Deutsche Bank is starting to resemble the financial basket case that Citigroup became in 2008, leading to Citigroup’s partial ownership by the U.S. government…
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Say Hello to Southeast Asia’s New Silk Roads…
It’s not only China vs. the US in the South China Sea. Few in the West realize that two completely different, intersecting stories are developing in maritime and mainland Southeast Asia…
Get Ready for America’s New $29 Trillion Debt…
Bear in mind that US debt is already $19+ trillion and climbing. The CBO sees at least another $10 trillion in debt in the coming years, and projects…
Tesla and SolarCity to Combine…
Just over a month ago, Tesla made a proposal to purchase SolarCity and today we are announcing that the two companies have reached an agreement to combine, creating the world’s only…
U.S. Economy Was Growing at the Slowest Pace Since WW II; Now It’s Worse…
It has now been more than a decade since the U.S. economy grew at an annualized rate of 3 percent or better – the longest subpar growth stretch since the end of World War II…
As Oil Tumbles, Just How (Massively) Overpriced Are Energy Companies? Here Is One Answer…
Oil has plateaued and has resumed its descent, recently sliding in a new bear market, and as of this moment flirting with $40/bbl as the realization…
Mamma Mia: Italian Banks on Verge of Collapsing Entire Eurozone Financial System…
A stress test conducted a few days ago by the European Banking Authority confirmed the poor condition of many credit institutions in Europe. Italian banks…
New Panama Papers Series Exposes Secret Deals in Africa…
New details about the middleman at the center of a probe into hundreds of millions of dollars in suspected bribes paid for oil and gas contracts awarded in Algeria…
With Globalization in Danger, G-20 Double Down on a Defense…
Finance chiefs from the world’s biggest economies signaled escalating concern about a wave of anti-globalization sentiment that threatens core principles long embraced by the group…
The Fed Is Preparing For Negative Rates – Here’s The Sign Everyone Missed…
I think it’s possible that the Fed will push rates below zero when the next recession arrives…
Deutsche Bank Profits Plummet 98%…
Germany’s biggest bank posted a net profit of €20 million in the second quarter of the year. This is down from €796 million in the same period in 2015…
“An Extraordinary Development”: Record Swiss Gold Flow Into The United States…
While Switzerland has been a major source of U.S. gold exports for many years, the tables turned in May as the Swiss exported a record amount of gold to the United States…
GDP Growth at 1.2 Percent. Disappointing To Most Forecasts…
Year-over-year growth slowed so one could say economic growth was mixed. There was significant backward revision starting in 2013…
IMF Slammed by Own Watchdog Over ‘Political’ Handling of Eurozone Crisis…
Top brass at the International Monetary Fund (IMF) have been criticized for misjudgments over Greece, being overly enthusiastic about the euro, ignoring signs of an…
Ford Plunges After Warning “We Don’t See Growth”, Warns U.S. Auto Industry “Has Plateaued”…
The reason Ford stock is plunging this morning is not so much the company’s earnings miss…, CEO Mark Fields laid out a very gloomy picture of the future…
Clinton’s BFF Says She Will Flip on TPP Once Elected….
Pal of Hillary’s says “Once the election’s over, and we sit down on trade, people understand a couple things we want to fix on it but going forward we got to build a global economy.”
Related
Facebook Quarterly Profit Surges 186% to $2B…
Facebook said Wednesday its profit leapt 186 percent from a year ago to $2 billion, as the world’s biggest social network blasted past most analyst forecasts…
$19.4 Trillion Dollars In Debt – We Have Added $1.1 Trillion Dollars A Year To The National Debt Under Obama…
How VW Designed the Greatest Scandal in Automotive History…
Volkswagen developed six generations of cheating software to beat emissions tests—and even calculated the cost of getting caught was still worth it…
Is the Party Over for Bushism?…
For Trump’s nomination represents not only a rejection of their legacy but a repudiation of much of post-Cold War party dogma…