Sunday , September 22 2019
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

Deja Vu 2000 Or Flashback 2007? (Part 2)

Authored by David Hay via Evergreen Gavekal blog,  Read Part 1 here “The experience in Japan, Europe, or even the US, is that once you get into a near-zero interest-rate regime, it’s kind of a black hole. The economy tends to be pulled in, and once there, it’s difficult to escape.” - Larry Summers, former US Secretary of the Treasury. “The US economy is in far worse shape than the Q2 GDP data suggest. Only the consumer is preventing a recession at the moment, and that is only happening...

Read More »

Home Flippers See Profits Shrink In Latest Sign Housing Boom Is Coming To An End

The US housing market is in the middle of modest rebound, but speculators might have played a bigger role in this comeback than many might imagine. According to ATTOM Data Solutions' report on home flipping during the second quarter, some 59,876 single family homes were flipped during the quarter, up 12.4% from Q1 2019, but down 5.2% from a year ago. Meanwhile, profits for home-flippers shrank but just a sliver when compared with the same period from a year ago, as well as the prior quarter....

Read More »

Moscow Slams US General For Plan To Destroy Russia’s Air Defenses

Authored by Jason Ditz via AntiWar.com, It goes without saying that the US and Russia both have many, many plans to attack one another. Generally speaking, however, it’s been treated as bad form to bring them up, and worse form to brag about them. So Russia is criticizing US General Jeffrey Harrigian for talking up how the US has plans to destroy all air defenses in the Russian exclave of Kaliningrad, saying there should be “no doubt” the US could do it. Iskander-M via RT US General...

Read More »

12 Tons Of Cocaine Worth $575 Million Seized In Malaysia’s Largest Drug Bust

Royal Malaysia Police have seized 12 tons of cocaine worth about $575 million in the most massive drug bust ever in the country, reported Malay Mail.  The cocaine, found at the North Butterworth Container Terminal (NBCT) earlier this month, was divided in three 40ft shipping containers, which had 60 sacks of charcoal blended with the drug, a new technique used by drug smugglers to evade drug-sniffing dogs and or electronic sniffers. Inspector-General of Police Tan Sri Abdul Hamid Bador...

Read More »

“This Is The Most Alarming Trend In The Market”: 1 In 4 Luxury NYC Apartments Remain Unsold Over The Past 5 Years

Across the US, but especially in coastal cities like New York and San Francisco, the ultraluxury property market increasingly looks like a buyers' market. Ever since the market for condos peaked three years ago, it has been rapidly cooling off across the most popular urban markets. We've been documenting this trend for a few years now, and according to a new report by the website StreetEasy that was cited by the New York Times this week, there are now more than 16,200 condo units across...

Read More »

“What Were You Like At 17?”: Maher Defends Kavanaugh In Fiery Exchange With Liberal Guests

On his show Friday night, Bill Maher and his panel got into a heated debate over the "new" allegations about Brett Kavanaugh - yes, the ones even his accuser can't remember. Maher even turned on his liberal comrades, adopting the position that rehashing events from when Kavanaugh was 17 years old hurt the Democrats in 2018... and could hurt them again. Citing polling from 2018, Maher said that Democrats could have done better in the midterm elections had it not been for the Kavanaugh...

Read More »

Jeffrey Epstein Paid Doctors To Drug ‘Sex Slaves’: Report

Victims of dead pedophile Jeffrey Epstein say he paid doctors and psychiatrists to dope them up with anti-anxiety and antidepressant medications, according to a new report in the Miami Herald.  "There were doctors and psychiatrists and gynecologist visits. There were dentists who whitened our teeth. There was a doctor who gave me Xanax. What doctor in their right mind, who is supposed to protect their patients, gives girls and young women Xanax?" said victim Virginia Giuffre, who was...

Read More »

Why Are So Many Top-Tier College Girls Turning To ‘Soft Prostitution’?

Are you a rich guy who wants to bang debt-laden college girls with all your extra money?  Are you a struggling college girl facing decades of six-figure debt so you can follow your unsinkable dreams?  Great news; thanks to the internet, your bases are covered! As we've previously reported (here and here), 'soft prostitution' may have been going on for a long time - but its normalization is relatively new - and undoubtedly linked to the $1.5 trillion+ student debt problem.  As an example,...

Read More »

The Weird Obsessions Of Central Bankers, Part 1

Authored by Pater Tenebrarum via Acting-Man.com, How to Hang on to Greenland Jim Bianco, head of the eponymous research firm, handily won the internet last Thursday with the following tweet: Jim Bianco has an excellent idea as to how Denmark might after all be able to hang on to Greenland, a territory coveted by His Eminence, POTUS GEESG Donald Trump (GEESG= God Emperor & Exceedingly Stable Genius). Evidently the mad Danes running the central bank of this Northern European socialist...

Read More »

Canada’s “Wokest” PM Just Took A Hit In The Polls After Blackface Scandal

It wasn't a good week for Canada's "wokest" leader, Justin Trudeau, after multiple images of the Liberal Party Prime Minister in 'brownface' and 'blackface' emerged. If the images from a 2001 "Arabian Nights" party released Wednesday weren't bad enough, a follow-up video showing a separate third blackface incident released soon after his public apology made things even worse, taking the cringe level higher.  Two major polls published Saturday show that during the days encompassing the...

Read More »