Month: February 2019

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “A development that is surprising during a strong economy and labor market”: New York Fed Serious auto-loan delinquencies – loans that are 90 days or more past due – surged to 4.47% of total auto loan balances in Q4 2018, according to New York Fed data this morning. This put the auto-loan delinquency … Read more

by Michael Snyder Almost everyone that goes out to visit one of our major cities on the west coast has a similar reaction.  Those that must live among the escalating decay are often numb to it, but most of those that are just in town for a visit are absolutely shocked by all of the … Read more

from Financial Survival Network John Rubino returns… Much like the soldier during the Vietnam War who notably quipped – We had to kill the village to save it, Paul Krugman probably believes that we need to kill the economy before it can be saved. He should be thrilled with the Trump Admin’s debt on steroids policy. After … Read more

Wall St. For Main St., Released on 2/11/19 Jason talks about the Fed debating if balance sheet should be a regular tool.

RT America, Released on 2/11/19 President Trump is expected to sign an executive order on Monday launching the American Artificial Intelligence (AI) initiative which outlines “bold, decisive actions to ensure that AI continues to be fueled by American ingenuity, reflects American values and is applied for the benefit of the American people.” But is this … Read more

by TrailDust The candidates are sufficiently creepy to hold our attention… But there are other factors we need to deal with beyond the wild-eyed socialists and demagogs of the DNC. These factors are the voting blocks the Demonrats rely on. The constituencies the Demonrats need most are as follows: These voting blocks are admittedly overlapping. They represent specific angles … Read more

via visualcapitalist: In 2018, the re-emergence of volatility took many market participants by surprise. After all, aside from a few smaller, intermittent spikes over the course of the current bull market, volatility has largely been in a long-term downtrend since the aftermath of the 2008 Financial Crisis. Whether there is more volatility lurking ahead this year … Read more

Authored by John Mauldin via MauldinEconomics.com, “Plans are worthless, but planning is everything.” —US President Dwight D. Eisenhower There are many versions of that Eisenhower quote he learned in the Army. Nixon, who probably heard it from Eisenhower directly, modified it to “… plans are useless, but planning is indispensable.” Both are variations on the theme, “No … Read more

by DCG From SF Gate: Gov. Gavin Newsom will withdraw most of the California National Guard troops who were deployed to the U.S.-Mexico border last year, saying the state needs them to prepare for wildfires and fight drug trafficking rather than bolster President Trump’s response to a “manufactured” immigration crisis. Newsom said he will rescind authorization Monday … Read more

by Dave Kranzler of Investment Research Dynamics I get a kick out of these billionaires and centimillionaires, like Kyle Bass yesterday, who appear on financial television to look the viewer in the eye and tell them that economy is booming. Kyle Bass doesn’t expect a mild recession until mid-2020. Hmmm – explain that rationale to the 78%+ households who are living … Read more

from Zero Hedge When Congress passed the Tax Cuts and Jobs Act (TCJA), a/k/a Trump’s tax code overhaul in early 2017, the big expectation for tax season 2018 – the first tax-filing season under the new tax law – was that virtually all Americans would end up receiving a bigger refund. And yet, as numerous analysts … Read more

by sundance ABC conducted an extremely interesting interview with former Trump Attorney John Dowd that the media outlet will likely keep far away from their mainstream broadcast and print reporting. The interview is exceptionally interesting because Dowd outlines how incredibly false all prior reporting has been surrounding the Mueller investigation and the background of the contacts and discussions … Read more

Join Mike Maloney as he explores the question of whether or not the United States has already entered recession territory.      

by Jim Quinn Courtesy of: Visual Capitalist There’s a persistent belief across America that crime is on the rise. Since the late 1980s, Gallup has been polling people on their perception of crime in the United States, and consistently, the majority of respondents indicate that they see crime as becoming more prevalent. As well, a recent poll showed … Read more

Via Marketwatch A study puts wealth inequality in a historical perspective It’s not fashionable to wear flapper dresses and do the Charleston, but 1920s-style wealth inequality is definitely back in style. New research says America’s ultra-rich haven’t held as much of the country’s wealth since the Jazz Age, those freewheeling times before the country’s finances … Read more

Elixir shows off a simple camera app he built in 2 hours. The app allows him to live stream your recordings without your knowledge. h/t erie21594