Month: August 2018

zerohedge August 31, 2018

Authored by Pepe Escobar via ConsortiumNews.com, What is left roaming our wilderness of mirrors depends on the mood swings of the Goddess of the Market. No wonder an effect of Eurasia integration will be a death blow to Bretton Woods and “democratic” neoliberalism… Get ready for a major geopolitical chessboard rumble: from now on, every butterfly […]

zerohedge August 31, 2018

“All bets are off” in Argentina” – as Bloomberg puts it – where the value of the local peso has plummeted, falling 20% this week alone. It is now 50$ weaker on the year versus the USD, making it the worst performing currency of 2018 and sending massive shockwaves through Argentina’s economy. The effect on business […]

zerohedge August 31, 2018

Authored by Justin Raimondo via AntiWar.com, Korea, Fake News, and What’s Really Going On The media continues to get the President’s North Korean peace initiative all wrong: in some cases this is due to laziness, Washington-centric group-think, and just plain ignorance. In other cases, it is quite deliberate. Take, for example, the recent “news” that Trump canceled […]

zerohedge August 31, 2018

Authored by Lance Roberts via RealInvestmentAdvice.com, I have been, and remain, bearish on emerging markets for three reasons: As discussed yesterday, the U.S. is closer to the next economic downturn than not. When the U.S. enters a recession, emerging markets are hurt considerably more given their dependence on the U.S.  International risks in countries like Turkey, Greece, […]

zerohedge August 31, 2018

Authored by Simon Black via SovereignMan.com, If the US government doesn’t act quickly, Americans may be stuck with years more of deteriorating healthcare and skyrocketing medical bills. Back in 2010, Congress and President Obama completely overhauled the US healthcare system with the “Affordable” Care Act (aka Obamacare). Their intention was to provide all US citizens […]

zerohedge August 31, 2018

For days, the US equity market has shrugged off every bad trade headline, every weak data-point, every global EM crisis contagion concern, and every signal from other (less-manipulated) markets and soared to record highs, building chips in Trump’s corner to expend in his global trade war. However, as former fund manager and FX trader Richard […]

zerohedge August 31, 2018

Authored by Marie Huillet via CoinTelegraph.com, Reuters has published an investigative report into Venezuela’s national oil-backed cryptocurrency, the Petro (PTR), attempting to square government claims with facts on the ground and evidence of the Petro’s transaction history to date. Reuters dispatched reporters to the central Venezuelan hamlet of Atapirire, which sits at the heart of the 380-square-kilometer […]

zerohedge August 31, 2018

Authored by Robert Murphy via The Mises Institute, In a recent column titled, “Capitalism, Socialism, and Unfreedom,”Paul Krugman lambasted libertarians for equating “freedom” with minimal government. He ridiculed the recently updated Cato index that ranks the 50 U.S. states according to their “freedom” defined in this fashion. Because he lives in New York state—which came in dead last in […]