Aug 27

US 10-Year Treasury Cheapest in G7, Yield Spread

Saxo Bank chief economist Steen Jakobsen point out US 10-Year treasury is the cheapest in G7 with the spread near…

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Aug 26

Incentives Up to $325K in China’s Housing Market;

Developers in China are offering up to $325,000 in incentives to home buyers. The catch? Incentives come in the form of…

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Aug 25

7,000 Trapped Ukrainian Forces; IMF to Fund Ukraine

IMF to Fund Ukraine Wars? Ukraine is bankrupt. It accepted an $18 Billion IMF Bailout in March, allegedly with strict…

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Aug 24

Occam’s Razor and Bank Lending

I received an interesting question on bank lending just a bit ago. The question is in reference to Euro Bond Bubble…

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Aug 23

40% of U.S. on Welfare; Obamacare Expands Welfare

As a result of Obamacare Medicaid expansion coupled with means-tested Obamacare assistance, I estimate welfare rolls expanded from 35.4% of…

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Aug 22

Time to Short the US Dollar? Go Long

Is it time to short the dollar? Saxo bank chief economist Steen Jakobsen thinks so. Via email from Steen ... What is…

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Aug 21

Spain Dips 37% Into Social Security “Piggy Bank”,

The "recovery" news in Spain keeps piling up. Via translation from El Economista, Government has already taken 37% of the…

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Aug 20

Argentinian Peso in Massive Slide; Argentina’s Bonds Decline

In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on a small group of hold-outs demanding full…

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Aug 19

Ukraine Overnight Interest Rates Soars to 17.5%; External

It's crystal clear Ukraine has no interest in a ceasefire under any terms. Instead it demands rebels lay down weapons…

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Aug 18

Rising Robots: Is it Obvious Robots Cost Human

Technology Review has an interesting infographic on the Rising Use of Robots, and which sectors show the biggest increase in…

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Aug 16

It’s Different This Time: Humans Need Not Apply;

On August 7, I wrote about "McCashier" Your $15.00 Per Hour McDonald's Worker Replacement. Sure. You can make $15 an hour…

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Aug 15

France Finance Minister “I Refuse to Raise Taxes

Not only is support for sanctions in Europe crumbling, so is support for alleged austerity. I say alleged because there…

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Aug 14

German Economy Contracts, France Stagnates, Italy in Recession;

The recovery in Europe, not that there was ever much of one, is now over. As expected in this corner,…

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Aug 13

New Yuan Loans and Shadow Banking Collapse in

A major alarm bell just rang in China with the release of July credit figures according to Macro Business Australia.…

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Aug 12

First-Time Home Buyer Dilemma: Overpay or Be Shut

Supply of homes at the bottom-third of the market is down 17 percent from a year ago. Meanwhile the top-third home…

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Aug 11

Alarming Failure of French Economy; Expect Serious Tremors

Les Echo discusses the Alarming Failure of French Economy. GDP for the second quarter will be released Thursday, and it does…

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Aug 10

Obama Calls Iraq “Long Term Project”; US Bombs

Total Failure Senator McCain and others want to send more weapons to Iraq, as we bomb US weapons already there (but…

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Aug 9

Scathing Anti-West Editorial in German Handelsblatt; Reader Emails

Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt. Having no details other than it…

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Aug 8

“Small Price to Pay”

In response to Russia Fires Back With More Sanctions: NASA, Pepsi, McDonald's, Autos in Spotlight a close friend responded "It's…

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