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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

Hack Of 500 Million Marriott Guests Traced To Chinese Intelligence Services

First it was the North Korean hackers that were accused of somehow hacking into Sony's unbreakable firewall. Then, for a period of almost three years, not a single computer, voting booth, or nuclear power plant appeared to be safe from the Russian hacking scourge, which according to much of the US press, singlehandedly won the election for Trump. Well, step aside Russians and make room for the Chinese hacker army, because according to the NYT citing two source, the recent cyberattack on the...

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Catastrophic Power Outage Poses “Profound Threat” To US, New Government Report Finds

Authored by Mac Slavo via SHTFplan.com, The United States is not prepared for a catastrophic power outage, according to an alarming new report from the President’s National Infrastructure Advisory Council (NIAC). The report, titled Surviving a Catastrophic Power Outage, explains the findings of the council, which is tasked with examining the nation’s “ability to respond to and recover from a catastrophic power outage of a magnitude beyond modern experience, exceeding prior events in...

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Canadian Personal Bankruptcies Are Surging At Breakneck Speeds

The shock of rising interest rates isn’t just affecting the macro picture and grinding the US economy to a halt, but it is also having profound effects globally. In Canada, personal bankruptcies are on the rise as household debt lingers at, or above, all time highs and interest rates force the cost of servicing this debt even higher. According to data from the Office of the Superintendent of Bankruptcy Canada, insolvencies climbed to 11,641 in October, a 9.2% rise compared to the year prior....

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Three Clinton Foundation Whistleblowers To Testify About Tax Crimes, Pay-For-Play

Following allegations of sloppy accounting, potential tax fraud and pay-to-play, the Clinton Foundation will be under a Congressional microscope this week after three whistleblowers have come forward and agreed to testify - one of whom secretly submitted 6,000 pages of documents to the IRS and FBI in August of 2017, and all three of whom have submitted various documents to Congressional investigators.  Rep. Mark Meadows (R-NC), Chairman of the House Freedom Caucus, told Fox News's Martha...

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Behold Chaos: Two Months Of Market Headlines

Feel like you are losing grip of a market which appears to be entirely under the control of headline-scanning algos and CTAs? You are probably not alone. Below we have pulled a little over two months of Bloomberg summary headlines from the Bloomberg Macro Squawk Wrap starting with October 2, just before Chair Powell's speech declaring that the neutral rate is "a long way off" and continuing through today. So for those who feel nostalgic and want to relive the past 10 weeks, feel free to...

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Polio-Like Disease Spreads; Record Number Of Cases Reported As Children Suffer Paralysis

2018 has seen a record number of cases of a polio-like illness which paralyzes children, according to US health officials.  Experts still have no idea what's causing children across the country to lose the ability to move their arms, legs, face, heck, or back - around a week after patients are diagnosed with a fever and respiratory illness. The rare disease which starts off like the common cold affects the nervous system, "specifically the area of the spinal cord called gray matter, which...

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The Deep State Wants Your Guns

Authored by Jose Nino via The Mises Institute, James Bovard notes the threat to private gun ownership posed by the “deep state,” the “officials who secretly wield power permanently in Washington, often in federal agencies with vast sway and little accountability.” While such laws were made by elected officials, it is unelected bureaucrats who are largely left in charge of enforcement, and that can cause big problems for gun owners. Just before press time for this issue, it was reported...

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With Bottles Selling For $1.5 Million, The Whiskey Insurance Industry Is Booming

As we discussed recently when we covered the growing trend in cryptocurrency insurance, where there are booms (and busts), there are going to be boom-derivatives to profit off of. The high-end whiskey market is no different, and with the rarest whiskeys sometimes costing millions of dollars, insurance on these rare liquors is becoming a booming business, according to a Bloomberg article. Ron Fiamma, head of global collections at AIG - best known for selling CDS ten years ago and now even...

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Fed Report Says Millennials Are Poorer Than Other Generations…But Fed Policies Made It Happen

Authored Ryan McMaken via The Mises Institute, One of the challenges in looking at income and wealth data is getting a sense of how different demographic groups are affected. It's relatively easy to find median income and wealth data over time for the entire population, for example. But then problems of interpretation immediately present themselves. For example, if the data is household data, what are we to make of things if the household compositions has changed over time? And what if...

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Kremlin To Release US-Russia Communications On Election Meddling If Trump Agrees

Russia will declassify all correspondence with the United States regarding election meddling in the 2016 US election if the US agrees to it, according to state owned RT, citing a senior official of the Cyber Threats Response Center. "We are ready to make public all correspondence if the US side gives its consent to it," said deputy director of the FSB-run CTRC, Nikolai Murashov, in a Tuesday statement to reporters. He added that the files are currently classified.  Washington’s...

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