Britain’s worst peace-time current account deficit ever. IMF predicts it will worsen. Anatomy of a derivatives trade potentially gone horribly wrong. Regulators don’t even understand them! Cost to hire China container ships plunges to historic lows. Worse than 2008. No pending bailouts. No incipient V-shaped recovery. No ‘Official Financial Crisis’. The sad story of Valeant Pharmaceuticals. Even the IMF is now predicting growing risks to the global economy. Veterans who don’t tow the party ‘patriotism’ line are vilified. The sickening story of two vets’ experiences in Afghanistan and Iraq. An economy totally built on debt. Totally unsustainable. Factory orders collapsed in February as did durable orders. Dramatic payroll cuts.
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