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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. […]
St Louis Fed Discloses More Free Money: A Carry Trade in Liquidity
St Louis Fed Discloses More Free Money: A Carry Trade in Liquidity Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that. The Federal Reserve Bank of St. Louis discusses the Carry Trade in Liquidity. The IOER [interest on excess reserves] has been the […]
Inevitable De-Industrialisation of Europe
Inevitable De-Industrialisation of Europe EU ministers agreed to binding cuts in CO2 emissions of 35% by 2030. The German auto industry won’t be able to deliver. The Telegraph reports Berlin court orders German capital to ban most diesel vehicles on 11 major roads to counter pollution. Hamburg was first in May. Stuttgart, home of Mercedes […]
Catastrophic Destruction by Michael, Millions Without Power, Towns Destroyed
Catastrophic Destruction by Michael, Millions Without Power, Towns Destroyed Hurricane Michael destroyed entire towns. The electric grid won’t need to be restored, it will need to be rebuilt. ✔ · Oct 11, 2018 #Florida primer on this thread just so those outside state understand a little bit about NW part of the state. It is […]
IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming
IMF Warns About Emerging Markets: Hello “Always Late” IMF, Global Crisis Coming The IMF is finally warning that there may be an emerging market crisis. Hello IMF, it’s already here. Look ahead. The IMF is perpetually late in its forecasts. Here’s the latest hoot: IMF Warns of Possible Emerging-Markets Crisis. A new study by the […]
