$30 trillion of assets globally are held by similar open-ended funds. By Nick Corbishley, for WOLF STREET: The Bank of England warned on Thursday that “financial stability risks are increasing” from giant open-ended funds, which are estimated to hold some $30 trillion in assets globally. These funds are vast sources of financing for the real economy but … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter How out-of-whack is the discrepancy in growth between incomes, rents, and house prices? The “San Francisco Housing Crisis,” as it’s called on a daily basis, is an extreme. But housing costs in major urban areas in the US have been eating up more and more of household incomes, as house prices … Read more
Ron Paul Liberty Report, Released on 7/12/19 President Trump wants The Fed to flood the economy with (even more) credit. The so-called “independent” Fed has indicated that it’s going to comply. A bigger bubble means an even bigger bust must occur at some point. Central planning is right on course to where it always ends … Read more
by Martin Armstrong The peaceful left has made death threats against Ava and her family for her imitation of AOC. Her family posted this on Twitter and announced that they have deleted all posts because the right to freedom of speech does not exist if you disagree with the left.
Submitted by Hardscrabble Farmer What’s the purpose of a college education if you come out so ignorant you can’t figure out a loan forgiveness program? “But it turns out that her $76,000 in student loans didn’t get forgiven. Baker was finally told she was in the wrong type of loan. If she’d known that at … Read more
by Troy The market expects a Fed rate cut soon as the stock market pushes to new highs. Today’s headlines: Fed rate cut AAII sentiment Volatility of volatility Using copper to trade stocks Are bonds and interest rates reversing? Go here to understand our fundamentals-driven long term outlook. For reference, here’s the random probability of the U.S. stock … Read more
From Birch Gold Group Last year was a record year for corporate share buybacks. The appeal of a buyback “gravy train” appeared to be too lucrative for investors to resist. This year, the trend of companies buying shares to make math work in favor of better share prices seems to be increasing. But what if this method crashes … Read more
https://www.youtube.com/watch?v=MVw_DrI1VkY CORRECTION: ABC News obviously covered the story but no one reported it including ABC News. They covered the drug use but not the bribe.
In this episode I address the stunning comments by this prominent liberal about their real plans for the economy. I also address what happened at the White House social media summit yesterday. I address President Trump’s latest move on the census citizenship question and some insane comments by a liberal television personality. AC
by independenttrader Europe is rebelling against the United States More than a year ago, we reported that the United States had unilaterally withdrawn from a nuclear agreement with Iran. Shortly after this decision, Americans began to impose sanctions on Iran. As a consequence, trade with this country has been prohibited. More important countries of the European … Read more
FTC votes to approve $5 billion settlement with Facebook in privacy probe The Federal Trade Commission voted this week to approve a roughly $5 billion settlement with Facebook that could end an investigation into its privacy practices, according to a person familiar with the matter but not authorized to speak on the record, a deal … Read more
Tropical Storm Barry Inches Toward Gulf Coast; Heavy Rain Moves In; Dangerous Flooding Ahead in Lower Mississippi Valley At a Glance Tropical Storm Barry will make landfall today along the northern Gulf Coast, possibly as a hurricane. A major threat of rainfall flooding is in play over the northern Gulf Coast and lower Mississippi Valley. … Read more
Walter Cronkite unnerved a nation 56 years ago, by taking off his glasses. The video has been seen by countless millions over the decades: Cronkite announcing on live television in 1963 the death of President Kennedy. He stops for a moment, removes his glasses, composes himself and moves on. That gesture rattled Americans because they expected journalists to … Read more
CA passes law, Presidential hopefuls must show your tax return. Barr is moving forward with the investigations. Flynn’s new attorney goes after fake dossier, FISA warrant. The D’s expose their real plan for America, it’s exactly what we thought it was. AOC, Pelosi, and HRC explain how to avoid ICE. Rep Gooden says people that … Read more
The socialistic Green New Deal, pushed by New York Rep. Alexandria Ocasio-Cortez and winning broad support from Democratic presidential candidates could lead to a $10 increase on a single gallon of gas, according to a new study of the so-called “carbon tax” and the liberal bid to rid vehicles that burn fossil fuels. The result: … Read more
🔥HOLY, WOW🔥 Unprepared @AOC tries to come at Former ICE Director Thomas Homan.She gets eviscerated.It's unfair.It's hard to watch.Total savage flex by Homan at the end.AOC *literally* left speechless.I've never see a member get more completely & embarrassingly destroyed. pic.twitter.com/F8qn5wkp2f — Benny Johnson (@bennyjohnson) July 12, 2019 This clip of AOC begging to be sworn … Read more
This is what happens when you allow psychopaths to use force. Like always excuses will be made so the state can reign supreme. h/t Playaguy
via CNBC: Genetics testing companies, like Veritas Genetics, Ancestry and 23andMe, are providing consumers with an unprecedented level of access to their personal genome. Privacy risks are not well understood by consumers. Law enforcement and the federal government can pressure these companies to share your DNA. The business of personal genetic-testing kits is booming, with … Read more
by A_solo_tripper Company owned by Jeffery Epstein Date Donated Amount Donated Received Pedophile’s Funds RED HOOK ENTERPRISE 04-17-2014 $5,000.00 Eagles Party N/A 06-04-1999 $1,000.00 Kasich, John (R) NEW ALBANY INVEST CO 12-12-1997 $1,000.00 Freedom Project (R) N/A 11-20-1997 $1,000.00 D’Amato, Alfonse M (R) J EPSTEIN & COMPANY 09-17-1996 $1,000.00 Lazio, Rick A (R) J EPSTEIN … Read more
by Shaun Richards A feature of 2019 so far has been a succession of U-Turns by central banks and by two of the world’s major central banks in particular. This has been most marked at the US Federal Reserve where it was not so long ago that some were suggesting we would see four interest-rate … Read more
by Thinker YouGov has taken a poll, Boris Johnson has already won and the people are pushing for the BREXIT, if Johnson can’t complete the BREXIT he must resign. Trump is explaining why tariffs are so important right now, they are being used to create new trade deals for the new economy. Trump put out … Read more
via BBC: The UK has brought forward plans to send a second warship to the Gulf amid rising tensions with Iran. HMS Duncan is currently in the Mediterranean and is expected to join HMS Montrose in the region next week. It comes after the UK government said Iranian boats tried to impede a British oil tanker … Read more
by Martin Armstrong Normally, equity valuations reflect the present value of future cash flows that are primarily a function of current cash flows, growth expectations, and then the discount rate. Most fundamentalists will look at the cash flow generation in both the short and long-term. With equity valuations at their record highs, investors, in theory, … Read more
by Martin Armstrong QUESTION: I was told that none of the big bankers during the Great Depression went to jail either. Doesn’t the government understand that this is the very image of draining the swamp? DK ANSWER: The bankers own the reign of government from the courts to the White House. In the years that followed the … Read more
by Frank Shostak via Mises Wire After closing at 735 in February 2009 the S&P500 has been following a relentless up-trend closing at the end of June this year at 2941.76 – an increase of 300% since February 2009. The increase in the US stock market this year appears to defy the visible softening in the momentum of … Read more