Schiff: July Rate Cut Probability = 100%

RT, Released on 6/19/19 Peter Schiff is an internationally recognized economist specializing in the foreign equity, currency and gold markets. Mr. Schiff made his name as President and Chief Global Strategist of Euro Pacific Capital. He frequently delivers lectures at major economic and investment conferences, and is quoted often in the print media, including the Wall Street … Read more

June 21, 2019: leading indicators macro update

by Troy Instead of trying to predict when the economy will deteriorate in the distant future (which countless experts have tried and failed), we simply look for deterioration among the leading indicators. Instead of predicting the next 10 steps, we seek to predict the next 1-2 steps for the economy. Here’s a brief summary of the … Read more

GET WOKE, GO BROKE? Facebook Usage Has Collapsed After Privacy Scandals, Data Shows.

via slashdot: mrspoonsi shares a report from the Guardian: Facebook usage has plummeted over the last year, according to data seen by the Guardian, though the company says usage by other measures continues to grow. Since April 2018, the first full month after news of the Cambridge Analytica scandal broke in the Observer, actions on Facebook such as likes, shares … Read more

FITTON:MASSIVE Ethical Mess: New Strzok-Page Emails Show Clinton Email Games, Media Collusion, and Lovers’ Spat between Strzok-Page

by TFittonJW Judicial Watch heavy lifting gets big results: https://www.judicialwatch.org/press-room/press-releases/judicial-watch-new-strzok-page-emails-reveal-fbi-efforts-to-muddle-comey-testimony-on-clinton-emails-fbi-media-collusion/ “These new Page-Strzok emails show the Obama FBI to be a mess both professionally and ethically” said Judicial Watch President Tom Fitton. “The best example of the ethical morass at the FBI are the emails showing how a report on Judicial Watch’s disclosure that a grand … Read more

Hello 1987…

"IT'S TOO MUCH, TOO FAST!"$SPX is up +25.9% within the past 125 trading sessions, so I put together a chart showing every time that happened since electronic trading began in 1983. It's not bearish unless you squint and lie to yourself. pic.twitter.com/fyUdek5bjz — OddStats (@OddStats) June 20, 2019 pic.twitter.com/I5em3wJIH3 — †Yeshualives🇳🇱🇮🇱 (@RayKalsitrant) June 21, 2019 … Read more

Lenore Palladino: “I think there’s a real danger of stock buybacks topping out the market, and then the bubble bursting. We know who gets hurt when the bubble bursts. It’s the majority of us.”

https://twitter.com/JordanHaedtler/status/1142072649893523461 We'll keep talking about what the Fed did, should do, might do, could've done. But however we got here, the cost of corporate debt has tracked Treasury yields lower and capital-markets math says that supports stocks. The BBB yield is back where it was in January 2018. pic.twitter.com/r21xic0jZD — Michael Santoli (@michaelsantoli) June 20, … Read more

Canada’s Senate Passes Energy Bills In Defeat For Oil Industry

By Tsvetana Paraskova Canada’s Senate passed on Thursday two controversial bills restricting the movement of oil tankers off the northern coast of British Columbia and overhauling the assessment process for oil pipelines—bills which have pitted environmentalists and liberals against the oil industry and the neighboring oil-producing province of Alberta. In a very close 49-46 vote, the Senate … Read more

‘TOO LATE TO BE BULLISH’?

via Yahoo: (Bloomberg) — The S&P 500 is up 18% and powering toward its biggest first half since 1997. For bulls, things are great. Will they get any better? To a handful of cross-asset strategists who turned skeptical on stocks before this week’s manic sessions, that’s becoming the most pressing question. Increasingly, their answer is: … Read more

Europe Has Been Warned: Currency War Is Next Phase Of Global Conflict, Europe Is Defenseless

Chris Powell of the Gold Anti-Trust Action Committee (GATA) By Ambrose Evans-Pritchard The Telegraph, London Currency war is the next phase of global conflict and Europe, the chief parasite, is defenceless Europe has been warned. Any use of monetary levers to hold down the euro exchange rate will be deemed a provocation by the Trump administration. Further cuts in … Read more

The devastating economic effect of mass migration

by Fabius Maximus  Summary: Open borders and a massive flow of low-skill immigrants create social and political stresses, but economists tell us they boost the economy. That ignores their costs. Economists extol the boost to GDP produced by poorly educated and low-skill immigrants. That boosts corporate profits and makes America bigger. But it is quite daft … Read more

Man Exposes Billion Dollar Back Surgery Scam Involving Fake Hardware

Two men in California exposed one of the largest cases of fraud in the history of the state. Bill Reynolds and Mark Sersansie discovered doctors were being paid to perform what some say were unnecessary spinal fusion surgeries. The scam involved doctors allegedly implanting counterfeit hardware into hundreds of patients. “Whistleblower” host Alex Ferrer joins … Read more

Jessie Smollett DO OVER as Judge orders special prosecutor to start from the beginning

A Cook County judge on Friday ordered the surprise appointment of a special prosecutor to investigate the sudden dismissal of all charges against Jussie Smollett, saying the short-lived prosecution may have been legally invalid from the beginning. Judge Michael Toomin ruled that State’s Attorney Kim Foxx had the right to withdraw herself from overseeing the … Read more

How Millennial Doctors Are Transforming Medicine

by visualcapitalist Changing healthcare models, groundbreaking advancements in the health technology sector, and shifting standards of patient care—they’re all contributing to a new era of medicine. But arguably one of the biggest changes will be the faces that greet us at a clinic or hospital. Today’s infographic from Publicis Health illustrates the emerging generation of millennial doctors, and … Read more

Texas wants to make sex jokes illegal

by Simon Black Here’s our Friday roll up of the most absurd and concerning articles we came across this week. UK bans advertisement with “harmful gender stereotypes” UK bureaucrats will now decide if ads and commercials are too offensive. New regulations ban advertisements with gender stereotypes “that are likely to cause harm, or serious or widespread … Read more

Everyone is mad for T-Bonds and piling in like crazy. That sort of investor action in the past has usually not been rewarded

by Tom McClellan The Treasury Bond blowoff which is currently underway is dragging along the high-grade corporate bonds due to the coattails effect.  That is leading to really strong numbers for the Advance-Decline statistics for these corporate bonds, which has driven up the Ratio-Adjusted Summation Index (RASI) for these bonds to a really high level. When … Read more

June Madness Strikes Washington

What is going on with Iran is certainly front-page material but there are two other stories confirming that brain-dead flesh-eating zombies have somehow gained control of the White House. The first comes from David Sanger of The New York Times, who reported last week that the United States had inserted malware into the Russian electrical grid to serve … Read more