The idea that rising rents beget increases in a city’s homeless population is nothing new. But in a recent study, Zillow, the online real-estate database company, used a mix of government and proprietary data to examine how much influence an increase in the first variable has on the second…
Source: http://ift.tt/2v2kdvV
So the Clowns in Washington D.C. – (DC Clowns) are at it again – this time cooking up a “War” with the rest of the world – which is funny considering the Russian Federation and the US Corporation are both licensed in London and owned by the same people and financially run by the Bank of London…
Source: http://ift.tt/2vnxP65
World’s Largest English Language News Service with Over 500 Articles Updated Daily “The News You Need Today For The World Youll Live In Tomorrow…
Source: http://ift.tt/2fcHrtJ
World’s Largest English Language News Service with Over 500 Articles Updated Daily “The News You Need Today For The World Youll Live In Tomorrow…
Source: http://ift.tt/2fcHrtJ
World’s Largest English Language News Service with Over 500 Articles Updated Daily “The News You Need Today For The World Youll Live In Tomorrow…
Source: http://ift.tt/2fcHrtJ
World’s Largest English Language News Service with Over 500 Articles Updated Daily “The News You Need Today For The World Youll Live In Tomorrow…
Source: http://ift.tt/2fcHrtJ
World’s Largest English Language News Service with Over 500 Articles Updated Daily “The News You Need Today For The World Youll Live In Tomorrow…
Source: http://ift.tt/2fcHrtJ
RHONDA JOHANSSON–Analysis of the Center Bureau housing data revealed that from 2006 to 2016, the total number of households headed by renters had increased by 36.6 percent, a number which almost beats the record high jump of 37 percent in 1965…
Source: http://ift.tt/2hdPMOw
Business Insider Baupost Group’s head of public investments, Jim Mooney, warns that high levels of leverage, or borrowings, and low volatility could bring about the next financial crisis. He pinpoints hundreds of billions of dollars of investments that are linked to volatility.
Source: http://ift.tt/2tSe5ao
I will be watching to see what happens. If this mystery investor is correct, it will essentially be like winning the lottery. But just because he has made this wager does not mean that he has some special knowledge about what is going to happen.
Source: http://ift.tt/2tJGaAU
Wednesday, July 5, 2017
Nationwide outage hits Chase bank customers before 4th of July – RT America
https://www.rt.com/usa/395201-chase-outage-independence-russians/
Source: Chase Bank – Nationwide Outage | Simon Parkes Official Website
Nasdaq Triggers Market Wide Circuit Breaker As AMZON “Crashes” 87% After Hours – Zero Hedge
Source: Nasdaq Triggers Market Wide Circuit Breaker | Simon Parkes Official Website
Tuesday, June 27, 2017
Source: Great Recession Fears… | Simon Parkes Official Website
While many “conventional” indicators of US economic vibrancy and strength have lost their informational and predictive value over the past decade (GDP fluctuates erratically especially in Q1, employment is the lowest this century yet real wage growth is non-existent, inflation remains under the Fed’s target despite its $4.5 trillion balance sheet and so on), one indicator has remained a stubbornly fail-safe marker of economic contraction: since the 1960, every time Commercial & Industrial loan balances have declined (or simply stopped growing), whether due to tighter loan supply or declining demand, a recession was already either in progress or would start soon.
This can be seen on both the linked chart, and the one zoomed in below, which shows the uncanny correlation between loan growth and economic recession.
And while we have repeatedly documented the sharp decline in US Commercial and Industrial loan growth over the past few months (most recently in “We Now Know “Who Hit The Brakes” As Loan Creation Crashes To Six Year Low“) as US loans have failed to post any material increase in over 30 consecutive weeks, suddenly the US finds itself on the verge of an ominous inflection point.
After growing at a 7% Y/Y pace at the start of the year, which declined to 3% at the end of March and 2.6% at the end of April, the latest bank loan update from the Fed showed that the annual rate of increase in C&A loans is now down to just 1.6%, – the lowest since 2011 – after slowing to 2.3% and 1.8% in the previous two weeks…
Source: U.S. Weeks Away From A Recession According To Latest Loan Data | Zero Hedge
Wednesday, June 7, 2017
It’s starting!
