ECONOMY | WHAT REALLY HAPPENED


ECONOMY

Jul 22 19:02

At Wall Street Journal, Government-Enforced Monopolies = ‘Free Market’

Those folks at the Wall Street Journal are really turning reality on its head. Today it ran a column by Robert Ingram, a former CEO of Glaxo Wellcome, complaining about efforts to pass “transparency” legislation in Massachusetts, New York and a number of other states.

Jul 22 18:05

If We Were Going To See A Stock Market Crash In The United States In The Fall Of 2015, We Would Expect To See Commodity Prices Begin To Crash A Few Months Ahead Of Time – So Guess What Is Happening Right Now?

When global economic activity slows down, demand for raw materials sinks and prices drop. So important global commodities such as copper, iron ore, aluminum, zinc, nickel, lead, tin and lumber are all considered to be key “leading indicators” that can tell us a lot about where things are heading next. And what they are telling us right now is that we are rapidly approaching a global economic meltdown.

Jul 22 16:08

McCullough: Gold vs. Central Bankers?

Jul 22 15:38

12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession

...if you stand back and take a broader view of things, what has been happening to the U.S. economy truly is quite shocking. The following are 12 ways that the U.S. economy is already in worse shape than it was during the depths of the last recession…

Jul 22 15:11

The advertising glut dooms the social media industry

Webmaster addition: I would love to be able to run this site with no ads, but it just cannot be done. The first 12 years I ran this web site I did pay for it out of my own pocket, but my film career has been ended, and if you all want to continue coming to whatreallyhappened.com then it is donate more or deal with the ads. And yes, some of the ads are clearly intended to lure readers away with girlie pictures and other tabloid-esque tricks. I am getting frustrated with the emails from readers who are not paid members (paid members do not see the ads) acting like I am under some kind of obligation to provide whatreallyhappened.com as a free service to them and complaining about how "commercial" I am becoming. I dare those whiners to get off their butts and create/run a website like this for twenty plus years and see if it is as easy as they seem to think it must be. This is a 14 hour a day job for which I am not paid. I don't make money off of the radio show.

Jul 22 13:05

THE LOOTING OF SOCIAL SECURITY TO BALANCE THE FEDERAL BUDGET

GREENSPAN: I will wait to see what the numbers look like.

HOLLINGS: Well, the truth is...ah, shoot, well, we all know there's Washington's math problem. Alan Sloan in this past week's Newsweek says he spends 150%. What we've been doing, Mr. Chairman, in all reality, is taken a hundred billion out of the Social Security Trust Fund, transferring it over to the spending column, and spending it. Our friends to the left here are getting their tax cuts, we getting our spending increases, and hollering surplus, surplus, and balanced budget, and balanced budget plans when we continue to spend a hundred billion more than we take in.

Webmaster's Commentary: 

Reposted in light of the announcement that the Social Security Disability Fund has run out of money!

Jul 22 12:53

Far More Despicable Than Treason.

America is an occupied nation. Our soldiers die at the whim of our occupying powers. Our wealth is stolen. Our streets are occupied by millions of street thugs. Our government imports illegal drugs into the USA by the planeload which is sold at a profit. Then drug addicts rob us to pay for their addictions. Often those same planes that flew drugs into America are used to fly out children who were sold to wealthy pedophiles overseas.

The occupying power has been looting us. The Department of Defense has admitted that they spent $8.5 trillion that cannot be traced. I remember Max Keiser and Stacy Herbert saying that Dubai bank managers told them that American contractors from Iraq and Afghanistan made average deposits of $2.5 million in cash before rotating home.

Jul 22 12:37

Five Years Later, Dodd-Frank is on the Chopping Block

On the fifth anniversary of the Dodd-Frank financial reform package, few are touting tis success. While Democrats try to uphold a piece of legislation that's only a husk of its original self, Republicans want to dismantle completely what's left of it.

REP. JEB HENSARLING (R-TX): Just like Obamacare, Dodd-Frank is leftist. With fewer choices, higher costs, and less freedom. It's time we commit to making sure this anniversary is Dodd-Frank's last anniversary.

HEDGES: Supporters of the bill say Dodd-Frank has been beneficial, from the creation of the Consumer Financial Protection Bureau, or CFPB, to rules on risky trading and more transparency, advocates say that if anything, Dodd-Frank doesn't go far enough.

