by Orangutan More tax money going to elected officials. Alabama this time. What could this society’s potential be with a lot less of this corruption, theft and greed. via theweek: Sheriff Todd Entrekin of Etowah County, Alabama, lost his re-election bid this year after he was found to have personally pocketed $750,000 allotted for feeding inmates in county … Read more
BY SRSROCCO If history is our guide, we are on track for a severe market meltdown in 2019. While the U.S. broader indexes remained in record territory for most of 2018, December turned out to be a complete disaster for stocks. So, even though the markets have reversed higher from their Christmas Eve lows, this … Read more
via Money Metals: It’s amazing what passes as a market these days. Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of … Read more
Plastic waste inputs from land intothe ocean – Science Magazine This isn’t shocking. Look up the carbon output of China alone. Leftists want to save the world but don’t even know who they’re fighting against. Sad! h/t afriendlyalt
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter So, how hot is the Chinese Renminbi? And is the euro dead yet? The US dollar’s role as global reserve currency is defined by the amounts of US dollar-denominated assets – US Treasury securities, corporate bonds, etc. – that central banks other than the Fed are holding in their foreign exchange … Read more
by Charles Hugh-Smith The story of the 21st century is debt is soaring while earned income is stagnating for the bottom 95%. Best wishes to all my readers and correspondents for a safe, healthy and productive 2019. Thank you, longstanding supporters, for renewing your financial support at the new year without any pathetic begging on my … Read more
The stock market has been on a wild ride since October as the nearly two-year streak of new records has come to screeching halt. In its place, we have been treated to a healthy (or is it unhealthy?) dose of volatility. For some, this has meant that their 401k accounts have given back many … Read more
by Michael Snyder Now that the year is finally over, we can officially say that 2018 was the worst year for stocks in an entire decade. Not since the last financial crisis have we had a year like this, and many believe that 2019 will be even worse. And of course the truth is that stocks … Read more
by Lance Roberts The biggest problem for investors is always the bull market itself. When the “bull is running” we believe we are smarter and better than we actually are. We take on substantially more risk than we realize as we continue to chase market returns and allow “greed” to displace our rational logic. Just as with gambling, success breeds overconfidence … Read more
Stocks Post Worst Year In Decade… Wall Street concluded a tumultuous 2018 on Monday as the major stock indexes posted their worst yearly performances since the financial crisis. After solid gains on Monday, the S&P 500 and Dow Jones Industrial Average were down 6.2 percent and 5.6 percent, respectively, for 2018. Both indexes logged in their biggest annual losses … Read more