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The Best in Alternative News

Shadow Banking Warning Highlights China’s ‘Debt Time Bomb’…

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The mere mention of shadow banking was always going to conjure images of dimly-lit rooms and shady deals, evoking Hollywood’s film noir genre. In reality, of course, those two words are probably enough for the mandarins in the rarefied atmosphere at the People’s Bank of China to break out in a collective cold sweat. With […]

China’s $3B Tariffs on U.S. Imports – Pork, Scrap Aluminum, Wine and Fruits…

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In retaliation for $50 billion in U.S. trade tariffs against Chinese imports, China laughably hits back with $3 their own billion tariffs against the U.S. According to most reporting Beijing has selected U.S. pork and scrap aluminum as targets for a 25% tariff, along with wine and fruit tariffs around 15%. It should be emphasized […]

NY Fed Unleashes SOFR, the U.S. Rival to LIBOR…

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In an effort to offer a more transparent alternative to U.S. dollar Libor, the New York Federal Reserve released its first Secured Overnight Financing Rate (SOFR) Tuesday. SOFR opened at 1.80. Considerably lower than either the ICE Libor 1 month or 3 month rates. The Secured Overnight Financing Rate (SOFR) is a broad measure of […]

STUDY: Opioid Crisis Caused Almost 1 Million to Miss Work, Cost $700B…

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The opioid addiction crisis caused nearly 1 million to be absent from the workforce in 2015, a new study says. The American Action Forum, a right-leaning think tank, released a study on Tuesday that revealed 919,400 people between the ages of 25 to 54 were not in the labor force due to opioid use. Additionally, […]

Gordon Chang Discusses President Trump’s Plan to Remove the Panda Mask from the Chinese Red Dragon…

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Author of “The Coming Collapse of China”, Gordon Chang, discusses the effect of President Trump’s tariffs on China and the epic battle ahead. Last night China announced their feeble retaliatory actions – SEE HERE. A professionally nervous Maria Bartiromo, frames a series of questions from the perspective of Wall Street. Fortunately Gordon Chang understands the […]

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