Business

Academic Freedom RIP

There is no longer academic freedom in America or anywhere in the West. You have to toe the propaganda line, tell the lies, or you are out.

Today the only reason to go to a university is to be brainwashed, or if you are able to get in
Harvard, Princeton, Yale or Stanford, to join an insider network that will advance your career as
long as you serve the elite.

http://www.globalresearch.ca/american-academic-freedom-in-jeopardy/5523940

The post Academic Freedom RIP appeared first on PaulCraigRoberts.org.

Something happened this week that has never happened before. While outflows from equity ETFs soared, the $3.6 billion redemptions from high yield bond ETF HYG this last few days is the largest ever - almost twice as big as the previous largest outflows (seen in May last year).

The last week saw the biggest outflows from the high-yield bond ETF (HYG) ever...

Authored by EconomicPrism's MN Gordon, annotated by Acting-Man's Pater Tenebrarum,

A Week to Remember

Today we look back to the recent past with singleness of purpose.  Context and edification for the present economy is what we’re after.  We have questions…

In the past several months we have dedicated numerous articles to demonstrate the sheer lunacy of the Vancouver real estate market with isolated cases in which Vancouver houses, whether abandoned or in phenomenal shape, would sell for millions of dollars above asking just because Chinese buyers would pay any price in their rush evade capital controls and launder cash in northeast Canadian real estate. Perhaps the most egregious example took place two weeks ago when we wrote "Valued At $16 It Sold For $68 Million "In 7200 Seconds" - The Inside Story Of Vancouver's Wildest Property Deal."

Among the bigger financial problems covered in depth on Zero Hedge over the past several years, have been China's massive amount of newly created credit adding to an already unsustaimable debt load (estimated as high as 350%), its rapidly growing bad debt pile (what we call China's "neutron bomb" which as we first estimated last October is about 20% of total bank debt), and its sub-prime real estate bubble.