Month: May 2019

Quarter Americans in credit card debt to pay for necessities… Young homebuyers scramble as prices rise faster than incomes

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DOW longest weekly losing streak since 2011… Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth. The Dow Jones Industrial Average ended the day up 95.22 points at 25,585.69 while the S&P 500 climbed 0.1% to 2,826.06. The Nasdaq Composite rose 0.1% at 7,637.01. The indexes rebounded slightly from sharp losses … Read more

HUGE President Trump declassification order may uncover Spygate crimes; Ohr-Fusion GPS deleted Russia emails?

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by TFittonJW Big Update from Judicial Watch: (Washington, DC) — Judicial Watch announced today it filed a Freedom of Information Act (FOIA) lawsuit against the Department of Justice seeking draft copies of FBI charts containing information on potential “statutory violations” committed by Hillary Clinton in the former secretary of State’s use of a non-secure, non-government email server … Read more

Lousy Durable Goods Data Sink GDP Forecasts for Q2

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Sign the already weak goods-based sector is getting weaker. Boeing, where art thou? Boeing is suffering from a sharp decline in orders, and this translates into a sharp decline in orders for “civilian aircraft” in the durable goods data trove released this morning by the Commerce Department. But it’s not just Boeing. It’s broader … Read more

China just had their first recognized bank failure in over 20 years

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https://www.reuters.com/article/china-banks-regulator-baoshang-bank/update-1-chinese-regulator-to-take-over-baoshang-bank-due-to-credit-risks-idUSL4N2302JN ​ Baoshang Bank, a commercial bank with ~10k employees and over $61B total asset is facing severe credit risk and now being taken over by PBOC. This might the first bank run and bank bailout by PBOC after 1979 (Chinese economic reform) ​ I *believe* that there have been other bank “failures” in China, … Read more

Negative Interest Rates Spread To Mortgage Bonds

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BY JOHN RUBINO There are trillions of dollars of bonds in the world with negative yields – a fact with which future historians will find baffling. Until now those negative yields have been limited to the safest types of bonds issued by governments and major corporations. But this week a new category of negative-yielding paper … Read more

Ranked: The Richest Countries in the World

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by visualcapitalist Since the 2008 financial crisis, global private wealth has been steadily growing. In fact, overall private wealth worldwide reached $204 trillion in 2018, which is a 26% increase over the past decade. This week’s chart, which uses numbers from the Global Wealth Migration Review 2019, examines the top 10 richest countries and the growth of … Read more

Proof the US is provoking Iran into War

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The US and Bolton in particular has been trying to initiate an overthrow of Iran. This goes through MSM complacency, US officials, policies, and think tanks plotting war, false flags, and manufacturing consent to go to war with or create conditions condusive to overthrowing Iran.   AC

Corporations Leverage Fed’s Rate Pause to Lock-in Lower Rates on Junk Debt

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From Birch Gold Group “Too Big to Fail” corporations searching for an opportunity to refinance high-risk debt have been given a gift. But this gift comes with risks. Fed Chairman Powell decided back in January to pause any rate hikes after evaluating multiple risk factors, according to USA Today: In an interview with the CBS news program “60 … Read more

Where Pocahontas Goes Wrong: Cancel The Entire Student Loan Program, Not Just Student Debt

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via mises: Listen to the Audio Mises Wire version of this article. As candidates in the 2020 Democrat primary race try to outbid each other with grandiose promises to voters, the rising level of student loan debt makes for attractive campaign fodder. Making headlines with a plan aimed at addressing the student loan problem is Elizabeth Warren, whose loan forgiveness … Read more

The Deep State’s War On Liberty Strikes Its Courageous Paragon, Julian Assange

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And there it is. WikiLeaks founder Julian Assange has been charged by the Trump administration’s Justice Department with 17 counts of violating the Espionage Act, carrying a maximum sentence of 175 years in prison. Exactly as Assange and his defenders have been warning would happen for nearly a decade. https://www.theautomaticearth.com/2019/05/debt-rattle-may-24-2019/

Debt Slavery: Us Household Debt Reaches All Time High Of $13.6 Trillion

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by Mac Slavo of SHTFplan As the economy frays, companies close retail stores, and other layoff workers, Americans are going further into debt.  In fact, the United States household debt has now reached all-time record highs. According to the Federal Reserve’s Quarterly Report on Household Debt and Credit, household debt increased for the 19th consecutive quarter to $13.67 trillion. This increase … Read more

RECALL: Skip This Beef For Your Memorial Day BBQ

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By Dagny Taggart If you are planning to throw some beef on the grill Memorial Day weekend, there’s a new recall you need to know about. On May 22, the U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) announced that Aurora Packing Company, Inc., is recalling approximately 62,112 pounds of raw beef products that may … Read more

How out of touch can a mayor be? Just ask demorat Seattle Mayor Jenny Durkan!

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by DCG Mayor Jenny Durkan fighting for the “human right” to abort your baby Recent headlines from local Seattle news outlets: “Seattle business owner looks east after having knife pulled on him” “Musician beaten by homeless man in Seattle continues to recover” “Ballard landlord losing tenants due to fear of drugs, crime, encampments” “Washington Gov. … Read more