Wall Street made billions in profit by lending too much money to far too many people who couldn’t pay it back. Then, when the chickens came home to roost, the voters took the losses.
The Daily Reckoning Australia
Freak Power
The big news Friday was the selection of Kevin Warsh to take charge of the Fed. Associated Press on the story:
Which commodity soars next?
Over the past five years, all sorts of commodity prices have spiked…and then crashed. This is a perfectly normal part of investing during inflationary eras.
Circus Maximus
The US automobile industry, for example, lost 28,000 jobs last year. And tariffs were meant to close the trade gap; but the gap just opened wider than ever.
Shots Fired
Poor Donald Trump. His approval ratings keep falling.
China Capitulation Part 3 – revealing fundamental flaws that stop China from being a truly great nation
Today’s article covers how China’s weakness from within hold it back. We delve into its mindset of glossing over its image, a conformist societal structure, and how it acts in self-destructive ways. Read on to find out what many western analysts miss…
