by Shaun Richards Today brings Italy into focus as we find out how it did in the first three months of this year. The mood music has been okay ( 0.3% GDP growth in France) and really rather good ( 0.7% GDP growth in Spain) but we are of course looking at the country described … Read more
https://www.youtube.com/watch?v=JGcYFK5-M64 The numbers are fudged..has any govt ever…gave a warning before a recession? I rest my case..
by Michael Snyder Someday a giant meteor will slam into the Atlantic Ocean, and the colossal tsunami that is produced will wipe out most of the people that are living along the east coast. In 1998, a big Hollywood movie entitled “Deep Impact” imagined what such an event would look like, and scientists assure us … Read more
by Charles Hugh-Smith Working hard and doing what you’re told is no longer yielding the promised American Dream of security, agency and liberty. Volume One of Fernand Braudel’s oft-recommended (by me) trilogy Civilization & Capitalism, 15th to 18th Century is titled The Structures of Everyday Life. The book describes how life slowly became better and freer as the … Read more
by Natura Naturans Is Oroville dam going to fail AGAIN? This article notes it is leaking in the same places it did in the last failure under the spillway: March 18, 2019 Complete failure at Oroville Dam By Chriss Street The $1.1 billion spent to repair Oroville Dam is failing as water is seeping through the … Read more
Link: https://www.wsj.com/articles/dow-2400-anyone-11556549091 Moore said that if Trump loses the Dow will crash 91%. Obviously, this is bullshit, but markets do not like it when the Fed’s independance is threatened, and it seems like the nominee has a lot of political bias. Do you think this news will affect the market in any way? Not because of … Read more
In this Special Episode of Hidden Forces, Demetri Kofinas speaks with Kevin Smith and Otavio Costa of Crescat Capital, in a continuation of our recent markets coverage, with a particular focus on specific indicators that could validate a bear market hypothesis. It has been difficult not to feel anxiety and trepidation while looking out across … Read more
via @Schuldensuehner: #WeWork filed confidentially w/ the Securities and Exchange Commission in Dec. Shared office provider was last valued at $47bn. https://www.wsj.com/articles/wework-files-for-initial-public-offering-11556566087 …
via @staunovo: IMF’s latest fiscal break even oil prices: -Saudi Arabia USD 85/bbl -U.A.E. USD 65/bbl -Iraq USD 64/bbl -Kuwait USD 49/bbl -Iran USD 126/bbl
What is going on with Tesla in China? Global Times (aka the Chinese Communist Party) reports on “Chinese car hailing company demands compensation from Tesla in Times Square, NYC” According to information released by the company, Shenma Zhuanche is the biggest buyer of Tesla cars in the Asian Pacific region, having purchased 278 vehicles from … Read more