by FS An annual government report indicated Social Security’s costs are expected to exceed its income starting in 2020. When this last happened in 1982, the 1984 Social Security fix followed where Congress raised taxes and raised the income level subject to taxation to cover the shortfall. What will happen now that we’re set to face this … Read more
https://www.youtube.com/watch?v=HRFcgEaFzL4 Tommy Robinson and Carl Benjamin are fighting back against the EU’s tyranny over their country, and unsurprisingly, the social media power complex is attempting to silence both of them.
Given that it usually takes around 2 to 4 days to get through the euphoria of a throw over – from the time it breaks over its upper boundary – this is a decent concept of what happens after every last buyer is sucked in and every seller pushed to or past the breaking point. … Read more
via @crescatkevin: Meanwhile, breadth failing vs. 1/18 top, just like 9/18. Listen on Hidden Forces:
https://twitter.com/mitchnolen/status/1123337776118648832
CHAPEL HILL, N.C. — Neither the Dow Jones Industrial Average nor the Dow Jones Transportation Average has joined the S&P 500 in reaching new all-time highs. Should you care? The answer depends on how much weight you put on the Dow Theory, the oldest market-timing system that remains in widespread use today. Though different market … Read more
via usatoday: 1. Dine out less often The majority of Americans report the cash they wasted on dining out was their biggest spending regret. While there’s nothing wrong with going out for a nice meal with the family on occasion, average spending on food away from home totaled more than $3,300 in 2017, according to the Bureau of … Read more
#Fed $USD 🇺🇸 Excess reserves are getting too scarce as seen in the now positive spread between EFFR and IOER Fed holds three options: 1: End QT earlier than October 2: Cut IOER without cutting RRP (difficult to communicate) 3: Introduce an open-ended repo-facility pic.twitter.com/E9i9QwU71y — Andreas Steno Larsen (@AndreasSteno) April 30, 2019
by arthur450 Plenty has been written about withdrawal strategies. Yet, one dimension has been, in my opinion, under-explored: market timing. And believe me, I’ve read more or less everything ERN has written on the topic. Yes, I can hear it from over here: you can’t time the market! Which is true, but not really. Hear … Read more
by Afrabuck So my wife and I have a vacation account with a large multi state bank. We only use it to hold our vacation fund and have purposely decided to separate it from our savings and checking bank. We place any gifts (Christmas, Anniversary, and Birthdays) directly into this account to save for something … Read more
by userrnam So this bank has existed for longer than I have. My parents used to many decades ago and have said good things regarding it. I plan on opening an account with them, but 5% APY seems insane and I wanted to rule out any possible issues. Terms: Required 15+ transactions per month Minimum … Read more
Apple net cash $113BN, lowest since 2012 pic.twitter.com/LKCBiDlTyk — zerohedge (@zerohedge) April 30, 2019 AAPL up 46% since cutting revenue guidance by 8% pic.twitter.com/Tq4PaT9sqm — zerohedge (@zerohedge) April 30, 2019 https://twitter.com/pierpont_morgan/status/1123332467979583488
via CNBC: Peak globalization has actually already come and gone, according to David Roche, president and global strategist at London-based Independent Strategy. Even China — whose leaders are now some of the loudest proponents of global systems — will see most of its future growth come from domestic pursuits, he projected. Globalization is waning, and a … Read more
by confoundedinterest17 I am still laughing over Fed-nominee Stephen Moore calling Ohio “the armpit of America.” But I wonder what Moore has to say about the idea of a new Fed quantitative easing scheme: Federal Reserve officials are considering a new program that would allow banks to exchange Treasurys for reserves, a move aimed at ensuring liquidity … Read more
via mhanson: Redfin reported last week that house prices were down 0.1% y/y in March, the ‘first such decline since 2012’. BUT, that sounds better than it really is… Redfin has been reporting shrinking HPA for about a year now (See Item 1). Last month it finally “turned negative”, an important distinction. Redfin’s “first decline since 2012” marker is … Read more