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TEPCO Admits Contaminated Water Leaked Into Fukushima Groundwater “Due To Erroneous Gauges”

TEPCO Admits Contaminated Water Leaked Into Fukushima Groundwater “Due To Erroneous Gauges”
In a revelation that, for some, will dredge up memories of TEPCO’s stunning admission back in 2013 that nearly 300 tonnes of radioactive material had leaked from the ruins of the Fukushima Daiichi nuclear-power plant into the water outside, contaminating virtually the entire Pacific Ocean, officials at the Japanese power company told the Associated Press that contaminated water may have... Read More

Stagnation Is Not Just The New Normal – It’s Official Policy

Stagnation Is Not Just The New Normal – It’s Official Policy
Authored by Charles Hugh Smith via OfTwoMinds blog, Japan is a global leader is how to gracefully manage stagnation. Although our leadership is too polite to say it out loud, they've embraced stagnation as the new quasi-official policy. The reason is tragi-comically obvious: any real reform would threaten the income streams gushing into untouchably powerful self-serving elites and fiefdoms. In... Read More

A Startling Anecdote About Online Ad Fraud From Uber

A Startling Anecdote About Online Ad Fraud From Uber
One week ago we said that Category 1 storm clouds are gathering over what has traditionally been one of the most lucrative, and perhaps only profitable, sectors to come out of Silicon Valley in decades: online advertising. We directed readers' attention to the recent Global Retailing Conference organized by Goldman Sachs, in which Restoration Hardware's delightfully colorful CEO, Gary Friedman,... Read More

Chinese Bitcoin Trading Soars As Local Exchanges Deny Crackdown Reports

Chinese Bitcoin Trading Soars As Local Exchanges Deny Crackdown Reports
As we noted earlier, bitcoin has been unable to meaningfully reverse the drop that followed reports that Chinese authorities were planning to shut down local digital currency exchanges as part of a crackdown on ICOs. The news, which first surfaced in China’s state-owned Caixin media network, which presumably has sources deep within the Chinese government, sending bitcoin spiraling lower as... Read More

What “Coordinated Recovery”? Global Negative Yielding Debt Hits One Year High Of $7.4 Trillion

What “Coordinated Recovery”? Global Negative Yielding Debt Hits One Year High Of $7.4 Trillion
Two weeks ago, we were surprised to find that despite the recent "growth promise" of what has been called a coordinated global recovery, the market value of bonds yielding less than 0% had quietly jumped by a quarter in just one month to the highest since October 2016. Since then, the paradoxical divergence between the reported "strong" state of the... Read More

The Long, Unwinding Road Of Quantitative Easing

The Long, Unwinding Road Of Quantitative Easing
Authored by Mark Burgess via Columbia Theadneedle Investments blog,  Quantitative easing has served as a life raft for many of the world’s economies. Now central banks face the prospect of moving on, but the question is: how? For investors, the implementation of quantitative easing (QE) has had many benefits, but the withdrawal of this extraordinary monetary support is likely to... Read More

Fred Hickey Warns “It’s Only Question Of When The Tech Time Bomb Goes Off”

Fred Hickey Warns “It’s Only Question Of When The Tech Time Bomb Goes Off”
Authored by Christoph Gisiger via Finanz Und Wirtshcaft, Fred Hickey, editor of the influential investment newsletter «The High-Tech Strategist», warns of trouble ahead for the stock market and spots bright opportunities in the gold sector. Wall Street is in a champagne mood. Last week, thanks to a rally in Apple, the Dow Jones surpassed 22,000 for the first time ever.... Read More

Yanking The Bank Of Japan’s Chain – “It’s Basic Math, Stupid!”

Yanking The Bank Of Japan’s Chain – “It’s Basic Math, Stupid!”
Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum, Mathematical Certainties Based on the simple reflection that arithmetic is more than just an abstraction, we offer a modest observation.  The social safety nets of industrialized economies, including the United States, have frayed at the edges.  Soon the safety net’s fabric will snap. This recognition is not an opinion.  Rather,... Read More

UN Ambassador Haley Warns – America’s “Done Talking About North Korea…”

UN Ambassador Haley Warns – America’s “Done Talking About North Korea…”
Just hours after showing "lethal, overwhelming force" with a 'drill' sending two B-1 bombers over the Korean Peninsula, US ambassador to the UN, Nikki Haley, appears to ratcheted up the warmongering to '11' with her latest tweet... Done talking about NKorea.China is aware they must act.Japan & SKorea must inc pressure.Not only a US problem.It will req an intl solution.... Read More

US Destroyer Nearly Sunk After Deadly Collision; Bodies Of Seven US Sailors Found

US Destroyer Nearly Sunk After Deadly Collision; Bodies Of Seven US Sailors Found
The bodies of seven U.S. sailors missing after the USS Fitzgerald collided with the Philippines-registered ACX Crystal early Saturday were found in flooded compartments of US destroyer, which came close to sinking after the collision tore a gash under the warship's waterline, the U.S. Navy's Seventh Fleet commander said on Sunday. Full navy statement below: A number of Sailors' remains... Read More