As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day | Wolf Street
— Read on wolfstreet.com/2018/06/26/as-turkish-lira-collapses-foreign-banks-in-turkey-rue-the-day/
As the Trump administration announces 25% tariffs on over $50bn of Chinese goods, and Europe and China prepare retaliation measures, The Economist concludes that “Rising tariffs are the wors
— Read on mises.org/wire/trade-tariffs-won’t-crash-world-economy-monetary-policy-will-1
I agree.
Risks Pile Up Quietly in the US Corporate Bond Market | Wolf Street
— Read on wolfstreet.com/2018/06/24/risks-pile-up-quietly-in-the-us-corporate-bond-market/
QUESTION: Mr. Armstrong; Just to clarify, a continued rate hike in dollars will send Emerging Market debt into chaos and possibly default. Is this both public and private? Thank you. You are a voice in the wilderness PK ANSWER: Oh yes. Both public and private emerging market debt raised money in dollars. A 2% increase in interest rates could spark a sharp rise in the proportion of emerging market corporate debt issues at risk of default. This is true especially in Brazil, Turkey, and India.
— Read on www.armstrongeconomics.com/international-news/emerging-markets/emerging-market-debt-coming-crisis/
Despite Trump’s Tariff Threat, Automakers Double Down on Mexican Production | Wolf Street
— Read on wolfstreet.com/2018/06/23/despite-trumps-tariff-threat-automakers-double-down-on-mexican-production/
Neither the auto makers or the Mexican government are friends to the American worker.
This is Proof the Junk-Credit Market is Still Irrationally Exuberant | Wolf Street
— Read on wolfstreet.com/2018/06/22/this-is-proof-the-junk-credit-market-is-still-irrationally-exuberant/
The leaked UN climate report is very alarming. They are using linear analysis as always and disregard any nonlinear cyclical data. They are urging that a major crisis will take place by 2040 and that countries must clamp down on emissions virtually IMMEDIATELY. They are arguing to increased taxation and Europe will eagerly follow because they are going broke anyhow. So get ready. We already have declining economic growth. These people will send the world economy into a deep recession and this will only lead to even more tensions.
— Read on www.armstrongeconomics.com/world-news/taxes/climate-hunt-for-taxes/
This has been the end game all along
“These illusionists have altered the nature of the financial system and orchestrated a de facto heist that has enabled the most dominant banks and central bankers to run the world”
— Read on riggedgame.blog/2018/06/17/nomi-prins-the-central-banking-heist-has-put-the-world-at-risk/
Next Mortgage Default Tsunami Isn’t Going to Drown Big Banks but “Shadow Banks” | Wolf Street
— Read on wolfstreet.com/2018/06/17/next-mortgage-default-tsunami-isnt-going-to-drown-big-banks-but-shadow-banks/
Dollar’s Eroding Purchasing Power Inflates Retail Sales | Wolf Street
— Read on wolfstreet.com/2018/06/14/retail-sales-inflated-by-dollars-eroding-purchasing-power/
John Barleycorn 
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