Submitted by Brandon Smith via Alt-Market.com,
It’s been about 15 years now since passenger airliners struck the World Trade Center towers on 9/11, and we are still suffering the consequences of that day, though perhaps not in the ways many Americans might believe.
Profit growth of Chinese industrial companies rebounded dramatically in March. Of course this should not be totally surprising given the trillion-dollar credit injection in Q1 and artificially-elevated commodity prices juicing the zombified industrial base but it does leave The Fed today with a problem - they're running out of excuses.
Earlier today we pointed out a surprising warning from Tom McClellan, who when looking at the unprecedented surge in the shares outstanding of the VXX, also known as the long VIX ETN, pointed out that this product is suddenly extremely popular and asked "Can this possibly end well?"
The reason for his concern was based on a post he published a few months ago, in which he explained that "VXX Shares Outstanding Data Work Differently."
Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just announced that he would expand the "weekend" for public workers to 5 days...
In the wake of the release of the Panama Papers, which exposed financial dealings of some of the world's wealthiest people, much has been made in the media and on the U.S. presidential campaign trail about making sure everyone is paying their "fair share", and emphatically calling for improving transparency around how corporations and individuals handle their money.