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Tall Paul Volcker, The Last Central Banker–R.I.P (Part 3)

Enter your username and password to login Username Password Remember Me Forgot Your Password? Read Full Article Source: David Stockman ...

by TheNewsDoctors | Published 2 hours ago
By TheNewsDoctors On Wednesday, December 11th, 2019
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Budget Deficit Soars To $342 Billion In First Two Months Of FY 2020

The U.S. government deficit spiked 12 percent to $342 billion during the first two months of fiscal year 2020, according to data from the Congressional Budget Office. The CBO says the U.S. budget deficit will average...

By TheNewsDoctors On Wednesday, December 11th, 2019
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Accounting Fraud & Freight Recession Topple Celadon, Largest Truckload-Carrier Bankruptcy in US History

Celadon Group, one of the larger full-truckload operators in the US with about 3,000 drivers and about 2,700 tractors, said today – confirming days of rumors – that it filed for Chapter 11 bankruptcy and is...

By TheNewsDoctors On Wednesday, December 11th, 2019
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Subprime Retailer Conn’s Shares Crash 33% After Warning On Customer Credit Deterioration

Its shares plunged 33% on Tuesday after it reported earnings, on issues that included credit deterioration among its subprime customers. Suddenly rising 60-plus-day delinquencies and first-payment defaults, where...

By TheNewsDoctors On Wednesday, December 11th, 2019
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The Red Ponzi’s Other Great Wall: Nearly 25% Of Dollar Debt Matures Next Year

With nearly a quarter of the total of Chinese dollar bonds outstanding due to mature next year, fears are mounting. https://www.bloomberg.com/news/articles/2019-12-10/jitters-over-china-s-local-defaults-start-to-spread-offshore ...

By TheNewsDoctors On Wednesday, December 11th, 2019
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Europe Slouching Toward Break With Washington’s Belligerent Russian Sanctions

Here we are five years later and little has changed other than Crimea is now solidly Russian and growing economically. The EU is in serious trouble financially and economically and needs to re-open Russian markets...

By TheNewsDoctors On Wednesday, December 11th, 2019
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Imperial Washington Goes Full Retard: Enacting Sanctions To Stop Nearly Complete Nord Stream Pipeline To Germany

U.S. lawmakers are pushing ahead with enactment of new sanctions meant to prevent the completion of a new pipeline constructed to carry Russian natural gas to Germany, beneath the Baltic Sea. https://www.wsj.com/articles/russias-gas-pipeline-to-europe-faces-sanctions-under-u-s-defense-bill-11576065601?mod=hp_lista_pos2 ...

By TheNewsDoctors On Wednesday, December 11th, 2019
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Two Years On From Xi’s 2017 Coronation Binge—-Data Going Down Hard

Import Growth, Change From Same Month Two Years Prior Read Full Article Source: David Stockman ...

By TheNewsDoctors On Wednesday, December 11th, 2019
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Red Ponzi Update: Still Slouch Toward The Zero (Growth) Bound

The economy continues to slow down – that’s what Chinese producer and factory prices are telling us. As it does, food prices have gone off the charts. Other than total economic collapse, pork supply problems...

By TheNewsDoctors On Wednesday, December 11th, 2019
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The Money-Pumping Experiment Has Failed—–It’s Only A Matter Of Time Until The Reckoning

What we are experiencing right now is a ‘time lag’ between the collapse of the argument underlying the 10-year bull market and investors’ recognition of that. A full decade and some $14 Trillion in newly-printed...