h/t David Stockman Rather than attempting to "justify" or dismiss valuations, it's better to accept that speculative pressures (we read via market internals) can allow enormous, temporary deviations from valuation norms over portions of the cycle. Just don't imagine those deviations are permanent. pic.twitter.com/cBJQ59i3Pd — John P. Hussman, Ph.D. (@hussmanjp) December 4, 2017 The Fed Is … Read more
By Michael Snyder This is what can happen when you go to a socialized healthcare system. A lot of people out there believe that the United States has a free market healthcare system, but that is actually not true. The percentage of the population that receives government-subsidized healthcare is rapidly approaching 50 percent, and the … Read more
by Chris Black It’s an undeniable fact that Germany’s chancellor Angela Merkel, also known as Mutti Merkel (Mother of Refugees), is one of the persons accountable for European Union’s (failed) open borders policies. The thing is, back in 2015, Chancellor Merkel took the decision to open-wide Germany’s borders and allowed over one million (nobody knows … Read more
by Mark Angelides Once again the story about the baker who refused to bake a cake for a gay couple is in the ages of our newspapers. We are being asked to look at it as though the baker, Masterpiece Cakeshop, was asking for “the right to discriminate” (LA Times) and that their refusal is akin … Read more
Financial markets could be over-heating, warns central bank body Bank for International Settlements’ quarterly health check warns global economy resembles era just before financial crash Investors are ignoring warning signs that financial markets could be overheating and consumer debts are rising to unsustainable levels, the global body for central banks has warned in its quarterly … Read more
by sundance Did you know the DOJ has been investigating the FBI for 11 months…. wait, what? Hold-up on the criticism folks. Three important statements today from the DOJ, FBI and OIG indicate there have been ongoing investigations and reviews of conduct within the upper tiers of leadership within the Department of Justice and the FBI. Given the … Read more
by Thinker There are over half a million kids missing in North America and not one agency that Americans spend trillions on to keep everything safe is doing their job, if children can disappear. Headline news reporting to Americans about a few hundred girls missing in Africa, when there are almost a million missing on … Read more
Dr. Mark Skidmore thinks the federal accounting of $21 trillion in missing money is crazy and far outside the realm of normal. So, is this a legitimate U.S. national security issue? Dr. Skidmore, who holds a PhD in Economics, says, “Yeah, and that is one of the reasons I decided to look at this. How … Read more
by SpontaneousDisorder The market has drawn these out. I think the combination of rallying to meet these lines with the tremendously overbought technical condition of the stock market makes this important. This chart shows parallel trendlines for the middle portion of this bull (wave 3) although wave 5 (within this wave 3) didn’t manage to hit … Read more
Fed is in trouble It wants to cool financial markets and the economy but can’t control financial conditions – @ Johnny Bo Jakobsen? ECB warns of possible global market correction after excessive risk-taking The European Central Bank (ECB) warned Wednesday that despite the improved economic growth in the euro area there are concerns related to a … Read more