Latest Articles: Business/Finance
David Stockman: Trump's tax plan is 'dead on arrival' and Wall St. is 'delusional' for believing it
Post Date: 2017-05-01 08:40:45 by Ada
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David Stockman has a stern message for investors: They're living in a fantasy land about Trump. In a recent interview on CNBC's "Futures Now," the former director of the Office of Management and Budget under President Reagan said that "Wall Street is totally misreading Washington," and President Trump's promises of tax reform will be "dead before arrival." The president is "essentially a 70-year old kid in a candy store who wants one of everything: More for defense, veterans, border walls, law enforcement, infrastructure and 'phenomenal' tax cuts, too—without the inconvenience of paying for any of it," said Stockman. Of ...
Iran seems to finally have new oil deal solution
Post Date: 2017-04-29 09:06:23 by Tatarewicz
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PressTV... A senior official expects Iran to sign its first contract under a new formula within a month, marking a turning point in months of anticipation as the country reopens its oil and gas sector to business. Iran has named 29 international firms as being eligible to bid for oil and gas projects but they have been waiting for the country to finalize the new model, known as the Iran Petroleum Contract (IPC), before they move forward. The new model has been the subject of repeated reviews amid fears that it might compromise Iran’s national interests at the expense of making business with the country more flexible. "We expect that very soon, hopefully within a month we will ...
Sorcha on the dollar
Post Date: 2017-04-28 02:48:07 by Tatarewicz
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PMF... UN And Western Spy Chiefs In Panic After Russia Launches “First Strike” Against US Dollar In what is looking more by the hour to be a Russian “first strike” against the United States during this current “cold phase” of World War III, the Security Council (SC) is reporting today that President Putin has ordered the immediate implementation of the “Golden Tsar” attack plan against the US dollar—and that has so terrified the West, its top spy masters (the “Five Eyes Alliance”), have rushed to New Zealand for a secret meet and the UN Security Council is now rushing to the White House—but whose efforts to counter the Federation ...
Epiphany Time
Post Date: 2017-04-27 09:09:52 by Ada
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There are times when I feel pathetically lost and lonely, adrift in a sea of bewildering confusion and unnamed dreads, here in the Mogambo Bunker Of Paranoia And Despair (MBOPAD). Dispirited by the overwhelmingly bad economic outlook everywhere (and bad everything else, too) I languidly look out of the periscope, almost absent-mindedly scanning the perimeter for both real and imagined enemies. Which is not to mention, of course, watching for family members sneaking up on me, each variously wanting me to give them money, take them somewhere, or (shudder) do something useful. In such moments, I idly begin to wistfully remember the good old days of blissful naiveté about economics, ...
China becomes Brazil's biggest investor so far in 2017
Post Date: 2017-04-27 07:09:59 by Tatarewicz
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TawainTimes Xinhua RIO DE JANEIRO, April 24-- China is Brazil's biggest foreign investor so far this year, according to consulting firm Dealogic on Monday. In the first four and half months of 2017, Chinese investors spent 5.67 billion U.S. dollars on mergers and acquisitions, representing 37.5 percent of total investment in the country. Chinese investment in Brazil up to mid-April amounts to nearly half of the 11.92 billion U.S. dollars China spent in 2016. Trailing China were Argentina and Netherlands, with 1.6 billion and 1.1 billion U.S. dollars respectively. The rise in Chinese investment comes at a time when Brazil is improving its trade balance with China, thanks to ...
What Sanctions? JP Morgan and Goldman Sachs Are Among Top Three Investment Banks in Russia
Post Date: 2017-04-27 06:03:20 by Tatarewicz
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RI... Can you name the top three investment banks in Russia? The first is Russia's own VTB Capital. As of this year, the second and third are JP Morgan and Goldman Sachs. Both Goldman and J.P. Morgan subsidiary offices in Moscow lead the leaderboards of dealmakers this year as of April 20. Deals they have participated in include but are not limited to equity offerings, bond issues, and loans. Investment banking deals rose 32% in the 12 months ending April 20 compared to the same period in 2016, according Madison Avenue based consultancy Freeman & Co. Those two name brand investment houses have been riding the trend all year. VTB Capital was the market leader again with 18% of ...
