Official China press release vs Official WH release after G20 dinner
via @chigrl: Full WH statement:
Month: December 2018
The dossier’s only purpose was to get a special counsel appointed to go after Trump, and they got that.
BYRON YORK: Remember Prague? In Michael Cohen plea deal, Mueller says nothing about key collusion allegation. When news broke that Michael Cohen pleaded guilty to lying to Congress about his 2016 meetings concerning the failed Trump Tower Moscow project, the chattering class instantly began talking about the failed Trump Tower Moscow project. Of course that … Read more
G20 – Head of State slighted when greeted, not by Honor Guard, but by Airport Staff, Guess who?
Normally the hosting state sends the military honor guard to welcome the dignitary to their country when they disembark the plane. I guess French President Macron did not deserve such a distinction when instead it was airport staff at the door and on the tarmac that greeted him. Meanwhile, with eggs getting thrown on him … Read more
Doug Casey on the Future of Privacy
Via Casey Research Justin’s note: “Alexa, did you witness a murder?” Most people would never ask their Echo device this question. But authorities in New Hampshire believe an Echo smart speaker may have recorded audio during a double murder that took place last year. The judge in this case even asked Amazon to turn over audio … Read more
From Fake News To Fake Shoes – How Payless Pranked So-Called ‘Influencers’
Via ZeroHedge Payless tricked a group of fashionistas into buying their low-cost shoes for Madison Avenue prices. The company opened a fake store at a former Armani location in Santa Monica, California under the bogus label “Palessi,” and invited discriminating high-end shoppers to a fake launch party. VIP shoppers paid as much as $645 for shoes … Read more
One Section of the U.S. Yield Curve May Invert as Soon as Today
via Katherine Greifeld and Emily Barrett As bond traders scale back Federal Reserve rate-hike expectations, one section of the U.S. yield curve is on a fast track to inversion. The spread between 3-year and 5-year Treasury yields shrank to less than 0.1 basis point on Friday, the smallest gap in more than a decade. It may turn negative by the … Read more
William Black – Deutsche Bank Crime Weakens Global Financial System, Can Cause Next Global Crisis
Professor of Economics and Law, William Black, who was a top regulator in the S&L crisis, says, “Deutsche Bank is one of the potential sources of the next recession, and you can see lots of people warning that there are signs that a serious recession is pretty likely relatively soon. . . . The whole … Read more
All hell breaks loose in France: The government mulls state of emergency after 3rd weekend of Yellow Vest protest mayhem
After hundreds of people were arrested and injured during Saturdays’ Yellow Vest protests, government is now mulling all options as a response. That includes a state of emergency, a spokesman confirmed. “It is out of the question that each weekend becomes a meeting or ritual for violence,” Benjamin Griveaux told Europe 1 radio on Sunday. … Read more
SPX – 2008 vs 2018.
https://twitter.com/magotrader/status/1068955761819176960 The $SPX Death Cross via the popular 50 and 200 day is just overhead /11 pic.twitter.com/G3zJauNc0X — mcm-ct.com (@mcm_ct) December 2, 2018 The $SPX island top trendlne comes in overhead and conincides with the current ramp channel /12 pic.twitter.com/c345po90rK — mcm-ct.com (@mcm_ct) December 2, 2018 PMIs outside the US peaked in late 2017/early 2018 … Read more
Market outlook: bull market tops are a process
by Troy The U.S. stock market rallied last week and is now sitting just under its 200 day moving average. Source: Investing.com The economy’s fundamentals determine the stock market’s medium-long term outlook. Technicals determine the stock market’s short-medium term outlook. Here’s why: The stock market’s long term is bullish, but this will change in 2019. The … Read more