Month: December 2019

AG Barr getting things done – Barr announces crackdown targeting violent crime in 7 US cities – “Operation Relentless Pursuit” – Detroit, Cleveland, Albuquerque, Baltimare, Kansas City, Mo., Memphis and Milwaukee

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Attorney General William Barr announced Wednesday the launch of an initiative aimed at combating violent crime in seven U.S. cities. Barr kicked off Operation Relentless Pursuit in Detroit alongside officials from the FBI, Drug Enforcement Agency, Bureau of Alcohol, Tobacco, Firearms and Explosives, and other agencies. The initiative will boost federal law enforcement resources in Albuquerque, N.M.; … Read more

Trump just flipped the California 9th circuit court of appeals to conservative

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Pelosi must be pissed. Trump Ends Liberal Domination of 9th Circuit Appeals Court as Senate Confirms Lawrence VanDyke dominate the 9th Circuit Court of Appeals and use the federal appellate court as a rubber stamp for defeating pro-life legislation and pushing abortion on demand. Today the U.S. Senate voted to confirm Deputy Assistant Attorney General … Read more

US Freight Shipments Fall Below 2014 Level, Hit by Shale Oil & Gas Bust. Manufacturing, Construction Also Drag

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter But consumers are doing their job, online. Freight shipment volume in the US by truck, rail, air, and barge of consumer and industrial goods but not bulk commodities declined 3.3% in November from a year ago, the 12th month in a row of year-over-year declines, according to the Cass Freight Index for … Read more

First Central Bank Exits Negative Interest Rates

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Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter Today’s rate hike by the central bank of Sweden ends an absurdity. ECB and other central banks with negative rates are getting ready to follow. The central bank of Sweden, the Riksbank, has thrown in the towel on negative interest rates, and has become the first central bank in history to … Read more

5 Financial Goals to Make for 2020

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With 2020 just around the corner, many of us are entering into the new decade with the hopes of a fresh start. New Year’s Resolutions are a great reminder to check in with ourselves and reevaluate the direction we are going in. If 2019 was not a great financial year for you, it’s time to … Read more

Bloomberg: Air Keeps Pumping Into the U.S. Valuation Balloon… WSJ: Financial Watchdog Warns About Dangers of Leveraged Loans.. Options Traders Eye Insurance

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Air Keeps Pumping Into the U.S. Valuation Balloon: Bloomberg Decomposing soon deflates the bubble of optimism about further gains. Financial Watchdog Warns About Dangers of Leveraged Loans: WSJ The boom in the market for leveraged loans, a favorite financing source of private-equity-backed companies, has created vulnerabilities in the global financial system, according to a report … Read more

Mnuchin: “I think the concern is that the New York Fed is not supporting the repo market. They ARE the repo market. I think that’s the challenge.”

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via wallstreetonparade: When it comes to Wall Street’s mindset, the thinking is that it’s legal if you can get away with it. That mindset seems to have captured the Federal Reserve Bank of New York which secretly pumped trillions of dollars into insolvent banks in violation of its statutory mandate during the financial crisis; is alleged … Read more

US Economic FREE FALL Worsens.. Stocks Will Gain… By Gregory Mannarino

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TradersChoice.net, Released on 12/19/19 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

“Our military would never allow SOCIALISM of any kind in our country”

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by thegeebeebee This is telling. @SenSanders has received more contributions from military members than Joe Biden, Pete Buttigieg, and Donald Trump combined. pic.twitter.com/t2KJUfMCGm — Andrew Kimmel (@andrewkimmel) December 19, 2019 Article that this chart came from: https://foreignpolicy.com/2019/11/08/2020-presidential-election-democratic-candidates-national-security-employees-contributions/ I do want to make it clear that Bernie Sanders is a Democratic Socialist, which is quite a difference from … Read more

5 Pentagon officials announcing resignation within 7 days

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The Defense Department’s senior adviser for international cooperation earlier this week left the Pentagon, marking the fifth top official in seven days to leave or announce their departure. Ambassador Tina Kaidanow, a longtime State Department official who began working in her Pentagon role in September 2018, resigned on Dec. 16, the Pentagon confirmed. Defense News first reported … Read more