Search

SEC Files First-Ever Civil Fraud Charges Against ICO Companies

SEC Files First-Ever Civil Fraud Charges Against ICO Companies
That didn't take long. After issuing a ruling in July that officially declared that the tokens sold during initial coin offerings must be registered as securities - a ruling that many hoped would lend a badly needed veneer of legitimacy to the shady ICO market - the SEC is following through with what we imagine will be the first of... Read More

These Maps Explain Who Really Caused Hillary’s Loss (Hint: It Wasn’t Angry, Sexist, Xenophobic, White Men)

These Maps Explain Who Really Caused Hillary’s Loss (Hint: It Wasn’t Angry, Sexist, Xenophobic, White Men)
Ever since election day Hillary and her former minions have attempted to reinforce a narrative that some combination of Russian hackers, James Comey and angry, sexist, xenophobic, white men were the cause of here staggering defeat in November 2016.  That said, a new study highlighted by the Washington Post (of all places) today, confirms that it very well could have... Read More

(What’s Left Of) Our Economy: The Real ‘Dreamer Fakeonomics’

(What’s Left Of) Our Economy: The Real ‘Dreamer Fakeonomics’
Authored by Alan Tonelson via Reality Check blog, If you’ve been following the heated national debate about President Trump’s decision to rescind former President Obama’s Deferred Action for Childhood Arrivals (DACA) program, you know that an economic conventional wisdom has been quickly established. It holds that, whatever you think about the legality, propriety, or morality of ending its legalization process... Read More

Fed Study Confirms Phillips Curve Is Useless: Admitting The Bloody Obvious

Fed Study Confirms Phillips Curve Is Useless: Admitting The Bloody Obvious
Authored by Mike Shedlock via MishTalk.com, The Phillips Curve, an economic model developed by A. W. Phillips purports that inflation and unemployment have a stable and inverse relationship. This has been a fundamental guiding economic theory used by the Fed for decades to set interest rates. A new Fed Study shows the Phillips Curve Doesn’t Work. A fundamental relationship of... Read More

The Toxic Fruit Of Financialization: Risk Is For Those At The Bottom

The Toxic Fruit Of Financialization: Risk Is For Those At The Bottom
Authored by Charles Hugh Smith via OfTwoMinds blog, Those who have pushed the risk down the wealth-power pyramid are confident the Federal Reserve will continue to limit the risks of speculative financialization. One of the most pernicious consequences of financialization is the shifting of risk from the top of the wealth-power pyramid to the bottom: those who benefit the most... Read More

All You Need To Know About CBO Forecasting “Accuracy” In Two Charts

All You Need To Know About CBO Forecasting “Accuracy” In Two Charts
Even as the Republican effort to repeal Obamacare in recent months has suffered one humiliating loss after another, at the hands of none other than the very same Republican party, one government agency has been repeatedly scapegoated for the GOP's failure to come up with a credible and passable alternative to Obamacare: the Congressional Budget Office. Then agan, while hardly... Read More

Dear Bitcoin ‘Wealth Preservers”, You’re Doing it Wrong

Dear Bitcoin ‘Wealth Preservers”, You’re Doing it Wrong
The Point by Fay Dress for Soren K. Group Can you, the reader, substitute Bitcoin for Gold in this statement made by a pre-sellout Alan Greenspan? ? We  cannot.  Bitcoin is Not Money ( and Neither is FIAT) Here is why we cannot:  Bitcoin is a medium of transfer. It is not money yet. It will likely NEVER  be money. While it shares one excellent... Read More

“It’ll Be An Avalanche”: Hedge Fund CIO Sets The Day When The Next Crash Begins

“It’ll Be An Avalanche”: Hedge Fund CIO Sets The Day When The Next Crash Begins
While most asset managers have been growing increasingly skeptical and gloomy in recent weeks (despite a few ideological contrarian holdouts), joining the rising chorus of bank analysts including those of Citi, JPM, BofA and Goldman all urging clients to "go to cash", none have dared to commit the cardinal sin of actually predicting when the next crash will take place.... 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

Seven Sailors Missing After US Navy Destroyer Collides With Merchant Vessel Off Japan

Seven Sailors Missing After US Navy Destroyer Collides With Merchant Vessel Off Japan
Update: Seven sailors of the US Navy destroyer USS Fitzgerald were missing hours after it collided with a Philippine-flagged container ship four times its size in eastern Japan early on Saturday. As reported earlier (see below), the Fitzgerald, an Aegis guided missile destroyer, collided with the merchant vessel at about 2:30 a.m. local time (1730 GMT), some 56 nautical miles... Read More