by WARREN MOSLER Another indicator turning south, and this is a big one, as it’s the source of most consumer income: Familiar pattern? As if rate cuts would help output, employment, or earnings, all of which are decelerating: Dow rises 100 points and heads for record close amid expectations for the Fed to lower rates … Read more
The far-left fake news outlet CNN came in 15th place in primetime during the previous quarter and lost nearly 20 percent of its already pathetic viewership. Let’s go straight to the numbers… During the second quarter of this year, here’s how the average viewing audience stacked up… Primetime FOX: 2.4 million MSNBC: 1.67 million CNNLOL: 761,000 … Read more
https://twitter.com/BreakingNLive/status/1146503322284756993 Will not air Trumps 4th of July parade Donald Trump promises the cost of his ‘show of a life time’ will be ‘very little compared to what it is worth’ as critics question cost of July Fourth celebration ‘The cost of our great Salute to America tomorrow will be very little compared to … Read more
by Kimble Charting The chart looks at Bitcoin on a weekly basis over the past 6-years. The long-term trend remains up, as it continues to create higher lows inside of rising channel (1. This pattern has been taking place since the 2013 lows. We applied Fibonacci retracement levels to the 2017 highs and 2018 lows. The rally off … Read more
For More Information See: https://cointelegraph.com/news/steve-…
Because the news cycle never stops, it can be easy for even the most intelligent and dedicated individuals to get swept up in the “story of the day,” and miss out on important developments in the meantime. Worrying economic developments, international affairs, and the direction of domestic politics should concern every citizen. However, there’s a … Read more
Grant’s Almost Daily, submitted by Grant’s Interest Rate Observer On Friday, online luxury consignment retailer The RealReal, Inc. (REAL on the Nasdaq) made its public debut in style, jumping 45% from its IPO price of $20 a share. Valued at $1 billion in a Series H funding round in March, San Francisco-based RealReal, which was founded … Read more
Via DataTrekResearch.com, 2019 is looking more like 1987 every day. No, we’re not calling for an October crash… But if the S&P rallies another +12%, history does say to reduce US equity exposure. Up 30%-ish years aren’t uncommon. Up +40% years most certainly are. Looking further out, recall that 1988 and 1989 saw good S&P returns … Read more
by howmuch Apple in 2012 became the most valuable company in history, with a market capitalization of $621 billion. Its upward trajectory didn’t stop there: in 2018, Apple reached a market cap of $1 trillion. While it’s cooled off at times since then, sometimes dipping below $1 trillion, it’s undeniable that Apple is a big company in … Read more
via Zerohedge: After ADP printed the biggest miss since Feb 2010 in May (adding the lowest amount of jobs since March 2010), expectations for June have been ratcheted down to just a 140k growth in jobs. May also saw a collapse in construction jobs and so all hope was that this ‘blip’ was transitory… it … Read more
via forbes: Every night for five months before the launch of Zillow’s website in February 2006, employees gathered their Dell desktops on Ping-Pong tables, connected them to harness their combined processing power, and strung together extension cords to get them all running. To avoid overloading the circuits, they unplugged the office refrigerator and banned Christmas lights. Then, … Read more
so much name calling and not one fact to back it up. lack of mental health, logic, and basic reasoning skills is what will destroy this country. AC
A federal judge in Seattle on Tuesday blocked a Trump administration policy that would keep thousands of asylum-seekers locked up while they pursue their cases, saying the Constitution demands that such migrants have a chance to be released from custody. U.S. District Judge Marsha Pechman ruled Tuesday that people who are detained after entering the … Read more
The panel discusses today’s political landscape and compares it to the dystopian outlook of Orwell’s ‘1984’. #FoxNews Censorship by any name: http://archive.is/XuLgW
Partly due to a packed dem field: http://archive.is/1DHkg
Federal officials raised the alert level Tuesday for the world’s largest active volcano, Hawaii’s Mauna Loa, which last erupted in 1984. The U.S. Geological Survey changed the level from “normal” to “advisory” following a steady increase in earthquakes and ground swelling that began in March. An eruption is not imminent, but scientists are closely … Read more
via townhall: Progressive billionaire George Soros and right-leaning billionaire Charles Koch have formed an unusual alliance to advocate for pacifist foreign policy, teaming up to create an anti-war think tank known as The Quincy Institute for Responsible Statecraft. According to its website, the Institute “promotes ideas that move U.S. foreign policy away from endless war … Read more
via strategypage: The Turkish president’s threat to intervene in Libya’s anarchic civil war received scant coverage in U.S. media swooning over the Democrats’ gaggle of synthetic candidates. Not so in Europe and the Middle East — for many reasons. Last week, though his military forces are deeply engaged in next-door Syria’s ruinous civil war, Turkish President … Read more
via gizmodo: Microsoft announced in April that it would stop selling ebooks and that any books the company already sold would stop working in early July because the DRM servers were being shut off. Yes, you read that correctly. Those books that you “bought” are going to disappear. Even the “free” books that you downloaded … Read more
Group of billionaires in the US shocks lawmakers by asking to be taxed even more heavily to boost the nation’s finances George Soros and Facebook co-founder Chris Hughes are among the signatories They call for an increase in wealth taxes to fund investment in many sectors Conservatives said they could simply write a big cheque … Read more
via Dailycaller: The Trump administration is slapping fines on illegal immigrants who are ignoring court orders to leave the U.S. — one of them totals nearly half a million dollars. “It is the intention of [Immigration and Customs Enforcement] to order you pay a fine in the amount of $497,777,” read a June 25 ICE … Read more
by Martin Armstrong The Reserve Bank of Australia has cut the official cash rate for the second month in a row to 1%. As we head into the turning point of the Economic Confidence Model come January 2020, the unemployment rate increased to 5.2% in April. GDP growth remains very low at 0.4%, wage growth … Read more
by Martin Armstrong Civil unrest is continuing to rise in Hong Kong after crowds of mask and helmet wearing demonstrators fled the area to escape hundreds of riot police firing tear gas. The entire issue has arisen from Lam’s government pushing legislation that would allow extraditions to China, a move that alarmed locals and multinational … Read more
