Friday , August 17 2018
Home / Zerohedge
The author Zero Hedge
Zero Hedge
our mission: to widen the scope of financial, economic and political information available to the professional investing public. to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become. to liberate oppressed knowledge. to provide analysis uninhibited by political constraint. to facilitate information's unending quest for freedom.

Zerohedge

US Futures Surge, Yuan Jumps And Dollar Drops As China-US To Resume Trade Talks

Heading into Thursday trading, global stocks were set for another downbeat session when China's Ministry of Commerce broke news broke that - at the invitation of the US - China would send its Vice Commerce Minister, Wang Shouwen, to the U.S. for low-level trade talks in late August, the first official exchanges since earlier negotiations broke down two months ago. The Chinese delegation would meet with an American group led by David Malpass, under secretary for international affairs at the...

Read More »

Tesla Whistleblower Releases VINs Of Model 3s With Punctured Battery Modules

Update: A Tesla spokesperson has issued the following statement in response to Tripp's allegations: "These claims are false and Tripp does not even have personal knowledge about the safety claims that he is making. No punctured cells have ever been used in any Model 3s in any way, and all VINs that have been identified have safe batteries" It would be very easy to prove or disprove if Tripp is lying: just find one of the VINned cars, and check its batter module. Shortly after posting the...

Read More »

Why Scandinavia Isn’t Exceptional

Authored by Per Bylund via The Mises Institute, The Scandinavian countries, and primary among them Sweden, are commonly referred to as anomalies or inspirations, depending on one’s political point of view. The reason is that the countries do not appear to fit the general pattern: they are enormously successful whereas they “shouldn’t” be. Indeed, Scandinavians enjoy very high living standards despite having very large, progressive welfare states for which they pay the world’s highest taxes....

Read More »

EU Fears British Spies “Bugged” Secret Brexit Talks

The last time European Union officials were being spied on - and questioned it publicly (after Edward Snowden exposed the reality) - it was the Obama administration in 2013. Now five years later, The Telegraph reports that the EU's Brexit negotiators fear that they are being bugged by the British secret service after the UK obtained sensitive documents “within hours” of them being presented to a meeting of EU officials last month. The EU bugging fears were raised at a meeting in the...

Read More »

The Turkish Emerging Market Timebomb

Authored by Jim O'Neill, originally on Project Syndicate As the Turkish lira continues to depreciate against the dollar, fears of a classic emerging-market crisis have come to the fore. Turkish President Recep Tayyip Erdoğan's populist economic policies have finally caught up to him, and sooner or later, he will have to make nice with his country's traditional Western allies. Turkey’s falling currency and deteriorating financial conditions lend credence, at least for some people, to the...

Read More »

MIT Computer Model Predicts Dramatic Drop In Quality Of Life To 2020, “End Of Civilization” By 2040

Authored by Michael Snyder via The Economic Collapse blog, Is humanity approaching a major turning point?  A computer model that was originally developed in 1973 by a group of scientists at MIT is warning that things are about to dramatically change.  If the computer predictions are accurate, our standard of living will start to decline dramatically around the year 2020, and we will witness the “end of civilization” around the year 2040.  Of course this is not the first time ominous...

Read More »

“I’m Not A Racist, But I’m A Nationalist”: Why Sweden Faces A Historic Election Upset

“Trains and hospitals don’t work, but immigration continues,” Roger Mathson, a retired vegetable oil factory worker in Sweden, told Bloomberg on the same day as the violent, coordinated rampage by masked gangs of youths across five Swedish cities. We noted earlier that Swedish politicians were quick to react with anti-immigrant party 'Sweden Democrats' seeing a surge in the polls ahead of the September 9th election. “I’m not a racist, but I’m a nationalist,” Mathson said. “I don’t like...

Read More »

A Virgin, A Pastor and Two Soldiers

Authored by Raul Ilargi Meijer via The Automatic Earth blog, On August 15, Greeks celebrate the “Dormition (or the Assumption) of the Virgin Mary (in Greek: Koimisis tis Theotokou). The holiday commemorates the “falling asleep” or death of the Theotokos (Mary, translated as “God-bearer”). August 15, one of the most important holidays in the Orthodox calendar, is celebrated across the country, and is a date when many Greeks leave the towns and cities where they live and work to return to...

Read More »

Visualizing Italy’s Plunging Investment In Infrastructure

After a motorway bridge collapsed in Genoa on Tuesday killing 35 people, Italy is still in shock and mourning. While rescuers searched the rubble and twisted steel for survivors, investigators were already examining possible reasons for such a catastrophic collapse. The country's transport minister called on senior managers at the company managing the bridge to resign while a criminal inquiry into the disaster has also been announced. As Statista's Niall McCarthy notes, The Morandi bridge...

Read More »

Trump Slams NY Gov Cuomo’s “Total Meltdown” After “America Was Never That Great” Comment

Update: President Trump has been made aware of Cuomo's "total meltdown"... “WE’RE NOT GONG TO MAKE AMERICA GREAT AGAIN, IT WAS NEVER THAT GREAT.” Can you believe this is the Governor of the Highest Taxed State in the U.S., Andrew Cuomo, having a total meltdown! — Donald J. Trump (@realDonaldTrump) August 16, 2018 *  *  * Authored by Mike Shedlock via MishTalk, In an enormous political gaffe, New York Governor Andrew Cuomo told an audience "America was never that great." Kiss the 2020...

Read More »