Zerohedge

2019 Oct 16 - 5:00am
Here's Why The Gold Price Could Really Soar Over The Next Two Years Authored by Simon Black via SovereignMan.com, At some point between the years 1483 and 1485, a Genoese businessman named Cristoffa Corombo had the opportunity to pitch his idea to King John II of Portugal. This period was the dawn of what historians call the ‘Age of Discovery,’ a time when European explorers sailed all over the world opening new trade routes....
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2019 Oct 16 - 4:40am
Twitter Paves Way For Trump Ban With New Content Rules For World Leaders Twitter has announced new rules governing how they will now treat world leaders' accounts, making clear that certain content will result in "enforcement action," according to a Tuesday press release.  "There continues to be meaningful public conversation about how we think about Tweets from world leaders on our service. We welcome the conversation and want...
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2019 Oct 16 - 4:20am
Greed Or Incompetence: What's Behind The California Power Cuts? Authord by Kurt Cobb via OilPrice.com, Most of the news surrounding the electricity shutoffs in California - done to avert the ignition of additional wildfires by aging electrical infrastructure - has focused on two things: climate change and the greedy, incompetent management of Pacific Gas...
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2019 Oct 16 - 3:57am
Lira Tumbles After US Charges Turkey's Halkbank For Participating In Iran "Sanctions Evasion Scheme" One day after the US announced a menu of sanctions and tariffs on Turkey, the Turkish lira rallied as the US response to Erdogan's invasion of northern Syria was less dramatic than some expected. All that changed moments ago, when the Lira tumbled nearly 300 pips in seconds after the US Attorney's Office for the Southern District of...
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2019 Oct 16 - 3:45am
Templeton's Hasenstab Lost $3 Billion In Q3 There is a saying around trading desks: bull markets make geniuses out of the biggest idiots, and when it comes one of the world's most famous "traders", we just saw that in saying in action. Two months after we reported that Templeton's "investing wudnerkind" Michael Hasenstab, who for nearly a decade during the most artificial bull market in history had a knack of investing in the...
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2019 Oct 16 - 3:25am
40 Million Americans Already Don't Have Enough Food To Eat... And It's About To Get A Lot Worse Authored by Michael Snyder via The Economic Collapse blog, The things that I am going to share with you in this article are definitely very alarming.  But if you live in a wealthy neighborhood and are always surrounded by other wealthy individuals that never have to worry about missing a meal, then some of the numbers in this article may...
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2019 Oct 16 - 3:01am
Stocks Soar, Shorts Squeezed; Bullion, Bitcoin,...
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2019 Oct 16 - 2:25am
Towards The Crisis: This Time Truly Is "Different" Authored by Tuomas Malinen via GnSEconimcs.com, The world economy has not been in a more precarious situation in over a decade. Growth is faltering everywhere, with the Eurozone flirting with recession, while central banks have returned to monetary easing after just one year of global tightening. It is imperative to appreciate the exceptionality of the situation. Never before has...
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2019 Oct 16 - 2:04am
Jamie Dimon Warns "Of Course There Is A Recession Ahead" JP Morgan CEO Jamie Dimon's recession forecasts are growing increasingly vague. After Tuesday morning's barrage of bank earnings, which sent JPM shares higher as the bank reported record quarterly revenue, the CEO said during a conference call with reporters. Dimon said that geopolitical tensions (i.e. the US-China trade war) have not only discouraged economists, but...
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2019 Oct 14 - 4:40am
"QE-For-The-People Is The Endgame...And Gold Will See It Coming First" Authored by Daniel Oliver via Myrmikan Capital, QE For The People Myrmikan’s May letter discussed how the Fed had already begun to ease financial conditions, though the method was so subtle that few understood what the central bank was doing. Banks are required to keep required reserves at the Fed. Banks that find themselves with a deficient reserve level have...
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2019 Oct 14 - 3:51am
Morgan Stanley Makes A Stunning Observation: 28% Of The US Population Has FICO Score Below 650 Authored by Morgan Stanley strategists Vishwanath Tirupattur and Ellen Zentner The strength of the US consumer has been the bedrock of the current economic expansion. Just a few weeks ago, in a CNBC interview, Fed Vice Chair Clarida said that “I cannot think of a time where in the aggregate the consumer has been in better shape.” With...
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2019 Oct 14 - 3:25am
Schiff's CIA 'Whistleblower' May Not Testify In Impeachment Probe After All A CIA 'whistleblower' who worked with former VP Joe Biden as well as two Adam Schiff (D-CA) aides has apparently gotten cold feet, and may not testify in front of the House Intelligence Committee in person or in writing, according to Schiff. This is in stark contrast to what Schiff's late September claim that the man at the center of an impeachment inquiry...
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