South African rand crashes as ‘affirmative action’ mining charter introduced

“In addition to the minimum 30 percent black ownership requirement, mining company boards must be 50% black people with 20% black women.”

Read more: https://www.zerohedge.com/news/2018-06-15/rand-slides-6-mo-lows-south-africa-unveils-affirmative-action-mining-charter

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Bill Bonner: Trump’s Not Like Ike

“Was it General Eisenhower who saw more clearly than any of us?”

Read more: https://bonnerandpartners.com/trumps-not-like-ike/

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The U.S. economy is roaring, but the yield curve is flattening. What gives?

“The flattening curve pointed to a deep pessimism among bond investors who see the economy fading away its short-term boost from fiscal stimulus and tax cuts.”

Read more: https://www.marketwatch.com/story/the-us-economy-is-roaring-but-the-yield-curve-is-flattening-what-gives-2018-06-14

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If The Fed Fears An Inverted Yield Curve, Why Is It Producing One?

“An inverted yield curve has been a great tool to predict U.S. recessions, with the yield spread between three-month bills and 10-year notes falling below zero before each of the past seven slowdowns. But it doesn’t usually happen immediately. That means a recession could come in late 2019, in 2020, or even later. That probably doesn’t come as a surprise to most investors after one of the longest economic expansions in history.”

Read more: https://www.bloomberg.com/view/articles/2018-06-13/fed-decision-an-inverted-yield-curve-is-imminent

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Fund managers joining Buffett in preparing for an ‘ugly’ downturn

“Beinner highlights the increase of global debt, now upwards of $237 trillion and the way the debt has been dispersed as risks to the economy. Rather than banks holding most of the debt as it happened in the financial crisis, this time it’s hedge funds, private equity and investment managers holding most of it. Also worrisome, he says, ratings agencies are again being overly generous with their appraisals allowing for companies with very high debt levels to gain investment-grade ratings.”

Read more: https://finance.yahoo.com/news/fund-managers-say-see-next-economic-crash-looming-144251620.html

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South African far-left party leader assures white people he won’t kill them – yet

“It’s truly astonishing that someone so dangerous and out of touch has been able to rise to power. And even more astonishing how quickly it’s happened.”

Read more: https://www.sovereignman.com/trends/the-hitler-of-south-africa-tells-white-people-he-wont-kill-them-yet-23774/

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The EU’s Copyright Proposal is Extremely Bad News for Everyone, Especially Wikipedia

“Sites will have to pay to license the technology to match submissions to the database, and to identify near matches as well as exact ones. Sites will be required to have a process to allow rightsholders to update this list with more copyrighted works.  Even under the best of circumstances, this presents huge problems.”

Read more: https://www.eff.org/deeplinks/2018/06/eus-copyright-proposal-extremely-bad-news-everyone-even-especially-wikipedia

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Why Are California’s Legal Marijuana Sales So Low?

“Grey and black market consumers don’t get hit with stiff sales and excise taxes, and if they can still get it from the guy down the street, why pay those high, state-legal prices?”

Read more: https://stopthedrugwar.org/chronicle/2018/may/30/why_are_californias_legal

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Oregon marijuana prices plummet due to massive oversupply

“In response, state regulators will temporarily stop processing new applications for marijuana licenses starting June 15.”

Read more: https://blog.sfgate.com/smellthetruth/2018/06/01/oregon-marijuana-prices-plummet-due-to-massive-oversupply/

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An Anti-Semitic American Law Created the State of Israel, and a Whole Lot of Trouble

“The 20th century and beyond would have looked very different had America welcomed rather than scorned immigrants.”

Read more: https://libertarianinstitute.org/tgif-anti-semitic-law-israel/

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