Month: September 2019

Keeps getting worse. Another contrarian indicator at its highest level in 40 years!

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via Otavio (Tavi) Costa: Consumer confidence-to-sentiment ratio at a cyclical high? Happened prior to every recession. Now spiking after sentiment had its worst monthly drop in 7 years. Stocks never looked so toppy. Oil E&Ps now below GFC levels! Not the only problem: Industrials, financials, health care, materials, energy. All peaked in 2018. Broad leadership … Read more

Scary chart from BCA: Chinese households are now more leveraged than US households.

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via Jimmy Su: Consensus thinks that the China consumption story is driven by the “rising middle class” but as always the actual reason is much more complicated. Also, BCA looks at the ratio relative to household income instead of GDP because the latter includes non-consumer related line items (I.e. govt spending, investment, net exports). Makes … Read more

If history repeats itself, we are already in a bear market with a US recession in 2020

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If history repeats itself, we are already in a #bearmarket with a US #recession in 2020 and SPX @3200-3300 in 2024. More in my article here: https://t.co/bwwqEQzxZB @PictetAM pic.twitter.com/EJc2GLzN5H — Luca Paolini (@luca_paolini) September 5, 2019 Global #manufacturing is contracting, but can the service sector prevent a more serious downturn? https://t.co/o2uVsr1pj5 @darioperkins pic.twitter.com/9tKTCcd5Xn — GlobalData.TSLombard … Read more

Retail giant Target demands that suppliers absorb tariff costs to shield consumers

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Target tells suppliers it “will not accept any new cost increases related to tariffs on goods imported from China.” In a memo, the retailer also says it expects suppliers to “develop the appropriate contingency plans so that we don’t have to pass price increases along to our guests.” https://www.cnbc.com/2019/09/05/target-demands-that-suppliers-absorb-tariff-costs-to-shield-consumers.html

Another Weird Brexit Turn: Tories Vote To Support No-Deal Bill In House Of Lords

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Authored by Mike Shedlock via MishTalk, A big filibuster was in progress then suddenly it vanished. Tories voted for the Benn bill blocking No Deal. Sorting Out the Truly Weird Remainers are bragging tonight that the Filibuster is broken. Guess who broke it. Via Eurointelligence The Conservatives in the House of Lords abandoned their filibuster in … Read more

Consumers Have Reached Their Tipping Point Marking Impending Recession

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by Mac Slavo of SHTFplan American consumers’ sentiment has officially reached their tipping point.  It’s time to brace for the impending recession. Unfortunately, the news is dire. Consumer sentiment results from the University of Michigan Surveys of Consumers have crashed. The Consumer Sentiment Index posted its largest monthly decline in August 2019 (-8.6 points) since December 2012 (-9.8 … Read more

San Francisco Just Declared the NRA a TERRORIST Organization.Here’s How This Could Affect the Rest of Us

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by Daisy Luther Unbelievably, the San Francisco Board of Supervisors has passed a resolution designating the NRA a terrorist organization. In a year of mindboggling legislation against law-abiding gun owners, this truly ices the tyrannical cake. And ironically, they cited the Declaration of Independence to do it. What is this resolution? Let’s take a closer look WHEREAS, The United … Read more

Chicago mayor tells Ted Cruz to “keep our name out of your mouth” about gun control

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by DCG Bossy Chiraq Mayor Lori Lightfoot Liberals sure do love telling other people what they can and cannot speak of. From Yahoo (via HuffPo, hence the bias): Chicago Mayor Lori Lightfoot issued a blistering response to Sen. Ted Cruz (R-Texas) after he attempted to use the city as an example for why “gun control doesn’t work.” Cruz … Read more

Is your diet drink killing you? Drinks firms insist they’re safe, but now a major study says just two glasses a day can lead to an early death

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Products saying ‘sugar-free’ or reduced sugar will contain artificial sweeteners Study involving 450,000 said consuming these higher your risk of dying young They can ‘over-stimulate our sugar receptors’ and warp our palates So we no longer enjoy eating foods that aren’t so sweet and have cravings They are in thousands of products we slip into … Read more

Huffington Post – YAHOO — Down WORLDWIDE

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StephenGalaxy ‏ @stephengalaxyz 3m3 minutes ago More #huffpost and #yahoo are down, both sister companies of #verizon media company #bonkers #yahoofootball #yahoofantasy PPL are going apeshit — more so for yahoo, of course What other places is this causing havoc? And Y? Reasons/conspiracy? https://twitter.com/search?f=tweets&vertical=news&q=yahoo%20down&src=typd   AC

Totally Nonpartisan Law Enforcement Professional

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Andrew McCabe to Headline Dem Fundraiser in Pennsylvania; Fired FBI official also recently joined CNN. Former FBI deputy director Andrew McCabe will headline a Democratic Party fundraiser in Pennsylvania later this month. McCabe, who was fired from the FBI in 2018 due to findings by Department of Justice inspector general Michael Horowitz that he had … Read more

Parliament Votes To Dissolve The People And Elect Another

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U.K. Parliament Gives A Full-Fledged Finger To The British People. The British Parliament stood firmly opposed to the British people, as 21 Conservative Party members of Parliament (MPs) defected and joined the Liberals-Democrats to damage the new Boris Johnson government and oppose a No-Deal Brexit on October 31. In a win for the European Union, keenly being … Read more

Many Indicators Point to Early 2020 Downturn

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By Harry Dent The yield curve first flirted with inversion earlier this year. That occurred clearly recently when the 2-year Treasury bond yield crossed below the 10-year, and it has done that further more recently. But that indicator can lead by nine months to 22 months. And Treasury bond yields have been so manipulated in the … Read more