Peter Pan Is Dead – Japanese Economy Stalls For 6th Time In 6 Years
We just cannot wait for the next time either Abe or Kuroda utter the following string of words “ is having the desired effect.” For the sixth time in the…
In Milestone, Iran Ships First Oil To Europe Since Sanctions Lifted
In case you haven’t noticed, Iran is on a roll. Much to the chagrin of Israel and any number of GOP lawmakers in the US, the nuclear accord is a…
A Contagious Crisis Of Confidence In Corporate Credit
Excerpted from Doug Noland’s Credit Bubble Bulletin, Credit is not innately good or bad. Simplistically, productive Credit is constructive, while non-productive Credit is inevitably problematic. This crucial distinction tends to…
Who Said It 13 Years Ago?: “Mr. Greenspan, You Are Way Out Of Touch”
As you might have noticed, Bernie Sanders isn’t exactly enamored with the growing divide between the rich and the poor in America. In fact, the firebrand senator from Vermont hates…
How The Clintons Enabled The 2008 Economic Crisis And Financial Coup d’Etat
Submitted by Jesse via Jesse’s Cafe Americain blog, “The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist…
PBOC Strengthens Yuan Most In 3 Months As China Stocks Tumble After Holiday
With China returning from the Spring Golden Week holiday, it is catch-up time for the Yuan (notably higher against a weakening USD) and Chinese stocks (significantly lower – though not…
When Trust Is Bust – All The Charts You Can Eat
In his inimitable manner, Abraham Gulowitz unleashes 18 new pages of “all the charts you can eat” to expose the ugly reality of what is going on everywhere. Trust Busters……
China Exports Crash Most In 6 Months Despite “Devalued” Yuan
Despite the weakening of the Yuan, China exports collapses 6.6% YoY in January (massively missing the 3.6% increase expected). Imports continued their 15 month series of collapses with a 14.4%…
Washington’s Dismal Comedy Of Terrors – When In Doubt Bomb Syria
Submitted by Jeffrey St.Clair via Counterpunch.org, Poor ISIS. Try as they might, the men in black still can’t out-terrorize their enemies or, more pointedly, even their patrons. For the past…
Kachikwu Just Admitted OPEC’s Plans Are Not Working
Minister for State for Petroleum, Ibe Kachikwu is obviously one man under pressure. He has been trying to midwife an emergency meeting between OPEC members like Venezuela and Angola who…