Month: August 2019

In 2007/08, government refrained from stating that there were clear signs of an economic slowdown because they didn’t want to fuel the fire. Today, we have risk of recession in multiple global economies:

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by amemon0326 UK: Consumer confidence is growing, however due to Brexit no-deal, the country is in a perfect position to significantly feel the effects of any global slowdown Japan: Officials have been saying that the country may have already been in a recession since Mar ’19, things aren’t looking pretty with the new Japan/Korea trade … Read more

Tariffs and Rate Cut Hit Confidence

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Originally published at The Boock Report. The University of Michigan consumer confidence index took a hit in August as it fell to 92.1 from 98.4 and that was below the estimate of 97. It’s also the lowest since January and as seen in the chart below, it’s no higher than it was in late 2014. Most … Read more

LIVE: Tens to hundreds of thousands protesters march across Hong Kong

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by serkok Hongkongers ignore protest restrictions, threats from Beijing as tens of thousands rally against gov’t. Read more at https://www.hongkongfp.com/ Thousands Tens to hundreds of thousands of protesters are expected to gather in Hong Kong on Sunday, August 18, in a march across different districts. The protest is one among many that have seen demonstrators gather since the end … Read more

Strength: Hk Protesters Defy Police

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A spokesperson for China’s legislature condemned statements from US senators and Congress members supporting the pro-democracy protestors. Water cannon trucks were kept on standby as pro-democracy protestors in Hong Kong marched through the dense city centre after assembling at Victoria Park in Hong Kong on a rain-soaked Sunday afternoon, reported South China Morning Post. The demonstrators filled the … Read more

Thanks, Donald, For The Farmer Welfare—City Slickers Pocket Trump’s Farm Bailout

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via Zerohedge: About 9,000 “city slickers” living in luxurious neighborhoods of the nation’s largest cities received a farm bailout from the Trump administration to minimize the impact of the trade war with China, an updated Environmental Working Group (EWG) analysis of Department of Agriculture data shows. The EWG analysis of USDA data revealed that “many recipients live not … Read more

Portland ‘ground zero’ for protests between right, left-wing… Dueling rallies produce fears of violence… Weapons seized… Cops declare civil disturbance

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  PORTLAND, Ore. (AP) — Hundreds of far-right protesters and anti-fascist counter-demonstrators swarmed downtown Portland, Oregon, on Saturday for a long-hyped rally that attracted President Donald Trump’s attention and resulted in at least 13 arrests. Police seized metal poles, bear spray and other weapons and closed bridges and streets to try to keep the rival … Read more

Rival rallies as Hong Kong’s divisions deepen… Water cannon trucks on standby as protesters take over streets

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Hong Kong (AFP) – Hong Kong democracy activists kicked off a weekend of fresh rallies on Saturday in a major test for the movement following criticism over an airport protest earlier this week — and as concerns mount over Beijing’s next move. The new marches came as thousands of pro-government supporters — many waving Chinese … Read more

Baltimore deputy police commissioner, wife robbed at gunpoint

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BALTIMORE — Police say one of Baltimore’s newest deputy police commissioners and his wife were robbed at gunpoint. The Baltimore Sun reports that Deputy Commissioner Daniel Murphy and his wife were approached by four men in an SUV at about 9 p.m. Friday near Patterson Park. https://www.washingtontimes.com/news/2019/aug/18/daniel-murphy-baltimore-deputy-police-commissioner/

The U.S. Plans To Send Nuclear Reactors To Space

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By Haley Zaremba While the nuclear energy industry is struggling to stay afloat in the United States, bogged down by public and political mistrust, crushing nuclear waste-maintenance costs, and a market flooded by cheap natural gas, the country has grand plans for nuclear power outside of its domestic borders. Way outside. In just a few short … Read more

Confidence must be maintained under all circumstances or we’re heading into a global recession first and then a US recession to follow.

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by northmantrader Markets are subject to a giant con game. The game of CONfidence. Confidence must be maintained under all circumstances or we’re heading into a global recession first and then a US recession to follow. Consider the macro context here: Nine major economies are either in recession or on the verge of it. This includes Germany, UK, … Read more

US National Debt Spiked $363 billion in Two Weeks, $1 Trillion in 12 months. But Who Bought This Pile of Treasury Securities?

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Nope, the Fed dumped. But there was huge demand elsewhere. The US Gross National Debt has jumped by $363 billion in the two weeks since President Trump signed the law that suspended the debt ceiling. This surge pushed the total debt to $22.39 trillion. That’s up by $1.01 trillion from 12 … Read more