John Kerry Warns “Dollar Will Cease To Be Reserve Currency Of The World” If Iran Deal Rejected
Zero Hedge | Scaremongery… or maybe the whole point, as Obama’s former chief economist noted, is to lose reserve status.
Tag: Money Watch
USDA: Food Stamp Spending at Farmers Markets Up ‘Nearly 6-Fold’ Since 2008–A ‘Win-Win’
CNS News | The U.S. Department of Agriculture boasts that food stamp spending at U.S. farmers markets has increased “nearly six-fold” since 2008.
Who Could Have Possibly Foreseen China’s Shocking Devaluation?
Zero Hedge | A “hard-landing.”
Report: Public Demand For Precious Metals Skyrockets: “The Whole Supply Chain Could Be Cleaned Out”
Mac Slavo | According to a report from Money Metals Exchange, buyers were snapping up everything they could get their hands on over the last 45 days.
The $12 Trillion Fat Finger: How A “Glitch” Nearly Crashed The Global Financial System – A True Story
Zero Hedge | A simple cascading error which ends up taking down the entire system.
“The Top’s In” David Stockman Warns Of “Epochal Deflation”
Zero Hedge | The truth hurts… especially permabullish CNBC anchors.
Why Obama’s Favorite Student Debt “Relief” Program Will Cost Taxpayers $100 Billion
Zero Hedge | Perhaps the most interesting thing about this scheme is that it allows for “payments” of zero.
The Dow Has Already Fallen Nearly 900 Points From The Peak Of The Market
Michael Snyder | In an eerie repeat of what we witnessed in 2008, U.S. stocks are steadily sliding throughout the summer as we head toward the month of September.
Economic Reality Now Catching Up To Market Fantasy
Brandon Smith | In the mind of a schizophrenic person, internal elements of fantasy (negative and positive) are made manifest in the psyche and projected out onto the real world.
I Sure Am Glad There’s No Inflation
Charles Hugh Smith | I sure am glad there’s no inflation, because these “stable prices” the Federal Reserve keeps jaw-jacking about are putting us in a world of hurt.
Trump Warns The Fed “Is Creating A Bubble That Could Explode”
Zero Hedge | “I really do believe we’re creating a bubble.”
Apple Crumble: Tech Giant’s Shares Slump
Sky News | The world’s most valuable public company sees its share price drop for a fifth consecutive day, amid worries over future growth.
‘Pete the Greek,’ the banker who told a UBS colleague ‘JUST BE CAREFUL DUDE,’ won’t be prosecuted for fixing interest rates
Business Insider | The UBS banker known as “Pete the Greek” won’t be prosecuted for his connections to those who had roles fixing the Libor interest rate.
Donald Trump: ‘I Pay as Little as Possible’ Because ‘I Hate the Way Our Government Spends Our Taxes’
CNS News | GOP presidential candidate Donald Trump told CBS’s “Face the Nation” that he tries to pay as little taxes as possible.
“The Worldwide Credit Boom Is Over, Now Comes The Tidal Wave Of Global Deflation”
Contra Corner | A cogent metaphor for the central bank enabled crack-up boom.