When two experienced economy and finance analysts, who both correctly predicted the derivative crisis of 2008, again warn of an imminent crash one better listens up.
The Expected Financial Crash Is Finally Here
Previously:
Tag: Financial crisis of 2007–2008
Europe, more than Putin, must shoulder the blame for the energy crisis
The same arrogant, self-righteous posturing from the West that fuelled the Ukraine war is now plunging Europe into recession
Europe, more than Putin, must shoulder the blame for the energy crisis
How Wall Street Is Funding The Culture War
The leading right-wing pugilist against “critical race theory” is backed by Wall Street execs whose financial crisis crushed communities of color.
How Wall Street Is Funding The Culture War
If you’re kid is learning critical race theory, congratulations on them getting into law school! 🤡
Railway Workers Fight Shows Need for Paid Sick and Family Leave + More Updates
“It staggers the imagination that in September 2022 the workers who keep the trains running did not have even one sick day to care for themselves.”
Railway Workers Fight Shows Need for Paid Sick and Family Leave, Says Economist
Related:
Live updates: Railroad workers livid over deal brokered by Biden and unions to prevent strike
What’s wrong with the USA?
China has been, variously described as a rising power, a sleeping dragon and a collapsing economy. Most of the rhetoric is driven from the US. Inside their government, both the Senate and Congress have anti-China hawks, their State Department seems to see a threat at every turning point and their military seems to believe that a defensive People’s liberation Army is a bad thing as it threatens US interests. Books reports and documentaries are created about mass dissatisfaction which extended academic research seems unable to identify.
What’s wrong with the USA? (archived)
UK: RUSI military think tank details Liz Truss’s warmongering agenda
The defining feature of Liz Truss’s stint as British Prime Minister is her focus on militarily confronting nuclear armed powers Russia and China, with disastrous implications for the global population.
UK: RUSI military think tank details Liz Truss’s warmongering agenda
During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful (and nothing will change with Biden)
Last Thursday evening, Justice Department Attorney General, Merrick Garland, held a brief press conference to announce that he had asked a federal court to unseal the search warrant and inventory receipts filed in connection with the FBI’s search of Donald Trump’s Palm Beach oceanfront home and beach resort, Mar-a- Lago. As part of his statement to the press, Garland said this:
“Faithful adherence to the rule of law is the bedrock principle of the Justice Department and of our democracy. Upholding the rule of law means applying the rule of law evenly, without fear or favor.”
During Both Obama and Trump Administrations, the Justice Department Has Looked the Other Way at Crimes by the Powerful
Related:
“No one’s standard of living will change,” said Biden. “Nothing would fundamentally change.”
US recession is very likely, IMF says + A recession alarm sounds on Wall Street
“It’s a very narrow path,” IMF chief economist Pierre-Olivier Gourinchas said. “The current environment suggest that the likelihood that the US economy can avoid a recession is actually quite narrow.”
US recession is very likely, IMF says
Related:
On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatization and job losses.
Jianlong Steel Holding Company official Chen Guojun, who earned over 3 million yuan the previous year, planned to take over the majority state-owned Tonghua Iron and Steel Group. He announced plans to cut the number of workers from 30,000 down to around 5,000, with those made redundant receiving around 200 yuan in compensation. The firm was still profitable, but the planned restructuring was aimed at increasing profits further amidst a global economic downturn.
Outraged, the workers shut down production and rioted, beating Chen, blocking roads and smashing police cars to prevent police and ambulances from reaching him.
The sale was subsequently scrapped.
On this day, 24 July 2009, 3,000 steel workers in Tonghua, China rioted and beat an executive to death when threatened with privatisation and job losses.
More:
NYT Opinion: I Was Wrong About Trump Voters
By Bret Stephens
The worst line I ever wrote as a pundit — yes, I know, it’s a crowded field — was the first line I ever wrote about the man who would become the 45th president: “If by now you don’t find Donald Trump appalling, you’re appalling.”
I Was Wrong About Trump Voters
Ms. Cat’s Chronicles 