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Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry
Australian Banks – First The Housing Bubble Bursts, Now A Public Inquiry We keep returning to the subject of Australia and the growing signs that its bubble economy is bursting. Earlier this month, we discussedhow the world’s longest-running bull market – 55 years – in Australian house prices appears to have come to an end. […]
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg With OPEC delegates sequestered in a Vienna conference room, as they negotiate the proposed 6-9 month production cut extension, at least one appears to be leaking the decision process to media outlets, because moments ago Bloomberg reported that OPEC ministers have agreed to […]
“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status
“It Could Reshape The Global Trading System For Decades” – US Rejects China’s Bid “Market Economy” Status The US has filed a legal submission to the WTO as a third party, intervening in a case that China has brought against the European Union. The US rejects China’s argument that under the 2001 agreement, which confirmed […]
North Korea Says “Completed State Nuclear Program”; Warns “The Whole US Is In Range”
North Korea Says “Completed State Nuclear Program”; Warns “The Whole US Is In Range” North Korea claims its “new ICBM can put whole U.S. mainland within range,” says it has “realized great historic cause of completing state nuclear force” * * * Following the successful test-firing of its longest range ICBM yet today, Yonhap News […]
Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War”
Russia Warns Washington: Confiscating Gold Reserves Would Be “Declaration Of Financial War” In a surprising, and unexpected warning – which seemingly came out of nowhere – Russia’s Finance Minister Anton Siluanov cautioned Washington yesterday that “If our gold and currency reserves can be arrested, even if such a thought exists, it would be financial terrorism.” […]
Airports Close, Thousands Flee As Bali’s Mt Agung Volcano Erupts: Live Feed
Airports Close, Thousands Flee As Bali’s Mt Agung Volcano Erupts: Live Feed Bali’s Mount Agung has been trembling and spewing ash into the sky for months, warnings that prompted the government to steadily evacuate more than 75,000 people living around the base of the active volcano. Now the long-anticipated eruption is finally happening. As the […]
Citi’s Shocking Admission: “There Is A Growing Fear Among Central Bankers They’ve Lost Control”
Citi’s Shocking Admission: “There Is A Growing Fear Among Central Bankers They’ve Lost Control” Earlier we showed a variation on a VIX chart from Citi’s Hans Lorenzen which, if it doesn’t impress, or scare you, then nothing probably will. However, leaving readers unimpressed – and unscared – will not satisfy Lorenzen, which is why the […]
China’s Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges
China’s Corporate Debt Unexpectedly Rises At Fastest Pace In Four Years, As A New Risk Emerges Have you heard the one about the priest, the rabbi and China’s deleveraging? We forget how it goes, but it’s pretty damn funny, especially the last part after a Reuters report that following China’s repeated vows by Beijing it […]
There Is Just One Thing Preventing Elon Musk’s Vision From Coming True: The Laws Of Physics
There Is Just One Thing Preventing Elon Musk’s Vision From Coming True: The Laws Of Physics When Elon Musk stepped on stage at Tesla’s product-launch event earlier this month, he knew the market’s confidence in Tesla’s brand had sunk to an all-time low since he took over the company a decade ago. So, he resorted […]
US State Department Admits Plans To Meddle In Hungary’s Democracy
US State Department Admits Plans To Meddle In Hungary’s Democracy As we noted last week, hypocrisy may be the only consistent guiding principle of US foreign policy. The Rex Tillerson State Department will pump $700,000 into Hungarian media to remove Viktor Orban. TheDuran’s Alex Christoforou writes: When another nation state uses media to communicate it’s […]
The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy
The Party’s Over For Australia’s $5.6 Trillion Housing Frenzy Early this month, we discussed whether the world’s longest running bull market – 55 years – in Australian house prices had come to an end. This was UBS’s view following the October 2017 monthly report on Australian house prices from CoreLogic suggested that measures to tighten […]
In Escalating War Of Words, Saudi Crown Prince Calls Iran’s Ayatollah “New Hitler Of The Middle East
In Escalating War Of Words, Saudi Crown Prince Calls Iran’s Ayatollah “New Hitler Of The Middle East“ Godwin’s law states that “as an online discussion grows longer, the probability of a comparison involving Hitler approaches 1.” Saudi Arabia’s powerful, and controversial, 32-year-old Crown Prince Mohammed bin Salman – who in just a few months has […]
China Deleveraging Hits Corporate Bonds As Cascade Effect Begins
China Deleveraging Hits Corporate Bonds As Cascade Effect Begins Following the market lockdown during October’s Party Congress, many commentators were disturbed by the continued rise in Chinese government bond yields as we returned to “business as usual”, with the 10-year rising to 4%. At the beginning of this month, we discussed the sell-off (see “China: […]
JFK Files Reveal Bobby Kennedy And CIA Plotted False Flag War With USSR
JFK Files Reveal Bobby Kennedy And CIA Plotted False Flag War With USSR False flag conspiracy theories have arisen from thousands of global tragedies ever since pirates allegedly spawned the term by flying the flag of the home country they were preparing to attack. Of course, these “conspiracy theories” would be far easier to discredit […]
Lebanese Army On “Full Combat Readiness” At Southern Border To Counter “Israeli Enemy”
Lebanese Army On “Full Combat Readiness” At Southern Border To Counter “Israeli Enemy” Two days after Israel provided the first ever official confirmation of covert ties with Saudi Arabia, a step many analysts see as a precursor to future conflict in the Middle East involving adversaries Iran and Lebanon, on Tuesday the head of the […]



