via dailymail.co.uk: The polls don’t look good for Donald Trump. I mean, by any normal yardstick, the President is heading for a defeat in the 2020 election. He’s lagging behind in many of the crucial states that swung the White House his way in 2016 – like Michigan, Wisconsin and Pennsylvania. Indeed, the polls look so worrying that … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Here’s why. Powered by the iffy situation in the Persian Gulf, the Strait of Hormuz, and the Gulf of Oman, with attacks on tankers and now the downing of a US drone, the price of crude oil got a little nervous in recent days. WTI jumped about 6% today to over … Read more
BY JOHN RUBINO Peter Schiff: The Fed readies the markets for a July rate cut … Gerald Celente: The economy will OD on “monetary methadone” … Max Keiser on “Deutsche Bank’s death spiral” … Mike Maloney: A higher silver price is going to stun the markets … Ted Butler: JP Morgan has “spring-loaded an explosive move … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter For six months now, folks said the Fed had made a “U-turn” and would cut rates at the “next” meeting, or in between meetings, and by 50 basis points, and cut, cut, cut, and would re-start QE. But none of it happened — and might not happen this year. Here’s why, … Read more
by Charles Hugh-Smith The rest of us eat our losses, either all at once or in bitter bites as we trudge through the financial wasteland left after bubbles burst. The news that the Federal Reserve Casino is giving away free gambling chips triggered a frenzied rush that trampled the bears, including poor Yogi: There’s just … Read more
Junk. Surprised by how high this is valued considering revenue is not even half a billion. Fuck, Wayfair took in more money when it was still called “racks and stands.” No real competitive advantage either. I personally like using Slack but this is ridiculous. Mark
by visualcapitalist Since its inception, the stock market has been one of the most powerful and consistent sources of wealth creation available. Although stocks see more volatility than other assets, they have also averaged a real return of 6.7% per year between 1925 and 2014, compared to just 2.7% for bonds and 0.5% for cash. And … Read more
Authored by Raul Ilargi Meijer via The Automatic Earth blog, I intentionally start writing this mere minutes away from Fed chair Jay Powell’s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it’s pathetic. The comments … Read more
by TFittonJW Heavy lifting by Judicial Watch gets huge results — again. A giant mailing by LA County and other actions required by the settlement should result in the immediate and ongoing clean up of the rolls in California. We initially thought the process would include up to 1.56 millions names — it is now … Read more
Bill Murphy interviewed on Reluctant Preppers Overt smackdowns of gold as it persistently and repeatedly tests a 6-year resistance & support limit are becoming more obvious, more desperate, and eventually will be proven futile, according to veteran gold market watchdog Bill Murphy of the Gold Antitrust Action Committee (GATA.org.) Murphy returns to Reluctant Peppers to contend that … Read more
LATE-STAGE SOCIALISM: Venezuela Is Now Awash in U.S. Dollars. We used to catch only rare glimpses of them in public. A waiter willing to risk jail time might be persuaded to accept them for the right price. Amateur tourists would flash them at the airport. Shady street hawkers made offers for them under their breath. Now, … Read more
via twitchy: Cloward, Piven and the Labour Party smile. h/t ED
via thedailybeast: If one of these two quarrels is going to metastasize into something ugly, it’ll be Sanders, who remains apart from the party whose nomination he’s running for. Donald Trump told his rapt audience in Orlando Tuesday night that the Democrats “want to destroy you.” The next day, the Democrats started doing some destroying, all right. … Read more
Josh Sigurdson reports on the recent claims by Google CEO Sundar Pichai that YouTube will eliminate about 99% of what they consider “bad” in the near future. He claimed that he just cannot meet the demand of 100% of bad content being erased as if people are begging for YouTube to erase nearly everything they … Read more
by Dave Kranzler of Investment Research Dynamics “The latest University of Michigan consumer confidence report noted that its index tracking those who think it’s a good time to buy a home has fallen by a hefty eight points in the past two months even as mortgage rates have dropped.” – Danielle DiMartino Booth, “The Fed Can’t Help Housing Or … Read more
by Raúl Ilargi Meijer Gustave Courbet The village maidens 1852 I intentionally start writing this mere minutes away from Fed chair Jay Powell’s latest comments. Intentionally, because the importance ascribed to those comments only means we have gotten so far removed from what capitalism and free markets are supposed to be about, that it’s pathetic. The comments … Read more
by badpauly These are the latest Schedule 13D forms filed by activist investors in the last 7 days. Activist investors are investors that make an investment with the intention of influencing management in some way. There is evidence that following activist investors into investments can generate excess returns. Schedule 13G forms, in contrast, are filed … Read more
Plunging government bond yields could complicate the Federal Reserve’s plans to exit the US mortgage market, according to one of the pioneers of the central bank’s bond-buying programme. The central bank has been one of the biggest buyers of mortgage-backed securities since the financial crisis, racking up a total of almost $1.8tn at the peak, … Read more
via jugglingdynamite: Stephanie Pomboy, founder and president of Macro Mavens, sits down with Grant Williams to discuss her global outlook after the Fed’s recent course-reversal. Pomboy and Williams take a deep dive into the significance of the gaps between various economic indicators, and discuss the implications for capital markets, retirement accounts and pensions. They also touch … Read more
via fuw.ch: Danielle DiMartino Booth is a vocal critic of the Federal Reserve. The former analyst at the Federal Reserve Bank of Dallas condemns the devotion of the unelected academics to their theoretical models. In her book «Fed Up» she writes about arrogance and tunnel vision that drive core policies of the Fed and explains why … Read more
Some upstate New York county clerks are taking a stand against the state’s controversial new lawgranting driver’s licenses to illegal immigrants. Clerks in Erie, Rensselaer, Niagara and Allegany counties have said they won’t be handing out the licenses, despite the legislation signed Monday by Gov. Andrew Cuomo. Erie County Clerk Michael Kerns said he believes the … Read more
The Koch brothers are also working with the ADL to silence conservatives. Koch brothers have immigration agenda, want Republicans to be soft on crime. #Tucker #FoxNews h/t John
by MauldotheLastCrafter Reuters: U.S. President Donald Trump plans to issue an executive order on Monday asking health insurers and doctors to disclose new details about healthcare costs, in an attempt to improve price transparency, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The order will direct federal agencies to initiate regulations … Read more
In just five years, Slack has grown to have more than 10 million users and has become a verb in the process. “I’ll Slack you” is shorthand for sending a message via the workplace chat platform. On Thursday, the company took that popularity to the New York Stock Exchange, where its shares soared on its … Read more
by Lance Roberts “The greatest trick the Devil ever pulled was convincing the world he didn’t exist.” – The Usual Suspects (1995) Just recently, Politico ran a story by Brain Faler entitled: “Big Businesses Paying Even Less Than Expected Under GOP Law.” To wit: “The U.S. Treasury saw a 31 percent drop in corporate tax revenues last year, almost twice … Read more