Life After 11/9 - Governing The Ungovernable

Europe truly is a continent full of powder kegs. Even before you add refugees. However, the US and UK are first in line when it comes to the risk of being rendered ungovernable. Partly simply because of timing, and partly because the differences between various ‘groups’ and movements are as pronounced as they are already today. Both countries are running out of carpet to sweep their dirt under.

The Chinese Buyers Are Back: China Oceanwide Acquires Genworth For $2.7 Billion

China Oceanwide Holdings, a Chinese financial conglomerate, agreed to buy US insurer Genworth Financial for $2.7 billion in cash, a 4% premium to closing, and pledging to help the U.S. firm manage its debt and strengthen life insurance units after it was hurt by higher-than-expected losses tied to long-term care coverage.

Six Things To Consider About Inflation

The near-zero interest rates favor short-term production schedules with minimal capital requirements, resulting in low-risk production lines of cheap goods. That’s why we have “pound- shops” and 99p shops and all the other shabby outlets that now litter every suburban high street - creating the illusion of zero inflation.

"Drain The Swamp"

Donald Trump's latest message is, it's time to drain the "swamp" that he calls Washington. As Martin Armstrong exclaims, this is why the Republican elite stand for Hillary. Term limits and ending lobbying by former government staff would cut too deep into their pockets.

Why All The Yawning Over The Yuan?

China may have decided to strike first, not by intervening, rather, by something more innocuous, but just as devastating: By standing on the sidelines. We're afraid we shall find out much sooner than many imagine...

Did The White House Just Declare War On Russia?

History doesn’t occur in a vacuum; when the U.S. and Russia confront each other directly, it won’t be because of a mere incident occurring in Syrian airspace. It will be because the two nuclear powers have been confronting each other with little resistance from the corporate media, which keeps us well entertained and preoccupied with political charades, celebrity gossip, and outright propaganda.

Paul Volcker Explains Why The Fed Can't Raise Rates

"Our current debt may be manageable at a time of unprecedentedly low interest rates. But if we let our debt grow, and interest rates normalize, the interest burden alone would choke our budget and squeeze out other essential spending. There would be no room for the infrastructure programs and the defense rebuilding that today have wide support."

Losses Hurt More Than Gains

Thanks to 'Prospect Theory', we actually know how much more we hate losses than we like gains. So, in today's over-inflated, over-leveraged, over-manipulated markets, why on earth would a rational person not be prioritizing protecting their financial wealth? Pursuing incremental gains at this point is downright dangerous

Prepare For The Unthinkable

Over the last 40 years, the deception of funny money and rapid credit creation is what kept the illusion of growth and prosperity alive.  But over the last 8 years that illusion has been shattered by the following realities: Oceans of red ink, an over indebted economy, a debauched currency, a debased culture, a despoiled political process, criminal leaders, budding civil unrest, and much, much more. Welcome to France circa 1788.  The unthinkable is about to happen.


Trump "Truthers" Versus Hillary's "Hysterically Hyperventilating Hypocrites"

One can measure the validity of Trump’s utterances by the volume of squeals emanating from the pigs he’s stuck. Judging from the deafening din on this one, Trump scored a bullseye. If America’s faith in its elections is undermined, as so many hysterically hyperventilating hypocrites claim, it won’t be because of anything Donald Trump says or does, but because the racketeers rig elections and not all the people stay fooled all the time.

Risk Of "Mass Exodus" Of Doctors From Medicare Looms

If faced with increased reporting and administrative burdens, declining reimbursements and new payment arrangements that put their income at risk, many doctors - especially independent practitioners - may feel that they simply can't afford to participate in Medicare any more. One recent survey of physicians found nearly 40-percent expect a "mass exodus" from Medicare over MACRA. Given the predicted shortage of doctors over the next decade and an aging population, this would be disastrous.