"This crisis is rooted in the failure to learn the lessons of 2008 and of every other recession since the Fed’s creation...When the bubble bursts, America will experience an economic crisis much greater than the 2008 meltdown or the Great Depression."
European stocks rose thanks to a rebound in Italian assets, following a green session for Asian markets despite China closing red for the third day, as U.S. equity index futures rose 0.5% after a negative session yesterday and ahead of today's earnings deluge.
"It seems that American lawmakers, media, and the Deep State are all united against Saudi Arabia until it relents and pays up. How Saudi Arabia will manage to weasel out of this trap, if it can, remains to be seen..."
"Containment around Hillary’s crimes has been breached and all that’s left now is for the people close to her to start turning on each other. The mid-terms were their last, best hope for a stay of execution."
"...it is a decline in asset prices, not conventional 'overheating' concerns, which is the biggest risk to the American economy and indeed the world economy, given that asset inflation has been the prime driver of growth in the developed world since the global financial crisis..."