Jul 22 12:27

Brooklyn Hipsters Sell Water For $11 A Liter

Jul 22 11:51

War Profiteers: Victoria Nuland and Co. Making Money on Endless Wars

American neocons have turned wars into a profitable business, a US investigative journalist exposes, nailing Assistant Secretary of State Victoria Nuland and her husband, arch-neocon Robert Kagan, for their dubious foreign strategy.

Despite the unsuccessful and disastrous Iraqi war launched under the George W. Bush administration, neocons still play the first fiddle in Washington, American investigative journalist Robert Parry emphasizes.

Jul 22 11:30

Chilling Words In A Steamy Market

Jul 22 11:09

Are we evolving beyond capitalism?

Jul 22 10:47

Makerspaces and the Future of Healthcare

By Brian Berletic

Bangkok-based makerspace Maker Zoo just recently gave a talk at the invitation of Bangkok's Queen Sirikit National Institute of Child Health (QSNICH). The talk was meant to give an introduction to healthcare professionals about the tools and techniques used by makers to develop prototypes at breakneck speed and for a fraction of the cost of traditional processes and to talk a little about the potential collaboration between healthcare institutions and makerspaces...

Jul 22 10:41

Psychopathy in Politics and Finance - Stefan Verstappen on GRTV

Jul 22 10:39

BRICS/SCO sow panic in Exceptionalistan

As austerity-ravaged Europe watches its undemocratic “institutions” grapple with the Greek tragedy, and the US backtracks on a fair nuclear deal with Iran, geopolitical tectonic plates are shifting in the Urals.

Can you feel an inchoate multipolar world? Well, just look right here at the BRICS 2015 Ufa declaration. The EU is hardly featured in the BRICS declaration and not by accident.

Forget about the dead on arrival G7. This – the joint BRICS/SCO summit – is the real deal in 2015. Russia’s diplomatic masterstroke was to merge two summits – BRICS and the Shanghai Cooperation Organization (SCO) - with a third, informal meeting of the Eurasian Economic Union (EEU).

Jul 22 10:24

China's Record Dumping Of US Treasuries Leaves Goldman Speechless

We then put China's change in FX reserves alongside the total Treasury holdings of China and its "anonymous" offshore Treasury dealer Euroclear (aka "Belgium") as released by TIC, and found that the dramatic relationship which we first discovered back in May, has persisted - namely virtually the entire delta in Chinese FX reserves come via China's US Treasury holdings. As in they are being aggressively sold, to the tune of $107 billion in Treasury sales so far in 2015.

Jul 22 10:23

Wall Street Prepares To Reap Billions From Another Main Street Wipe Out

On Monday evening, we noted that market participants are reducing the size of their trades and turning to derivatives in order to avoid the perils associated with what are increasingly illiquid markets.

While we’ve been pounding the table on bond market liquidity for years, the rest of the world (operating on the standard 2-3 year time lag) has just begun to wake up to how thin markets have become. Now, pundits, analysts, billionaire bankers, and incorrigible corporate raiders alike are shouting from the rooftops about the pitfalls of illiquidity. The secondary market for corporate credit has received the lion’s share of the attention (for reasons we outlined yesterday) and as Carl Icahn was at pains to explain to Larry Fink last week, ETFs are a large part of the problem.

Jul 22 10:07

New Jersey doubles state allocation for Holocaust survivors

New Jersey has doubled the allocations in its state budget for Holocaust survivors.

The state’s Jewish Family Service agencies will receive $400,000 in the new fiscal year to serve Holocaust survivors as part of a “Grants in Aid” allocation, the New Jersey Jewish News reported.

The allocation announced earlier this month brings the three-year total to $1 million in state funding for services to New Jersey’s 4,700 Holocaust survivors, according to the newspaper.

The additional funding will provide survivors with 11,000 hours of home care service, 3,000 meals, and 1,500 hours of case work and social service needs management, according to the New Jersey Jewish News.

Jul 22 08:41

Israeli college in East Jerusalem bags $15 million of EU funds

The “earthquake” claim was made by an unnamed official who was widely quoted in the press. The official had voiced displeasure at new EU “guidelines” stating that the Union would not award subsidies to Israeli firms or institutions based in the occupied West Bank (including East Jerusalem).

I was skeptical of these guidelines. While Prime Minister Benjamin Netanyahu depicted them as an existential threat to Israel, my feeling was that they did little more than reiterate the EU’s official policies.

