by Troy Stocks fell today as the Fed cut interest rates. Today’s headlines: Rate cut and stocks The economic expansion cycle Manufacturing weakness Stock market’s volume U.S. Dollar breakout Go here to understand our long term outlook. For reference, here’s the random probability of the U.S. stock market going up on any given day. Rate cut The Fed … Read more
by Egon von Greyerz The messages from the ECB and the Fed couldn’t be clearer. They are seeing major problems in the financial system and in the world economy and they will do whatever it takes to save the system. But they will fail. The autumn of 2019 will see a major shift in sentiment … Read more
by Troy The stock market’s volatility has been low for weeks. The Fed is about to make a late-cycle rate cut. Today’s headlines: 7 weeks of low volatility Fed is about to cut rates Consumer Confidence is high Stock market’s seasonality Gold miners overbought? USD’s momentum Go here to understand our long term outlook. For reference, … Read more
via pjmedia: A law in Ann Arbor could force a Democrat to write speeches for President Donald Trump or a pro-life artist to create a mural for Planned Parenthood. On Tuesday, Alliance Defending Freedom (ADF) filed a lawsuit on behalf of a conservative political consulting firm, warning that an Ann Arbor non-discrimination law would force that firm to … Read more
By Robert Ross Late last year, the company overtook Apple to became the third-largest online retailer in the US. Only Amazon and eBay are larger. Walmart is quickly growing its online presence by scooping up smaller online retailers like Jet.com, which sells everything from laptops to sunscreen—often at a healthy discount. Walmart bought Jet in 2016 … Read more
by John Mauldin What kind of money will we use in the future? The answer might seem obvious: dollars, euros, yen, and other government-issued fiat currencies. Most of us have never known anything else. Yet these currencies aren’t natural phenomena. People created them. People can also abandon them for something else, just as they abandoned … Read more
Slaughterhouse owner who used illegal immigrants sentenced to 18 months in federal prison. GREENEVILLE, Tenn. — Updated Story (7/31/19): The owner of a Bean Station slaughterhouse who admitted paying illegal immigrants in cash for years to avoid federal payroll obligations was sentenced Wednesday to 18 months in federal prison. James Brantley pleaded guilty last year in U.S. … Read more
From the New York Times: Last week’s report on second-quarter gross domestic product showed that the economy slowed last spring. It also came exactly 10 years since the Great Recession ended, making this officially the longest expansion in American history. (Well, probably. More on that in a second.) So perhaps it’s no surprise that forecasters, investors … Read more
Controversial Congresswoman Alexandria Ocasio-Cortez found herself at the center of another anti-Israeli scandal this week; saying Palestinians “have no choice but to riot” and urging Americans to follow suit. “Once someone doesn’t have access to clean water they have no choice but to riot. Right?” she said. “But it doesn’t have to be that way. … Read more
The FTC said Wednesday that consumers rushing to get a $125 check fromEquifax as restitution for its 2017 cybersecurity breach should consider the credit monitoring option because the company could run out of money before satisfying all the claims. “The public response to the settlement has been overwhelming,” the FTC said. “Because the amount of money set aside … Read more
Jeffrey E. Epstein, the wealthy financier who is accused of sex trafficking, had an unusual dream: He hoped to seed the human race with his DNA by impregnating women at his vast New Mexico ranch. Mr. Epstein over the years confided to scientists and others about his scheme, according to four people familiar with his … Read more
via scmp: Nearly 400 staff from across more than 30 institutions join up with unions in calling for action on Monday Organisers demand inquiry into government’s recent performance over controversial extradition bill Hundreds of workers at 34 banks joined calls for a citywide strike next week against the government’s handling of recent unrest which has rocked … Read more
Even CNN was highly critical of Harris (within the PC boundaries of their ability to do so without a million soccer moms REEEEing.) Magical.
“Wednesday, July 31, 2019 President Trump has criticized Democrat Party officials for being too soft on China for the past three decades. One America’s Kristian Rouz has more. Link – https://www.oann.com/president-trump-china-wants-democrats-to-win-in-2020/ AC
by AssuredlyAThrowAway One of CNN’s VPs suggested that fair use of such content, for the purposes of news reporting or commentary, was “piracy”. I’ve seen CNN do some pretty shady things over the years, including telling their viewers it was illegal for anyone but the news media to read wikileaks source documents, which were easily … Read more
by axolotl_peyotl While some are turned off by this type of conspiratorial financial jargon, this type of story honestly hits at the heart of the corruption and the wheelings and dealings of the elite. This article discusses the possibility that the Fed is the “public” face of a hidden financial system, and this system is being developed … Read more
Google-owned YouTube manually adjusted search results for “Federal Reserve” after MSNBC host Chris Hayes complained about the prominence of anti-Fed videos in the top results, according to a source who worked at the tech company. Google allegedly added the search term “Federal Reserve” to a “blacklist” file of “controversial” YouTube search queries. This caused search results for the … Read more
by mixsomnia Jack poulson talks about why he resigned from google due to ethical concerns Here is his resignation letter: https://www.documentcloud.org/documents/4905801-Jack-Poulson-Google-resignation-letter-20-Aug-2018.html And here is a transcript Q/A where he goes into detail about it. https://irlpodcast.org/season5/episode4/?utm_source=desktop-snippet&utm_medium=snippet&utm_campaign=IRLS5&utm_term=12243&utm_content=rel_esr Over 700 google employee’s were against the project but only one left publicly. Project Dragonfly: https://studybreaks.com/tvfilm/what-is-googles-project-dragonfly-and-why-is-it-so-concerning/ I also just … Read more
Epstien, Panama Papers, etc. There is no Left, there is no Right. It’s the Wealthy vs the Poor. It’s all one big club, and we’re not in it. There isn’t a war on the poor, it’s a war against us. h/t TheTruthIsOutThere
via WSJ: Political discourse nowadays is enough to depress anyone, and the media don’t help by ignoring good economic news. But buck up, Americans: Worker wages are growing much faster than previously reported. The Bureau of Economic Analysis (BEA) on Tuesday published its annual revisions to personal income data, and the surprise was the huge … Read more
Head of Deadspin, The Onion facing heat from own reporters The head of G/O Media, which owns The Onion, Jezebel and other popular websites, is going on the defensive over a planned expose on his hiring practices — to be published by one of his own reporters. G/O Media’s CEO, Jim Spanfeller, is punching back … Read more
Flood of illegal migrants to the border outpaces last two years with 1.1M expected in fiscal year 2019 Federal law enforcement based on the U.S.-Mexico border are expected to encounter 1.1 million people trying to cross illegally by the end of the fiscal year Sept. 30, despite Mexico’s assistance stopping migrants on their journey north. … Read more
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter “It is not the beginning of a long series of rate cuts”: Powell. After seven months of intense pressure by the White House, Wall Street, and the entire media establishment, eight voting members of the FOMC voted to lower the Fed’s target for the federal funds rate by one quarter percentage point to … Read more
by Michael Snyder Are these really the best and brightest that the Democratic Party has to offer? It was going to take a monumental effort to top Marianne Williamson’s level of craziness on Tuesday night, but on Wednesday there were several Democratic contenders that gave it their best shot. Kirsten Gillibrand and Jay Inslee were … Read more
