Real estate

The End Of Growth's "Fake Elixir"

The global elites’ false promise that neoliberal economics would cure all ills through the elixir of endless growth helps explain the angry nationalist movements ripping apart the West’s politics...

Canaries 'In Extremis'

Nobody “important” will admit it until after the election, but the resumption of the depression is at hand.

5 Urgent Warnings From Big Banks That The "Economy Has Gone Suicidal"

The economy has gone suicidal. It is working against the very people who need its energy to survive. It is collapsing on its own weight, and the weight of literally incalculable levels of toxic debt. And it is going to create the greatest disaster of our time, if the warnings from the world’s most powerful bankers are any indication.

Is The US On The Verge Of Mass Race Riots?

Ferguson, Baltimore, Ferguson (again), Milwaukee, Charlotte. Much has been made by the media of the recent riots that have taken place across America. Which begs the question: Are these riots passing occurrences or, like a series of smaller seismic events, a forewarning of much larger mass civil unrest to come? For the answers, we take a quick trip back in time.

Brace Yourself For The Quadrillion-Dollar Reckoning

"...debt is simply everywhere, at least to the extent we can see and measure it. Corporate and sovereign debt, of both the developed world and emerging market varieties, are at record levels. China’s debts certainly add to that record but who really knows to what extent? It’s the ultimate black box of leverage on Planet Earth... You cannot NOT worry about the Fed in this world...The simple truth is ending reinvestment would bring the bond market to its knees.

Where Will The Money Go When All Three Market Bubbles Pop?

The chaos that will arise as trillions of dollars, yen, yuan and euros, etc. try to crowd through the fire exits as the asset bubbles pop will be monumental, and the spikes in small asset class prices as the hot money floods in will be equally monumental.

Wells Fargo CEO John Stumpf To Retire Effective Immediately

The most anticlimiatic and predictable outcome to the biggest banking scandal to rock Wall Street in recent years, Wells Fargo;s fraudulent creation of 2 million (or more) fake customer accounts, has just concluded in the only possible way: with CEO and Chairman John Stumpf retiring.

Recession Now... Or Depression Later

Currently economists and market watchers roughly fall into two camps: Those who believe that the Federal Reserve must begin raising interest rates now so that it will have enough rate cutting firepower to fight the next recession, and those who believe that raising rates now will simply precipitate an immediate recession and force the Fed into battle without the tools it has traditionally used to stimulate growth. Both camps are delusional, but for different reasons.

Aussie Property Bubble On A Scale Like No Other

The size of the Australian property bubble is old news. What is less well understood is how such a large and sustained bubble has distorted the Australian political economy.