Bank Bulls Battered As Financials Enter Bear Market

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S&P Financials are now down 20.3% from their highs – officially entering a bear market as they fall to the lowest since September 2017… The S&P Bank index is extending losses, now down 24% from its 2018 highs and at its lowest since September 2017. As suddenly a collapsing yield curve matters… And the world’s… Read More

The Camp of the Saints

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The Camp of the Saints Jean Raspail’s novel is unfolding before our eyes. The Russians and Chinese do not need to do anything about Europe and the US. The West is self-destructing at a rapid pace. FRENCH GENERALS ACCUSE MACRON OF “TREASON” OVER UN MIGRATION PACT Open letter says French citizens have another reason to… Read More

Neofeudalism Isn’t a Flaw of the System–It’s the System Working Perfectly

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Fakery is always precarious: the truth about the asymmetries of power might slip out and spread like wildfire. I’ve been writing about neofeudalism and its cousin neocolonialism for seven years: 500 Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy (July 22, 2011) The E.U., Neofeudalism and the Neocolonial-Financialization Model (May 24, 2012) The basic idea here… Read More

The Atlantic's "Take" on Mainstream and Behavioural Economics

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By: Mark Thornton The Atlantic’s take is that Mainstream economics has many problems, as others have noted. They think that college students should be exposed to some behavioral economics in their economics classes. Their conclusion is thus: Making behavioral economics compulsory isn’t a cure-all for the ills of the economics discipline, but doing so would… Read More

Friday Afternoon Links

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[Reuters] Wall Street drops on global growth fears; J&J tumbles on Reuters report [CNBC] J&J shares plunge 11% after report that the company knew for decades about asbestos in baby powder [Reuters] J&J knew for decades that asbestos lurked in its Baby Powder: Reuters [BloombergQ] China’s Seizure of Two Canadians ‘Not Acceptable,’ Trudeau Says Source: creditbubblebulletin.blogspot.com

Retail Sales, The More Immediate Problem

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How quickly hope can sour. That is, if it is based on suspect assumptions and a misreading of the general situation. It would then be more like irrational pleading than derived from solid analysis. One year ago, thereabouts, President Trump delivered upon one campaign pledge. He pushed a tax reform bill through Congress aiming to… Read More

Buchanan: What Lies Behind The Malaise Of The West?

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Authored by Patrick Buchanan via Buchanan.org, Is it coincidence or contagion, this malady that seems to have suddenly induced paralysis in the leading nations of the West? With lawyer-fixer Michael Cohen’s confession that he colluded with Donald Trump in making hush money payoffs to Stormy Daniels and Karen McDougal, America’s stage is set for a… Read More

In the Western World Truth Is on Its Deathbed

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In the Western World Truth Is on Its Deathbed Dear Readers, Response to my quarterly request for donations has been very weak. Normally December is our best quarter for reader support, but the response to my December 10 request is the weakest ever. Perhaps the explanation is that most of those who support this website… Read More

Do What’s Necessary, Not What You Can

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What you can do and what you should do are often not the same things [Read more] The post Do What’s Necessary, Not What You Can appeared first on Capitalist Exploits. Source: https://capitalistexploits.org/65.html