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Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns
Bursting Of AI Bubble, Collapse Of Circular Deals Are Among Top Risks To Global Financial System, BIS Warns
An artificial-intelligence bust (and thus bubble), inflation and fiscal stress are the three the most alarming threats to global prosperity at present, the Bank for International Settlements warned. In its annual report published on Sunday, the Basel-based institution - better known as the central banks' central bank - cited those on a list of “pressure points” that currently “demand attention,” with underlying financial vulnerabilities lurking that could amplify any shock.
“The global economy remains...
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Apr 17, 2026 / Tyler Durden
"F**k It…Just Do It": Carville Lays Out Democratic Plan To Add States And Pack The Court To Retain Power
"F**k It…Just Do It": Carville Lays Out Democratic Plan To Add States And Pack The Court To Retain Power
Authored by Jonathan Turley via jonathanturley.org,
Various Democrats have been openly discussing their plans after retaking power to change the system so they never lose power again. Democratic strategist James Carville has been one of the most vocal and returned to the subject this week in laying out how they will make D.C. and Puerto Rico states and pack the Supreme Court with a liberal majority.
On his podcast with Al Hunt, Carville explained,...
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Mar 25, 2026 / Tyler Durden
The Frozen Market For Homes
The Frozen Market For Homes
Authored by Jeffrey Tucker via The Epoch Times,
Mortgage rates on a 30-year loan just hit 7 percent, intensifying problems on the demand side. Mortgages plus insurance—which turns a half-million dollar house into a $1.2 million house plus property taxes—became unaffordable for another class of buyers while already out of reach for most people.
On the supply side, millions of existing homeowners are locked into COVID-era mortgages of 3 percent or lower, which makes them negative in real terms. That’s a great deal unless you sell and...
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Apr 19, 2026 / Tyler Durden
"No More Mr. Nice Guy": Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes
"No More Mr. Nice Guy": Trump Sends Witkoff To Pakistan For U.S.-Iran Talks As Hormuz Traffic Freezes
By Sunday morning, the latest Bloomberg ship tracking data showed that tanker traffic through the Strait of Hormuz had largely ground to a halt. There were multiple incidents of tankers U-turning over the last 24 hours. At the same time, a senior Iranian official renewed threats to close the Bab al-Mandeb Strait.
The Hormuz chokepoint (closed once again after briefly opening on Friday morning) comes as the US blockade of Iranian ports remains in...
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