Zero Hedge | The following epic rant from MUFG chief economist Chris Rupkey hardly needs any commentary, as it is about as close to a perfect reaction to the idiocy unleashed by the Poiwell Fed as can get.
Paul Joseph Watson | Get woke, go broke.
Mac Slavo | Many economists, bankers, and CEOs believe that the United States is already in a recession, and the Federal Reserve’s likely interest rate cut this week won’t help at all.
Weasel Zippers | Wait, the economy is doing poorly?
CNBC | The pound plunged further toward $1.21 on Tuesday morning as rhetoric from Britain’s new Prime Minister Boris Johnson heightened concerns that the U.K. could leave the European Union without a deal on October 31.
Michael Snyder | So there is a lot of buzz that the Federal Reserve is about to cut interest rates – and it might actually happen.
Zero Hedge | The reason for this debt issuance flurry? To rebuild the cash balance back to a level of $350 billion, which is where the Treasury expects its end-of-September cash balance to be, up from just $85 billion as of the April 29 forecast.
Zero Hedge | “The Fed has made all of the wrong moves…a small rate cut isn’t enough, but we will win anyway!”
Mac Slavo | New Jersey residents are fleeing their state in droves thanks to the over taxation and immense financial burden placed on them by their socialist state government.
Zero Hedge | Step aside Baoshang Bank, it’s time for Chinese bank bailout #2.
Sputnik | Moscow has been increasing the country’s reserves of the precious metal in recent years selling off its US Treasury securities at the same time.
CNBC | The U.S. economy is expected to have grown in the second quarter at the slowest pace in more than two years, but the data will have little bearing on the Fed when it holds its rates meeting next week.
Michael Snyder | Now a new crisis has arrived, and we are just in the very early chapters of it.
Brandon Smith | We should expect this outcome as one the globalists will force. The signs are visible now.
Zero Hedge | The Russian ruble has fallen 45.5% against the US dollar since 2014, a trend that should have strengthened Russia’s export market, but it didn’t.