Iran says early Boeing delivery cancelled
Post Date: 2017-04-27 02:52:01 by Tatarewicz
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PressTV... Iran says a plan for the early delivery of a plane from US aviation giant Boeing has been cancelled. Iran says a plan for the early delivery of a plane from US aviation giant Boeing has been cancelled. Iran says a plan for the early delivery of a plane from US aviation giant Boeing has been cancelled and the plane will not be delivered before next spring. Farhad Parvaresh, the head of the country’s national flag carrier airline Iran Air, told the domestic media that Boeing had proposed to hand over a 777-300ER by summer after Turkish Airlines withdrew its order for it. “We welcomed that proposal and started the due technical and commercial studies,” Parvaresh ...
I Have Seen The Future, And The Future Is a Free Market
Post Date: 2017-04-26 09:28:24 by Ada
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According to the news, the economy is in bad shape. See here. Look! Chain retailers going out of business! Malls closing! Whole shopping malls abandoned! Another chain retail giant bites the dust! The end is near! The shelves will be bare! Break out the sackcloth and ashes! Where will America find overpriced kitchen gadgets they’ll never use?! This is, quite simply, ridiculous. I’m probably going to get a lot of static about what I’m going to say because I’m not an “economist” (whatever that is) and I’m not an “expert”. But the truth is, the “experts” have been wrong time and again when it comes to the economy. If this were not so, ...
What the “Deep State” Is Really Up To
Post Date: 2017-04-24 19:13:11 by BTP Holdings
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What the “Deep State” Is Really Up To Posted By: Bill Bonner, Chairman, Bonner & Partners Over the weekend, the term “Deep State” lit up the search engines. Yesterday, Google counted more than 32 million inquiries. There were features on the Deep State – the “shadow government” that runs the country no matter who’s in power – in The Washington Post, The New York Times, The Atlantic, and The New Yorker. The Trump administration, too, has been focusing on the Deep State. White House Press Secretary Sean Spicer: "I think that there’s no question when you have eight years of one party in office, there are people who stay in ...
Celtuce sales slump in NW China
Post Date: 2017-04-24 07:52:56 by Tatarewicz
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en.people's.cn...The sale of celtuce in Weinan, Shaanxi province has recently experienced a sharp decline, with prices dropping to 0.4 RMB ($0.07) per kilogram this year, down from as high as 3.6 RMB in 2016. Great losses are inevitable for farmers, given a growing cost of 1,500 to 2,000 RMB per mu (666.67 square meters). More than 5,000 mu of celtuce is currently left unsold. One farmer, 66-year-old Dong Dongzhi, said he possesses 5 mu of celtuce that he hasn't been able to sell. "Somebody in my village earned just 2,000 RMB for 1.8 mu of celtuce," said Dong, adding that the price per mu is now below 1,000. en.people.cn/n3/2017/0424/c90000-9206794.html What is Celtuce ...
Trump to Sign Buy American, Hire American Executive Order (Via Enforcing Immigration Laws)
Post Date: 2017-04-17 21:52:13 by HAPPY2BME-4UM
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Order will enforce immigration laws, close loopholes, attempt to stop unfair trade practicesPresident Trump will sign a Buy American, Hire American executive order on Tuesday that will attempt to protect the American worker by enforcing immigration laws so that these workers can benefit from higher wages and greater employment as well as cutting out unfair trade practices.The first part of the order—Buy American—is based on the twin pillars of maximizing "Made in America" content and minimizing waivers and exceptions of Buy American laws."Every agency and department of government will conduct a top to bottom assessment aimed squarely at cracking down on weak ...
Saxo Bank: 60% chance of global recession within 18 months
Post Date: 2017-04-16 23:52:56 by Tatarewicz
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PMF... While markets are forecasting only a 10 percent chance of a global recession, Danish investment firm Saxo Bank puts the odds at over 60 percent. "Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the global credit impulse having peaked simultaneously with global inflation," chief economist at Saxo Bank Steen Jakobsen told CNBC. Recently, Jakobsen wrote in a note that while his company doesn't predict a recession, its economic model does see a significant slowdown as "the large credit impulse from China and Europe in the early part of 2016 has not reversed to negative." ...
How they steal our money.... America's Forgotten War Against the Central Banks
Post Date: 2017-04-16 00:37:26 by Tatarewicz
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PMF... "Let me issue and control a nation's money supply, and I care not who makes its laws." (Mayer Amschel Rothschild, Founder of Rothschild Banking Dynasty) Many prominent Americans such as Benjamin Franklin, Thomas Jefferson, and Andrew Jackson have argued and fought against the central banking polices used throughout Europe. A note issued by a central bank, such as the Federal Reserve Note, is bank currency. These notes are given to the government in exchange for an interest-bearing government bond. The primary means to pay for the interest on these bonds is to borrow more bank notes, thus beginning a vicious cycle that ultimately ends with the complete destruction of ...
