Submitted by Don Quijones via WolfStreet.com,
Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold during the same period of last year. The last time they rolled out so much debt so quickly was in 2007, the year that Spain’s spectacular real estate bubble reached its climactic peak.
Submitted and Authored by The Saker,
Less than a month ago I warned that a ‘color revolution ‘ was taking place in the USA. My first element of proof was the so-called “investigation” which the CIA, FBI, NSA and others were conducting against President Trump’s candidate to become National Security Advisor, General Flynn. Last night, the plot to get rid of Flynn has finally succeeded and General Flynn had to offer his resignation. Trump accepted it.
Submitted by Jim Quinn via The Burning Platform blog,
In Part One of this article I documented the populist administration of Andrew Jackson and similarities to Donald Trump’s populist victory in the recent election. I’ll now try to assess the chances of a Trump presidency accomplishing its populist agenda.
The Trumpian Era
Nine months after FOSL stock plunged by 25%, after reporting abysmal Q1 results and even worse guidance, moments ago the watchmaker behind brands such as Skagen and Burberry reported another ugly quarter, which confirmed that the prevailing retail weakness continues.
Janet Yellen continues to demonstrate that she is either profoundly ignorant or dishonest. Neither of those are positive qualities for a Fed Chair.
Having maintained interest rates at essentially ZERO for seven years during the Obama years, Yellen suddenly believes it would be “unwise” to wait too long to raise rates now.
It’s a bizarre claim, particularly when you consider:
1) The US economy is limping along at best and entering a recession at worse (2016 GDP growth was a measly 1.9% and a the latest spate of data has all suggested a contraction is underway).