Month: March 2019

by catsupmcshupfak   A look at how the Israel lobbyists operate inside the US and UK, more episodes: Episode 2 Episode 3 Episode 4

via moneymaven: Despite a contract that prohibits MGM from using robots to displace workers, the casino seeks to implement those plans. VegasSlotsOnline reports MGM Could Replace Many Employees with Robots MGM, one of the major global casino companies, is considering replacing some workers with robots, which will cause some concern for their employees and those in the … Read more

by confoundedinterest European bond volatility (according to the Merrill Lynch 3-month EUR option volatility estimate) has plunged to the lowest level on record. A similar chart for the US bond market is the Merrill Lynch Option Volatility Estimate for 3-months shows exactly the same thing. The US bond market is grinding to a halt. Note … Read more

Global Economy Weakest Since Financial Crisis (Bloomberg) — The global economy’s sharp loss of speed through 2018 has left the pace of expansion the weakest since the global financial crisis a decade ago, according to Bloomberg Economics. Its new GDP tracker puts world growth at 2.1 percent on a quarter-on-quarter annualized basis, down from about … Read more

Federal Reserve Chairman Jerome Powell said in an interview aired Sunday that he does not think he can be fired by President Donald Trump. While continuing to avoid direct comment on the president’s withering criticism of central bank interest rate policy, Powell told “60 Minutes” that Trump can’t remove him from office. “The law is … Read more

Do you believe that China’s economic data is fake? Also, do all countries do the same thing?   The economic data we receive from every country is most likely fake. Or at least padded and puffed up to make it seem stronger in times when it’s weak. Well according to Brookings, they’ve been handing out … Read more

It Exists: DOJ Finds Letter Ordering Scrutiny of Uranium One, Hillary Clinton https://www.thedailybeast.com/doj-fin…          

I read china halted the use of the 737 Max’s, 2 crashes on new planes seems like an issue. After the devastating Boeing 737 MAX-8 crash in Ethiopia this weekend, China has announced it will suspend the aircraft model in domestic flights until the FAA and Boeing can determine whether the aircraft was the reason … Read more

https://www.youtube.com/watch?v=KD5B7bzXgOA Is she gonna tax a Robot? AC

New York will soon have a departure tax…   Experts: NYC could go Bankrupt for 1st time in 40 years New York City is headed for financial ruin and could go bankrupt for the first time in 40 years, financial experts say. Financial experts predict that there are already signs the city is headed for financial disaster, … Read more

https://www.youtube.com/watch?v=LKk3XfqANcQ Open borders and the welfare state. What could possibly go wrong?     AC

Josh Sigurdson talks with author and economic analyst John Sneisen about the continuing decline of the Canadian housing markets as banks like BMO warn that this type of decline normally leads to a recession and that this recession will be worse than the previous. This is an issue we have been covering for many years … Read more

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter On the surface, consumer debt is a smaller risk factor than it was before the Financial Crisis. But the averages conceal the reality that income & wealth disparities leave in their tracks (11 minutes):    

by Michael Snyder What in the world are they teaching to our young people?  As you go through the list of college course titles below, I am sure that many of you will be completely shocked.  Most parents assume that they are sending their children to college to get prepared for their future careers, but … Read more

by Charles Hugh-Smith The soaring cost of services is driven by a number of factors. What will the future bring: fire (inflation) or ice (deflation)? The short answer: both, but in very different doses. Goods that are tradeable and exposed to technologically driven commodification will decline in price (deflation) while untradeableservices that are difficult to commoditize will increase in … Read more

Democrats, the Party of the Slave States and Jim Crow, became the Party of the Welfare Plantation. Now they are the Party of the Police State.     TC

Kirby warns, “Nobody could come to grips with the criminality that was present in our system. . . . The slow burn is probably not in the cards anymore. We are likely to see very significant change in the very near term going forward. . . . We are starting to see signs of admission … Read more

Surprised? No Bullshit.   h/t BFD

via northmantrader: In last week’s Weekly Market Brief I made the case for a coming $VIX spike: “With a $VIX now at 13.5 and a big open gap at 24+ the $VIX is setting up for a rebellion”. Indeed $VIX rebelled this week with a move from 13.5 to above 18 a move of 33%. The first real volatility … Read more

From The Democrat’s Dilemma: The primary reason that mass immigration destroys the welfare state because immigrants receive more in benefits than they pay in taxes. This is not true for every immigrant—some never collect government handouts—but it is true for the overall immigrant population.  Studies from across the Western world prove this point. A recent, and … Read more