WaPo Gives Raytheon Lobbyist Free Range To Publish Pro-War Editorials
Post Date: 2017-04-14 15:07:56 by Ada
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The Washington Post has given Ed Rogers, top lobbyist for Raytheon, an outlet for his blatantly pro-war editorials. The Post has failed to disclose Roger’s ties to the weapons manufacturer - whose missiles were used in last week’s strike against Syria - generating yet another conflict of interest for the CIA-funded and Bezos-owned paper. MINNEAPOLIS – The Washington Post, the capital’s paper of record, is at again – pushing war propaganda and failing to disclose glaring conflict of interests within the paper, particularly regarding one of its contributors whose ties to the nation’s largest weapons manufacturers have been conveniently omitted from his WaPo ...
Wealth Disparity
Post Date: 2017-04-10 10:02:26 by Tatarewicz
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C2C...Host: Richard Syrett Guests Mike Sauve, Donald Jeffries American industry has been gutted, with wages and benefits stagnant or reduced, thanks to disastrous trade deals, outsourcing, and the crippling of unions, according to researcher Donald Jeffries. He joined Richard Syrett to discuss the widening income disparity in America, how more and more people are struggling economically and realizing that the system is rigged against them. We've witnessed a massive transfer of wealth into the hands of the people at the top, along with them getting all the perks, benefits, and freebies, even though they don't need them, Jeffries pointed out. The average salary in America is about ...
China Offers Concessions to Avert Trade War With U.S.
Post Date: 2017-04-10 09:30:29 by HAPPY2BME-4UM
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It appears as though the meeting between President Donald Trump and Chinese President Xi Jinping was very successful as China is now offering concessions because it realizes that a trade war will hurt them more than it hurts the United States.Reuters reports:China is prepared to raise the investment ceiling in the Bilateral Investment treaty and is also willing to end the ban on U.S. beef imports, the newspaper also reported.“China was prepared to (raise the investment ceilings) in the BIT but those negotiations were put on hold (after Trump’s election victory),” the Financial Times also reported citing a Chinese official involved in the talks.U.S. Commerce Secretary Wilbur ...
Great Debt Unwind: Personal And Commercial Bankruptcies Surge In March
Post Date: 2017-04-10 02:02:00 by Horse
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Commercial bankruptcy filings, from corporations to sole proprietorships, spiked 28% in March from February, the largest month-to-month move in the data series of the American Bankruptcy Institute going back to 2012. They’re up 8% year-over-year. Over the past 24 months, they soared 37%! At 3,658, they’re at the highest level for any March since 2013. Commercial bankruptcy filings skyrocketed during the Financial Crisis and peaked in March 2010 at 9,004. Then they fell sharply until they reached their low point in October 2015. November 2015 was the turning point, when for the first time since March 2010, commercial bankruptcy filings rose year-over- year. Bankruptcy filings are ...
More Fake News From Washington
Post Date: 2017-04-09 18:55:17 by Ada
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this time it is about employment The US government continues to lie about everything, not just Russia, Syria, Iran, and China. The US government is incapable of telling the truth about something as straightforward as employment. According to the government, March produced only 98,000 new payroll jobs, an insufficient amount to reduce unemployment, but the unemployment rate fell from 4.7 to 4.5 percent. How did that happen? Not because the unemployed found jobs. The unemployment rate fell because the government did not count as unemployed large numbers of unemployed people who did not look for a job during the four week period prior to the survey. The US has a low unemployment rate, ...
Kubota Tractor Moves Headquarters To Texas From California…
Post Date: 2017-04-09 17:28:56 by HAPPY2BME-4UM
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Helping Governor Moonbeam lessen California’s carbon footprint.Via Farm and Ranch: Kubota Tractor Corporation unveiled its new North American headquarters building in Grapevine, Texas, today in a special ribbon cutting ceremony with Governor Greg Abbott, Masatoshi Kimata, President and Representative Director of the Kubota Group, along with State and local officials and supporters from the Grapevine community who all helped to usher in a new era for the company. The company’s move to Texas from Torrance, Calif., is the most significant change it has undertaken in its successful 45-year history in the U.S., where it has introduced over the years a full ...
