16% of the 4 million new vehicles sold in the US in Q1 were assembled in Mexico.… Read More US Auto Imports from Mexico Surge 10% in Q1 to New Record, Despite Dropping Sales in the US
In little more than three years, Argentine President Mauricio Macri’s government has already signed two agreements with the International Monetary Fund. And recent developments suggest that the country’s long and troubled history with the Fund may be about to repeat itself… Read More The IMF Is Fueling an Argentine Crisis – Again
Until the public knows the truth about why the Fed bailed out the insolvent Citigroup – despite its mandate not to lend to an insolvent institution – and why it bailed out Morgan Stanley and Merrill Lynch, which were broker-dealers, not major commercial banks, there can be no confidence in the U.S. financial system.… Read More Is the Fed’s Dirtiest Bailout About to Come Under the Spotlight?
The continued existence of the Eurozone could be under threat… Read More Italy’s ‘Perma-recession’ Could Trigger a €2 Trillion Financial Crisis
The fate of the global economy rides on the answer.… Read More It’s 2016 All Over Again. Or Is It?
February was bad. Housing market weakness is now spreading out from London.… Read More London Home Prices Had Biggest Monthly Drop Since Lehman
A “bust out” is a fraud tactic used in the organized crime world wherein a business’s assets and lines of credit are exploited and exhausted to the point of bankruptcy… Read More Retail’s Biggest Existential Threat Is Private Equity
Spanish banks expanded aggressively into Emerging Markets to flee the consequences of the euro debt crisis… Read More Threat of Contagion to Eurozone from Spanish Banks’ Huge Bet on Emerging Markets: UBS
, Deutsche Bank is in the same league as the bank holding companies of U.S. juggernauts JPMorgan Chase, Citigroup and Goldman Sachs. But its financial health is much weaker. … Read More After a $354 Billion U.S. Bailout, Germany’s Deutsche Bank Still Has $49 Trillion in Derivatives
When any government becomes almost indistinguishable from the evil it claims to be fighting, that government has lost its claim to legitimacy… Read More When Dissidents Become Enemies of the State
Donald Trump says wind turbines cause cancer. Jonathan Pie says Trump’s a twat.… Read More Trump’s Planet
OTC derivatives were at the center of the 2008 financial crisis. And they’re just as likely to be at the center of the next one. … Read More This Goldman Sachs Chart Explains Why Wall Street Is Still a Dangerous High-Stakes Casino