In Spain The bank called Banco Popular hat just been sold to Santander bank for one euro – All the small and medium shareholders have lost everything – The shareholders who hold millions are all protected and lose nothing.
www.express.co.uk/finance/city/814155/Santander-Spain-lender-Banco-Popular-bank-bailout-latest-news
Source: Banco Popular Sold For 1 Euro | Simon Parkes Official Website
Tuesday, June 6, 2017
Attack outside French Notre Dame cathedral,
all I have been told is one man shot by police.
A stunning soundbite was captured by a Bloomberg reporter during last week’s event at the American Bankruptcy Institute. According to judges speaking at an ABI conference Thursday in Manhattan, the U.S. Bankruptcy Court for the Southern District of New York is seeing a sharp rise in cases this year, with Chapter 11 and Chapter 15 filings outpacing national averages.
“Chapter 11s and Chapter 15s have exploded” said U.S. Bankruptcy Judge Shelley Chapman, speaking at American Bankruptcy Institute event, cited by Bloomberg reporter Tiffany Kary.
The numbers for the bankruptcy court which serves Manhattan are, frankly, horrifying: Chapter 11s have tripled in the first quarter of the year, while Chapter 15s for companies seeking U.S. aid for a reorganization in a foreign court have increased sevenfold, Chapman added.
What makes New York data so dramatic is that the region’s bankruptcy filings contrast with national data, that show Chapter 11 filings are down slightly, Judge Carla Craig from Eastern District of New York said.
New York is not alone it seems: As Bloomberg adds, Judge Brendan Shannon from Delaware said he has also seen an uptick in Chapter 11s and Chapter 15s, though not as marked as in New York. Shannon also sees trend in retail and energy sector bankruptcies continuing, based on current cases …
Source: Shocking Admission From NY Bankruptcy Judge: “Chapter 11, 15 Filings Have Exploded” | Zero Hedge
The recklessness of the “too big to fail” banks almost doomed them the last time around, but apparently they still haven’t learned from their past mistakes. Today, the top 25 U.S. banks have 222 trillion dollars of exposure to derivatives. In other words, the exposure that these banks have to derivatives contracts is approximately equivalent to the gross domestic product of the United States times twelve. As long as stock prices continue to rise and the U.S. economy stays fairly stable, these extremely risky financial weapons of mass destruction will probably not take down our entire financial system. But someday another major crisis will inevitably happen, and when that day arrives the devastation that these financial instruments will cause will be absolutely unprecedented.
During the great financial crisis of 2008, derivatives played a starring role, and U.S. taxpayers were forced to step in and bail out companies such as AIG that were on the verge of collapse because the risks that they took were just too great.
But now it is happening again, and nobody is really talking very much about it. In a desperate search for higher profits, all of the “too big to fail” banks are gambling like crazy, and at some point a lot of these bets are going to go really bad. The following numbers regarding exposure to derivatives contracts come directly from the OCC’s most recent quarterly report (see Table 2), and as you can see the level of recklessness that we are currently witnessing is more than just a little bit alarming…
Citigroup
Total Assets: $1,792,077,000,000 (slightly less than 1.8 trillion dollars)
Total Exposure To Derivatives: $47,092,584,000,000 (more than 47 trillion dollars)
JPMorgan Chase
Total Assets: $2,490,972,000,000 (just under 2.5 trillion dollars)
Total Exposure To Derivatives: $46,992,293,000,000 (nearly 47 trillion dollars)
Goldman Sachs
Total Assets: $860,185,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $41,227,878,000,000 (more than 41 trillion dollars)
Bank Of America
Total Assets: $2,189,266,000,000 (a little bit more than 2.1 trillion dollars)
Total Exposure To Derivatives: $33,132,582,000,000 (more than 33 trillion dollars)
Morgan Stanley
Total Assets: $814,949,000,000 (less than a trillion dollars)
Total Exposure To Derivatives: $28,569,553,000,000 (more than 28 trillion dollars)
Wells Fargo
Total Assets: $1,930,115,000,000 (more than 1.9 trillion dollars)
Total Exposure To Derivatives: $7,098,952,000,000 (more than 7 trillion dollars)
Collectively, the top 25 banks have a total of 222 trillion dollars of exposure to derivatives.
If you are new to all of this, you might be wondering what a “derivative” actually is…
The world has been stunned over the past few days by the advent of “Ransomware;” the use of sophisticated cyber attacks on vital systems in order to (supposedly) extort capital from target businesses and institutions. I am always highly suspicious whenever a large scale cyber incident occurs, primarily because the manner in which these events are explained to the public does not begin to cover certain important realities. For example, the mainstream media rarely if ever discusses the fact that many digital systems are deliberately designed to be vulnerable.
