YouTube/PeterSchiff, Released on 3/26/19 “I said that if they ever tried to normalize interest rates, if they ever tried to shrink the balance sheet, they would ultimately abort the process…that they would fail in their mission.” Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his … Read more
Via The Babylon Bee CHICAGO, IL—All charges against Jussie Smollett for faking a hate crime against himself have been dropped after the Empire actor and well-respected employer of Nigerians used the “I have a lot of money” defense in court. Smollett’s legal team argued that while his alleged crimes were bad, on the other hand, he has … Read more
by John Ward I’ve been accused here and there of defeatist cynicism over the last few days. I hope this post can clear up any misconceptions about where I’m going. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ “The beauty of the British Constitution,” said one verbose, donnish Peer this morning, “is that it is so flexible, and thus is able to deal … Read more
Financial writer and professional trader Rick Ackerman says, “I think they have gone crazy. Powell says no rate hikes in 2019, and then, this guy Harker (Philadelphia Fed) says maybe one rate hike in 2019 and one in 2020. They are nuts. I talked about the $1 quadrillion derivatives bubble, and a hike is subjecting … Read more
by Shaun Richards This morning has brought a couple of developments on a road I have both expected and feared for some time. This road to nowhere became a theme as I questioned how central banks would respond to the next slow down? We have two examples of that this morning as we see industrial … Read more
By Jared Dillian You’ve screwed up: You’re drowning in debt. You haven’t saved for retirement. You’ve chopped yourself to bits in the stock market. “Too late now, I’m screwed.” You are not screwed. The only way you are screwed is if you are at retirement age already. Then it is kind of too late. But … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter On Tuesday at the close of the market, the yield curve sagged further in the middle like a limp noodle, with these characteristics: At the short end, the 1-month yield rose to 2.46%, near the top of its recent range, and near the upper end of the Fed’s target range for … Read more
The global economy is ‘clearly’ slowing down: AP Moller-Maersk from CNBC. Soren Skou of A.P. Moller-Maersk says U.S.-China trade issues are the “biggest single risk” that can affect the company’s shipping business. https://www.cnbc.com/video/2019/03/27/the-global-economy-is-clearly-slowing-down-ap-moller-maersk.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail
via nationalmortgagenews: Independent mortgage bankers lost the largest amount for originating a loan in the fourth quarter since this data has been tracked, as costs rose and volume dropped, according to the Mortgage Bankers Association. “Independent mortgage bankers continued to struggle in this very competitive mortgage market environment, with the average pretax net production income per … Read more
I Love My Freedom reports, Rep. Alexandria Ocasio-Cortez attacked Fox News on Thursday night and asked by “grown men [are] obsessed with this, like, 29-year-old.” https://www.youtube.com/watch?v=i3pijwibFjU Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/aoc-goes-o…
Breaking 911 reports, Attorneys for “Empire” actor Jussie Smollett said all the criminal charges against him have been dropped. Smollett — who authorities said filed false reports of a crime — had been indicted on 16 felony counts by a Cook County grand jury. https://www.youtube.com/watch?v=dNWYbxb8uY4 Read More/Source/Credit/FairUse: https://ilovemyfreedom.org/wow-jussie…
recession comes when Fed cuts pic.twitter.com/8AqgEFX2pZ — Alastair (@StockBoardAsset) March 27, 2019 Ok if my earlier tweet on $HYG didn’t WAKE YOU UP… “Almost 117k contracts net short by commercials, i.e ~2b notional short exposure.” $VIX Largest inflow to $UVXY evah? https://t.co/14KOehqNB7 — Samantha LaDuc (@SamanthaLaDuc) March 27, 2019 Chart shows #China PBoC liquidity squeeze … Read more
https://www.youtube.com/watch?v=_LDw18lVFlQ There is no penalty in 2019 for not having insurance! AC
via breitbart: A report in Huffington Post recently revealed the case of Wikipedia editor Ed Sussman, who was paid by media clients such as NBC and Axios to help diminish critical material. Paid editors operating in a similar manner to Sussman have worked on behalf of CNN contributor Hilary Rosen and the CEOs of Reddit and Intel, among other … Read more
by mistercrinkles I saw this on Facebook, Mueller’s ties to Clinton Foundation exposed. What do you think? This is a bit long, but here we go…. He would have to bring down himself and all his people! From 2001 to 2005 there was an ongoing investigation into the Clinton Foundation. A Grand Jury had … Read more
May is having a very difficult time, the Parliament has now seized control of the BREXIT. The EU only has one deal they will consider. US home prices grow at their slowest pace since 2012. The housing market started to implode when the Fed started raising rates, now that the Fed is in a holding … Read more
Avenetti and Mark Geragos caught in a bribing scandal. Jussie Smollett charges were dropped. Jeff Zucker says we are not investigators. JW can depose Ben Rhodes. Lindsey Graham sets everything up to investigate, BC tarmac meeting.Q drops more bread. [DS] is now vulnerable and exposed. Everything is about to go into overdrive.
via cbsnews: Wall Street bonuses fell 17 percent to an average of $153,700 last year. Despite the decline, Wall Street bonuses are 52 percent higher than a decade ago. If the minimum wage had kept pace with the same growth as Wall Street bonuses, the hourly baseline wage would be $33.51 an hour, one analysis finds. … Read more
This Russia nonsense accomplished 3 main goals for Democrats/MSM 1. Distraction from the dnc getting caught rigging it’s own primary. 2. Oppose Trump on something the corporate donors don’t care about. 3. Make $$$$$$$$ off ratings, books, etc. AC
The economic slowdown continues. No, I didn’t say the stock market. That’s a whole different story. Some areas of the economy are good. We still have people going to restaurant. People are shopping for the most part. Cars are moving about on the roads. But of course we can’t deny that we have done all … Read more
via Zerohedge: While some are ignoring the looming economic crunch and instead blame mortgage convexity hedgers for the sharp move lower in yields in the past week which led to the first inversion in the recession signalling 3M-10Y curve since 2007, even as others do their best to talk down the risk of a recession following yield curve inversion, … Read more
MATT TAIBBI: As the Mueller Probe Ends, New Russiagate Myths Begin: Donald Trump couldn’t have asked for a juicier 2020 campaign issue. In other words, it was Mueller, not Barr, who concluded there was no underlying crime, so if the next stage of this madness is haggling over an obstruction charge, that would likely entail calling … Read more
“I think this is probably the most consequential media screwup of the last 25 to 50 years. It is difficult to comprehend or overstate the damage that the media did to the Country, to their own reputation or to the Constitution. An absolute catastrophe” Sean Davis @TuckerCarlson — Donald J. Trump (@realDonaldTrump) March 27, 2019 … Read more