Economics

US Government Caught Massively Fabricating Student Loan Default Data

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 19, 2017 Ever since 2012 we have warned that one of the biggest threats arising from the US student loan bubble – which is no longer disputed by anyone except perhaps members of the outgoing administration – is not that it is soaring at an unprecedented pace, that’s obvious... »

‘Worse than the great depression’ Renowned economist warns of BLEAK future for Eurozone

Thursday, January 19, 2017
By Paul Martin

A TOP economist has painted a bleak picture of the eurozone despite deluded Brussels bureaucrats insisting it can bounce back. By ZOIE O’BRIEN Express.co.uk Thu, Jan 19, 2017 The current situation for many countries in the EU has been labelled “bleak” as they remain in huge debts and cannot find a way out, according... »

Investors “Stunned” To Learn Hedge Funds Expense Bar Tabs, Private Jets, Trader Bonuses

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 19, 2017 With storm clouds already building above the hedge fund industry, which as reported last night posted deplorable results in 2016 as only 32% of fundamental and quantitative funds outperformed their benchmarks according to JPM data – the worst performance this decade – leading to the largest redemption... »

Jewish Trust Sues Deutsche Bank For $3 Billion

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 19, 2017 Just when it seemed that no more lawsuits are possible for Germany’s largest lender, which over the past two years has settled or otherwise paid billions to set aside a barrage of allegations of wrongdoing leading to the bank’s suspension of bonuses for most senior bankers, today... »

Turkey, ‘Axis of Gold’ and the End of US Dollar Hegemony

Thursday, January 19, 2017
By Paul Martin

By: GoldCore GoldSeek.com Thursday, 19 January 2017 Introduction Buy Gold and Lira, Sell Dollars To End “Economic Sabotage” – PM of Turkey Gold Imports to Turkey Surge 688% In December ‘Tough Turkey’ today Affinity for gold to save the day? Central bank gold demand Personal accumulation Country’s gold reserves Turkey Iran gold conduit Axis... »

Housing Starts Beat On Jump In Rental Units, Single-Family Permits Rise To Highest Since 2007

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 19, 2017 Continuing the trend of strong economic data, housing starts rose more than expected in December, hitting 1.226K in December, driven by a jump in mult-family units. Alternatively, housing permits declined modestly as new multi-family units dipped to the lowest since March, however offset by the highest single-family... »

Initial Claims Crash To 44 Year Lows But Over 700,000 More People Are On Jobless Benefits Since Trump Was Elected

Thursday, January 19, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 19, 2017 1.74mm people were ‘continuing’ to claim jobless benefits before Donald Trump was elected. In a mysterious fluke of statistical smoke and mirrors, that marked the absolute trough in the data series – showing just how awesome the economy was for Hillbama. Last week’s 2.46mm print for continuing... »

“Costs Are Rising, Wages Are Dropping” – The ‘Real’ Economy That Obama Left For Trump

Wednesday, January 18, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Jan 18, 2017 As President Obama held his last press conference this afternoon, basking in the warm afterglow of an over-sampled poll showing his favorability near record highs, it would appear he (and the press corps) forgot to mention that for most Americans – the 80% in production and nonsupervisory... »

More Davos Elites Suggest Banning Cash…

Wednesday, January 18, 2017
By Paul Martin

by Phoenix Capital… ZeroHedge.com Jan 18, 2017 A central theme for the Davos World Economic Forum is a push to ban cash. Yesterday we outlined how Nobel Prize winning economist Joseph Stiglitz was urging the US to do away with physical cash. Today, Paypal CEO Dan Schulman is doing much the same thing although... »

Another Retailer Goes Bankrupt, Shutters Stores, While Tiffany Blames Trump Tower for US Holiday Sales Debacle

Wednesday, January 18, 2017
By Paul Martin

by Wolf Richter WolfStreet.com Jan 17, 2017 And American Apparel shuts down. This time a year ago, Tiffany & Co. cut its full-year forecast after reporting a drop in holiday sales. It blamed sluggish tourist spending and the strong dollar. Rinse and repeat. But today, it changed the culprit to the brouhaha around Trump... »

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