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“A Daisy Chain Of Defaults”: How Debt Cross-Guarantees Could Spark China’s Next Crisis
“A Daisy Chain Of Defaults”: How Debt Cross-Guarantees Could Spark China’s Next Crisis On November 8, China shocked markets with its latest targeted stimulus in the form of an “unprecedented” lending directive ordering large banks to issue loans to private companies to at least one-third of new corporate lending. The announcement sparked a new round […]
Operation Temperer Exposed: UK Army’s Secret Plan For Martial Law If ‘No Deal’ Brexit
Operation Temperer Exposed: UK Army’s Secret Plan For Martial Law If ‘No Deal’ Brexit The first time we heard about the British government’s “Operation Temperer” was shortly after the dreadful terrorist explosion in Manchester in June 2017, when Prime Minister Theresa May declared “enough is enough”, and demanded a review of the UK’s counter-terrorism strategy. […]
“It Will Be A Cold War”: APEC Summit Ends In Unprecedented Chaos After Dramatic US-China Showdown
“It Will Be A Cold War”: APEC Summit Ends In Unprecedented Chaos After Dramatic US-China Showdown One day after vice president Mike Pence and China’s president Xi Jinping clashed after exchanging sharply worded barbs in a showdown between the two superpowers, on Sunday the annual Asia-Pacific Economic Cooperation summit ended in unprecedented chaos and disarray, […]
60% Of Italians Think EU Is Bad For Italy
60% Of Italians Think EU Is Bad For Italy If the European Commission does levy billions of fines against the Italian government (or enforce some other punishment), some “60 million Italians will rise up” against the trade bloc – or at least that’s what a clearly frustrated Deputy Prime Minister Matteo Salvini told a group […]
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High
US Household Debt Hits Record $13.5 Trillion As Delinquencies Hit 6 Year High Total household debt hit a new record high, rising by $219 billion (1.6%) to $13.512 trillion in Q3 of 2018, according to the NY Fed’s latest household debt report, the biggest jump since 2016. It was also the 17th consecutive quarter with […]
To One Bank, This Is The Flashing Red Warning That A Crash Is Dead Ahead
To One Bank, This Is The Flashing Red Warning That A Crash Is Dead Ahead For much of 2018, the prevailing market theme was the one Morgan Stanley dubbed “rolling bear markets” when any time a given asset was hit, whether emerging markets, Italian bonds, or tech stocks, money would simply rotate from one place […]
California’s Deadliest Fire Now Blocking Sun; Temps Drop By 10 Degrees As “Hazardous” Air Chokes Residents
California’s Deadliest Fire Now Blocking Sun; Temps Drop By 10 Degrees As “Hazardous” Air Chokes Residents California’s deadliest fire in state history has generated so much smoke that it’s blotting out the sun – which has caused surface temperatures to drop by as much as 10 degrees Farenheit, according to the US National Weather Service. The smoke from the […]
‘Mini Ice Age’ Looms As NASA Scientist Warns Lack Of Sunspots Could Bring Record Cold
‘Mini Ice Age’ Looms As NASA Scientist Warns Lack Of Sunspots Could Bring Record Cold “The sun is entering one of the deepest Solar Minima of the Space Age,” wrote Dr. Tony Phillips just six weeks ago, on September 27, 2018. The lack of sunspots on our sun could bring about record cold temperatures, and perhaps […]
Ebola Outbreak “Worst In Congo’s History” As Hundreds Dead; Risk Of Spread To Uganda “Very High”
Ebola Outbreak “Worst In Congo’s History” As Hundreds Dead; Risk Of Spread To Uganda “Very High” The most recent Ebola outbreak spreading through the Democratic Republic of Congo is now the worst in the country’s history, with 209 dead and 333 confirmed or probable cases, according to the DRC’s health ministry. According to The Express, efforts to contain […]
SoCal Fire May Have Ejected “Incredibly Dangerous” Radioactive Particles Into The Atmosphere
SoCal Fire May Have Ejected “Incredibly Dangerous” Radioactive Particles Into The Atmosphere The 95,000 acre Woolsey fire which has coated Southern California with an apocalyptic orange glow may have released a toxic stew of radioactive particles and toxic chemicals into the air, after scorching the land on closed-down government weapons testing facility in Simi Hills known to […]
Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels
Oil Rallies On Report OPEC+ Will Do “Whatever It Takes”, May Cut By 1.4MM Barrels One day after Saudi Arabia revealed that it had not complied with its production quota in October for the first time since OPEC’s November 2016 meeting in Vienna, Reuters sent oil prices into the green with a report that OPEC […]
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms With stocks in Europe attempting a modest relief rally after yesterday’s sharp selloff, traders remain on edge over political developments as today is the deadline for Italy’s cabinet to resubmit their budget proposal after the EC requested a new fiscal plan. Virtually nobody expects any material changes, […]
Israeli Tanks Prepare Imminent Gaza Offensive After “Green Light” For “Major Retaliation”
Israeli Tanks Prepare Imminent Gaza Offensive After “Green Light” For “Major Retaliation” Commenting on Monday’s flare-up of rocket fire after a prior Israeli commando raid into Gaza territory to assassinate Hamas leaders, the Jerusalem Post observed that Hamas’ retaliation included “the most amount of rockets ever fired into Israel in 24 hours.” Various international reports […]
Napoleon Reborn: We Need A “European Empire” To Challenge US And China, French Minister Says
Napoleon Reborn: We Need A “European Empire” To Challenge US And China, French Minister Says As increasingly unpopular French President Emmanuel Macron’s calls for creating a “Real European Army” have been met with ridicule from President Trump, who has insisted that Macron should first try meeting France’s NATO commitments… President Macron of France has just […]
For The First Time Ever, Bank Of Japan Total Assets Surpass Japan’s GDP
For The First Time Ever, Bank Of Japan Total Assets Surpass Japan’s GDP For the first time in history, a central bank has managed to print enough money to buy enough assets to surpass the nation’s annual GDP. Under the watchful eye of Kuroda, and the overseeing (but independent) hand of Abe, The Bank of […]
