via forbes: By no means are banks immune to any downturn in leveraged lending. As pointed out in a very detailed research piece last week by Standard and Poor’s LCD News, “Banks and hedge funds, which over the past few years have taken a back seat to collateralized loan obligations and other institutional investors in … Read more
Real socialism: http://archive.is/2rtJE
via confoundedinterest: Welcome to the Land of … Jumbos and All-cash! Aka, Orange County, home of surfing legend (and Realtor) Bob “The Greek” Bolen. But Orange County has just experienced their slowest start to a year in terms of home sales since The Great Recession. And home prices in Orange County are falling despite mortgage rate declines. … Read more
via seeitmarket: Debt allows a consumer (household, business, or government) to pull consumption forward or acquire something today for which they otherwise would have to wait. When the primary objective of fiscal and monetary policy becomes myopically focused on incentivizing consumers to borrow, spend, and pull consumption forward, there will eventually be a painful resolution of … Read more
Trump is using the Fed to rework trade deals, leverage trade with tariffs, the Fed is helping him with all of this. Ask yourself a question why does the [CB] hate tariffs? Andrew Jackson explains why the [CB] is not for the people and why it is a mistake outsourcing the creation of money.
via Yahoo: Citigroup Says S&P 500 Heading for a `Full Scale Bear Market’ (Bloomberg) — The U.S. tariffs on Mexico might be off, but Citigroup Inc. strategists warn that trade tensions are set to climb, roiling financial markets from stocks and bonds to commodities. “Tensions are mounting and the outcome looks more likely to be … Read more
via MarketWatch: The Federal Reserve, appearing satisfied that the economy is close enough to 2% inflation and full employment, is reviewing strategies and tools. Perhaps it should consider some radical options — such as letting ordinary individuals establish accounts at the central bank and injecting “helicopter money” into each of those consumer accounts when the central … Read more
via mishtalk: Does China (Trump) want to fight a trade war or a currency war? Before addressing the question, let’s take a the US quarterly goods trade deficit with China. Net Goods Trade with China Quarterly Trade Deficit Timeline The US trade deficit with China blasted higher starting in 2004. Despite a 26% appreciation in … Read more
via doctorhousingbubble: The housing market now sputters into the summer selling season with very little momentum. Home sales are at post-recession lows and the labor force participation rate is collapsing because you have an army of Taco Tuesday baby boomers roaming the streets of California enjoying inflated real estate values while enjoying Whole Foods delivered to their front … Read more
via CNBC: “Fed could cut as soon as July but it may not halt slowdown/recession,” Morgan Stanley’s equity strategist Michael Wilson said in a note to clients Monday. The economy is already facing some “very real macro risks” including weak jobs data, low inflation and escalating trade tensions, Wilson said. The Fed easing over the … Read more
via @chigrl: They were;: 1. Anglo-Iranian (started as Anglo-Persian) Oil Company..later became $BP 2. Gulf Oil (later part of Chevron) 3. Royal Dutch Shell 4. Standard Oil Company of California (SoCal, now Chevron) 5. Standard Oil Company of New York (Socony, later Mobil, also now part of ExxonMobil 6. Standard Oil company of New Jersey (ESSO … Read more
Global bond #yields have fallen sharply over the past monthChanges from a week ago (week ending 7 June) #US #UK #GERMANY #JAPAN pic.twitter.com/IDtVBuBsav — Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) June 10, 2019
via pjmedia: Streaming services like Netflix, Hulu, and Disney Plus never waste an opportunity to tell the American public living in red states how much they hate them. From Netflix showing movies that could meet the legal definition of sexual assault of children to making cartoons about babies in drag (while ignoring customer concerns) to Disney’s CEO complaining about Alabama abortion … Read more
WARNING: link is a PDF https://assets.documentcloud.org/documents/6145811/2019-6-10-DOJ-Review-of-Intelligence-Activities.pdf U.S. Department of Justice Office of Legislative Affairs Office of the Assistant Attorney General Washington, D. C. 20530 June 10, 2019 The Honorable Jerrold Nadler Chairman Committee on the Judiciary U.S. House of Representatives Washington, DC 20515 Re: DOJ Review of Intelligence Activities Dear Chairman Nadler: This letter responds … Read more
The brainwashing continues. Cabot Phillips went to the University of Maryland to ask students whether they trusted the Chinese government or Donald Trump and others who want to shut down Chinese funded “Confucius Institutes on campus. The centers, on dozens of campuses around the country, have recently come under fire for what the D.O.D. calls … Read more
This is classic…It needs to go megaviral! Four Cops OWNED & EDUCATED – Yard Sale Raid – East Hampton, NY Police – First Amendment Audit 57 h/t Levit
via reason: City Councilman Kenyatta Johnson has introduced an ordinance that would ban these protruding windows in the neighborhoods of Point Breeze and Grays Ferry. Balconies would be verboten too. His aim, he says, is to prevent undue clashing with the traditional brownstone homes that populate the area. “I call them pop-out windows,” he told local radio station WHYY last … Read more
View post on imgur.com TLDR: the extradition law which the protest is against enables the Chinese government to extradite anyone in Hong Kong who violates the Chinese law. The main problem is – according to the Chinese law, you don’t have to be within China to violate their law – say if you punch a … Read more
CBP agents recently reported an MS-13 gang member used a toddler with chickenpox in an attempt to make a fraudulent migrant family claim. One America’s Emily Finn explains how migrant families are using children as a “passport for migration.”
By Nick Cunningham Lower oil prices could drag down U.S. shale drillers at a time when their finances are already looking shaky. But the impact on oil production growth is still murky. WTI is in the low-$50s per barrel, which means that the average shale driller is likely burning through cash. In the first quarter, … Read more
by Playaguy The manipulation of the public depends on it not knowing it is being manipulated. Critical thinking is a skill. It is learned, not instinctive. And it has nothing to do with intelligence.
via thedailybeast: “On this one, Trump is right as rain—and so are Sanders and Warren. The federal government should have been taking apart these greedy tech monopolies years ago. Let’s get cracking.” Plus: We have been accustomed to think of technology entrepreneurs as bold, risk-taking individuals who thrive on competition but now we know that it … Read more
by Jeff Thomas Ancient Greece is credited as raising the societal structure to new heights. Whenever this period is referred to, philosophers and historians are quick to mention that the ancient Greeks gave the world Democracy. Yet, Socrates, who is regarded as having been a rather thoughtful fellow, eyed democracy with deep suspicion. He was right … Read more
by Ron Paul Rep. Duncan Hunter (R-CA) found himself in hot water recently over comments he made in defense of Navy SEAL Edward Gallagher, who faces war crimes charges over his alleged conduct while serving in combat overseas. Gallagher is charged with stabbing a 15 year old ISIS member while in custody, of taking photos posing … Read more
