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Promise Delivered: Macron Promised a Revolution, He Got One, Against Himself
Promise Delivered: Macron Promised a Revolution, He Got One, Against Himself Hundreds were arrested and fires burn as the ‘gilets jaunes’ (yellow vests) protest movement against Macron escalates. It’s rare for politicians to deliver on campaign promises. But French president Emmanuel Macron did. He promised a revolution, and got one. Unfortunately for Macron, the revolt […]
Competing Mortgage Headlines: Rates Barely Move vs Rates Surge Lower on Powell
Competing Mortgage Headlines: Rates Barely Move vs Rates Surge Lower on Powell Freddie Mac says “mortgage rates barely move” but Mortgage News Daily says “rates surge lower” Mortgage News Daily and Freddie Mac offer conflicting reports on the bond market reaction Jerome Powell’s speech yesterday. Mortgage News Daily says Mortgage Rates Surge Lower Mortgage rates […]
European Gas Stations Out of Diesel: French Refinery Strike Deepens Crisis
European Gas Stations Out of Diesel: French Refinery Strike Deepens Crisis Diesel is in short supply in Europe. The situation is about to worsen as the biggest French refinery is shutting down. Bloomberg reports Europe’s Diesel Woes Deepen as Strike Halts French Oil Refinery. Total SA, France’s biggest refiner, is in the process of shutting its […]
Seriously Crazy Idea: Trump Proposes US State-Run News Agency
Seriously Crazy Idea: Trump Proposes US State-Run News Agency Trump is blasting CNN again today. OK, but his alleged “solution” is seriously crazy. Here are some counter-Tweets that I agree with: oat on Twitter “@realDonaldTrump Holy Christ. You’re advocating for a state-run press. This is possibly the most dangerous idea you’ve floated. And… twitter.com Claude […]
Diesel Protests in France Turn Violent
Diesel Protests in France Turn Violent Emmanuel Macron blames Marine Le Pen for French protests that turned violent. She wasn’t there. People from across France came to Paris to let the president know how they feel about the taxes in general and the tax on diesel. Police Use Tear Gas as Thousands in Paris Defy […]
Anti-Carbon Revolt: Massive Road Blocks Against Macron’s Diesel Tax
Anti-Carbon Revolt: Massive Road Blocks Against Macron’s Diesel Tax In stunning irony, the French protest against Macron’s diesel tax, while Macron insists the UK abide by climate accord. Please consider France’s Climate Change Commitments Trigger Rising Diesel Prices and Street Protests. On Saturday, more than 282,700 people, many clad in yellow vests, took to — […]
Crude Down Record 11th Day
Crude Down Record 11th Day Crude is down 22% since the early October high. Comments from Trump negated expectations that OPEC would cut production. Please consider Oil Falls in Longest Losing Streak on Record. Oil prices notched their longest losing streak on record Monday, as comments from President Trump negated expectations that the global oil […]
How Italy Leaves the Eurozone, Step by Step
How Italy Leaves the Eurozone, Step by Step Earlier today, Italy told the EU where to go with it budget demands. Expect the EU to huff and puff. The EU demands Italy do something about its buildup of debt. In response, Italy dismisses ‘implausible’ EU forecasts, says budget is sound. “There are no grounds for […]
26 Experts Weigh in On How and When the Next Financial Crisis Will Happen
26 Experts Weigh in On How and When the Next Financial Crisis Will Happen Focus Economics solicited opinions from 26 economic writers on the next financial crisis. I was one of them. Looking for opinions on the next financial crisis? FocusEconomics asked 26 people How and When Will the Next Financial Crisis Happen? Here’s a […]
Brutally Honest: Facebook Removes then Restores Images from Yemen
Brutally Honest: Facebook Removes then Restores Images from Yemen A couple of questions describe the problem with censorship: Who controls the censors? What biases do they have? Please consider Photo of a Starving Girl in Yemen Prompts Facebook to Remove Posts of Article. For a few hours after The New York Times published an article […]
Eight Reasons a Financial Crisis is Coming
Eight Reasons a Financial Crisis is Coming It’s been about 10 years since the last financial crisis. FocusEconomics wants to know if another one is due. The short answer is yes. In the last 10 years not a single fundamental economic flaw has been fixed in the US, Europe, Japan, or China. The Fed was […]
Warning! Civilization at Risk, Crisis by 2040 (And Other Nonsensical Climate BS)
Warning! Civilization at Risk, Crisis by 2040 (And Other Nonsensical Climate BS) The amount of climate scaremongering in the past few weeks is stunning. And it’s all pure bullshit. Check out these headlines. Wall Street Journal: U.N. Panel Warns Drastic Action Needed to Stave Off Climate Change New York Times: Major Climate Report Describes a […]
Italy Openly Defiant of Eurozone Stability Pact, Deliberately and Knowingly
Italy Openly Defiant of Eurozone Stability Pact, Deliberately and Knowingly Eurozone officials and the ECB are in a quandary over Italy’s deliberate defiance of budget rules. There is a fundamental irony in Italy’s open defiance of Eurozone stability rules. Both France and Germany did the same in 2003. Eurointelligence reports Italy Formulates First Fundamental Challenge […]
“Ultra-FICO” to Boost Credit Scores Giving Millions More Access to Credit
“Ultra-FICO” to Boost Credit Scores Giving Millions More Access to Credit Just in the nick of time not: Fair Isaac is launching a new type of credit score that will give millions more credit. Just as the economy is peaking, consumers with a low FICO could get a higher “UltraFICO“, a new score that factors […]
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now!
“One Size Fits Germany” Math Impossibility, Get Your Money Out of Italy Now! Italy, on the Euro, has a currency that is 9% too high. Germany, on the Euro, has a currency that is 11% too low. There was much discussion yesterday about the US Treasury report that determined China was not a currency manipulator. […]
