Capital Flight From China, One Person at a Time, Via ATM and Bitcoin

In response to New Yuan Loans and Shadow Banking Collapse in China; Record Bank Deposit Slump reader "CF" from Hong Kong who work...

Multi-Pronged Attack on Donetsk Rebels Likely Within Days

Donetsk is surrounded and rebels expect a major coordinated attack within days. Here is a map of major military operations by both sides fr...

New Yuan Loans and Shadow Banking Collapse in China; Record Bank Deposit Slump

A major alarm bell just rang in China with the release of July credit figures according to Macro Business Australia . Chinese Credit Just Co...

Japan GDP Plunges 6.8%, Consumption Down 19.2%, Private Investment Down 9.7%

In the wake of an inane sales tax hike Japan’s GDP Shrinks 6.8%, Most Since 2011 Gross domestic product shrank an annualized 6.8 percent i...

First-Time Home Buyer Dilemma: Overpay or Be Shut Out; Home "Ownership" Slavery

Supply of homes at the bottom-third of the market is down 17 percent from a year ago. Meanwhile the top-third home supply is up 15 percent w...

800 Finnish Dairy Workers Furloughed Due to Russia Sanctions, Others Fired; Brussels to Buy Fruit with Public Money

It's a " small price to pay " for 800 Finnish Dairy Workers Furloughed Due to Russia Sanctions . "Valio, the largest Fini...

Alarming Failure of French Economy; Expect Serious Tremors in September

Les Echo discusses the Alarming Failure of French Economy . GDP for the second quarter will be released Thursday, and it does not look good....

US to Supply Kurds with Russian Arms via CIA

The story in Iraq gets more bizarre by the day. Kurdish territory in Iraq are the only pro-American territory left. Yet the US worries it wi...

US Produces Evidence Rebels Shot Down MH17

At long last, the US produced evidence the rebels shot down MH17. Here is the damning proof. Excuse me. Did I say the US produced evidence? ...

Obama Calls Iraq "Long Term Project"; US Bombs Its Own Weapons; "These People Are Coming Here" Says Senator Graham

Total Failure Senator McCain and others want to send more weapons to Iraq, as we bomb US weapons already there (but now in hands of Isis). M...

Weekend Entertainment: Dr. Strangelove vs. Mario Draghi

For those needing a weekend humorous reprieve, I offer this email from Noel in Vancouver Canada. Hi Mish Couldn't resist this. Look at M...

Scathing Anti-West Editorial in German Handelsblatt; Reader Emails on "Small Price to Pay"

Yesterday, a reader told me about a must-read article in the German financial newspaper Handelsblatt. Having no details other than it was a...

"Small Price to Pay"

In response to Russia Fires Back With More Sanctions: NASA, Pepsi, McDonald's, Autos in Spotlight a close friend responded " It...

Ukraine Threatens to Block Gas to Europe; Bluff or Stupidity?

Sanction madness has gotten so silly now that Russia may not have the option to play the nuclear card of blocking gas to Europe. Ukraine mig...

Fed Study Finds 2 million in "Forced Retirement", 52% Cannot Afford an Unexpected $400 Expense

I have talked about " forced retirement " 174 times over the course of the past few years. I defined the term as those who retired...

Meet "McCashier" Your $15.00 Per Hour McDonald's Worker Replacement

Sure. You can make $15 an hour at McDonald's, at least in Seattle. You just have to perform better than this machine. But if you are not...

Obama Considers Airstrikes or Humanitarian Air Drops in Iraq

Iraq is a complete mess thanks to the idiotic actions of president Bush who wasted trillions of dollars removing Sadaam Hussein only to see ...

Italy "Unexpectedly" Slips Back Into Recession

The optimism of mainstream economists is rather curious. Economics appears to be right up there with faith-healing as the most optimistic pr...

US Dependent on Russia for NASA Launches; Well, Guess What? Russia Fires Back With More Sanctions: NASA, Pepsi, McDonald's, Autos in Spotlight

Not many people realize the US is dependent on Russian Soyuz rockets to ferry astronauts to the international space station. Former former N...

Housing Insanity Japanese Style: Record Number of Vacant Homes in Japan, Abe Wants to Stimulate Home Building

Thanks to a rapidly aging population, record numbers of Japanese homes sit vacant according to the July 30, 2014 Asian Review report Vacant...