“On the 18th of May, the Five Star-Movement and the League struck a deal to form a populist government. One of their government’s pledges is to deport half-a-million migrants.”
Read more: https://voiceofeurope.com/2018/05/new-italy-first-coalition-wants-to-deport-500000-migrants/
“‘We are not going to do any violence to the traditional definition of a security that has worked for a long time,’ U.S. Securities and Exchange Commission Chairman Jay Clayton told CNBC Wednesday.”
“This toxic mix – rising interest rates and record high consumer debt in relationship to disposable income – has now started to bite the most vulnerable consumers once again. And for them, debt service is getting very difficult.”
Read more: https://wolfstreet.com/2018/05/22/where-the-debt-slaves-are-the-most-vulnerable/
“While making 100-year loans to an insolvent country with a long history of default is especially insane, it’s important to realize there are a lot of ‘Argentinas’ out there today.”
“The unions are driving their own pensions into the ground; and the government has ZERO bandwidth to bail anyone out, least of all itself.”
“Many people think this boom will last forever. The Great Debt Crisis of 2008 has been largely wiped out of their collective memory.”
Read more: https://weissratings.com/articles/will-the-next-debt-crisis-be-worse-than-2008-when-will-it-begin
“The Fed’s downgrade took place ‘secretly’ about a year ago, and hasn’t been previously made public until today.”
“Like other facilities that store precious metals, the Texas Bullion Depository insures them and has complex security measures to guard people’s assets. Depositors can buy metals from a dealer and have them shipped directly to the depository, or send in what they already own.”
“Since half the world’s population lives within 120 miles of the coast, it thinks offshore data centers could be an efficient, low-latency way of delivering AI applications and gaming content to end users.”
“Who is going to bail out the government?”