“A Reuters analysis of U.S. household data shows that the bottom 60 percent of income-earners have accounted for most of the rise in spending over the past two years even as the their finances worsened – a break with a decades-old trend where the top 40 percent had primarily fueled consumption growth.”
“To Venezuelans such wisdom is essential, because when you are coping with hyperinflation, the long term is next week.”
“Donald Trump is the last person who wants to see interest rates go up. Not only does his personal business empire depend on low rates… so does his political empire.”
Read more: https://bonnerandpartners.com/the-fed-cant-stop-whats-coming/
“By contrast, institutional investors and hedge funds have been net sellers of stocks in 2018.”
Read more: https://banyanhill.com/corporate-americas-buybacks-scam/
“The situation recalls a similar incident in February when MEW was affected by a DNS attack that saw at least $365,000 of crypto stolen from users.”
Read more: https://techcrunch.com/2018/07/09/myetherwallet-hit-by-attack-hola/
“Over time, attaining financial wealth became an absolute prerequisite for wielding geopolitical power and influence. The old military variety appears almost feeble standing next to the contemporary Financial Arms Race.”
Read more: http://creditbubblebulletin.blogspot.com/2018/07/weekly-commentary-intimidate-nobody.html
“In China the fingerpointing over who is responsible for China’s economic mess has begun.”
“The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market.”
“The White House budget office now estimates that the deficit will rise to nearly $1.1 trillion in the fiscal year that begins this October, or 5.1% of gross domestic product, up from $984 billion projected in February’s budget proposal. The U.S. ran a deficit of $666 billion for the fiscal year that ended Sept. 30, 2017, or 3.4% of GDP.”
“In private conversations, investors, entrepreneurs and economists admit that with the high debt level and a trade war with the United States, the room for government maneuvering is shrinking. The degrees of pessimism vary, but many of them are bracing for a tough ride ahead. They told me to change all my savings into gold, a risk-management measure for extreme times. They worry that the trade war will hurt the tech and the venture capital industries because they operate globally.”
Read more: https://www.cnbc.com/2018/07/17/latest-sign-of-chinas-slowdown-a-technology-cash-crunch.html