by Kimble Charting The 4-month stock market rally to start 2019 brought the Dow Jones Industrial Average within 1 percent of its all-time highs made in 2018. This strong move higher has bulls excited about a new bullish wave higher that will lead to new all-time highs. But that cannot occur until the Dow Industrials decisively break out … Read more
For More Information See and Links See: https://www.infowars.com/new-zealand-… https://www.thedailybeast.com/faceboo… https://www.bbc.com/news/technology-4… https://www.spiked-online.com/2019/05… https://www.infowars.com/watch-live-v… https://techgiants.news/2019-05-08-bi… https://techgiants.news/2019-05-08-tw… http://bit.ly/2VneA5o https://techgiants.news/2019-05-06-fa…
BY JOHN RUBINO It’s a measure of modern financial markets’ absurdity that bets on bets on bets have come to seem normal. Maybe acronyms like CLO and CDO make them sound scientific. Or maybe it’s the sense that if Wall Street’s “rocket scientists” create something it must be highly advanced and therefore beneficial for society. … Read more
Authored by James Howard Kunstler via Kunstler.com, The be-Muellered, bothered, and bewildered American public may find US-China trade talks about as interesting as a rain delay in an Orioles-Chisox game, but the Friday collapse of negotiations may be marked by historians as the day that the global economy died. The Big Box blue-light-special orgy of bargain shopping … Read more
by Theresa Crouse Though there are many different methods of preparing meat for long-term storage, without a doubt, canning it is the easiest way to store large quantities of it in a manner that gives you an almost eternal shelf life. It used to be considered safe to simply can your meat in boiling water baths … Read more
via realmoney: As Friday progressed, Steve Mnuchin’s “constructive” assessment of the talks was yet another attempt to fool the algos one more time to chase the market into the close as futures closed up on the day with hope that a deal would still be reached. Wishful thinking. One can forgive the algos (“machines”) for being … Read more
via gizmodo: In terms of percentage losses, Uber’s dip doesn’t even scratch the surface of the worst IPOs. But the staggering valuation of the company makes it, in raw scale, “among the top 10 IPOs ever” including companies outside the U.S., Ritter told Gizmodo in a phone interview. That single digit decline resulted in an estimated … Read more
by Ron Paul Last week the New York Times published some of President Trump’s 1980s and 1990s tax returns information. The information detailed President Trump’s financial difficulties during that time. While you would not know it from reading some media reports, this is old news. In fact, President Trump openly discussed his financial difficulties on his … Read more
Watch the latest video at foxnews.com China has a partner it relies on in its negotiations with the Trump administration: Democrats in the House and Senate. China watches very carefully what is happening on the political front and in our media. China’s behavior and negotiating tactics are calculated based in part on what is happening … Read more
By Tsvetana Paraskova A bill at the Illinois legislature proposes to raise the annual registration fee for electric vehicles (EV) from US$17.50 to US$1,000 and to more than double the gas tax from 19 cents to 44 cents per gallon, under a plan to fund infrastructure advanced by Democrat State Senator Martin Sandoval. According to … Read more
This time, it refers to the belief being expressed all over the place this morning that nothing is as bad as it sounds because we’ll always have climb downs and central banks. It’s a horribly dangerous way of assuming how the world works in the long-run. https://www.zerohedge.com/news/2019-05-13/trader-reminds-me-how-stocks-traded-late-2007
Fox Business, Released on 5/13/19 Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An Insider’s Take … Read more
https://youtu.be/P2XB04x0hK8 There are three groups that want to continue sanctions on Iran, The Oil companies The IAEA and GE And Political Powers that be in Israel. None of these entities have any thing to do with the will of the people of the United States. h/t EastWay4
