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Bank of Canada says housing, debt threaten financial system
Bank of Canada says housing, debt threaten financial system Central bank releases financial system review that focuses on small group of highly indebted people Bank of Canada governor Stephen Poloz told a news conference on Tuesday that the bank is watching a small group of Canadian households that are highly indebted. (CBC) Household indebtedness and […]
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe
58 Facts About The U.S. Economy From 2015 That Are Almost Too Crazy To Believe The world didn’t completely fall apart in 2015, but it is undeniable that an immense amount of damage was done to the U.S. economy. This year the middle class continued to deteriorate, more Americans than ever found themselves living in […]
Egypt budget and current account deficits – can Saudi Arabia bail out Cairo?
Egypt budget and current account deficits – can Saudi Arabia bail out Cairo? Arab News reports: KSA pledges SR 30bn Egypt aid 17/12/2015 “JEDDAH: Custodian of the Two Holy Mosques King Salman has ordered that Saudi Arabia’s aid and investment package to Egypt should be increased to SR30 billion (US$ 8 bn) in the next […]
37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families
37 Facts About How Cruel This Economy Has Been To Millions Of Desperate American Families Have you ever laid in bed awake at night with a knot in your stomach because you didn’t know how your family was possibly going to make it through the next month financially? Have you ever felt the desperation of […]
The Keynesian Recovery Meme Is About To Get Mugged, Part 1
The Keynesian Recovery Meme Is About To Get Mugged, Part 1 Yellen said at least one thing of importance last week, but not in a good way. She confessed to the frightening truth that the FOMC formulates its policies and actions based on forecasts of future economic developments. My point is not simply that our monetary politburo couldn’t […]
On the 19th day of Christmas…
On the 19th day of Christmas… With all the action in Syria, the Ukraine is no longer a subject for discussion in the West. In Russia, where the Ukraine is still a major problem looming on the horizon, and where some 1.5 million Ukrainian refugees are settling in, with no intentions of going back to […]
Dan Amerman: Financial Repression & The New Interest Rate Hike
Dan Amerman: Financial Repression & The New Interest Rate Hike You have to understand one to make sense of the other Financial repression authority Daniel Amerman returns this week to discuss the ramifications of the Federal Reserve’s first interest rate hike in nearly a decade: The key to understand the situation here is that this is […]
Japan still leads the way towards our endgame
Japan still leads the way towards our endgame Successful investors live by a golden rule: what the mainstream financial media talks about is not important. They focus on what they don’t hear instead. So forget about Yellen for a second. Let go of Draghi, oil, the South African rand and Syria. That’s all in the now. But investing […]
Carnage in US Natural Gas as Price Falls off the Chart
Carnage in US Natural Gas as Price Falls off the Chart All eyes are on Chesapeake. The price of natural gas in the US has gotten completely destroyed. The process started in July 2008, at over $13 per million Btu and continues through today, at $1.77 per million Btu. In between, natural gas traded at […]
Romanian Private Debt Crisis Erupting
Romanian Private Debt Crisis Erupting COMMENT: Dear Mr. Armstrong, What you wrote concerning the possible repeated start of the banks collapse from Austria, once again, is right. The biggest lenders in Romania are some Austrian banks, among some Greek ones which are already in a coma. A new law has been passed and violent attack started […]
The IMF Changes its Rules to Isolate China and Russia
The IMF Changes its Rules to Isolate China and Russia The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement […]
Big Banks Caught Using Credit Default Swaps To Destroy Nations
Big Banks Caught Using Credit Default Swaps To Destroy Nations At the beginning of 2010, readers were presented with what was (at the time) merely a theory. The Big Bank crime syndicate was engaged in the serial manipulation of credit default swaps, in order to (among other things) destroy the economies of entire nations. It’s one of […]
The Great Greek Bank Robbery
The Great Greek Bank Robbery ATHENS – Since 2008, bank bailouts have entailed a significant transfer of private losses to taxpayers in Europe and the United States. The latest Greek bank bailout constitutes a cautionary tale about how politics – in this case, Europe’s – is geared toward maximizing public losses for questionable private benefits. […]
U.S. interest rate hike will be tough medicine for indebted Canada
U.S. interest rate hike will be tough medicine for indebted Canada America has had its housing market ‘correction,’ ours is yet to come Federal Reserve Chair Janet Yellen at the Economics Club of Washington earlier this month. She is widely expected to raise the Feds main interest rate today, for the first time in nine […]
