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Jack Rasmus – Today’s Global Financial Faultlines

In the past year the stock markets in China erupted, contracting by nearly 50% in just three months, after having risen in the preceding year by 130%–truly a ‘bubble event’. That collapse, commencing in June 2015, continues despite efforts to stabilize it. Chinese bankers then injected directly $400 billion to stem the decline. Including other government and private sources, estimates …

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Alternative Visions – World Economic Forum Big Bankers Getting Worried – 01.22.16

Jack Rasmus comments on the worried commentary about the global economy today coming out of this week’s World Economic Forum in Davos, Switzerland. The annual meeting of the big capitalists globally is producing a stream of concerned remarks on China, global oil, and drift toward deflation—all topics Rasmus focuses on in the release of his new book, ‘Systemic Fragility in the Global Economy’ , by Clarity Press. (see his blog, jackrasmus.com for sample chapters). Jack then reviews on the show important economic events and news of the past week, including Eurozone Chairman, Mario Draghi’s, pledge to expand QE in March, growing problems in European banks’ loans, capital flight from China and emerging markets, the admitting by the US business press that low oil prices are having no effect on the US economy and early reports that fourth quarter US GDP is coming in at only 0.6% growth according to the Fed and there’s a 50-50 chance of US recession this year.

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Top Economist – Who Predicted the 2008 Crash – Confirms What Alternative Financial Sites Have Been Saying for a Decade

William White is one of the world’s top economists. He was the head economist for the Bank for International Settlements (BIS) – the world’s most prestigious financial institution, called the “central banks’ central bank – comprised of the world’s central banks.  He is now the chief economist for OECD, made up of most of the world’s richest and most powerful …

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Andy Rowell – Half of U.S. Fracking Industry Could Go Bankrupt as Oil Prices Continue to Fall

So the slide continues with no end in sight. As expected this morning, the oil price has fallen below $28 a barrel on the back of the historic news over the weekend of sanctions being lifted on Iran. This is the lowest level for oil since 2003.   The markets are spooked that the lifting of sanctions means the imminent …

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Financial Sense – Global Markets in 2016: Four Risks to Watch Out For

After an eventful 2015, where we witnessed the first US rate hike in 9 years, crude oil dropping to 6 year lows, a dramatic selloff in Chinese equity markets and an unexpected abandonment of the Swiss Franc-Euro currency cap, we head into 2016 with global markets on tenterhooks. In this article, we analyze the 4 most important risks that global …

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Michael Snyder – Financial Armageddon Approaches: U.S. Banks Have 247 Trillion Dollars Of Exposure To Derivatives

Did you know that there are 5 “too big to fail” banks in the United States that eachhave exposure to derivatives contracts that is in excess of 30 trillion dollars?  Overall, the biggest U.S. banks collectively have more than 247 trillion dollarsof exposure to derivatives contracts.  That is an amount of money that is more than 13 times the size of the U.S. national debt, and …

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Donald Kaul – The Stock Market: The Only Game in Town

The stock market is down. It must be some crazy thing China has done. Those Communist countries just don’t understand how capitalism works. No, wait! The market just went up. Did China fix its capital markets already? Not really. More likely it’s that our Federal Reserve has hinted that it’s not going to raise interest rates any time soon because …

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The Numbers Are In: China Dumps A Record $94 Billion In US Treasurys In One Month

Shortly after the PBoC’s move to devalue the yuan, we noted with some alarm that it looked as though China may have drawn down its reserves by more than $100 billion in the space of just two weeks. That, we went on the point out, would represent a stunning increase over the previous pace of the country’s reserve draw down, which …

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Graham VanBergen – The 2015 Global House Price Crash Accelerates

Housing markets are prone to the bandwagon effect, they continue rising when the fundamentals vanish, a year, maybe two years before. Stock market and commodity price volatility and declines are currently chronicled ad-nausea by the press without seeing the dramatic upswing of international property price falls. What is alarming is the pace of price declines. Even countries where prices are not falling, …

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698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart

After the Fed admitted over a year ago that the US unemployment rate (which in 2012 was supposed to be a rate hike “threshold” once it hit 6.5% and is now at 5.1%) has become irrelevant in a country where a record 94 million people have left the labor force, and with the Fed poised to hike rates even though …