GlobalIntelHub2

95% Of Total Consumer Credit Lent In Past 12 Months Is For Student And Car Loans

From Zero Hedge: Another month, another disappointment for all those who hope the consumer will finally “charge it.” In November, consumer credit was expected to grow by $14.25 billion, instead it rose by $12.318 billion. However, it was once again the components that were key, because while $11.9 billion or the vast majority of November’s […]

Continue Reading
GlobalIntelHub2

Neofeudal financialization – what’s real and what’s not

Most investors and traders are constantly analyzing data, and painting the economic picture based on it.  But far too often we forget what’s creating the data.  Economics is a measure of the real economy, which is driven by real forces.  Monopolies are one thing to study, but how do monopolies or oligopolies exert their economic […]

Continue Reading
GlobalIntelHub2

The Pathology of the Rich – Chris Hedges on Reality Asserts Itself

Paul Jay, Senior Editor, TRNN: Welcome to The Real News Network. I’m Paul Jay in Baltimore. And welcome to Reality Asserts Itself. A few weeks ago, we did a series of interviews with Chris Hedges, and one of the things we talked about was the weakness of the left, the weakness of the people’s movement, if […]

Continue Reading
GlobalIntelHub2

Future of Eurozone looking bleak without reforms

Europe’s prospects continue to look bleak.  With some youth unemployment rates around 50%, it’s hard to imagine how a new generation of European workers will participate in any recovery.  Europe’s overall unemployment figures are still well higher than in the US, even considering that US numbers are not a true reflection of real unemployment in […]

Continue Reading
GlobalIntelHub2

What keeps Bill Gross up at night: Winged Eagles

When the “Bond King” who manages the world’s largest bond fund at Pimco loses sleep, we should ask why.  Bill Gross is famous (or infamous) for writing self-certified philosophical pontifications of the markets.  In his latest, he agrees with his partner Mohamed, but that the “T” the markets might experience might resemble more a “winged […]

Continue Reading
GlobalIntelHub2

Banks warn Fed of possible charges to depositors, negative interest rate

Banks have warned that if the Fed lowers the deposit rate on deposits they hold at the Fed (currently .25%) they would need to pass on the cost to the end user (depositor) to cover costs of Federal Insurance (FDIC) and other overhead costs associated with holding deposits.  Passing on fees to customers would likely […]

Continue Reading
GlobalIntelHub2

Switzerland Rejects Proposal To Limit Executive Pay

In a bold pro-corporate move, Switzerland has rejected a proposal that would limit executive pay.  Only 6 months ago, 70% of Switzerland supported and applauded this proposal.  See infographic.  More from Zero Hedge: Confirming that the brotherhood of the “fairness doctrine” in which everyone is equal to everyone else (but some are too big to fail […]

Continue Reading