Houdini

  1. Demographic Shock Ground Zero: Japan's Population Drops at Fastest Pace On Record

    Demographic Shock Ground Zero: Japan's Population Drops at Fastest Pace On Record
    Japan's demographic timebomb is hardly new, although over the past year it has encountered several notable milestones. Last December, we wrote that for the first time on record, Japan's births dropped below a million. This is what we said at the time: While the US is finally starting to feel the social, political and economic hit from an aging population, nowhere...
  2. Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’

    Janet Yellen Says A New Financial Crisis Probably Won’t Happen ‘In Our Lifetimes’ But The BIS Says One Could Soon Hit ‘With A Vengeance’
    Federal Reserve Chair Janet Yellen is quite convinced that the United States will not experience another financial crisis for a very long time to come.  In fact, she is publicly saying that she does not believe that another one will happen “in our lifetimes”.  But there are other central bankers that see things very differently.  In fact, a new report...
  3. Macron's Premier Says France Must Break Spending Addiction

    Macron's Premier Says France Must Break Spending Addiction
    Prime Minister Edouard Philippe said France must break the addiction to public spending that has left its economy trailing peers as he outlined plans to rein in the budget and cut taxes. In his maiden speech at the National Assembly as premier, Philippe promised 20 billion euros ($23 billion) of tax cuts by the end of President Emmanuel Macron’s term...
  4. China's $162 Billion of Dealmaker Debt Raises Alarms

    China's $162 Billion of Dealmaker Debt Raises Alarms
    China struck deal after deal to acquire companies abroad over the last few years. Now the bill is coming due. The nation’s top corporate dealmakers, including HNA Group Co. and Fosun International Ltd., must pay off the equivalent of at least $11.5 billion in bonds and loans by the end of 2018 -- a feat now complicated by government efforts...
  5. Two Decades After Crisis, These Three Asia Markets Are Still Down

    Two Decades After Crisis, These Three Asia Markets Are Still Down
    Three stock markets have never returned to the peaks they achieved in the years before the Asian financial crisis triggered a region-wide sell-off two decades ago. Japan’s Topix Index reached a record high in dollar terms in December 1989. On Tuesday, it was trading 29 percent lower. Thailand’s SET and Taiwan’s TWSE make up the trio of gauges that have...
  6. The World Is Now $217,000,000,000,000 In Debt and The Global Elite Like It That Way

    The World Is Now $217,000,000,000,000 In Debt and The Global Elite Like It That Way
    The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must...
  7. "You Think This Market's Crazy?"

    "You Think This Market's Crazy?"
    You think this market’s crazy? One day in early 1987, with Wall Street humming, a meeting after trading closed involved several cases of champagne. The Dow Jones Industrial Average had breached 2000 that day, a cause for celebration. A week and a half later, more champagne was ordered when the average passed 2100. Then again a few weeks later for 2200. Eventually my...
  8. David Stockman On the Coming Carmageddon

    David Stockman On the Coming Carmageddon
    Ben Bernanke’s successors at the Fed and other global central banks still don’t get it. Falsified debt prices do not promote macroeconomic stability. They lead to reckless credit expansion cycles that eventually collapse due to borrower defaults. We’re now seeing that play out in the auto sector, especially since anyone who can fog a rearview mirror has been eligible for a car loan or...
  9. "Colleges Are Preparing Kids for an Economy That No Longer Exists" As They Continue to Scam Parents and Students

    "Colleges Are Preparing Kids for an Economy That No Longer Exists" As They Continue to Scam Parents and Students
    As I sat down to enjoy some smoked salmon at a recent BBQ I attended, I ended up at a table with two recent high school graduates. To my disappointment, when I asked them what their plans were for the summer and beyond, both said they were heading to college. With student loans and a wasteful four years in front...
  10. India: Cash Is Back (But The Crisis Has Deepened)

    India: Cash Is Back (But The Crisis Has Deepened)
    Nobody for President  On 17th July 2017, India will elect a new President through a vote of the elected representatives. The two real choices are between Ram Nath Kovind and Meira Kumar. Afraid of looking completely ignorant, I asked a few people who Kovind is. No-one knew of him and people only vaguely remembered Ms. Kumar. India will get a complete nobody...

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