by Charles Hugh-Smith All the policies that worked in the Boost Phase no longer work. Natural and human systems tend to go through stages of expansion, stagnation and decline that follow what’s known as the S-Curve. The dynamic isn’t difficult to understand: an unfilled ecological niche is suddenly open due to a new adaptation; a bacteria … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter During the selloff in December, the BOJ shed $31 billion, but in January it piled on. Total assets on the Bank of Japan’s mammoth balance sheet, after a drop of ¥3.4 trillion ($31 billion) in December, rose by ¥4.8 trillion ($44 billion) in January, to ¥557 trillion ($5.1 trillion), the BOJ reported this morning. This shows two … Read more
via CNBC: It comes at a time when political tensions in Venezuela are reaching boiling point, with the oil-rich, but cash-poor, country in the midst of the Western Hemisphere’s worst humanitarian crisis in recent memory. In a statement published Monday, 11 of the 14 members of the Lima Group called for world powers to “take … Read more
https://www.youtube.com/watch?v=0DusTj3ObrM Two of Facebook’s four fact checkers, Snopes and the Associated Press, have abruptly ended their fact-checking relationship with the social media giant. In a Friday press release, Snopes said that it had “elected not to renew our partnership with Facebook,” and while declining to reveal specifics, added that “Forgoing an economic opportunity is not a decision … Read more
Three decades of a lost, zombified economy. That’s what traditional Keynesian economics brought to Japan – will the United States suffer the same result?
Charlotte Russe Files for Bankruptcy SAN FRANCISCO, Feb. 4, 2019 /PRNewswire/ — Charlotte Russe Holdings Corporation together with its subsidiaries (the “Company” or “Charlotte Russe“) today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on February 3, 2019. Charlotte Russeintends to use these … Read more
https://www.nytimes.com/2019/02/03/business/dealbook/stock-market-technology.html For much of the past decade, the fate of the stock market has been tied to the performance of a handful of the largest tech companies: Amazon, Apple, Alphabet, Facebook, Microsoft and Netflix led the market from one record to the next. By the end of August, their sway over the direction of the … Read more
https://twitter.com/OccupyWisdom/status/1092603156398333953 Wall Street analysts now expect S&P 500 companies to report an average 0.8 percent decline in first quarter profits, according to FactSet.At the end of September, analysts expected first quarter profits to increase by 6.7 percent, on average.📉https://t.co/SZYKrmdydR pic.twitter.com/NSTg04Ntwf — M/1_LP (@MI_Investments) February 5, 2019 WSJ: Over the past year, purchasing managers sounded an … Read more
Jack Davis for the Western Journal reports, A wall by any other name would be just as effective, said a Republican senator irked by House Speaker Nancy Pelosi’s semantic games. https://www.youtube.com/watch?v=96jr_7tie1M Read More/Source/Credit/FairUse: https://www.westernjournal.com/gop-se…
James Langford for the Washington Examiner reports, General Electric has agreed to pay $1.5 billion to settle a Justice Department investigation of high-risk mortgages handled by its lending business before the 2008 financial crisis. https://www.youtube.com/watch?v=xbqREqf-ye4 Read More/Source/Credit/FairUse: https://www.washingtonexaminer.com/bu…
C. Douglas Baldwin for the Conservative Tribune reports, As America sat down to watch the New England Patriots and Los Angeles Rams square off in Super Bowl LIII, there was a certain subset for whom the game is of ancillary concern https://www.youtube.com/watch?v=poLs06J3ojg Read More/Source/Credit/FairUse: https://www.westernjournal.com/ct/wat…
by LoseMoneyAllWeek MacroVoices probably my favorite podcast has an amazing interview with grant Williams. This was on social risk; ie political extremeism. From the description: Erik asks Grant if we in a cyclical bear market and where he feels treasury bond yields are headed next. They discuss tensions between China and Taiwan, the rise of … Read more
Kevin Smith, CEO of U.S. hedge fund Crescat Capital, is putting Canadian banks in the same camp as those in China and Australia: worthy of a short. He outlines the key factors and why the global growth slowdown makes this time different.
