanthan

Every 80 years, nations often experience colossal events. There are different theories about this cycle – for example, the Fourth Turning theory focuses on the cyclical strengths of institutions versus individuals. Others surmise that four generations after a major crisis, there are no more older people to warn the society, and the younger people take peace and prosperity for granted.

Well, exactly 80 years ago, America was mired in the Great Depression, and World War II was about to begin. Yet, predictably, most Americans and Europeans now cannot even fathom such scenarios repeating in their lifetime.

There are two major catalysts that can ignite catastrophic wars in the next decade...

Mar 31 13:51

THE DOLLAR CRISIS ON CHARTS

Mar 31 10:37

In Nearly 70% Of US Counties, The Average Worker Can’t Afford To Buy A Home

Housing, as we’ve pointed out in the past, is perhaps the most reliable bellwether of widening economic inequality in the US. And in its latest quarterly report on housing affordability in the US, ATTOM discovered that median-priced homes aren’t affordable to average wage earners in an astounding 68% of US housing markets.

Mar 31 10:26

What Happens When Your Money Is Worthless? Living With A Devalued Currency

This is one of the most important and valued articles to help you prepare. I think it could be useful, based on our experience with the economic collapse and its effects on the currency. Let me tell you what life is really like when your country has a devalued currency that is nearly worthless.

How do you buy things with devalued currency?

These last few days I was asked by a fellow prepper overseas how our internal trading, with such a devalued currency, was going on. He asked if we used silver coins and bartering. I answered him that we use mostly US dollars and Euros for large transactions like vehicles, land, and housing, as far as I know. But the reason people are mostly selling is that they are desperate to get out of the country, and the wealth they have accumulated in previous years vanishes, with the bad deals they seem forced to accept.

Mar 31 09:23

Patriot Missiles Are Made in America and Fail Everywhere

I talked to a fellow who worked at White Sands years ago about the Patriot. He called it the best 1950's tech that money could buy!

The point is there is no evidence that Saudi Arabia has intercepted any Houthi missiles during the Yemen conflict. And that raises a disquieting thought: Is there any reason to think the Patriot system even works?

Mar 31 07:08

What If All the Cheap Stuff Goes Away?

Mar 30 13:48

Rising Rates Put To The Test

Mar 30 12:34

On The Yuan-Oil Futures Contract & Gold

Trading in the new Shanghai oil future commenced last Monday, and on the first three days trading there were 151,804 contracts traded with a turnover value of 65bn yuan. It is the first futures contract listed on China’s mainland available to overseas users, putting them on the same footing as domestic investors. There are 15 benchmark contracts for different delivery dates between September next and March 2019.

There is little doubt that the Chinese government views this contract as an important development, with international commodity trading houses, such as Glencore and Trafigura, encouraged to participate. Furthermore, state-owned banks would have been on hand to ensure the necessary currency and financial liquidity is available.

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