via yuantalks: The strong rally in China’s equity market has attracted retail investors to buy stocks. So far this year, the benchmark Shanghai Composite Index has surged more than 30 per cent. In March, 2.99 million new investors opened accounts to make stock investment, surging 109 per cent from the previous month. While retail investors are … Read more
why is jpm hedging against a downturn in the "greatest economy ever"? pic.twitter.com/7t4pztmYHB — Alastair (@StockBoardAsset) April 4, 2019 Job Layoffs Surge 35% to Highest Level to Start a Year in a Decade The worst first quarter since 2009, according to Challenger, Gray & Christmas. Job layoffs hit 190,410 in the first quarter, a 35.6 … Read more
via mises: For much of the past several months it has been almost impossible to open the pages of any business section, or skim through any article on current economic events, without encountering the same ominous phrase: global economic slowdown. The quickness with which this new buzzword has crept its way into the centre of the … Read more
via mises: The timing of Jerome Powell’s appearance on “60 Minutes,” along with Janet Yellen and Ben Bernanke, is curious. Scott Pelley asked no penetrating questions, so nothing was learned. Fed Chairs aren’t known to hit the interview circuit. Bernanke appeared during the crisis to reassure the nation that the central bank can and will fix … Read more
by confoundedinterest17 Fed Chair Jerome Powell is singing “Take it easy.’ The Federal Reserve risks stoking the same sort of asset bubbles that Chairman Jerome Powell has linked to the last two recessions with its new-found eagerness to fan inflation. The Fed’s surprise pivot away from any interest rate increases this year has boosted prices of stocks, … Read more
via gold.org: Holdings in global gold-backed ETFs and similar products rose slightly in March by 3 tonnes(t) to 2,483t, equivalent to US$183mn in inflows. Global assets under management (AUM) fell by 1.6% in US dollars to US$103bn over the month, driven by the 2% decline in the price of gold during the same period. Global gold-backed … Read more
by hyousef333 Beer Business Delivers Double-Digit Net Sales and Operating Income Growth for FY19 Company Generates Record Operating Cash Flow Signs Agreement to Sell Portion of Wine & Spirits Business to E. & J. Gallo Winery Achieves fiscal 2019 reported basis EPS of $17.57 and comparable basis EPS of $9.28, an increase of 53% … Read more
WASHINGTON (Reuters) – U.S. President Donald Trump may feel he is “stuck” with Federal Reserve Chairman Jerome Powell, whom he has blasted for engineering four interest rate hikes since Trump appointed him, but none of Trump’s other Fed appointees has stood in the way of the tightening campaign and at least one has said even … Read more
via business-review.eu: Romanian senators adopted a draft law introduced by PSD leader Liviu Dragnea and senator Serban Nicolae to force Romania’s National Bank (BNR) to bring almost all of Romania’s gold back from reserves being held at the Bank of England in London, according to profit.ro. The supporters of this project say that the BNR should no … Read more
via MarketWatch: U.S. corporate earnings in Europe hit a record $284 billion in 2018 As investors have kept a laser focus on U.S.-China trade negotiations and hope that a resolution can give the global economy a much-needed shot in the arm, at least one strategist says markets may be overlooking a bigger risk: European economic … Read more
https://www.youtube.com/watch?v=NV7xPQePP2E GOP senators alert Barr to allegations that Mueller team misrepresented emails https://www.foxnews.com/politics/gop-… Shortly before Special Counsel Robert Mueller filed his report on the Russia investigationlast month, Sens. Chuck Grassley, R-Iowa, and Lindsey Graham, R-S.C., alerted Attorney General Bill Barr to what they described as the “selective” use of emails in Mueller court filings — as … Read more
There’s no shortage of risk taking, that’s for sure. Wall Street is putting its pedal to the metal. This is a huge mistake obviously but you don’t get rewarded by being risk adverse. You get rewarded by extending everything to the absolute maximum and when you fail, the government will bail you out. Not for … Read more
Trump is using the magic wand, the initial jobless claims are the lowest in 50 years. Trump wants to cut the UN budget but congress will not let him. The Fed has not managed the economy, look at their history over the many years, boom and crashes. Trump is looking to nominate a new Fed … Read more
By Nick Cunningham Natural gas prices fell into record negative territory in the Permian basin, dragged down by booming oil production and a limited ability to move gas out of the region. Unlike in other places, such as the Marcellus and Utica shales, natural gas in West Texas is produced as a byproduct. This “associated … Read more
WE KNOW WHAT IS IN THAT FISA DOCUMENT. MASSIVE POPULATION REDUCTION OF THE USA IS PART OF IT. h/t Jake
Sorry CNN, AMERICA is not falling for it anymore You lost all credibility! Fox News’ Tucker Carlson absolutely dominated CNN last week, beating their entire prime time line up combined in total viewers by over 1,000,000 viewers — and CNN is not handling the news well. CNN’s entire prime time line up garnered 2,474,000 total … Read more
by Martin Armstrong Perhaps there is some new plague that only affect politicians on a global scale. It seem no matter what country we look at, it is simply going completely insane. Americans rarely understand Parliamentary politics in London for it is not unusual for Trump to meet with Chuck and Nancy in the White … Read more
Jussie Smollett is about to get sued by the City of Chicago and, in the process, he could effectively go on trial for allegedly faking the “attack.” As we reported, the City of Chicago fired off a letter to Jussie’s people, demanding $130,000 for the cost of investigating the case. Jussie’s people told the City … Read more
by Fabius Maximus The Left has assembled a cohesive bloc of voters: people of color, immigrants, gays, hard-core leftists, radical feminists, single mothers, and fragments of their long-ago core (e.g., union workers and their families). These people have passion about their politics, giving them power greater than the other elements of the Democratic Party’s coalition of … Read more
via Reuters: The largest Democratic field in the modern political era is lining up to seek the party’s 2020 presidential nomination – and is expected to keep growing. The diverse group vying to challenge President Donald Trump, the likely Republican nominee, includes six U.S. senators. A record six women are running, as well as black, Hispanic … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Then there’s the sinkhole of $1.5 trillion in MBS and $617 billion in Treasuries that mature in over 10 years. In March, the Fed shed $34 billion in assets, according to the Fed’s balance sheet for the week ended April 3, released this afternoon. This reduced the assets on its balance sheet … Read more
by Charles Hugh-Smith Zombification / Japanification is not success; it is only the last desperate defense of a failing, brittle status quo by doing more of what’s failed. A recent theme in the financial media is the Japanification of Europe.Japanification refers to a set of economic and financial conditions that have come to characterize Japan’s economy over … Read more
by Michael Snyder Over the last 30 years, there has been a mass exodus out of organized religion in the United States. Each year the needle has only moved a little bit, but over the long-term what we have witnessed has been nothing short of a seismic shift. Never before in American history have we … Read more
by Michael Snyder As soon as Jordan Peele’s smash hit “Us” was released in theaters, hundreds of thousands of people started searching Google for Jeremiah 11:11. We are never told what it actually says, but it appears repeatedly throughout the film. As you will see below, there is a lot of speculation that it was … Read more