“Appearing Tuesday on CNBC International, BET network founder Bob Johnson told host Hadley Gamble that the economy under President Donald Trump is “doing great” and said the Democrat Party has “moved too far to the left.”” Source: https://www.breitbart.com/entertainment/2019/07/09/bet-bob-johnson-democrat-party-has-moved-too-far-to-the-left/ AC
The recent World Economic Forum revealed a survey that suggests men will outlive their retirement funds by 10 years and women by 12. The pressure is on individuals to start saving by age 35 and invest wisely as government and employer-sponsored retirement plans around the world come under strain. Experts say you need €497,000 as … Read more
We are very late in the business cycle. It's compelling to bet against stocks. Just shared my views with CNN about the US economy: https://t.co/eliBF6HGQh — Otavio (Tavi) Costa (@TaviCosta) July 9, 2019
What could end the ‘Fed Put’ on the market, or the notion that the U.S. central bank will cut interest rates in response to deteriorating economic data and thereby boost stocks? Francois Trahan, strategist at UBS Group AG, thinks the recent market tendency to interpret ‘bad news as good news’ for risk assets will come … Read more
via CNBC: Representatives from Apple, Amazon, Google and Facebook will appear before the House Antitrust Subcommittee on July 16. The hearing will focus on “dominant platforms and innovation.” The FTC and DOJ are said to be looking into large tech companies for potential antitrust cases. Representatives from four of the big five tech companies — Apple, Amazon, Google and Facebook — … Read more
by SpontaneousDisorder Prediction: after an economic decline cities will not be the desirable place to live, due to unemployment and social unrest. Remember when many parts of major cities like New York and London were considered no-go hell holes? via MarketWatch: Consider a trendy city, beloved by tourists and home to a thriving economy and … Read more
the higher the stock market goes – the greater the deceleration of the real economy — Alastair (@StockBoardAsset) July 10, 2019 Powell used the words "uncertainties" and "risk" a combined six times in a pretty short testimony. He may start with 25 bps at month-end, but the funds rate will finish the cycle at zero … Read more
by triplealpha Like a lot of people every month I get a water bill, electricity bill, internet, you get the idea. Most months I open my mail, verify that the bill looks roughly similar to last month and let autopay take care of the rest. But since last year I have started an excel spreadsheet … Read more
via CNBC: After years of development, J.P. Morgan is releasing a digital investing service called You Invest Portfolios. For an annual fee of 0.35% of assets, J.P. Morgan will put users into an investment portfolio made up of the bank’s ETFs. Unlike most rivals, J.P. Morgan is waiving fees for the underlying investments, which should … Read more
View post on imgur.com h/t TheFadedBull
Legendary investor Jim Sinclair and his business partner Bill Holter say Gold is going much higher. It’s a mathematical certainty. Sinclair says, “You need to look at gold, not a speculation, but as a savings account. If the dollar gets sliced in half, you basically double the value (of your gold) if not more. I … Read more
By Tsvetana Paraskova Lower output from Russia’s largest oil producer Rosneft has resulted in total Russian production falling to a near three-year low in early July, Reuters reported on Tuesday, citing industry sources. Russia’s oil production in the first days of July averaged 10.79 million bpd, the lowest level since August 2016, when production stood at 10.71 … Read more
via @TaviCosta: In contrast: – PMI employment is at its lowest level since GFC – Retail sales are near 15-year lows – Car sales are plunging – Pork prices are soaring
From the Associated Press: Nearly one-quarter of Americans say they never plan to retire, according to a poll that suggests a disconnection between individuals’ retirement plans and the realities of aging in the workforce. Experts say illness, injury, layoffs and caregiving responsibilities often force older workers to leave their jobs sooner than they’d like. According to … Read more
By Tsvetana Paraskova China set a fresh monthly crude oil import record in April and continues to import growing volumes of crude oil this year, accounting for an estimated two-thirds of global oil demand growth in 2019. Yet, a rough estimate of actual Chinese oil consumption patterns lately suggest that the U.S.-China trade war has … Read more
From the Associated Press: Americans are generally satisfied with their personal finances, but many lack confidence in their ability to afford retirement, an emergency expense or even their daily living costs. Roughly two-thirds, 67%, describe their financial situation as generally good, up slightly from 62% who said so at the start of the year, according to … Read more
via politico: Democrats’ signature policy proposal to raise the federal minimum wage would cost roughly 1.3 million jobs nationwide, even as it boosts wages for 17 million workers and lift 1.3 million families out of poverty, according to a report by the Congressional Budget Office released Monday. The report — which offers the most detailed analysis to date … Read more
California sold billions of dollars worth of bonds based on PROJECTED taxes on tobacco cigarettes. Then vaping came along and blew their projections out. AC
Clearly, conservatives have more common sense “More than three out of four conservatives say that they do not trust Facebook to treat all of its users equally, according to a new poll, which adds that more than half of respondents also said they hold the same views regarding Google, YouTube, and Twitter. The poll was … Read more
https://www.youtube.com/watch?v=JFhMZvhNRLk Several days of persistent heavy rain in south China’s Guangxi Zhuang Autonomous Region resulted in severe flooding, causing widespread damage, leaving motorists stranded & forcing the evacuation of thousands of local residents. According to the Ministry of Emergency Management, over 6,000 people trapped in floods in Guangxi have been successful rescued by Tuesday.
by Orangutan Whistle blowers and investigative journalists need more of a role in society than they already have. For some reason they aren’t respected enough for what they do. Part of human nature I suppose. This one deserves the recognition.
Tom Steyer, who has led a two year campaign to impeach President Trump, and devoted years as a climate crusader alarmed at global warming, just announced he’ll spend $100 million to get the Democratic nomination for president. Can Steyer’s billions buy the White House? Should the Democrats pick a wealthy populist outsider to face Trump? … Read more
by Martin Armstrong QUESTION: you spoke about trump draining the swamp, how would you drain the swamp, we agree it needs draining? tg ANSWER: The first thing you have to do is eliminate the control of the regulatory agencies by the bankers. Enough is enough. We must start there. We will NEVER see any hope for the … Read more
by Martin Armstrong QUESTION: Your correlations about the weather have been very interesting. What I understand is that as the climate has shifted into solar minimum, the weather gets more volatile with colder winters and spike heat waves in summer that decline in duration. Then for some reason, this is also the same period when volcanoes … Read more
