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California Mulls Combustion-Engine Car Ban: “You Could Stop All Sales By 2030”

California Mulls Combustion-Engine Car Ban: “You Could Stop All Sales By 2030”
California, the state which single-handedly turned Elon Musk into the billionaire that he is today by forcing taxpayers to subsidize his unprofitable electric vehicle scam via "Zero Emission Vehicle" credits, is now considering a full ban of combustion-engine cars by as early as 2030. The potential ban was discussed by Mary Nichols of the California Air Resources Board, the same... Read More

Two Italian Zombie Banks Toppled Friday Night

Two Italian Zombie Banks Toppled Friday Night
Authored by Wolf Richter via WolfStreet.com,  ECB shuts down Veneto Banca and Banca Popolare di Vicenza. When banks fail and regulators decide to liquidate them, it happens on Friday evening so that there is a weekend to clean up the mess. And this is what happened in Italy – with two banks! It’s over for the two banks that have... Read More

Obama Pockets $3.2 Million For Speaking Gig In Milan

Obama Pockets $3.2 Million For Speaking Gig In Milan
President Obama, the preeminent crusader against the evils of Wall Street, took some heat from his Progressive pals a few weeks ago when it emerged that as his first paid speech appearance he would receive $400,000 for roughly an hour of his time from, well, Wall Street, or rather Cantor Fitzgerald. But the irony didn't end there.  In an effort... Read More

Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?

Michael Hudson: Trump Is Obama’s Legacy – Is This The End Of The Democratic Party?
Authored by Michael Hudson via NakedCapitalism.com, Nobody yet can tell whether Donald Trump is an agent of change with a specific policy in mind, or merely a catalyst heralding an as yet undetermined turning point. His first month in the White House saw him melting into the Republican mélange of corporate lobbyists. Having promised to create jobs, his “America First”... Read More

Ben Hunt’s Mailbag – Life In Trumpland

Ben Hunt’s Mailbag – Life In Trumpland
Via Ben Hunt of Salient Partners' Epsilon Theory blog, The best part about this job, other than being recognized in random bars by 50-year old financial advisors who are always good to buy me a drink (hey, you take your celebrity where you can), is the correspondence with readers. I began writing Epsilon Theory 3+ years ago from a pretty... Read More

The 100 Year Debt-Supercycle Is Coming To An End: “Facing Greatest Crisis In Human History”

The 100 Year Debt-Supercycle Is Coming To An End: “Facing Greatest Crisis In Human History”
The government deal on the debt ceiling is coming to an end next month, and there is about to be a great deal of noise about it. But, as SHTFPlan.com's Mac Slavo notes, while the system is most likely to simply pass the buck around again, things may have finally reached the point where the road cannot be stretched further... Read More

“The Odds Of A ‘Spark’ Setting Off A Global Economic Conflagration Are Very High”

“The Odds Of A ‘Spark’ Setting Off A Global Economic Conflagration Are Very High”
Submitted by via InternationalMan.com, In 1871, a large portion of the city of Chicago burned to the ground. The Chicago Tribune attributed the fire to a cow owned by a Mrs. O’Leary. The Tribune stated that the cow kicked over a lantern as she was being milked, burning the barn and much of Chicago. Whether the story is accurate is... Read More

Tomorrow’s Vote In Italy Will Be A “Wide-Ranging F**k Off”, And It’s Just The Start…

Tomorrow’s Vote In Italy Will Be A “Wide-Ranging F**k Off”, And It’s Just The Start…
Submitted by Nick Giambruno via InternationalMan.com, Tomorrow, December 4, Italy is holding a referendum that will determine the fate of the entire European Union. Donald Trump’s victory—which shocked Europe’s political and media elite—gives the populists backing the “No” side of Italy’s referendum the political rocket fuel they need for a virtually guaranteed win. That momentum will be all but impossible... Read More

JPMorgan Tells Investors: Ignore Mainstream Media

JPMorgan Tells Investors: Ignore Mainstream Media
In its 'year-forward' 2017 outlook, JPMorgan's Marko Kolanovic warns that: In the short-term, with additional rate hikes imminent and the record level of the USD, we are at an increased risk of repeating the scenario from January 2016 where fundamental and systematic investors were selling at the same time in the aftermath of a Fed hike (albeit, some risks are... Read More

Will Donald Trump End The American Unipolar Moment?

Will Donald Trump End The American Unipolar Moment?
Submitted by Federico Pieraccini via Strategic-Culture.org, We are facing an unprecedented breakthrough: a global change that potentially could definitively overwhelm the unipolar world order created after the fall of the Berlin Wall in 1989 and sent into overdrive by the 9/11 so-called War on Terror. The victory of Donald Trump is the most emblematic representation of a total repudiation by... Read More