ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Nov 14 11:08

"Things Are Getting Worse": Mall Owners Hand Over The Keys To Lenders Before They Even Default

For years, traditional malls around the United States have been in a state of partial or full collapse thanks to "the Amazon effect": deteriorating conditions, bankrupt or cash-bleeding tenants, with some even transforming into homeless shelters as the retail industry "evolves".

In other words, as Bloomberg writes, "things are getting worse for malls across America." So much worse, in fact, that their owners are simply walking away early from struggling properties, a trend that has sparked fears of material losses among mortgage bond investors.

Investors in and lenders to malls across America are bracing for the fallout from the disappearance of the brick and mortar sub-sector of the industry. With the recent bankruptcy of retail giant Sears, mall operators are continuing to see accelerating defaults in the wake of numerous other retail bankruptcies from stores like Bon-Ton, Wet Seal and RadioShack, and many others, resulting in abrupt declines in rental and lease payments.

Nov 14 11:03

Bitcoin Could Help Mitigate Iran’s Oil Selling Problem

It seems there’s no end in sight to the US economic pressure being levied against Iran. In addition to the second wave of US sanctions which took effect on November 5th, the US government has tried several different ways to undermine or limit Iranian oil sales around the world. The most recent effort had been the US government’s actions to pressure SWIFT to stop processing financial transactions for Iran. That effort was successful and has left Iran with only a few options to continue selling its oil abroad...

Nov 14 10:39

This Wasn’t Supposed To Happen…

We have definitely deviated from the script. According to virtually all of the “experts”, the stock market was not supposed to keep plummeting in November. This was supposed to be the month when the market calmed down and things returned to normal. But instead, November is starting to look a whole lot like October, and many investors are really starting to freak out. U.S. stocks declined for a third day in a row on Monday, and all post-election gains have now been completely wiped out. The Dow Jones Industrial Average lost another 602 points, and all of these large daily losses are really starting to add up. It may still be a bit too early to call this a “major financial crisis”, but if stock prices keep plunging like this it won’t be too long before all hell starts breaking loose on Wall Street.

Nov 14 10:29

Russia jammed GPS during major NATO military exercise with US troops

The Russian military jammed GPS signals during a major NATO military exercise in Norway that involved thousands of US and NATO troops, the alliance said Wednesday, citing the Norwegian government.

The NATO exercise, Trident Juncture, concluded Sunday and involved some 50,000 personnel. It was labeled the alliance's largest exercise since the Cold War. Non-NATO members Finland and Sweden also participated in the exercise.
A spokesperson for the Norwegian ministry of defense acknowledged the jamming to CNN, which it said took place between October 16 and November 7, and said it would defer to the Ministry of Foreign Affairs on further questions to Russian authorities.

"Norway has determined that Russia was responsible for jamming GPS signals in the Kola Peninsula during Exercise Trident Juncture. Finland has expressed concern over possible jamming in Lapland," NATO spokesperson Oana Lungescu told CNN Wednesday.

Webmaster's Commentary: 

Right now, all we have is an allegation.

Where, please, is the irrefutable truth that this happened?!?

The short answer, right now... is nowhere.

A "determination", without hard evidence, is just that; sound and fury, ultimately signifying... nothing.

Nov 14 07:19

Germany in REVERSE: German economy SHRINKS for first time since 2015

Europe's biggest economy was dented by lower consumer spending and disruption to levels of car production, caused by new pollution tests that were introduced back in September.

Gross domestic product (GDP) stumbled by 0.2 percent between July and September, the Federal Statistics Office said on Wednesday.

It marked the first quarter-on-quarter fall for Germany since 2015 and raised fears that a near-decade-long expansion is crumbling from the inside.

The economy grew by 1.1 percent from July to September in the same period last year.

Nov 14 06:17

These Are The Headlines You See In A Bubble

Nov 13 17:09

Things are about to get Fun and Scary

Nov 13 15:50

Oil Carnage - What To Make Of This?

Nov 13 15:13

Is a 1,000% rally in 5-years enough?

Nov 13 13:30

National Facial Recognition Database to Use Loyalty Rewards to Identify American Shoppers

The article ends on a disturbing quote, “the infrastructure in this case is people’s perspective. That can change quickly.” -- Our perspectives had better change or corporate America will buy everyone’s identity using rewards programs and the ability to skip check-in lines.

Nov 13 12:58

US Farmers Are Stashing Soybeans In Toolsheds And Caves As They Wait Out Trade War

Amid China's worsening trade-war fueled economic slide, the Communist country's April decision to slap a 25% tariff on imports of US soybeans has remained one of its most rewarding retaliatory maneuvers. So far, at least, the food-price inflation that many feared would follow hasn't materialized - while the plunge in soybean purchases (imports to China fell 94% between the beginning of September and mid-October) has helped maximize the pressure on Trump-supporting farmers in North Dakota, Iowa and across the US farm belt.

Nov 13 12:58

Trouble Brewing In Hong Kong

When the British took Hong Kong over in the late 1800s, it was nothing more than an irrelevant backwater made up of fishing villages and illiterate fishermen.

But after a few decades, it became one of the most prosperous places in the world.

Nov 13 12:56

The Biggest Threat To Dollar Dominance

Russian oil exporters are pressuring Western commodity traders to pay for Russian crude in euros and not dollars as Washington prepares more sanctions for the 2014 annexation of Crimea by Moscow, Reuters reported last week, citing as many as seven industry sources.

