by Dave ack in 2000, Amazon experimented with an embryonic “dynamic pricing” project that charged people different amounts for a DVD, based on who knows what – zipcode, shopping habits, etc. Consumers spotted this, got annoyed, and so Amazon backed down and allegedly issued refunds to all their customers who were overcharged. There are lots … Read more
via CNBC: A big change in lease accounting rules effective Jan. 1 requires companies to record operating leases on their balance sheets. Operating leases include everything a company rents to run its business, from office space, equipment, factories to planes and cars. The accounting change will result in an increase in company leverage, a key … Read more
What ZIRP is doing to the world #unintendedconsequences cc: @neelkashkari @marydalyecon @EricRosengren @RobSKaplan @RaphaelBostic @DiMartinoBooth 👉https://t.co/wtmXQUGI8x pic.twitter.com/jn18owB3sx — M/1_LP (@MI_Investments) February 19, 2019 #ZIRP👉https://t.co/T2J6VqHNhP pic.twitter.com/HfyWiINLAK — M/1_LP (@MI_Investments) February 19, 2019 pic.twitter.com/8EycYljoqD — M/1_LP (@MI_Investments) February 19, 2019
by Dave I’ve been going over and over in my head what “missing money” means. Let’s review. Dr. Mark Skidmore did an analysis of the DoD and HUD budgets from 1998-2015. He and his students found that there were $21 trillion dollars in undocumentable adjustments, for a budget that started out at $271 billion … Read more
via businessinsider: 85% of all leveraged loans — one of the most-risky types of corporate debt — are now “covenant-lite.” That means they lack traditional requirements for companies to maintain certain financial benchmarks that protect the investors who pay for them. Leveraged loan quality is thus at a record low. Bank of England Governor Mark Carney … Read more
https://twitter.com/M_PaulMcNamara/status/1097845860325646337 Yep – here's one caught my eye this morning as I was going through the usual updates… spurious, or about to get furious? pic.twitter.com/QbCZyHwByW — Callum Thomas (@Callum_Thomas) February 18, 2019 China satellite manufacturing index YoY change now as low as it was prior the 2015 mini-devaluation. The Chinese economy finally hit the Great … Read more
Industrial production is now negative in Japan, EU, US and Mexico — The Long View (@HayekAndKeynes) February 18, 2019 https://twitter.com/GlobalProTrader/status/1097873854427553792 A quick read on economic deceleration–> pic.twitter.com/mzxHfsv5Je — Alastair (@StockBoardAsset) February 19, 2019 Case freight YoY pic.twitter.com/jSGiYSte7o — Teddy Vallee (@TeddyVallee) February 18, 2019 “Surveys show increased credit card debt and lower savings in 2019” … Read more
https://www.youtube.com/watch?v=M14NlOvpE0w El Chappo just recently at a sentence hearing started naming some names of very prominent politicians that were on the take and that he had personally paid them off millions of dollars in bribes. He named Mafia Princess Poligrip Pelosi, Shiff, and others. All of these Deep State criminal Politicians are in the Cartels … Read more
Legal experts are calling out fired FBI deputy director Andrew McCabe and Deputy attorney general Rod Rosenstein over 25th Amendment talks against the president. One America’s Jack Posobiec sat down with OAN legal analyst Bruce Fein for more
via scmp: As part of China’s reform and opening up initiative, the state had generally retreated from the market and economy in the period from 1978 to 2008, But since then, the state has made a comeback and altered the direction of China’s economic underpinnings. China’s political and economic elites observed the global financial crisis … Read more
Now they all have egg on their faces. https://www.youtube.com/watch?v=RF5FfbFuvNA
By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. In some places, in particular prime markets in London and the south-east, house prices have been tumbling. According to London-based estate agency LonRes, average “achieved” prices: In Prime Central London: -6% in Q4 2018; and -14% from their 2014 peak. In slightly cheaper Prime London districts: … Read more
Debt continues to get worse as time goes on, there’s no denying that. What we have seen recently is that mortgages are not in the same situation they were during the subprime crisis but nearly every other form of debt has become much worse of a problem. Either the total quantity has been rising dramatically … Read more
– John Roberts, For White House Correspondent 15:22 to 15:28 / 4:18pm h/t WGON
The 77 year old communist just announced: Bernie Sanders, who lost the Democratic presidential nomination to Hillary Clinton in 2016, says he will run again in 2020. The 77-year-old Vermont senator enjoys great popularity among millennials for his progressive ideas. Sanders first confirmed his plans in an interview aired on Vermont Public Radio on Monday. “I … Read more
Justin Wise for The Hill reports, President Trump on Monday accused former FBI Deputy Director Andrew McCabe of saying so many lies in a recent interview on 60 Minutes. https://www.youtube.com/watch?v=P-xfSQnPbXs Read More/Source/Credit/FairUse: https://thehill.com/homenews/administ…
By Tsvetana Paraskova Engineers from Scotland and Italy have developed a new wave energy technology that could generate low-cost electricity for thousands of homes. Engineers from the University of Edinburgh and from several universities in Italy have designed, developed, and tested a device that costs less than conventional designs and that can be incorporated into existing ocean … Read more
I love My Freedom reports, It’s all over, folks. Jussie Smollett has lawyered up. After news spread that Chicago police were treating his report of a hate crime as a hoax, he has retained the council of notorious high-profile defense attorney Michael Monico. Are there still any doubters that the Jussie Smollett “hate crime” was … Read more
The federal budget deficit in December totaled $13.5 billion, helping to push the deficit for the first three months of this budget year up 41.8 percent from the same period the previous year. The Treasury Department said Wednesday that the budget deficit from October through December totals $318.9 billion, up from a deficit of $225 … Read more
They could have saved themselves if they did actual journalism, but they insisted on constant partisan libel and slander. AC
Good article: http://archive.is/ZWHcF The illegal effort to destroy the 2016 Trump campaign by Hillary Clinton campaign’s use of funds to create, disseminate among court media, and then salt among high Obama administration officials, a fabricated, opposition smear dossier failed. So has the second special prosecutor phase of the coup to abort the Trump presidency failed. There … Read more
American taxpayers are continuing to fund border security measures and border walls in Pakistan, Afghanistan, Egypt, and Lebanon with President Trump’s signing of a Department of Homeland Security (DHS) spending bill. While the United States-Mexico border received only $1.3 billion for construction of a border wall at the overwhelmed southern border with soaring illegal immigration, … Read more
via Twitter: Plus: h/t GR
The President of the United States of America Has Confirmed a Coup Attempt Against the Presidency “This was an illegal coup attempt on the President of the United States.” Dan Bongino on @foxandfriends True! — Donald J. Trump (@realDonaldTrump) February 18, 2019 TRUMP is PROCLAIMING TREASON! UPDATE #1 Trump Accuses Rod Rosenstein Of ‘Coup Attempt’ … Read more
By Nick Cunningham Crude oil sentiment is shifting in a bullish direction, with OPEC+ cuts and a growing list of serious outages taking supply off of the market. Saudi Arabia recently signaled that it would slash its production to just 9.8 million barrels per day (mb/d), or about 0.5 mb/d more than required under the … Read more