Because they did not seem to be accompanied by a proper monitoring system, I also felt that it would be easy for Israeli institutions or companies active in the West Bank to circumvent them.

The latest available data on Horizon 2020, the EU’s scientific research program, proves that my skepticism was well-founded.

Jul 22 07:55

Three Israelis arrested in relation to JPMorgan hack, securities fraud

U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer's massive data breach at JPMorgan Chase & Co, according to news reports.

The hacking of JPMorgan's computers compromised information in 83 million household and small business accounts, making it one of the largest such breaches in history.

Jul 22 06:49

Will September 2015 change everything? “Ship is going down”

We have heard a lot of dire predictions listing September 2015 as the “event” date, people claiming asteroids or comets would hit, visions of earthquakes and tsunamis, and many pointing to the religious connotations of the 7 year Shemitah cycle… but in the interview you will hear below with financial expert Jeff Berwick, he looks at the Shemitah cycle not through a religious prism, but from a financial analysis point of view.

Jul 22 06:43

3-minute poetic video: .01% tell the 99.99% we’re worthless, that’s the economic problem. Ready for arrests of .01% criminals?

*hyperlinks/videos live at source*

hat tips: What really happened, Wake up from your slumber and Agnes Torok

“Say it’s not political, say it’s just the way it is that food banks can be cut but big banks need to be bailed out.” (from the following 3-minute poetic video)

https://www.youtube.com/watch?v=kiaxHUFAWew

The economic and political costs of Earth’s current .01% “leadership” demand responsible citizenry response of arrests for OBVIOUS crimes centering in war and money.

The Emperor’s New Clothes facts:

Jul 22 06:00

Iran agreement defeats US neocons: Ron Paul

Former US presidential candidate Ron Paul says the successful conclusion of nuclear talks between Iran and the P5+1 group of countries has defeated America’s neoconservatives seeking war against the Islamic Republic.

Jul 22 05:39

Germany, Iran discuss banking issues

Iran and Germany have discussed expanding banking cooperation which is vital to Tehran’s rehabilitation into the global financial fold from which it was shut off for years under draconian US and European sanctions.

A major achievement of last week’s finalization of nuclear talks for Iran was its restored access to the global financial transfer system called the Society for Worldwide Interbank Financial Telecommunication or SWIFT.

Jul 22 02:56

11 Signs That America Has Already Gone Down The Toilet

Just when you think that the depravity of the United States cannot possibly get any worse, something else comes along to surprise us. Many of the things that you are about to read about in this article are incredibly disturbing, but it is important that we face the truth about how far this nation has fallen. There are times when I will be having a conversation with someone else about the state of our country, and the other person will say something like this: “Wow – America is really going down the toilet.”

Jul 21 23:01

Greece: The Courage of Hopelessness

Greece is not being asked to swallow many bitter pills in exchange for a realistic plan of economic revival, they are asked to suffer so that others in the European Union can go on dreaming their dream undisturbed.

Jul 21 18:21

12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession, And This Is Just The Beginning Of The Pain.

Did you know that the percentage of children in the United States that are living in poverty is actually significantly higher than it was back in 2008? When I write about an “economic collapse”, most people think of a collapse of the financial markets.

Jul 21 14:36

Worthless

British performer Agnes Töröka performs a three-minute poetic rallying call for those most impacted by the austerity fad, taking aim at revolving internships, impossible debt burdens and the slashing of budgets for social programs, juxtaposing it with the raiding of the public purse to fund bailouts of banks. In one day, the video clocked up almost 100,000 views.

Jul 21 14:24

Federal Reserve documents stagnant state of US economy

The US Federal Reserve Board last week released its semiannual Monetary Policy Report to Congress, providing an assessment of the state of the American economy and outlining the central bank’s monetary policy going forward. The report, along with Fed Chair Janet Yellen’s testimony before both the House of Representatives and the Senate, as well as a speech by Yellen the previous week in Cleveland, present a grim picture of the reality behind the official talk of economic “recovery.”

Jul 21 12:30

This is what ‘austerity’ really means…

Jul 21 12:18

Missing Gold, Unpayable Debts, Financial Crises, Bail-Outs and Bail-Ins… There Must Be a Better Way

The US congress bailed-out the banking sector, General Motors, and others with $700 Billion from TARP.

