by Ryan McMaken of Mises Wire Sen. Bernie Sanders and Rep. Alexandria Ocasio-Cortez unveiled sweeping new legislation on Thursday that would impose a federal cap of 15% on credit-card interest rates. The bill would also allow state governments to set interest-rate ceilings even lower than the federal mandate. Naturally, Sanders and Ocasio-Cortez are framing the bill as something designed … Read more
by Lance Roberts Market Review & Update As we discussed last Saturday it was important for the markets to hold within to consolidation band, or break out to the upside, if the bulls were going to maintain control of prices in the short-term. The return of “Tariff Man” put the markets back on edge. As I noted then: “The … Read more
by TrailDust Why argue a point when eye witnesses can speak with more authority?
by John Ward The United Kingdom is suffering from severe disunity because the usual 3% of suspects promote greedy domestic policies completely influenced by their equally cowardly foreign relationships. The best way out of this self-feeding cannibalism is to dump alliances, and trade (like Switzerland) on high-margin craftsmanship alongside sophisticated financial services. ¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤¤ As the Buddhists … Read more
Betsy and Thomas discuss three hot topics: Did Mueller hire Fusion GPS to write part of the Ca-Ca Dossier? Trump calls out John Kerry for Logan Act violations. Bill Barr is raising the bar his position as attorney general. The propaganda article by Paul Sperry can be found here: https://www.realclearinvestigations.c…
Money Quote Snippets: /way less than 50 percent, for information only…. charges of funneling millions of dollars in foreign money to then President Obama’s 2012 re-election ensnared both Republican and Democratic fundraisers. around $2 million to support Mr. Obama’s campaign. $100,000 donation in December 2017 to the Trump Victory committee former Goldman Sachs managing director was extradited https://www.wsj.com/articles/former-rap-artist-indicted-for-obama-2012-campaign-donations-11557522077 ************************************* Billions involved and this … Read more
Talk Digital Network, Released on 5/9/19 Portfolio Manager, attorney, finance author, a regular guest on North American media. Danielle Park is the author of the best selling myth-busting book “Juggling Dynamite: An insider’s wisdom on money management, markets and wealth that lasts,” as well as a popular daily financial blog: http://www.jugglingdynamite.com. Danielle worked as an attorney … Read more
https://www.youtube.com/watch?v=AjvbqGuS0tU They should be summarily removed from office because their argument are nonsense as they are. AC
via twitchy: There’s a lede that the media will probably not go with, and that’s “Democrats who bought $75,000 cars with help of big taxpayer subsidies are complaining about a proposed tax increase that would affect them.” Insert Occupy Wall Street-era Libertarian Party ad here: h/t ED
by Chris Kimble Crude oil prices tend to offer a good general barometer for the global economy. More specifically, it is the trend of crude oil that matters. When demand is high and the economy is strong, crude oil prices tend to move higher… and the trend tends to be “up”. And this tends to be a … Read more
Why is it after gazillions of studies scientists can’t agree on even the basics? So much for “settled” science: ‘No evidence’ having high levels of bad cholesterol causes heart disease, claim 17 physicians as they call on doctors to ‘abandon’ statins Researchers have warned statins offer no protection to millions of people The findings add … Read more
In your opinion, will Uber (and/or Lyft) be profitable in the next few years? The stock market is always a wild one. Supported by a figment of one’s imagination. Nothing more. Historically, when a company IPO’s, they aim to be spectacular. To attract attention. To see that the market loves them and get off … Read more
Authored by Craig Murray, Robert Mueller is either a fool, or deeply corrupt. I do not think he is a fool. I did not comment instantly on the Mueller Report as I was so shocked by it, I have been waiting to see if any other facts come to light in justification. Nothing has. I limit myself … Read more
By Gary Shilling PhD, FS Stocks are very expensive in relation to corporate earnings. Even if rapid economic and profits growth resumes after the next recession, a secular decline in price-to-earnings ratios is likely to mute stock performance. Prof. Robert Shiller’s cyclically-adjusted stock price-to-earnings ratio, based on real earnings over the preceding 10 years to … Read more
by FS Should a college graduate be focused on retirement? Most graduates are probably not thinking about long-term financial goals but a financial plan could be the best and most consequential graduation gift for your loved one.
by FS May 10, 2019 – The success of Amazon and e-commerce helped to bring them down. Now, Amazon is taking advantage of the empty malls around the U.S. by turning them into strategically-located distribution centers at the heart of many suburban neighborhoods. “You’ve got a lot of vacant land sitting there that’s not generating … Read more
via thecollegefix: Nearly 40 percent of graduating college seniors feel unprepared for their future careers, according to a recent survey. What’s more, the survey found that students going into college as freshmen felt more prepared for a career than graduating seniors leaving with a degree. The LendEDU-College Pulse survey found that 36 percent of seniors don’t feel prepared … Read more
“known to be suspiciously inaccurate 10 days before procuring the warrants” “GUNS AND CRIME”: The “evidence” used by the FBI to secure FISA warrants on Trump adviser Carter Page was known to be suspiciously inaccurate 10 days before procuring the warrants, but the FBI used them anyway. In fact, the FBI swore before the FISA … Read more
TradersChoice.net, Released on 5/10/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more
via hotair: This constitutional crisis is just for show. Partly the Democrats want the show because it just feels good to bash the administration. “This has had a cathartic effect on the Democrats because we have finally been able to find a way to fight back at the obstructionism,” Representative Jamie Raskin told my Times colleague … Read more
by Martin Armstrong The left-wing is forcing their views upon the rest of society by deliberately violating freedom of speech. A New York-based firm is reportedly being forced by left-leaning liberal activists to set up an internal “human rights committee” that would monitor payments to white supremacist groups and anti-Islam activists. It does not matter what they … Read more
by Jesse “I am worried about my own country. The economic crisis of recent years reflects a deep, threatening, and ongoing deterioration of our national politics and culture of power. The crisis, I will argue, developed gradually over the course of several decades. We are not facing a short-term business cycle downturn, but the working … Read more
by Troy With the stock market falling on trade war fears, the pullback/correction that many traders have waited for has finally arrived. Considering that this pullback is so close to the October 2018 high, many traders are wondering “is this the start of a much bigger decline, like Q4 2018?” The economy’s fundamentals determine the stock … Read more