“It’s Just Beginning”: US Futures Plunge As Global Rout Hammers Asia, Europe

It is a sea of blood red this October morning as the biggest market rout since February and the longest selloff of the Trump administration triggered a surge of global selling from the U.S. through Asia and spreading to Europe on Thursday, with markets from…

Tesla Default Probability Hits A Record 48%

With Tesla stock plunging 13%, suffering its biggest one day drop in years as the market was forced to evaluate a world in which Elon Musk is no longer affiliated with the company should the SEC get its wish (a proposition which according to Barclays…

Ep. 815 The Big Secret Revealed

Summary: In this episode I address the biggest secret of all — the cover-up of a devastating political spying operation. I also discuss the Democrats’ continued efforts to destroy the life of Brett Kavanaugh.    News Picks: Three times Rod Rosenstein betrayed Trump and protected…

Latest iPhones Greeted With Abysmal Demand In China

Apple’s latest – and disappointing – iPhone product unveiling also revealed the two biggest headaches troubling CEO Tim Cook today: first is the lack of a new “must have” gadget (Apple watch EKG aside), with the iPhone failing to impress the faithful for the second…

China Threatens US With “Consequences” If It Does Not “Immediately” Revoke Sanctions Over Russian Weapons Deal

Just hours after Beijing called off trade talks with the US in the biggest escalation of the trade feud between the two nations, the war of words between China and the US ratcheted up on Saturday, when Beijing lashed out again at Washington, saying that…

In Latest Trade-War Escalation, China Will Cut Tariffs On Imported Goods

As we’ve pointed out in the past, one of China’s biggest disadvantages in the burgeoning trade war with the US is its yawning trade surplus, which constrains its ability to impose retaliatory tariffs on US goods (which explains China’s latest tariff threat). With this in…

Trump Wants Woman Accusing Kavanaugh To Testify

Joining the chorus of opinions over the biggest drama in Washington, President Trump said he wants to hear from the woman who accuses Supreme Court nominee Brett Kavanaugh of sexual assault, saying it would be “unfortunate” if she doesn’t testify before a Senate committee. “If she doesn’t show…

One Of Norway’s Biggest Power Traders Barred After Massive Loss

On of the biggest Norwegian power traders has been banned from trading on Nasdaq after he incurred massive losses he could not cover, leaving numerous commodities and energy firms who are part of the Nasdaq clearinghouse, and the exchange itself, to cover more than a…

The Employment Report Has Become Orwellian In The Extreme

Via Investment Research Dynamics, “Today’s job numbers might be the biggest disaster I’ve ever seen reported. This Fall could get real ugly real fast. The deterioration of the participation rate is so big it makes me suspicious of earlier numbers.” – John Titus, producer of Best Evidencevideos….

11 Rage-Inducing Facts About America’s Wildly Out-Of-Control Student Loan Debt Bubble

Authored by Michael Snyder via The Economic Collapse blog, Higher education has become one of the biggest money-making scams in America… We tell all of our young people that if they want to have a bright future, they must go to college.  This message is…