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To Prevent Rebellion, Spain Docks Cruise Ship Housing 16,000 Riot Police In Barcelona Port
To Prevent Rebellion, Spain Docks Cruise Ship Housing 16,000 Riot Police In Barcelona Port Efforts by Madrid to stop a Catalonia independence vote, currently slated for October 1st, seem to be growing more hostile by the day. Earlier this week Spanish police seized control of Catalonia’s finances, seeking to ensure that separatist politicians could not […]
Why Economic Data No Longer Matters
Why Economic Data No Longer Matters Back in mid-2009, we said that with the Fed and central banks nationalizing capital markets, macro and even micro data and newsflow will matter increasingly less and less, and the only thing that does matter is the Fed’s weekly H.4.1 statement, showing the changes to the Fed’s balance sheet. […]
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High
Japan’s “Deflationary Mindset” Grows As Household Cash Hordes Reach Record High After being force-fed more stimulus than John Belushi, and endless rounds of buying any and every asset that dares to expose any cracks in the potemkin village of fiat folly, Japan remains stuck firmly in what Abe feared so many years ago – a […]
Russian Depositors On Edge After Second Major Bank Fails In Under A Month
Russian Depositors On Edge After Second Major Bank Fails In Under A Month If once is happenstance, twice is coincidence, and three times is a full-blown collapse in the financial system, then Russia may be getting close. Just three weeks after Russia bailed out its largest and very politically connected private bank, Otkritie, after an […]
Fed’s Asset Bubbles Now At The Mercy Of The Rest Of The World’s Central Bankers
Fed’s Asset Bubbles Now At The Mercy Of The Rest Of The World’s Central Bankers “Like watching paint dry,” is how The Fed describes the beginning of the end of its experiment with massively inflating its balance sheet to save the world. As former fund manager Richard Breslow notes, however, Yellen’s decision today means the […]
Venezuela Bankrupt? Caracas Fails To Make Sept 15 Interest Payment
Venezuela Bankrupt? Caracas Fails To Make Sept 15 Interest Payment Exactly one week ago, we wrote that a “Venezuelan default is only a matter of time”. We said that “while debt servicing has been a government priority, declining external liquidity and a deteriorating domestic situation (three-digit hyperinflation, shortages, and a political crisis between the government […]
“We’ve Never Seen Anything Like This” – Maria Slams Puerto Rico With 9-Foot Storm Surge, 155Mph Winds
“We’ve Never Seen Anything Like This” – Maria Slams Puerto Rico With 9-Foot Storm Surge, 155Mph Winds Hurricane Maria made landfall near the city of Yabucoa, Puerto Rico, at around 6:15 am Wednesday, according to the National Hurricane Center, battering the densely populated eastern side of the island with torrential rains and 155 mph gusts […]
“We Are In A State Of Siege”: Spanish Police Arrest Top Catalan Officials In Referendum Raids
“We Are In A State Of Siege”: Spanish Police Arrest Top Catalan Officials In Referendum Raids Spanish police arrested top-ranking Catalan officials including the region’s junior economy minister Josep Maria Jove, as Madrid launched a crackdown on Catalonia over the upcoming Independence referendum Reuters reported. Jove, who is a senior member of the Republican Left […]
The Morning After: Mexican Earthquake Leaves Over 248 Dead, Millions Without Electricity
The Morning After: Mexican Earthquake Leaves Over 248 Dead, Millions Without Electricity Across central Mexico, rescue workers including soldiers and volunteers worked late into the night Tuesday to free the living who were still trapped in the rubble of collapsed buildings following Mexico’s deadliest earthquake in more than 30 years. The death toll from the […]
At Least 47 Dead, Many Trapped After Powerful Quake Rocks Mexico City
At Least 47 Dead, Many Trapped After Powerful Quake Rocks Mexico City Update 2 (4:38 pm ET): The governor of the Mexican state of Morelos said at least 42 people have died in the central Mexican state, which shares a border with Puebla, the state that contains Mexico City. Counting the five confirmed deaths in […]
Wikileaks Publishes “Spy Files Russia” Detailing Russia’s Mas
Wikileaks Publishes “Spy Files Russia” Detailing Russia’s Mass Surveillance System Perhaps in an attempt to refute recurring allegations that it has traditionally focused on exposing only US state secrets, if not being an outright covert and subversive Moscow front, today Wikileaks released a new cache of documents which it claims detail surveillance apparatus used by […]
“This Is Where The Next Financial Crisis Will Come From”
“This Is Where The Next Financial Crisis Will Come From” In an extensive, must-read report published on Monday by Deutsche Bank’s Jim Reid, the credit strategist unveiled an extensive analysis of the “Next Financial Crisis”, and specifically what may cause it, when it may happen, and how the world could respond assuming it still has […]
Hurricane Maria Causes “Widespread Devastation” In Dominica As It Races Toward Puerto Rico
Hurricane Maria Causes “Widespread Devastation” In Dominica As It Races Toward Puerto Rico In less than two days, Hurricane Maria has strengthened from a tropical storm to a powerful category five hurricane, dubbed in no uncertain terms as “catastrophic” by the NHC. Though it has been downgraded to a category 4 overnight, the storm made […]
Scientists Say Italian Supervolcano Is “Becoming More Dangerous” As Magma Builds Beneath It
Scientists Say Italian Supervolcano Is “Becoming More Dangerous” As Magma Builds Beneath It After the long-dormant supervolcano Campi Flegrei awakened late last year, a team of scientists that has pinpointed the now-active volcano’s magma source says a potentially devastating eruption could be just around the corner. Campi Flegrei is a volcanic caldera to the west […]