The Federal Reserve added approximately $4 Trillion to their balance sheet with Quantitative Easing and other programs in their effort to bail-out the banking cartel since the 2008 crisis.

Cyprus banks confiscated deposits, after the elite and insiders exited early, and they called it a bail-in. That confiscation is the template for future bank failures in Europe, Canada, the US and other countries.

We may eventually see similar confiscations (bail-ins) in Greek banks, as well as in Spain, Italy, Ireland, the United States, and others.

There must be a better way!

Jul 21 11:34

Deja Vu: The Return Of The 4-Horseman Of Tech

Jul 21 11:08

The Price Of Gold Gets “Curiouser And Curiouser!”

“Edward Bernays was Sigmund Freud’s nephew. He believed that the population had to be manipulated in a democracy to keep order. As I mentioned yesterday, Bernays was instrumental in getting women to smoke for his cigarette company client and to get the American people to support a CIA overthrow of a Guatemalan government that was uncooperative with United Fruit Company. Bernays uses the lowest instincts of humans and appeals to those “animal spirits” over their better judgement to influence mass viewpoints.” This summary of the roots of modern U.S. propaganda techniques was sent to me by Jay Taylor, LINK.

Josef Goebbels implemented Bernays’ theories and techniques in crafting the infamous Nazi Germany propaganda machine. As Naom Chomsky chronicles in his preface to Bernays’ book, “Propaganda,” the U.S. Government and U.S. corporations hired Bernays in late 1920’s in order to utilize his techniques on the American public. The rest, as they say, is history…anyone remember 9/11?

Jul 21 10:22

DOW JONES OFF 200

Jul 21 10:06

Is Bitcoin about to explode 50x again?

Jul 21 09:17

Greeks Laugh As Bankers Implore Depositors Return Money - "Banks Are Trustworthy"

President of Greek Banks Association Louka Katseli appealed at the citizens to return their money to the banks. “Banks are absolutely trustworthy,” Katseli told Mega TV “as guaranteed by the ECB and the Bank Association, but they would have been even more powerful if 40 billion euros had not been withdrawn in the last months. Katseli, a former PASOK Minister, appealed to citizens to return their deposits to the banks “now that the banks are open” after a three-week holiday and capital controls.

Jul 21 09:01

Appliance industry warns federal dishwasher regs would lead to dirty dishes

The recent proposal from the Department of Energy is meant to boost dishwasher efficiency by setting stricter limits on the amount of water each dishwasher can use, among other changes. Under the plan, washers could use only 3.1 gallons of water for a single load.

But an appliance industry group says the new measures would be counterproductive -- as they'd force users to run their dishwashers more, and hand-wash, just to get the same results, in turn using more water.

Jul 21 08:50

Obama Seeks to Expand Overtime Pay

President Obama speaks on his proposal about plans increase overtime pay for 5 million Americans.

Jul 21 08:50

Comparing US and Chinese Investors

A new infographic was recently released comparing US and Chinese investors.

Jul 21 08:49

Has Apple Hit Its Peak?

Apple stock peaked in April and since that time, shares have lost 9% of their value.

Jul 21 08:48

China’s Stock Market Crash Hits the Streets

A new video report shows what some street vendors and other business owners in China think about the Chinese stock market crash.

Jul 21 08:48

Is Sweetgreen the next Chipotle?

Sweetgreen is a salad start-up that is being dubbed the “next Chipotle”.

Jul 21 08:20

Greece to confirm construction of natural gas pipeline jointly with Russia — minister

Greece supports the plan of building a natural gas pipeline jointly with Russia to be an extension of the Turkish Stream gas pipeline, new Minister of Productive Reconstruction, Environment and Energy of Greece Panos Skourletis said on Monday at the ceremony of responsibilities’ handover from the former minister Panagiotis Lafazanis. Skourletis said the plan of building a new Greek-Russian gas pipeline in the territory of Greece is supported. It opens new opportunities to be used, the minister said.

Jul 21 08:14

Puerto Rico Says Services Come Before Agency Debt Payment

Puerto Rico’s budget director ratcheted up the risk of a default on some agency securities, saying cash from the commonwealth’s operating budget won’t be redirected to make debt payments due next month. The comments from Luis Cruz, director of the Office of Management and Budget, come as Standard & Poor’s slashed its rating on the Public Finance Corp.’s bonds to CC from CCC-, calling an Aug. 1 default on the securities a “virtual certainty.”

