Category Archives: Business & Economy

Carmageddon: Deep Subprime Auto Delinquencies Spike To 10-Year Highs

“As soon as lenders (and the investors behind them) get overconfident that they have better models and can make excess profits by disrespecting credit risk, they always get their hats handed to them sooner or later. The mortgage market learned this lesson at the expense of the entire global financial system, and it is playing out now in a micro-level, in the ABS market for subprime auto loans.”

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A Tale Of Two Gold Markets

There really is no true market for gold, just a rigged game consisting of physical gold and paper gold trading side by side as if they were one and the same. They’re not. And the result? More and more paper gold is poised on top of on an inverted pyramid with less and less physical gold at the base distorting the actual price of physical gold.

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The World Is Now $217,000,000,000,000 In Debt And The Global Elite Like It That Way

The borrower is the servant of the lender, and through the mechanism of government debt virtually the entire planet has become the servants of the global money changers.  Politicians love to borrow money, but over time government debt slowly but surely impoverishes a nation.  As the elite get governments around the globe in increasing amounts of debt, those governments must raise taxes in order to keep servicing those debts.  In the end, it is all about taking money from us and transferring it into government pockets, and then taking money from government pockets and transferring it into the hands of the elite.  It is a game that has been going on for generations, and it is time for humanity to say that enough is enough.

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“Try Before You Buy”: Amazon Launches Assault On Clothing Retailers With Prime Wardrobe [VIDEO]

On Tuesday, in its attempt to corner the last elusive space of the retail market – clothing –  Amazon announced the launch of Prime Wardrobe, “A New Fashion Platform” which will be included in current and future Prime memberships, Amazon said on its website. Essentially Prime Wardrobe will allow users to try clothes on before they buy and receive discounts.

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Remember When Ford ‘Cancelled’ That Plant In Mexico? Well, They’ve Just Moved It To China

Trump’s victory lap back in January after Ford cancelled plans for a brand new $1.6 billion production facility in Mexico may have been premature. As it turns out, per a press release from earlier this morning, one of the first strategic actions taken by Ford’s new CEO, Jim Hackett, will be to relocate the company’s ‘Focus’ production to China rather than Mexico.

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After Legalizing Weed, Unemployment In Colorado Has Collapsed To Record Lows

Three years after legalizing cannabis, Colorado has the lowest unemployment rate in the country. According to Governor John Hickenlooper, multiple factors have contributed to Colorado’s job growth, including the state’s business-friendly policies and the state’s very low business tax rate. One of the main factors in Colorado’s successful economy, however, is undeniably the cannabis industry.

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