TradersChoice.net, Released on 2/6/19 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
Hat tip to RiNS via by Dick Morris When Meng Wanzhou, the chief financial officer of Huawei Technologies, was arrested in Canada on Dec. 1 through an extradition warrant from the United States, American media described in detail how the company had apparently conspired to evade U.S. sanctions on Iran. Huawei has long been involved in … Read more
by Egon von Greyerz The statement above is of course totally accurate for a country running budget and trade deficits for over half a century with a total debt, including unfunded liabilities, in the hundreds of trillions of dollars. It could have been said today, but it actually dates back to August 1971 when the … Read more
by gingerwittasoul I just received “debt consolidation” offers from Crisp Funds and Whistler Funding. I found it odd they were essentially identical, seemed to offer too good to be true rates and had no Reg Z disclosures. In the little bit of research I’ve done I’ve found that the same “company” is doing business under … Read more
by DCG Seattle Mayor Jenny Durkan Unlike private developers, Seattle doesn’t have to worry about making a profit (or even breaking even). There’s always more taxpayer dollars available for the taking! From MyNorthwest.com: Seattle Mayor Jenny Durkan is moving forward with her about $90 million plan to redevelop Discovery Park’s Fort Lawton into more than 200 affordable homes. Fort … Read more
by Charles Hugh-Smith The economy is far more precarious than the surface boom/bubble suggests. A great many households, enterprises and municipalities are in overloaded boats whose gunwales are just a few inches above the water; the slightest wave will swamp and sink them. The cost structure of the economy is completely out of whack with what … Read more
via Bloomberg: Ten years after the financial crisis, central bank interest rates remain near record lows and below zero in many countries, so the question is how well monetary policy would be able to respond to counter any future economic downturn. One option could be electronic money issued in tandem with regular cash, economists at … Read more
via marketwatch: At the end of 2017, 27% of prospective home buyers thought their house hunt would get easier in the months ahead, but by the end of last year, that number had dropped to 19%. Over the same period of time, the share of people saying they planned to buy a home in the … Read more
by confoundedinterest MarketWatch has the tantalizing headline of “The Average Adjustable-rate Mortgage Is Nearly $700,000.” True, the average loan size for ARMs (adjustable-rate mortgages) is substantially higher than for FRMs (fixed-rate mortgages). But here is a catch. Mortgage refinancing applications are virutally dead. Mortgage purchase applications are relatively sedate but rising following the financial crisis with new … Read more
via economicprism: Currency debasement. Asset price inflation. Booms, bubbles, and busts. Yes, folks, central bankers have succeeded at making full hash of the world at large. This goes for the Federal Reserve too. Tracing back recent financial disasters we find the mortgage meltdown coincided with the Fed’s interest rate raising cycle. The Fed had dropped rates … Read more
Santelli Exchange: Lying prices from CNBC. Johns Hopkins University Professor Steve Hanke and CNBC’s Rick Santelli discuss federal spending, debt and productivity. https://www.cnbc.com/video/2019/02/05/santelli-exchange-lying-prices.html?&qsearchterm=Rick%20Santelli
JUST HOW BAD HAS THIS RAMP BEEIN? well prior to 2610 the ramp was healthy which is why we thought the market could achieve 2616 to 2633 & started positioning. BUT SINCE THEN participation has been the worst in the the last decade for the markets & $SPX SELL EVEYRTHING pic.twitter.com/X4tiBJuxwW — mcm-ct.com (@mcm_ct) February … Read more
Savannah Pointer for the Western Journal reports, Actor, Special Olympian and pro-life advocate Frank Stephens believes that abortion should be unthinkable, thanks to his life lived with Down Syndrome. https://www.youtube.com/watch?v=Y4wQUWXmN3M Read More/Source/Credit/FairUse: https://www.westernjournal.com/man-sy…
by Simon Black By July of last year, just three stocks (Amazon, Netflix and Microsoft) were responsible for 71% of the S&P 500’s returns. Through the third quarter, tech stocks were responsible for 95% of the S&P’s gains. Amazon alone was responsible for about one-third of the index’s move. And we long warned about the follies of blindly … Read more
There are so many indicators to look at but some are more useful than others. I try to bring the indicators to you and constantly track their progress to see the trend. The RSI is an interesting one to keep your eye on. What do you think about it? There are many economic indicators, some … Read more
Microsoft plans to expand Xbox Live to other platforms, including Nintendo Switch and mobile. The company says bringing the network to more consoles will “enable game developers to connect players between iOS, Android, and Switch in addition to Xbox and any game in the Microsoft Store on Windows PCs.” The move was teased in the … Read more
You don’t have to be concerned about the Fed’s balance sheet anymore. Former Fed president, BIll Dudley has literally said “Stop worrying about the Fed’s balance sheet”. I feel better now. Time to buy the dip I guess. Well if you prefer, you can look at the statistics and see that it’s ultra important to … Read more
https://www.youtube.com/watch?v=dNeOAutI2e0 For More Information See: http://america2050.org/ https://www.fsa.usda.gov/Internet/FSA… https://obamawhitehouse.archives.gov/… https://www.technocracy.news/unsustai… http://lisahaven.news/2016/12/agenda-… http://www.hsr.ca.gov/ https://www.politico.com/states/new-y… https://www.usmayors.org/2018/12/06/u… https://cities-today.com/us-conferenc… https://www.technocracy.news/category…
https://www.youtube.com/watch?v=NyP1NksE7PE POTUS kicked tail…Dems just exposed their heads & hearts. I was very pleased with SOTU. AC
by Kimble Charting Tech stocks have come charging back from the late December stock market lows. The 5-week rally on the NASDAQ 100 (NASDAQ: QQQ) has the look of a “V” shaped bottom and has been very lucrative for those that have been a part of this trade higher. However, if we zoom out a bit, there’s reason for … Read more
SAN FRANCISCO (CBS SF) — At least five people were missing and unaccounted for folllowing a gas line explosion that started an inferno in a San Francisco neighborhood Wednesday afternoon. There were also an unknown number of rescues in progress, according to the San Francisco Fire Department. The incident happened at the corner of Geary … Read more
A veteran Los Angeles City Hall official is one of the latest victims of an epidemic of the infectious disease typhus that continues to worsen across LA County. For months, LA County public health officials have said typhus is mainly hitting the homeless population. But Deputy City Attorney Liz Greenwood, a veteran prosecutor, tells NBC4 … Read more
This super tiny Tokyo apartment may just be one of the smallest places we have seen so far, yet at 8 m2 (82 ft2) it still provides a perfect space to allow Emma (originally from Australia) to live a big life in Japan.