Month: January 2020

via jessefelder You can always count on a blowoff in the stock market to bring out the most creative and sincere of rationalizations. Most often we hear something along the lines of, “it’s a liquidity-driven rally,” suggesting that monetary policy is forcing stock prices higher. This is one we have heard not just for the past … Read more

via mishtalk Here we go again. The mortgage lending industry seeks to eliminate debt-to-income rules for home buyers. At the peak of every boom comes one final act of repetitive stupidity. This may be it. Please consider CFPB Moves to Eliminate Mortgage Debt-to-Income Rule for Borrowers. In a letter CFPB Director Kathy Kraninger sent to Congress today, … Read more

(1:15) TRANSCRIPT: This is their president we are talking about. The President of the United States does not serve at the pleasure of the Legislature, does not serve at the pleasure of Joe Biden, does not serve at the pleasure of Henry Hyde, does not serve at the pleasure of the Congress, as a Prime … Read more

BREAKING: Second Chinese city, Huanggang, will be put on lockdown from midnight to prevent the spread of coronavirus — BNO News (@BNONews) January 23, 2020 Huanggang gov’t statement: – All bus and train operations are suspended from midnight – Citizens should not leave the city – All cultural, tourist, and entertainment venues to be closed … Read more

by Michael Snyder We better hope that the U.S. economy holds together in 2020, because if there is any sort of major economic crisis much of the country is going to be broke almost immediately.  Today, close to half of all Americans are living on the edge financially.  For many, it is out of necessity, … Read more

by Michael Snyder The mainstream media in the western world isn’t telling you that Chinese hospitals are being absolutely overwhelmed by the number of sick people showing up for treatment.  So the truth is that the official numbers that the Chinese government is putting out are almost meaningless at this point because hordes of sick … Read more

Even as the Fed floods the market with $400 billion in four months, with stocks at record highs, and reality pooh-pooed as irrelevant. What’s different this time? By Wolf Richter. This is the transcript from my podcast last Sunday, THE WOLF STREET REPORT: The stock market is at all-time highs. The Nasdaq has skyrocketed even more than … Read more

by UPFINA You probably already know one of the most discussed topics on Wall Street is how stocks rallied much more than earnings increased in 2019. This is why the forward PE multiple of the S&P 500 is at 18.6 according to FactSet. As you can see from the chart below, quarterly returns on a year over … Read more

This state is getting way out of control . Is there no recourse to this and criminalizing speech and other unlawful antics ? This country sucks in 2020 . No one has the balls to do anything .     AC

The coronavirus in China is spreading, and largely could have been prevented. A town 7 km from where the virus was discovered in Wuhan had a state run banquet with 100,000 people eating off of the same dishes. This was 2 days after 49 cases were confirmed in Wuhan, China. The Chinese government is trying … Read more

Nobody wants to hear Adam Schiff say the same things over and over again  

… impeachment NOT for a criminal act? … WOW! … it is truly POLITICAL!!! … https://www.youtube.com/watch?v=cUogb2A8wsM&feature=youtu.be https://www.youtube.com/watch?v=mt6iURf1h_E&feature=youtu.be https://www.youtube.com/watch?reload=9&v=pmBz2E4x-z0&feature=youtu.be https://www.youtube.com/watch?v=kf6BMZAJdg8&feature=youtu.be https://www.youtube.com/watch?v=fhufvUXNso4&feature=youtu.be     h/t wisconsin

Do you think that the Fed can pull back on the amount of money they’re printing without creating a new crisis? It has only been 24 hours and yet so much information has piled up. It’s impossible to keep up with the level of complexity in this financial system. The nuances. The in’s and out’s. … Read more

https://www.politico.com/news/2020/01/22/tulsi-gabbard-sues-hillary-clinton-over-russian-asset-smear-102074?fbclid=IwAR3mNAVBz0BYd6Lj8rXNIkuMsWnU5FqK_qJ_XZZdGLQP2ag79reUVzD_p-Q Hillary Clinton describes Bernie Sanders as a ‘career politician’ who ‘nobody likes,’ in a new documentary. The fiery words revealed lingering bitterness toward Sanders, years after he unexpectedly challenged her in the 2016 Democratic primary https://t.co/djje3c3R2w pic.twitter.com/hQAL75KFoa — Reuters (@Reuters) January 22, 2020  

Via Economic Cycle Research Institute (ECRI), The consensus is that the U.S. consumer is still strong enough to propel the economy forward even though the manufacturing sector has weakened. This view underpins expectations for improved corporate earnings in 2020. But the hard economic data strikes a discordant note. In particular, growth in industrial production on a year-over-year basis remains … Read more

by OB1_kenobi Article shows the staggering level of $$$ that passes into the hands of the Military Industrial Complex and the results are. I’m no genius, but $35 Trillion sounds like a lot more than just accounting changes. Someone either stole something, they’re hiding something… or they’re hiding that they stole something. From bloomberg: The … Read more