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Stocks Drop As Trade War Returns; Japanese Bond Rout Leads To Emergency Margin Call
Stocks Drop As Trade War Returns; Japanese Bond Rout Leads To Emergency Margin Call The latest trade war truce lasted less than a day, and after stocks jumped yesterday following an early report that Mnuchin had resumed trade talks with his Chinese counterpart, a late Tuesday report that the Trump admin is planning to increase […]
Canada, U.S. governments watching, but not intervening, in coal mine pollution controversy
Teck’s Greenhills mountaintop removal coal mine, in B.C.’s Elk Valley. Photo: Garth Lenz. Canada, U.S. governments watching, but not intervening, in coal mine pollution controversy U.S. officials accused Canada of omitting information on selenium pollution flowing from B.C.’s Elk Valley into Montana waters The U.S. State Department is not going to intervene in a dispute […]
US Debt Sales To Surge: Treasury Raises 2018 Borrowing Need To $1.33 Trillion
US Debt Sales To Surge: Treasury Raises 2018 Borrowing Need To $1.33 Trillion America’s funding needs are starting to grow at a dangerous pace. Even before the NYT reported of Trump’s startling suggestion of a further $100 billion tax cut in the form of an inflation-adjusted capital gains tax cost basis which mostly benefits the […]
Whose Trade War Is It Anyway?
Whose Trade War Is It Anyway? Everybody complains about Trump, but he wasn’t the one who started it German Chancellor Angela Merkel speaks to President Donald Trump in front of other world leaders in Charlevoix, Canada, at the G-7 summit on June 9, 2018. The mainstream media and world leaders are blaming Trump for starting […]
Western Collapse… Scapegoating Trump & Putin
Western Collapse… Scapegoating Trump & Putin Former US President Barack Obama was in South Africa last week for the centennial anniversary marking the birth of the late Nelson Mandela. Obama delivered a speech warning about encroaching authoritarianism among nations and the “rise of strongman politics”. Coming on the heels of the summit in Helsinki between […]
In Refusing To Defend Assange, Mainstream Media Exposes Its True Nature
In Refusing To Defend Assange, Mainstream Media Exposes Its True Nature Last Tuesday a top lawyer for the New York Times named David McCraw warned a room full of judges that the prosecution of Julian Assange for WikiLeaks publications would set a very dangerous precedent which would end up hurting mainstream news media outlets like NYT, […]
The Grand Illusion of Imperial Power
The Grand Illusion of Imperial Power Photo by DAVID HOLT | CC BY 2.0 All men dream but not equally. Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but those dreamers of the day are dangerous men for they act their […]
Centrism is Dead (And It Never Really Existed)
Centrism is Dead (And It Never Really Existed) It’s a common refrain these days to hear people lament a decline of the so-called “center” in American politics. We’re supposed to look on in horror as “moderate” Republicans and Democrats become an engaged species of liberty-fighting patriots steamrolled by frothing, insane hordes of populist barbarians on […]
US Preparing To Bomb Iran’s Nuclear Capabilities As Soon As Next Month: Report
US Preparing To Bomb Iran’s Nuclear Capabilities As Soon As Next Month: Report As the White House convenes a policy meeting on Iran Thursday involving senior Pentagon officials and cabinet advisers under national security adviser John Bolton, and after a week of intense saber-rattling by President Donald Trump and his Iranian counterpart Hassan Rouhani, a new […]
The Most Important Waterway In The Oil World
The Most Important Waterway In The Oil World Tensions between the United States and Iran continue to rise, with U.S. President Donald S. Trump issuing a threatening tweet against Iran’s President Hassan Rouhani amidst preparations to re-impose sanctions on Iran’s economy following the U.S. withdrawal from the 2015 nuclear deal. The increasingly tense situation has […]
Trump and Juncker Supposedly Agree to Trade Deal: Lies All Around
Trump and Juncker Supposedly Agree to Trade Deal: Lies All Around The US and EU agree to resolve trade differences. Color me skeptical as to how long this lasts and what happens next. The Wall Street Journal reports U.S., EU Agree to Resolve Trade Differences. President Trump on Wednesday declared a “new phase” in the […]
When Worse is the Enemy of Bad
When Worse is the Enemy of Bad Photo source davitydave | CC BY 2.0 There comes a time in the decline of an empire when–in its hubris, its arrogance–it decouples from reason and blindly blunders toward its fate in a ludicrous ugly trance of stupidity. To paraphrase Walter Cronkite–we are there. Trump makes his one positive, […]
China Announces New Stimulus Measures
China Announces New Stimulus Measures Another day, another stimulus announcement by China. One day after Beijing threw in the towel, and in addition to monetary easing announced it would be far more “proactive” in fiscally stimulating the country, Chinese banks received notice from regulators on Wednesday that a core capital requirement will be eased in […]
Prepare for a Chinese Maxi-devaluation
Prepare for a Chinese Maxi-devaluation The news is being dominated by breathless headlines about the new trade war between the U.S. and China. But this trade war has been brewing for years and came as no surprise to readers of my newsletter, Project Prophesy. In fact, the new trade war is simply a continuation of […]
