Economics

In Latest Blow To Hedge Funds, Largest US Life Insurer Is Redeeming Most Of Its Investments

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Moments ago we the latest confirmation that the hedge fund business model is indeed suffering through an existential battle when MetLife Inc., the largest U.S. life insurer, said was seeking to exit most of its hedge-fund portfolio after a slump in the investments. According to Bloomberg, the insurer is... »

“Rich” Americans Confidence Crashes Most Since 2013

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Despite equity prices soaring to within inches of all-time record highs, it appears ‘rich’ Americans are no longer impressed by The Fed’s handiwork. As Bloomberg’s Consumer Comfort index slumps to its weakest since Dec 2015, high-income (over $75k) Americans suffered their biggest plunge in confidence since October 2013 seemingly... »

Commodities Are Surging As The Dollar Rolls Over

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Overnight strength in the USDollar has begun to rollover, most notably against the Yen, and that is sparking a bid in commodities – industrial and precious metals. Canada headlines (and Libya) along with dismal US jobs data have also piled on, sending WTI Crude to test $46 (and copper... »

The Fallout From The “Devastating” Canadian Wildfire: Over 500,000 Barrels Offline, $1 Billion In Losses

Thursday, May 5, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/05/2016 Now that Canada has had a chance to evaluate the damage from the historic Alberta fire, the question on everyone’s lips is what will be the near-term impact on oil production. The most comprehensive answer provided so far comes from Morgan Stanley’s Benny Wong who estimates that the total... »

Rail Traffic Depression: 292 Union Pacific Engines Are Sitting In The Arizona Desert Doing Nothing

Thursday, May 5, 2016
By Paul Martin

By Michael Snyder TheEconomicCollapseBlog.com May 4th, 2016 We continue to get more evidence that the U.S. economy has entered a major downturn. Just last week, I wrote about how U.S. GDP growth numbers have been declining for three quarters in a row, and previously I wrote about how corporate defaults have surged to their... »

Eight “New Normal” Charts That Are Insanely Abnormal (And Dangerous)…”The New Normal is not sustainable.”

Wednesday, May 4, 2016
By Paul Martin

by Charles Hugh-Smith of OfTwoMinds blog, ZeroHedge.com 05/04/2016 Is there anyone on the planet who’s actually stupid enough to believe these New Normal charts are healthy and sustainable? We doubt it. Rather, the apologists, toadies, apparatchiks and flacks are being well-paid to cheerlead, and the “leadership” (using the term lightly) of the discredited institutions... »

Stanley Druckenmiller thinks the world is heading for a debt-fueled disaster

Wednesday, May 4, 2016
By Paul Martin

Bob Bryan BusinessInsider.com May 4, 2016 Stanley Druckenmiller, head of the Duquesne Capital, thinks that the macro-economy is looking disastrous and there are two sources for the coming problems . Druckenmiller thinks that leverage is far too high, saying that central banks and China have allowed for these excesses to continue and it’s setting... »

As UK Housing Bubble Bursts, Barclays Unleashes 100% LTV Mortgages Again…”keep the ponzi dream alive just a little longer.”

Wednesday, May 4, 2016
By Paul Martin

by Tyler Durden ZeroHedge.com 05/04/2016 Just a month after the UK’s luxury housing bubble burst, it appears the nice friendly bankers at Barclays are looking for some scapegoats to flip their condos to. That the housing recovery has been driven primarily by a steady flow of foreign investment, and not necessarily the underlying economic... »

SoT – Alasdair Macleod: If You’ve Got Gold, You’ve Got Money – If You Haven’t Got Gold You’ve Got a Problem

Wednesday, May 4, 2016
By Paul Martin

THE DAILY COIN MAY 4, 2016 Akin to ancient Rome, the United States has over-extended herself. She has created a climate that could easily be transformed into a war on a slight pretext. Wars, as it is well known are also a means a nation can extricate itself from debt and financial responsibility. –... »

Lehman Brothers Greets: The EU Banking System is a 46 Trilllion Euro Ponzi-Scheme…”There is a great chance that the financial system will collapse this month … or next month, but definitely very soon as all signs point to this inevitable outcome.”

Wednesday, May 4, 2016
By Paul Martin

Georgi Stankov StanKovUniversalLaw.com May 3, 2016 There is a great chance that the financial system will collapse this month … or next month, but definitely very soon as all signs point to this inevitable outcome. Recently I published why the US banks are broke and if they have not collapsed yet it is because... »

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