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Wheelchair-Bound Yellow-Vest Pepper-Sprayed By French Cops; Another Man Shot In Face
Wheelchair-Bound Yellow-Vest Pepper-Sprayed By French Cops; Another Man Shot In Face As the Yellow Vest protests rage across France for the 16th straight week, shocking footage has emerged of police brutality. Apparently a Friday call for calm by President Emmanuel Macron doesn’t apply to police. In one clip, a French policeman appears to blast a wheelchair-bound man in the face […]
Soaring Canadian Insolvencies Cripple Local Banks
Soaring Canadian Insolvencies Cripple Local Banks Banks in Canada are starting to feel the pain of deteriorating credit quality, just weeks after we reported that insolvency filings had skyrocketed in almost all Canadian provinces. Toronto-Dominion Bank and Canadian Imperial Bank of Canada both just posted ugly first quarter results that included higher provisions for loan losses as a key contributor […]
Winter Storm: Northeast Braces For Next Round Of Harsh Weather This Weekend
Winter Storm: Northeast Braces For Next Round Of Harsh Weather This Weekend Just when Zerohedge readers thought it was time for spring, old man winter has a few more tricks up his sleeve. New weather models show several storms will affect the Northeast over the weekend. The storm system that brought severe weather from California to the Midwest is beginning […]
Canada In Recession? GDP Unexpectedly Drops For 2nd Month In A Row
Canada In Recession? GDP Unexpectedly Drops For 2nd Month In A Row Canadian GDP just contracted for the second month in a row, leaving the headline Canada GDP up just 0.4% SAAR in 4Q, according to Statistics Canada (dramatically below the estimate of +1.0%). The headline quarterly change misses even lowest of economist estimates. And on a […]
Will Trudeau Resign After Former AG’s Explosive Testimony?
Will Trudeau Resign After Former AG’s Explosive Testimony? During a day where three concurrent Congressional hearings dominated the news cycle in the US, the testimony of Canada’s former Attorney General seemed to slip under the radar. But unlike Michael Cohen’s star turn in front of the House Oversight Committee, what former AG Jody Wilson-Raybould shared […]
“This Is Unprecedented Territory” – Pakistan Shoots Down 2 Indian Fighter Jets In Dramatic Border Conflict Escalation
“This Is Unprecedented Territory” – Pakistan Shoots Down 2 Indian Fighter Jets In Dramatic Border Conflict Escalation Update and recap: After some initial confusion and conflicting statements about the number of aircraft involved in Wednesday’s hostilities, Bloomberg has produced this roundup of remarks from both sides that helps to clear things up. Indian and Pakistani fighter jets engaged each […]
India’s Military On High Alert, Stands Ready For “Possible Retaliatory Action” From Pakistan
India’s Military On High Alert, Stands Ready For “Possible Retaliatory Action” From Pakistan Pakistan Prime Minister Imran Khan’s response to Tuesday’s dramatic escalation with nuclear armed rival India was to direct his armed forces and the public to “remain prepared for all eventualities.” This after Pakistani officials confirmed that Indian fighter jets dropped “four bombs” in its sovereign territory while […]
Former Federal Prosecutor: “We Are In A Civil War… I Buy Guns”
Former Federal Prosecutor: “We Are In A Civil War… I Buy Guns” Former federal prosecutor Joe diGenova says civil discourse is over in America, and recommends voting and buying guns because “we are in a civil war.” Speaking with Laura Ingraham on her podcast, diGenova noted that the “all liberal” media has given a pass to […]
India Bombs Pakistan, Targeting Terrorist Camps In Cross-Border Air Raids; Pakistan Vows Retaliation
India Bombs Pakistan, Targeting Terrorist Camps In Cross-Border Air Raids; Pakistan Vows Retaliation With most of the world distracted by President Trump’s second summit meeting with Kim Jong Un in Hanoi, tensions between two nuclear-armed powers flared roughly 2,000 miles West in the contested border region of Kashmir. In retaliation for one of the deadliest […]
12 Empty Supertankers Tell Us Everything We Need To Know About The Oil Market
12 Empty Supertankers Tell Us Everything We Need To Know About The Oil Market As the US battles with its OPEC+ rivals over the direction of global oil prices (Trump wants to keep oil prices subdued, while Saudi Arabia and Russia, reeling from years of prices too low to balance their budgets, are desperately hoping […]
US Cities Face “Moment Of Reckoning” As China Halts Trash Imports
US Cities Face “Moment Of Reckoning” As China Halts Trash Imports In the Trump era, the American garbage business is changing in ways that Tony Soprano never could have anticipated. And it’s creating serious problems for American cities, who might soon find themselves with nowhere to turn to export their trash and recyclables (most of […]
Blain: It Feels Like A Liquidity Storm Is Coming Soon
Blain: It Feels Like A Liquidity Storm Is Coming Soon I note with some delight Bernie Sanders plans to stand for US President. One of my US chums sent me the story of the Half-a-Bernie sign propped up against a wall. Someone had cut it neatly in two and left the wooden handle affixed to […]
Bill Dudley Slams MMT: “It Failed In Germany, Venezuela And Zimbabwe”
Bill Dudley Slams MMT: “It Failed In Germany, Venezuela And Zimbabwe” While there has been much disagreement among the financial elite about the ultimate consequences of central bank activism and market manipulation, with some – usually those who do not manage money for a living and are not paid by investors – predicting fire and […]
Russians Told To “Prepare For Worst Outcome” As US Prepares New Sanctions
Russians Told To “Prepare For Worst Outcome” As US Prepares New Sanctions A bipartisan team of US senators is preparing to hit Russia with additional sanctions over its 2016 US election interference and military operations in Syria and Ukraine. Sens. Bob Menendez (D-N.J.) and Lindsey Graham (R-S.C.) are spearheading the measure, called the Defending American Security from Kremlin Aggression Act, which includes a wide range of financial […]
Here Comes The Shanghai Accord 2.0: China Unleashes Gargantuan Credit Injection To Start 2019
Here Comes The Shanghai Accord 2.0: China Unleashes Gargantuan Credit Injection To Start 2019 One month ago, we pointed out a curious shift in the official language out of China’s central bank: in late December, when traders were generally away on vacation, the PBOC indicated a critical shift in the official monetary policy description at the December […]
