by Michael Snyder Once again tonight, countless numbers of Americans will sleep in their vehicles, and this is a problem that is getting worse with each passing year. According to the Department of Housing and Urban Development, the homeless population in the United States hit 552,830 in 2018, but many believe that the true number is … Read more
by Charles Hugh-Smith It’s difficult not to see signs of this same trajectory in the U.S. since the fall of the Soviet Empire in 1990. A recent comment by my friend and colleague Davefairtex on the Roman Empire’s self-destructive civil wars that precipitated the Western Empire’s decline and fall made me rethink what I’ve learned … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The rate cuts for 2019 are a pipe-dream: Goldman Sachs and Deutsche Bank. It now makes two: The chief economists at investment banks Goldman Sachs and Deutsche Bank have warned their clients that the already priced-in rate hikes this year that markets are so excited about may not materialize. To proof … Read more
via Zerohedge: A leading Australian business survey has concluded that the continent’s retail sector is “clearly in recession”. New data from NAB shows Australia’s “Index of Business Conditions” falling by 2 points in May, putting it well below its long run average. The data comes a week after Australia’s Reserve Bank was forced to cut interest rates to its lowest … Read more
by Michael Snyder Global weather patterns are dramatically shifting, and week after week we keep seeing things happen that we have never seen before. As far as our weather is concerned, this is definitely the strangest year in modern American history, and many believe that what we have witnessed so far is just the beginning. Up … Read more
When it comes to choosing what to trade, there are all kinds of options available out there. From stocks and shares to rental properties, there are plenty of vehicles that you can use to invest and grow your money. Two of the most popular modern assets, though, are foreign exchange currency pairs and CFDs. What … Read more
by Jose Nino via Mises Wire While it is fashionable to talk about Venezuela and its notorious shortage of basic goods such as toilet paper, flour, and milk Cuba is now implementing a rationing program to combat its very own shortages of basic goods. A CBC report indicates this program would cover basic items such as chicken, eggs, rice, beans, and soap. What has … Read more
By Irina Slav Prices at the pump in the United States are set for a decline next week thanks to lower crude oil prices and the start of driving season, Bloomberg reports, citing data from GasBuddy. “We did see a 7-cent decline in the national gas price last week, and I think you can look for … Read more
via redstate: Alexandria’s current salary in Congress is $174,000. This is far greater than the US average salary of workers without a high school diploma ($27+K), or those who graduated high school ($37+K). Even looking at those with a college education she earns nearly triple the rate of $66+K annually. So here is the woman, who … Read more
VICE News Has Been CANCELED, Media Keeps Collpasing h/t KOS
By Nick Cunningham Trump backed off his proposed trade war with Mexico in the face of intense pressure from business groups and even his own party, but his faith in tariffs remains unbowed. In fact, Trump may have internalized a lesson that presents further risks to the global economy and to oil markets. “If we … Read more
by Nilus Mattive of Daily Reckoning Have you run up a huge hospital bill that you’re having difficulty paying? The stress can be overwhelming, especially while you’re recovering from a complicated procedure and feeling like you’ve been hit by a truck. But you’re not alone… The Consumer Financial Protection Bureau (CFPB) found that 43 million Americans have overdue … Read more
by Geoffrey Grider Amazon’s patent application for an always-on feature for Alexa, its popular voice-activated personal assistant, has raised a lot of concern. Understanding of Bible prophecy is a lot like driving into a smog-filled city like Los Angeles, where I lived for a time before getting saved back in the last 1980’s. When you view LA from a … Read more
by Danielle Park via Juggling Dynamite I have long noted that the leverage, securitization and off-book accounting gimmicks that imploded enery-giant-ENRON in the early 2000s were adopted far and wide over the last 20 years. Bailouts to those instrumental in the 2008 implosion, along with central bank liquidity-pumping globally, enabled a continuation of similar antics in … Read more
by Katrina Hamilton via Reuters HONG KONG (Reuters Breakingviews) – Carrie Lam’s government could squander Hong Kong’s privileged position in the eyes of foreign governments. A bill that would allow extradition to the mainland prompted hundreds of thousands to protest on Sunday. If the chief executive ignores the message, Washington, Brussels, and others may reconsider their … Read more
by DCG There is no such thing as “accountability” in Chiraq. Demorats have been in charge since 1931 and yet the gun violence CONTINUES. From MyFoxChicago: City leaders met Monday following another violent weekend. The second weekend of June saw 39 people shot, three of them fatally. Police were also able to arrest 36 people on gun-related charges and remove … Read more
by Martin Armstrong Alexandria Ocasio-Cortez (AOC) attacked corporate politics, influence, and greed. She echoed Warren Buffett who recently told shareholders that if a bank needs a government bail-out, the responsible CEO and his or her spouse should lose their net worth. Interesting comment on Buffett’s part when he lent $5 billion to Goldman Sachs to prevent their … Read more
https://twitter.com/Trinhnomics/status/113825218052631347
Tonight, we got US CPI & expectations are of a bit of more of the same for core CPI & marginal slowdown to 1.9% YoY. Fed meets 20 June but May PCE won't be out until 28 June so it'll have to use CPI & PPI for now as price gauges. pic.twitter.com/jbw2bDN3Ds — Trinh (@Trinhnomics) … Read more
via Troy: After a big 5 day rally, the stock market is stalling. Today’s headlines: Canary in the coal mine: small caps underperforming large caps NASDAQ’s breadth Interest rate cuts Crash pattern Job openings Tech’s surge Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock market going up on … Read more
by TFittonJW pic.twitter.com/RRcP8ZDy1e — Donald J. Trump (@realDonaldTrump) June 11, 2019 Thank you, @realDonaldTrump, for helping to educate Americans about these important public corruption issues. — Tom Fitton (@TomFitton) June 11, 2019
by Ilogy QE is far more than simply the Fed buying Treasuries in mass quantities. After all, that was already how the Fed set interest rates prior to 2008, through the buying and selling of short-term Treasury bonds. Why QE was so controversial was because the Fed was given the power, by congress, to print money … Read more
doesn't look like the trade war is ending any time soon pic.twitter.com/HU3GX4jzCE — Alastair (@StockBoardAsset) June 11, 2019 global slowdown is not contained pic.twitter.com/W5KnhiMtC4 — Alastair (@StockBoardAsset) June 11, 2019 ugly, this is a proxy for economic growth pic.twitter.com/ErDH9kbeed — Alastair (@StockBoardAsset) June 11, 2019 https://twitter.com/anilvohra69/status/1138431416834723840 The Chinese domestic economy has never slowed this fast … Read more
this is why the $vix could stay elevated pic.twitter.com/U9JZi2T6Ga — Alastair (@StockBoardAsset) June 11, 2019 The S&P 500 is essentially unchanged since January 29, 2018 which means valuations have been stuck at eye-watering levels for almost a year and a half. That is beginning to rival the insanity of the dot-com era bubble. pic.twitter.com/AgB2K1S5eb — … Read more
