by jessefelder One of the things I’ve started paying close attention to recently is the trend in risk appetites. Are investors embracing or shunning risk in the markets? Answering this question can help to understand the strength of the underlying trend. The chart below plots the S&P 500 Index (in blue) alongside a custom index … Read more
https://media.blubrry.com/silverdoctors/s/content.blubrry.com/silverdoctors/The_Monetary_Experiment_Starts_to_Unravel_SDN_.mp3 Podcast: Play in new window | Download Subscribe: Apple Podcasts | Android | Email | Stitcher | RSS It only took one word from Fed Chair Jerome Powell on inflation to send the markets reeling, and that word was “transitory.” The markets have been pricing in a Fed rate cut, and Powell’s comments suggest the Fed is not considering a cut at this point. It looks like the monetary … Read more
via silverdoctors: Oh yeah, and China, “our media would richly reward you” if you steal Trump’s tax returns… Three-ring. Circus side-show. And Hillary Clinton has the mic: Oh, yeah, and China, “Our media would richly reward you”. So to recap: The 2020 US Presidential Election. Not just Republicans versus Democrats. It’s now also Russia versus China. We … Read more
by Brian Maher of Daily Reckoning The Latest Government Myth “Deep down, he’s shallow,” said critic Peter DeVries of one author, famously revered. Today we submit the case that Friday’s GDP report — grand, gaudy and garish — is deeply shallow beneath the scintillated surface. That is, the deeper numbers tell a tale 180 degrees out … Read more
By Doug “Uncola” Lynn via TheBurningPlatform.com During Attorney General William Barr’s testimony yesterday on live TV, we witnessed Congressional Democrats obstructing justice by demanding Barr’s resignation in spite of his admitted investigation into FISA-abuse and Hillary Clinton’s dirty dossier. It’s clear the only option the Democrats have now is to discredit Barr. Communications between Special Counsel Robert Mueller … Read more
Federal immigration officers working on the U.S.-Mexico border will start “as early as next week” carrying out rapid DNA tests on immigrants in custody who claim to be related, a Department of Homeland Security official told the Washington Examiner on Wednesday evening. The official said Immigration and Customs Enforcement will start a trial with the … Read more
Can’t Stop, Won’t Stop (Working) Many older Americans are living longer and are happy to keep working. Others can’t afford to retire. Those are just a couple of the reasons why people over age 65 are swelling the ranks of U.S. employees in recent decades. On this week’s episode of Stephanomics, Matthew Boesler takes a … Read more
by northmantrader Pay attention here, we just witnessed trend breaks on some index charts and these breaks are coming at a key time and could spell more trouble to come. Speaking of key time, who says twitter trolls are good for nothing. If anything, they sometime can serve as contrarian sentiment checks. I sensed markets were … Read more
by WARREN MOSLER Continues to decelerate: Highlights Jerome Powell may have cited March auto sales as an economic plus in yesterday’s FOMC press conference, but April sales couldn’t keep up the pace. Unit vehicle sales managed only a 16.4 million annual rate in April which was far below March’s 17.5 million rate and well below … Read more
https://www.bloomberg.com/news/articles/2019-05-01/u-s-banks-bad-debt-pile-creeps-higher-with-credit-card-losses?srnd=premium For now, there’s no cause for panic. The strong U.S. economy and low unemployment means most consumers are able to stay current on debt payments — new foreclosures and bankruptcies fell to the lowest level in at least 15 years in 2018. Yet the uptick in card losses is unmistakable. Credit-reporting company Experian Plc … Read more
https://www.cnbc.com/2019/05/02/warren-buffett-heads-into-berkshires-big-weekend-with-stock-underperforming-over-long-term.html Berkshire Hathaway shares are trailing the S&P 500 over the last one, five, 10 and 15 years. One Berkshire Hathaway stakeholder says they’re growing more uncomfortable with their position, given the company’s reluctance to flex its cash hoard. Berkshire Hathaway’s annual meeting, where 30,000 shareholders and Buffett fans gather in Omaha, Nebraska, is Saturday.
More and more companies either choose not to invest in other countries or are prevented from doing so. By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Global foreign direct investment flows plunged by another 27% in 2018 — after having already plunged 16% in 2017 — to just $1.1 trillion, the equivalent of 1.3% … Read more
The red-hot initial-public-offering market continues, with 16 companies set to go public by May 10. These companies include mega-“unicorn” Uber, thought to be the largest IPO of the year. IPOs have performed well this year – with the exception of Lyft. Get ready for an initial public offering bonanza. The next 9 days are set to … Read more
This is a total smoke and mirrors #Fed discussion with #inflation as the distraction. Use any measure you want but the US has not experienced deflation since the 1930s depression. The hyperventilating about inflation is a ruse for the Fed to do whatever they want. #Criminal pic.twitter.com/HOZcSIDJ2J — Jack (@JackPScott) May 1, 2019 #Fed's Powell … Read more
via @MI_Investments: Any trade deal we reach with China/EU/NAFTA hurts them; benefits to US likely muted by blowback of world going into recession Markets now going to try to front run the China trade deal news…..insiders will get the first look at what’s included. ‘Sell the news” of the deal setting up. Behind China are tariffs … Read more
The chart here screams ”sell now if you don’t want to sell at -50% in the next 9 years” You USA, canada and UK landlords are warned h/t luchins
Like flipping a light switch, Vanguard Group Inc. has figured out a way to shut off taxes in its mutual funds. The first to benefit was the Vanguard Total Stock Market Index Fund. Investors’ end-of-year tax forms abruptly stopped showing capital gains in 2001, even as the fund went on to generate billions of dollars … Read more
via @GS_CapSF: Home prices apparently falling in Silicon Valley/Palo Alto per Core logic. Pull fwd of demand now seeing vacuum & construction declining.
via scmp: Sluggish economy continues to slide as finance chief blames a ‘weaker global economy and various external headwinds’ Smallest increase in city’s GDP growth since 2009 Hong Kong’s economy has grown at its slowest quarterly rate in nearly a decade, reduced to a near standstill by weak consumer demand and shock waves from the US-China … Read more
global slowdown continues pic.twitter.com/p21gJIJaWK — Alastair (@StockBoardAsset) May 2, 2019 Key takeaways of Asia manu PMIs: a) Regional stabilization but growth remains weakb) Korea out of contraction but barely justc) Vietnam expands & gains from tariffs & cost arbitraged) Taiwan weak still & India Philippines & Malaysia slow. So worst is over but very L-shapy … Read more
FOX NEWS reports, Fox Entertainment’s hit show “Empire” was officially picked up for a sixth season — but without one of its controversial mainstays, Jussie Smollett. Fox Entertainment and 20th Century Fox TV issued a statement to Fox News on Tuesday, “By mutual agreement, the studio has negotiated an extension to Jussie Smollett’s option for … Read more
At dawn, US-backed and self-proclaimed president of Venezuela, Juan Guaido, announced the “final phase” of his coup against the Maduro government. While defections from the military are minor at this point, it is unknown whether the coup will reach critical mass. In the US, both Republicans and Democrats – who not long ago were furious … Read more
A new CNN poll found a high approval rating for how President Donald Trump is handling the economy, with CNN’s David Chalian noting, “this is the highest number we’ve ever seen.” Be sure to like, subscribe, and comment below to share your thoughts on the video.
“Not a global health emergency” says the WHO: https://tinyurl.com/yxkgdbyk
JD continuing to throw down the gauntlet of truth and calling out the war mongers in the US and abroad.