Business

Quietly as an aside in a speech, the Head of the Bank of Japan, Haruhiko Kuroda, confessed that QE has little if any impact on GDP growth.

I touched upon this issue previously, but I want to reiterate it here because it is absolutely ASTOUNDING.

The Bank of Japan is the global leader for monetary policy. Indeed, it has been experimenting with severe monetary policy for DECADES.

The Fed first implemented ZIRP and QE in 2008. The ECB first cut rates to ZIRP in 2014 and implemented QE in 2015.

The Bush dynasty ended not with a bang, but a whimper on Saturday when Jed Bush officially threw in the towel at the feet of Donald Trump, but not before spending $130 million for his now failed presidential campaign.

Residents in Flint are being forced to drink and cook with bottled water, yet they are being charged higher rates than almost anywhere in the country for their poisoned water. Meanwhile there is a story about the bottled water industry in Michigan that has mostly gone unnoticed. Less than two hundred miles away, multi-billion dollar corporation Nestle has been pumping millions of gallons out of Lake Michigan for free. They have actually received 13 million dollars in tax breaks to do so.

Submitted by Mac Slavo via SHTFPlan.com,

Earlier this month, as retail investors lost confidence in the global economy and broader stock markets, an air of panic began to set in. Reports indicate the lines were literally forming around the block at gold stores throughout London and elsewhere. It was, by all accounts, the very scenario one might expect in an environment where trust in government and central banks has been eroded.

It's been an ugly few days for Valeant. Following Wells Fargo downgrade and Jim Chanos warnings over PBMs broadly based on Deutsche Bank's analysis, Dow Jones reports after-hours that Valeant is set to restate earnings after an internal review.

Maybe this explains CEO Pearson's sudden "pneumonia"...

The stock is down 10% after-hours, down 18% on the day and back at levels not seen since early 2013...