Housing ‘Recovery’ Hope Humbled As Billings & Purchases Plunge
Following this morning’s weak Starts and Permits data, even homebuilders are starting to lose faith in the recovery meme but there is a long way to go before that is…
Australia Stops “Cooking” Its Jobs Report And The Result Is A Disaster: Full-Time Jobs Plunge Most Since 2013
One week ago, we were delighted to report that Australia admitted that its glorious, 6 and 8-sigma outlier job numbers from October and November, were nothing but a “technical issue”…
21 New Numbers That Show That The Global Economy Is Absolutely Imploding
Submitted by Michael Snyder via The Economic Collapse blog, After a series of stunning declines through the month of January and the first half of February, global financial markets seem…
9 Searing Images From Today’s Deadly “Terrorist” Attack In Turkish Capital
Earlier today, a massive explosion shook the Turkish capital of Ankara, where a vehicle packed with explosives was detonated while military buses were passing by. It was “an act of…
China Food Prices Soar Most Since 2013 As Producer Prices Hit 47th Straight Month Of Deflation
Another month and another massive deflationary print for Chinese Producer Prices. Year-over-year, PPI dropped 5.3% (‘better’ than the 5.3% drop expected and the 5.9% plunge last month) making this the…
ISIS Stops Handing Out Snickers Bars, Gatorade As Cash Crunch Deepens
Late last month, we reported that ISIS has cut its fighters’ salaries in half due to “exceptional circumstances the caliphate is facing.” Those “exceptional circumstances” include Russia’s unrelenting aerial campaign…
Venezuela Devalues Currency By 37% As Maduro Announces 62-Fold Increase In Gasoline Prices
Maybe because between the specter of defaulting in under three months, the threat of handing over its gold to Deutsche Bank, or the reality of rampant hyperinflation and a collapsing…
How Government Buys Your Support
Submitted by James Brovard via The Mises Institute, In Iraq and Afghanistan, US military officers routinely handed bundles of cash to local residents to buy influence and undermine resistance to…
Bullard Admits It’s “Unwise” To Continue Rate Hikes, Says “If Needed” Will Do More QE
For the latest confirmation of just how trapped in a corner of its own making the Fed now finds itself, look, or rather read no further than the presentation given…
Exchange Rate Could Hit N400 To $1 By Weekend
The exchange rate between the naira and the dollar closed Wednesday at N370 to $1 hitting another new low. The exchange rate has depreciated to a new low every day…