by User_Name13 A far-reaching lawsuit filed Friday by the attorneys general of more than 40 states accused some of the nation’s largest generic drug manufacturers of conspiring to inflate prices, in some cases by over 1,000 percent. “We have hard evidence that shows the generic drug industry perpetrated a multi-billion dollar fraud on the American … Read more
by Shaun Richards Before we get to looking at those three charts, I want to talk about trade for a moment. On Friday the Trump administration made good on its threat to raise tariffs on as much as $200 billion worth of Chinese imports to 25 percent from the previous 10 percent. The president also … Read more
The gatekeepers of the American mortgage market are increasingly backing loans to borrowers who have heavy debt loads, highlighting questions about mortgage risk as policy makers debate ways to change the system. Almost 30% of loans that mortgage giants Fannie Mae FNMA -4.56% and Freddie Mac FMCC -4.33% packaged into bonds last year went to home buyers whose total debt payments amounted to … Read more
Bloomberg reports that Morgan’s wealth-management clients are already grousing…..According to BBG, Morgan’s private wealth management clients were offered a chance to invest in the Uber IPO via a fund called New Riders LP, which provided exposure to Uber at $48.77 a share, with holdings set to Class A stock in the IPO. https://www.zerohedge.com/news/2019-05-13/morgan-stanley-clients-saddled-massive-losses-after-disastrous-uber-ipo
By David Stockman 2019 Equity fund redemptions now amount to $116 billion, the worst year since ’08 & ’16:
In your opinion, is a potential failure in China a catalyst for the Global Economic Collapse? The global economy is weak. We’ve seen the numbers weakening since 2018 and beyond. Some have picked up in 2019 but ultimately, most hard data looks very dismal. If the US stock market continues to increase, and the unemployment … Read more
44 States are joining in, This can be HUGE via bizjournals: Mylan is one of 20 pharmaceutical companies named in a lawsuit by Connecticut Attorney General William Tong, alleging that the manufacturers have conspired to manipulate prices, restrain trade and reduce competition. According to a press release published by Tong’s office on Sunday, Tong is leading a … Read more
40 percent of U.S. families, including middle-class households, sometimes struggle to afford housing, utilities, food or health care, according to the Urban Institute. Nearly 1 in 5 families said they had experienced difficulty paying for food or medical care. About 60 percent of low-income people surveyed by the nonpartisan think tank said they couldn’t pay … Read more
For More Information See and Links See: https://www.zerohedge.com/news/2019-05-09/heres-lesson-108000-millionaires-who-left-their-home-countries-last-year? https://www.bloomberg.com/news/articles/2019-04-30/millionaires-flee-their-homelands-as-tensions-rise-taxes-bite https://www.northjersey.com/story/news/new-jersey/2019/01/18/new-jersey-area-lost-5-700-millionaires-2018/2605414002/ https://www.businessinsider.com/silicon-valley-moguls-8-million-doomsday-bunkers-new-zealand-2018-9 https://www.bloomberg.com/features/2018-rich-new-zealand-doomsday-preppers/ https://www.theguardian.com/news/2018/feb/15/why-silicon-valley-billionaires-are-prepping-for-the-apocalypse-in-new-zealand https://www.wisebread.com/heres-how-billionaires-are-preparing-for-the-end-of-the-world
KaratGold Coin was launched last year following a $100 million ICO, by Karatbars International founder Dr. Harald Seiz. Seiz started in 2011with selling small amounts of gold to consumers, in an attempt to make gold more common in daily exchange. More recently, Karatbars has introduced CashGold, currency bills that fit in your wallet just like … Read more
via Zerohedge: One of the more remarkable dislocations in the market in recent weeks, was the abnormally sharp spike in the VIX (implied vol) even as realized vol, and the drop in underlying stocks, remained rather muted. Indeed, as BofA noted in “dude, where’s my melt up“, despite a relatively low VIX for much of … Read more
by howmuch In February 2019, the national debt hit an eye-popping $22 trillion. The projected annual deficit for this year alone is almost $1.1 trillion — that’s more than the GDP of Singapore, Norway, and New Zealand combined. Recently, The Balance published an article noting major milestones in the accumulation of national debt, using data from the ”U.S. Debt to the Penny” report … Read more