by howmuch Since the United Kingdom (UK) voted in June 2016 to leave the European Union (EU), international markets have experienced uncertainty about how trade with the UK would change. In April 2019, the United Nations Conference on Trade and Development released a report titled Brexit. Implications for Developing Countries, which analyzes the consequences that the … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter No super-wealthy individual or household is going to pay billions in additional taxes when $10 to $20 million will purchase political adjustments. The 2020 election cycle has begun, and a popular campaign promise is “free everything” paid for by new taxes on the super-wealthy. Who doesn’t like free stuff? Who will vote for … Read more
It seems like just yesterday that investors were wondering how to get a slice of the cannabis pie that was baking in the oven. But actually, we’ve way passed the baking stage now. The cannabis pie is well and truly out of the oven, and it’s no longer a tentative industry just waiting to explode. … Read more
Authored by Nick Giambruno, chief analyst, The Casey Report, There wasn’t a group of people more wrong about the 2008 financial crisis than those at the Federal Reserve. Mere months before the disaster hit in earnest, the nation’s highest economic and financial officials were vocal that there was nothing to worry about. Most memorable of these are perhaps … Read more
via corelogic: Home flipping activity[i] – which is the act of buying a property with the intent to sell in a short period of time for a profit – has increased steadily over the last eight years. By the fourth quarter of 2018, the flipping rate in the U.S. reached 10.6 percent of all home sales. While … Read more
by David Haggith You may be worried my prediction that a recession will start sometime this summer is not looking too good. So was I after first-quarter corporate earnings started coming in better than what economists expected. Except that barely “beating expectations” is kind of pathetic when expectations are dumbed down as far as they were. (Note that … Read more
By Nick Cunningham After some strong quarters for Big Oil, the first three months of 2019 proved to be a disappointment. Weighed down by lower oil prices, narrower refining margins and weak LNG prices, profits at the largest integrated oil companies shrank in the first quarter. “We’re not looking for a great first quarter for … Read more
Biden continually pushes how there is no scandal during Obama’s Presidency, this is about to change. GP says that Trump contacted the Italian PM once Mifsud was located. Florida pushes new bill to make sanctuary cities illegal. [DS] tried to push another event. Q drops more bread, Comey tweets another message.
Something doesn’t add up. And at the core of this charade is the fact that the U.S. economy is hooked on artificially low interest rates. You see, the damage from the previous rate hikes and balance sheet reduction is already done. For one, the cost to service debt has gone up across the board. And … Read more