"It’s A Lot More Negative Than People Think" - China Beige Book Issues Stark Warning About The Economy

“I’d find it earth-shatteringly surprising if we don’t have a significant problem between now and China’s leadership change” in the fall of 2017 when the 19th Party Congress convenes, said Leland Miller, China Beige Book’s president. “This is not a stable economy. It’s one that twists and turns and happens to end up at the same spot. There are real problems below the surface.”

Peak Debt Complacency: Carmen "Different This Time" Reinhart Urges Debt Restructuring

[The establishment] needs no reminder of the historical record, but it bears noting that more than a dozen advanced economies received debt relief in one form or another during the depression of the 1930s. The approach to unwinding current debts is likely to vary considerably across countries, but it is time to place greater emphasis on debt restructuring (which comes with a menu of options) than on accumulating more debt.

John Kerry Gives Russia An Ultimatum: Stop Bombing Aleppo Or All Cooperation Ends

John Kerry threatened to cut off all contacts with Moscow over Syria, unless Russian and Syrian government attacks on Aleppo end. Kerry issued the ultimatum in a Wednesday telephone call to Russian Foreign Minister Sergey Lavrov. Kerry told Lavrov the U.S. was preparing to "suspend U.S.-Russia bilateral engagement on Syria," including on a proposed counterterrorism partnership, "unless Russia takes immediate steps to end the assault on Aleppo"

Why Even Racists Need The Freedom To Speak

"This may be difficult to accept, but in order to heal race relations, or at the very least get a proper understanding of why they’re so fractured, racist ideas need to be a part of the discussion. Banning accounts and passing suppressive laws against problematic speech won’t help us...It only shields us from uncomfortable truths that we may need to realize about ourselves and our fellow human beings."

Deutsche Denial Tsunami Begins: Draghi "Not ECB Fault", IMF "Solid Base"

It is becoming very clear that the Deutsche Bank debacle is getting very serious. How do we know? Simple - everyone is denying everything. Overnight DB CEO Cryan denied any need to raise capital or need a bailout; this morning ECB's Draghi denied low rates were responsible, and denied The IMF's statement the bank is systemically important; and now IMF's Lagarde is denying any need for government intervention.

The Banquet Of Consequences Is Being Served (By The Central Banking Cartel)

Last week, the Federal Reserve decided to keep US interest rates unchanged, marking its 96th month of life at the zero bound. Apparently, for all of its "data dependence", the Fed feels the economy could still benefit from *just* a little more of its ZIRP happy juice. But as anyone with a little common sense will tell you, More is not always better. It's quite possible to have too much of a good thing. And in its pursuit to kick the can for a little longer, the Fed has crossed a dangerous line.