Main Street

US Journalism's New "Golden Age"?

The mainstream U.S. media is congratulating itself on its courageous defiance of President Trump and its hard-hitting condemnations of Russia, but the press seems to have forgotten that its proper role within the U.S. democratic structure is not to slant stories one way or another but to provide objective information for the American people.

BofA Finally Asks "Is The Tech Bubble Happening Again?"

"US growth stocks just surpassed 2000 “bubble” highs vs global value stocks; data on valuation, flows, and the relationship between equities and bond yields are all good clues that a speculative overshoot has begun; there are nascent signs we are in the very early stages of an overshoot."

"Apocalypse Now": The Horror Of The Deep State's Plan Exposed - Part 3

Decades of propaganda, false flags, and misinformation campaigns have enabled the Deep State to gain power and control over the U.S. government. When war or a financial crisis is necessary to keep the profits flowing, events will be steered to such an outcome. With the latest financial plundering operation running out of steam, the Deep State is once again pushing the world toward global conflict.

A Tale Of Two Justice Systems – Wall Street Vs. Main Street

"This twisted application of the law when it comes to two different classes of Americans is extremely corrosive, unethical and ultimately potentially fatal to any society. Until this is dealt with, nothing will get sustainably better for the masses of our fellow citizens."

Are US Taxpayers Now On The Hook For Risky Wall Street Real-Estate-Backed Bonds?

This is not a joke... "The BPOs are key elements in securitizations, determining basic figures such as how much rent to charge tenants, how much leverage and risk is embedded in the deal and how much investors could recover if the bonds go sour. Many of the securities were assigned AAA grades and sold off to investors such as pension funds." Is this 2006 or 2017?

Key Events In The Coming Week: Inflation, Spending In The Spotlight

With the French election now finally in the rearview mirror, this week's focus is on global inflation releases, with the spotlight falling on the US and China. We also have BoE and RBNZ rates meetings. In other data we note industrial production in the Eurozone, UK and Norway along with US retail sales and Fed speakers.

Are Fed Officials Throwing Main Street Under The Bus?

Wall Streeters have the Fed standing behind them... promising to catch them if they fall and giving them privileged information. But who do Americans have looking out for them? Apparently, nobody but themselves!

One Man's Reality Check From "A Corner Of Flyover Red America"

"I live in a corner of Flyover Red America where you can easily read these conditions on the landscape - the vacant Main Streets, especially after dark, the houses uncared for and decrepitating year by year, the derelict farms with barns falling down, harvesters rusting in the rain, and pastures overgrown with sumacs, the parasitical national chain stores like tumors at the edge of every town."

In Today's Fiat Money Financial System, 'The House' Always Wins

Perhaps the rules of the game have always favored the bankers.  Loaning out deposits at a higher interest rate than the yield paid is cornerstone to fractional reserve banking.  However, the extreme maltreatment of individual depositors and borrowers that has persisted following the 2008 credit crisis is a downright disgrace. 

Cheat Or Chump? - You Are Not An Investor

"You are not an investor. One can only be an investor in functioning markets. There have been no functioning markets since at least 2008, and probably much longer. That’s when central banks started purchasing financial assets, for real, which means that is also the point when price discovery died. And without price discovery no market can function."

When Bulls Collide

With this backdrop of weakening underpinnings of the “Trump Trade” but exuberant hopes of a continued bull market run comes the potential collision between markets. It is highly unlikely that bond bulls and stock bulls will both be right.

Our Economies Run On Housing Bubbles

We want growth by default, we want growth for growth’s sake, without caring much where it will lead us. Maybe we think unconsciously that as long as we can secure growth, we can figure out what to do with it later. But it doesn’t work that way...