Jul 21 08:11

Federal Court Orders Securities and Exchange Commission to Release Documents Related to Chiquita’s Support of Terrorism in Colombia

The Securities and Exchange Commission (SEC) has been ordered by a federal appeals court to release nearly 10,000 records to a university research group investigating Chiquita Brands International’s support of a terrorist group in Colombia. The National Security Archive, based at The George Washington University in Washington, DC, had to sue to get the documents, which were requested under the Freedom of Information Act (FOIA). It took its case to the U.S. Court of Appeals for the District of Columbia, which directed the SEC to release 9,257 pages of records produced by Chiquita related to the AUC payments.

Jul 21 08:10

New Immigrants from China and India Now Outnumber Immigrants from Mexico

The debate over immigration in the United States has a new geographic direction. No longer is Mexico the leading country for new immigrants into the U.S., according to figures from the U.S. Census Bureau. As of 2013, China and India sent more immigrants to the U.S. than Mexico, Census figures show. About 147,000 Chinese immigrants arrived two years ago, followed by India with 129,000. Mexico was third, sending 125,000 to the U.S.

Jul 21 07:52

Commodities Rout Deepens

Jul 21 07:48

Shock Video Catches Another Top Planned Parenthood Doctor Selling Body Parts of Aborted Babies

A second shocking video in as many weeks has been released showing a top Planned Parenthood official discussing and arranging the sale of body parts of aborted babies. The first video shows Planned Parenthood Federation of America’s Senior Director of Medical Services, Dr. Deborah Nucatola, describing how Planned Parenthood sells the body parts of aborted unborn children and admitting she uses partial-birth abortions to supply intact body parts.

In this video, Mary Gatter, the Medical director at Planned Parenthood Pasadena and San Gabriel Valley in Calfiornia, discusses selling aborted baby body parts with undercover investigators posing as officials with a biotech company that acts as a middleman to sell aborted baby body parts to universities and other places that conduct such research. Gatter is a senior official within Planned Parenthood and is President of the Medical Directors’ Council, the central committee of all Planned Parenthood affiliate medical directors.

Jul 21 07:48

Did The Internet destroyed The Middle Class?

Jul 21 07:38

Buffett, Johnny Depp Snap Up “Cheap” Greek Islands

ANA-mpa reported that American actor Johnny Depp also purchased a Greek island late last week for €4.2m. The island of Stroggilo is located in the Aegean Sea near the popular Marathos island.

Brad Pitt and Angelina Jolie are also reported to have expressed interest in the Greek islands.

Jul 21 07:18

22 percent of US children live in poverty: Report

Nearly one in four children is living in poverty in the United States, a higher percentage compared to the poverty rate during the Great Recession in the late 2000s, according to a new report by a child advocacy group.

About 22 percent of Americans kids, 18.7 million, lived in low-income households in 2013, a four percent increase since 2008, the Annie E. Casey Foundation said in a report released on Tuesday.

Jul 21 07:12

11-minute video: Japan awakes to being an economic slave colony of the US, approaching revolution

*hyperlinks/videos live at source*

hat tip: Luke Rudkowski of WeAreChange and economist Marc Abela

https://www.youtube.com/watch?v=uW_Bs7xHLL4&feature=em-subs_digest

Economist Marc Abela explains in the video that Japanese are awakening to the fact that their government serves interests other than those of the Japanese people:

Prime Minister Abe works for increasing and ongoing financial support of US unlawful and lie-began wars, including keeping the US military on bases in Japan.
Abe works for increased domestic surveillance similar to the US and UK.
Japan, as all former imperialist nations, creates what they use for money as debt. These mechanics are like adding negative numbers forever, and cause increasing, unpayable, tragic-comic total debt.
Despite Japan’s debt, they are a leading buyer of US debt with $1.2 trillion.
Robotics is not leveraged to decrease work time, but used to drive wages down and cause the people to work ever-increasing hours to survive.

Jul 21 06:59

China Finally Reveals How Much Gold It Has

For the first time in six years, China has updated the status of their national gold reserves. As part of their move to join the IMF’s basket of currencies, they were asked to come clean on the amount of gold they’ve accumulated in recent years. However, the numbers they’ve given have left investors feeling skeptical.

