Month: September 2019

by Martin Armstrong Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is … Read more

United States Fiscal Year Pending Cases Figure 1. Pending Deportation Cases, FY1998-FY2019 (to view values, mouse over any bar) Figure 1 shows the number of cases pending before the Immigration Courts by fiscal year. For prior years, the number shown represents pending cases at the end of each fiscal year (September 30). For FY 2019, … Read more

by Lance Roberts In this past weekend’s newsletter, I broke down the bull/bear argument dissecting the issues of cash on the sidelines, extreme bearishness, equity outflows. However, even though the economic and fundamental environment is not supportive of asset prices at current levels, the primary argument supporting asset prices at current levels is “optimism.”  “The biggest reason for … Read more

by Wayne Allyn Root Isn’t it funny how the liberal mainstream media loves to throw around the term “conspiracy theorist” at any conservative who tells raw truth and asks lots of good questions about the biggest stories in the news? What’s so absurd about the mainstream media using that term “conspiracy theorist” is these are the … Read more

by Martin Armstrong QUESTION #1: You expect global cooling due to the decrease in solar energy. Why do glaciers melt? MG QUESTION #2: Now that the Greenland Glacier is growing, is this part of the shift back toward global cooling? Do you think we are headed to an ice age? FH ANSWER: There appears to be a 20-year cycle … Read more

from Zero Hedge The IMF just broke its own record of incompetence: less than a year after its record, $57 billion bailout of Argentina was finalized, S&P just downgraded the country from B- to Selective Default – the equivalent to a default rating – following the government’s “reprofiling” of its debt on August 28, when it … Read more

By Tsvetana Paraskova All major stakeholders in the oil industry need oil prices to be higher than the current $60 a barrel Brent Crude to turn profits or balance government budgets. Yet, in the long term, oil prices at $60 wouldn’t be competitive in the transportation sector because they won’t be able to compete with electric vehicles … Read more

By Nick Cunningham Lower oil prices and ongoing financial stress in the U.S. shale industry are creating headwinds for drillers, and it appears increasingly likely that supply growth could undershoot forecasts. U.S. oil production fell in June to 12.082 million barrels per day (mb/d), according to new data released by the EIA on Friday. That is a … Read more

by TFittonJW Comey should have been arrested but his coup cabal cronies were running the show when it was first learned he stole President Trump’s FBI files, some of which were classified, and then lied about leaking and hiding them in his home.  

Let’s combat cow farts! By eating veggie burgers made with beans! AC

By Jared Dillian You have probably heard that $15 trillion of bonds are trading with negative yields. That’s 25% of all sovereign bonds outstanding. Lots of people are furious about this—but it’s no use getting mad at the market. Lots of people say it doesn’t make sense. It makes sense to me, and to a … Read more

by Michael Snyder Since the end of the last recession, the outlook for the U.S. economy has never been as dire as it is right now.  Everywhere you look, economic red flags are popping up, and the mainstream media is suddenly full of stories about “the coming recession”.  After several years of relative economic stability, … Read more

by Michael Snyder This is the worst natural disaster that the Bahamas have ever seen.  For hour after hour, Hurricane Dorian has remained almost stationary over the islands, and the devastation is immense.  Power poles are being snapped like twigs, vehicles are being tossed about like toys, and thousands upon thousands of homes have already … Read more

https://www.youtube.com/watch?v=hXF0Emh3Rw8

via taxprof: Wall Street Journal, Collapse of the Inequality Argument?: Leftist politicians have been saying for years that a dramatic rise in wealth and income inequality is the central economic problem of our time. It remains the go-to explanation among Democratic presidential candidates for their myriad schemes to increase federal taxation. But the claim of an inequality … Read more

https://www.youtube.com/watch?v=kubXVHhCmWc Hurricane Dorian AKA Big Bad Wolf – Bahamas Marsh Harbor interior is completely destroyed after Hurricane Dorian destructive 220 MPH plus winds turns everyday objects into projectiles and sustained tornado like winds strips buildings and vegetation from islands . The vast majority of media is now claiming its a category 4 storm and not … Read more

via lidblog: CNN has benched one of its own TV commentators Steve Cortes,  because he is a Hispanic man who supports President Donald Trump and who also said that CNN is pushing a fake “racist narrative.” Now, just stop and think for a second what CNN has done here. They have kept their own guy off … Read more

By Tsvetana Paraskova For the first time ever, ExxonMobil wasn’t among the top ten companies in the S&P 500 by index weight at the end of the month this August as energy stocks give way to technology as the biggest firms with the largest weight in the index. According to the month-end company weightings published by S&P Dow Jones … Read more

ELECTION PROGNOSTICATIONS: “Of course, we’re deprived of any painfully honest discussion of how much the Democrats need black voters in big cities to control the electoral votes of the swing states and why they’re having trouble getting these votes in the post-Obama era.” “The four are Pennsylvania, Michigan, Wisconsin and Florida. Many analysts point to Wisconsin … Read more