With the S&P 500 Index falling nearly 10% over the past three weeks, there’ve been a lot of panicky headlines. Markets aren’t in a happy place, and the technical damage implies there may be more pain to come. However, as Bloomberg's Mark Cudmore warns, for those searching for a bottom, history doesn’t offer much solace.
Nanotechnology scientists have developed a metallic glue that can bind metals together at room temperature. MesoGlue can bind metals to other surfaces without soldering or pressure. It could potentially change the landscape of electronics. EurekAlert reports: “MesoGlue was founded by Huang and two of his PhD students: They had a dream of a better way of sticking things together.” Those “things” are everything from a computer’s central processing unit and a printed circuit board to the glass and metal filament in a light bulb.
Submitted by Claire Bernish via TheAntiMedia.org,
Just 62 individuals now hold the same amount of wealth as 3.6 billion people, the bottom half of the entire planet — a shocking statistic made even more alarming when considering as recently as 2010, that same half of all wealth was held by 388 people. Now, 80 billionaires collectively hold over $2 trillion, while the bottom half has lost $1 trillion of their wealth — in just five years.
Last week a Central Banker made the most incredible admission in the history of banking.
It came from the Bank of Japan.
The Bank of Japan has been the leader in global Keynesian insanity. The US Federal Reserve launched its first QE program in 2008. The European Central Bank launched its first QE program in 2015.
The Bank of Japan first launched QE back in 2001.
So crappy China growth and increased Iran supply prompted a stop-run surge in crude oil overnight as "bad news is good news" stimulus hopes lifted all boats. But that is over now as Iran cuts oil prices to Europe, reigniting the price wars...
Who could have seen that coming?