Archive - Aug 22, 2015

The following story is guaranteed to make you sick. Once again, we’re shown that following trillions in taxpayer funded bailouts and backstops, TBTF Wall Street banks immediately went ahead and focused all their attention obtaining loopholes in order to transfer risk and make billions upon billions of dollars in the financial matrix, as opposed to adding any benefit whatsoever to society.

How bad is America's $1.3 trillion student loan problem, you ask? As WSJ reports, "nearly seven million Americans have gone at least a year without making a payment on their federal student loans, a staggering level of default that highlights how student debt continues to burden households despite an improving labor market."

Steep losses in the dollar, stocks and commodities, for sure, but does it really signal a systemic crisis? 

Should the dispute between China and its neighbors over Beijing's land reclamation efforts in the South China Sea escalate from a war of words to a war of missles and bullets, how do the potential combatants match up from a maritime military perspective? The Pentagon explains.