via sacbee: Nobody is happy about PG&E’s bankruptcy filing, but California’s two biggest public pension systems are positioned to absorb losses on the utility’s stock without major repercussions. That’s because the pension funds’ multi-million dollar investments in PG&E are tiny fractions of the portfolios that CalPERS and CalSTRS control. Pacific Gas & Electric Co. and parent company … Read more
via Reuters: The Federal Reserve’s policy twist on Wednesday might seem just what the White House ordered, with a hold put on what President Donald Trump termed “loco” interest rate hikes, and an openness to ending the monthly runoff of up to $50 billion from the U.S. central bank’s balance sheet. But the story the … Read more
via Reuters: Factory activity was at its weakest in years across much of the world during January, adding to worries trade tariffs, political uncertainty and cooling demand poses an increasing threat to global growth. Weak Purchasing Managers Index (PMI) readings reinforce expectations central banks will put any further interest rate hikes on hold this year and … Read more
by [deleted] I don’t believe the elites will allow the market to crash, at least not meaningfully. Sure, there will be another 20-30% drop coming soon (almost certainly before the end of FY 2019), but not nearly as severe as the one in 2008. The reasons? 1) The wealthy who control the government want to keep … Read more
Joe Rogan Experience #1236 – Jack Dorsey (Check the Rating and Comments on the video.) Mark Dice’s and Sargon of Akkad’s comments both being deleted. “Georgi Georgiev 1 hour ago Mark Dice’s deleted comment” “Kempyx 2 hours ago Sargon of Akkad’s comment with over 1800 likes just vanished!” ***UPDATE #1*** Zyndr 4 hours ago … Read more
by axolotl_peyotl Were Trump’s announcements of an end to the wars in Syria and Afghanistan premature? Did Trump actually think he would be able to challenge the genocidal military industrial complex, or was he deliberately promoting false hope for a more peaceful future for humanity? via antiwar: The non-binding resolution was passed with overwhelming support from … Read more
by Question-Asking_Prof – The theory here is that there are a ton of boomers out there with fat IRAs. – Short-selling is not allowed in an IRA. – But the markets are inevitably going to correct before their retirement. (assumption) – They don’t want to lose all kind of money and potential Harley Davidsons. – … Read more
In Japan, corporate life is so intense there’s actually a word to refer to people dying from overworking: Karoshi, which literally translates to “death by overwork.” In 2013, 31-year-old journalist Miwa Sado logged 159 hours of overtime in one month at the news network NHK, before dying of heart failure in July 2013. And in … Read more
This is becoming a very big but undisclosed problem. Let’s just pretend that real estate is still affordable and there’s no fraud going on and that the massive debt load everyone has isn’t an issue. Sounds good, right?
by BFD Astro should monitor JRE channel to see if he really is deleting comments.
by FeltMtn So basically the French government created this new sudden law that is going to spice things up a bit. So, we ALL know there is only a tiny portion of these protestors breaking public material and deputies decided to focus on that for the new law. “Because of these people”, the police has … Read more
by Nathan McDonald via Sprott Money News You can sense it. You can feel it. The tension in the air is all around us, and it’s not just isolated to one country. Rather, it is a global phenomenon. Geopolitical angst is rising as trade wars rage across the globe, with countries picking sides and either moving radically to … Read more
via silverdoctors: I think Zero Hedge has sold-out. No, I’m not butt-hurt for not being one of their featured authors. For those who don’t realize it by now, ‘Ol Half Dollar can’t stomach most people, and most people can’t stomach the truth. Since most people can’t stomach the truth, well, of course I’m not going to get published. … Read more
This article was originally published at Zero Hedge Forget about the automobile industry turning over a new leaf for the new year: the beginning of 2019 has started just as miserably as 2018 ended for many major auto OEMs in the US. On Friday, January sales numbers for most automakers trickled in, with almost all manufacturers … Read more
Financial writer Bill Holter and renowned gold and financial expert Jim Sinclair say the financial crash is here now. Holter says, “I think President Trump is going to preside over a bankruptcy. He’s gone through bankruptcies with his own companies and understands the process. That’s what this is. It’s the bankruptcy of the corporation of … Read more
Border Patrol seizes enough fentanyl to kill 57 million people U.S. Customs and Border Patrol seized enough fentanyl to kill over 50 million people from a truck that was trying to cross the southern border into the United States, according to an investigation by “Tucker Carlson Tonight.” “Well, the U.S. border patrol has made the … Read more
During a press conference at the White House today everyone’s favorite POTUS, Donald Trump, told the American people that there is a good chance he will declare a national emergency at the border and build the wall. He went on to say that Pelosi is should be ashamed of herself and is doing a disservice … Read more
It’s nice to know that while the Demon-Rat cucks are trying to destroy this great nation’s southern border, the GOP is doing it’s part to close the current loopholes fueling our immigration crisis. https://www.numbersusa.com/news/rep-jody-hice-introduced-bill-end-chain-migration Rep Jody Hice Introduced Bill to End Chain Migration Rep. Jody Hice (R-Ga.) has introduced H.R. 891, a bill that would … Read more
via RT: A screenshot from https://edition.cnn.com/ Closer inspection of the uniforms worn by two self-proclaimed Venezuelan army defectors interviewed on CNN earlier this week has revealed that they are not who they say they are, and probably should not be given guns. “As Venezuelan soldiers, we are making a request to the US to support … Read more
via thefreethoughtproject: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. First Amendment, U.S. Constitution Las Vegas, NV — A rather disturbing … Read more
President Donald Trump will reaffirm his intention to end US involvement in foreign military conflicts when he delivers his State of the Union (SOTU) address next week, a senior administration told reporters. “In terms of protecting America’s national security, the president will update Congress on his diplomatic and military efforts around the world and reaffirm … Read more
by John Adams and Martin North from Adams Economics Australian Economist John Adams from Adamseconomics.com and banking expert Martin North report on how Australia’s record debt bubble is leading in massive social problems among Australia’s middle class. In the past 6 years, Sydney’s south west region of Camden and Oran Park (postcode 2570) has seen a massive spike in domestic violence which … Read more
via visualcapitalist: Growing levels of public sector corruption can stifle a country’s economic growth while also chipping away at political freedom. Which parts of the world are perceived to be most corrupt – and further, how does this data differ between regions, and how has it trended over time? THE CORRUPTION PERCEPTION INDEX (CPI) Today’s chart … Read more
Start at time 15 mins for Baby parts h/t Presqu’ile
by Troy With the stock market rallying to its 61.8% retracement, our medium term market studies are mixed. They are no longer consistently bullish. And while the odds favor a pullback/retest right now, it is not impossible for the market to go higher before making a pullback/retest. Meanwhile, the economic data is mixed. This means … Read more