Software and internet corporate monoliths have long been cooperating with the NSA through programs like PRISM to provide government agencies backdoor access to computer systems worldwide. Edward Snowden vindicated numerous “conspiracy theorists” in 2013 with his comprehensive data dumps, exposing collusion between corporations and the NSA including Microsoft, Skype, Apple, Google, Facebook and Yahoo. And make no mistake, nothing has changed since then.
The level of collusion between major software developers and the establishment might be shocking to some, but it was rather well known to alternative analysts and researchers. The use of legislation like the Foreign Intelligence Surveillance Act (FISA) to skirt Constitutional protections within the 4th Amendment has been open policy for quite some time. It only made sense that government agencies would use it as a rationale to develop vast protocols for invading people’s privacy, including American citizens.
The issue is, in the process of engineering software and networks with Swiss cheese-like security in the name of “national security,” such exploits make vast spreads of infrastructure vulnerable to attack. I think it likely this was the intention all along. That is to say, the NSA and other agencies have created a rather perfect breeding ground for false flag attacks, real attacks and general crisis…
Source: Cyber attacks are the perfect trigger for a stock market crash | Tea Party
https://www.youtube.com/watch?v=kI7T-H-Z2tA
Just got word that our banks in the West are fracturing – loosing control.
With over $1,000 Trillion dollars of Hedge Funds now teetering on the verge of a collapse – $70 Trillion alone with Deutsche Bank – we are now seeing Microsoft reaching out to control all computing systems world wide.
The last President has done a Great Job in setting this One world Dictatorship up.
ZEIG HEIL
With the recent release of a virus that is greatly effecting all non-Windows 10 users in over 104 different nations – users – like the World’s Banking System – Microsoft has now come out and stated that they released the CURE before the Virus was released.
Sounds like Ebola and HIV – Who’s cure we had in our US Army Medical Manuals before these diseases were even seen.
Now Microsoft has come up with a release stating that just before the release of the deadly Virus they had published the “Cure.”
We never got the Updates for our computers, did you?
We run computers using Windows 95, Window’s Vista and Window’s 7.
Not one update to solve this problem. The only updates we received were to try and force us into Windows 10 – on all 4 computers.
So now Microsoft controls everything and the New Updates put your computer into Window’s 11 – the Smart Cloud.
Source: DR WILLIAM MOUNT: Banks Fracture as Microsoft Takes Over The Planet
So another chain restaurant is “preparing” to bite the dust. Ignite Restaurant Group, which operates the Joe’s Crab Shack chain with 113 locations and the Brick House Tavern chain with 25 locations, and used to operate the Romano’s Macaroni Grill chain with 150 locations until it sold it in 2015, is preparing to file for bankruptcy, “people familiar with the matter” told Bloomberg.
In the quarter ended September 26, 2016, the last quarter for which the company bothered to release an earnings report, same-store sales fell 6.8%; total revenues plunged 10% to $120 million.
A liquidity problem turns into a solvency problem: It had $729,000 of cash and about $26 million of “available borrowing capacity under its current credit facility.” Not exactly a lot, considering that the company lost $15.2 million in Q3, up from a loss of $4 million in Q3 2015.
It had $179 million in liabilities, including $113 million in long-term debt. It shares, which had traded as high as $19 in 2013, have consistently trended lower since, became a penny stock last year, and are now just about worthless (2 cents).
For chain restaurants, it’s really tough out there.
Industry-wide, same-store foot traffic fell 3.3% in April year-over-year. For the past three months, traffic is down 3.9%. Same-store sales in April fell 1.0% are down 1.8% for the past three months, according to TDn2K’s Restaurant Industry Snapshot…
Source: Worst Restaurant Tailspin Since 2009/2010 Crushes Lower End | Gold and Precious Metals
(Before It’s News)[ZurichTimes] Another X22 Report is out and this report seems more urgent and dire than the rest. Dave is telling us to prepare for the collapse as if we were in 2007 and the 2008 Meltdown was just around the corner…
https://www.youtube.com/watch?v=MJerGOY5nyA
https://www.youtube.com/watch?v=CiaUyU_bypU
Source: Trump Confirms, the Economy Will Be Brought Down and it Will Be Chaotic | Financial Markets
By late 2014 I’d finally had enough.
