CHARLES HUGH SMITH The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality. The Keynesian gods have failed, and as a result we’re in the eye of a […]
by Tyler Durden Previously we documented that as a result of the still low oil prices, largely a result of Saudi Arabian strategy to put high cost producers out of business and to remove excess […]
by Raúl Ilargi Meijer This is an article by our friend Steve Keen, which was yanked by Forbes yesterday after just a few hours due to, according to Steve, their ‘parody policy’. I did some […]
MONTY GUILD WITH TONY DANAHER Around the world, a change that has been slowly gathering momentum seems to be accelerating: everywhere we look, we see the public revelation of political and economic corruption. Corruption… A […]
Submitted by Tyler Durden Two former Deutsche Bank corporate brokers have been sentenced to one of the longest prison terms possible for the crime of insider trading in the UK. As US financial market participants […]
by Tyler Durden Banco Popolare is dragging the rest of the Italian banking system drastically lower today after a“susprise” Q1 loss driven by soaring bad loan writedowns. Banco Popolare is down 14% on the day […]
By Michael Snyder Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret […]
CHARLES HUGH SMITH The banquet of consequences is about to be served. If we step back and look at what’s happened since the Global Financial Crisis of 2008-09, it’s easy to see that the global […]
by Pepe Escobar The famous Hollywood adage – ‘nobody knows anything’ – seems to perfectly apply to the current turbulence in the oil market. So in an effort to clarify where the global oil economy […]
By Tyler Durden This report was originally published by Tyler Durden at Zero Hedge. A dark storm is brewing in the world of private pensions, and all hell could break loose when it finally hits. […]
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