Today’s bubble will leave some similar marks. But where those previous bubbles were narrowly focused on a single asset class, this one is so broad-based that the hangover is likely to be epic in both scope and cumulative embarrassment.
This series will create a paper trail for the morning after, starting with a truly amazing anomaly: European junk bonds now yield less than US Treasury bonds.
The Distribution of Pain (Nate)
We have engineered society so that we at the upper end of the financial spectrum have little interaction with or knowledge of the people who feel the most pain. I wrote about this chasm between classes last year (see “Life on the Edge”) as the US elections made the split in our nation harder to ignore.
Officials working at the East Stratcom taskforce in Brussels say they have seen an increase in disinformation linked to the Catalan referendum, in line with the explosion of media interest in the story. The unit started work in September 2015 as part of an attempt to debunk fake news and improve understanding of EU policies in eastern Europe.
Warning: 180 Million Smartphone Users Just Hacked (Tiffany D.)
To this day … hundreds of millions of Americans have had their information compromised and more than 12 new people are hacked each second.
We hear about a massive hack almost every week. In fact, one happened recently, which is why this topic has been on my mind.
Meanwhile, Gazprom is showing no concern whatsoever about potential challengers of its market share in Europe. Recently, the executive in charge of Gazprom’s export division, Elena Burmistrova, told media that there is nothing that can get in the way of Gazprom’s supplies of natural gas to the continent, even U.S. LNG, which some European gas consumers have hailed as a much needed alternative to Gazprom gas.
Alberta appealed the decision all the way to the Supreme Court out of concern it would lead to more companies stripping off bad assets and handing the bill to the OWA and, potentially, onto taxpayers. The Supreme Court announced Thursday it would hear the appeal.
The list obtained by the Post shows how many assets have been disclaimed since the lower court decision: 12 defunct oil and gas companies have disclaimed responsibility for 1,628 licensed oil and gas sites. The deemed liabilities for those sites exceed $100 million.
Todd and Eric talk about what compelled him to bring together inquiries on border militarization and climate migration, relationships between climate-related crises and inequality, and how climate denialism in the Trump administration seems to be a smokescreen to hide the way climate-related planning is happening within the US military, among other things.
Based on the detection from monitoring stations and meteorological data, the mysterious cloud — which has since dissipated — has been traced to somewhere along the Russia-Kazakhstan border, according to Jean-Christophe Gariel, director for health at the IRSN.
“It’s somewhere in South Russia,” he says, likely between the Volga River and the Ural Mountains.
Gold & Silver
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