Month: July 2019

Is the U.S. Debt Bubble Going to Burst?

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by howmuch The U.S. economy may be in the middle of its largest expansion in history, but record levels of debt could signal trouble on the horizon. In February 2019, the U.S. national debt reached a record $22 trillion, and the annual deficit for this year alone is expected to be almost $1.1 trillion. At the consumer level, … Read more

Watch: ‘Youths’ harass New York police officers and dump water on their heads

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Outrage after NYPD officers are drenched with water while on duty A ‘Fox & Friends’ law enforcement panel reacts to the treatment of police officers in America. https://news.yahoo.com/outrage-nypd-officers-drenched-water-105716125.html Watch the latest video at foxnews.com https://video.foxnews.com/v/6063006091001/#sp=show-clips https://videos.dailymail.co.uk/video/mol/2019/07/22/8992776643746025411/640x360_MP4_8992776643746025411.mp4 AC

NYT: ONLY 35 ARRESTED IN ICE RAIDS

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via MSN: More than 2,000 migrants who were in the United States illegally were targeted in widely publicized raids that unfolded across the country last week. But figures the government provided to The New York Times on Monday show that just 35 people were detained in the operation. President Trump had touted the raids — … Read more

Europe Bans Natural Gas in New Homes

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by Martin Armstrong COMMENT: Regarding: California Economy Declining Significantly In the Netherlands (Europe) the same. Gas not allowed for new homes. Now new homes are more than €50000 more expensive (not the same climate as California). Existing homes will also be forced from gas to alternatives by 2030 which the government will try to enforce with … Read more

The seven signals that Wily Coyotes can’t see

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by John Ward Institutional selling, AI confusions, US Fed nerves, firing monetary blanks, Gold, banking crises and euro anarchy On the US Dow index over the last few months, major institutional investors have been selling at a rate barely seen 1929. They’re being advised by investment strategists to ditch quoted shares in favour of  buying privateequity (PE). The general … Read more

Why the Fed is Terrified of These Two Charts

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By The Phoenix Yesterday I asked, just what exactly is terrifying the Fed? As a brief recap, there are three main issues grabbing their attention. 1)   The collapse of German banking giant Deutsche Bank (DB). 2)   China’s banking system entering a credit freeze. 3)   The bursting of the Everything Bubble. Of the three, it is the … Read more

The market is being propped up by a narrowing group of leaders. Not a good omen. With the overall index making new highs, the internals are abysmal.

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via Kevin C. Smith, CFA: The market is being propped up by a narrowing group of leaders. Not a good omen. The deteriorating breadth is most evident in the NASDAQ Composite, home to the leading growth stocks of this cycle. With the overall index making new highs, the internals are abysmal.    

The market’s so-called depth has become so shallow that stocks are increasingly vulnerable to exacerbated moves, according to J.P. Morgan

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The market’s so-called depth has become so shallow that stocks are increasingly vulnerable to exacerbated moves, according to J.P. Morgan. Market depth here is measured by the volume of orders on both bid and ask side for the S&P 500 E-mini futures contract. “In our mind, this persistently low market depth leaves U.S. equities vulnerable … Read more

40 Million Americans Had Their Credit Card Declined In The Past Year

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via valuewalk: bout 40 million Americans had a credit card declined in the past year, according to a new report from CompareCards.com, a LendingTree company that helps consumers improve their credit health. Having a credit card declined can be surprising, embarrassing and frustrating. It can be the result of a big mistake you made – like paying late or … Read more

Trump Administration Moves to End Food Stamps for 3 Million People

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via Yahoo: (Bloomberg) — The Trump administration is moving to end food stamp benefits for 3 million people with proposed new regulations curtailing the leeway of states to automatically enroll residents who receive welfare benefits. Agriculture Secretary Sonny Perdue said state governments “have misused this flexibility.” “We are changing the rules, preventing abuse of a … Read more

France & the New Digital Tax

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by Martin Armstrong The French GAFA tax is an acronym for Google, Apple, Facebook and Amazon which the French government has just passed. They are imposing a 3% tax on all business in France. The US has promised retaliation. This is part of the entire problem the world faces with trade. A lot of people … Read more