The Burning Platform On October 2 the BLS reported absolutely atrocious employment data, with virtually no job growth other than the phantom jobs added by the fantastically wrong Birth/Death adjustment for all those new businesses […]
The housing market peaked in 2005 and proceeded to crash over the next five years, with existing home sales falling 50%, new home sales falling 75%, and national home prices falling 30%. A funny thing […]
by John Rubino After borrowing — and largely wasting — $15 trillion during the Great Recession, China now looks like a typical decadent developed-world country, complete with slow growth, anemic consumer spending and unstable financial […]
By The Burning Platform “Imagine some national (and probably global) volcanic eruption, initially flowing along channels of distress that were created during the Unraveling era and further widened by the catalyst. Trying to foresee where […]
by John Rubino Three things happened this morning: The Labor Department reported a big jump employment; the financial markets responded like kids on Christmas morning; and — with a few hours lag — level-headed analysts […]
by Raúl Ilargi Meijer William Henry Jackson Tunnel 3, Tamasopo Canyon, San Luis Potosi, Mexico 1890 The entire formerly rich world is addicted to debt, and it is not capable of shaking that addiction. Not until the whole […]
Via The Burning Platform “Capitalism without financial failure is not capitalism at all, but a kind of socialism for the rich.” –James Grant, Grant’s Interest Rate Observer The Federal Reserve issued their fourth quarter Report on Household […]
The ECB’s €1.14 trillion move has been a slap in the face for the German establishment A German flag flies in front of the Bundesbank headquarters in Frankfurt. Photographer: Ralph Orlowski/Bloomberg By Derek Scally While […]
By The Burning Platform Ticking away the moments that make up a dull day You fritter and waste the hours in an offhand way. Kicking around on a piece of ground in your home town […]
by Chris Martenson The current bubbles in financial assets — in equities and bonds of all grades and quality — raging in every major market across the globe are no accident. They are a deliberate […]
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