Economy & Finance

PG&E Reportedly Planning Bankruptcy Announcement To Workers As Soon As Monday

18 years after becoming one of America’s largest bankruptcies, the writing is on the wall for California’s utility giant after its cash-collateral-call triggering second downgrade to junk has led to reports that PG&E may notify employees as soon as Monday that it’s preparing a potential bankruptcy filing, according to people familiar with the situation. California […]

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US Willing To Work With Russia To Protect Kurds In Syria: Bolton

Following National Security Advisor John Bolton’s humiliating trip to Turkey this week wherein he was snubbed by President Erdogan for seeking “new conditions” on Trump’s Syria pullout, Bolton has signaled the US could work with Russia to ensure the enduring protection US-backed Kurds once American forces exit.  Bolton said during an interview with the Hugh Hewitt radio show on […]

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Sex Crimes Prosecutor Emerges As GOP Pick To Question Kavanaugh, Ford

The fact that all 11 Republican members on the Senate Judiciary Committee are men, it was somewhat inevitable they would bring in outside female assistance to question Supreme Court nominee Brett Kavanaugh and his accuser Christine Blasey Ford about her allegation of sexual assault. According to multiple reports tonight, Arizona prosecutor Rachel Mitchell has emerged as […]

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Foreign Direct Investment In US Goes Negative: Blame Trump’s Trade Policy

Authored by Mike Shedlock via MishTalk, Foreign Direct Investment (FDI) in the US should be rising. Tax cuts spur investment and the US economy seems much stronger than abroad. Nonetheless, FDI is negative… The lead-in chart is from the Organization for International Investment report on Foreign Direct Investment in the United States, Preliminary 2nd Quarter 2018. […]

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WTI Drops After Surprise Crude, Gasoline Build

WTI extended gains today after OPEC signaled it may not replace Iranian oil that’s disappearing from global markets as U.S. sanctions loom, but slumped off its highs of the day after Trump slammed OPEC for “ripping off the world.” As Bloomberg noted, OPEC shrugged off the threat to Iranian supplies over the weekend, spurring some […]

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“Can You ‘Feel’ The Complacency?”

Authored by Lance Roberts via RealInvestmentAdvice.com, Yesterday, the market sold off modestly over continuing concerns of “tariffs” and trade wars. At least that was the headline reason. The real reason was simply that the market is overbought in the short-term and traders were taking profits in a light-volume session. As shown in the chart below, the sell-off […]

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The White House Has A Step-By-Step “Program Of Escalation” For Venezuela

The White House has prepared an intelligence blueprint for regime change in Venezuela, according to a bombshell Monday evening report in Axios.  According to the report, which follows a New York Times story from early this month that confirmed the administration had previously established a “clandestine channel” involving covert meetings with Venezuelan military coup plotters targeting President Nicolás Maduro, the White House […]

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Europe Unveils “Special Purpose Vehicle” To Bypass SWIFT, Jeopardizing Dollar’s Reserve Status

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, one month ago Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing […]

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