Yes, It Is Watergate 2.0—– FBI Sources Say Clinton Foundation Case Moving Towards “Likely an Indictment”
Fox News Channel’s Bret Baier reports the latest news about the Clinton Foundation investigation from two sources inside the FBI. He reveals five important new pieces of information in these two short clips:
Zero Rate Policy: History’s Biggest Ponzi Scheme
Central bankers around the globe have cut interest rates almost 700 times since Lehman Brothers’ collapse. That’s not a typo. Outside of some impressive stock market returns between 2009 and 2014 (if you actually bought and sold during that period), the world has little to show for it. The global economy continues to slow. You can almost smell the central bank desperation. For decades, there has been a dogmatic belief system which says easy money is the panacea for faltering economic growth. It’s starting to come apart at the seams. Blind faith in central planner prowess is being exposed for what it really is—arguably the largest Ponzi scheme in world history. This is one of the main reasons why I’ve been a buyer of gold and have recommended it to my firm’s customers.
Trouble At The Top: Luxury Housing Market Is Hitting An Air Pocket
“The super high-end homes are particularly out of sync with the rest of the market and seem to be bending toward a price correction given the tepid sales growth and double-digit pop in inventory at price points over $5 million.”
Where Do We Begin? No More Central Bank “Targets”!
An actual money market, however, does because of the truth of Adam Smith hidden within the underpants gnome schematic. From a broad, decentralized base, solutions can be found, determined and implemented even if we don’t know how or where they come from (think quasi-money that from time to time appears when money is short and central banks show again their vast limitations). From a narrow, centralized base, if it doesn’t work there aren’t any solutions; 2008 showed there aren’t even any other ideas. In whatever comes next, it should be free of any targets, whether interest rates, inflation, commodity prices, or, the worst, least-defined (in terms of all the “how’s”) idea of them all – NGDP targeting.
The $50 Trillion Cash On The Sidelines Whopper
There is no conundrum. Nor is there any such thing as “sideline cash”. Someone has to hold every penny printed into existence, at every point in time until reverse repos drain the cash.
Europe Getting Antsy About Trump——Stocks Down 8 Straight Days
European shares fell for an eighth day, following a global selloff amid growing nervousness as polls indicated a tightening race between Hillary Clinton and Donald Trump for the U.S. presidency
Another Recession Warning Sign—-Ratio of Household Net Worth To Disposable Income At Pre-Crisis High
…. Deutsche Bank AG’s chief economist Joseph LaVorgna sounds the alarm on financial excesses. Specifically, a negative feedback loop from financial markets to the real economy could push the U.S. into recession, he says. He cites the ratio of U.S. household net worth to disposable personal income, which is now close an all-time record high, indicating net worth is growing faster than expendable earnings. The elevated level underscores how rampant post-crisis asset-price inflation has flattered the purchasing power of the average Joe — and the corresponding risk that a downturn in the stock market crimps U.S. consumption, with the latter in inflation-adjusted terms already weak relative to history.
Front-Running The Central Banks—-How The Fast Money Does It
A small New York hedge fund has generated double digit investment returns this year as it targets distortions in government debt markets caused by central bank bond buying. Haidar Capital, a $300m fund, has been employing a highly leveraged trading strategy to take bets in advance on bonds that it believes the European Central Bank and Bank of England intends to buy.
The Other Presidential Gong Show—–South Korean Corruption Scandal Spiraling Out Of Control
South Korean President Park Geun-Hye, under fire in what critics are calling the nation’s biggest-ever political scandal, seems to be digging herself into a deeper hole. The President replaced her prime minister, finance minister and public safety minister on Wednesday in an attempt to contain public anger over a spiraling corruption scandal that has hit the ruling Saenuri party. But the surprise cabinet reshuffle may do more harm than good.
Why We Should Worry About Deutsche Bank
For months, rumors about Deutsche Bank have circulated in European financial markets and political circles. How weak is it? Would it need to be rescued by the German government? At best, Deutsche Bank’s failure would be a blow to confidence and squeeze credit availability in Germany and elsewhere. At worst, Deutsche’s failure would cause a global recession.