Month: December 2019

British Elections are a Warning to Democrats

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by Martin Armstrong   I have been warning that our computer has been projecting the decline and fall of socialism. Moreover, we have pointed out that the Democrats are actually in a long-term protracted bear market and ever since the first election of FDR in the Great Depression, they have been making lower highs and … Read more

World Economy Haunted by Risk Just Got a Double Shot in the Arm

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by confoundedinterest Its a double shot of economic love! (Bloomberg) — Two of the biggest hurdles constraining the world economyhave just been cleared. Dogged for most of 2019 by trade tensions and political risk that hammered business confidence, the outlook for global growth will enter 2020 on a firmer footing after the U.S. and China struck a partial trade deal and … Read more

Consumer confidence is the next shoe to drop

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Peak consumer complacency. Falling personal finance survey is likely a key hint. Abundance of macro imbalances with labor market starting to crack & corporate earnings already contracting. Consumer confidence is the next shoe to drop. pic.twitter.com/Kl4qNKrLWc — Otavio (Tavi) Costa (@TaviCosta) December 15, 2019

System Failure: Central banks can’t reduce liquidity or markets fall apart and the process of never letting markets correct is producing valuations across the entire economic spectrum worse than even 2000

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by northmantrader Rarely has failure been celebrated so much. But it is of little wonder after all, as all asset classes rose in 2019 in spite of slowing growth and flat to declining earnings. In religious debates the question is often asked: Why is there something instead of nothing? In financial markets the corollary question may … Read more

US and China reached a trade agreement, but key details still unclear

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After the U.S. and China announced the “phase-one” trade agreement, a critical point remains in question: agricultural purchases. U.S. Trade Representative Robert Lighthizer says China would buy at least $16 billion more agricultural goods in each of the next two years, Reuters reported. “That scale of purchases seems implausible and Chinese officials were reluctant to … Read more

PayPal and Microsoft’s employee holiday gift is a game changer for working parents

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https://www.cnbc.com/2019/12/15/paypal-and-microsofts-employee-holiday-gift-thrill-working-parents.html PayPal, Microsoft and others are giving the gift of child care this holiday season so working parents can attend holiday office party and shop after hours. The online payments company and tech giant have teamed up with Bright Horizons, a provider of employer-sponsored child care. Microsoft and PayPal believe this initiative will raise productivity … Read more

Boeing reportedly nears decision on cutting or halting 737 Max production

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https://www.cnbc.com/2019/12/15/boeing-considers-halting-or-further-cutting-737-max-production-wsj-reports.html The aerospace giant increasingly views a pause in production as the most viable option, according to The Wall Street Journal. Boeing’s board is meeting in Chicago on Sunday and a decision could come as soon as Monday. FAA chief Steve Dickson told CNBC on Wednesday that the regulator likely wouldn’t clear the 737 Max’s … Read more

The December eurozone malaise was led by sharpest fall in manufacturing output for over 7 years, down for 11th straight month.

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https://t.co/NvFBDjCQvL — Teddy Vallee (@TeddyVallee) December 16, 2019 Markit: Eurozone malaise extends in December, ending worst quarter since 2013 (where are these "green shoots" that market has already priced in?) — Alastair (@StockBoardAsset) December 16, 2019 Another GDP forecast downgrade – now from New Zealand https://t.co/7YA092uqs7 — investingLive (@investingLive_) December 15, 2019

S&P 500 Forward PEG Ratio. So we got that goin’ for us. Which is nice.

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S&P 500 Forward PEG Ratio. So we got that goin' for us. Which is nice. pic.twitter.com/LExmss6YFD — Not Jim Cramer (@Not_Jim_Cramer) December 15, 2019 Spotted: multiple expansion on steroids!$AAPL Apple's forward P/E ratio has almost doubled from the December 2019 low, now above 21, highest since April 2010. pic.twitter.com/RMvpZYSRLH — IV (@iv_technicals) December 16, 2019

Democrats Stop Worrying & Learn To Love Deficits

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by Lance Roberts I was stunned by a recent article from Marshall Auerback via The Nation entitled “Why Democrats Need To Stop Worrying And Love The Deficit.” “Delivering on big progressive ideas like Medicare for All and the Green New Deal will never happen until Democrats get over their fear of red ink.” While the article … Read more

France records 391-mile traffic jam… Tensions mount over transport strike

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A traffic jam of 391 miles was recorded on the outskirts of Paris on Monday morning as fresh strikes over pension changes brought public transport to a standstill in France for a third week. President Emmanuel Macron’s government appeared determined to push ahead with its plans despite the French transport strikes causing widespread disruption as they enter their twelfth day. In … Read more

BAM! Impeachment Backfiring: SECOND Democrat Leaves The Party In 24 Hours

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State Senator John Yudichak of Luzerne County, Pennsylvania said that he will be switching his registration to become an Independent. He will caucus with the Republican majority. Yudichak has criticized an increasingly liberal Democratic caucus that has led to this decision. Due to issues that he finds important, Yudichak believes there is a better home … Read more

THAT’S BECAUSE THE CITY IS RUN BY LEFTY NUTS: I’m all for criminal-justice reform but NYC’s latest changes are nuts.

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To be fair, they’re not just nuts. They’re also crooks. So there’s that. via NYPOST: New York desperately needed to fix its criminal-justice system, but — as we’re now belatedly learning — the reforms Gov. Andrew Cuomo signed into law last spring go way too far. They’re sure to cause more harm than good. What should have … Read more

SOCIALISM: IF YOU BUILD IT, THEY WILL LEAVE.

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Veteran columnist Andrew Malcolm: California is a wondrous place. I’m leaving. I lived in Illinois for many years, so I know one-party government well. Shortsighted Californian voters get what they elect—a loopy super-majority that lets billions in approved water bonds for reservoirs sit idle during an historic drought, so trillions of gallons of welcome rains flow … Read more

President Donald Trump mocked House Speaker Nancy Pelosi on Sunday for “her teeth falling out of her mouth” during a press

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President Donald Trump mocked House Speaker Nancy Pelosi on Sunday for “her teeth falling out of her mouth” during a press conference last week. Trump commented on a video clip highlighted by Rep. Mark Meadows featuring a reporter asking Pelosi why Democrats did not charge Trump with the crime of bribery. “Because it wasn’t true,” … Read more

Researchers discover new method for turning nearly ANY object into a data storage unit

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Researchers have now collaborated to develop a means of storing extensive information in almost any object. “With this method, we can integrate 3D-printing instructions into an object, so that after decades or even centuries, it will be possible to obtain those instructions directly from the object itself,” explains Robert Grass, Professor at the Department of … Read more

The Media’ Self-Important Impotence

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A friend on Facebook writes: A boomlet among talking heads and media pundits is currently tallying up all the newspapers calling for impeachment. But among major dailies now endorsing impeachment, all except one endorsed Hillary Clinton in 2016. (The exception, USA Today, endorsed “not Trump” — stay brave, Gannett.) My point: Newspapers overwhelmingly urged the … Read more