|Thursday, September 29, 2016
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Economy

$2.5 Trillion in Wealth Has Vanished since Monday

The financial markets are in chaos… Chinese stocks crashed again last night, dropping 7% in less than an hour. The Shanghai Composite Index is now down 11.7% this week, and 40% since peaking last June. For the second time this week, China’s stock exchange completely shut down. As Dispatch readers know, China put new “circuit breaker” rules in place that shut down the exchange if stocks drop too quickly. ...Read full article...

Brazil’s Economic Debacle

This is what The Economist magazine did not say in its simplistic and reductionist report. In one of many interviews, Oscar-winning producer Brian Grazer said that a person must “know the weeds, to have lived in them”. Grazer meant that a person wouldn’t want to get involved in something which he had not enough knowledge about. Even though Grazer was explaining his view as to how to become a delegator, ...Read full article...

The Stock Market Is Lying to You

Are we in a bull market, or not? Nearly seven years ago, the U.S. stock market began a historic rally. After bottoming out in March 2009, the S&P 500 gained 204% through December 2014. But this year, the rally has fizzled out. The S&P 500 has lost 1% since January. As you can see in the chart below, stocks have gone nowhere in 2015. Last week, the S&P 500 ...Read full article...

The U.S. Stock Market Is Rotting from the Inside

One of the world’s most important markets continues to flash danger signs… Regular readers know we keep close tabs on the bond market. The bond market is where individuals, companies, and governments go to borrow money. The U.S. bond market is about twice as large as the U.S. stock market. That’s one reason the bond market can signal trouble before the stock market. •  The junk bond market is where ...Read full article...

The Brazilian Economy has Yet to Bottom Out

The Brazilian economy is like a rotting corpse. Everyone knows it is dead and everyone can smell its decomposing remains from far away. The only reason why the economy in Brazil has not totally imploded is due to the same reason other large economies in the western world have not collapsed. Governments have been resourcing to perpetual indebtedness and out of control money printing to cope with the weakening ...Read full article...

Junk Bond Market: The Biggest Red Flag since the Great Recession

The junk bond market continues to show signs of cracking… For months now, we’ve pointed to the decline of junk bond values as one of the biggest red flags in the entire market. The bond market is where companies, countries, and individuals go to borrow money. It’s far larger and more important than the stock market. The U.S. bond market, for instance, is about twice as large as the U.S. ...Read full article...

New Socialist Government Keeps Portuguese People Under The Whip

What we are witnessing is the re-enserfment of Western peoples. The austerity imposed on the Portuguese people by the One Percent has resulted in the election of a coalition government of socialists, communists, and a “left bloc.” In the 20th century, socialism and the fear of communism humanized Europe, but beginning with Margaret Thatcher the achievements of decades of social reforms have been rolled back throughout Europe as bought-and-paid ...Read full article...

Greece strikes to oppose Tsipras’ Austerity

Even Tsipras’ own party -Syriza- is supporting the strike that affects transportation, news services and hospitals. Greece is experiencing today the first general strike under President Alexis Tsipras, at a time that creditors have returned to Athens to unblock some points of the negotiations for the disbursement of 2 billion euros of the so-called rescue and 10 billion euros for the recapitalization of the banking. Syriza, the party of ...Read full article...

The Global Economy is in Worse Shape than You Think

Saudi Arabia is sliding toward a crisis… As you likely know, the price of oil has crashed since last summer. In June 2014, oil peaked at over $106/barrel. Today, oil trades at just $44…good for a 58% decline. The oil crash has crushed oil stocks. Exxon Mobile Corporation (XOM), America’s largest oil company, has dropped 19% since July 2014. Chevron Corporation (CVX), America’s second-largest oil company, has dropped 29% ...Read full article...

Deutsche Bank cuts 35.000 Jobs in Latin America

eutsche Bank, the biggest German bank, announced yesterday what it called a major restructuring. Its new president, John Cryan, used his first press conference to present hard adjustment plans “to clean up the bank”. After taking record losses of more than 6 billion euros in the third quarter, Cryan said the bank will reduce its workforce by more than 35,000 employees in the next two years. The bank will ...Read full article...

US On Road To Third World

n January 6, 2004, Senator Charles Schumer and I challenged the erroneous idea that jobs offshoring was free trade in a New York Times op-ed. Our article so astounded economists that within a few days Schumer and I were summoned to a Brookings Institution conference in Washington, DC, to explain our heresy. In the nationally televised conference, I declared that the consequence of jobs offshoring would be that the US would ...Read full article...

How to Survive a Stock Market Crash

Last week, our stock market began to freefall. By Friday, August 21, the market was down more than 1300 points. Over the course of two days, it dropped further than any single-day crash in American history. But it wasn’t just the US stock market that had a bad week. According to Zero Hedge, markets across the globe are going to heck on a greased slide: China’s worst week since ...Read full article...

Fiscal Deterioration costs Brazil another Downgrade

The negative outlook, according to S&P, reflects a 30% possibility of a further downgrade because of fiscal deterioration probability. Most Brazilians do not like Dilma Rousseff, and now, it seems that neither do investors or lending entities. It is true, rating agencies are only part of a global Ponzi scheme, however, it is their opinions about the creditworthiness of a country what determines whether that country has access to ...Read full article...

Lula, Dilma and Brazil sink deeper into the hole

WIth no clear leadership, no public confidence on the country’s institutions or its leaders, Brazil seems to be getting deeper and deeper into a political and economic hole. However, in the middle of all the mud, there is still the ocassional joke to lighten up the mood. The last one was that Luiz Inácio Lula da Silva is now considering a new presidential run in 2018. Sadly for Lula, ...Read full article...

Christiana Figueres pushes new globalist “social contract”

A popular dictate says that the only way to predict the future is by creating it, and that is exactly what powerful entities such as the United Nations and the groups that support it are doing right now. The future is not coming, it is here and if the UN has its way, that future might be the most horrible nightmare anyone could ever dreamed about. In essence, it ...Read full article...
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