Since Powell backtracked and the PBOC stepped up liquidity injections, global money supply has roundtripped to March 18 levels. Forget earnings or macro. This is why markets have rallied. pic.twitter.com/ANxj0EcdD1 — Daniel Lacalle (@dlacalle_IA) February 5, 2019 https://twitter.com/BrentCarlileFX/status/1092754783402905605 global euphoria continues in EU & US pic.twitter.com/2AtqW8boiN — Alastair (@StockBoardAsset) February 5, 2019 Dr Copper close … Read more
Buybacks were illegal throughout most of the 20th century because they were considered a form of stock market manipulation. But in 1982, the Securities and Exchange Commission passed rule 10b-18, which created a legal process for buybacks and opened the floodgates for companies to start repurchasing their stock en masse. https://www.vox.com/policy-and-politics/2018/3/22/17144870/stock-buybacks-republican-tax-cuts Beyond the equity issue, there’s serious evidence … Read more
by Nolan_Knight So I have an opportunity to convert from a federal government contractor to a federal government civilian employee. My issue is that I’ll have to take a pay cut in order to do so. Here’s some of the key details: Edit: Current salary is about $105K. The max I can start at … Read more
by QuantalyticsResearch US Stocks US stocks index futures are advancing with front-month Dow Jones minis +0.29%, S&P 500 minis +0.15% and Nasdaq 100 minis +0.21% US President Donald Trump is scheduled to give his State of the Union address to the US Congress this evening Goldman Sachs argues that investors who missed the January 2019 rally, … Read more
by Daniel Carter In the early 1990’s, the famous biologist Richard Dawkins wrote an essay entitled Viruses of the Mind. In this essay, Dawkins describes religion as a mind virus that spreads from human to human for the sake of its own survival. Think whatever you want about Dawkins or his theories on religion. I … Read more
via Bloomberg: On paper, it looks as if San Francisco shouldn’t have a homelessness problem. There are as many permanent housing beds as people who need them. The city spends hundreds of millions of dollars to help get people off the streets, and last year voters approved a measure to raise $300 million annually to tackle the … Read more
by Playaguy The late Michael Crichton, MD, author, film producer, put it this way: “I want to pause here and talk about this notion of consensus, and the rise of what has been called consensus science. I regard consensus science as an extremely pernicious development that ought to be stopped cold in its tracks. Historically, … Read more
by ssilBetulosbA Old school YouTube conspiracy channel with some of the best content, that many of you probably know – Storm Clouds Gathering – returns after a long hiatus to create a great step by step ten-minute long video summary of the situation in Venezuela and how the US is attempting a new coup in Latin … Read more
by RDS QuadrigaCX was the #1 canadian crypto exchange, had over 100,000 active accounts and has lost approx $150-$250M dollars of creditor’s funds (~$70M fiat and $150M crypto). For more information, see here: https://www.coindesk.com/quadriga-creditor-protection-filing CBC coverage: https://www.youtube.com/watch?v=2RO9-DcCP0c&feature=youtu.be (thousands of clients is wrong, too low) Affidavid from his widow Jen Robertson: https://www.scribd.com/document/398721572/Jennifer-Robertson-Affidavit Summary of relief filing: https://np.reddit.com/r/BitcoinCA/comments/amyhkr/summary_of_quadrigacx_creditors_relief_ccaa_filing/ … Read more
From Birch Gold Group This week, Your News to Know rounds up the latest news involving precious metals and the overall economy. Stories include: 2019 could be gold’s year, silver’s versatility could boost prices in 2019, and long gold is Goldman’s favorite commodity play. After a lengthy slumber, 2019 could be gold’s year With only a month into … Read more
Twitter has announced that it took down about 2,000 accounts in Venezuela, most of which it claimed were “engaged in a state-backed influence campaign.” This comes amid accusations of a US-led coup attempt. The San Francisco-based social media giant released a blog post on Thursday saying that it removed 1,196 accounts located in Venezuela which … Read more