Nov 13 12:55

NY taxpayers to pay $48,000 per Amazon HQ job

New York state is kicking in more than $1.5 billion in taxpayer-funded incentives for getting half of Amazon's second headquarters located in a section of Queens.

The Seattle-based company made its long-awaited announcement Tuesday, saying Long Island City and Alexandria, Virginia, will each get 25,000 jobs. The online retailer also said it will open an operations hub in Nashville, creating 5,000 jobs.

Amazon will also receive as-yet unspecified incentives from New York City.

New York state's incentives are nearly triple those of Virginia's, while Tennessee's are $102 million.

Nov 13 12:46

Here Is How Walmart Plans To Seize Further Control Of Your Community 

At the most recent International Council of Shopping Centers (ICSC) conference in Atlanta, Walmart announced new plans to repurpose twelve of its locations into Town Centers -- an outdoor gathering area with seating, community activities, entertainment, dining facilities, jogging paths, fountains, green spaces, playgrounds, and even space for live music.

The idea behind Walmart's seismic shift is that it wants to recreate the downtown of small communities that it was instrumental in destroying.

“We want to provide community space, areas for the community to dwell,” said L.B. Johnson, vice president of realty operations for Walmart in his ICSC keynote speech.

Nov 13 12:45

This Year, Ironically, First U.S. Deficit Record In 12 Years

According to the latest U.S. Census Bureau data, the U.S. trade deficit will almost certainly set a record in 2018 for the first time in 12 years , new data suggests for the first time.

It's been a remarkable run without a deficit. To provide context, prior to 2006, the last record-setting year, the United States had set a record 11 of the previous 12 years.

It is also not without irony that the run of years without a deficit would come to an end under President Trump.

Trump, first as a candidate and since as president, has complained loudly and vociferously about how other countries, particularly but not exclusively China, have taken advantage of the United States, leading to large trade deficits.

Nov 13 09:52

Are US Equities Flashing a 'Crash Signature'

Nov 13 08:07

Your Daily Rescue Update

Nov 13 07:52

John Rubino – Panic Setting In?

Nov 13 06:38

Do You Really Need Half Your Money In Stocks?

Nov 13 06:06

This Wasn’t Supposed To Happen…

Nov 13 05:18

A Palpable Sense Of Panic

Nov 13 00:54

Peter Schiff: Divided Congress Means Even Bigger Deficits

Economic advisor Peter Schiff has long been warning of the false stability and phony prosperity we are seeing the markets. He’s now saying that since the elections, it is about to get much worse, as a divided Congress means even bigger deficits.

Nov 12 19:09

The Economic Consequences Of Debt

Nov 12 16:52

Understanding the Global Recession of 2019

Nov 12 12:16

Trouble brewing in Hong Kong

Nov 12 12:00

Trouble In The Sam’s Club Tent City

It seems that the state and federal governments once again are proving their inabilities to cope with another large scale natural disaster. Recently there’s been a spate of problems at a tent camp at a Sam’s Club in Panama City, Florida. Workers, many of whom who came from out of state to find work in Panama City cannot afford or find hotels rooms to stay in while they do their work in the area. So some of them had gotten together and setup a tent encampment at the Sam’s Club parking lot...

Nov 12 10:53

France, Germany Could Host Iranian Payment Vehicle to Side-Step US Sanctions

Despite the rumors that no one is willing to host the trade mechanism over fears of US sanctions, France or Germany have been named as the most viable options.

Either France or Germany might become the host nation for the European clearing house, usually referred to as a "special purpose vehicle" (SPV) — a payment mechanism that would allow European companies to bypass US-imposed sanctions on Iran.

The establishment of this mechanism is widely viewed as the moment of truth on whether the EU is genuinely ready to live up to its promise to keep the so-called Iranian nuclear deal. And, as US sanctions kicked in on November 5, Tehran is becoming more restless regarding the establishment of the SPV, the Guardian notes.

Iranian Deputy Foreign Minister Kazem Sajjadpour has already expressed his frustration at the pace with which the SPV is being set up, saying: "What is lacking is both speed and efficiency."

Webmaster's Commentary: 

So what happens when all of these countries adopt a payment mechanism which completely bypass US sanctions on Iran?!?

Is President Trump prepared to go to war with all of them, for ignoring US sanctions, and buying Iranian crude?!?

Nov 12 10:52

The Stories We Tell About Money - aantonop


Published on Apr 30, 2017
In this talk, Andreas recounts the history of Bitcoin and what it represents, building upon all the stories we've been told over the centuries about what "money" is, how we perceive its value, and why the old answers have changed as we adjust to this new world of digital peer-to-peer currencies. He also discusses global threats to economic stability and trust in the financial system, including demonetisation and wealth destruction through inflation.

Nov 12 10:49

GPS signals jammed: Norway, Finland warn pilots Russia may blind their navigation systems

In recent weeks, NATO conducted its largest military exercises in decades in the frigid waters and icy mountains of Norway. But something odd happened. The GPS signals guiding ships, aircraft, tanks, trucks and troops started to fail.

Civilian airliners, cars, trucks, cargo ships and smart phones operating in and around Norway and Finland experienced similar disruptions.

Why?

Russia is the chief suspect.

It was riled by the scale and location of NATO’s Trident Juncture manoeuvres — despite having itself conducted several massive military exercises in the Baltics recently.

Webmaster's Commentary: 

More Russia demonization, and absolutely no hard proof that Russia is, in fact, culpable here.

Nov 12 10:17

An Alarming Graph

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