Expert Predictions: A 70% Stock Market Crash

via fxempire: July 2019 will mark exactly 10 years since the end of the Global Financial Crisis in 2009. It will also mark the longest period of economic expansion on record, surpassing the 1991 to 2001 internet boom. The question – Is the current boom sustainable? The 90s economic boom was fuelled by the internet. This … Read more

Marching to a Federal Debt Crisis – Cato

via cato: My new op-ed at The Hill discusses the disastrous rise in federal government debt as profligacy dominates both parties in Washington. With the far-left lurch of the Democrats and the complete abdication of responsible budgeting by Republicans, I don’t see how the nation escapes from a damaging and protracted economic crisis down the road. It does not … Read more

The next test for the highflying stock market begins as companies kick off reporting what could be their biggest quarterly profit contraction in three years

The next test for the highflying stock market begins as companies kick off reporting what could be their biggest quarterly profit contraction in three years https://t.co/hgcZOYjCG6 via @WSJ — M/1_LP (@MI_Investments) July 15, 2019 Q2 earnings preview:– 2% Y/Y decline in SPX EPS – earnings to fall in six of 11 sectors, led by Infotech … Read more

As Wall Street Celebrates Rising Stock Prices, Companies Are Literally Shutting Down All Over America

by Michael Snyder How long can the stock market possibly stay completely disconnected from economic reality?  On Monday, the Dow Jones Industrial Average rose just 27 points, but that was good enough to push it to yet another new all-time record high.  Investors have been absolutely thrilled by the extremely impressive bull run that we … Read more

How Different Generations Think About Investing

by visualcapitalist View the full-size version of the infographic Every generation thinks about investing a little differently. This is partially due to the fact that each cohort finds itself on a distinct leg of life’s journey. While boomers focus on retirement, Gen Zers are thinking about education and careers. As a result, it’s not surprising to find that … Read more

“This Won’t End Well” – Lies, Damned Lies, & China’s Retail Sales Data

via Zerohedge: As far back as 2013, China’s macro-economic data has been ‘questionably’ smoothed at best, and outright fake at worst. Whether it is trade data (“never been faker” than in 2016) or aggregate production (2018’s massive GDP distortions), as economist Nouriel Roubini once asserted, China just makes its numbers up. This month was no exception… Following China GDP’s … Read more

Well, Twitter Is Opposed To Free Speech, So. . .

BREAKING: Twitter silences Canadian free speech activist Lindsay Shepherd. One of Canada’s most outspoken free speech advocates, Lindsay Shepherd, has been suspended from Twitter. The suspension comes after a jousting match with a notorious trans woman named JY who has been accused of predatory behaviour toward childrenand making frivolous human rights complaints. The Post Millennial reached out to … Read more

Epstein Had Passport From Saudi Arabia Under Different Name

They said the passport was issued in the 1980s and listed Epstein’s residence as Saudi Arabia. It was not clear if the safe was the same one where agents found a cache of nude or semi-nude photographs believed to be of underage girls. https://www.thedailybeast.com/jeffrey-epstein-accusers-to-demand-he-stay-jailed-at-bail-hearing Update >>>>> Jeffrey Epstein Has a Fake Saudi Passport and a … Read more

Apparently, It’s 2017 Again

Sarah Hoyt: Trump Points Out The Obvious. Everybody Apparently Loses Their Damned Minds. *I had the first night of decent sleep in several days (Yes, Dan is home.) And woke up to my friend whose middle name might or might not be Jefferson (he claims it’s not) burning up the phone line. I had NO … Read more

A Top is Forming… Is is THE Top?

By The Phoenix A top is forming. Whether it’s THE top of just A top such as the one from May remains to be seen. The big warning comes from junk bonds, which have lead stocks since the December lows. As stock hit new highs, Junk Bonds have effectively traded sideways since mid-June. This matters … Read more

Trump Slams Faltering Chinese Economy, Declares US ‘Winning’ Trade War

from Zero Hedge The leadership in Beijing probably wasn’t too disappointed with the country’s slowest in nearly 30 years 6.2% annualized GDP print published early Monday morning local time, after all, in keeping with China’s “no surprises” mandate on economic data – every number is goalseeked to perfection to match the consensus, even if the Q2 number was … Read more

Court: Immigrants who vote illegally can be deported

That’s how they catch em. Non-citizens who register to vote are breaking federal laws and can be deported, an appeals court affirmed in a new ruling Monday, issuing its decision just as President Trump raised the profile of the issue, asking for a study of illegal voting.”     https://www.washingtontimes.com/news/2017/feb/13/court-immigrants-who-vote-illegally-can-be-deporte/?fbclid=IwAR14WzI0UMZ6mC0c5hy_ws0-vNvbL0TVHP1fZs9VsnBuVbxy5t49TGi9XGM

Sobering Thoughts: “Bottom line, more and more data are indicating that this is the beginning of an economic contraction.”

Sobering Thoughts: "Bottom line, more and more data are indicating that this is the beginning of an economic contraction." pic.twitter.com/xEOvC3bXSb — Alastair (@StockBoardAsset) July 15, 2019 non-gov't, alternative data shows an impressive industrial slowdown ripping through the american heartland pic.twitter.com/2RI9LH2tmR — Alastair (@StockBoardAsset) July 14, 2019 A composite index of all future employment data from … Read more

List of banks acquired or bankrupted during the Great Recession – Wikipedia

via Wikipedia: This is a list of notable financial institutions worldwide that were severely affected by the Great Recession centered in 2007–2009. The list includes banks (including savings and loan associations, commercial banks and investment banks), building societies and insurance companies that were: taken over or merged with another financial institution; nationalised by a government or central bank; or declared insolvent or liquidated.      

After The Boom Comes The Bust. And Now Is The Bust

Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Freight shipments in the US across all modes of transportation – truck, rail, air, and barge – fell 5.3% in June compared to June last year, after having fallen 6.0% in May, the seventh month in a row of year-over-year declines, according to the Cass Freight Index for Shipments. This decline, along with … Read more