Archive | Money & Markets

2018.02.24foreclosure-3e50c600858416d3346e84459134b608c0329162

Here’s How Regulators Are Inadvertently Laying The Groundwork For The Next Housing Crisis

Only a few weeks ago, we pointed out a remarkable development in the US mortgage market that has significant implications not only for mortgage borrowers, but perhaps the broader economy as a whole: Wells Fargo, formerly America’s foremost mortgage lender, had seen its share of the market eclipsed by Quicken Loans – the Detroit-based, nonbank […]

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Facing The Tragicomedy Of Russiagate

Authored by Sheldon Richman via AntiWar.com, The whole election-meddling distraction is remarkable in both comic and tragic ways. The tragedy can be summed up in three words: New Cold War. At a time when the U.S. and Russian governments ought to be working toward nuclear disarmament, relations are deteriorating dangerously. As the estimable Australian writer […]

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“CalPERS Is Near Insolvency; It Needs A Bailout Soon” – Former Board Member Makes Stunning Admission

Two weeks ago, in the aftermath of the February 5 volocaust, we quoted David Hunt, CEO of $1.2 trillion asset manager PGIM, who said ignore the volatility spike, the real financial timebomb was and remains public pensions: “if you were going to look for what’s the possible real crack in the financial architecture for the […]

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South Africa To Cut All Diplomatic Ties With Israel

Via MiddleEastMonitor.com, The South African government is intending to cut diplomatic ties with Israel in protest of its treatment of the Palestinian people, the country’s Science and Technology Minister Naledi Pandor announced yesterday. Pandor informed parliamentarians of the government’s resolution during a ten-hour joint debate on South African President Cyril Ramaphosa’s State of the Nation […]

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House Intel Democrats Release GOP Counter-Memo

Update 3: Shortly after the memo’s release, Trump responded on twitter, claiming first that “The Democrat memo response on government surveillance abuses is a total political and legal BUST. Just confirms all of the terrible things that were done. SO ILLEGAL!”… The Democrat memo response on government surveillance abuses is a total political and legal […]

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Riots Breakout Across Italy Ahead Of General Election (And Markets Are Getting Anxious)

Heading into the weekend, the Italian government massively stepped up security across the country in anticipation of demonstrations by anti-fascist and far-right groups, ahead of the general election on March 04. Italians will go to the polls next Sunday, in an election that could rebalance the political environment or send shockwaves through the European Union. […]

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FBI Never Contacted Google After “Professional Shooter” YouTube Threat Reported

As we dig further into the monumental breakdown in protocol between the FBI and Florida officials which could have prevented 17 deaths in the Valentines Day massacre at Stoneman Douglas High School in Parkland, Florida – Senator Chuck Grassley (R-IA) revealed on Friday that the FBI never contacted Google – which owns YouTube, after it was reported that suspect […]

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