PODCAST: Why This Recession is Different

Germany's Pension Time Bomb: $2+ Billion In CRE Losses Expose Cracks In The Fiat Era Submitted by Thomas Kolbe, A shock for the insured members of the Versorgungswerk Zahnärzte Berlin-Brandenburg (VZB). According to a report this week by Bloomberg, losses at the private pension fund total €1.1 billion. Roughly 50 percent of its invested capital has effectively been wiped out—channeled into private loans to non-listed companies, including rPlanet Earth in California, a shrimp farm in northern Germany, and, repeatedly featured on the investment menus of German pension funds, U.S. commercial real...

Democrats Will Try Not To Act Like Children During Trump's State Of The Union Address President Donald Trump will deliver his State of the Union address on Tuesday evening, and according to reports, many seats will be empty. Earlier this month, House Minority Leader Hakeem Jeffries gave his caucus its marching orders in a closed-door meeting: sit in the chamber with "silent defiance" or don’t attend.  "The two options that are in front of us in our House is to either attend with silent defiance or to not attend, and send a...