Economics

MARKETS FIGHT BACK: Europe’s bankers call for immediate U-turn on Brexit finance crackdown

Wednesday, April 26, 2017
By Paul Martin

EUROPEAN bankers already deeply worried over the impact of Brexit on the free market have demanded the EU backtrack on planned regulatory changes. By SIOBHAN MCFADYEN Express.co.uk Wed, Apr 26, 2017 The financiers say they will not allowed to be competitive internationally after the bloc announced it is to make sweeping alterations to capital... »

‘El Chapo Act’: Ted Cruz wants ‘$14bn’ drug fortune to fund US-Mexico border wall

Wednesday, April 26, 2017
By Paul Martin

RT.com 26 Apr, 2017 President Donald Trump’s much vaunted Mexican border wall could be built using the fortune of a notorious drug kingpin, according to Republican Senator Ted Cruz, who has proposed the ‘El Chapo Act’. Cruz, a one time political rival to Trump, has backed the president’s desire to build a 1,000 mile-long... »

Canada’s Housing Bubble Explodes As Its Biggest Mortgage Lender Crashes Most In History

Wednesday, April 26, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 26, 2017 Call it Canada’s “New Century” moment. We first introduced readers to the company we said was the “tip of the iceberg in Canada’s magnificent housing bubble” nearly two years ago, in July 2015 when we exposed a major problem that we predicted would haunt Home Capital Group,... »

Mnuchin: “Trump To Propose Biggest Tax Cut In History”, But It May Be DOA In Congress…(First Hack…9:30)

Wednesday, April 26, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 26, 2017 Speaking at at an event hosted by The Hill this morning, Treasury Secretary Steven Mnuchin made a grand introduction for today’s main event: he said President Trump’s forthcoming tax plan will be the “biggest” tax cut in history, even if he provided few clues as to what... »

Wall Street Throws Up On US Steel’s “Nightmare On Elm Street” Results

Wednesday, April 26, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 26, 2017 Yesterday when commenting on the abysmal results and even worse guidance by steel giant US steel, which cut its 2017 guidance by more than half, now expecting 2017 net earnings of approximately $260 million, or $1.50 per share, more than 50% below the prior forecast of $3.08,... »

S&P: These Ten Retailers Will File For Bankruptcy Next

Wednesday, April 26, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 26, 2017 Three weeks ago, we reported that Fitch had put together a list of 8 retailers who were likely next in line to file for bankruptcy. The rating agency speculated that distressed legacy “bricks and mortar” outlets such as 99 Cents Only, rue 21, Gymboree and True Religion... »

Fannie Introduces “Innovative Solutions” Allowing Student-Debt-Laden Millennials To Buy A Home

Wednesday, April 26, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 26, 2017 So what do you do when a massive student loan bubble results in crippling leverage for an entire generation of your population rendering them financially unqualified to obtain mortgage financing and their ‘God-given right’ to a slice of the ‘American Dream’? Well, you simply change the rules... »

Mexico gets the green light to impose trade sanctions AGAINST the US

Tuesday, April 25, 2017
By Paul Martin

MEXICO has been given the go-ahead from the World Trade Organisation (WTO) to impose annual trade sanctions against the United States after settling a multi-million dollar dispute. By SOFIA PETKAR Express.co.uk Tue, Apr 25, 2017 The ruling will see trade sanctions worth £127 million ($163 million) actioned immediately, according to Mexico’s economy minister. The... »

An Angry Canada Responds To Trump’s Lumber Tariff… And What It Means For The Economy

Tuesday, April 25, 2017
By Paul Martin

by Tyler Durden ZeroHedge.com Apr 25, 2017 After last night’s announcement of ~20% tariffs on softwood lumber imported from Canada, Prime Minister Justin Trudeau lashed out at the Trump administration saying the U.S. could suffer from a “thickening” border as trade tensions between the two countries escalated, sending the Canadian currency to a 14... »

London Analyst Warns China Ready to PULL THE PLUG, Dump T-Bonds For GOLD

Tuesday, April 25, 2017
By Paul Martin

by Elijah Johnson SilverDoctors.com April 25, 2017 Is China Ready to Pull the Plug on the U.S. Dollar? Alasdair MacLeod Sees China Selling Their U.S. Treasuries… for Gold. The London Analyst Warns This Will Spell the END for the U.S. Dollar: Alasdair MacLeod joins SD to reveal there’s a battle going on in the... »

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