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Category Archives: Financial
Big cut in fourth-quarter GDP growth looms
The U.S. government is set to slash its estimate of fourth-quarter growth as exports and restocking by businesses were less robust than previously thought, leaving the economy on a more familiar path of modest expansion. Gross domestic product growth will probably be … Continue reading
China Currency Plunges Most In Over 5 Years, Biggest Weekly Loss Ever: Yuan Carry Traders Crushed
And just like that the Chinese yuan devaluation has shifted away from the merely “orderly.” In the past few hours of trading, China, which as we reported two days ago has started intervening aggressively in the Yuan market (for the … Continue reading
Frank Roche Harnett County Town Hall Feb 26, 2014 – Q&A: U.S. Dollar
httpv://www.youtube.com/watch?v=IK0467BWeBs
Posted in Editorial, Elections, Financial
Tagged Frank Roche
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Chinese Trust Firm Places Shadow Banking Back In Spotlight
Disaster has apparently been averted in what some referred as a potential precedent setting delinquency in China. China Credit Trust Ltd. loaned funds from the trust, known as “2010 China Credit/Credit Equals Gold #1 Collective Trust Product,” to a coal … Continue reading
Posted in Editorial, Financial
Tagged China, Shadow Banking
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Mortgage Applications Plunge Most In 3 Months; “Purchases” Collapse To 19 Year Lows
Despite the surge in “seasonally-adjusted new home sales”, un-seasonally-adjusted mortgage applications tumbled 8.5% this week, the biggest drop in 3 months as the modest January bounce has been almost entirely unwound. This pushes the broad MBA mortgage applications index down to near … Continue reading
Presenting the #1 financial haven for dictators and criminals
by Simon Black Pop quiz: When really nasty criminals and dictators want to hide their illicit gains, which country do they go to? I’ll make this easy for you– multiple choice: a) Switzerland b) British Virgin Islands c) Hong Kong … Continue reading
Posted in Editorial, Financial
Tagged Simon Black, Sovereign Man
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Devaluing the Mediterranean to Third World Status
httpv://www.youtube.com/watch?v=OFAtUQAGZrw
Posted in Editorial, Financial
Tagged Nigel Farage
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JPMorgan To Fire Thousands
Following last year’s realization that mortgage origination as a product line is effectively dead (which has forced such origination dependent banks as Wells Fargo to return to subprime lending in hopes of keeping the revenue stream alive, knowing full well how it … Continue reading
There Is No Free Lunch!
httpv://www.youtube.com/watch?v=VEWTPmMwgck From YouTube: Why is it that some people think that if they “need” something, they can simply steal from you? One of the things that we hear all the time from those defending Obamacare is that it is perfectly … Continue reading
Rick Santelli Summarizes The Problem: “It’s The Government”
httpv://www.youtube.com/watch?v=aqC5U-D0_RE More…
Posted in Editorial, Financial
Tagged Rick Santelli
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California Is Turning Orchards into Wood Chips
httpv://www.youtube.com/watch?v=AqZoQyLzC0k#t=1s
10 Stories From The Cold, Hard Streets Of America That Will Break Your Heart
By Michael Snyder If the economy is really “getting better”, then why have millions upon millions of formerly middle class Americans been pushed to the point of utter despair? The stories that you are about to read are absolutely heartbreaking. … Continue reading
US Navy SEALs On Power Grid Attack: ‘A Carbon Copy’ of How We Would Do It
by Mac Slavo The threat of a breakdown of our national power infrastructure has been a growing concern for the last decade. With the invention of “Super EMP” electro-magnetic pulse weapons, the possibility of Carrington-class solar flares, and the potential for cyber attackers … Continue reading
Walmart Misses Revenues, Guides Below Consensus, Blames Fewer Government Handouts, Healthcare Costs, FX
In what has become a quarterly tradition, Wal-Mart once again swung and missed, largely as expected – after all it snowed in the quarter. Just kidding. While the WMT bottom line was more or less in line, with Adjusted EPS … Continue reading
Balanced Budget Amendments (BBA) Gut Our Constitution And Don’t Reduce Spending
By Publius Huldah Q: Doesn’t our Constitution already provide for controlling federal spending? A: Yes. It lists the purposes for which Congress may spend money. Spending is limited by the “enumerated powers” listed in the Constitution: If it’s on the list of powers delegated … Continue reading