Officially, they now have 1,658 tons of gold. The last time that number was updated in April of 2009, it stood at 1,054 tons, which is roughly a 60% increase, and places their gold haul above Russia’s. That’s pretty impressive, but it falls far short of what investors had expected. When they first announced that they were going to reveal their stockpile two months ago, the most conservative estimates placed their gold holdings at 3000 tons, or double what they recently reported. Due to the fact that China is the largest gold producer, and nearly the largest gold importer, their current numbers are dubious at best.

Jul 21 05:31

BRICS bank opens for operations in Shanghai

BRICS New Development Bank (NDB) has opened for operations in Shanghai, and will seek to deploy its $50 billion initial capital to fund infrastructure and sustainable development projects.

Chinese Finance Minister Lou Jiwei, Shanghai Mayor Yang Xiong and NDB chief Kundapur Vaman Kamath attended the ceremony, China Radio International reported.

At the inauguration ceremony Jiwei was quick to point out that NDB will serve as a complement to the existing international financial system and would focus its efforts on innovation and governance. The same message was echoed by Vaman Kamath.

"Our objective is not to challenge the existing system as it is but to improve and complement the system in our own way,” NDB President Kundapur Vaman Kamath said.

Jul 20 23:09

23% Sales Tax Hits Greece

Jul 20 21:58

Greece – Harbinger of Global Financial Collapse

The Greek debt crisis is on the radar screen today. It’s a pity that 99% of publications are devoted only to the implications for Greece and eurozone. This issue should be considered in a broader context. The implications should be analyzed at global scale.

Jul 20 19:27

Massive VAT hike sends prices soaring for Greeks and tourists as banks finally reopen after three-week closure

Restaurants and supermarkets were hurriedly re-pricing their products to account for a near-doubling of Value Added Tax from 13 per cent to 23 per cent.

Jul 20 17:31

4 Things That Are Happening Today That Indicate That A Deflationary Financial Collapse Is Imminent

When financial markets crash, they do not do so in a vacuum. There are always patterns, signs and indicators that tell us that something is about to happen. In this article, I am going to share with you four patterns that are happening right now that also happened just prior to the great financial crisis of 2008.

Jul 20 16:38

Economic grace of ‘Social Credit’: national dividend and compensated retail prices to facilitate consumer goods distribution in an age of robotics

*hyperlinks/video live at source*

by guest author Wallace Klinck

“The unacknowledged, but obvious, truth is that unnecessary work, imposed by either edict or contrived financial legerdemain, is slavery and servitude—totally irrational and immoral. Every engineer worthy of the name is trying to eliminate the need for human effort as a factor of production while every witless or hypocritical politician, pressured by the financial powers above and an insecure and uncomprehending population below, is professing, at least, to promote policies designed to ‘put people back to work.’” (from the below article)

Five minute video of Major C.H. Douglas, founder of Social Credit (1934):

https://www.youtube.com/watch?v=gpHJdApvtO0

Jul 20 16:23

Suelo: The Man Who Quit Money

Daniel Suelo lives in caves in the canyonlands of Utah. He survives by harvesting wild foods and eating roadkill.

He has no job, no bank account and does not accept government welfare. In fact, Suelo has no money at all.

Suelo may have shunned all the trappings of modern American life, but he is not an isolationist.

Since abandoning money in 2000, the former cook from Moab, Utah has remained an active member of his community and avid blogger.

Jul 20 15:42

Fuck Drupal!

Obviously other folks are having problems with Drupal.

Jul 20 15:15

EPIC Silver Shortage Imminent? 3.5 M Oz of Silver “Jump the Queue” to Take JULY Delivery!

Someone or something has ponied up about $50,000,000 in order to “jump the queue” and take immediate delivery of 3,500,000 ounces of silver this month.

Jul 20 15:03

Alan Greenspan warns of a bond market bubble

Jul 20 14:43

China Is Not a Real Market: Greene

Jul 20 13:40

“Leveraged Loan” Time Bomb Goes Off

Jul 20 13:08

Bank of Canada announces second interest rate cut in six months

Canada’s central bank, the Bank of Canada, announced a 0.25 cut in its prime lending rate last Tuesday, reducing it to 0.5 percent.

The move means that over the past six months, the bank has halved the rate at which it lends money to Canada’s major financial institutions. It has done so in response to a deterioration of Canada’s economy and mounting global economic turbulence.

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA