Implode-O-Meter:
 
The Great Corporate Cash Shell Game
9/22/2017 7:00 PM
... the amount of bonds issued by these companies has surged, rising 66 percent from mid-2009 to $5.24 trillion of bonds outstanding as of the end of June, Federal Reserve data show. .. That isn"t necessarily a recipe for default because a large chunk of this is an exercise in financial engineering aimed at avoiding onerous taxes [by keeping earned...Read More
 
Stocks Will Get Crushed By New Treasury Issuance; End of QE
9/22/2017 7:00 PM
``While Treasury supply will increase, the trend of demand for Treasuries has been going the other way... The Federal Reserve has given the market extraordinary support over the past eight years by financing most new Treasury supply. Even after it stopped outright Quantitative Easing in November of 2014, the Fed continued to buy $25--$45 billion pe...Read More
 
Housing Affordability NEVER Worse...By a Long-Shot - M. Hanson
9/22/2017 7:00 PM
``But in "12, as trillions in unorthodox capital, credit & liquidity began to drive massive speculation (just like Bubble 1.0) income required to buy began to surge, with prices, shooting above median HH income (boxed in yellow). Meaningful sales growth with this affordability backdrop is impossible."...Read More
 
"Puerto Rico Back in the 18th Century" - Kunstler
9/22/2017 7:00 PM
``Puerto Rico already faced a crisis pre-Hurricane Maria, with its dodgy electric grid and crumbling infrastructure: roads, bridges, water and sewage systems. Bankruptcy put it in a poor position to issue new bonds for public works which are generally paid for with public borrowing. Who, exactly, would buy the new bonds? I hear readers whispering, ...Read More
 
Ivanka Trump To Be Questioned in Court Battle For Knocking-off $785 Sandals
9/22/2017 7:00 PM
Osorio, the co-founder and creative director of fashion label Aquazzura, calls the sandal one of his most iconic creations. Coveted by celebrities and fashion bloggers alike, these $785 suede numbers became a true "It" shoe since gaining traction in 2015. They helped catapult the designer and his label to international prominence. So when he discov...Read More
 
Uber only has itself to blame for London license loss
9/22/2017 7:00 PM
``How will we get home safety now, fretted others -- apparently untroubled by the fact that London"s Met Police had informed the regulator Uber was failing to report sex attacks by drivers on its platform. TfL cited Uber"s "approach to reporting serious criminal offenses" as a contributing factor to its decision to withdraw licensing. The deepest i...Read More
 
Trump travel ban to be replaced
9/22/2017 7:00 PM
The Trump administration will unveil more tailored restrictions on travelers from certain countries as a replacement to the controversial travel ban over the weekend, according to senior administration officials. The new restrictions will vary by country and could include a ban on travel to the United States, or new restrictions on obtaining a visa...Read More
 
Creating Test for Trump, Panel Says Imported Solar Gear Hurts U.S. Firms
9/22/2017 7:00 PM
A flood of imported solar equipment has seriously hurt American companies, the International Trade Commission ruled on Friday, setting up a major test of President Trump"s willingness to use the protectionist measures he endorsed during the campaign. The commission will now devise a course of action to recommend to Mr. Trump by Nov. 13. Its recomme...Read More
 
Why didn"t Equifax protect your data? Because corporations have all the power
9/21/2017 7:00 PM
``Instead of capitalism based on democratic principles of trade, it"s more of a feudal system: The land is owned by the banking class and anyone using it has to pay the owners. The "land," in this case, is the entire U.S. financial system of banking and credit, as banks and financial firms like Equifax have made themselves successful intermediaries...Read More
 
Feierstein: Entire Global Economy Now a Ponzi; New Crisis On Horizon
9/21/2017 7:00 PM
Stock markets today are at all time highs, housing markets globally have been artificially reflated and companies who have not ever made a penny of profit are being floated for eye-watering sums. When everybody is thinking the same thing, it is likely that no one is really thinking at all. Co-founder and presenter, Ross Ashcroft interviews investor...Read More