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"Odious Debt" Has Finally Arrived: Greece To Write Off "Illegal" Debt
It was back in June 2011 when we first hinted that the time of Odious Debt is rapidly approaching. As a reminder, this is what Odious Debt is: In international law, odious debt is a legal theory which...
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Why The BRICs Are Less Worried About The Next Crash
When even Jamie Dimon warns that "another crisis is coming", and points to the utter lack of market liquidity and the likelihood of another flash crash, it probably means that not only has he been...
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Greeks Vote In "Holy Moment" - Live Updates
The Greek day of decision has arrived, and with it so did the Greek finance minister at his local voting booth...... who then proceeded to enshrine today's referendum vote as a holy moment for...
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The Financial Attack On Greece: Where Do We Go From Here?
Submitted by Michael Hudson via CounterPunch,The major financial problem tearing economies apart over the past century has stemmed more from official inter-governmental debt than with private-sector...
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How Socialism Destroyed Puerto Rico, And Why More Defaults Are Looming
With Puerto Rico missing a payment on a bond overnight "due to non-appropriation of funds" but denying that this constitutes anything close to a default, the territory may be about to retake the...
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VW CEO Winterkorn Steps Down Despite Being "Unaware Of Any Wrongdoing"
Despite saying that press reports of the CEO leaving were "utterly ridiculous", he just did...*VW CEO WINTERKORN STEPPING DOWN OVER WIDENING DIESEL SCANDAL*VW'S WINTERKORN SAYS UNAWARE OF ANY...
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Saudi Arabia Bans Flights, Travel To Iran
Over the weekend, a series of dramatic events stemming from Saudi Arabia’s execution of Shiite cleric Nimr al-Nimr plunged the Mid-East further into chaos. The torching of the Saudi embassy in Tehran...
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"Investors Have Completely Lost Faith In Deutsche Bank" A Top 10 Shareholder...
After a day of "rock solid" Lehman-isms, emergency bond buyback plans, and a stock price still unable to close green, Deutsche Bank is on the ropes (despite CNBC proclaiming that "it doesn't feel like...
View ArticleFrontrunning: March 22
Brussels Rocked by Deadly Attacks With Blasts at Airport, Subway (BBG)Death count climbs in Brussels blasts (Reuters)Europe on High Alert After Blasts in Belgium (WSJ)Brussels Phone Users Urged to Text...
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The End Is Near For Brazil's Ultra-Corrupt Government
Submitted by George Greenwood via The Foundation For Economic Education,Brazil has faced a sharp change in its economic fortunes. Graft, mismanagement of growth dividends and protectionism has put...
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China Is Now Conducting "Security Reviews" On Foreign Tech Products
In a speech last month, China's president Xi Jinping had some telling comments around what technology companies can expect in the future as they try and sell into the Chinese market.According to the...
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US Commercial Bankruptcies Soar (despite Rosy Scenario)
Wolf Richter www.wolfstreet.com The post-February euphoria in the US bond market has been a sight to behold, stirred up by NIRP and QE in Japan and the Eurozone. The ECB is beginning to buy...
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Valeant Shares Plunge Again After Company Slashes Guidance
The bad news for Valeant shareholders just keeps coming. After repeatedly cutting its guidance in the past several months, earlier today VRX once again cut guidance dramatically, sending shares...
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Beijing Orders Apple To Stop Sales Of iPhone 6 Models
Apple has been told by Beijing's intellectual property regulator to stop sales of the iPhone 6 and iPhone 6 Plus in the city.The two iPhone models infringe on a Chinese patent for exterior design held...
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After Brexit: The System Cannot Hold
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,Well, they did it. A majority of Britons made clear they’re so fed up with David Cameron and everything he says or does, including promoting...
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From Monica To Loretta - The Clintons Corrupt Absolutely
Authored by Michael Goodwin, originaly posted at The New York Post,She can’t help herself. Even yesterday, with the political world fixated on her meeting with FBI agents, Hillary Clinton had her flack...
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West On Edge As Erdogan Meets With Putin: "Turkey's Relations With The US Are...
The bad blood between Turkey and Russia over the November downing of a Russian fighter jet over Turkey is all but forgotten as Turkish president Recep Tayip Ergodan is to meet with “his friend”...
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FT Endorses Hillary Clinton: "Trump Has Demonstrated Contempt Towards...
While we doubt that Donald Trump will be especially distraught upon reading that the Japanese-owned, British-domiciled Financial Times has come out in support of Hillary Clinton, by endorsing the...
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"Depressed" Millennials Are Convinced The Trump Economy Is Going To Implode
When asked about the economic outlook for America, millennials were the only generation to predict 2017 would be worse than 2016. As Bloomberg reports, the feeling of impending doom wasn't exclusively...
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German Press: "That Was No Presidential Speech; That Was A Declaration Of War"
Following yesterday's openly confrontational, deliberately protectionist presidential address by president Trump, which in various circles has been dubbed the "American carnage" speech for obvious...
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