Europe

By Chris at www.CapitalistExploits.at

Today I've got something very personal to share with you, but first...

Authored by Erico Matias Tavares via Sinclair & Co.,

Marty Pompadur is a reference in the global media industry, where he is involved as an investor, advisor and board member. Until recently he was global vice chairman of media and entertainment for Macquarie Capital based in New York City.

These updates to my list of “Seven Troubles Assailing the US Economy” are far too important to remain buried at the end of that article since many readers may not return to the article to check for updates. The summer economic crisis I’ve been predicting is building even more rapidly than when I reported a week ago. It’s almost here:

Total household debt now exceeds the peek it hit just before the economic collapse into the Great Recession. While the number of households is also up, wages are correspondingly down, so households have maxed out … again:

Authored by Jorg Guido Hulsmann via The Mises Institute,

It may seem unusual that an economist would talk about culture. Usually, we talk about prices and production, quantities produced, employment, the structure of production, scarce resources, and entrepreneurship.

In what we are sure many will see as the most ironic headline of the day, Reuters reports Iran said on Sunday the London attacks were a "wake-up call" and urged Western states to go after ideological and financial sources of terrorism, state media reported, in a thinly veiled reference to Saudi Arabia.

Having been the center of attention during President Trump's recent trip: