In the USA, the companies like Kelly Blue Book are owned by companies that have a financial interest in inflating the value of used cars. This is an interesting video explaining the situation with used cars in the US, and how used cars are far cheaper in the UK. h/t SKP
by Adam Hamilton of Zeal LLC Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has lagged dramatically with lofty stock markets spewing great euphoria. That’s given gold-futures speculators the run of the market, where they have sold aggressively … Read more
by Daniel Lacalle Liquidity injections and zero interest rate policies disguise risk and may give a false sense of security. This risk could not be more evident today. Not only have we seen large downgrades to consensus growth estimates and central banks’ expectations of GDP and inflation, leading indicators also point to a much weaker economy ahead. … Read more
Go to 6:50. “Aliens….are still counted for congressional apportionment services…..They’re my constituents.” There you have it, folks. If non-citizens were not counted for congressional apportionment, would we have at least 1 fewer congressional representative? Say, maybe in New York? h/t Depluribus Unum
BY JOHN RUBINO So the U.S. puts Republicans (the party of small government) in charge, and gets… trillion dollar deficits as far as the eye can see AND a revival of socialism among Democrats. Scary as this may seem, the real (and even scarier) lesson is that it’s all inevitable: Beyond a certain level of … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter A six-quarter surge, with first signs that some of it has started to unwind. The inventory pileup I have been discussing for a while played a big role in the surprisingly strong 3.2% GDP growth reported on Friday, but it also played a big role in 2018. And it played a big role in 2014 … Read more
https://youtu.be/BQHndTaXXQo This is scandalous. Should be forbidden. Those people’s reason to be is to be our voice. How dare a stupid company decide what our democracy chooses AC
Wall St. For Main St., Released on 4/27/19 Jason talks about the the Tweet this week from Bloomberg fixed income reporter Lisa Abramowicz https://twitter.com/LisaAbramowicz1 and how this proves that the mainstream financial media will repeat (verbatim) whatever narrative the Fed wants them to. Bloomberg Article referenced in video: https://www.bloomberg.com/news/articl… Read Lisa’s Tweet about “U.S. inflation is sliding again, … Read more