Global Intelligence
Submitted by Michael Snyder of The Economic Collapse blog, You can see it coming, can’t you? The yield on 10 year U.S. Treasuries is skyrocketing, the Dow has been down for 5 days in a row and troubling economic news is pouring in from all over the planet. The much anticipated “financial correction” is rapidly approaching, […]
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Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter Printing money and forcing interest rates to near zero, that’s how the Fed and other central banks papered over the Financial Crisis, duct-taped the bursting credit bubble back together, inflated new asset bubbles, and propped up TBTF banks. And in so doing, they accomplished a huge feat: a worldwide tsunami of hot money. […]
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I have argued that what has just happened in Egypt is a bloodbath that is not a bloodbath, conducted by a military junta responsible for a coup that is not a coup, under the guise of an Egyptian “war on terror”. Yet this newspeak gambit – which easily could have been written at the White […]
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The IRS is cracking down on small businesses The IRS says it is trying to identify businesses that get “an unusually high portion” of their reported sales through credit card transactions. The thinking is that a lot of cash transactions might be going unreported. To decide who gets letters, the IRS compares a business’s credit […]
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Cezary Blaszczyk writes: Among the many recent revelations about American surveillance operations was the fact that, according to Der Spiegel, the U.S. intelligence apparatus “not only conducted online surveillance of European citizens, but also appears to have specifically targeted buildings housing European Union institutions,” Few, if any, of those commenting of late on such affairs […]
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A series of data which normally would be considered anomalous is growing at such an accelerated rate, it’s no longer ‘black swan’ data; now the flock seems to be all black and it’s flying north for the winter. Take a look at the following chart showing Consolidated Foreign Transactions in Long Term US Assets: (click […]
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Submitted by Charles Hugh-Smith of OfTwoMinds blog [9], Although economics doesn’t recognize it, the operative phrase here is systemic injustice. Correspondent C.G.D. recently asked what I consider a very profound question: why isn’t there demonstrably correct economic theory? “My wife has asked me a ‘simple’ question that I can not answer. After 2000 years, why do we […]
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Remember when housing was the primary aspirational asset for a still existent US middle class, to be purchased with some equity down by your average 30 year-old hoping to start a family in his or her brand new home, and, as the name implies, aspire to reach the American dream? Those days are long gone. […]
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