Influential conservative groups attack Republicans amid a fight over the future of their Obamacare repeal bill
Post Date: 2017-04-06 11:21:35 by Ada
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As the intraparty battle over the Republican plan to overhaul the healthcare system in the US rages on, many influential conservative groups are again making their voices heard early in the process. The Club for Growth and Heritage Action have begun to attack moderate members of the Republican House conference for their opposition to changes being proposed to the American Health Care Act, the GOP legislation that would repeal and replace Obamacare. "The left wing among House Republicans doesn't want to compromise or keep their pledge to voters to repeal Obamacare," Club for Growth president David McIntosh said in a statement on Wednesday. And during a call with ...
Theresa May backtracks on Brexit pledge to end free movement of EU migrants
Post Date: 2017-04-05 06:44:04 by Tatarewicz
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RT. Prime Minister Theresa May has indicated that EU migrants could continue flowing into the UK for years – even after Britain leaves the European Union in 2019. May said free movement may linger in the first couple of years after Brexit, as businesses and governments will need time to adjust while the final deal with the EU is implemented. Read more Britain's Prime Minister Theresa May. © Stefan Wermuth Brexit committee rejects Theresa May’s ‘no deal with EU is better than bad one’ claim Speaking to reporters during her trip to the Middle East, May ruled out stripping EU migrants of their right to free movement during the post-Brexit transitional period. ...
EU, Israel agree to develop Eastern Mediterranean gas pipeline
Post Date: 2017-04-04 06:21:02 by Tatarewicz
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RT... Three Mediterranean EU countries and Israel agreed on Monday to continue pursuing the development of a gas pipeline project that could link gas fields offshore Israel to Cyprus, Greece, and Italy, and potentially help the EU to diversify supplies away from Russia. Read more Euro coins © Dado Ruvic Russia to dominate European gas market for next two decades The energy ministers of Cyprus, Israel, Italy and Greece agreed to initiate discussions on an intergovernmental accordance on the EastMed Pipeline, Greece’s Minister of Energy, Commerce, Industry and Tourism, Georgios Lakkotrypis tweeted on Monday after meeting with his counterparts in Israel. The pipeline could be ...
Iran pressing ahead with plan to ditch dollar
Post Date: 2017-04-04 03:24:02 by Tatarewicz
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PressTV... The Central Bank of Iran (CBI) says it is still working on a plan to reduce the role of the US dollar in its foreign exchange basket. The Central Bank of Iran (CBI) says it is still working on a plan to reduce the role of the US dollar in its foreign exchange basket. A recent controversial decision by a Luxembourg court to endorse freezing Iran’s assets has once against brought a plan by Tehran to ditch the US dollar into the spotlight. The Central Bank of Iran (CBI) in a statement emphasized that it was still trying to reduce the role of the US dollar in its foreign exchange basket – a policy that officials in Tehran had previously said would make the country immune ...
Cooking With Gas: Nord Stream 2 Project Gets Green Light From EU
Post Date: 2017-04-03 07:45:03 by Tatarewicz
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Sputnik... Despite opposition from Poland and Ukraine, the EU Commission is unlikely to stop the Nord Stream 2 project since it enables the bloc to achieve its clean energy objectives. Berlin Trying to Sneak Ukraine Gas Transit Guarantees into Nord Stream II Deal Despite pressure from Poland and Ukraine, the EU is not going to oppose the Nord Stream 2 pipeline project, an EU Commission official told Deutsche Wirtschafts Nachrichten. Brussels says it wants to ensure that EU regulations regarding transparency and competition in the European gas market are respected, but it doesn't see a reason to block the project. "There are no legal grounds for the Commission to oppose Nord ...
Buckle up For Currency Wars
Post Date: 2017-04-03 04:57:34 by Tatarewicz
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RI... The likelihood of serious geopolitical conflict is increasing, current levels of debt across the developed world are unsustainable, and the real probability of currency wars to retain perceived global share may well and truly pop several chains of imploding bubbles. Buckle up The more the central banks meddle and attempt to control natural market forces, the more forceful is the markets blowback. Russia has been home to many prophets, seers, healers and mystics such as Helen Blavatsky, George Gurdjieff, Matrona of Moscow, and Wolf Messing among others. Some have lasted through the tests of time, some not. Among the mosaic of Russian people who have delved into the future, one man ...
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