Month: February 2019

Bloomberg: U.S. Student Debt in ‘Serious Delinquency’ Tops $166 Billion

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https://www.bloomberg.com/news/articles/2019-02-16/u-s-student-debt-in-serious-delinquency-tops-166-billion?srnd=premium Student-loan delinquencies surged last year, hitting consecutive records of $166.3 billion in the third quarter and $166.4 billion in the fourth. The total in arrears is about twice the amount the U.S. Treasury provided to bail out the auto industry during the last recession. Loans at least 90 days past due are considered to … Read more

Here’s why Apple is cutting iPhone prices in China

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Why is Apple so expensive? from CNBC. via CNBC: Retailers across China are slashing prices of the iPhone. Sales of Apple’s flagship product are down nearly 20 percent in China, according to research firm IDC. Comparable phones in China retail for far less than the price of an iPhone Retailers across China are slashing prices of the iPhone. … Read more

For whatever reason, if stocks revert back to reality, a big tumble could be ahead.

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CitiFX Global Economic Suprise Index collapses – $SPX ignores b/c trade talk hype and CBs communicating QE again. For whatever reason, if stocks revert back to reality, a big tumble could be ahead. pic.twitter.com/CDoX3CG6ey — Alastair (@StockBoardAsset) February 18, 2019 $lumber says no $SPX say yes – WTH? which one is wrong? (hint: $SPX) pic.twitter.com/pUWuwJh0Hk … Read more

The Chinese economy has become a Ponzi. It cannot sustain itself without a continued harrowing rise in debt.

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via gnseconomics: The global slowdown has been much discussed lately. A slowdown in Europe and China was considered to be the main reason for the December stock market rout combined with the balance sheet normalization (QT) program of the Federal Reserve. What is behind the slowdown? No satisfactory answer has emerged, though China’s efforts to curb … Read more

Where are we…

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via @OccupyWisdom : #StockMarket 1/ wages don’t come close 2/ recessions often wipe out years of any wage “gains” while inflation only becomes exaggerated 3/ true inflation is far higher than 2% and no professions aim, or even try to keep up  

Bond Investors Worried About A Recession; Trend Growth Has Been Slowing Everywhere since GFC…. Credit Suisse Strategists – We Are Close To The End Of The Tactical Rally

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We Are Close To The End Of The Tactical Rally – Credit Suisse strategists via reuters pic.twitter.com/AJ1UwZceS3 — *Walter Bloomberg (@DeItaone) February 18, 2019 China’s slow down in a picture UGLY! pic.twitter.com/rRUDdk5UhK — mcm-ct.com (@mcm_ct) February 18, 2019 Sales of vehicles in China in January -15.8% y/y (prior -13%) https://t.co/zQyoPEfdgl — investingLive (@investingLive_) February 18, … Read more

Avenatti to give up financial control of law firm after he’s accused of hiding millions

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Michael Avenatti agreed Wednesday to relinquish financial control of his longtime law firm hours after a former partner filed papers accusing him of hiding millions of dollars from the court that oversaw its bankruptcy. The celebrity lawyer and his firm, Eagan Avenatti, consented to the appointment of a receiver to take possession of its bank … Read more

GORDON CHANG: It’s Time to Stop Talking to Beijing and Start Disengaging from China’s Economy.

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via thedailybeast: Xi Jinping, the Chinese ruler, is in no position to negotiate in good faith with the U.S., in large part due to Communist Party politics. Trump, therefore, has to either abandon his ambitious trade goals or push Beijing to the edge of the cliff. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin … Read more

FITTON: BIG Speaking of Anthony Weiner, as FBI and DOJ were colluding with yet another Clinton lawyer on Weiner laptop Clinton emails, this same gang was abusing power to spy on Trump. Judicial Watch just found the docs!

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by TFittonJW   In our latest Judicial Watch Update: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-fbi-general-counsel-talked-to-hillary-clintons-lawyer-about-comeys-letter-on-weiner-laptop-clinton-emails/ (Washington, DC) – Judicial Watch announced today it received 215 pages of records from the U.S. Department of Justice revealing former FBI General Counsel James Baker discussed the investigation of Clinton-related emails on Anthony Weiner’s laptop with Clinton’s lawyer, David Kendall. Baker then forwarded the conversation to his … Read more

$21 Trillion Missing from US Federal Budget

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https://www.projectcensored.org/21-trillion-missing-us-federal-budget/ “Despite disabled links and neglect from officials, the verification of over $6T inspired Skidmore and his students to comb through thousands of Office of Inspector General (OIG) reports for 1998-2015. Regarding his findings Skidmore stated, “This is incomplete, but we have found $21 trillion in adjustments over that period. The biggest chunk is for … Read more

‘NEVER TRUMP’ Leader Makes MIRACULOUS Turn Around And Now Is A Trump, Pence SUPPORTER

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I Love My Freedom reports, Erick Erickson, a former “Never Trumper,” has announced that he will support President Donald Trump in the 2020 election. Erickson is the editor of the Resurgent and a Fox News contributor who voted third party in the 2016 presidential election. https://www.youtube.com/watch?v=CK9d7122neA Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/wow-one-of…