Business

For months we've written about the imminently doomed auto bubble in the U.S., spurred in no small part by an unprecedented relaxation of underwriting standards by banks that would put even the shenanigans of the 2008 mortgage crisis to shame.  From stretched out lending terms to promotional interest rates, auto lenders have increasingly played every trick necessary to get those incremental new car buyers into the most expensive car their monthly budgets could possibly absorb.

Authored by John Rubino via DollarCollapse.com,

Bitcon has been rocketing higher lately, as it gains widespread official approval and more people figure out how to use it.

As the first of its kind to emerge, bitcoin has become synonymous with “cryptocurrency”. But lately it’s been joined by a lot of others – which together now account for more than half of the cryptocurrency ecosystem:

By Chris at www.CapitalistExploits.at

"We are on the cusp of one of the fastest, deepest, most consequential disruptions of transportation in history."

So says Stanford University economist Tony Seba in a detailed report.

Authored by Mike Krieger via Liberty Blitzkrieg blog,

With the Fed contemplating whether to hike again next month and start "normalizing " its balance sheet before the end of 2017, the two other major central banks are facing far bigger problems.

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Two months after the BOJ quietly started tapering its QE program, when it also hinted it may purchase 18% less bonds than planned...