Category: Economics & Investing

Largest U.S. Coal Producer Skips Interest Payment, Warns Of Bankruptcy; Stock Crashes – B.B. o o o Companies to reduce employment in 2016? – P.S. o o o Items from Professor Preponomics: US News The Liquidity Endgame Begins: Whitings Revolver Cut by $1.2B as Banks Start Slashing Credit Lines (Zero Hedge) Excerpt: “But while lender banks are all too eager to take advantage of the brief surge in equity prices just so they can “help” their clients dilute their shareholder base so to repay the very same lender banks, they know quite well that the equity offering window is rapidly …

AEP: US inflation rears its ugly head as global cycle nears danger zone – G.G. o o o What Happens When Walmart Dumps You – RBS o o o Items from Professor Preponomics: US News US Tornadoes, Storms in February May Cost More than $1B (Bloomberg) Excerpt: “The U.S. suffered the most February tornadoes since 2008, with storms hitting the Plains, Midwest, Southeast, Mid-Atlantic and Northeast, the London-based insurance broker said Tuesday in a report. Heavy snow, ice and hail also caused wreckage across the country.” Our Dangerous Reality (US News & World Report) Excerpt: “In terms of potentially large-to-catastrophic …

12 Frugal Lessons From the Great Depression – D.S. o o o What The Smart Money Is Most Worried About o o o Items from Professor Preponomics: US News We are Headed Toward a Cashless Society? (Mises) House GOP Conference Chair Unveils Bill to Fight Government “Zombies” (Washington Free Beacon) Excerpt: “The legislation would pressure Congress to reexamine government programs whose authorizations have expired by subjecting such programs to a rolling sequester, which would take place over three years and end with a complete elimination of funding if lawmakers have not acted to reauthorize the program. Currently, the federal government …

Amid sales surge, Dollar General plans 900 new stores – RBS o o o Some people just never learn: US credit card debt balloons to $917B: What it means – G.P. o o o Items from Professor Preponomics: US News The Biggest Force Powering the Stock Market is Starting to Disappear, and It Could be a Huge Problem (Business Insider) Excerpt: “The issue that should scare investors is what would happen if this corporate stimulus went away.” Without Buybacks There is No Earnings Per Share Growth (Contra Corner) Excerpt: “According to a chart from Deutsche Bank, as sales and profit …

Food Stamp Beneficiaries Exceed 45M for 56 Straight Months – Sent in by B.B. o o o Hold off on buying forever stamps until after April 10th – The value will drop to $.47 Sent in by C. Maxwell (You might want to check his website out at www.foreverstampvalue.com/ .) o o o Items from Professor Preponomics: US News Senators Accuse State Department of Defying Congress with $500M UN Climate Payment (Fox News) Excerpt: “Lawyers cannot replace the constitutional requirement that only Congress can appropriate money….” Puerto Rico’s Game is Rigged (Washington Examiner) Excerpt: “But as happened 70 years ago, …

SILVER OUTBREAK: Investment Demand Will Totally Overwhelm The Market o o o North Milwaukee State Bank is closed, taken over by a North Carolina bank. – Sent in by G.G. o o o Items from Professor Preponomics: US News The Incredible Story of How Hackers Stole $100M from the New York Fed (Zero Hedge) Excerpt: “…everything from casinos, to money laundering and ultimately a scheme to steal $1 billion from the Bangladeshi central bank.” Warning: Commentary following the article may include bad language and/or inappropriate avatar images. $1B Plot to Rob Fed Accounts Leads to Manilla Casinos (Bloomberg) Excerpt: “…just …

The Curious Case Of The 550 Million Missing Barrels Of Crude Oil o o o Commercial property bubble gets out of control: Commercial real estate is now up 102 percent from the lows reached in 2009. o o o Items from Professor Preponomics: US News Demand Agencies Go to the Chopping Block (Government Waste Fraud and Abuse) This is an excellent opinion piece written by columnist Cal Thomas. Excerpt: “We live in troubled times. The institutions we once trusted no longer seem reliable.” Feds Paid $709,000 to Academic Who Studies How Glaciers are Sexist (Daily Caller) “Merging feminist postcolonial science …

Chinese Exports Plunge 25.4 Percent Compared To Last Year o o o Deflation Is Coming To The Auto Industry As Used Car Prices Drop, Off-Lease Deluge Looms – Sent in by RBS o o o Items from Professor Preponomics: US News Former BP CEO Expects More US Bankruptcies (Fox Business) International News Italy Isn’t Greece — It’s Worse (Business Insider) Excerpt: “…banks will be allowed to cleanse their balance sheets by packaging the NPLs and selling them to investors, along with enticing government guarantees for the least risky portions of the debt. The catch? The securities must be priced at …

Death Of Paper Gold Picks Up Speed Big Time Today o o o President Obama Calls Surprise Meeting With Financial Stability Oversight Council. Sent in by P.R.M. o o o Items from Professor Preponomics: US News Thanks, Bush and Obama: 1 in 7 Americans Were on Food Stamps in 2015 (Mises) Excerpt: “Forty-five million Americans were on food stamps — also known as the Supplemental Nutrition Assistance Program (SNAP) — at some point in 2015.” The Hurdles to Getting US Workers Off the Sidelines (Wall Street Journal) Note: The Wall Street Journal may require sign-on, registration, and/or an active subscription …

The overheating real estate market: Even the National Association of Realtors acknowledges that rising home prices without rising incomes is not a good thing. Deep analysis of Culver City home and surrounding properties. o o o BlackRock Suspends ETF Issuance Due To “Surging Demand For Gold” o o o Items from Professor Preponomics: US News Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve (Cato Institute) Excerpt: “Most of all, they are based on the na?ve belief that markets are mathematizable. The Fed’s regulatory stress tests are subject to all these problems and more.” Obamacare Ripe for Fraud While …

K.F. submitted this article. It was written about a month ago but is very compelling: Facing the Next War: Financial Systems o o o Items from Mr. Econocobas: German Banks Told To Start Hoarding Cash In The Past Year, The U.S. Added 360,000 Waiters And Only 12,000 Manufacturing Workers Jim Rogers: There’s a 100% Probability of a U.S. Recession Within a Year. (Text with accompanying video.) Items from Professor Preponomics: US News Which States Rely Most Heavily on Federal Spending (Mises Wire) 9 Charts Showing Americans Never Recovered from the Great Recession: If You are Wondering Why People are So …