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Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom

Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom
Electronic Gold: The Deep State’s Corrupt Threat to Human Prosperity and Freedom Posted with permission and written by Stewart Dougherty, Inferential Analytics       “There are crooks everywhere you look now. The situation is desperate.” Final blog entry by Daphne Caruana Galizia, 53, renowned Maltese investigative reporter who specialized in exposing state corruption; posted on 16 October 2017, one... Read More

Manhattan Office Bubble Fizzles Without Big Chinese Buyers

Manhattan Office Bubble Fizzles Without Big Chinese Buyers
Authored by Wolf Richter via WolfStreet.com, Sales volume in Q3 plunges 67% from a year ago. Manhattan, the biggest most expensive trophy market in the US for commercial real estate, used to be particularly appealing to exuberant foreign investors, such as Chinese conglomerates. But in the third quarter, sales volume of large office properties (minimum $5 million and 50,000 sq.... Read More

Behind Vancouver’s Housing Bubble: How Canadian Casinos Are Use To Launder Millions In Chinese Drug Money

Behind Vancouver’s Housing Bubble: How Canadian Casinos Are Use To Launder Millions In Chinese Drug Money
Nearly two years after we first observed that Vancouver's soaring real estate market is nothing but a bubbling melange of criminal Chinese oligarch "hot money", desperate to get parked offshore in any piece of real estate, but mostly in British Columbia regardless of price, a new multi-year investigation has uncovered extensive links - including money laundering and underground banking -... Read More

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

Mark Hanson Warns, Housing Affordability Never Worse… By A Long-Shot

Mark Hanson Warns, Housing Affordability Never Worse… By A Long-Shot
Authored by Mark Hanson via MHanson.com, Bottom Lines:  The income required to buy a median priced builder house has been more diverged from fundamental, end-user, mortgage-needing, shelter-buyer cohort income (purchasing power), which is why builder demand and end-user resales remain anemic.   Meaningful sales growth with this affordability backdrop is impossible. A mean reversion – via surging wages, new era... Read More

They’re Using Bernie Madoff Math To Hide A Crisis

They’re Using Bernie Madoff Math To Hide A Crisis
Authored by Nick Giambruno via InternationalMan.com, Politicians are always generous with other people’s money… until it runs out. Near the peak of the late-’90s tech bubble, California’s legislature passed the largest pension increase in its history. Today, with as much as $750 billion in unfunded public pension debt, California has one of the worst pension situations in the country. But... Read More

T.Rowe Price Issues A Warning For Investors, Cuts Stock Allocation To Lowest Since 2000

T.Rowe Price Issues A Warning For Investors, Cuts Stock Allocation To Lowest Since 2000
One day after DoubleLine chief Jeff Gundlach told Bloomberg TV that it is time for investors to head for the exits as his highest conviction trade is "volatility is about to go up", and that he is reducing his positions in junk bonds, EM debt and other lower-quality investments on fears investor sentiment may roll over (explaining later to CNBC... 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

‘Madoff Whistleblower’ Harry Markopolous Has Uncovered A New Fraud

‘Madoff Whistleblower’ Harry Markopolous Has Uncovered A New Fraud
Authored by Robert Huebscher via Advisor Perspectives, Harry Markopolos, the investigator who exposed the Bernie Madoff Ponzi scheme, has uncovered a new fraud. The unfunded status of the pension fund of the Boston Transit Authority (the “MBTA”) is $500 million bigger than previously thought, according to Markopolos. This will have a significant impact on the municipal bond market, especially if... Read More

Credit Card Defaults Surge Most Since Financial Crisis

Credit Card Defaults Surge Most Since Financial Crisis
In late April, after some disturbing monthly charge-off reports from major credit card vendors, we reported that according to the latest data from the S&P/Experian Bankcard Default Index, as of March 2017, the default rate on US credit cards had jumped to 3.31%, an increase of 13% from a year ago, and the highest default rate since June 2013. The... Read More