Add another set of test results to the stack deflating promises U.S. leaders said justified the major arm-twisting required to switch the nation to Common Core. On Tuesday, the latest results from a respected international test showed U.S. students making no progress in math or reading since the last such exam three years ago. This … Read more
Banks worldwide have announced major job cuts this year. Globally, 75,700 jobs are reportedly being eliminated, with the most recent announcement coming from Italy’s largest bank.
By Robert Ross I’m sure you’re familiar with the “retail apocalypse.” Brick-and-mortar retailers are dying off as people buy more stuff online, or so the story goes. This trend has taken out household names like Circuit City, Blockbuster Video, and Payless ShoeSource. Even luxury retailer Barneys filed for bankruptcy this year. All told, about 9,000 … Read more
Numbers don't lie. The problems in the overnight lending market are more than TWICE as bad as they were in the second half of 2008. Where's Kevin Bacon? Let's get him in uniform to lead the "All is well!!!" chorus. $SPX $TNX pic.twitter.com/I9HFTwX1UV — Blueshirt Advisers (@blueshirt_omaha) December 5, 2019 Year-end rate risk #2-Fed doesn't … Read more
The growth rate in core factory orders is pinned at stall speed. I don't think the velocity of the slowdown from the early 2018 peak is well appreciated. pic.twitter.com/pXWSUw5dYK — Eric Basmajian (@EPBResearch) December 5, 2019 Core durable goods new orders have slowed from 10% to 0% growth. Still no signs of the economic "air … Read more
by Michael Snyder I don’t do many articles about toys, but when I learned about the disgusting toys that many Americans are buying for their children this year, I just had to comment. Look, I certainly understand that normal bodily functions can be funny sometimes, and it is not wrong to laugh about them once … Read more
https://www.youtube.com/watch?v=clVAxQIzV0Y
European banks could need as much as 400 billion euros ($442 billion) in capital to comply with new rules aimed at making the global financial system better able to bear potential losses, a study commissioned by the European Union’s banking lobby showed. Under the new rules, which are known as Basel III, an “output floor” … Read more
Brian Ochsner interviewed by Half Dollar of Silver Doctors Farmer & Marketing Strategist Brian Ochsner sat down with Silver Doctors on Thursday for a robust discussion on farming in America. How are U.S. farmers doing in the face of a trade war, highly financialized markets and a loss of competitiveness in the global marketplace? Some of the … Read more
Wow you can really tell he’s beyond done. He absolutely destroys every Dem in that room. h/t PirateMonkey
by smurfin101 Trump: US Robbed By ‘Elite’ He ‘Used to Be’ Part Of (2016) Said he will drop the US from the TPP (which he did) Said he will hold foreign countries accountable for breaking trade laws (which he did) Said he will renegotiate NAFTA (which he did) Said he will called out china for being a … Read more
via thetruthseeker: Los Angeles’ head of homelessness is resigning after presiding over a 33% increase in homelessness over the course of just five years. Peter Lynn, head of the Los Angeles Homeless Service Authority, announced that he would leave at the end of the year, with the LAHSA having splashed out a total of more than … Read more
Jonathan Turley, professor at George Washington University Law School, delivers his opening statement at the House Judiciary Committee’s public impeachment hearing. #FoxNews AC
https://twitter.com/RobMeyer9/status/1202651571663687680 "Algos: Thresholds at 3,100 for the S&P500, 1.90% for 10yr UST yields; If CTAs move to "sell everything", it could prompt risk-parity funds to deleverage."-Nomura — Mako Management (@mako_management) December 5, 2019
The Fed Is Easing, But Why Is The PBoC Not… Yet? check out our deep report on PBOC China's economic policies ask act@liquidity.com pic.twitter.com/i2PMWtUtw6 — CrossBorder Capital/ GLIndexes (@crossbordercap) December 5, 2019
by FossilizedUsername I’m trying to rent an apartment for the upcoming year and encountered a craigslist scam that is slightly more ambitious than the typical “take your deposit and run” variety. Here is the body of the email: This is to acknowledge the receipt of your completed application form for [the relevant address]. The … Read more
by ScotchBrandyBourbon They are pricing it at $1.7 trillion. But this is a super inflated number. They are only selling 1.5% of the company. If they had to sell 30-40% of the company the price would be much lower. They couldn’t even get a decent offer from USA/Euro investors. This IPO is 100% domestic/regional. … Read more
https://thehill.com/homenews/administrat…-house?amp President Trump said Thursday that if House Democrats are going to impeach him they should do it “now” and “fast” so he can have a “fair” trial in the Republican-controlled Senate. In a series of tweets, Trump also said he wanted House Speaker Nancy Pelosi (D-Calif.), House Intelligence Committee Chairman Adam Schiff (D-Calif.) and … Read more
https://www.youtube.com/watch?v=oxtz3DoxxRk Shocking video about the economic collapse of Germany and Deutsche Bank Collapse! Germany’s economic indicators across the board are shrinking. And with Merkel masking a massive tax raise as a political cave to the rising Greens party, the future for Germany’s economic growth looks terrible. Germany is a Dead Economy Walking. The implosion … Read more
Do you think that the stock market would crash overnight if the Fed said no more QE, and reduction of the balance is coming? If so, what does that tell us about the underlying issues? If the central banks intervene in the markets, the expectation is that this is forever. There was never any indication … Read more
Check out what Soviet defector Yuri Besminov said about brainwashing a nation. The millenial generation and the current one,, It’s OVER DONE at this point. That interview was in 1983 and he said it was too late then. Just imagine how many generations have indoctrinated by the American Public Schools and American universities. Truly … Read more
By Wolf Richter for WOLF STREET. The total amount of repurchase agreements (“repos”) on the Fed’s balance sheet as of December 4, released today, declined over the past month to $209 billion, from $215 billion a month ago. These repos included: $70 billion in overnight repos, issued on Wednesday morning that unwound today; all prior overnight repos had already unwound. … Read more
Authored by Nick Cunningham via OilPrice.com, The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape. The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job growth lag the broader Texas … Read more
Authored by Mac Slavo via SHTFplan.com, Twitter has written “shadow banning” aka, censorship, into their new terms. The platform will nowintentionally “limit the visibility” of some users. Expect those who dissent from the official narrative to be the ones censored. Critics have accused Twitter of censorship for quite some time now. But this time, it’s official. The company has admitted … Read more
