Were Trade Wars Inevitable?

Authored by Charles Hugh Smith via OfTwoMinds blog, Trade in which mobile capital is the comparative advantage is a system of Neocolonial exploitation of developing-world nations. Were trade wars inevitable? The answer is yes, due to the imbalances and distortions generated by financialization and central bank stimulus. Gordon Long and I peel the trade-war onion […]

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Dalio Warns Recent Geopolitical Events “Raise Probabilities Of Capital-, Cyber-, And Even Shooting-Wars”

Authored by Ray Dalio via LinkedIn.com, Summary: Nowadays, we can’t avoid considering geopolitical developments because they are playing a greater than normal role in affecting economies and markets. Recent geopolitical developments have led me to raise my probabilities of trade and other types of wars, such as capital wars, cyber wars (and possibly even shooting […]

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CFPB Planning Record Fine Against Wells Fargo For Mortgage Lending, Auto Insurance Abuses

President Donald Trump has apparently kept his promise that the Consumer Financial Protection Bureau, under the leadership of OMB Director Mick Mulvaney, isn’t planning on dropping its pursuit of penalties against Wells Fargo for overcharging mortgage borrowers and forcing customers to buy auto insurance they didn’t need. According to Reuters, the CFPB is reportedly planning […]

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