"There is no possible way Gov. Pritzker can fulfill all of his spending promises, pay down billions in debt and still cut taxes for 97 percent of Illinoisans, as his proposal states."
"Artificial intelligence could be 'billions of times smarter' than humans and people may need to merge with computers to survive."
"Almost $80 billion has been pulled from developed markets while just over $18 billion has gone into emerging markets."
Returning to a gold standard is the only way that nations can contain the costs of servicing debt and try to minimize financial damage. Alasdair explains...
The DX climbed further, however, and took out the 97.71 high from December to make a 21 month high at 97.72 as the common currency continuing to plummet ($1.1176). Despite the dollar strength, gold was $1,285 bid at 4PM with a loss of $2.
Discounted Market Manipulation offerings for various governments and their central bank partners is hiding in plain sight for those willing to look. Ongoing fiat currency issuances and record debt levels denominated in them, […]
"The eurozone economy has left its ‘normal’ growth path following the global financial crisis and has dipped into ‘Japanification-territory,’ which Japan has not left for a quarter century.”
It's safe to assume we won't be seeing the Oracle of Omaha relocating to Illinois or New Jersey anytime soon. "They will come after corporations, they'll come after individuals. They're going to have to raise a lot of money.”
"Deflation is when everything stops; Dante’s Hell was freezing cold. It doesn’t have to be all at once like in the early thirties, this can be a prolonged affair dragging out across more years than anyone cares to remember."
Which is universally rejected. "European Union governments unanimously rejected the list, criticizing officials in Brussels for drawing up the document in a flawed manner."
"On Wall Street, there’s only a single analyst covering DB that has a 'buy' rating. The other 31 are summoning the bear. In a year, the bank’s shares have lost 42 percent."
Payless ShoeSource, Gymboree, Family Dollar, Shopko, Chico's, The Gap, Performance Bicycle, Charlotte Russe, Sears, Destination Maternity, Victoria's Secret, Kmart, Abercrombie & Fitch, JCPenney...
...Nordea, Swedbank, ABN Amro, Rabobank... Because given the choice between lower profits and outright criminality, we all know which one the big banks tend to choose.
“Maybe the risk here is that you’re actually in a situation where you should be paying attention to these charts and these consumers loans.”
Peter Schiff has been talking a lot about the prospects of a trade deal lately. His point: an end to the trade war isn't going to heal America's economic wounds. And those wounds? Well, they're self-inflicted.Peter appeared on RT again on Monday (March 4) to hammer home this point.
Harvey Organ says the crooks are desperate, and big things have happened in silver for the 4th consecutive day. Here are the details...
What else can you call a "test" of US banks' fiscal soundness they can no longer fail for any level of operational or risk mismanagement, no matter how brazen or dangerous?
"The larger the global corporate debt bubble grows, the more malinvestments will accumulate, which will result in an even more powerful bust in the end."
"Instead of relocating its office or opening a new one in the Bay Area, the firm decided to have lawyers commute on a nine-seat, $3 million jet. It was, remarkably, the cost-effective decision."
The housing numbers coming out of Vancouver are so grisly they're difficult to believe. The stunning 32.8% drop in Y-o-Y sales is a full 42.5% below the city's 10-year average.