After so many run-ins with the bitter incompetence and bureaucratic indignity of the banking system, I decided once and for all that I would start my own bank.
I probably should have had my head examined, but instead I called one of my attorneys to talk through the options.
Had I known then what I know now, I think I still would have made the same decision… but in total honesty I was completely unprepared for the torrential shit storm I was about to enter.
The deeper I went, the more overwhelming my discoveries of how shockingly inept, obsolete, and out of touch the industry is.
It’s one thing to read about it in the headlines. It’s quite another to experience it first hand as an insider.
Here’s a great example: you know how it seems commonplace these days to hear about banks getting hacked? Well, there’s a very good reason for that.
Every bank runs on something called “core banking software”, which is sort of a central financial database that keeps track of all accounts and transactions.
Anytime you deposit or withdraw funds, the core banking software updates its records.
And whenever you log in to your bank’s website to check your account balance, the server relies on the core banking software for that information.
Core banking software is the most critical component of any bank’s technological infrastructure.
Yet ironically, the software that many of the most established banks use was originally written in either Fortran or COBOL, both 60-year old programming languages that date back to the late 1950s.
Back then banks were very early adopters of technology and jumped on the chance to automate their core functions.
As technology improved, banks continually patched and updated their systems.
But they eventually ran into limitations in terms of how much they could modernize the software.
In the software industry, developers recognize this limitation…
Source: I Never Knew How Screwed Up The Global Financial System Was Until I Started My Own Bank | Zero Hedge
There aren’t any surefire ways to tell if the stock market, and perhaps the rest of the economy, is about to take a nosedive. That’s because millions of people with millions of ideas are involved, so it’s an inherently unpredictable system. However, there are certain players in our economy that have a lot more influence and insider knowledge than the rest of us. So when they make a move in unison, you know there’s a good chance that something is about to go down.
And that’s exactly what’s going on with the stock market right now. The people who would stand to lose the most if the markets crashed; the corporate executives and insiders, are all jumping ship and selling their stocks.
As the investing public has continued to devour stocks, sending all three major indexes to record highs in the last few months, corporate insiders have been offloading shares to an extent not seen in seven years. Selling totaled $10 billion in March, according to data compiled by Trim Tabs.
It’s a troubling trend facing an equity market that’s already grappling with its loftiest valuations since the 2000 tech bubble. If the people with the deepest knowledge of a company are cashing out, why should investors keep buying at current prices?
The groundswell of insider selling has the attention of Brad Lamensdorf, portfolio manager at Ranger Alternative Management, and he doesn’t like what he sees.
“This is definitely a negative sign,” Lamensdorf wrote in his April newsletter. “They do not see value in their own companies!”
And this isn’t a recent trend. While ordinary investors were optimistically diving into the stock market after Trump was elected, these people were dumping their stocks as far back as February.
Chief executives and other corporate insiders are selling stock hand over fist now that the quarterly earnings season is over, a report from Vickers Weekly Insider shows. Transactions by insiders are restricted around a company’s report.
“Insider selling has jumped again, and this time to levels rarely seen,” analyst David Coleman wrote in Monday’s note.
In the last week, insiders’ sale transactions on the NYSE outnumbered their purchase transactions by more than 11 to 1, according to Vickers, a publication of Argus Research. The 11.47 reading is 3.5 standard deviations above the mean, according to Coleman.
Clearly, they know something that most Americans don’t. I’d wager that they know the stock market can’t keep reaching record highs indefinitely, they know the economy is resting on shaky ground, and they know that this sudden surge of investments in the stock market is their last chance to make a killing before the whole thing comes crashing down.
This article has been contributed by SHTF Plan. Visit www.SHTFplan.com for alternative news, commentary and preparedness info.
https://www.youtube.com/watch?v=KkVDhU9Xsrg
Report date: 05.02.2017
The collapse of Home Capital Bank could be spreading to other lenders. Greece reaches debt deal but they need to give up more and the country will sell of more of the country. The auto loan subprime bubble will mimic the subprime real estate bubble. JP Morgan is selling stocks because it sees signs the economy is collapsing. Trump preparing to replace the banking regulator. Trump says maybe we should shutdown the government in Sept. Is he telegraphing the date the economy will start to come down.
All source links to the report can be found on the x22report.com site.
Source: X22Report: Has The Date Of The Economic Collapse Just Been Leaked? – Episode 1269a | Alternative
Conspiracy Daily Update 