by Charles Hugh-Smith Wealth is flowing to those who earn money from their human capital and enterprise. So you want to get rich: OK, what’s the plan? If you ask youngsters how to get rich, many will respond by listing the professions the media focuses on: entertainment, actors/actresses, pro athletes, and maybe a few lionized inventors … Read more
by Michael Snyder Apple iPhone sales are never supposed to go down. For nearly two decades, Apple has been an unbeatable economic miracle, but now it appears that times have changed. Global sales for the iPhone were disastrous during the holiday quarter, and this is yet another indication that the global economic slowdown is accelerating. Here in the … Read more
Everyone remembers that housing prices were crushed during and even after the 2007-2009 financial crsis. Are we headed toward a repeat? https://www.youtube.com/watch?v=7QIn0HdNCeQ
Road To Roota, Released on 1/29/19 With $60B-$80B in potential claims against PG&E in their Chapter 11 filing why isn’t anybody talking about the $600B-$800B in notional DERIVATIVES that were just triggered? Who’s the BIG LOSER? Bix Weir has 30 years’ experience in the financial industry with various fortune 500 companies. He is the creator … Read more
Wall St. For Main St., Released on 1/29/19 Jason talks about the new data from Caterpillar, Apple, ratio of “present situation” to “expectations” from the Conference Board confidence report and also what GameStop said about credit for LBOs.
by John W. Whitehead “This is jackboots in the morning. This is an American nightmare that they would arrest somebody like this.”—Judge Andrew Napolitano The American Police State does not discriminate. Whatever dangerous practices you allow the government to carry out now—whether it’s in the name of national security or protecting America’s borders or making America great … Read more
TradersChoice.net, Released on 1/29/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Seattle prices drop 5.1% in five months, most since Housing Bust 1; San Francisco Bay Area, Los Angeles, San Diego, Denver, Portland all decline. This is the most obvious one: Seattle. House prices in the Seattle metro dropped 0.7% in November from prior month, according to the Case-Shiller Home Price Index … Read more
Media Shouldn’t Make The Same Mistakes in Empire Actor Jussie Smollett Attack Stories As The Mistakes They Made With The Covington Kids. Robby Soave at Reason posted a huge scoop on this developing story earlier today: “According to the victim, the offenders’ faces were concealed,” a police spokesperson told Reason. “We have no record indicating that [they shouted ‘MAGA’], we only have … Read more
by Pat Buchanan “Pay the soldiers. The rest do not matter.” This was the deathbed counsel given to his sons by Roman Emperor Septimius Severus in A.D. 211. Nicolas Maduro must today appreciate the emperor’s insight. For the political survival of this former bus driver and union boss hangs now upon whether Venezuela’s armed forces choose … Read more