Month: July 2019

China, Iran, Venezuela are developing crypto in effort to dethrone US: Study

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via Yahoo:   America’s geopolitical adversaries are banking on blockchain technology to help skirt sanctions and counter U.S financial power, according to a new report. With cryptocurrencies being adopted with increasing speed, governments in Russia, China, Iran and Venezuela are experimenting with the technology that underpins the crypto market, the Foundation for Defense of Democracies (FDD) … Read more

A new low for Democrats and the House of Representatives. They just voted to CUT our military’s personnel accounts—the very accounts that fund troop pay, benefits, and housing.

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via house.gov: Speaker Pelosi should never put politics ahead of our troops, yet she has. Those who are protecting and defending our country deserve better. Congress holds the responsibility of providing for the common defense of our nation, and today’s bill falls significantly short of that sworn promise.” Background on House NDAA: Makes cuts to our … Read more

How Overheated Is The Stock Market?

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via UPFINA: On Twitter we had a conversation with the viral @StockCats on how overheated the stock market is, where stocks have moved up too fast and sentiment is too high. On the one hand, stocks have had a remarkable year. On the other hand, many of the bears are more confident than ever in their … Read more

Michigan Congressman Demands That All 264 #MeToo Sexual Predators In Congress Be Named, Repay Tax $ Used To Silence Victims

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In this exclusive interview, Rep. Jack Bergman (R-Mi 1st Dist) says that the names of 264 Congressmen, Senators, and their staff who have settled #MeToo accusations of sexual misconduct, harassment, and discrimination must be released as soon as possible. The Congressional Accountability Act of 1995 authorized a slush fund from which accusers would be paid … Read more

Earnings Calendar for the week ahead (all times ET)

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by yohansolo20 Monday Earnings: Citigroup, Wintrust Financial, J.B. Hunt 8:30 a.m. Empire state survey 8:50 a.m. New York Fed President John Williams Tuesday Earnings: Goldman Sachs, J.P. Morgan, Wells Fargo, Johnson & Johnson, Charles Schwab, Domino’s Pizza, CSX, United Airlines, First Republic Bank, First Horizon, Commerce Bancshares, Canadian Pacific Railway 8:15 a.m. Fed Governor Michelle Bowman … Read more

Microsoft Teams overtakes Slack with 13 million daily users. And they’re growing faster

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Microsoft Teams overtakes Slack with 13 million daily users – Microsoft is finally revealing exactly how many people are using its Slack competitor Microsoft Teams. The software maker says that more than 13 million people are using Microsoft Teams daily, along with more than 19 million weekly active users. This is the first time Microsoft … Read more

Negative Bond Yields, an explanation

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This is from this Bloomberg article The Black Hole Engulfing the World’s Bond Markets A bond can have a modestly positive coupon when issued by a government, institution or company, but once it starts trading, high demand by investors can push its price up — and therefore its yield down — to such an extent that … Read more

Major U.S. Economic Announcements – Week of 7/15

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by Scottyzredhead   This is what we have to look forward to next week (Times are in EST): Tuesday, July 16th • (8:30am) Retail Sales Numbers for the month of June – (Previous Month +0.5%) • (9:15am) Industrial Production Numbers – (Previous Month +0.4%) • (10am) Business Inventories for May – (April Growth +0.5%) • (10am) NAHB … Read more

Things could get very ugly for world economy

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things could get very ugly for world economy pic.twitter.com/I7FrZ9c5Vt — Alastair (@StockBoardAsset) July 12, 2019 so much for the 2h19 rebound pic.twitter.com/LIq9ifbjPv — Alastair (@StockBoardAsset) July 11, 2019 April 1, 2019: "Fed’s Kashkari Says It Isn’t Time to Cut Rates" – WSJ July 11, 2019: "Fed’s Kashkari: Quarter Point Cut Would Not Be Enough Of … Read more

Singapore Sends an Alert to the Investing World

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via Yahoo: (Bloomberg Opinion) — Temasek Holdings Pte is bringing back into vogue a six-year-old doomsday idea: secular stagnation. The concept of a persistent downturn that doesn’t respond to easy money featured in the Singapore state investment firm’s annual report for the first time since 2016, one of three possible troubling scenarios alongside a hard … Read more

The Fed Appoints Itself Bubble-Sustainer in Chief

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by Alexander Trigaux, Editor, GoldSilver.com   Federal Reserve chairman Jerome Powell has utterly given in to external market pressure to pump air into The Everything Bubble… Fresh off his capitulation in December to stave off The Great Recession Part 2 by ceasing the Fed’s rate-raising, now he is greasing the rails toward 0% interest rates again, an … Read more

Why Deflation Is a Real Risk in the Coming Years

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via livewiremarkets: If bond yields were the litmus test it would be easy to believe that inflation in most countries is at zero or below. Bonds should provide investors with a real return from the income yield, but this is not the case. The graph highlights the steady downward trend in benchmark 10-year yields over the … Read more

The Economics Of South Park

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Authored by Emmanuel Sessegnon via The American Institute for Economic Research, People love South Park. In an age where shows attempt to avoid controversy at all costs, South Park co-creators Trey Parker and Matt Stone practically go out of their way to find it.  When asked by the Huffington Post which group they have angered the … Read more